Potomac Healthcare Foundation
- Assets
- $18.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/1978
- Data as of
- 06/2021
- EIN
- 52-1116578
Organization Overview
Potomac Healthcare Foundation is located in Baltimore, MD. The organization was established in 1978. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Potomac Healthcare Foundation generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $9.6m during the year ending 06/2021. While expenses have increased by 17.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES RESIDENTIAL TREATMENT AND SERVICES FOR ALCOHOL AND/OR DRUG DEPENDENT PREGNANT AND POSTPARTUM WOMEN ALONG WITH THEIR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Roby CFO | 40 | $206,000 | |
Chimene Diomi Registered Nurse | 40 | $150,125 | |
Amy Martin Crnp | 27 | $107,625 | |
Phyllis Stahley Director Of Admissio | 40 | $102,799 | |
Gary Gagnon Controller | 40 | $80,625 | |
Leonard Sacks Chairman/treasurer/trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Costello Construction | 6/29/21 | $3,406,132 |
Tei Electrical | 6/29/21 | $234,417 |
Netsmart Technologies | 6/29/21 | $175,402 |
Shepperd Ent | 6/29/21 | $56,896 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,193,088 |
| Interest on Savings | $261 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,953,278 |
| Total Revenue | $9,146,627 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,391,283 |
| Pension plans, employee benefits | $173,157 |
| Interest | $49,962 |
| Taxes | $194,052 |
| Depreciation | $122,763 |
| Occupancy | $1,255,578 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,339,429 |
| Total operating and administrative expenses | $9,606,011 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,606,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,276,206 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $78,730 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,956,715 |
| Other assets | $168,572 |
| Total assets | $18,480,223 |
| Accounts payable and accrued expenses | $1,068,427 |
| Grants payable | $0 |
| Deferred revenue | $1,728,303 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $5,333,739 |
| Other liabilities | $4,488,480 |
| Total liabilities | $12,618,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Concordia Lutheran Ministriesfoundation Cabot, PA | $226,432,111 | $36,499,919 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
The Medical Trust Philadelphia, PA | $200,270,282 | $19,932,215 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |
Meadville Physician Services Meadville, PA | $881,985 | $6,590,657 |
Fauquier Hospital Endowment Fund Under Trust Agreement With Dated 1 Charlottesville, VA | $0 | $393,399 |