Hh Medstar Health Inc
- Assets
- $373.1m
- Revenue
- $1.4b
- Investments
- $2.5m
- Employees
- 7,872
- Location
- Columbia, MD
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 52-1542230
Organization Overview
Hh Medstar Health Inc is located in Columbia, MD. The organization was established in 1997. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2022, Hh Medstar Health Inc employed 7,872 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hh Medstar Health Inc 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 06/2022, Hh Medstar Health Inc generated $1.4b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $1.4b during the year ending 06/2022. While expenses have increased by 16.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PLAN, DEVELOP, COORDINATE, DIRECT AND MANAGE AN INTEGRATED HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HH MEDSTAR HEALTH, INC.'S LARGEST PROGRAM SERVICE IS TO PROVIDE MANAGEMENT AND SUPPORT TO MEDSTAR HEALTH, INC. AND ITS AFFILIATED ENTITIES. IN ADDITION TO THE PROGRAM SERVICE EXPENSES LISTED ABOVE, HH MEDSTAR HEALTH INCURRED $308.3M OF MANAGEMENT AND GENERAL EXPENSES IN PROVIDING MANAGEMENT AND SUPPORT TO ITS AFFILIATED ENTITIES. THE PROGRAM SERVICE EXPENSES INCURRED BY THE ORGANIZATION RELATE TO CORPORATE SERVICE FUNCTIONS INCLUDING FINANCIAL SERVICES AND INFORMATION SYSTEMS.
HH MEDSTAR HEALTH, INC. PROVIDES PHYSICIAN SERVICES THROUGH ITS PHYSICIAN PRACTICES TO MEDSTAR HEALTH, INC. AND ITS AFFILIATED ENTITIES. THESE PHYSICIAN PRACTICES SERVE AS PHYSICIAN PRACTICES TO EACH OF THE HOSPITALS (WHICH ARE INCLUDED IN HH MEDSTAR HEALTH INC.'S SUPPORTED ORGANIZATIONS) IN THE MEDSTAR HEALTH INTEGRATED HEALTH CARE SYSTEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth A Samet President/director | OfficerTrustee | 1 | $0 |
Michael J Curran Treasurer/director | OfficerTrustee | 1 | $0 |
Stephen Rt Evans MD Director | Trustee | 1 | $0 |
Eric R Wagner Vice President/director | OfficerTrustee | 1 | $0 |
Oliver M Johnson Vp/secretary | Officer | 1 | $0 |
Richard Goldberg Mmg President | Officer | 40 | $1,231,214 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ntt Data Services Llc It Services | 6/29/22 | $32,420,967 |
Cerner Corporation It Services | 6/29/22 | $24,710,827 |
1life Healthcare Inc Medical Services | 6/29/22 | $22,565,661 |
One Medical Group Pc Medical Services | 6/29/22 | $19,666,475 |
Cerner Health Services Inc It Services | 6/29/22 | $5,543,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,613,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,911,183 |
| Total Program Service Revenue | $1,129,685,136 |
| Investment income | $25,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,104 |
| Net Gain/Loss on Asset Sales | -$26,158 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,353,798,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,120 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,426,510 |
| Compensation of current officers, directors, key employees. | $612,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $797,485,239 |
| Pension plan accruals and contributions | $13,292,314 |
| Other employee benefits | $54,268,947 |
| Payroll taxes | $50,086,662 |
| Fees for services: Management | $30,575,636 |
| Fees for services: Legal | $999,331 |
| Fees for services: Accounting | $196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,561,261 |
| Advertising and promotion | $1,574,993 |
| Office expenses | $19,021,490 |
| Information technology | $3,132,930 |
| Royalties | $0 |
| Occupancy | $20,379,047 |
| Travel | $1,874,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,004,484 |
| Interest | $380,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,514,557 |
| Insurance | $21,936,218 |
| All other expenses | $9,944,786 |
| Total functional expenses | $1,395,825,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,484,336 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,335,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,138 |
| Inventories for sale or use | $4,690,874 |
| Prepaid expenses and deferred charges | $30,559,299 |
| Net Land, buildings, and equipment | $110,363,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,466,328 |
| Investments—program-related | $0 |
| Intangible assets | $1,595,676 |
| Other assets | $61,611,426 |
| Total assets | $373,125,523 |
| Accounts payable and accrued expenses | $250,813,364 |
| Grants payable | $0 |
| Deferred revenue | $10,784,460 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $203,654,483 |
| Total liabilities | $465,252,307 |
| Net assets without donor restrictions | -$92,126,784 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $373,125,523 |