Mary Washington Healthcare
- Assets
- $548.9m
- Revenue
- $135.0m
- Investments
- $227.4m
- Employees
- 778
- Location
- Fredericksburg, VA
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 54-1240646
Organization Overview
Mary Washington Healthcare is located in Fredericksburg, VA. The organization was established in 2004. 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 12/2023, Mary Washington Healthcare employed 778 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Mary Washington Healthcare 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 12/2022, Mary Washington Healthcare generated $135.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $133.0m during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 8 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.
Since 2014, Mary Washington Healthcare has awarded 96 individual grants totaling $1,473,580. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE PARENT CORPORATION OF THE MWHC AFFILIATED GROUP, MWHC PROVIDES STRATEGIC DIRECTION, MANAGEMENT AND CORPORATE SUPPORT SERVICES TO MEMBERS OF THE AFFILIATED GROUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael P Mcdermott MD MBA President And CEO | OfficerTrustee | 40 | $1,937,224 |
Sausheen Taylor MD Physician/trustee | Trustee | 40 | $390,671 |
Ronald W Branscome Ms Board Chair | OfficerTrustee | 2 | $0 |
Bruce L Davis Ba Board Vice Chair | OfficerTrustee | 2 | $0 |
Catherine M Wack Board Secretary/treasurer | OfficerTrustee | 2 | $0 |
Matthew D Dumont MD Board Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hancock Daniel Johnson & Nagle Pc Legal Services | 12/30/23 | $1,573,967 |
Change Healthcare Llc Billing Services | 12/30/23 | $846,077 |
Kemberton Healthcare Services Llc Billing Services | 12/30/23 | $618,282 |
Baker Tilly Us Llp Auditing & Consulting Services | 12/30/23 | $455,000 |
David P Nicholas Mercury Accounts Receiv Billing Services | 12/30/23 | $437,836 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $367,697 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,697 |
| Total Program Service Revenue | $128,228,513 |
| Investment income | $6,834,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$433,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,996,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $215,016 |
| 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. | $7,541,860 |
| Compensation of current officers, directors, key employees. | $70,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,894,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,704,906 |
| Payroll taxes | $4,255,567 |
| Fees for services: Management | $636,121 |
| Fees for services: Legal | $887,147 |
| Fees for services: Accounting | $364,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $394,583 |
| Fees for services: Other | $16,083,291 |
| Advertising and promotion | $2,451,696 |
| Office expenses | $3,730,793 |
| Information technology | $17,978,683 |
| Royalties | $0 |
| Occupancy | $3,580,445 |
| Travel | $606,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $160,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,011,112 |
| Insurance | $3,599,757 |
| All other expenses | $0 |
| Total functional expenses | $132,982,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,465,001 |
| Savings and temporary cash investments | $16,958,188 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,055,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,616,337 |
| Prepaid expenses and deferred charges | $11,973,168 |
| Net Land, buildings, and equipment | $34,744,239 |
| Investments—publicly traded securities | $198,643,220 |
| Investments—other securities | $227,436,501 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $548,892,209 |
| Accounts payable and accrued expenses | $31,090,444 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $30,170,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,180,849 |
| Total liabilities | $88,442,245 |
| Net assets without donor restrictions | $441,526,576 |
| Net assets with donor restrictions | $18,923,388 |
| 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 | $548,892,209 |
Grants Awarded
Over the last fiscal year, Mary Washington Healthcare has awarded $110,685 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GERMANNA COMMUNITY COLLEGE EDUCATION FOUNDATION INC PURPOSE: GENERAL SUPPORT | $25,000 |
RAPPAHANNOCK UNITED WAY PURPOSE: ENRICHMENT | $50,685 |
VA HEALTH CARE FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
FREDERICKSBURG VA MAIN STREET INC PURPOSE: GENERAL SUPPORT; EVENT SPONSORSHIP | $10,000 |
FREDERICKSBURG BRANCH NAACP PURPOSE: GENERAL SUPPORT; EVENT SPONSORSHIP | $9,500 |
THURMAN BRISBEN CENTER PURPOSE: GENERAL SUPPORT; EVENT SPONSORSHIP | $5,500 |