Union Hospital Of Cecil County Oncology Inc
- Assets
- $3.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Elkton, MD
- Founding
- 02/2019
- Data as of
- 06/2021
- EIN
- 81-2662359
Organization Overview
Union Hospital Of Cecil County Oncology Inc is located in Elkton, MD. The organization was established in 2019. According to its NTEE Classification (E20) the organization is classified as: Hospitals, 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. Union Hospital Of Cecil County Oncology 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 06/2021, Union Hospital Of Cecil County Oncology Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 4 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RADIATION AND ONCOLOGY SERVICES AND OTHER RELATED CHARITABLE MEDICAL SERVICES TO CITIZENS OF CECIL COUNTY, MD AND NEIGHBORING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNION HOSPITAL OF CECIL COUNTY ONCOLOGY (THE "CORPORATION") WAS FORMED IN APRIL 2016. IT IS THE DUTY AND MISSION OF THE CORPORATION TO PROVIDE HIGH QUALITY, ADVANCED RADIATION ONCOLOGY SERVICES TO THE CECIL COUNTY AREA IN ORDER TO FOSTER THE BEST CANCER TREATMENT PROCESS CLOSE TO HOME. CANCER-RELATED DEATHS ARE AMONG THE HIGHEST CAUSES OF MORTALITY IN CECIL COUNTY, SO IT IS THE CORPORATION'S MISSION TO BRING SOME OF THE MOST ADVANCED RADIATION THERAPIES TO CECIL COUNTY TO PROVIDE THE MOST COMPREHENSIVE CANCER CARE POSSIBLE TO THE PEOPLE LIVING WITH CANCER HERE AND IN NEIGHBORING COMMUNITIES. BY OFFERING THESE ADVANCED CANCER TREATMENT OPTIONS, THE CORPORATION FURTHERS ITS CHARITABLE PURPOSE OF PROVIDING MEDICAL SERVICES TO PROMOTE THE HEALTH AND WELFARE OF THE RESIDENTS OF CECIL COUNTY AND NEIGHBORING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deron G Brown Sec'y & Treas (thru 12/31/20) | OfficerTrustee | 1 | $0 |
James G Raab Thru 100920 Chair - Senior VP & CFO | OfficerTrustee | 1 | $0 |
Richard C Szumel MD Pres & CEO (thru 12/31/20) | Officer | 1 | $0 |
Raymond Hamm Board Member (thru 12/31/20) | Trustee | 1 | $0 |
Dr Ryan Geracimos Chief Medical Officer | 1 | $0 | |
Affinity Health Alliance Inc Institutional Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Radiation Oncologists Pa Medical Staffing | 6/29/21 | $894,579 |
Varian Medical Systems Inc Equip. Maintenance | 6/29/21 | $327,768 |
Christiana Care Health Services In Medical Staffing | 6/29/21 | $1,326,443 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,035,455 |
| 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 | $1,035,455 |
| Total Program Service Revenue | $2,092,776 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,128,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,673,368 |
| Advertising and promotion | $0 |
| Office expenses | $48,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,066 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16 |
| Interest | $4,423 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $493,913 |
| Insurance | $5,072 |
| All other expenses | $68 |
| Total functional expenses | $3,849,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $265,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,103 |
| Net Land, buildings, and equipment | $2,819,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,212,149 |
| Accounts payable and accrued expenses | $492,696 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,866 |
| Total liabilities | $529,562 |
| Net assets without donor restrictions | $2,682,587 |
| 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 | $3,212,149 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Union Hospital Of Cecil County Oncology Inc has recieved totaling $1,035,000.
| Awarding Organization | Amount |
|---|---|
Affinity Health Alliance Inc Elkton, MD PURPOSE: CHARITABLE ACTIVITY | $1,035,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Shepherd Specialty Hospital Allentown, PA | $18,736,864 | $17,427,993 |
Tgch Inc Waynesburg, PA | $21,231,985 | $18,105,026 |
Virginia Hospital And Healthcare Association Richmond, VA | $19,880,672 | $18,293,974 |
Community Health And Dental Care Inc Pottstown, PA | $5,981,782 | $16,427,913 |
Federation Of American Hospitals Inc Washington, DC | $11,276,871 | $14,756,008 |
Americas Essential Hospitals Washington, DC | $37,184,506 | $14,169,058 |
Good Samaritan Hospice Inc Roanoke, VA | $13,418,274 | $13,966,596 |
Hospital For Extended Recovery Norfolk, VA | $9,743,183 | $9,382,345 |
Bucktail Medical Center Renovo, PA | $4,714,893 | $7,546,763 |
Pleasant Valley Medical Group Inc Point Pleasant, WV | $2,240,352 | $7,743,582 |
Lancaster General Health Holdings Inc Lancaster, PA | $17,607,282 | $10,533,333 |
District Of Columbia Hospital Association Washington, DC | $4,377,504 | $6,170,483 |