Adventist Healthcare Fort Washington Medical Center Inc is located in Gaithersburg, MD. The organization was established in 1947. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Adventist Healthcare Fort Washington Medical Center 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 12/2022, Adventist Healthcare Fort Washington Medical Center Inc generated $60.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 63.4% each year . All expenses for the organization totaled $60.6m during the year ending 12/2022. While expenses have increased by 65.3% per year over the past 4 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
HEALTH-CARE NETWORK: SERVICES SUCH AS ACUTE CARE, 24/7 EMERGENCY CARE, AND GENERAL SURGERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, ADVENTIST HEALTHCARE FORT WASHINGTON MEDICAL CENTER INC., AN ACUTE CARE HOSPITAL, PROVIDED MEDICAL AND SURGICAL SERVICES TO THE COMMUNITY. IN ADDITION, THEY PROVIDED BENEFITS TO THE COMMUNITY THAT INCLUDED, CHARITY CARE, COMMUNITY HEALTH EDUCATION, COMMUNITY WOUND CARE EDUCATION, COMMUNITY SPONSORSHIP OPPORTUNITIES, AND COMMUNITY ENGAGEMENT ACTIVITIES.THE HOSPITAL RECEIVED A "B" HOSPITAL SAFETY GRADE RATING BY THE LEAPFROG GROUP. CONTINUES ON SCHEDULE O.THE LEAPFROG GROUP, A NATIONAL WATCHDOG ORGANIZATION THAT USES ITS INFLUENCE TO FOSTER POSITIVE CHANGE IN HEALTH CARE HAS AWARDED ADVENTIST HEALTHCARE FORT WASHINGTON MEDICAL CENTER A "B" HOSPITAL SAFETY GRADE RATING, MAKING IT ONE OF THE SAFEST HOSPITALS IN MARYLAND. THIS IMPROVED RATING DEMONSTRATES THE PROGRESS MADE TO THE QUALITY OF CARE PROVIDED TO PATIENTS SINCE JOINING ADVENTIST HEALTHCARE. FORT WASHINGTON MEDICAL CENTER JOINED THE ADVENTIST HEALTHCARE SYSTEM IN 2019 AND HAS SINCE MADE TREMENDOUS STRIDES TO IMPROVE ITS DELIVERY OF CARE.IN OCTOBER 2019, ADVENTIST HEALTHCARE FORT WASHINGTON MEDICAL CENTER BECOME PART OF THE ADVENTIST HEALTHCARE SYSTEM. GIVEN THE CHANGES IN HEALTHCARE BOTH NATIONALLY AND IN MARYLAND, JOINING ADVENTIST HEALTHCARE ALLOWS ADVENTIST HEALTHCARE FORT WASHINGTON MEDICAL CENTER TO EXPAND ITS HIGH-QUALITY HEALTHCARE SERVICES IN PRINCE GEORGE'S COUNTY AND OVERCOME THE CHALLENGES OF OPERATING AS A STANDALONE COMMUNITY HOSPITAL.AN EXCITING MILESTONE OCCURRED IN JULY 2022 WHEN THE ORGANIZATION OFFICIALLY PURCHASED LAND THAT IS ENVISIONED TO SERVE AS THE FUTURE HOME OF ITS NEW HOSPITAL. THIS IS THE FIRST OF SEVERAL IMPORTANT STEPS IN THE HOSPITAL'S JOURNEY TOWARD EXCELLENCE AND CREATING A REGIONAL HEALTH CARE HUB AND ECONOMIC ENGINE FOR SOUTHWESTERN PRINCE GEORGE'S COUNTY. THE LAND IS LOCATED ABOUT TWO MILES FROM THE CURRENT HOSPITAL.IN COMBINATION WITH A GRANT RECEIVED FROM GILEAD SCIENCES, INC., ADVENTIST HEALTHCARE FORT WASHINGTON MEDICAL CENTER ADDRESSES THE HIV EPIDEMIC IN PRINCE GEORGE'S COUNTY AND HELPS PREVENT DEVELOPING COMPLICATIONS SUCH AS LIVER FAILURE, LIVER CANCER, AND CIRRHOSIS BROUGHT ON BY A HEPATITIS C DIAGNOSIS. THE PROGRAM ALSO ALLOWS FWMC TO ADMINISTER 20,000 HIV AND HEPATITIS C TESTS TO PATIENTS WHO COME THROUGH ITS EMERGENCY DEPARTMENT. THE PROGRAM HAS LINKED NEARLY 4,900 PATIENTS TO LIFE-SAVING CARE OR HEALTH INFORMATION AFTER BEING DIAGNOSED. THIS PROGRAM NOT ONLY PROVIDES DIAGNOSTIC AWARENESS, BUT IT ALSO PROVIDES NAVIGATIONAL SERVICES FOR FOLLOW UP AND CONTINUED CARE BASED ON THE TEST RESULTS.IN ADDITION, THE HOSPITAL WAS ACTIVE IN THE COMMUNITY, HOSTING A SERIES OF COMMUNITY CONVERSATIONS AND PARTICIPATING IN EVENTS THROUGHOUT THE YEAR INCLUDING FARMERS MARKETS AND CHURCH EVENTS. FREE BLOOD PRESSURE SCREENINGS WERE ADMINISTERED AT THESE COMMUNITY EVENTS AND HEALTH INFORMATION WAS DISTRIBUTED. THESE EVENTS ALSO ALLOW THE HOSPITAL TEAM AN OPPORTUNITY TO SOLICIT FEEDBACK ON THE SERVICES COMMUNITY MEMBERS WOULD LIKE TO SEE THE HOSPITAL PROVIDE PATIENTS.AMONG THE YEAR'S COMMUNITY CONTRIBUTIONS WAS A DONATION OF 300 YOUTH-SIZED FACE MASKS TO FORT FOOTE ELEMENTARY SCHOOL IN OCTOBER 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Terry Forde Chair; President & Ceo,ahc | OfficerTrustee | 2 | $0 |
John Sackett Vice Chair; Evp/coo,ahc | Trustee | 2 | $0 |
Kristen Pulio SVP & Cfo, Ahc | OfficerTrustee | 3 | $0 |
Eunmee Shim Secy.; President, Fwmc | OfficerTrustee | 40 | $0 |
Carlin Williams MD Board Member; Physician, Fwmc | Trustee | 40 | $0 |
Shaun Khosla MD Board Member; Physician, Fwmc | Trustee | 40 | $360,338 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Qualivis Llc Staffing/recruitment Services | 12/30/22 | $3,638,922 |
Quest Diagnostics Clinical Lab Services | 12/30/22 | $3,395,666 |
Usacs Integrated Acute Care Services Physician Providers | 12/30/22 | $1,291,235 |
Medpro Healthcare Staffing Staffing/recruitment Services | 12/30/22 | $1,048,324 |
North American Partners In Anesthesia Md Anesthesia Services | 12/30/22 | $670,504 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,074,929 |
All other contributions, gifts, grants, and similar amounts not included above | $375,599 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,450,528 |
Total Program Service Revenue | $57,312,863 |
Investment income | $11,554 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $60,774,945 |
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. | $703,718 |
Compensation of current officers, directors, key employees. | $703,718 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $24,115,296 |
Pension plan accruals and contributions | $554,056 |
Other employee benefits | $1,537,252 |
Payroll taxes | $1,827,022 |
Fees for services: Management | $31,056 |
Fees for services: Legal | $156,117 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $15,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $14,591,580 |
Advertising and promotion | $522,615 |
Office expenses | $373,086 |
Information technology | $984,817 |
Royalties | $0 |
Occupancy | $2,865,051 |
Travel | $186,365 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $34,818 |
Interest | $267,638 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,740,552 |
Insurance | $1,534,494 |
All other expenses | $0 |
Total functional expenses | $60,591,321 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $139,545 |
Savings and temporary cash investments | $3,543,120 |
Pledges and grants receivable | $1,012 |
Accounts receivable, net | $3,743,339 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $2,027,258 |
Inventories for sale or use | $1,149,713 |
Prepaid expenses and deferred charges | $259,748 |
Net Land, buildings, and equipment | $26,035,010 |
Investments—publicly traded securities | $104,767 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $22,293,069 |
Total assets | $59,296,581 |
Accounts payable and accrued expenses | $16,623,325 |
Grants payable | $0 |
Deferred revenue | $14,805 |
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 | $5,737,608 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $24,356,577 |
Total liabilities | $46,732,315 |
Net assets without donor restrictions | $12,196,910 |
Net assets with donor restrictions | $367,356 |
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 | $59,296,581 |