Mary Washington Healthcare
- Assets
- $593.7m
- Revenue
- $863.4m
- Investments
- $2.2m
- Employees
- 4,655
- Location
- Fredericksburg, VA
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 20-1106426
Organization Overview
Mary Washington Healthcare is located in Fredericksburg, VA. The organization was established in 2004. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Mary Washington Healthcare employed 4,655 individuals. This organization is a subordinate organization within 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 12/2021, Mary Washington Healthcare generated $863.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $839.4m during the year ending 12/2021. While expenses have increased by 5.3% 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.
Since 2014, Mary Washington Healthcare has awarded 214 individual grants totaling $13,168,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE HEALTH OF PEOPLE IN THE COMMUNITIES WE SERVE. THROUGH OUR SUBSIDIARIES WE PROVIDE INPATIENT AND OUTPATIENT HOSPITAL SERVICES AND OTHER MEDICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF INPATIENT AND OUTPATIENT GENERAL ACUTE CARE HOSPITAL, PSYCHIATRIC HOSPITAL SERVICES, HOME HEALTH AND HOSPICE SERVICES, IMAGING AND AMBULATORY SURGERY SERVICES AND PHYSICIAN SERVICES. PRIMARY SERVICE AREAS ARE FREDERICKSBURG, PRINCE WILLIAM, STAFFORD, SPOTSYLVANIA, CAROLINE, KING GEORGE, AND WESTMORELAND COUNTIES IN VIRGINIA AND SECONDARY SERVICE AREAS INCLUDE MANASSAS, FAUQUIER, CULPEPER, ORANGE, LOUISA, HANOVER, ESSEX AND RICHMOND COUNTIES IN VIRGINIA. WE SERVED 111,411 PATIENTS IN OUR EMERGENCY ROOMS, 365,508 OUTPATIENTS, 19,508 SURGICAL CASES AND 36,530 PATIENT DISCHARGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Agostino Visioni MD Physician | 40 | $872,688 | |
Sang Ho Na MD Physician | 40 | $863,719 | |
J T Sherwood MD Physician | 40 | $788,859 | |
Muhammad Asif Physician | 40 | $625,081 | |
Bradford King MD Physician/trustee | Trustee | 40 | $560,918 |
Stephen Mandell MD Vice President | Officer | 40 | $538,341 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pulmonary Associates Of Fredericksburg Physician Services | 12/30/21 | $3,065,898 |
Commonwealth Spine & Rehab Physician Services | 12/30/21 | $2,974,209 |
Fredericksburg Orthopaedic Associates Physician Services | 12/30/21 | $10,187,587 |
Armg Llc Professional Services - Physical Therapy | 12/30/21 | $3,513,023 |
Gaertner Psychiatric Pc Physician Services | 12/30/21 | $3,261,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $186,941 |
| Related organizations | $693,633 |
| Government grants | $19,252,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,552,474 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,685,151 |
| Total Program Service Revenue | $836,207,613 |
| Investment income | $2,294,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,030,819 |
| Net Income from Fundraising Events | $2,775 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $863,388,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,149,487 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,127,276 |
| Compensation of current officers, directors, key employees. | $173,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,410,514 |
| Pension plan accruals and contributions | $4,026,258 |
| Other employee benefits | $21,340,738 |
| Payroll taxes | $17,150,320 |
| Fees for services: Management | $118,146,008 |
| Fees for services: Legal | $23,337 |
| Fees for services: Accounting | $10,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,280 |
| Fees for services: Other | $127,966,041 |
| Advertising and promotion | $116,333 |
| Office expenses | $5,373,140 |
| Information technology | $1,301,600 |
| Royalties | $0 |
| Occupancy | $21,986,165 |
| Travel | $1,808,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218,830 |
| Interest | $506,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,394,518 |
| Insurance | $3,901,177 |
| All other expenses | $5,877,829 |
| Total functional expenses | $839,397,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,275 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,685,491 |
| Accounts receivable, net | $189,433,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,141 |
| Inventories for sale or use | $18,736,466 |
| Prepaid expenses and deferred charges | $5,361,239 |
| Net Land, buildings, and equipment | $285,293,169 |
| Investments—publicly traded securities | $72,250,366 |
| Investments—other securities | $2,161,653 |
| Investments—program-related | $0 |
| Intangible assets | $10,760 |
| Other assets | $0 |
| Total assets | $593,675,918 |
| Accounts payable and accrued expenses | $123,595,295 |
| Grants payable | $0 |
| Deferred revenue | $22,285 |
| Tax-exempt bond liabilities | $200,214,220 |
| 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 | $29,607,243 |
| Total liabilities | $353,439,043 |
| Net assets without donor restrictions | $220,491,678 |
| Net assets with donor restrictions | $19,745,197 |
| 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 | $593,675,918 |
Grants Awarded
Over the last fiscal year, Mary Washington Healthcare has awarded $1,395,805 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Fredericksburg, VA PURPOSE: FREE HEALTH CLINIC | $600,000 |
Fredericksburg, VA PURPOSE: RESIDENTIAL RECOVERY PROGRAM | $130,000 |
Fredericksburg, VA PURPOSE: UNINSURED PATIENT PROGRAM | $100,000 |
GERMANNA COMMUNITY COLLEGE PURPOSE: NURSING PROGRAM EXPANSION | $100,000 |
Colonial Beach, VA PURPOSE: FREE HEALTH CLINIC | $75,000 |
New Canton, VA PURPOSE: PATIENT EDUCATION AND CASE MANAGEMENT | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mary Washington Healthcare has recieved totaling $23,500.
| Awarding Organization | Amount |
|---|---|
Virginia Hospital Research And Education Foundation Richmond, VA PURPOSE: COMMUNITY HEALTH WORKER MINI GRANT | $23,000 |
William M And Alyce Cafaro Family Foundation Niles, OH PURPOSE: GENERAL PURPOSE | $500 |
Endowment Analysis
| Beg. Balance | $7,605,785 |
| Earnings | $383,359 |
| Grants | $38,598 |
| Ending Balance | $7,950,546 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Cabell Huntington Hospital Inc Huntington, WV | $1,087,986,142 | $722,910,695 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Franklin Square Hospital Center Inc Baltimore, MD | $352,871,142 | $621,968,540 |
Ashland Hospital Corporation Ashland, KY | $776,253,929 | $734,768,924 |
University Medical Center Inc Louisville, KY | $770,505,785 | $636,566,362 |