Sinai Hospital Of Baltimore Inc
- Assets
- $634.4m
- Revenue
- $853.4m
- Investments
- $90.1m
- Employees
- 5,408
- Location
- Baltimore, MD
- Founding
- 02/1936
- Data as of
- 06/2020
- EIN
- 52-0486540
Organization Overview
Sinai Hospital Of Baltimore Inc is located in Baltimore, MD. The organization was established in 1936. 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 06/2020, Sinai Hospital Of Baltimore Inc employed 5,408 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Sinai Hospital Of Baltimore Inc generated $853.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $793.6m during the year ending 06/2020. While expenses have increased by 2.0% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY PATIENT CARE, EDUCATE MEDICAL STUDENTS & RESIDENTS, AND ENGAGE IN MEDICAL RESEARCH TO IMPROVE THE LIVES OF OUR PATIENTS AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINAI HOSPITAL OF BALTIMORE, INC. IS RESPONSIBLE FOR THE MANAGEMENT AND DAY-TO-DAY OPERATIONS OF THE HOSPITAL. THE HOSPITAL OPERATES A 504-BED TERTIARY HOSPITAL THAT IS COMMITTED TO EXCELLENCE IN PATIENT CARE, TEACHING, AND RESEARCH. THE HOSPITAL IS THE LEADING PROVIDER OF INPATIENT AND OUTPATIENT HOSPITAL SERVICES FOR THE RESIDENTS OF NORTHWEST BALTIMORE CITY AND ALSO DRAWS PATIENTS FROM SURROUNDING COMMUNITIES AND AROUND THE REGION AND THE WORLD. THE HOSPITAL HAD MORE THAN 17,000 INPATIENT ADMISSIONS AND MORE THAN 60,000 EMERGENCY ROOM VISITS. THE HOSPITAL HAS A GENEROUS FINANCIAL ASSISTANCE PROGRAM TO ASSIST PATIENTS WHO LACK THE RESOURCES TO PAY FOR THEIR CARE. THE HOSPITAL PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. THE HOSPITAL DOES NOT PURSUE THE COLLECTION OF THESE AMOUNTS.
LIFEBRIDGE CARDIOLOGY AT QUARRY LAKE LLC PROVIDES CARE TO PATIENTS IN THE HOSPITAL AND IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Delanois MD Physician | 40 | $1,431,030 | |
James Nace DO Physician | 40 | $1,366,788 | |
Mark R Katlic MD Director | Trustee | 40 | $1,338,753 |
Ali Tabrizchi DO Physician | 40 | $1,135,213 | |
Peter Cho MD Surgeon | 40 | $1,095,473 | |
Fouad Abbas MD Physician | 40 | $967,876 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz Culinary Management Food Services | 6/29/20 | $5,564,479 |
Crothall Healthcare Cleaning Services | 6/29/20 | $2,138,314 |
Laboratory Corp Of America Laboratory Services | 6/29/20 | $1,433,408 |
University Of Maryland Healthcare Services | 6/29/20 | $1,271,748 |
Pediatrix Of Maryland Pediatric Medicine | 6/29/20 | $1,066,525 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $105,721 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,830,129 |
| Government grants | $21,012,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,866,070 |
| Noncash contributions included in lines 1a–1f | $44,785 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,814,442 |
| Total Program Service Revenue | $773,466,103 |
| Investment income | $9,796,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $214,885 |
| Net Gain/Loss on Asset Sales | $10,860,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $35,660 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $853,444,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,377 |
| 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. | $3,343,467 |
| Compensation of current officers, directors, key employees. | $905,920 |
| Compensation to disqualified persons | $28,168 |
| Other salaries and wages | $345,771,783 |
| Pension plan accruals and contributions | $12,589,290 |
| Other employee benefits | $43,194,285 |
| Payroll taxes | $24,194,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,963 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $112,045 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $831,292 |
| Fees for services: Other | $86,597,591 |
| Advertising and promotion | $679,343 |
| Office expenses | $11,702,992 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,014,755 |
| Travel | $191,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $992,083 |
| Interest | $11,045,184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,932,928 |
| Insurance | $7,008,481 |
| All other expenses | $0 |
| Total functional expenses | $793,621,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,341 |
| Savings and temporary cash investments | $74,590,931 |
| Pledges and grants receivable | $6,153,838 |
| Accounts receivable, net | $85,839,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,663 |
| Inventories for sale or use | $29,557,701 |
| Prepaid expenses and deferred charges | $7,292,920 |
| Net Land, buildings, and equipment | $208,863,814 |
| Investments—publicly traded securities | $21,728,424 |
| Investments—other securities | $90,056,702 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,183,103 |
| Total assets | $634,395,634 |
| Accounts payable and accrued expenses | $105,391,434 |
| Grants payable | $0 |
| Deferred revenue | $97,446,638 |
| 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 | $322,787,357 |
| Total liabilities | $525,625,429 |
| Net assets without donor restrictions | $59,974,220 |
| Net assets with donor restrictions | $48,795,985 |
| 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 | $634,395,634 |
Grants Awarded
Over the last fiscal year, Sinai Hospital Of Baltimore Inc has awarded $55,377 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $30,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $19,377 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 33 grants that Sinai Hospital Of Baltimore Inc has recieved totaling $2,958,227.
| Awarding Organization | Amount |
|---|---|
Family League Of Baltimore City Inc Baltimore, MD | | $514,328 |
Gottschalk Foundation Inc Baltimore, MD PURPOSE: TO PROVIDE GENERAL FINANCIAL SUPPORT | $339,190 |
Herman & Walter Samuelson Foundation Inc Towson, MD PURPOSE: RACE FOR THE KIDS | $300,000 |
Herman & Walter Samuelson Foundation Inc Towson, MD PURPOSE: RACE FOR THE KIDS | $300,000 |
Family League Of Baltimore City Inc Baltimore, MD | | $216,055 |
Herman & Walter Samuelson Foundation Inc Towson, MD PURPOSE: RACE FOR THE KIDS | $200,000 |
Endowment Analysis
| Beg. Balance | $12,851,827 |
| Earnings | -$577 |
| Net Contributions | $638,229 |
| Other Expense | $111 |
| Ending Balance | $13,489,368 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reading Hospital Reading, PA | $1,183,713,752 | $1,035,019,113 |
St Lukes Hospital Allentown, PA | $2,817,061,751 | $982,677,854 |
Abington Memorial Hospital Philadelphia, PA | $957,526,497 | $866,047,638 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $812,689,177 | $973,479,342 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $634,395,634 | $853,444,961 |
Tower Health Reading, PA | $1,916,208,118 | $534,049,241 |
Mary Washington Healthcare Fredericksburg, VA | $475,223,962 | $734,167,988 |
Bayhealth Medical Center Inc Dover, DE | $1,383,876,273 | $741,287,947 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Kennedy University Hospital Inc Philadelphia, PA | $1,169,795,148 | $577,049,990 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Cabell Huntington Hospital Inc Huntington, WV | $976,233,779 | $690,489,003 |