Franklin Square Hospital Center Inc
- Assets
- $352.9m
- Revenue
- $622.0m
- Investments
- $3.8m
- Employees
- 3,240
- Location
- Baltimore, MD
- Founding
- 02/1938
- Data as of
- 06/2021
- EIN
- 52-0608007
Organization Overview
Franklin Square Hospital Center Inc, operating under the name Medstar Franklin Square Medical Ctr, is located in Baltimore, MD. The organization was established in 1938. 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 06/2021, Medstar Franklin Square Medical Ctr employed 3,240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medstar Franklin Square Medical Ctr 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, Medstar Franklin Square Medical Ctr generated $622.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $614.0m during the year ending 06/2021. While expenses have increased by 3.2% per year over the past 6 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 2018, Medstar Franklin Square Medical Ctr has awarded 12 individual grants totaling $346,002. 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
SEE SCHEDULE O MEDSTAR FRANKLIN SQUARE MEDICAL CENTER, A MEMBER OF MEDSTAR HEALTH, PROVIDES THE HIGHEST QUALITY HEALTHCARE AND EDUCATION TO OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OMEDSTAR FRANKLIN SQUARE'S LARGEST PROGRAM IS ACCESS TO AND THE PROVISION OF ACUTE HOSPITAL SERVICES TO THE COMMUNITIES OF EASTERN BALTIMORE COUNTY, MARYLAND AND THE SURROUNDING AREAS. IN ADDITION TO THE PROGRAM SERVICE EXPENSES LISTED ABOVE, MEDSTAR FRANKLIN SQUARE INCURRED $88.6M OF MANAGEMENT AND GENERAL EXPENSES IN PROVIDING SERVICES TO ITS COMMUNITIES. MEDSTAR FRANKLIN SQUARE OFFERS CLINICAL SERVICES IN MEDICINE, SURGERY, ONCOLOGY, CARDIOLOGY (INCLUDING ANGIOPLASTY), OBSTETRICS AND GYNECOLOGY, PEDIATRICS, EMERGENCY SERVICES, BEHAVIORAL HEALTH, NEURO-STROKE CARE, AND A VARIETY OF AMBULATORY SERVICES. MEDSTAR FRANKLIN SQUARE EXPANDED CAPABILITIES IN THE TREATMENT OF NEUROVASCULAR/STROKE CARE WITH A NEUROVASCULAR CENTER, STROKE CARE CENTER, AND NEUROCARE ICU. MEDSTAR FRANKLIN SQUARE ALSO CONSTRUCTED A HELIPAD ON THE ROOF OF THE HOSPITAL TO FACILITATE PATIENT CARE. ACCREDITED BY THE JOINT COMMISSION, MEDSTAR FRANKLIN SQUARE IS PROUD TO HAVE EARNED SOME OF THE REGION'S AND NATION'S MOST PRESTIGIOUS HONORS AND ACCOLADES, INCLUDING: MAGNET DESIGNATION BY THE AMERICAN NURSES CREDENTIALING CENTER (ANCC) FOR EXCELLENCE IN NURSING; THE AMERICAN HEART ASSOCIATION'S "MISSION: LIFELINE - STEMI RECEIVING CENTER" GOLD AWARD; THE AMERICAN HEART ASSOCIATION/AMERICAN STROKE ASSOCIATION'S "GET WITH THE GUIDELINES" STROKE GOLD PLUS ACHIEVEMENT AWARD, THE CRIB FOR KIDS NATIONAL SAFE SLEEP HOSPITAL CERTIFICATION; BALTIMORE MAGAZINE RECOGNIZED 87 MEDSTAR HEALTH PHYSICIANS AS "TOP DOCTORS" IN NOVEMBER 2020; BALTIMORE MAGAZINE RECOGNIZED 5 MEDSTAR FRANKLIN SQUARE NURSES FOR EXCELLENCE IN NURSING; CARDIOPULMONARY REHABILITATION CERTIFIED BY THE AMERICAN ASSOCIATION OF CARDIOVASCULAR AND PULMONARY REHABILITATION; MARYLAND PATIENT SAFETY CENTER'S NEONATAL ABSTINENCE SYNDROME CENTER OF EXCELLENCE AWARD; NURSE IMPROVING CARE FOR HEALTHSYSTEM ELDERS (NICHE) SENIOR FRIENDLY, AND RECOGNITION BY HEALTHGRADES AS ONE OF THE NATION'S LEADING HOSPITALS.SINCE MARCH 2020, MEDSTAR HEALTH HAS CARED FOR 1 IN 4 COVID-19 PATIENTS IN THE REGION. OPERATING AS ONE MEDSTAR AND ALIGNING WITH GUIDANCE FROM THE CENTERS FOR DISEASE CONTROL AND PREVENTION (CDC) AND LOCAL DEPARTMENTS OF HEALTH, MEDSTAR HEALTH COVID-19 PREPARATIONS AND RESPONSE ARE GUIDED BY THREE CRITICAL DRIVERS: PROVIDING A SAFE CARE ENVIRONMENT FOR PATIENTS AND ASSOCIATES; MITIGATING COMMUNITY SPREAD OF COVID-19; AND ENSURING OPERATIONAL CONTINUITY TO FULFILL OUR CORE MISSION OF CARING FOR OUR COMMUNITIES.THESE EFFORTS HAVE EVOLVED AND TRANSITIONED IN MULTIPLE WAY THROUGHOUT THE DURATION OF THE COVID-19 PANDEMIC, LEADING TO A NUMBER OF INTEGRATED CARE APPROACHES IN PLACE TODAY: UTILIZATION OF MEDSTAR HEALTH URGENT CARE, EVISITS AND OUR DIGITAL CAPABILITIES TO CREATE ACCESS, RAPID STAND-UP OF TESTING SITES, USE OF TELEHEALTH FOR PRIMARY CARE AND FOLLOW-UP VISITS, UTILIZATION OF MEDSTAR HEALTH HOME CARE TO SAFELY MANAGE THE CARE CONTINUUM NEEDS FOR PATIENTS, DEPLOYMENT OF INNOVATIVE LABORATORY APPROACHES INTEGRATED WITH OCCUPATIONAL HEALTH TO BETTER SUPPORT ASSOCIATES MANAGING THROUGH COVID-19 EXPOSURES, STAND-UP OF A BUDDY PROGRAM WHERE NON-CLINICAL ASSOCIATES TAKE SHIFTS TO PROVIDE SUPPORT SERVICES FOR NURSING AND CARE TEAMS, ESTABLISHMENT OF COMMUNITY MOBILE UNITS AND CLINICS FOR COVID-19 VACCINATIONS/BOOSTERS, SUPPLY AND MAINTAIN PERSONAL PROTECTIVE EQUIPMENT (PPE), N95 RESPIRATORS, COVID-19 VACCINES AND BOOSTERS, EXECUTION OF A MANDATORY COVID-19 VACCINATION POLICY RESULTING IN 99% OF ASSOCIATES AND PHYSICIANS VACCINATED AGAINST COVID-19, AND ADMINISTRATION OF MORE THAN 253,000 COVID-19 VACCINATIONS/BOOSTERS ACROSS THE REGION.
MEDSTAR FRANKLIN SQUARE PROVIDED $35.0M IN SUBSIDIZED (MISSION DRIVEN) HEALTH SERVICES IN FISCAL YEAR 2021. THESE CRITICAL SERVICES, WHICH ARE DRIVEN BY COMMUNITY NEEDS, OPERATE AT A LOSS. THEY ADDRESS PRIORITIES PRIMARILY THROUGH DISEASE PREVENTION AND IMPROVEMENT OF HEALTH STATUS. SERVICES INCLUDE HOSPITALISTS AND WOMEN'S AND CHILDREN'S SERVICES.
MEDSTAR FRANKLIN SQUARE PROVIDED $20.8M IN HEALTH PROFESSIONS EDUCATION IN FISCAL YEAR 2021. THIS INCLUDES TRAINING IN GRADUATE MEDICAL EDUCATION, AND EDUCATION FOR PHYSICIANS, MEDICAL STUDENTS, NURSES, AND OTHER HEALTH PROFESSIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lisle MD Orthopedic Surgeon | 40 | $572,059 | |
Jerold Fleishman MD Neurologist | 40 | $479,524 | |
Stephen R Selinger MD Director (04/20-04/21) | Trustee | 40 | $467,679 |
Shweta Kurian Orthopedic Surgeon | 40 | $443,688 | |
Jill Johnson Sr. V.P. Of Operations (as Of 04/20) | 40 | $391,143 | |
Deborah Kisner Chief Nursing Officer | 40 | $294,531 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Staffing Services | 6/29/21 | $5,896,222 |
Crothall Svcs Group Environ. Svcs & Facilities Mgmt | 6/29/21 | $1,028,248 |
Sodexo Inc & Affiliates Food Services | 6/29/21 | $2,681,658 |
Vision Technologies Inc It Services | 6/29/21 | $1,253,130 |
Pulmonary & Critical Care Associates Medical Services | 6/29/21 | $2,407,328 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,223,726 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,322,020 |
| Noncash contributions included in lines 1a–1f | $6,067 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,545,746 |
| Total Program Service Revenue | $593,242,072 |
| Investment income | $70,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $544,346 |
| Net Gain/Loss on Asset Sales | $151,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $621,968,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,271 |
| Grants and other assistance to domestic individuals. | $91,954 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,255,181 |
| Compensation of current officers, directors, key employees. | $63,642 |
| Compensation to disqualified persons | $225,415 |
| Other salaries and wages | $277,300,895 |
| Pension plan accruals and contributions | $3,584,428 |
| Other employee benefits | $32,880,326 |
| Payroll taxes | $16,059,194 |
| Fees for services: Management | $58,834,682 |
| Fees for services: Legal | $170,138 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,039,097 |
| Advertising and promotion | $514,255 |
| Office expenses | $4,970,012 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,849,809 |
| Travel | $167,986 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,575 |
| Interest | $7,784,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,763,693 |
| Insurance | $14,116,870 |
| All other expenses | $20,624,182 |
| Total functional expenses | $613,996,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,010,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,019,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,069,508 |
| Prepaid expenses and deferred charges | $1,623,445 |
| Net Land, buildings, and equipment | $247,062,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,846,589 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,239,191 |
| Total assets | $352,871,142 |
| Accounts payable and accrued expenses | $31,132,883 |
| Grants payable | $0 |
| Deferred revenue | $3,393,220 |
| 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 | $135,243,028 |
| Total liabilities | $169,769,131 |
| Net assets without donor restrictions | $179,313,118 |
| Net assets with donor restrictions | $3,788,893 |
| 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 | $352,871,142 |
Grants Awarded
Over the last fiscal year, Franklin Square Hospital Center Inc has awarded $130,271 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Towson, MD PURPOSE: PEDIATRIC COMMUNITY HEALTH GRANT | $58,294 |
Arlington, VA PURPOSE: NICU SUPPORT PROGRAM COMMITMENT | $35,000 |
Baltimore, MD PURPOSE: PEDIATRIC COMMUNITY HEALTH GRANT | $25,550 |
Baltimore, MD PURPOSE: ENHANCED CHILDREN'S SERVICES PROJECT | $11,427 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Franklin Square Hospital Center Inc has recieved totaling $24,600.
| Awarding Organization | Amount |
|---|---|
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |
Tower Health Reading, PA | $1,567,530,050 | $562,187,138 |
Cabell Huntington Hospital Inc Huntington, WV | $1,087,986,142 | $722,910,695 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Kennedy University Hospital Inc Philadelphia, PA | $1,241,829,856 | $668,598,689 |
Franklin Square Hospital Center Inc Baltimore, MD | $352,871,142 | $621,968,540 |
Holy Cross Health Inc Silver Spring, MD | $1,036,467,989 | $628,720,499 |