Calverthealth Medical Center Inc
- Assets
- $144.7m
- Revenue
- $143.0m
- Investments
- $230.0k
- Employees
- 1,242
- Location
- Prince Frederick, MD
- Founding
- 05/1943
- Data as of
- 06/2020
- EIN
- 52-0619000
Organization Overview
Calverthealth Medical Center Inc is located in Prince Frederick, MD. The organization was established in 1943. 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, Calverthealth Medical Center Inc employed 1,242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calverthealth 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 06/2020, Calverthealth Medical Center Inc generated $143.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $137.4m during the year ending 06/2020. While expenses have increased by 1.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CALVERTHEALTH MEDICAL CENTER PROVIDES QUALITY INPATIENT AND AMBULATORY HEALTH CARE TO THE PEOPLE OF SOUTHERN MARYLAND THAT IS ACCESSIBLE, COST-EFFECTIVE AND COMPASSIONATE. CHMC WORKS IN PARTNERSHIP WITH THE COMMUNITY TO IMPROVE THE HEALTH STATUS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALVERTHEALTH MEDICAL CENTER'S MISSION IS FOR THE CHARITABLE PURPOSE OF PROVIDING SAFE, HIGH QUALITY INPATIENT AND AMBULATORY HEALTH CARE SERVICES TO THE CITIZENS OF SOUTHERN MARYLAND THAT IS ACCESSIBLE, COST EFFECTIVE AND COMPASSIONATE. THE HOSPITAL WORKS IN PARTNERSHIP WITH THE COMMUNITY TO IMPROVE THE HEALTH STATUS OF ITS MEMBERS. THE HOSPITAL PROVIDES MEDICAL SERVICES TO PATIENTS REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. IN FY 2021, THE HOSPITAL SERVED 5,879 INPATIENTS, 30,288 OUTPATIENTS AND PROVIDED 30,906 EMERGENCY ROOM VISITS. IN ADDITION TO THE INPATIENTS SERVED, THE HOSPITAL ALSO TREATED 2,521 MEDICAL OBSERVATION PATIENTS. FOR FY 2021, THE HOSPITAL FILED WITH THE STATE OF MARYLAND A COMMUNITY BENEFIT REPORT THAT DOCUMENTED $21,137,843 IN COMMUNITY BENEFIT PROVIDED BY CALVERTHEALTH MEDICAL CENTER. THE COMMUNITY BENEFIT REPORT IS AVAILABLE UPON REQUEST. ALL FINANCIAL SURPLUSES THE HOSPITAL GENERATES ARE USED EXCLUSIVELY TO FURTHER THE CHARITABLE PURPOSES OF THE ORGANIZATION. THE HOSPITAL IS GOVERNED BY A COMMUNITY BOARD COMPRISED OF CIVIC LEADERS THROUGHOUT CALVERT COUNTY WHO ARE COMMITTED TO AND REPRESENT THE HEALTHCARE NEEDS OF THE COMMUNITY. THE HOSPITAL IN FY 2021 PROVIDED OVER $3,510,458 IN CHARITY CARE WITH A COST TO THE HOSPITAL OF $2,585,959 TO RESIDENTS WHO WERE UNABLE TO PAY FOR THOSE SERVICES AND MET ELIGIBILITY CRITERIA. THE HOSPITAL, AS A SOLE COMMUNITY PROVIDER, PROVIDES ESSENTIAL HEALTHCARE SERVICES SUCH AS OBSTETRICS, PSYCHIATRY (BOTH INPATIENT AND OUTPATIENT), EMERGENCY SERVICES, URGENT CARE AND LONG-TERM CARE THAT OTHERWISE WOULD NOT BE PROVIDED WITHIN CALVERT COUNTY OR WOULD HAVE TO BE PROVIDED BY THE GOVERNMENT. MANY OF THESE SERVICES BY THEIR NATURE ARE UNPROFITABLE SERVICES DUE TO THEIR HIGH COST AND LOW REIMBURSEMENT. THESE SERVICES WOULD NOT BE PROVIDED IF THE HOSPITAL DID NOT STEP IN TO PROVIDE THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Teague President & CEO | OfficerTrustee | 40 | $820,453 |
Anthony Bladen Chief Operating Officer | Officer | 40 | $522,016 |
Carolyn Heithaus VP Finance & CFO | Officer | 40 | $428,584 |
Theodore Tsangaris MD VP - Medical Affairs | Officer | 40 | $421,081 |
Lisa Broome VP - Human Resources | Officer | 40 | $319,482 |
Diane Couchman VP - Cno/clinical Services | Officer | 40 | $266,910 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hitt Contracting Inc Building Contractor Services | 6/29/21 | $4,799,749 |
Calvert Internal Medicine Group Pa Physician Medical Director & Clinical Se | 6/29/21 | $704,053 |
L2 Construction Management Corporation Contractor Services | 6/29/21 | $2,180,615 |
Mdics At Calvert Llc Hospitalist | 6/29/21 | $2,400,170 |
North American Partners In Anesthesia Anesthesia Services | 6/29/21 | $1,974,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,376 |
| Investment income | $83,289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $475,802 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,021,386 |
| Statement of Expenses | |
|---|---|
| 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. | $3,260,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,636,673 |
| Pension plan accruals and contributions | $1,859,873 |
| Other employee benefits | $4,257,134 |
| Payroll taxes | $4,598,557 |
| Fees for services: Management | $555,498 |
| Fees for services: Legal | $236,921 |
| Fees for services: Accounting | $306,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,026,018 |
| Advertising and promotion | $197,936 |
| Office expenses | $5,803,792 |
| Information technology | $4,942,536 |
| Royalties | $0 |
| Occupancy | $2,864,112 |
| Travel | $57,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,462 |
| Interest | $2,304,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,699,676 |
| Insurance | $1,809,424 |
| All other expenses | $0 |
| Total functional expenses | $137,396,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,835,722 |
| Savings and temporary cash investments | $364,284 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,903,943 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $738,740 |
| Inventories for sale or use | $2,913,896 |
| Prepaid expenses and deferred charges | $3,435,815 |
| Investments—publicly traded securities | $2,307,397 |
| Investments—other securities | $229,972 |
| Investments—program-related | $10,355,036 |
| Intangible assets | $0 |
| Other assets | $7,699,533 |
| Total assets | $144,716,415 |
| Accounts payable and accrued expenses | $15,670,309 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $57,609,643 |
| 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 | $13,614,659 |
| Total liabilities | $86,894,611 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $57,821,804 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Calverthealth Medical Center Inc has recieved totaling $125,013.
| Awarding Organization | Amount |
|---|---|
Chesapeake-Potomac Home Health Agency Inc Hughesville, MD PURPOSE: To Support Health Care | $125,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
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 |