Carroll Hospital Center Inc
- Assets
- $464.0m
- Revenue
- $273.8m
- Investments
- $116.6m
- Employees
- 1,988
- Location
- Westminster, MD
- Founding
- 10/1990
- Data as of
- 06/2021
- EIN
- 52-1452024
Organization Overview
Carroll Hospital Center Inc is located in Westminster, MD. The organization was established in 1990. 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, Carroll Hospital Center Inc employed 1,988 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll Hospital 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 06/2021, Carroll Hospital Center Inc generated $273.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $240.7m during the year ending 06/2021. While expenses have increased by 1.8% 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 2016, Carroll Hospital Center Inc has awarded 16 individual grants totaling $7,672,328. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR COMMUNITIES EXPECT AND DESERVE SUPERIOR MEDICAL TREATMENT, COMPASSIONATE CARE, AND EXPERT GUIDANCE IN MAINTAINING THEIR HEALTH AND WELL-BEING. (CONTINUED IN SCH O)
Describe the Organization's Program Activity:
SEE SCHEDULE O
CARROLL COUNTY RADIOLOGY - PROVIDING A FULL ARRAY OF RADIOLOGY SERVICES TO PATIENTS IN THE CARROLL COUNTY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Qiwei Gai Physician | 40 | $670,175 | |
Darlene Gabeau Physician | 40 | $634,059 | |
Jed S Rosen MD Chief Of Surgery | Officer | 40 | $480,300 |
Marlana Ottinger Physician | 40 | $453,941 | |
Stephanie J Reid Cno/vp Patient Care Services | Officer | 40 | $389,260 |
Sharon L Mcclernan VP Of Clinical Integration | Officer | 40 | $282,366 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alteon Health Llc Physician Services | 6/29/21 | $3,211,527 |
Carroll County Anesthesia Associate Anesthesia Services | 6/29/21 | $3,200,000 |
Obhg Maryland Pc Physician Services | 6/29/21 | $1,727,086 |
Md Sportscare Rehabilitation Llc Rehabilitation Svcs | 6/29/21 | $2,256,824 |
University Of Md Physicians Pa Physician Services | 6/29/21 | $2,041,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,457,696 |
| Government grants | $7,285,374 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,789,736 |
| Total Program Service Revenue | $247,918,374 |
| Investment income | $5,772,142 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $519,994 |
| Net Gain/Loss on Asset Sales | $5,001,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,841,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,276,000 |
| 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. | $1,290,031 |
| Compensation of current officers, directors, key employees. | $391,845 |
| Compensation to disqualified persons | $305,690 |
| Other salaries and wages | $100,862,831 |
| Pension plan accruals and contributions | $1,528,017 |
| Other employee benefits | $20,370,623 |
| Payroll taxes | $6,942,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $57,867 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $435,854 |
| Fees for services: Other | $52,890,730 |
| Advertising and promotion | $596,061 |
| Office expenses | $3,540,867 |
| Information technology | $49,358 |
| Royalties | $0 |
| Occupancy | $2,717,260 |
| Travel | $80,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,610,386 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,903,177 |
| Insurance | $669,282 |
| All other expenses | $2,264,216 |
| Total functional expenses | $240,653,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,475 |
| Savings and temporary cash investments | $59,640,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,340,587 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,148,662 |
| Prepaid expenses and deferred charges | $910,990 |
| Net Land, buildings, and equipment | $139,063,867 |
| Investments—publicly traded securities | $74,582 |
| Investments—other securities | $116,569,794 |
| Investments—program-related | $28,670,049 |
| Intangible assets | $8,828,785 |
| Other assets | $85,787,211 |
| Total assets | $464,037,898 |
| Accounts payable and accrued expenses | $152,457,216 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,695,000 |
| 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 | $54,646,154 |
| Total liabilities | $210,798,370 |
| Net assets without donor restrictions | $193,576,069 |
| Net assets with donor restrictions | $59,663,459 |
| 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 | $464,037,898 |
Grants Awarded
Over the last fiscal year, Carroll Hospital Center Inc has awarded $1,276,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Westminster, MD PURPOSE: SEE PART IV | $1,086,000 |
Westminster, MD PURPOSE: SEE PART IV | $190,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Carroll Hospital Center Inc has recieved totaling $24,353.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: SPECIAL PROJECT | $14,300 |
Community Foundation Of Carroll County Inc Westminster, MD PURPOSE: PHILANTHROPY | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Endowment Analysis
| Beg. Balance | $84,992,485 |
| Earnings | $24,025,800 |
| Net Contributions | $5,000 |
| Other Expense | $2,136,642 |
| Grants | $13,500 |
| Ending Balance | $106,873,143 |
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 |