Suburban Hospital Healthcare System Inc
- Assets
- $78.5m
- Revenue
- $1.1m
- Investments
- $33.9m
- Employees
- 1
- Location
- Baltimore, MD
- Founding
- 12/1997
- Data as of
- 06/2020
- EIN
- 52-2052354
Organization Overview
Suburban Hospital Healthcare System Inc is located in Baltimore, MD. The organization was established in 1997. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suburban Hospital Healthcare System 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, Suburban Hospital Healthcare System Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2020. 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
THE ACTIVITIES OF SHHS ARE CONDUCTED TO SUPPORT THE NON-PROFIT HEALTHCARE MISSION OF SUBURBAN HOSPITAL, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITIES OF SHHS ARE CONDUCTED TO SUPPORT THE NON-PROFIT HEALTHCARE MISSION OF SUBURBAN HOSPITAL, INC. SHHS PROVIDES SUPPORT TO A RELATED HEALTHCARE OPERATION, JOHNS HOPKINS SURGERY CENTERS SERIES (JHSCS) WHICH IS ALSO RELATED TO SUBURBAN HOSPITAL, INC. THESE SERVICES ARE DESIGNED TO COMPLEMENT AND ENHANCE THOSE SERVICES IN THE INPATIENT ACUTE CARE SETTING OF SUBURBAN HOSPITAL, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacky Schultz President/trustee | OfficerTrustee | 1 | $0 |
Kevin W Sowers Msn RN Faa Corporate Vice Chairman | OfficerTrustee | 1 | $0 |
Carolyn Carpenter Mha Fache President/trustee | OfficerTrustee | 1 | $0 |
Leighann Sidone RN VP Nursing & Cno | Officer | 1 | $0 |
Peter B Mancino ESQ Secretary | Officer | 1 | $0 |
Marty Basso Sr VP Finance & Tresurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grantham Mayo Van Otterloo And Co Investment Management | 6/29/20 | $115,149 |
Restoration East Llc Contracting Company | 6/29/20 | $770,374 |
Restoration East Llc Contracting Company | 6/29/20 | $770,374 |
Grantham Mayo Van Otterloo And Co Investment Management | 6/29/20 | $115,149 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $802,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,945,569 |
| Net Gain/Loss on Asset Sales | -$195,254 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,060,639 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $580,799 |
| Pension plan accruals and contributions | $24,406 |
| Other employee benefits | $64,894 |
| Payroll taxes | $49,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $351 |
| Advertising and promotion | $0 |
| Office expenses | $499,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229,510 |
| Travel | $477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,064 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,073,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,393 |
| Savings and temporary cash investments | $200,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $469,925 |
| Investments—publicly traded securities | $15,876,414 |
| Investments—other securities | $33,941,826 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,367,397 |
| Total assets | $78,507,387 |
| Accounts payable and accrued expenses | $404,781 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $25,301,714 |
| Total liabilities | $25,706,495 |
| 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 | $52,800,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Concordia Lutheran Ministriesfoundation Cabot, PA | $226,432,111 | $36,499,919 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
The Medical Trust Philadelphia, PA | $200,270,282 | $19,932,215 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |
Meadville Physician Services Meadville, PA | $881,985 | $6,590,657 |
Fauquier Hospital Endowment Fund Under Trust Agreement With Dated 1 Charlottesville, VA | $0 | $393,399 |