Overview
What is Frederick Health Hospital Inc?
Frederick Health Hospital Inc, a 298-bed, private not-for-profit institution located at the heart of the Frederick Regional Health System, is dedicated to enhancing the well-being of every individual within their community. The hospital, with its mission to positively impact people's health, offers education on healthy lifestyle choices and disease prevention. As the central hub of the health system, Frederick Memorial Hospital is committed to providing quality care while striving for continued growth and improvement.
Official website here: www.frederickhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Frederick Health Hospital Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The overall score is based exclusively on their accountability measures, highlighting their commitment to transparency and responsible management of resources. The hospital boasts a high percentage of independent board members and has well-established policies regarding conflicts of interest and whistleblowing.
The organization demonstrates excellent financial oversight, as evidenced by their perfect score in audit and oversight committees, alongside a low material diversion of assets, indicating that funds are used appropriately for mission-related activities. Their program expense ratio is impressive, with a significant portion of their budget directed toward programs rather than administrative costs.
While the hospital's financial liabilities are noted, it maintains a manageable liabilities to assets ratio of 55.90%. This indicates a healthy balance and suggests that while they have obligations, they are not excessive. Overall, Frederick Health Hospital Inc shows strong governance and financial practices, although stakeholders may want to keep an eye on the liabilities as part of their ongoing assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Frederick Health Hospital Inc legitimate?
Frederick Health Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frederick Health Hospital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,558,891
Professional Fundraising Fees: $36,000
Other Salaries and Wages: $170,588,681
For more financial information, click here
Official website here: www.frederickhealth.org
What is the mission statement of Frederick Health Hospital Inc?
Frederick Health Hospital Inc is dedicated to making a positive impact on the well-being of every individual within their community. The mission of this not-for-profit organization is to offer education on healthy lifestyle choices and disease prevention. With a capacity of 298 beds, the hospital serves as the central hub of the Frederick Regional Health System. By focusing on the overall wellness of community members, Frederick Health Hospital Inc aims to create a healthier population and enhance the quality of life for all. Their commitment extends beyond medical care, as they strive to be a leading resource for promoting health and preventing illness.
Official website here: www.frederickhealth.org
Who is the CEO of Frederick Health Hospital Inc?
Thomas A Kleinhanzl is the CEO of Frederick Health Hospital Inc The CEO's salary of Frederick Health Hospital Inc is $1,134,727 and their total compensation is $1,501,183.
Official website here: www.frederickhealth.org
What is the revenue of Frederick Health Hospital Inc?
Frederick Health Hospital Inc's revenue in 2023 was $408,211,654.
Official website here: www.frederickhealth.org
Who are the executives of Frederick Health Hospital Inc and what are their salaries?
The average compensation at Frederick Health Hospital Inc during 2023 was $50,759. There are 3490 employees and 372 volunteers at Frederick Health Hospital Inc.
Here are 47 key members and their salaries (Frederick Health Hospital Inc's CEO's salary is $1,134,727 and their total compensation is $1,501,183):
- Compensation: $1,134,727
- Related: $0
- Other: $366,456
- Compensation: $643,631
- Related: $0
- Other: $44,464
- Compensation: $598,776
- Related: $0
- Other: $70,053
- Compensation: $0
- Related: $574,270
- Other: $30,273
- Compensation: $391,111
- Related: $0
- Other: $46,751
- Compensation: $392,804
- Related: $0
- Other: $23,832
- Compensation: $344,647
- Related: $0
- Other: $29,363
- Compensation: $339,533
- Related: $0
- Other: $28,666
- Compensation: $342,289
- Related: $0
- Other: $18,670
- Compensation: $332,725
- Related: $0
- Other: $14,090
- Compensation: $310,612
- Related: $0
- Other: $28,704
- Compensation: $311,495
- Related: $0
- Other: $24,277
- Compensation: $320,606
- Related: $0
- Other: $10,413
- Compensation: $291,268
- Related: $0
- Other: $30,545
- Compensation: $270,488
- Related: $0
- Other: $28,971
- Compensation: $277,728
- Related: $0
- Other: $16,198
- Compensation: $277,758
- Related: $0
- Other: $0
- Compensation: $267,711
- Related: $0
- Other: $0
- Compensation: $232,050
- Related: $0
- Other: $24,352
- Compensation: $244,412
- Related: $0
- Other: $5,357
- Compensation: $211,983
- Related: $0
- Other: $27,006
- Compensation: $220,355
- Related: $0
- Other: $10,976
- Compensation: $196,922
- Related: $0
- Other: $26,264
- Compensation: $191,485
- Related: $0
- Other: $23,975
- Compensation: $153,312
- Related: $0
- Other: $23,074
- Compensation: $30,402
- Related: $0
- Other: $0
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Official website here: www.frederickhealth.org
Where can I find the form 990 for Frederick Health Hospital Inc?
Frederick Health Hospital Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.frederickhealth.org
Learn more at the official website: www.frederickhealth.org
Mission Statement of Frederick Health Hospital Inc
Frederick Health Hospital Inc, a private, not-for-profit organization, is dedicated to positively impacting the well-being of every individual in the community. As the centerpiece of the Frederick Regional Health System, the hospital offers more than just healthcare services, focusing on education and disease prevention through healthy lifestyle choices.
The mission of Frederick Health Hospital Inc is multifaceted. At its core, the organization strives to improve the overall health and wellness of individuals in the community. Going beyond traditional medical care, the hospital emphasizes the importance of preventative measures and encourages the adoption of healthy habits.
By offering a comprehensive range of services, Frederick Health Hospital Inc aims to address the diverse needs of its community members. The hospital's commitment to positively impacting the well-being of every individual is demonstrated through its dedication to providing education and resources that promote healthy lifestyles and disease prevention.
In practice, this mission is brought to life in various ways within the hospital. Through its various programs and initiatives, Frederick Health Hospital Inc fosters a culture of wellness and encourages community members to take an active role in their own health and wellbeing. This not only leads to improved individual health, but also contributes to a stronger, healthier community as a whole.
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Impact
October, 2024
Frederick Health Hospital Inc plays a vital role in enhancing the well-being of the community it serves. By offering comprehensive healthcare services within its 298-bed facility, it serves as the cornerstone of the Frederick Regional Health System. The hospital is dedicated to promoting healthy lifestyle choices and disease prevention through educational initiatives, ensuring that individuals have the resources and knowledge to maintain their health. This proactive approach not only addresses immediate medical needs but also cultivates a healthier community overall, positively impacting the lives of countless residents in Frederick, MD.
This information is meant to be a general summary of Frederick Health Hospital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,453,023
- Program Service Revenue: $393,938,727
- Gross Receipts: $463,296,686
Assets and Liabilities:
- Total Assets: $635,327,125
- Total Liabilities: $336,326,595
- Net Assets: $299,000,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INPATIENT REVENUE
Revenue
$214,737,958
OUTPATIENT REVENUE
Revenue
$172,924,713
ALL OTHER PROGRAM SERVICE
Revenue
$4,436,067
COVID RELIEF FUNDS
Revenue
$1,839,989
Organization Details
Founding Year
1897
Principal Officer
Thomas A Kleinhanzl
Website
www.frederickhealth.orgNTEE Category
Code: E220 - Health
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