Overview
What is Franklin Square Hospital Center Inc?
Franklin Square Hospital Center Inc, a valued member of Medstar Health, is dedicated to delivering top-tier healthcare and education in their community. Through their dedication to safety and quality care, they provided $50.1 million in subsidized health services in fiscal year 2022, addressing essential community needs despite operating at a loss. These services significantly contribute to disease prevention and improvement initiatives.
Official website here: www.franklinsquare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Franklin Square Hospital Center Inc has earned a high rating of 96%, reflecting strong performance, particularly in accountability and finance. The overall score is based on a robust evaluation of various governance practices, with an emphasis on having a majority of independent board members and a comprehensive oversight structure. This level of oversight contributes to the organization’s fiscal health and transparency.
The organization demonstrates exceptional financial management, evidenced by a low liabilities-to-assets ratio and high program expense ratio, which indicates that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the institution has established clear policies on conflict of interest, whistleblower protections, and document retention, underscoring its commitment to ethical governance and operational integrity.
While the rating is commendable, the summary does not provide details on the impact of the hospital's services or any potential areas for improvement, such as community engagement or program outcomes. Nevertheless, the high accountability score suggests that Franklin Square Hospital Center Inc is well-managed and dedicated to maintaining trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Square Hospital Center Inc legitimate?
Franklin Square Hospital Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Square Hospital Center 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: $2,519,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,183,189
For more financial information, click here
Official website here: www.franklinsquare.org
What is the mission statement of Franklin Square Hospital Center Inc?
Franklin Square Hospital Center Inc is committed to delivering top-notch healthcare and education to enhance the well-being of the community. As a valued member of Medstar Health, they prioritize providing safe and superior care, along with excellent service. In the fiscal year 2022, they furnished $50.1 million in subsidized health services, operating at a loss, to address essential community needs through preventative measures and betterment initiatives.
Official website here: www.franklinsquare.org
Who is the CEO of Franklin Square Hospital Center Inc?
Stuart Levine is the Principal Officer of Franklin Square Hospital Center Inc.
Official website here: www.franklinsquare.org
What is the revenue of Franklin Square Hospital Center Inc?
Franklin Square Hospital Center Inc's revenue in 2022 was $547,008,613.
Official website here: www.franklinsquare.org
Who are the executives of Franklin Square Hospital Center Inc and what are their salaries?
The average compensation at Franklin Square Hospital Center Inc during 2022 was $70,214. There are 3243 employees and 184 volunteers at Franklin Square Hospital Center Inc.
Here are 28 key members and their salaries:
- Compensation: $0
- Related: $15,771,396
- Other: $96,287
- Compensation: $0
- Related: $437,758
- Other: $29,818
- Compensation: $1,156,749
- Related: $0
- Other: $42,306
- Compensation: $300,962
- Related: $0
- Other: $33,567
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- Other: $0
- Compensation: $36,630
- Related: $0
- Other: $0
- Compensation: $445,964
- Related: $0
- Other: $40,236
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- Compensation: $238,073
- Related: $238,073
- Other: $54,729
- Compensation: $140,592
- Related: $140,592
- Other: $29,732
- Compensation: $0
- Related: $534,335
- Other: $50,923
- Compensation: $839,641
- Related: $0
- Other: $18,092
- Compensation: $610,437
- Related: $0
- Other: $29,893
- Compensation: $445,552
- Related: $0
- Other: $29,436
- Compensation: $425,506
- Related: $0
- Other: $33,907
- Compensation: $397,538
- Related: $397,538
- Other: $11,082
Official website here: www.franklinsquare.org
Where can I find the form 990 for Franklin Square Hospital Center Inc?
Franklin Square Hospital Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.franklinsquare.org
Learn more at the official website: www.franklinsquare.org
Mission Statement of Franklin Square Hospital Center Inc
Franklin Square Hospital Center Inc, a distinguished member of Medstar Health, is dedicated to delivering top-tier healthcare and education to the communities it serves. Committed to ensuring safety and quality care, this esteemed organization goes above and beyond to provide excellent services that cater to the unique needs of its population.
In the fiscal year 2022, Franklin Square Hospital Center Inc showcased its unwavering commitment to the community by offering $50.1 million in subsidized health services. These critical initiatives, which operate at a loss, are integral in addressing the essential health concerns and improvement needs of the population. By focusing on disease prevention and community betterment, the hospital center demonstrates its unwavering dedication to enhancing the overall health and wellbeing of the individuals it serves.
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Impact
October, 2024
Franklin Square Hospital Center Inc. plays a vital role in enhancing the health and well-being of the Baltimore community. As part of Medstar Health, it is dedicated to delivering safe and high-quality healthcare services while prioritizing excellent patient experiences. In fiscal year 2022 alone, the hospital allocated $50.1 million towards subsidized health services. These services, although operating at a loss, are essential for addressing significant community health needs and facilitating disease prevention and improvement initiatives.
The hospital’s commitment to education and preventive care further underscores its impact, as it actively seeks to empower community members with knowledge and resources to lead healthier lives. By providing access to critical healthcare services, Franklin Square Hospital Center Inc. not only improves individual health outcomes but also strengthens the overall health of the community it serves.
This information is meant to be a general summary of Franklin Square Hospital Center 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 2022.
- Investment Income: $282,379
- Program Service Revenue: $533,271,972
- Gross Receipts: $547,008,613
Assets and Liabilities:
- Total Assets: $353,571,239
- Total Liabilities: $98,320,312
- Net Assets: $255,250,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE RE
Revenue
$526,090,837
PHARMACY
Revenue
$7,173,019
OTHER HEALTH REVENUE
Revenue
$8,116
Organization Details
Founding Year
1898
Phone
(410) 772-6721Principal Officer
Stuart Levine
Main Address
9000 FRANKLIN SQUARE DRIVE, BALTIMORE, MD, 21237
Website
www.franklinsquare.orgNTEE Category
Code: E220 - Health
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