Overview
What is Holy Cross Health Inc?
Holy Cross Health Inc is a thriving not-for-profit healthcare system based in Montgomery County, Maryland, with a rich history of serving over 160,000 patients annually for more than six decades. Their mission extends beyond the walls of their hospitals, offering a wide range of inpatient, outpatient, and innovative community-based services. Holy Cross Health has expanded from a single hospital in Silver Spring to a system of hospitals and health centers throughout the community. Their newest addition, Holy Cross Germantown Hospital, opened in 2014 and is the first hospital in the nation to be located on a college campus, enhancing care through an educational partnership. The system provides high-quality medical, surgical, obstetric, emergency, and behavioral health services, with locations in Silver Spring, Gaithersburg, Germantown, and Aspen Hill. Holy Cross Health and Trinity Health work together in the spirit of the gospel, acting as a compassionate and transforming healing presence within their communities, striving to be the most trusted provider of healthcare services.
Official website here: www.holycrosshealth.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
Holy Cross Health Inc has achieved an impressive Four-Star rating from Charity Navigator, with a high score of 96% for Accountability & Finance. This rating indicates strong financial health and transparency, reflecting the organization’s commitment to responsible stewardship of donor funds. The organization demonstrates excellent governance practices, with 80% of its board members being independent, ensuring decisions are made without conflicts of interest.
The nonprofit showcases exceptional financial management, with a program expense ratio of 86.84%, suggesting that a significant portion of its budget is directed towards its mission-driven programs. Additionally, the organization has a solid liabilities to assets ratio of 47.47%, which indicates a healthy balance sheet. All required policies for governance, such as conflict of interest and whistleblower protection, are in place and publicly listed, further enhancing its credibility.
While the organization exhibits strong financial practices, the data mainly highlights its accountability metrics. Future reviews may benefit from additional insights regarding its programmatic impact and community engagement to provide a more comprehensive understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Cross Health Inc legitimate?
Holy Cross Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Cross Health 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: $3,876,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $297,578,311
For more financial information, click here
Official website here: www.holycrosshealth.org
What is the mission statement of Holy Cross Health Inc?
Holy Cross Health Inc is a not-for-profit healthcare organization dedicated to providing comprehensive healthcare services. In the spirit of the gospel, they serve their communities as a compassionate and transforming healing presence. Their mission is to be the most trusted provider of healthcare services, enhancing the wellbeing of their patients through a full range of inpatient, outpatient, and community-based services. Holy Cross Health offers high-quality medical, surgical, obstetric, emergency, and behavioral health services, aiming to improve the health and wellbeing of over 160,000 patients every year. Their commitment extends beyond hospital care, with Holy Cross Health Centers located in various community locations, providing easy access to essential healthcare services.
Official website here: www.holycrosshealth.org
Who is the CEO of Holy Cross Health Inc?
Doug Strong is the CEO of Holy Cross Health Inc The CEO's salary of Holy Cross Health Inc is $0 and their total compensation is $284,484.
Official website here: www.holycrosshealth.org
What is the revenue of Holy Cross Health Inc?
Holy Cross Health Inc's revenue in 2024 was $708,972,892.
Official website here: www.holycrosshealth.org
Who are the executives of Holy Cross Health Inc and what are their salaries?
The average compensation at Holy Cross Health Inc during 2024 was $61,736. There are 4883 employees and 424 volunteers at Holy Cross Health Inc.
Here are 32 key members and their salaries (Holy Cross Health Inc's CEO's salary is $0 and their total compensation is $284,484):
- Compensation: $0
- Related: $755,733
- Other: $34,961
- Compensation: $0
- Related: $702,758
- Other: $54,363
- Compensation: $0
- Related: $397,047
- Other: $311,502
- Compensation: $0
- Related: $539,428
- Other: $147,229
- Compensation: $608,821
- Related: $0
- Other: $22,209
- Compensation: $596,394
- Related: $0
- Other: $16,596
- Compensation: $0
- Related: $523,080
- Other: $56,805
- Compensation: $0
- Related: $326,192
- Other: $231,890
- Compensation: $0
- Related: $427,703
- Other: $58,326
- Compensation: $0
- Related: $379,013
- Other: $75,700
- Compensation: $425,401
- Related: $0
- Other: $16,827
- Compensation: $400,151
- Related: $0
- Other: $37,116
- Compensation: $0
- Related: $428,659
- Other: $7,482
- Compensation: $222,244
- Related: $77,694
- Other: $42,759
- Compensation: $0
- Related: $274,446
- Other: $10,038
- Compensation: $0
- Related: $90,000
- Other: $0
- Compensation: $77,120
- Related: $0
- Other: $0
- Compensation: $0
- Related: $48,838
- Other: $2,143
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.holycrosshealth.org
Where can I find the form 990 for Holy Cross Health Inc?
Holy Cross Health Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.holycrosshealth.org
Learn more at the official website: www.holycrosshealth.org
Mission Statement of Holy Cross Health Inc
Holy Cross Health Inc, a not-for-profit health system, is committed to serving its communities with compassion and transformative healing presence. The organization carries out this mission by being the most trusted provider of healthcare services. Holy Cross Health has been dedicated to improving the health of its community for over 60 years and serves over 160,000 patients annually through a full range of inpatient, outpatient, and innovative community-based services.
Holy Cross Health has evolved from a single hospital into a system of hospitals and health centers located throughout the community. The organization's dedication to quality healthcare is exemplified by its partnership with educational institutions, enhancing the delivery of high-quality medical, surgical, obstetric, emergency, and behavioral health services. Holy Cross Health Centers can be found in various locations, each providing comprehensive care to meet the diverse needs of the population.
In line with its mission, Holy Cross Health strives to go above and beyond in serving its community. One example of this is the opening of Holy Cross Germantown Hospital, the first hospital in the nation to be located on a college campus. This innovative approach to healthcare not only offers top-notch medical care but also fosters an educational partnership, further enriching the healthcare experience for patients.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Holy Cross Health Inc significantly impacts the community by providing comprehensive health care and hospital services in Montgomery County, MD. With over 60 years of experience, the organization touches the lives of more than 160,000 patients annually, offering a wide range of services that include inpatient, outpatient, and innovative community-based care.
The health system has evolved from a single hospital in Silver Spring into a network of hospitals and health centers across the region, ensuring accessibility to essential medical services. Notably, Holy Cross Germantown Hospital, which opened in 2014, is groundbreaking as the first hospital on a college campus in the nation, highlighting a unique educational partnership that enhances patient care.
Holy Cross Health provides high-quality services across various medical fields, including surgery, obstetrics, emergency care, and behavioral health. Located strategically in Silver Spring, Gaithersburg, Germantown, and Aspen Hill, the health centers cater to the diverse needs of the population.
By embodying its mission to serve as a compassionate and transformative healing presence, Holy Cross Health strives to be the most trusted provider in the area, ultimately improving the overall health and well-being of the community it serves.
This information is meant to be a general summary of Holy Cross Health 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 2024.
- Investment Income: $10,881,226
- Program Service Revenue: $681,788,365
- Gross Receipts: $714,642,643
Assets and Liabilities:
- Total Assets: $1,062,516,102
- Total Liabilities: $506,977,734
- Net Assets: $555,538,368
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE REVENUE
Revenue
$681,788,365
Organization Details
Founding Year
1959
Principal Officer
Norvell Coots Md
Website
www.holycrosshealth.orgNTEE Category
Code: E21 - Health
If you are a representative of Holy Cross Health Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.