Overview
What is Medstar Health Inc?
Medstar Health Inc is a healthcare organization based on the integration of advanced academic medicine, research, innovation, and comprehensive clinical services. Their mission is to manage and direct a holistic healthcare system, encompassing planning, development, and coordination of various aspects to enhance patient care.
Official website here: www.medstarhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Medstar Health Inc has received an 81% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization boasts a perfect score in several categories, including 100% for accountability and finance, indicating strong oversight and management of resources. Key strengths include a majority of independent board members, robust financial statements with an audit committee, and comprehensive policies such as conflict of interest and whistleblower protections.
The organization demonstrates a high commitment to program expenses, with 99.17% of its expenses directed towards its programs, showcasing its dedication to its mission. However, a notable area of concern is its liabilities to assets ratio, which stands at 84.90%. This indicates potential financial vulnerabilities that may require further monitoring to ensure long-term sustainability.
Overall, while Medstar Health Inc shows commendable governance practices and effective use of funds, stakeholders should keep an eye on its financial health to mitigate any risks associated with its liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Medstar Health Inc legitimate?
Medstar Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medstar 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: $20,869,525
Professional Fundraising Fees: $2,018,708
Other Salaries and Wages: $147,810,317
For more financial information, click here
Official website here: www.medstarhealth.org
What is the mission statement of Medstar Health Inc?
Medstar Health Inc is committed to delivering integrated healthcare services with a focus on academic medicine, research, innovation, and comprehensive clinical care. By bringing together the best aspects of these areas, Medstar Health aims to advance patient care and enhance overall health outcomes. The organization focuses on providing a full range of clinical services, leveraging the latest research and treatments to improve patient experiences and outcomes. Medstar Health's mission is to continually evolve and adapt to the healthcare landscape, ensuring it remains at the forefront of patient care and advancements in the industry.
Official website here: www.medstarhealth.org
Who is the CEO of Medstar Health Inc?
Kenneth A Samet is the CEO of Medstar Health Inc The CEO's salary of Medstar Health Inc is $7,083,748 and their total compensation is $7,189,835.
Official website here: www.medstarhealth.org
What is the revenue of Medstar Health Inc?
Medstar Health Inc's revenue in 2024 was $363,603,125.
Official website here: www.medstarhealth.org
Who are the executives of Medstar Health Inc and what are their salaries?
The average compensation at Medstar Health Inc during 2024 was $189,315. There are 891 employees at Medstar Health Inc.
Here are 30 key members and their salaries (Medstar Health Inc's CEO's salary is $7,083,748 and their total compensation is $7,189,835):
- Compensation: $7,083,748
- Related: $0
- Other: $106,087
- Compensation: $0
- Related: $1,537,722
- Other: $32,687
- Compensation: $0
- Related: $1,167,921
- Other: $32,270
- Compensation: $0
- Related: $831,757
- Other: $11,307
- Compensation: $0
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- Compensation: $2,207,257
- Related: $0
- Other: $45,509
- Compensation: $2,040,968
- Related: $0
- Other: $43,213
- Compensation: $2,826,175
- Related: $0
- Other: $63,500
- Compensation: $4,328,131
- Related: $0
- Other: $69,388
- Compensation: $2,029,086
- Related: $0
- Other: $26,463
- Compensation: $1,643,431
- Related: $0
- Other: $48,275
- Compensation: $1,381,768
- Related: $0
- Other: $58,073
- Compensation: $1,941,891
- Related: $0
- Other: $59,112
- Compensation: $1,921,856
- Related: $0
- Other: $33,078
- Compensation: $1,681,164
- Related: $0
- Other: $59,767
- Compensation: $621,601
- Related: $0
- Other: $10,769
Official website here: www.medstarhealth.org
Where can I find the form 990 for Medstar Health Inc?
Medstar Health Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.medstarhealth.org
Learn more at the official website: www.medstarhealth.org
Mission Statement of Medstar Health Inc
Medstar Health Inc, with a mission to combine the finest elements of academic medicine, research, innovation, and treatments, consistently strives to advance patient care through a comprehensive range of clinical services. By integrating the intellectual and practical aspects of healthcare, Medstar Health ensures the delivery of outstanding care to its patients. The organization's commitment to academic medicine and research allows it to stay at the forefront of medical advancements and apply the latest knowledge to its clinical practices. In addition to its focus on cutting-edge treatments, Medstar Health offers a complete spectrum of clinical services, ensuring that every aspect of a patient's health is addressed. By expertly managing and coordinating these various aspects, Medstar Health continues to set the standard for exceptional patient care.
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Impact
October, 2024
MedStar Health Inc plays a critical role in advancing patient care through its integrated healthcare system. By planning, developing, coordinating, directing, and managing a comprehensive range of clinical services, it ensures that patients receive high-quality and efficient care. The organization brings together the strengths of academic medicine, research, and innovative treatments, allowing for a holistic approach to healthcare that benefits the community in Columbia, MD, and beyond.
With a focus on both clinical excellence and innovative practices, MedStar Health is at the forefront of improving health outcomes. Its commitment to research and academic medicine enhances its ability to deliver cutting-edge treatments and advancements in healthcare. This integration of services not only supports individual patients but also contributes to the broader healthcare landscape by fostering ongoing improvement in medical practices and accessibility to care.
This information is meant to be a general summary of Medstar 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: $43,564,227
- Program Service Revenue: $271,502,992
- Gross Receipts: $363,603,125
Assets and Liabilities:
- Total Assets: $3,241,361,236
- Total Liabilities: $2,671,602,033
- Net Assets: $569,759,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GREENSPRING FEE
Revenue
$246,074,785
OTHER HEALTH REVENUE
Revenue
$24,999,904
HEALTH EDUCATION
Revenue
$428,303
Organization Details
Founding Year
1998
Principal Officer
Kenneth A Samet
Website
www.medstarhealth.orgNTEE Category
Code: E210 - Health
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