HAGERSTOWN, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MERITUS HEALTH FOUNDATION INC, founded in 2002, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 231% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 28% operating margin.
TO PROVIDE FUND DEVELOPMENT, FINANCIAL, AND OTHER ASSISTANCE TO MERITUS HEALTH, INC. AND AFFILIATES. MERITUS HEALTH FOUNDATION (MHF) IS OPERATED EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSE OF SUPPORTING QUALITY HEALTH CARE AND RELATED SERVICES OF MERITUS HEALTH, INC. AND AFFILIATES.
MERITUS HEALTH FOUNDATION (MHF), A RECOGNIZED 501(C)(3) NONPROFIT ORGANIZATION, EXISTS FOR THE PURPOSE OF SUPPORTING THE MISSION OF MMC, WHICH IS TO IMPROVE THE HEALTH STATUS OF OUR REGION BY...
MERITUS HEALTH FOUNDATION (MHF), A RECOGNIZED 501(C)(3) NONPROFIT ORGANIZATION, EXISTS FOR THE PURPOSE OF SUPPORTING THE MISSION OF MMC, WHICH IS TO IMPROVE THE HEALTH STATUS OF OUR REGION BY PROVIDING COMPREHENSIVE HEALTH SERVICES TO PATIENTS AND FAMILIES. MHF WORKS TO SECURE DONATIONS FROM INDIVIDUALS, BUSINESSES, AND OTHER ORGANIZATIONS WHO WISH TO INVEST IN QUALITY PATIENT CARE SERVICES AND HEALTH, WELLNESS, AND OUTREACH PROGRAMS IN OUR COMMUNITY. DONATIONS RECEIVED BY MHF PROVIDE THE RESOURCES NEEDED TO ENSURE THAT ALL INDIVIDUALS, REGARDLESS OF FINANCIAL CIRCUMSTANCES, HAVE ACCESS TO MEDICAL CARE, EDUCATION, AND OTHER PATIENT CARE PROGRAMS. IN SUMMARY, REFLECTIVE OF ITS COMMUNITY HEALTHCARE MISSION, MHF PROVIDES AWARDS FOR THE FOLLOWING: CANCER CARE: DONOR SUPPORT PROVIDES PATIENT ASSISTANCE, SPIRITUAL CARE PROGRAMMING, EQUIPMENT AND TECHNOLOGY FOR THE CANCER PATIENTS WHO TURNED TO US FOR HELP AND HEALING. ENDOWMENTS: ENDOWED FUNDS SUPPORT THE HOSPITAL'S MEDICAL PROGRAMS, EDUCATIONAL OFFERINGS, STAFF TRAINING, AND COMMUNITY OUTREACH PROGRAMS. PATIENT ASSISTANCE: THIS FUND WAS ESTABLISHED BY THE MERITUS HEALTH FAMILY OF EMPLOYEES TO PROVIDE SUPPORT FOR UNINSURED OR UNDERINSURED PATIENTS WHO ARE UNABLE TO AFFORD THE NECESSITIES OF THEIR RECOVERY, INCLUDING PATIENT PERSONAL MEDICAL EQUIPMENT, TRANSPORTATION, AND MEDICATION BEYOND THE FINANCIAL ASSISTANCE OFFERED BY MMC AS CHARITY CARE. IMPACT FUNDING: THROUGH THE GENEROSITY OF DONORS, MHF IS ABLE TO ENRICH NEW IDEAS AND INITIATIVES WITHIN THE HEALTH SYSTEM. EQUIPMENT AND TECHNOLOGY: DONOR CONTRIBUTIONS HAVE PROVIDED FUNDING FOR THE PURCHASE OF TRANSPORT DEVICES FOR OUR EMERGENCY DEPARTMENT AND COMMUNICATION EQUIPMENT TO HELP BETTER TREAT OUR INCOMING PATIENTS, AS WELL AS EQUIPMENT AT THE READY TO TRANSPORT AND PROVIDE LIFE-SAVING PLASMA AND BLOOD. EDUCATION: EDUCATING OUR PHYSICIANS, NURSES, AND STAFF IS AN INVESTMENT IN THE VERY HEART OF OUR WORK. PEDIATRICS: THE FOUNDATION HELPS MMC PROVIDE CARE TO ITS YOUNGEST PATIENTS WHEN THEY ARE SICK OR INJURED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,235,908 | $1,881,452 | +2.3% |
| Expenses | $4,495,261 | $1,449,077 | +2.1% |
| Net Income | $1,740,647 | $432,375 | +3.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MAULIK JOSHI DR PH | PRESIDENT & CEO | 3.00 |
Officer
Director
|
$0 | $248,681 | $1,662,052 |
| NICOLE RAPPAPORT | CHAIR | 3.00 |
Director
|
$0 | $0 | $0 |
| WAYNE ALTER | DIRECTOR (THRU 1/2025) | 3.00 |
Director
|
$0 | $0 | $0 |
| JANE ANDERSON | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| RYAN LAMPTON | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| CORY MOSKOWITZ | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| LAWRENCE SUMMERS | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $4,802 |
| LORNA THOMAS | DIRECTOR (THRU 1/2025) | 3.00 |
Director
|
$0 | $0 | $0 |
| REGGIE TURNER | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| LINDA EBERSOLE | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| TIA DOWDELL | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ASHTON VATTELANA | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| JACOB ASHBY | DIRECTOR (AS OF 1/2025) | 3.00 |
Director
|
$0 | $0 | $0 |
| LARRY BAYER | DIRECTOR (AS OF 1/2025) | 3.00 |
Director
|
$0 | $0 | $0 |
| GERRY PHILIP | DIRECTOR (AS OF 1/2025) | 3.00 |
Director
|
$0 | $0 | $0 |
| GREG SNOOK | DIRECTOR (AS OF 1/2025) | 3.00 |
Director
|
$0 | $0 | $0 |
| BRENDA THIAM | DIRECTOR (AS OF 1/2025) | 3.00 |
Director
|
$0 | $0 | $0 |
| JOSHUA REPAC | CFO/TREASURER | 3.00 |
Officer
|
$0 | $70,721 | $566,310 |
| LYNN HAINES | VP, LEGAL SERVICES/SECRETARY | 3.00 |
Officer
|
$0 | $61,048 | $408,499 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $6,235,908 | $4,495,261 | $16,972,899 | $1,740,647 |
| 2024 | $1,881,452 | $1,449,077 | $12,551,533 | $432,375 |
| 2023 | $10,015,612 | $3,843,651 | $11,654,779 | $6,171,961 |
| 2022 | $2,002,105 | $2,612,289 | $5,171,160 | $-610,184 |
| 2021 | $1,098,593 | $1,232,820 | $8,714,975 | $-134,227 |
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