HAGERSTOWN, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MERITUS MEDICAL CENTER AUXILIARY INC, founded in 1968, is a small nonprofit in the Health Care sector that reported $431K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $375K left a modest 13% surplus.
THE MISSION OF THE MERITUS MEDICAL CENTER AUXILIARY IS TO COOPERATE AND ASSIST IN THE WORK OF MERITUS MEDICAL CENTER, PROMOTE THE HOSPITAL'S WORK IN THE COMMUNITY, SUPPLEMENT THE WORK OF THE MEDICAL STAFF, NURSING STAFF, ADMINISTRATIVE STAFF AND OTHER HOSPITAL PERSONNEL IN MAKING THE PATIENT'S STAY IN THE HOSPITAL MORE COMFORTABLE AND PLEASANT; AND RAISING MONEY FOR CHARITABLE AND EDUCATIONAL DISTRIBUTIONS AND FOR THE BENEFIT OF NEW HOSPITAL EQUIPMENT, BUILDING PROJECTS AND PROGRAMS.
AFTER EXPENSES, THE EXCESS REVENUE FROM THE LARGEST FUNDRAISING PROGRAMS, WITH EXCEPTION OF THE TREE OF LIGHTS PROJECT, IS DEPOSITED INTO THE MMC AUXILIARY'S GENERAL FUND. GENERAL FUND MONIES ARE...
AFTER EXPENSES, THE EXCESS REVENUE FROM THE LARGEST FUNDRAISING PROGRAMS, WITH EXCEPTION OF THE TREE OF LIGHTS PROJECT, IS DEPOSITED INTO THE MMC AUXILIARY'S GENERAL FUND. GENERAL FUND MONIES ARE BUDGETED FOR DISTRIBUTION TO BENEFIT AND SUPPORT MMC AND PATIENT CARE IN THE FOLLOWING WAYS: SLEEPSACK SWADDLE GIFT TO EACH NEWBORN, DAILY NEWSPAPER FOR EACH PATIENT, ONE ANNUAL DONATION TO THE NURSING SCHOLARSHIP FUND, UP TO THIRTY ANNUAL SCHOLARSHIPS FOR HEALTH CARE STUDENTS, ONE ANNUAL DONATION TO THE MERITUS HEALTHCARE FOUNDATION FOR A MUTUAL HOSPITAL PROJECT, AND FUNDING OF CAPITAL EQUIPMENT REQUESTS. THE MONEY RAISED BY THE TREE OF LIGHTS GOES TOWARD A SPECIAL PROJECT SELECTED BY THE TREE OF LIGHTS COMMITTEE EACH YEAR, USUALLY TO FUND A PIECE OF MEDICAL EQUIPMENT OR A PATIENT PROGRAM FOR MMC.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $430,630 | $329,155 | +0.3% |
| Expenses | $375,392 | $318,188 | +0.2% |
| Net Income | $55,238 | $10,967 | +4.0% |
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 |
|---|---|---|---|---|---|---|
| DAVID ALEXANDER | PAST PRESIDE | 6.00 |
Director
|
$0 | $0 | $0 |
| MARY JANE BUSH | TREASURER | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANK CURTIS | OFFICE MANAG | 6.00 |
Director
|
$0 | $0 | $0 |
| SUE FIELDER | PARLIAMENTAR | 6.00 |
Director
|
$0 | $0 | $0 |
| SUSAN HAMMER | REC. SECRETA | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| EILEEN KERSLAKE | CORRE SECRET | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| GERRY PHILP | VICE PRESIDE | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| LARRY SUMMERS | ASST. TREASU | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| LORNA THOMAS | PRESIDENT | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $430,630 | $375,392 | $391,814 | $55,238 |
| 2022 | $329,155 | $318,188 | $336,576 | $10,967 |
| 2021 | $357,823 | $325,841 | $325,609 | $31,982 |
| 2020 | $302,417 | $279,940 | $293,627 | $22,477 |
Compare MERITUS MEDICAL CENTER AUXILIARY INC with other nonprofits in Maryland and across the country.