Frederick Health Medical Group Inc

EIN: 453007639 501(c)(3) Health Care

Frederick, MD

Total Revenue
$122,915,606
Total Expenses
$145,173,770
Total Assets
$36,813,616
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MD
Phone
2405663350
Tax Period
2023-07-01 to 2024-06-30

Frederick Health Medical Group Inc, founded in 2011, is a major nonprofit in the Health Care sector that reported $122.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $145.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

To positively impact the well-being of every individual in our community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,824
Program Service Revenue $122,907,782
Investment Income $0
Other Revenue $0
TOTAL REVENUE $122,915,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,837,247
Fundraising Expenses $0
Program Expenses $138,219,920
Other Expenses $73,336,523
TOTAL EXPENSES $145,173,770

Year-over-Year Comparison

2023 2022 Change
Revenue $122,915,606 $103,602,723 +0.2%
Expenses $145,173,770 $125,949,515 +0.2%
Net Income $-22,258,164 $-22,346,792 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
7
Independent Members
3
Employees
836
Volunteers
3

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$2,143,430
Total Directors
7
$2,569,607
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patricia Hanberry Chair 2.0
Officer Director
$0 $0 $0
Thomas A Kleinhanzl President & CEO FHH 6.0
Officer Director
$0 $379,796 $1,591,780
Arthur Sagoskin MD Director 2.0
Director
$0 $0 $0
Gnanaraj J Koilpillai DIRECTOR/PHYSICIAN 40.0
Director
$342,204 $32,106 $374,310
Ingrid Halverson PA Director start 7/23 2.0
Director
$0 $0 $0
Jason Lee Director 1.0
Director
$0 $0 $0
Mihir M Jani DIRECTOR/PHYSICIAN 40.0
Director
$571,100 $32,417 $603,517
Hannah R Jacobs Sr. VP & CFO 2.0
Officer
$0 $69,160 $551,650
Judd M Goldberg MD PHYSICIAN 40.0
Highest
$930,285 $15,917 $946,202
Marsha Naydich MD PHYSICIAN 40.0
Highest
$995,468 $0 $995,468
Maurice A Smith PHYSICIAN 40.0
Highest
$648,104 $30,343 $678,447
Rizwana Afzal MD PHYSICIAN 40.0
Highest
$1,472,877 $16,989 $1,489,866
Saro Sarkisian PHYSICIAN 40.0
Highest
$654,757 $33,489 $688,246
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $122,915,606 $145,173,770 $36,813,616 $-22,258,164
2023 $103,602,723 $125,949,515 $26,739,049 $-22,346,792
2022 $76,324,506 $101,033,148 $22,633,984 $-24,708,642
2021 $69,646,523 $90,614,974 $25,584,881 $-20,968,451
2020 $66,335,556 $86,610,707 $20,315,281 $-20,275,151
2019 $60,856,251 $77,117,039 $10,054,115 $-16,260,788
2018 $46,134,193 $61,817,822 $9,930,440 $-15,683,629
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