Frederick, MD
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
To positively impact the well-being of every individual in our community.
EMPLOYED PHYSICIAN PRACTICES: PRACTICES INCLUDE CENTER FOR BREAST CARE, CENTER FOR CHEST DISEASE, UROLOGY, BEHAVIORAL HEALTH, ENDOCRINE AND THYROID, IMMEDIATE CARE, INTERNAL MEDICINE, WOUND AND...
EMPLOYED PHYSICIAN PRACTICES: PRACTICES INCLUDE CENTER FOR BREAST CARE, CENTER FOR CHEST DISEASE, UROLOGY, BEHAVIORAL HEALTH, ENDOCRINE AND THYROID, IMMEDIATE CARE, INTERNAL MEDICINE, WOUND AND HYPERBARIC, ONCOLOGY, ORTHOPEDICS, PAIN, SURGERY, SURGICALISTS, SLEEP, PULMONARY, DIABETES, CARE CLINIC AND PRIMARY CARE. PATIENT VISITS IN THESE PRACTICES WERE 308,000 FOR THE YEAR. In addition to the program services expense listed here, FHMG incurred $7.0 million in general and administrative expenses in meeting the needs of our primary service area.
CHEMOTHERAPY PROGRAM IS PART OF AN INTEGRATED, MULTIDISCIPLINARY, PATIENT CENTERED CANCER CARE FOR PATIENTS WITH MALIGNANCIES, REGARDLESS OF ABILITY TO PAY. FOR THOSE WITH ADDITIONAL FINANCIAL NEED...
CHEMOTHERAPY PROGRAM IS PART OF AN INTEGRATED, MULTIDISCIPLINARY, PATIENT CENTERED CANCER CARE FOR PATIENTS WITH MALIGNANCIES, REGARDLESS OF ABILITY TO PAY. FOR THOSE WITH ADDITIONAL FINANCIAL NEED, FINANCIAL COUNSELORS AND A PATIENT ASSISTANCE FUND IS AVAILABLE. THE PROGRAM TREATS APPROXIMATELY 800 NEWLY DIAGNOSED CANCERS PER YEAR AND ALSO HAS A COMMUNITY OUTREACH PROGRAM THAT INCLUDES EDUCATION AND SCREENING. THE CANCER CARE PROGRAM IS ACCREDITED BY THE AMERICAN COLLEGE OF SURGEONS COMMISSION ON CANCER. In addition to the program services expense listed here, FHMG incurred $7.0 million in general and administrative expenses in meeting the needs of our primary service area.
OPERATES A DENTAL CLINIC WITH FOCUS ON PRIMARY CARE TO ADDRESS COMMUNITY NEED AND FOR THE REDUCTION OF EMERGENCY ROOM VISITS. DURING THE FISCAL YEAR THE DENTAL CLINIC HAD 1,707 PATIENT VISITS. In...
OPERATES A DENTAL CLINIC WITH FOCUS ON PRIMARY CARE TO ADDRESS COMMUNITY NEED AND FOR THE REDUCTION OF EMERGENCY ROOM VISITS. DURING THE FISCAL YEAR THE DENTAL CLINIC HAD 1,707 PATIENT VISITS. In addition to the program services expense listed here, FHMG incurred $7.0 million in general and administrative expenses in meeting the needs of our primary service area.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare Frederick Health Medical Group Inc with other nonprofits in Maryland and across the country.