BALTIMORE, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HARBOR HOSPITAL INC, founded in 1903, is a major nonprofit in the Health Care sector that reported $196.1M in total revenue in fiscal year 2022.
AS A PROUD MEMBER OF MEDSTAR HEALTH, MEDSTAR HARBOR HOSPITAL'S (MEDSTAR HARBOR) MISSION IS TO BE COMMITTED TO ALWAYS PROVIDING A QUALITY, CARING EXPERIENCE FOR OUR PATIENTS, OUR COMMUNITIES, AND THOSE WHO SERVE THEM. MEDSTAR HARBOR IS LOCATED JUST SOUTH OF BALTIMORE'S INNER HARBOR, IN BALTIMORE CITY. IT IS AN ACUTE CARE HOSPITAL OFFERING CLINICAL SERVICES IN BEHAVIORAL HEALTH, INTERNAL MEDICINE, SURGERY, CARDIOLOGY, OBSTETRICS AND GYNECOLOGY, ONCOLOGY, ORTHOPAEDICS AND PEDIATRICS. IN FISCAL YEAR 2023, MEDSTAR HARBOR HAD 7,310 INPATIENT ADMISSIONS AND 65,389 OUTPATIENT VISITS INCLUDING 40,077 EMERGENCY VISITS.
MEDSTAR HARBOR'S LARGEST PROGRAM IS ACCESS TO AND THE PROVISION OF ACUTE HOSPITAL SERVICES TO THE COMMUNITIES OF SOUTHERN BALTIMORE CITY, SOUTHWESTERN BALTIMORE COUNTY AND NORTHERN ANNE ARUNDEL...
MEDSTAR HARBOR'S LARGEST PROGRAM IS ACCESS TO AND THE PROVISION OF ACUTE HOSPITAL SERVICES TO THE COMMUNITIES OF SOUTHERN BALTIMORE CITY, SOUTHWESTERN BALTIMORE COUNTY AND NORTHERN ANNE ARUNDEL COUNTY, MARYLAND AND THE SURROUNDING AREAS. IN ADDITION TO THE PROGRAM SERVICE EXPENSES LISTED ABOVE, MEDSTAR HARBOR INCURRED $17.5M OF MANAGEMENT AND GENERAL EXPENSES IN PROVIDING SERVICES TO ITS COMMUNITIES. THE RELATIONSHIP WITH THE NATIONAL INSTITUTE ON AGING (ONE OF THE NATIONAL INSTITUTES OF HEALTH) MAKES MEDSTAR HARBOR THE HOME OF THE BALTIMORE LONGITUDINAL STUDY ON AGING, THE NATION'S LONGEST RUNNING STUDY OF AGING AND CONDITIONS AFFECTING THE ELDERLY. MEDSTAR HARBOR HOSPITAL ACHIEVED THE JOINT COMMISSION'S GOLD SEAL OF APPROVAL FOR RECERTIFICATION IN THE SPINE SURGERY PROGRAM AND HEART FAILURE PROGRAM. MEDSTAR HARBOR HOSPITAL IS CERTIFIED IN PRIMARY CARE STROKE CARE. MEDSTAR HARBOR HOSPITAL RECEIVED THE NURSES IMPROVING CARE FOR HEALTH-SYSTEM ELDERS (NICHE) SENIOR FRIENDLY AWARD, THE LEADING NURSE DRIVEN PROGRAM DESIGNED TO HELP HOSPITALS AND HEALTHCARE ORGANIZATIONS IMPROVE THE CARE OF OLDER ADULTS. MEDSTAR HARBOR HOSPITAL ACHIEVED SILVER PLUS RECOGNITION IN THE AMERICAN HEART ASSOCIATION'S GET WITH THE GUIDELINES-STROKE PROGRAM. BALTIMORE MAGAZINE RECOGNIZED 86 MEDSTAR HEALTH PHYSICIANS AS "TOP DOCTORS" IN NOVEMBER 2023, BALTIMORE MAGAZINE RECOGNIZED 4 MEDSTAR HARBOR HOSPITAL NURSES FOR EXCELLENCE IN NURSING IN MAY 2023. MEDSTAR HARBOR HOSPITAL HOLDS THE "PARTNER FOR CHANGE" AWARD BESTOWED BY PRACTICE GREENHEALTH. MEDSTAR HARBOR HOSPITAL HAS ACHIEVED MEMBER STATUS FOR THE MARYLAND GREEN REGISTRY.
MEDSTAR HARBOR PROVIDED $24.8M IN SUBSIDIZED (MISSION DRIVEN) HEALTH SERVICES IN FISCAL YEAR 2023. THESE CRITICAL SERVICES, WHICH ARE DRIVEN BY COMMUNITY NEEDS, OPERATE AT A LOSS. THEY ADDRESS...
MEDSTAR HARBOR PROVIDED $24.8M IN SUBSIDIZED (MISSION DRIVEN) HEALTH SERVICES IN FISCAL YEAR 2023. THESE CRITICAL SERVICES, WHICH ARE DRIVEN BY COMMUNITY NEEDS, OPERATE AT A LOSS. THEY ADDRESS PRIORITIES PRIMARILY THROUGH DISEASE PREVENTION AND IMPROVEMENT OF HEALTH STATUS. SERVICES INCLUDE EMERGENCY MEDICINE, PRIMARY CARE, WOMEN'S AND CHILDREN'S CARE, PALLIATIVE CARE AND BEHAVIORAL HEALTH.
MEDSTAR HARBOR PROVIDED $6.3M IN CHARITY CARE SERVICES IN FISCAL YEAR 2023. CHARITY CARE IS PROVIDED PURSUANT TO MEDSTAR HEALTH'S FINANCIAL ASSISTANCE POLICY TO MEMBERS OF THE COMMUNITY WHOSE INCOME...
MEDSTAR HARBOR PROVIDED $6.3M IN CHARITY CARE SERVICES IN FISCAL YEAR 2023. CHARITY CARE IS PROVIDED PURSUANT TO MEDSTAR HEALTH'S FINANCIAL ASSISTANCE POLICY TO MEMBERS OF THE COMMUNITY WHOSE INCOME IS BELOW CERTAIN THRESHOLDS AND FOR WHICH THE HOSPITAL IS NOT COMPENSATED. UNDER MARYLAND'S UNIQUE PAYER SYSTEM, THE AMOUNT REPORTED REPRESENTS MEDSTAR HARBOR'S CHARITY CARE EXPENSE AND REVENUES REPRESENT DIRECT PAYMENTS FROM THE STATE'S CHARITY CARE POOL. OTHER CHARITY CARE EXPENSES ARE INDIRECTLY REIMBURSED VIA THE STATE OF MARYLAND'S PAYMENT SYSTEM.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $196,071,833 | $189,467,942 | +0.0% |
| Expenses | $202,148,217 | $193,916,308 | +0.0% |
| Net Income | $-6,076,384 | $-4,448,366 | +0.4% |
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 |
|---|---|---|---|---|---|---|
| KENNETH A SAMET | DIRECTOR | 1.00 |
Director
|
$0 | $97,941 | $5,459,567 |
| JILL DONALDSON | PRESIDENT | 40.00 |
Officer
Director
|
$751,335 | $46,546 | $797,881 |
| CARLOS D ZIGEL MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAWN M GRETZ DPM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS A GEDDES | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES H FIELDS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SWATA J GANDHI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SAVA KARAS | DIRECTOR (AS OF 11/2/22) | 1.00 |
Director
|
$0 | $0 | $0 |
| FATEH HRAKY MD | DIRECTOR (UNTIL 5/3/22) | 1.00 |
Director
|
$0 | $0 | $0 |
| VINCENT CONNELLY | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MOHSEN GHARIB MD | DIRECTOR | 40.00 |
Director
|
$492,236 | $28,217 | $520,453 |
| KERUNNE S KETLOGETSWE MD | DIRECTOR | 40.00 |
Director
|
$383,629 | $10,576 | $394,205 |
| MEREDITH CHAIKEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER GIBSON | DIRECTOR (UNTIL 8/31/22) | 40.00 |
Director
|
$0 | $0 | $0 |
| KEITH SHINER | SECRETARY | 1.00 |
Officer
|
$0 | $29,534 | $322,254 |
| DEANA STOUT | CFO/TREASURER | 1.00 |
Officer
|
$0 | $51,916 | $586,998 |
| IDA NDAMO | REGISTERED NURSE | 40.00 |
Highest
|
$292,749 | $0 | $292,749 |
| DANIEL TESFAMARIAM | REGISTERED NURSE | 40.00 |
Highest
|
$264,996 | $22,195 | $287,191 |
| ANTHONY NWAIWU | REGISTERED NURSE | 40.00 |
Highest
|
$213,489 | $26,513 | $240,002 |
| CARA MILLER | SR. DIRECTOR, NURSING OPS. | 40.00 |
Highest
|
$196,631 | $18,151 | $214,782 |
| MILLICENT NGATIA | REGISTERED NURSE | 40.00 |
Highest
|
$196,319 | $28,875 | $225,194 |
| STUART LEVINE MD | FORMER OFFICER | 1.00 |
|
$0 | $41,395 | $1,216,483 |
| ROBERT LALLY | FORMER TREASURER | 1.00 |
|
$0 | $46,023 | $501,307 |
| JILL JOHNSON | FORMER VP OF OPS (SINCE 04/2020) | 1.00 |
|
$0 | $27,869 | $403,926 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $196,071,833 | $202,148,217 | $89,870,851 | $-6,076,384 |
| 2022 | $189,467,942 | $193,916,308 | $93,097,905 | $-4,448,366 |
| 2021 | $200,415,649 | $207,094,464 | $84,612,393 | $-6,678,815 |
| 2020 | $194,703,768 | $190,874,673 | $82,942,236 | $3,829,095 |
| 2019 | $191,587,141 | $190,269,599 | $75,877,242 | $1,317,542 |
| 2018 | $203,461,249 | $189,037,499 | $75,765,206 | $14,423,750 |
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