Harford Memorial Hospital Inc

EIN: 520591484 501(c)(3) Health Care

Havre De Grace, MD

Total Revenue
$3,129,710
Total Expenses
$81,035
Total Assets
$10,128
Net Assets
$-62,135
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1911
Legal Domicile
MD
Phone
4436431000
Tax Period
2024-07-01 to 2025-06-30

Harford Memorial Hospital Inc, founded in 1911, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.0M, a strong 97% operating margin.

Mission

DEDICATION TO MAINTAINING AND IMPROVING THE HEALTH OF THE PEOPLE IN ITS COMMUNITIES THROUGH AN INTEGRATED HEALTH DELIVERY SYSTEM THAT PROVIDES HIGH QUALITY CARE TO ALL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,129,710
Other Revenue $0
TOTAL REVENUE $3,129,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $81,035
TOTAL EXPENSES $81,035

Year-over-Year Comparison

2024 2023 Change
Revenue $3,129,710 $58,445,178 -0.9%
Expenses $81,035 $58,934,968 -1.0%
Net Income $3,048,675 $-489,790 -7.2%
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
21
Independent Members
17
Employees
558
Volunteers
17

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
6
$1,339,320
Total Directors
21
$5,447,922
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN E KELLY CHAIRMAN 1.0
Officer Director
$0 $0 $0
DENNIS KURGANSKY MD SECRETARY 1.0
Officer Director
$0 $0 $0
ELIZABETH WISE PRESIDENT/CEO, UCHS 1.0
Officer Director
$0 $131,887 $851,824
JAMES M HARKINS VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
MICHAEL F ALLEN TREASURER 1.0
Officer Director
$0 $0 $0
ADELE A WILZACK RN MS DIRECTOR 1.0
Director
$0 $0 $0
ALBERT JA YOUNG ESQ DIRECTOR 1.0
Director
$0 $0 $0
ALICIA L CUNNINGHAM DIRECTOR 1.0
Director
$0 $43,530 $655,481
CHARLES E ALEXANDER DIRECTOR 1.0
Director
$0 $0 $0
JAMES C RICHARDSON MD DIRECTOR 1.0
Director
$0 $0 $0
LISA THOMAS MD DIRECTOR 1.0
Director
$0 $0 $0
MELINDA L CRAIG DIRECTOR 1.0
Director
$0 $0 $0
MOHAN SUNTHA MD PRESIDENT AND CEO, UMMS 1.0
Director
$0 $70,039 $3,940,617
R BRYAN KILBY DIRECTOR 1.0
Director
$0 $0 $0
RICHARD P STREETT JR VMD DIRECTOR 1.0
Director
$0 $0 $0
RYAN D JOHN DIRECTOR 1.0
Director
$0 $0 $0
SANJEEV KUMAR MD DIRECTOR 1.0
Director
$0 $0 $0
SHARON M LIPFORD DIRECTOR 1.0
Director
$0 $0 $0
THERESA B FELDER DIRECTOR 1.0
Director
$0 $0 $0
TOBIAS MUSSER DIRECTOR 1.0
Director
$0 $0 $0
V DIXON KING MD DIRECTOR 0.0
Director
$0 $0 $0
MARCO PRIOLO SVP, Finance 1.0
Officer
$0 $89,335 $487,496
LISA C ROWEN RN FORMER CHIEF NURSE EXECUTIVE, UMMS 0.0
$0 $27,889 $617,115
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 $3,129,710 $81,035 $10,128 $3,048,675
2024 No data No data No data No data
2023 $107,516,397 $104,660,246 $188,069,748 $2,856,151
2022 $125,594,035 $108,183,597 $182,647,929 $17,410,438
2021 $106,374,312 $100,771,948 $207,030,191 $5,602,364
2020 $97,757,591 $92,798,337 $204,952,590 $4,959,254
2019 $100,053,929 $94,188,590 $150,320,120 $5,865,339
2018 $96,645,958 $92,655,388 $149,494,620 $3,990,570
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