FREDERICK HEALTH HOSPITAL INC

EIN: 520591612 501(c)(3) Health Care

FREDERICK, MD

Total Revenue
$408,211,654
Total Expenses
$412,262,165
Total Assets
$646,339,373
Net Assets
$285,004,271
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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)

Financial Trends

Organization Details

Formation Year
1897
Legal Domicile
MD
Principal Officer
THOMAS A KLEINHANZL
Phone
2405663300
Tax Period
2022-07-01 to 2023-06-30

FREDERICK HEALTH HOSPITAL INC, founded in 1897, is a major nonprofit in the Health Care sector that reported $408.2M in total revenue in fiscal year 2022.

Mission

TO POSITIVELY IMPACT THE WELL-BEING OF EVERY INDIVIDUAL IN OUR COMMUNITY.

🔒

Trantor Score

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)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,994,985
Program Service Revenue $393,938,727
Investment Income $10,215,091
Other Revenue $62,851
TOTAL REVENUE $408,211,654

Expense Breakdown

Grants Paid $0
Salaries & Benefits $217,762,456
Fundraising Expenses $631,496
Program Expenses $352,891,694
Other Expenses $194,463,709
TOTAL EXPENSES $412,262,165

Year-over-Year Comparison

2022 2021 Change
Revenue $408,211,654 $418,372,433 0.0%
Expenses $412,262,165 $406,031,223 +0.0%
Net Income $-4,050,511 $12,341,210 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Governance

Voting Members
21
Independent Members
17
Employees
3490
Volunteers
372

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
7
$1,939,045
Total Directors
24
$2,136,128
Key Employees
16
$5,052,994
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS A KLEINHANZL PRESIDENT AND CEO 45.00
Officer Director
$1,134,727 $366,456 $1,501,183
MICHELLE K MAHAN SR. VP & CFO THROUGH 8/6/22 45.00
$643,631 $44,464 $688,095
CHERYL L CIOFFI SVP COO 14.00
Key Emp
$598,776 $70,053 $668,829
MIHIR JANI MD CHIEF OF STAFF 1.00
Director
$0 $30,273 $604,543
HANNAH R JACOBS SR. VP & CFO START 4/4/22 45.00
Officer
$391,111 $46,751 $437,862
JAMES B SHERWOOD VP BUSINESS DEV AND STRATEGY 40.00
Key Emp
$392,804 $23,832 $416,636
MARY A MCDONALD MEDICAL DIR HOSPICE 4.00
Highest
$344,647 $29,363 $374,010
DONALD R SCHILLING VP AMBULATORY SERVICES 6.00
Key Emp
$339,533 $28,666 $368,199
KATHY J WEISHAAR VP MEDICAL AFFAIRS & CMO 40.00
Key Emp
$342,289 $18,670 $360,959
JACKIE L RICE VP CHIEF INFORMATION OFFICER 33.00
Key Emp
$332,725 $14,090 $346,815
CHRISTOPHER M BUMBAUGH VP HUMAN RESOURCES 30.00
Key Emp
$310,612 $28,704 $339,316
HEATHER R KIRBY VP INTEGRATED CARE & CPHO 36.00
Key Emp
$311,495 $24,277 $335,772
DIANE M MCFARLAND CHIEF NURSING OFFICER - THROUGH 7/30/23 40.00
Key Emp
$320,606 $10,413 $331,019
TAMARA L KILE DO MEDICAL DIRECTOR 40.00
Highest
$291,268 $30,545 $321,813
DUSTIN M SIMONSON CHIEF PHYSICIST SUPV 40.00
Highest
$270,488 $28,971 $299,459
JAMIE B WHITE VP QLTY ASSURANCE & CQO 40.00
Key Emp
$277,728 $16,198 $293,926
JOYCE O BOATENG REGISTERED NURSE 40.00
Highest
$277,758 $0 $277,758
HUGUETTE MARIE H AMOND REGISTERED NURSE 40.00
Highest
$267,711 $0 $267,711
MICHAEL G MCLANE JR VP SUPPORT SVCS 40.00
Key Emp
$232,050 $24,352 $256,402
SHELBY L BOGGS AVP CLINICAL INT & PAYOR CONTRACTING 40.00
Key Emp
$244,412 $5,357 $249,769
JAMES C DEVLIN AVP FINANCE 40.00
Key Emp
$211,983 $27,006 $238,989
KRISTEN B FLETCHER VP CHIEF COMPLIANCE OFFICER 40.00
Key Emp
$220,355 $10,976 $231,331
ROBIN R ROSE VP DEVELOPMENT 40.00
Key Emp
$196,922 $26,264 $223,186
BRENT L PURSCELLEY AVP AMBULATORY SERVICES 40.00
Key Emp
$191,485 $23,975 $215,460
SHAWN MCCARDELL AVP REVENUE CYCLE 40.00
Key Emp
$153,312 $23,074 $176,386
MICHELE GHIM MD CHIEF OF STAFF 15.00
Director
$30,402 $0 $30,402
GORDON COOLEY CHAIRMAN 2.00
Officer Director
$0 $0 $0
NIKKI MOBERLY VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
RICHARD H OHNMACHT TREASURER STARTING 09/22 2.00
Officer Director
$0 $0 $0
ALAN D MAWDSLEY TREASURER THROUGH 09/22 2.00
Officer Director
$0 $0 $0
DARYL BOFFMAN SECRETARY 2.00
Officer Director
$0 $0 $0
PATRICIA HANBERRY DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
KARLYS KLINE DIRECTOR 2.00
Director
$0 $0 $0
GEORGE LITTRELL III DIRECTOR 1.00
Director
$0 $0 $0
J FREDERICK MANNING DIRECTOR THROUGH 09/22 1.00
Director
$0 $0 $0
NANCY NEWMISTER DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH PAKENAS DIRECTOR 1.00
Director
$0 $0 $0
JAMES PLAMONDON DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA L RAY DIRECTOR 1.00
Director
$0 $0 $0
GERRIT SCHIPPER MD DIRECTOR 1.00
Director
$0 $0 $0
SHUCHI SHARMA DIRECTOR 1.00
Director
$0 $0 $0
ANDREA VAUGHAN DIRECTOR 1.00
Director
$0 $0 $0
ARTHUR SAGOSKIN DIRECTOR 1.00
Director
$0 $0 $0
HARRIET BROWN DIRECTOR 1.00
Director
$0 $0 $0
JASON LEE DIRECTOR 1.00
Director
$0 $0 $0
DENISE ROLLINS PHD DIRECTOR 1.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $408,211,654 $412,262,165 $646,339,373 $-4,050,511
2022 $418,372,433 $406,031,223 $635,327,125 $12,341,210
2021 $438,674,869 $384,509,053 $696,031,572 $54,165,816
2020 $377,305,258 $356,761,336 $636,115,056 $20,543,922
2019 $370,256,261 $340,223,743 $521,826,736 $30,032,518
2018 $375,626,346 $344,428,592 $571,551,539 $31,197,754
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FREDERICK HEALTH HOSPITAL INC with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.