SUBURBAN HOSPITAL INC

EIN: 520610545 501(c)(3) Health Care

BETHESDA, MD

Total Revenue
$427,696,589
Total Expenses
$419,494,399
Total Assets
$716,597,237
Net Assets
$536,919,734
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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
MD
Principal Officer
KATINA WILLIAMS
Phone
4439975771
Tax Period
2024-07-01 to 2025-06-30

SUBURBAN HOSPITAL INC, founded in 1942, is a major nonprofit in the Health Care sector that reported $427.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

SUBURBAN HOSPITAL IS A COMMUNITY-BASED HOSPITAL SERVING MONTGOMERY COUNTY AND THE SURROUNDING AREA SINCE 1943. WE ARE A NOT-FOR-PROFIT HEALTHCARE PROVIDER GUIDED BY THE NEEDS OF OUR PATIENTS AND COMMUNITY. ON JUNE 30, 2009, SUBURBAN HOSPITAL BECAME A MEMBER OF JOHNS HOPKINS MEDICINE. THE DESIGNATED TRAUMA CENTER FOR MONTGOMERY COUNTY, SUBURBAN HOSPITAL IS AFFILIATED WITH MANY LOCAL HEALTHCARE ORGANIZATIONS, INCLUDING THE NATIONAL INSTITUTES OF HEALTH. IT IS COMMITTED TO CONTINUOUS IMPROVEMENT AND APPROPRIATE USE OF RESOURCES, AND CREATES AN ENVIRONMENT THAT ENCOURAGES THE SUCCESS AND FULFILLMENT OF OUR PHYSICIANS, STAFF, AND VOLUNTEERS.SUBURBAN HOSPITAL WILL SET THE STANDARD FOR EXCELLENCE IN HEALTHCARE IN THE WASHINGTON METROPOLITAN REGION. THROUGH OUR AFFILIATIONS, WE ASPIRE TO PROVIDE WORLD-CLASS PATIENT CARE, TECHNOLOGY, AND CLINICAL RESEARCH.

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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 $2,650,100
Program Service Revenue $401,323,747
Investment Income $19,478,510
Other Revenue $4,244,232
TOTAL REVENUE $427,696,589

Expense Breakdown

Grants Paid $52,864
Salaries & Benefits $190,594,356
Fundraising Expenses $0
Program Expenses $330,635,571
Other Expenses $228,847,179
TOTAL EXPENSES $419,494,399

Year-over-Year Comparison

2024 2023 Change
Revenue $427,696,589 $394,276,311 +0.1%
Expenses $419,494,399 $390,630,548 +0.1%
Net Income $8,202,190 $3,645,763 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
18
Employees
2499
Volunteers
18

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
13
$8,930,779
Total Directors
20
$4,051,140
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN W SOWERS MSN RN FAA TRUSTEE, CORPORATE VICE CHAIR 1.00
Officer Director
$0 $35,481 $2,922,528
CAROLYN CARPENTER MHA FACHE TRUSTEE, PRES NATIONAL CAP REGION 30.00
Officer Director
$0 $56,095 $1,128,612
JANINE LOSSING TRUSTEE 1.00
Director
$0 $0 $0
MARY ELLEN BELIVEAU TRUSTEE, CHAIR 1.00
Director
$0 $0 $0
LARA EISENBERG MD TRUSTEE, VICE CHAIR 1.00
Director
$0 $0 $0
ANDREW CAMERON MD PHD TRUSTEE 1.00
Director
$0 $0 $0
BRIAN COBB TRUSTEE 1.00
Director
$0 $0 $0
LINDA COURIE TRUSTEE 1.00
Director
$0 $0 $0
SARAH JOHNSON CONWAY MD TRUSTEE 1.00
Director
$0 $0 $0
LAURA GIANGIULI THRU 1224 TRUSTEE 1.00
Director
$0 $0 $0
MARIA GOMEZ APPT 924 TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH FLANAGAN TRUSTEE 1.00
Director
$0 $0 $0
ED HEALY MD TRUSTEE 1.00
Director
$0 $0 $0
JON SLABAUGH TRUSTEE 1.00
Director
$0 $0 $0
MARK FUTROVSKY TRUSTEE 1.00
Director
$0 $0 $0
DAVID RUBEN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL A SMITH MD TRUSTEE 1.00
Director
$0 $0 $0
LEE WEINSTEIN TRUSTEE 1.00
Director
$0 $0 $0
SUE WINGATE TRUSTEE 1.00
Director
$0 $0 $0
BARTON LEONARD MD TRUSTEE 1.00
Director
$0 $0 $0
PETER B MANCINO ESQ ASSISTANT SECRETARY 1.00
Officer
$0 $49,581 $669,505
LEIGHANN SIDONE DNP RN CENP PRESIDENT 59.00
Officer
$0 $108,369 $655,554
KIMBERLY ELYANOW MBA VP, FINANCE & TREASURER 30.00
Officer
$0 $42,391 $595,699
GEORGE CHEELY MD VP, MEDICAL AFFAIRS 60.00
Officer
$0 $49,164 $560,652
ANU MULLICK VP, STRATEGIC INITIATIVES & PLANNING 60.00
Officer
$0 $55,428 $447,805
ALVIN D'ANGELO VP, OPERATIONS 60.00
Officer
$0 $33,086 $415,102
CINDY MERZ MS VP, DEVELOPMENT 30.00
Officer
$0 $84,315 $398,295
TIFFANY PRATT VP, HR NATIONAL CAP REGION 30.00
Officer
$0 $25,995 $395,995
VADIM SCHICK THRU 325 SECRETARY 1.00
Officer
$0 $20,263 $371,731
COURTNEY CORNELL MSN RN OCN VP, NURSING & CNO 60.00
Officer
$167,725 $36,938 $283,239
CHRIS REINARD SECRETARY 1.00
Officer
$0 $10,206 $86,062
JENNIFER RAYNOR DIRECTOR PHARMACY 50.00
Highest
$276,931 $33,502 $310,433
LEIMING WANG LEAD SPECIALTY APP 50.00
Highest
$263,162 $20,477 $297,139
MATTHEW TOVORNIK EXEC DIRECTOR PERIOPERATIVE SVCS 50.00
Highest
$249,770 $45,614 $295,384
REGINA HOWELL MANAGER ADVANCED PRACTICE 50.00
Highest
$254,486 $38,433 $292,919
MARK JOSEPH TULIAO NURSE CLINICIAN 50.00
Highest
$240,382 $47,779 $288,161
JESSICA THOMPSON MELTON MHA FORMER OFFICER 0.00
$0 $19,312 $629,292
ATUL ROHATGI MD FORMER OFFICER 0.00
$0 $43,456 $534,878
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 $427,696,589 $419,494,399 $716,597,237 $8,202,190
2024 No data No data No data No data
2023 $366,352,130 $377,429,825 $660,585,847 $-11,077,695
2022 $416,637,369 $357,144,695 $642,957,547 $59,492,674
2021 $357,688,280 $334,609,896 $689,946,694 $23,078,384
2020 $313,427,983 $308,803,226 $610,732,788 $4,624,757
2019 $331,190,087 $297,790,018 $611,537,964 $33,400,069
2018 $311,598,771 $292,016,957 $585,790,591 $19,581,814
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