CalvertHealth Medical Center Inc

EIN: 520619000 501(c)(3) Health Care

Prince Frederick, MD

Total Revenue
$166,336,279
Total Expenses
$164,446,826
Total Assets
$144,776,794
Net Assets
$57,597,278
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
MD
Phone
4105354000
Tax Period
2023-07-01 to 2024-06-30

CalvertHealth Medical Center Inc, founded in 1918, is a major nonprofit in the Health Care sector that reported $166.3M in total revenue in fiscal year 2023.

Mission

CALVERTHEALTH MEDICAL CENTER PROVIDES QUALITY INPATIENT AND AMBULATORY HEALTH CARE TO THE PEOPLE OF SOUTHERN MARYLAND THAT IS ACCESSIBLE, COST-EFFECTIVE AND COMPASSIONATE. CHMC WORKS IN PARTNERSHIP WITH THE COMMUNITY TO IMPROVE THE HEALTH STATUS OF ITS MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,955,515
Program Service Revenue $161,176,933
Investment Income $246,452
Other Revenue $1,957,379
TOTAL REVENUE $166,336,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,879,776
Fundraising Expenses $0
Program Expenses $141,966,946
Other Expenses $79,567,050
TOTAL EXPENSES $164,446,826

Year-over-Year Comparison

2023 2022 Change
Revenue $166,336,279 $154,524,062 +0.1%
Expenses $164,446,826 $160,772,991 +0.0%
Net Income $1,889,453 $-6,248,929 -1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
14
Employees
1283
Volunteers
149

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
$3,053,075
Total Directors
20
$1,113,997
Key Employees
7
$2,133,057
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeremy S Bradford PRESIDENT & CEO 40.0
Officer Director
$779,873 $102,596 $882,469
Anthony Butters Director 2.0
Director
$0 $0 $0
Barbara Gardner Director / Secretary 44.0
Director
$0 $0 $0
Chang Choi MD Director 40.0
Director
$0 $0 $0
Christopher Garcia Director 4.0
Director
$0 $0 $0
David Showers Director / Chairperson 4.0
Director
$0 $0 $0
Gail Harkins Director 4.0
Director
$675 $0 $675
Gerald Clark Director 1.0
Director
$0 $0 $0
Karen O'Brien Director 2.0
Director
$0 $0 $0
Kathy Dickenson Director 2.0
Director
$0 $0 $0
Laural H Brinkley VP CLINICAL SERVICES CHIEF NURSING OFFICER 40.0
Director
$137,019 $20,171 $157,190
Marjorie Clagett Director 1.0
Director
$0 $0 $0
Mike Cox Director 1.0
Director
$0 $0 $0
Sally Showalter Director 1.5
Director
$0 $0 $0
Samuel Foster MD Director 4.0
Director
$36,663 $0 $36,663
Scott Reeves Director / Treasurer 1.0
Director
$0 $0 $0
Stephanie Dabulis MD Director 40.0
Director
$37,000 $0 $37,000
Uday Patel MD Director 1.0
Director
$0 $0 $0
Wilson Parran Director / Vice Chairperson 1.0
Director
$0 $0 $0
Yolanda Wilson Director 1.0
Director
$0 $0 $0
Anthony M Bladen CHIEF OPERATING OFFICER 40.0
Officer
$748,647 $47,639 $796,286
Carolyn M Heithaus VP FINANCE 40.0
Officer
$613,746 $56,711 $670,457
Christian J Sorochty VICE PRESIDENT HUMAN RESOURCES 40.0
Officer
$105,487 $2,106 $107,593
Joseph Patrick Garcia-Valle CHIEF COMPLIANCE COUNSEL 40.0
Officer
$251,123 $11,238 $262,361
Melissa Hall VP CLINICAL SERVICES CHIEF NURSING OFFICER 40.0
Officer
$303,213 $30,696 $333,909
Benjamin I Cox AVP INFORMATION SERVICES/CIO 40.0
Key Emp
$201,515 $31,235 $232,750
Diane Couchman VICE PRESIDENT HUMAN RESOURCES-INTERIM 40.0
Key Emp
$205,477 $37,434 $242,911
Kara A Harrer AVP ANCILLARY OPERATIONS 40.0
Key Emp
$255,419 $11,395 $266,814
Kasia A Sweeney VP STRATEGY & BUSINESS DEVELOPMENT 40.0
Key Emp
$325,108 $13,129 $338,237
Nicole M Hedderich ASSOC VP QUALITY & RISK MGMT 40.0
Key Emp
$236,402 $11,850 $248,252
Theodore N Tsangaris MD VP MEDICAL AFFAIRS/CHIEF MEDICAL OFFICER 40.0
Key Emp
$464,765 $14,850 $479,615
Theresa L Johnson VP BRAND STRATEGY & PHILANTHROPY 40.0
Key Emp
$311,287 $13,191 $324,478
Franklin Daley PLANT OPERATIONS PROJECT COORDINATOR 40.0
Highest
$241,594 $13,879 $255,473
Kathleen Lanham CHARGE NURSE 40.0
Highest
$203,280 $10,998 $214,278
Kimberly S Girard CHARGE NURSE 40.0
Highest
$181,306 $8,627 $189,933
Peter Gloggner VICE PRESIDENT HUMAN RESOURCES 40.0
Highest
$266,273 $4,051 $270,324
Richard Pellegrino DIRECTOR FINANCIAL PLANNING & REIMBURSEMENT 40.0
Highest
$182,842 $8,246 $191,088
Dean Teague PRESIDENT & CEO-RETIRED 40.0
$1,144,434 $2,606 $1,147,040
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 $166,336,279 $164,446,826 $144,776,794 $1,889,453
2023 $154,524,062 $160,772,991 $143,295,217 $-6,248,929
2022 $151,646,353 $146,404,723 $154,534,269 $5,241,630
2021 $153,257,465 $143,031,019 $154,890,880 $10,226,446
2020 $143,021,386 $137,396,210 $144,716,415 $5,625,176
2019 $124,534,319 $135,516,354 $146,936,880 $-10,982,035
2018 $135,316,722 $131,897,699 $132,796,627 $3,419,023
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