ST MARYS HOSPITAL OF ST MARYS COUNTY INC

EIN: 520619006 501(c)(3) Health Care

LEONARDTOWN, MD

Total Revenue
$205,310,032
Total Expenses
$198,771,744
Total Assets
$146,335,098
Net Assets
$126,733,538
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Financial Trends

Organization Details

Formation Year
1912
Legal Domicile
MD
Principal Officer
MIMI NOVELLO
Phone
3014756003
Tax Period
2023-07-01 to 2024-06-30

ST MARYS HOSPITAL OF ST MARYS COUNTY INC, founded in 1912, is a major nonprofit in the Health Care sector that reported $205.3M in total revenue in fiscal year 2023. Expenses of $198.8M left a modest 3% surplus.

Mission

AS A PROUD MEMBER OF MEDSTAR HEALTH, MEDSTAR ST. MARY'S HOSPITAL'S (MEDSTAR ST. MARY'S) MISSION IS TO UPHOLD ITS TRADITION OF CARING BY CONTINUOUSLY PROMOTING, MAINTAINING, AND IMPROVING HEALTH THROUGH EDUCATION AND SERVICE WHILE ASSURING QUALITY CARE, PATIENT SAFETY AND FISCAL INTEGRITY. MEDSTAR ST. MARY'S IS LOCATED IN LEONARDTOWN, MARYLAND, IN THE SOUTHERN REGION. IN FISCAL YEAR 2024, MSMH HAD 6,901 INPATIENT ADMISSIONS AND 110,600 OUTPATIENT VISITS INCLUDING 42,666 EMERGENCY VISITS.

Program Service Accomplishments

Program 1
Expenses: $128,857,689 Revenue: $187,310,532

MEDSTAR ST. MARY'S HOSPITAL'S LARGEST PROGRAM IS ACCESS TO AND THE PROVISION OF ACUTE HOSPITAL SERVICES FOR COMMUNITIES OF ST. MARY'S COUNTY, MARYLAND AND THE SURROUNDING AREAS. IN ADDITION TO THE...

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MEDSTAR ST. MARY'S HOSPITAL'S LARGEST PROGRAM IS ACCESS TO AND THE PROVISION OF ACUTE HOSPITAL SERVICES FOR COMMUNITIES OF ST. MARY'S COUNTY, MARYLAND AND THE SURROUNDING AREAS. IN ADDITION TO THE PROGRAM SERVICE EXPENSES LISTED ABOVE, MEDSTAR ST. MARY'S INCURRED $46.9M OF MANAGEMENT AND GENERAL EXPENSES IN PROVIDING SERVICES TO ITS COMMUNITIES. MEDSTAR ST. MARY'S PROVIDES GENERAL, ACUTE CARE SERVICES IN MEDICINE, SURGERY, OBSTETRICS AND GYNECOLOGY, ONCOLOGY, ORTHOPAEDICS, PULMONARY AND CARDIAC REHABILITATION, AND PSYCHIATRY. IT ALSO PROVIDES EMERGENCY DEPARTMENT CARE. ALSO INCLUDED IN OUR RANGE OF SERVICES IS HOSPICE CARE AND A JOINT VENTURE THAT PROVIDES HOME CARE SERVICES WITH 2 OTHER LOCAL HOSPITALS IN ADJACENT COUNTIES. AN OUTPATIENT PAVILION INCLUDES CANCER CARE AND INFUSION SERVICES, AND IMAGING. SERVICES ALSO INCLUDE A CENTER FOR WOUND HEALING.MEDSTAR ST. MARY'S HOSPITAL IS A MARYLAND INSTITUTE FOR EMERGENCY MEDICAL SERVICES SYSTEMS (MIEMSS) ACCREDITED PRIMARY STROKE CENTER. IT HAS A CANCER CENTER THAT HAS COMMISSION ON CANCER CERTIFICATION, IS A CERTIFIED BABY FRIENDLY HOSPITAL AND IS A MAGNET FACILITY.

Program 2
Expenses: $18,511,982 Revenue: $10,232,869

MEDSTAR ST. MARY'S PROVIDED $18.5M IN SUBSIDIZED (MISSION DRIVEN) HEALTH SERVICES IN FISCAL YEAR 2024. THESE CRITICAL SERVICES, WHICH ARE DRIVEN BY COMMUNITY NEEDS, OPERATE AT A LOSS. THEY ADDRESS...

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MEDSTAR ST. MARY'S PROVIDED $18.5M IN SUBSIDIZED (MISSION DRIVEN) HEALTH SERVICES IN FISCAL YEAR 2024. 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 PROVIDED INCLUDE EMERGENCY MEDICINE, WOMEN'S AND CHILDREN'S HEALTH, AND BEHAVIORAL HEALTH.

Program 3
Expenses: $4,452,862

MEDSTAR ST. MARY'S PROVIDED $4.5M IN CHARITY CARE SERVICES IN FISCAL YEAR 2024. CHARITY CARE IS PROVIDED PURSUANT TO MEDSTAR HEALTH'S FINANCIAL ASSISTANCE POLICY TO MEMBERS OF THE COMMUNITY WHOSE...

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MEDSTAR ST. MARY'S PROVIDED $4.5M IN CHARITY CARE SERVICES IN FISCAL YEAR 2024. 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 ST. MARY'S CHARITY CARE EXPENSE. OTHER CHARITY CARE EXPENSES ARE INDIRECTLY REIMBURSED VIA THE STATE OF MARYLAND'S PAYMENT SYSTEM.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,287,582
Program Service Revenue $197,543,401
Investment Income $51,439
Other Revenue $5,427,610
TOTAL REVENUE $205,310,032

Expense Breakdown

Grants Paid $51,038
Salaries & Benefits $93,322,641
Fundraising Expenses $0
Program Expenses $151,822,533
Other Expenses $105,398,065
TOTAL EXPENSES $198,771,744

Year-over-Year Comparison

2023 2022 Change
Revenue $205,310,032 $206,055,569 0.0%
Expenses $198,771,744 $201,363,039 0.0%
Net Income $6,538,288 $4,692,530 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
7
Employees
1371
Volunteers
29

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
$2,078,770
Total Directors
16
$11,596,668
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER L BLAKE CHAIR 1.00
Officer Director
$0 $0 $0
BONNIE BOWES DIRECTOR (UNTIL 12/2023) 1.00
Director
$0 $0 $0
GLEN IVES DIRECTOR 1.00
Director
$0 $0 $0
SONYA POLLACK DIRECTOR 1.00
Director
$0 $0 $0
ANNA CHOI MD DIRECTOR (UNTIL 10/2023) 40.00
Director
$531,695 $27,395 $559,090
KAREN T GARNER DIRECTOR 1.00
Director
$0 $0 $0
JOHN HARVEY MD DIRECTOR 40.00
Director
$632,677 $32,190 $664,867
JAMES DAMALOUJI MD DIRECTOR 40.00
Director
$403,708 $25,473 $429,181
TARA SAGGAR MD DIRECTOR 40.00
Director
$476,598 $32,730 $509,328
KENNETH A SAMET DIRECTOR 1.00
Director
$0 $106,087 $7,189,835
STEPHEN A SCHMEISER DIRECTOR 1.00
Director
$0 $0 $0
YAHIA TAGOURI MD DIRECTOR 40.00
Director
$529,318 $29,971 $559,289
VINCE WHITTLES VICE CHAIR 1.00
Officer Director
$0 $0 $0
MIMI NOVELLO MD PRESIDENT/DIRECTOR 40.00
Officer Director
$955,238 $11,521 $966,759
KATHERINE KOCH DIRECTOR 1.00
Director
$0 $0 $0
ANNE BANFIELD DIRECTOR 40.00
Director
$708,957 $9,362 $718,319
MICHAEL MEISEL CFO/TREASURER (UNTIL 08/2023) 1.00
Officer
$0 $30,252 $444,131
ANNETTE BRONER SECRETARY 1.00
Officer
$0 $31,248 $328,596
PURVI JANI CFO/TREASURER 1.00
Officer
$0 $18,969 $339,284
JOHN GREELY VP OF OPERATIONS 40.00
Highest
$288,554 $31,483 $320,037
DAWN YEITRAKIS CNO 40.00
Highest
$287,305 $19,517 $306,822
HEATHER SWAN-JONES REGISTERED NURSE 40.00
Highest
$240,575 $24,776 $265,351
MARY IBEGBU DIRECTOR OF PHARMACY 40.00
Highest
$226,616 $23,700 $250,316
LORI WERRELL AVP, CARE TRANSFORMATION 40.00
Highest
$222,644 $7,520 $230,164
DAVID HAVRILLLA FORMER CFO 0.00
$0 $27,650 $452,647
DANIEL FEELEY FORMER CFO 0.00
$0 $32,365 $386,782
ROBERT LALLY FORMER CFO 0.00
$0 $0 $213,730
STEPHEN MICHAELS MD FORMER SECRETARY 0.00
$0 $28,508 $1,058,825
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 $205,310,032 $198,771,744 $146,335,098 $6,538,288
2023 $206,055,569 $201,363,039 $136,029,917 $4,692,530
2022 $204,358,759 $189,890,219 $131,223,376 $14,468,540
2021 $198,542,339 $176,329,630 $128,011,172 $22,212,709
2020 $180,743,350 $162,116,991 $106,795,587 $18,626,359
2019 $172,153,023 $159,438,605 $104,425,495 $12,714,418
2018 $179,199,422 $161,929,516 $116,068,024 $17,269,906
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