ST MARYS HOSPITAL OF ST MARYS COUNTY INC (EIN 520619006) - Form 990 Financial Analysis & Trantor Score

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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

1912

Legal Domicile

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

MEDSTAR ST. MARY'S HOSPITAL UPHOLDS ITS TRADITION OF CARING BY CONTINUOUSLY PROMOTING, MAINTAINING AND IMPROVING HEALTH THROUGH EDUCATION AND SERVICE.

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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%)

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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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

Governance

Voting Members

Independent Members

Employees

1371

Volunteers

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

$2,078,770

Total Directors

$11,596,668

Key Employees

Highest Compensated

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

ST MARYS HOSPITAL OF ST MARYS COUNTY INC