SILVER SPRING, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOLY CROSS HEALTH INC, founded in 1959, is a major nonprofit that reported $709.0M in total revenue in fiscal year 2023. Expenses of $679.4M left a modest 4% surplus.
WE, HOLY CROSS HEALTH AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. WE CARRY OUT THIS MISSION IN OUR COMMUNITIES THROUGH OUR COMMITMENT TO BE THE MOST TRUSTED PROVIDER OF HEALTH CARE SERVICES.
HOLY CROSS HEALTH IS A NOT-FOR-PROFIT HEALTH SYSTEM IN MONTGOMERY COUNTY, MD., DEDICATED TO IMPROVING THE HEALTH OF ITS COMMUNITY FOR MORE THAN 60 YEARS. HOLY CROSS SERVES OVER 160,000 PATIENTS EACH...
HOLY CROSS HEALTH IS A NOT-FOR-PROFIT HEALTH SYSTEM IN MONTGOMERY COUNTY, MD., DEDICATED TO IMPROVING THE HEALTH OF ITS COMMUNITY FOR MORE THAN 60 YEARS. HOLY CROSS SERVES OVER 160,000 PATIENTS EACH YEAR THROUGH A FULL RANGE OF INPATIENT, OUTPATIENT AND INNOVATIVE COMMUNITY-BASED SERVICES. HOLY CROSS HAS GROWN FROM A SINGLE HOSPITAL LOCATED IN SILVER SPRING, MD., INTO A SYSTEM OF HOSPITALS AND HEALTH CENTERS IN LOCATIONS THROUGHOUT THE COMMUNITY. HOLY CROSS GERMANTOWN HOSPITAL OPENED OCTOBER 1, 2014 AND IS THE FIRST HOSPITAL IN THE NATION TO BE LOCATED ON A COLLEGE CAMPUS. CARE IS ENHANCED BY AN EDUCATIONAL PARTNERSHIP, AND INCLUDES HIGH-QUALITY MEDICAL, SURGICAL, OBSTETRIC, EMERGENCY, AND BEHAVIORAL HEALTH SERVICES. HOLY CROSS HEALTH CENTERS ARE LOCATED IN SILVER SPRING, GAITHERSBURG, GERMANTOWN AND ASPEN HILL.FOR MORE INFORMATION SEE SCHEDULE H AND THE HOSPITAL WEBSITE: WWW.HOLYCROSSHEALTH.ORG.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $708,972,892 | $681,585,216 | +0.0% |
| Expenses | $679,398,107 | $695,838,766 | 0.0% |
| Net Income | $29,574,785 | $-14,253,550 | -3.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NORVELL COOTS MD | DIRECTOR; PRESIDENT & CEO THR 1/24 | 54.00 |
Officer
Director
|
$0 | $34,961 | $790,694 |
| LOUIS DAMIANO MD | PRESIDENT OF HCH & HCGH | 55.00 |
Officer
|
$0 | $54,363 | $757,121 |
| ELIZABETH SIMPSON | ASST SECY THR 12/23;VP MANAGING CNSL | 49.00 |
Officer
|
$0 | $311,502 | $708,549 |
| TINA WEATHERWAX-GRANT | DIR; TH SVP PUBLIC POLICY & ADVOCACY | 1.00 |
Director
|
$0 | $147,229 | $686,657 |
| RINY KARRAS MD | THORACIC SURGEON | 50.00 |
Highest
|
$608,821 | $22,209 | $631,030 |
| ASANTE DICKSON MD | MEDICAL DIRECTOR - RADIOLOGY | 50.00 |
Highest
|
$596,394 | $16,596 | $612,990 |
| GRIFFIN DAVIS MD | CHIEF CLINICAL OFFICER | 50.00 |
Key Emp
|
$0 | $56,805 | $579,885 |
| ANNE GILLIS | ASSISTANT TREASURER & CFO THR 8/23 | 50.00 |
Officer
|
$0 | $231,890 | $558,082 |
| ANNICE CODY | PRESIDENT HOLY CROSS HEALTH NETWORK | 50.00 |
Key Emp
|
$0 | $58,326 | $486,029 |
| STEVEN FOWLER | VP - MISSION STRATEGY PARTNER | 50.00 |
Highest
|
$0 | $75,700 | $454,713 |
| DAWN WALTON MD | HC GERMANTOWN VP MED AFFAIRS TO 3/24 | 50.00 |
Highest
|
$425,401 | $16,827 | $442,228 |
| RHONIQUE SHIELDS MD | HCH NETWORK VP MEDICAL AFFAIRS | 50.00 |
Highest
|
$400,151 | $37,116 | $437,267 |
| DOUG RYDER | FORMER OFFICER | 0.00 |
|
$0 | $7,482 | $436,141 |
| JULIE KEESE | ASST TREA AS OF 1/24; VP AND CFO | 49.00 |
Officer
|
$222,244 | $42,759 | $342,697 |
| DOUG STRONG | DIR, INTERIM PRES & CEO AS OF 1/24 | 54.00 |
Officer
Director
|
$0 | $10,038 | $284,484 |
| LARRY WARREN | TRINITY DIR THR 12/23; DIR AT 1/24 | 1.00 |
Director
|
$0 | $0 | $90,000 |
| DOUGLAS MURPHY MD | DIR THR 12/23, ON CALL PHYSICIAN | 5.00 |
Director
|
$77,120 | $0 | $77,120 |
| TEGAN HICKS | ASST SECY AS OF 1/24; ASSOCIATE CNSL | 50.00 |
Officer
|
$0 | $2,143 | $50,981 |
| AJAY GUPTA | DIRECTOR; CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARMEN LARSEN | DIRECTOR; TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELSBETH MULVANEY CSC | DIRECTOR; VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHARLET WAGNER CSC | DIRECTOR; SECRETARY AS OF 1/24 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| UMA AHLUWALIA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSE BLACKBURNE MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID ANTHONY HILL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGARETIA JACKSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA KWEDER MD | DIRECTOR AS OF 1/24 | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBIN MADDEN MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LESLIE MASIKY | DIRECTOR AS OF 1/24 | 1.00 |
Director
|
$0 | $0 | $0 |
| MARC POTASH | DIRECTOR THROUGH 12/23 | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC SCHOOMAKER MD | DIRECTOR THROUGH 12/23 | 1.00 |
Director
|
$0 | $0 | $0 |
| JACQUELINE WATSON DO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $708,972,892 | $679,398,107 | $1,124,982,797 | $29,574,785 |
| 2023 | $681,585,216 | $695,838,766 | $1,084,380,152 | $-14,253,550 |
| 2022 | $697,211,021 | $685,136,605 | $1,062,516,102 | $12,074,416 |
| 2021 | $701,172,860 | $622,457,470 | $1,151,918,907 | $78,715,390 |
| 2020 | $628,720,499 | $580,260,596 | $1,036,467,989 | $48,459,903 |
| 2019 | $605,061,123 | $572,082,256 | $923,534,099 | $32,978,867 |
| 2018 | $586,387,387 | $548,570,479 | $903,821,361 | $37,816,908 |
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