CARROLL HOSPITAL CENTER FOUNDATION INC

EIN: 521115038 501(c)(3) Health Care

WESTMINSTER, MD

Total Revenue
$9,620,473
Total Expenses
$7,122,471
Total Assets
$110,879,822
Net Assets
$109,866,778
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Organization Details

Formation Year
1975
Legal Domicile
MD
Principal Officer
Brenda Frazier
Phone
4108716695
Tax Period
2023-07-01 to 2024-06-30

CARROLL HOSPITAL CENTER FOUNDATION INC, founded in 1975, is a community nonprofit in the Health Care sector that reported $9.6M in total revenue in fiscal year 2023. The organization ran a surplus of $2.5M, a strong 26% operating margin.

Mission

CARROLL HOSPITAL CENTER FOUNDATION IS A CHARITABLE ORGANIZATION FORMED WITH THE INTENT OF SUPPORTING THE CHARITABLE MISSIONS OF ITS AFFILIATES CARROLL HOSPITAL CENTER, INC. AND BRIDGINGLIFE, INC. THE BOARD OF TRUSTEES, STAFF AND VOLUNTEER MEMBERS ON NUMEROUS COMMITTEES WORK IN CONCERT TO SUPPORT THE MISSION AND VISION OF CARROLL HOSPITAL CENTER. WITH THEIR PLANNED HELP, THE FOUNDATION RECEIVED 4,104 GIFTS FROM MORE THAN 1,492 DONORS IN FY 2024. ALTHOUGH MANY GIFTS ARE UNRESTRICTED AND USED WHERE THE NEED IS MOST URGENT, SOME DONORS PREFER TO RESTRICT THEIR GIFTS. IT IS WITH THE SUPPORT OF THESE GENEROUS DONORS THAT CARROLL HOSPITAL CENTER IS ABLE TO EXPAND AND ENHANCE MANY PROGRAMS AND SERVICES FOR THE COMMUNITY. FOR MORE INFORMATION ON THE FOUNDATION PLEASE VISIT WWW.CARROLLHOSPITALFOUNDATION.ORG. DURING FY 2024, THE FOUNDATION RECEIVED $4,467,650 IN CASH GIFTS AND PLEDGE PAYMENTS. THIS WAS ACHIEVED THROUGH VARIOUS FUNDRAISING ACTIVITIES INCLUDING PLANNED & MAJOR GIFT EFFORTS.

Program Service Accomplishments

Program 1
Expenses: $6,489,918 Revenue: $0

TO SUPPORT THE MISSION AND VISION OF CARROLL HOSPITAL CENTER, INC. TOTAL FUNDS DONATED FOR THIS PURPOSE WERE $6,489,918 ALLOCATED AS FOLLOWS: SIMULATION LAB: $ 614,474 WILLIAM E KAHLERT REGIONAL...

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TO SUPPORT THE MISSION AND VISION OF CARROLL HOSPITAL CENTER, INC. TOTAL FUNDS DONATED FOR THIS PURPOSE WERE $6,489,918 ALLOCATED AS FOLLOWS: SIMULATION LAB: $ 614,474 WILLIAM E KAHLERT REGIONAL CANCER CENTER: $ 581,250 CENTER FOR BREAST HEALTH: $ 90,000 PERI-OPERATIVE/ POST-OPERATIVE: $ 35,413 TRUMPOWER EMPLOYEE EDUCATION: $ 28,940 RESPIRATORY: $ 25,900 PEDRIATRICS: $ 25,000 VISION 2020 CAPITAL CONSTRUCTION: $ 38,970 TEVIS CENTER OF WELLNESS: $ 20,045 CARDIAC CARE UNIT: $ 20,000 FAMILY BIRTHPLACE: $ 16,756 TRANSPORTATION ASSISTANCE FUND: $ 13,295 COMPASSION FUND: $ 12,662 CAPITAL IMPROVEMENTS FUND: $ 10,796 EMBRACE FUND: $ 10,538 CAPITAL CONSTRUCTION: $ 1,350,000 CARROLL HOSPITAL ACCESS CARROLL PROGRAM: $ 1,100,000 CAPITAL EQUIPMENT ENDOWMENT: $ 2,449,844 OTHER SERVICES: $ 32,083

Program 2
Expenses: $110,821 Revenue: $0

SUPPORT THE MISSION AND VISION OF BRIDGINGLIFE, INC. FUNDS ARE USED FOR HOSPICE OPERATIONS, BEREAVEMENT AND SPIRITUAL CARE.

Program 3
Expenses: $21,528 Revenue: $0

THE FOUNDATION PROVIDES SCHOLARSHIPS TO INDIVIDUALS IN THE COMMUNITY.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,475,409
Program Service Revenue $0
Investment Income $4,129,372
Other Revenue $15,692
TOTAL REVENUE $9,620,473

Expense Breakdown

Grants Paid $6,622,267
Salaries & Benefits $0
Fundraising Expenses $121,463
Program Expenses $6,622,267
Other Expenses $500,204
TOTAL EXPENSES $7,122,471

Year-over-Year Comparison

2023 2022 Change
Revenue $9,620,473 $9,119,831 +0.1%
Expenses $7,122,471 $8,541,776 -0.2%
Net Income $2,498,002 $578,055 +3.3%
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
21
Independent Members
19
Employees
N/A
Volunteers
73

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
$1,563,799
Total Directors
21
$5,166,945
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEIL M MELTZER BOARD MEMBER/LBH PRESIDENT/CEO 1.0
Director
$0 $51,240 $3,866,428
LESLIE SIMMONS FORMER PRESIDENT CARROLL HOSP. 0.0
$0 $121,087 $1,868,566
GARRETT HOOVER BOARD MEMBER/PRESIDENT CHCF 1.0
Officer Director
$0 $13,946 $750,694
DONA HOBART MD BOARD MEMBER/PHYSICIAN 1.0
Director
$0 $23,767 $549,823
MICHAEL MYERS TREASURER, CHCF 1.0
Officer
$0 $70,452 $523,385
BRENDA FRAZIER EVP, FOUNDATION, VP, DEVELOP. 30.0
Officer
$0 $32,127 $289,720
ALEX MYERS CHAIR 1.0
Officer Director
$0 $0 $0
KIRAN KUNA MD VICE CHAIR 1.0
Officer Director
$0 $0 $0
MARK E BLACKSTEN BOARD MEMBER 1.0
Director
$0 $0 $0
LEE COPLAN BOARD MEMBER 1.0
Director
$0 $0 $0
JANET DAVIS BOARD MEMBER/PRESIDENT AUX. 1.0
Director
$0 $0 $0
MARK DEBINSKI BOARD MEMBER 1.0
Director
$0 $0 $0
JOSEPH DOMINICK BOARD MEMBER 1.0
Director
$0 $0 $0
STEPHAN GUTHERIE BOARD MEMBER 1.0
Director
$0 $0 $0
TODD HERRING BOARD MEMBER 1.0
Director
$0 $0 $0
NICK KELLAR BOARD MEMBER 1.0
Director
$0 $0 $0
TERRI LYONS BOARD MEMBER 1.0
Director
$0 $0 $0
MICHAEL MANDISH BOARD MEMBER 1.0
Director
$0 $0 $0
MICHAEL MCKELVIN BOARD MEMBER 1.0
Director
$0 $0 $0
EMILY MILLER BOARD MEMBER 1.0
Director
$0 $0 $0
NICOL SAGER BOARD MEMBER/SECRETARY 1.0
Officer Director
$0 $0 $0
GUY SHEETZ BOARD MEMBER 1.0
Director
$0 $0 $0
KEVIN WALSH BOARD MEMBER 1.0
Director
$0 $0 $0
TOM ZIRPOLI BOARD MEMBER 1.0
Director
$0 $0 $0
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 $9,620,473 $7,122,471 $110,879,822 $2,498,002
2023 $9,119,831 $8,541,776 $103,658,351 $578,055
2022 $10,399,690 $3,796,600 $99,564,369 $6,603,090
2021 $10,538,344 $5,941,069 $111,958,592 $4,597,275
2020 $5,395,856 $6,306,719 $90,065,577 $-910,863
2019 $4,309,807 $4,661,108 $89,797,753 $-351,301
2018 $4,074,328 $3,408,588 $88,280,072 $665,740
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