WASHINGTON HOSPITAL CENTER CORPORATION

EIN: 521272129 501(c)(3) Health Care

WASHINGTON, DC

Total Revenue
$1,907,162,276
Total Expenses
$1,740,060,900
Total Assets
$979,894,303
Net Assets
$786,160,339
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
DC
Principal Officer
GREGORY ARGYROS MD
Phone
2028777000
Tax Period
2024-07-01 to 2025-06-30

WASHINGTON HOSPITAL CENTER CORPORATION, founded in 1949, is a large national nonprofit in the Health Care sector that reported $1.9B in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.7B left a modest 9% surplus.

Mission

MEDSTAR WASHINGTON HOSPITAL CENTER, A VALUED MEMBER OF MEDSTAR HEALTH, IS DEDICATED TO DELIVERING EXCEPTIONAL PATIENT-FIRST HEALTH CARE. WE PROVIDE THE REGION WITH THE HIGHEST QUALITY CARE, THANKS TO THE LATEST MEDICAL ADVANCES IN EDUCATION AND RESEARCH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $32,192,395
Program Service Revenue $1,842,997,360
Investment Income $4,294,832
Other Revenue $27,677,689
TOTAL REVENUE $1,907,162,276

Expense Breakdown

Grants Paid $2,357,781
Salaries & Benefits $710,494,982
Fundraising Expenses $0
Program Expenses $1,358,141,936
Other Expenses $1,027,208,137
TOTAL EXPENSES $1,740,060,900

Year-over-Year Comparison

2024 2023 Change
Revenue $1,907,162,276 $1,714,991,375 +0.1%
Expenses $1,740,060,900 $1,617,081,539 +0.1%
Net Income $167,101,376 $97,909,836 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
10
Employees
7326
Volunteers
172

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
$2,314,554
Total Directors
16
$11,299,650
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DORETHA F LEA BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA D RANDOLPH-JACKSON MD BOARD MEMBER 1.00
Director
$1,333,790 $10,989 $1,344,779
MARTIN W RODGERS BOARD MEMBER 1.00
Director
$0 $0 $0
KENNETH A SAMET BOARD MEMBER 1.00
Director
$0 $105,996 $6,562,774
JOHN A SARGENT BOARD MEMBER 1.00
Director
$0 $0 $0
HAROLD ZIRKIN BOARD MEMBER 1.00
Director
$0 $0 $0
ANTONIO POAG BOARD MEMBER 1.00
Director
$0 $0 $0
STANLEY CHIA MD BOARD MEMBER 40.00
Director
$893,984 $35,417 $929,401
MICHELLE LEE BOARD MEMBER 1.00
Director
$0 $0 $0
LISA M MASCOLO VICE CHAIR 1.00
Officer Director
$0 $0 $0
KRISTEN M NELSON NP BOARD MEMBER 40.00
Director
$238,834 $29,642 $268,476
DAVID G MOORE MD BOARD MEMBER 1.00
Director
$0 $0 $0
STANLEY J GUTKOWSKI CHAIR/TREASURER 1.00
Officer Director
$0 $0 $0
GREGORY ARGYROS MD BOARD MEMBER/PRESIDENT 40.00
Officer Director
$1,721,693 $44,271 $1,765,964
GILLIAN SOUTHWELL MD BOARD MEMBER 1.00
Director
$396,922 $31,334 $428,256
JOHN J GORMAN BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA BARASH CFO (AS OF 11/2024) 20.00
Officer
$14,151 $0 $28,302
WILLIAM GAYNE CFO (UNTIL 08/2024) 20.00
Officer
$188,029 $31,059 $407,116
STEPHAN QUIRICONI INTERIM CFO (08/2024-11/2024) 20.00
Officer
$56,586 $0 $113,172
STUART SEIDES MD PHYSICIAN 40.00
Highest
$862,496 $21,328 $883,824
ARIAM YITBAREK SR VICE PRESIDENT, CNO 40.00
Highest
$443,685 $41,563 $485,248
MINA MOTAZEDI PERFUSIONIST 40.00
Highest
$443,575 $42,278 $485,853
SAIRA ASLAM SVP, COO 40.00
Highest
$560,061 $25,567 $585,628
MANGLA GULATI CHIEF QUALITY & SAFETY OFFICER 40.00
Highest
$548,976 $19,592 $568,568
EMILY BRITON FORMER HCE 0.00
$0 $31,901 $982,939
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 $1,907,162,276 $1,740,060,900 $979,894,303 $167,101,376
2024 No data No data No data No data
2023 $1,618,029,715 $1,550,322,730 $786,655,115 $67,706,985
2022 $1,704,900,832 $1,645,939,037 $766,468,044 $58,961,795
2021 $1,590,954,895 $1,521,142,873 $751,863,092 $69,812,022
2020 $1,448,736,196 $1,409,390,038 $640,886,719 $39,346,158
2019 $1,389,309,446 $1,325,106,521 $604,785,376 $64,202,925
2018 $1,376,916,675 $1,286,220,456 $588,527,346 $90,696,219
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