La Plata, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Charles Regional Medical Center Foundation Inc, founded in 1986, is a small nonprofit that reported $522K in total revenue in fiscal year 2022. Expenses of $763K exceeded revenue, resulting in a 46% operating deficit.
TO ENHANCE THE HOSPITAL'S FINANCIAL RESOURCES SO IT MAY PROVIDE EXCELLENT HEALTH CARE SERVICES TO ALL MEMBERS OF THE COMMUNITY.
THE CRMC FOUNDATION HAD A VERY SUCCESSFUL FY2023 (JULY 1 2022-JUNE 30, 2023), PROCESSING 1,081 GIFTS FROM 494 DONORS. THIS REPRESENTS 90% AND 98% INCREASES, RESPECTIVELY, OVER THE PRIOR FISCAL YEAR...
THE CRMC FOUNDATION HAD A VERY SUCCESSFUL FY2023 (JULY 1 2022-JUNE 30, 2023), PROCESSING 1,081 GIFTS FROM 494 DONORS. THIS REPRESENTS 90% AND 98% INCREASES, RESPECTIVELY, OVER THE PRIOR FISCAL YEAR. THIS YEAR, THE FOUNDATION MADE THE DECISION TO PUSH FORWARD A SLATE OF EVENTS PARED DOWN TO ONLY FOUR. IN DOING SO, WE ARE REDUCING THE DEMAND ON OUR CORPORATE PARTNERS AND AIDING THEM IN STRUCTURING MORE COMPREHENSIVE GIFTS WITH FEWER REQUESTS. THE FIRST POST-PANDEMIC WINE TASTING AND GALA EVENTS WERE HUGE SUCCESSES RECORDING SOME OF THE LARGEST ATTENDANCE NUMBERS EVER. THE FOUNDATION CONTINUES TO PARTNER WITH THE SYSTEM TO EXPAND OUR INDIVIDUAL AND PLANNED GIVING CAPACITY AS WELL AS ELIMINATE UNNECESSARY DUPLICATION. THE CRMC FOUNDATION CONTINUES TO ENGAGE IN ROBUST GRANT WRITING EFFORTS TO EXPAND THE OPERATIONAL CAPACITY OF THE MEDICAL CENTER. THE BOARD REMAINS FULLY COMMITTED TO CARRYING OUT THE MISSION AND VISION OF THE FOUNDATION AND MAINTAINING ITS REPUTATION AS ONE OF THE TOP NON-PROFITS IN THE REGION.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $521,898 | $512,105 | +0.0% |
| Expenses | $763,135 | $822,833 | -0.1% |
| Net Income | $-241,237 | $-310,728 | -0.2% |
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 |
|---|---|---|---|---|---|---|
| N/A | SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | CHAIRPERSON | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | PRESIDENT-UMCRMC | 1.0 |
Officer
Director
|
$0 | $35,985 | $676,489 |
| N/A | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | DIRECTOR | 1.0 |
Director
|
$0 | $40,629 | $356,189 |
| N/A | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | DIRECTOR | 1.0 |
Director
|
$0 | $32,406 | $370,955 |
| N/A | VP & CFO | 1.0 |
Officer
|
$0 | $36,095 | $338,388 |
| N/A | Executive Director | 40.0 |
Officer
|
$0 | $5,753 | $38,064 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $521,898 | $763,135 | $6,133,822 | $-241,237 |
| 2022 | $512,105 | $822,833 | $6,249,690 | $-310,728 |
| 2021 | $1,115,804 | $490,121 | $7,010,131 | $625,683 |
| 2020 | $389,088 | $397,102 | $6,106,365 | $-8,014 |
| 2019 | $1,010,198 | $997,716 | $6,638,254 | $12,482 |
| 2018 | $406,203 | $326,920 | $6,046,561 | $79,283 |
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