SUBURBAN HOSPITAL FOUNDATION INC

EIN: 522019696 501(c)(3) Health Care

BETHESDA, MD

Total Revenue
$6,987,994
Total Expenses
$3,755,070
Total Assets
$34,267,601
Net Assets
$34,116,259
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MD
Principal Officer
KIMBERLY ELYANOW
Phone
3018963971
Tax Period
2023-07-01 to 2024-06-30

SUBURBAN HOSPITAL FOUNDATION INC, founded in 1995, is a community nonprofit in the Health Care sector that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 46% operating margin.

Mission

THE SUBURBAN HOSPITAL FOUNDATION RAISES AND DISTRIBUTES PHILANTHROPIC GIFTS IN SUPPORT OF THE PROGRAMS AND PRIORITIES OF THE MEMBER (SUBURBAN HOSPITAL, INC. 52-0610545). THE CORPORATION SHALL HAVE SUCH OTHER OBJECTIVES AS ARE APPROVED BY THE BOARD OF TRUSTEES AND THE MEMBER.

Program Service Accomplishments

Program 1
Expenses: $250,611

SUBURBAN HOSPITAL FOUNDATION PROVIDES FUNDING TO SUPPORT NURSING EDUCATION AND TRAINING THROUGH THE SUBURBAN HOSPITAL'S NURSING RESIDENCY PROGRAM.

Program 2
Expenses: $206,343

SUBURBAN HOSPITAL FOUNDATION PROVIDES FINANCIAL RESOURCES TO SUPPORT THE ADVANCEMENT OF INNOVATIVE INITIATIVES AT SUBURBAN HOSPITAL, INC. THIS INCLUDES SUPPORT FOR CLINICAL PROGRAMS, STAFF EDUCATION...

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SUBURBAN HOSPITAL FOUNDATION PROVIDES FINANCIAL RESOURCES TO SUPPORT THE ADVANCEMENT OF INNOVATIVE INITIATIVES AT SUBURBAN HOSPITAL, INC. THIS INCLUDES SUPPORT FOR CLINICAL PROGRAMS, STAFF EDUCATION, TECHNOLOGY, PROCESS IMPROVEMENTS, AND PILOT PROGRAMS ALL WHICH FULFILL SUBURBAN HOSPITAL'S MISSION, VISION, AND VALUES IN ACCORDANCE WITH SUBURBAN'S PREVAILING STRATEGIC PLAN AND JOHNS HOPKINS MEDICINE'S STRATEGIC PLAN FOR THE NATIONAL CAPITAL REGION.

Program 3
Expenses: $464,359

SUBURBAN HOSPITAL FOUNDATION PROVIDES FUNDING FROM THE INTEREST EARNED FROM THE CORPUS OF THE EUGENE B. CASEY ENDOWMENT FUND IN COLLABORATION WITH SUBURBAN HOSPITAL, INC. THIS FUND SHALL BE USED 1)TO...

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SUBURBAN HOSPITAL FOUNDATION PROVIDES FUNDING FROM THE INTEREST EARNED FROM THE CORPUS OF THE EUGENE B. CASEY ENDOWMENT FUND IN COLLABORATION WITH SUBURBAN HOSPITAL, INC. THIS FUND SHALL BE USED 1)TO PROVIDE SCHOLARSHIP GRANTS TO SUPPORT THE UNDERGRADUATE TUITION OF STUDENTS PURSUING DEGREES IN NURSING; AND 2) TO PROVIDE GRANTS TO SUPPORT THE TUITION OF EXISTING NURSES AND OTHER KEY CAREGIVERS SEEKING GRADUATE DEGREES IN NURSING, AND OTHER ADVANCED TRAINING DEEMED VITAL TO THE IMPROVEMENT OF PATIENT CARE AND THE RETENTION OF OUTSTANDING CAREGIVERS AT SUBURBAN HOSPITAL, INC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,327,217
Program Service Revenue $0
Investment Income $660,777
Other Revenue $0
TOTAL REVENUE $6,987,994

Expense Breakdown

Grants Paid $2,479,524
Salaries & Benefits $821,217
Fundraising Expenses $50,482
Program Expenses $2,479,524
Other Expenses $454,329
TOTAL EXPENSES $3,755,070

Year-over-Year Comparison

2023 2022 Change
Revenue $6,987,994 $5,643,809 +0.2%
Expenses $3,755,070 $3,260,414 +0.2%
Net Income $3,232,924 $2,383,395 +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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Governance

Voting Members
32
Independent Members
26
Employees
8
Volunteers
27

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
5
$2,409,261
Total Directors
32
$3,745,492
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLYN CARPENTER MHA FACHE TRUSTEE 2.00
Director
$0 $88,043 $1,078,422
LEO ROTELLO MD TRUSTEE 2.50
Director
$0 $97,828 $851,672
JESSICA THOMPSON MELTON MHA TRUSTEE, PRESIDENT (END2/2024) 2.00
Officer Director
$0 $75,450 $707,938
SONIA QASBA MD TRUSTEE 2.50
Director
$0 $32,142 $526,083
LEIGHANN SIDONE DNP RN CENP TRUSTEE, PRESIDENT (BEG 4/2024) 2.00
Officer Director
$0 $53,223 $436,823
JULIE FUTROVSKY TRUSTEE 2.50
Director
$0 $0 $0
MARNIE ABRAMSON TRUSTEE 2.50
Director
$0 $0 $0
MARY ELLEN BELIVEAU TRUSTEE 2.50
Director
$0 $0 $0
MATT BROWN TRUSTEE 2.50
Director
$0 $0 $0
DIANE L COLGAN MD TRUSTEE 2.50
Director
$0 $0 $144,554
LENORE ENGLAND TRUSTEE 2.50
Director
$0 $0 $0
MICHELLE GLENNON TRUSTEE 2.50
Director
$0 $0 $0
MEGHAN GUDELSKY TRUSTEE 2.50
Director
$0 $0 $0
CAMERON GROVES TRUSTEE 2.50
Director
$0 $0 $0
MICHAEL HIBLER TRUSTEE 2.50
Director
$0 $0 $0
MARY HILLS TRUSTEE 2.50
Director
$0 $0 $0
SUNITA KAUL TRUSTEE 2.50
Director
$0 $0 $0
PAUL MANDELL TRUSTEE 2.50
Director
$0 $0 $0
KATIE JAGGERS-LUDWICK TRUSTEE 2.50
Director
$0 $0 $0
THOMAS MATTHEW MD TRUSTEE 2.50
Director
$0 $0 $0
CHARLES MITCHELL TRUSTEE, VICE CHAIR 2.50
Director
$0 $0 $0
THOMAS MURPHY TRUSTEE 2.50
Director
$0 $0 $0
JOHN PAUKSTIS TRUSTEE 2.50
Director
$0 $0 $0
ART PEASE MS RN TRUSTEE 2.50
Director
$0 $0 $0
RAMONE F PENNY TRUSTEE 2.50
Director
$0 $0 $0
JENA RILEY TRUSTEE 2.50
Director
$0 $0 $0
WENDI SAGER TRUSTEE, CHAIR 2.50
Director
$0 $0 $0
JACQUELINE SCHULTZ TRUSTEE 2.50
Director
$0 $0 $0
HERMAN SINGH TRUSTEE 2.50
Director
$0 $0 $0
MANPREET SINGH TRUSTEE 2.50
Director
$0 $0 $0
MARTHA SLAGLE TRUSTEE 2.50
Director
$0 $0 $0
MICHAEL WARSAW TRUSTEE 2.50
Director
$0 $0 $0
KIM ELYANOW TREASURER 2.00
Officer
$0 $35,351 $558,386
VADIM SCHICK SECRETARY 1.00
Officer
$0 $12,241 $370,892
CYNTHIA MERZ VICE PRESIDENT, DEVELOPMENT 30.00
Officer
$0 $49,203 $335,222
STACEY GELDIN DIRECTOR DEVELOPMENT 50.00
Highest
$174,461 $19,603 $194,064
JANINE WERKMAN SR DEVELOPMENT OFFICER 50.00
Highest
$128,358 $16,915 $145,273
KATHRYN SAUTER DIRECTOR OF OPERATIONS 50.00
Highest
$112,068 $18,742 $130,810
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 $6,987,994 $3,755,070 $34,267,601 $3,232,924
2023 $5,643,809 $3,260,414 $30,488,237 $2,383,395
2022 $5,872,138 $3,188,623 $27,975,241 $2,683,515
2021 $3,991,343 $3,069,993 $34,020,378 $921,350
2020 $12,123,574 $2,887,491 $43,359,285 $9,236,083
2019 $6,493,357 $3,678,921 $34,805,851 $2,814,436
2018 $7,068,365 $3,753,760 $32,677,294 $3,314,605
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