MARY WASHINGTON HEALTHCARE (EIN 541240646) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

CHRISTOPHER NEWMAN MD

Phone

5407412507

Tax Period

2024-01-01 to 2024-12-31

MARY WASHINGTON HEALTHCARE, founded in 1983, is a major nonprofit in the Health Care sector that reported $113.4M in total revenue in fiscal year 2018. Expenses of $132.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

OUR MISSION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES WE SERVE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $339,729

Program Service Revenue $125,115,428

Investment Income $46,349,260

Other Revenue $0

TOTAL REVENUE $171,804,417

Expense Breakdown

Grants Paid $267,970

Salaries & Benefits $70,021,006

Fundraising Expenses $619,527

Program Expenses $126,884,140

Other Expenses $59,047,464

TOTAL EXPENSES $129,336,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,804,417	$138,151,550	+0.2%
Expenses	$129,336,440	$144,406,556	-0.1%
Net Income	$42,467,977	$-6,255,006	-7.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

737

Volunteers

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

$16,089,957

Total Directors

$2,785,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL P MCDERMOTT MD MBA	PRESIDENT AND CEO	40.00	Officer Director	$2,433,987	$43,948	$2,477,935
SAUSHEEN TAYLOR MD	PHYSICIAN/TRUSTEE (THRU 4/24)	2.00	Director	$0	$23,620	$307,219
RONALD W BRANSCOME MS	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
BRUCE L DAVIS BA	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CATHERINE M WACK	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
DERMAINE A LEWIS BACC	BOARD SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
NICHOLAS J CADWALLENDER	BOARD TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW D DUMONT MD	BOARD TRUSTEE, (THRU 9/24)	2.00	Director	$0	$0	$0
MARGARET F HARDY RN MBA JD	BOARD TRUSTEE	2.00	Director	$0	$0	$0
RICHMOND MCDANIEL BS	BOARD TRUSTEE	2.00	Director	$0	$0	$0
HOWARD C OWEN BS	BOARD TRUSTEE	2.00	Director	$0	$0	$0
CHETAN B PAI DO	BOARD TRUSTEE	2.00	Director	$0	$0	$0
KIMBERLY C YOUNG MBA	BOARD TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER NEWMAN MD	EVP, COO & CMO	40.00	Officer	$1,348,734	$42,496	$1,391,230
SEAN T BARDEN BSBA MBA	EVP & CFO	40.00	Officer	$1,132,264	$35,048	$1,167,312
TRAVIS TURNER BS MBA	VICE PRESIDENT	40.00	Officer	$619,142	$134,363	$753,505
ERIC FLETCHER MBA APR	SVP & CSO	40.00	Officer	$611,905	$42,336	$654,241
GEOFFREY LAWSON	SVP & CIO	40.00	Officer	$603,241	$26,841	$630,082
STEPHEN MANDELL MD	VICE PRESIDENT	2.00	Officer	$0	$37,130	$620,707
STEPHANIE GOLDBERG	VICE PRESIDENT & DIO	2.00	Officer	$0	$12,242	$590,900
JOANNE HUBER-STURANS	SVP & CHRO	40.00	Officer	$549,957	$37,221	$587,178
REGGIE PEARSON	SVP & CHOO	2.00	Officer	$0	$20,602	$565,726
XAVIER RICHARDSON BA MBA	SVP & CDO	40.00	Officer	$527,654	$22,103	$549,757
CATHLEEN YABLONSKI BS MS	SVP & CAOO	2.00	Officer	$0	$35,415	$548,178
DAVID YI MD	VICE PRESIDENT (THRU 5/24)	40.00	Officer	$503,385	$12,198	$515,583
RENUKA GUPTA	VICE PRESIDENT & CQO	2.00	Officer	$0	$27,576	$526,511
DANIEL WOODFORD	VICE PRESIDENT (THRU 5/24)	2.00	Officer	$0	$39,716	$517,288
TONJA THIGPEN	SVP & CNO	2.00	Officer	$0	$16,447	$461,393
SCOTT SELL	VICE PRESIDENT (THRU 5/24)	2.00	Officer	$0	$39,628	$462,465
LAUREN BLALOCK	VICE PRESIDENT	40.00	Officer	$420,504	$43,353	$463,857
SANDRA BROWN CPA	VICE PRESIDENT	40.00	Officer	$400,267	$33,157	$433,424
SUMMER HUGHES	VP & CHIEF OF STAFF	40.00	Officer	$387,843	$8,740	$396,583
SARAH OGLE	VICE PRESIDENT	40.00	Officer	$371,406	$24,806	$396,212
ALAN EDWARDS	VICE PRESIDENT	40.00	Officer	$369,424	$39,781	$409,205
CODY BLANKENSHIP	VICE PRESIDENT	2.00	Officer	$0	$38,245	$407,318
TINA ERVIN	VICE PRESIDENT	40.00	Officer	$342,358	$25,019	$367,377
RICHARD LEWIS MD	VICE PRESIDENT (THRU 03/24)	40.00	Officer	$188,609	$7,381	$195,990
RAMY ABDELFATTAH	MEDICAL DIRECTOR	40.00	Highest	$276,534	$29,405	$305,939
ASHISH BEHL	PHYSICIAN ADVISOR (THRU 11/24)	40.00	Highest	$253,178	$39,402	$292,580
ANNE JERNIGAN	DIRECTOR	40.00	Highest	$203,953	$17,751	$221,704
KARIN HAYNES	DIRECTOR	40.00	Highest	$195,166	$8,965	$204,131
DARLA BURTON	DIRECTOR	40.00	Highest	$192,042	$25,245	$217,287

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
2024	$171,804,417	$129,336,440	$752,053,784	$42,467,977
2023	$138,151,550	$144,406,556	$655,215,995	$-6,255,006
2022	$134,996,485	$132,982,096	$548,892,209	$2,014,389
2021	$147,982,838	$140,028,942	$690,208,407	$7,953,896
2020	$172,020,782	$131,060,907	$663,087,560	$40,959,875
2019	$125,473,627	$124,084,325	$514,696,844	$1,389,302
2018	$113,421,017	$132,645,709	$434,691,972	$-19,224,692

MARY WASHINGTON HEALTHCARE