ADVENTIST HEALTHCARE FORT WASHINGTON MEDICAL CENTER INC

EIN: 842670875 501(c)(3)

GAITHERSBURG, MD

Total Revenue
$64,437,193
Total Expenses
$58,657,843
Total Assets
$59,167,157
Net Assets
$18,149,634
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MD
Principal Officer
JOHN SACKETT
Phone
3013153030
Tax Period
2023-01-01 to 2023-12-31

ADVENTIST HEALTHCARE FORT WASHINGTON MEDICAL CENTER INC, founded in 2019, is a mid-sized nonprofit that reported $64.4M in total revenue in fiscal year 2023. Expenses of $58.7M left a modest 9% surplus.

Mission

WE EXTEND GOD'S CARE THROUGH THE MINISTRY OF PHYSICAL, MENTAL AND SPIRITUAL HEALING.

Program Service Accomplishments

Program 1
Expenses: $45,227,253 Revenue: $57,434,778

IN 2023, ADVENTIST HEALTHCARE FORT WASHINGTON MEDICAL CENTER, AN ACUTE CARE HOSPITAL, PROVIDED MEDICAL AND SURGICAL SERVICES TO THE COMMUNITY. IN ADDITION, THEY PROVIDED BENEFITS TO THE COMMUNITY...

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IN 2023, ADVENTIST HEALTHCARE FORT WASHINGTON MEDICAL CENTER, AN ACUTE CARE HOSPITAL, PROVIDED MEDICAL AND SURGICAL SERVICES TO THE COMMUNITY. IN ADDITION, THEY PROVIDED BENEFITS TO THE COMMUNITY THAT INCLUDED, CHARITY CARE, COMMUNITY HEALTH EDUCATION, COMMUNITY WOUND CARE EDUCATION, COMMUNITY SPONSORSHIP OPPORTUNITIES, AND COMMUNITY ENGAGEMENT ACTIVITIES.CONTINUES ON SCHEDULE O.AN EXCITING MILESTONE OCCURRED IN JULY 2023 WHEN THE AMBULATORY SURGERY CENTER OPENED AT NATIONAL HARBOR. THE NEW, STATE-OF-THE-ART SURGERY CENTER IS EQUIPPED TO PRACTICE A VARIETY OF SPECIALTIES: BARIATRIC, EAR, NOSE, AND THROAT, GASTROENTEROLOGY, GENERAL SURGERY, INTERVENTIONAL CARDIOLOGY, INTERVENTIONAL RADIOLOGY, OBSTETRICS/GYNECOLOGY, OPHTHALMOLOGY, ORTHOPEDIC/PODIATRY, PAIN/SPINE, UROLOGY, AND MORE.THE SURGERY CENTER SERVES AS A LINK BETWEEN THE HOSPITAL AND ITS PRIMARY CARE FACILITY, LOCATED JUST MINUTES FROM EACH OTHER. TOGETHER, EACH OPERATION WILL SUPPLY THE CRITICAL SERVICES THAT ARE ESSENTIAL TO MEETING THE HEALTHCARE NEEDS OF THE COMMUNITY.THE HOSPITAL ALSO LAUNCHED A CERTIFIED NURSING ASSISTANT (CNA) PRACTICUM FOR LOCAL HIGH SCHOOL STUDENTS. THE PROGRAM ALLOWS STUDENTS TO EARN REQUIRED CLINICAL CNA HOURS - 40 HOURS OF REAL-WORLD, HANDS-ON CLINICAL EXPERIENCE - PRIOR TO GRADUATION. THE GOAL IS TO OFFER THE STUDENTS EMPLOYMENT RIGHT OUT OF HIGH SCHOOL UPON COMPLETION OF THEIR CNA CERTIFICATION.THE HOSPITAL CELEBRATED RECEIVING $1M IN FUNDING SECURED BY CONGRESSMAN STENY HOYER IN THE FY2023 OMNIBUS. THE FUNDING WILL BE USED TO SUPPORT THE HOSPITAL'S NEW CARDIOVASCULAR CENTER FOR DIABETIC PATIENTS.THE CENTER, WHICH INCLUDES A DIABETIC CLINIC, DIABETIC EDUCATION AND RESOURCE CENTER, DIABETES RELATED VASCULAR SCREENING CENTER, WOUND CARE AND HYPERBARIC OXYGEN CENTER, AND CARDIOVASCULAR CLINIC, WILL PROVIDE COMPREHENSIVE CARE TO PATIENTS IN THE SOUTHWESTERN PORTION OF THE COUNTY, WHERE DIABETES AND COMPLICATIONS FROM DIABETES ARE PARTICULARLY PREVALENT.THE HOSPITAL WAS RECOGNIZED BY THE LOWN INSTITUTE FOR SUCCESS IN SERVING COMMUNITIES OF COLOR, RANKING AS #1 IN MARYLAND AND AN "A" GRADE FOR RACIAL INCLUSIVITY ON THE 2023-24 LOWN INSTITUTE HOSPITALS INDEX FOR SOCIAL RESPONSIBILITY. THE HOSPITAL ACHIEVED THIS HONOR OUT OF MORE THAN 3,000 HOSPITALS NATIONWIDE.ACCORDING TO THE INDEX, FORT WASHINGTON MEDICAL CENTER ALSO RECEIVED "A" GRADES IN HEALTH EQUITY AND COMMUNITY BENEFIT. THESE ARE INDEPENDENT RANKINGS AND HOSPITALS DO NOT APPLY OR PAY TO BE LISTED.DISPARITIES IN HEALTHCARE OUTCOMES AND ACCESS ARE WELL-DOCUMENTED IN COMMUNITIES OF COLOR, INCLUDING HIGHER RATES OF CHRONIC CONDITIONS, LOWER LIFE EXPECTANCY AND LOWER RATES OF PRIVATE INSURANCE. THIS HONOR SHOWS FORT WASHINGTON MEDICAL CENTER'S COMMITMENT TO SERVE MORE PATIENTS OF COLOR THAN EXPECTED BASED ON THE DEMOGRAPHICS OF THEIR SERVICE AREA INCLUDING MEDICARE AND MEDICARE ADVANTAGE CLAIMS AND DATA FROM THE U.S. CENSUS BUREAU.IN ADDITION, THE HOSPITAL WAS ACTIVE IN THE COMMUNITY, HOSTING A SERIES OF COMMUNITY CONVERSATIONS AND PARTICIPATING IN EVENTS THROUGHOUT THE YEAR INCLUDING FARMERS MARKETS AND CHURCH EVENTS. FREE BLOOD PRESSURE SCREENINGS WERE ADMINISTERED AT THESE COMMUNITY EVENTS AND HEALTH INFORMATION WAS DISTRIBUTED. THESE EVENTS ALSO ALLOW THE HOSPITAL TEAM AN OPPORTUNITY TO SOLICIT FEEDBACK ON THE SERVICES COMMUNITY MEMBERS WOULD LIKE TO SEE THE HOSPITAL PROVIDE PATIENTS.

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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 $6,938,733
Program Service Revenue $57,434,778
Investment Income $58,042
Other Revenue $5,640
TOTAL REVENUE $64,437,193

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,535,563
Fundraising Expenses $193,596
Program Expenses $45,227,253
Other Expenses $29,122,280
TOTAL EXPENSES $58,657,843

Year-over-Year Comparison

2023 2022 Change
Revenue $64,437,193 $60,774,945 +0.1%
Expenses $58,657,843 $60,591,321 0.0%
Net Income $5,779,350 $183,624 +30.5%
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
13
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$3,213,808
Total Directors
14
$5,959,163
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY FORDE CHAIR; PRESIDENT & CEO, AHC 2.00
Officer Director
$0 $69,578 $1,517,810
JOHN SACKETT VICE CHAIR; EVP/COO, AHC 2.00
Director
$0 $71,597 $1,085,605
KRISTEN PULIO BOARD MEMBER; SVP & CFO, AHC 3.00
Officer Director
$0 $177,534 $942,110
EUNMEE SHIM SECY.; PRESIDENT, FWMC 48.00
Officer Director
$0 $142,387 $753,888
SHAUN KHOSLA MD BOARD MEMBER; PHYSICIAN, FWMC 40.00
Director
$608,828 $23,143 $631,971
CARLIN WILLIAMS MD BOARD MEMBER; PHYSICIAN, FWMC 40.00
Director
$0 $53,080 $548,406
KENNETH FISHER MD BOARD MEMBER; CMO, FWMC 40.00
Director
$377,551 $89,822 $467,373
EMMANUEL ASIEDU BOARD MEMBER 1.00
Director
$0 $0 $12,000
GINA BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES DAY SR BOARD MEMBER 1.00
Director
$0 $0 $0
PASTOR MARCUS HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE HEREFORD BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY ROBERTSON BOARD MEMBER 1.00
Director
$0 $0 $0
ALVIN KIBBLE BOARD MEMBER,TERM ENDED 8/2023 1.00
Director
$0 $0 $0
KEVIN CARGILL VP AND CFO, WOMC & FWMC 40.00
Highest
$0 $117,533 $559,940
ANNA CAZES VP, CNO/COO 40.00
Highest
$287,163 $96,994 $384,157
STEVEN PETERSON ANCILLARY SERVICES DIRECTOR 40.00
Highest
$187,794 $25,564 $213,358
ZANZETA SMITH DIRECTOR, SERVICE LINE & PROGRAM DEV. 40.00
Highest
$182,471 $17,568 $200,039
VANESSA MURRAY FINANCE DIRECTOR 40.00
Highest
$175,800 $17,295 $193,095
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 No data No data No data No data
2023 $64,437,193 $58,657,843 $59,167,157 $5,779,350
2022 $60,774,945 $60,591,321 $59,296,581 $183,624
2021 $62,768,641 $60,185,942 $39,765,979 $2,582,699
2020 $51,485,592 $50,536,026 $42,058,847 $949,566
2019 $8,527,174 $8,124,075 $29,044,506 $403,099
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