Adventist Healthcare Inc

Nonprofit profile at a glance

EIN
521532556
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Gaithersburg, MD, USA
Phone
3013153030
Rating
81
Verdict
STRONG
Rating confidence
Standard
Affiliation
Christianity

Official website

Reported finances

Revenue
$909,767,420
Expenses
$860,289,562
Assets
$1,639,822,636
Liabilities
$963,661,971

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

34 people listed

Executive titles in this filing

  • TERRY FORDE (PRES. & CEO,AHC,END 8/2024)
  • JOHN SACKETT (PRES. & CEO,AHC,START 8/2024)
  • ANITA JENKINS (PRESIDENT,HUH, END 9/2024)
  • ANTHONY STAHL (PRESIDENT, WOMC)
  • DANIEL L COCHRAN (PRESIDENT, SGMC)
  • EUNMEE SHIM (PRESIDENT, FWMC)

Highest reported compensation

  • PAUL MASSIMIANO MD (PHYSICIAN): $1,890,502 total reported compensation
  • JOHN SACKETT (PRES. & CEO,AHC,START 8/2024): $1,408,653 total reported compensation
  • TERRY FORDE (PRES. & CEO,AHC,END 8/2024): $1,241,328 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We extend god's care through the ministry of physical, mental and spiritual healing.

What it reported doing in 2024

The mission of adventist healthcare is "we extend god's care through the ministry of physical, mental and spiritual healing." in meeting this mission, and in compliance with state and federal laws, we provide care to all patients regardless of their ability to pay. Compassion is reflected in our mission and our organization's commitment to providing consistently high levels of charity and uncompensated care. To meet the needs of the people we serve, adventist healthcare invites their feedback as we innovate and expand our services to build healthier, engaged communities. Our health system also partners with other local nonprofits that address social determinants of health. Continues on schedule o.adventist healthcare responds proactively to the health care needs of our community with a continuum of excellent programs and services to meet diverse populations. We strive to:1. Maintain and grow quality health services2. Increase access to care3. Promote health equity and well-being1. Maintain and grow quality health services: adventist healthcare is growing existing programs in cardiac and vascular care, physical rehabilitation, oncology, and mental health. Our hospitals also provide vital emergency services and care for women and children in our communities. Recognizing the need to serve people where they are, our system also partners with community-based organizations that are aligned with our mission to deliver health services beyond our facilities. Our health system continues to manage an expanding portfolio of hospital services and physician practices in Washington, d.c. Residents in our service areas benefit from our quality programs that promote health and wellness for neighbors of all ages, from infants to senior citizens, that build healthier communities in a holistic way.fort Washington medical center carries on adventist healthcare's tradition of holistic care in prince george's county, Maryland. The hospital fills a need in an underserved area of the state. It provides emergency care to as many as 40,000 patients each year. Its general inpatient services include adult medical and surgical care, laboratory, radiology and diagnostic services, as well as rehabilitation, and respiratory care. Specialty services include gastroenterology, orthopedics, gynecology, neurology, urology, and ophthalmology. Adventist healthcare has added primary care and specialty physician offices in fort Washington to better serve its residents. Also, in 2023, the health system opened a medical pavilion at national harbor in oxon hill, Maryland, to provide d.c., Maryland and Virginia residents easy access from the capital beltway to a surgery center, physician offices and other ambulatory services.adventist healthcare continues to grow its services for residents in Washington, d.c., though its management agreement with both the historic, nonprofit howard university hospital and the howard university faculty practice plan, the employed physician practice closely connected to the hospital and howard's college of medicine. The practice offers d.c. Residents access to more than 100 physicians across many specialties who are dedicated to research, the latest treatments, and collaborative, patient-centered care. Howard university hospital is one of the most comprehensive health systems in d.c., with a level 1 trauma center and an emergency department that sees approximately 50,000 patients annually. It is recognized as a national leader in training future doctors, nurses, and other healthcare professionals, and essential to helping the u.s. Address racial disparities in the physician workforce. Adventist healthcare works closely with senior leadership at howard university hospital and the howard university faculty practice plan to help strengthen the quality and scope of their services. In addition, the howard partnership creates a path for medical trainees, residents, medical students, and graduates to train and work within adventist healthcare's ho

Operating model

Revenue model
Other-operating. 95% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.4%; rating input score 78
  • Program expense ratio: 82.4%; rating input score 82
  • Fundraising efficiency: $4.53 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 92.6%; rating input score 93; 25th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 68.8%; rating input score 69; 20th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.4%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 1.91; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.59; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 1.8%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 28th percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 78.4% of revenue deployed · 82.4% of spending went to programs
  • Governance: 11 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $708.9M in reported program spending
  • Leadership: top reported pay $1.9M · 34 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $45.9M reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 12 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 75 filed money-flow records
  • Related organizations: 66 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.