Carroll Hospital Center Foundation Inc

Nonprofit profile at a glance

EIN
521115038
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2020
Location
Westminster, MD, USA
Phone
4108716695
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$11,498,394
Expenses
$5,704,991
Assets
$123,668,360
Liabilities
$1,217,054

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

Leadership & pay

25 people listed

Executive titles in this filing

  • GARRETT W HOOVER (BOARD MEMBER/PRESIDENT CHCF)
  • JANET DAVIS (BOARD MEMBER/PRESIDENT AUX.)
  • NEIL M MELTZER (BOARD MEMBER/LBH PRESIDENT/CEO)
  • LESLIE R SIMMONS (FORMER PRESIDENT CARROLL HOSPITAL)

Highest reported compensation

  • NEIL M MELTZER (BOARD MEMBER/LBH PRESIDENT/CEO): $4,111,501 total reported compensation
  • LESLIE R SIMMONS (FORMER PRESIDENT CARROLL HOSPITAL): $2,078,988 total reported compensation
  • GARRETT W HOOVER (BOARD MEMBER/PRESIDENT CHCF): $965,488 total reported compensation

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

Overview

Mission

Carroll hospital center foundation's mission is to serve exclusively as a supporting organization of carroll hospital and bridginglife, and to support their tax-exempt purposes and missions. The board of trustees, staff and volunteer members on numerous committees work in concert to support the mission and vision of carroll hospital center. With their planned help, the foundation received 2,360 gifts from more than 1,524 donors in fy 2025. Although many gifts are unrestricted and used where the need is most urgent, some donors prefer to restrict their gifts. It is with the support of these generous donors that carroll hospital center is able to expand and enhance many programs and services for the community. For more information on the foundation please visit www.carrollhospitalfoundation.org. During fy 2025, the foundation received $3,429,412 in cash gifts and pledge payments. This was achieved through various fundraising activities including planned & major gift efforts.

What it reported doing in 2024

To advance the mission and vision of Carroll Hospital Center, Inc. Funds support hospital operations and programs such as the simulation lab, nursing education, and patient support initiatives. The funds also cover hospital renovations, expansions, and new medical equipment for patient care.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 62
  • Accountability: 78
  • Sustainability: 88
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.4%; rating input score 70
  • Program expense ratio: 90.4%; rating input score 90
  • Fundraising efficiency: $86.41 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 86.4%; rating input score 86; 19th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 50.4%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 21.68; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 6.4%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 6.7% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 1.3% per year; rating input score 100; 14th percentile among comparable filings
  • Asset growth: 11.1% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 70.4% of revenue deployed · 90.4% of spending went to programs
  • Governance: 19 of 22 board members independent · 6 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $5.2M in reported program spending
  • Leadership: top reported pay $4.1M · 25 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 45 of 45 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 54 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.