Harbor Hospital Inc

Nonprofit profile at a glance

EIN
520491660
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Baltimore, MD, USA
Phone
4107726721
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$220,411,136
Expenses
$222,662,032
Assets
$101,446,178
Liabilities
$37,630,473

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

Leadership & pay

23 people listed

Executive titles in this filing

  • JILL DONALDSON (DIRECTOR/PRESIDENT)

Highest reported compensation

  • KENNETH A SAMET (DIRECTOR): $6,562,774 total reported compensation
  • STUART LEVINE MD (FORMER OFFICER): $1,783,900 total reported compensation
  • JILL DONALDSON (DIRECTOR/PRESIDENT): $1,001,780 total reported compensation

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

Overview

Mission

See schedule oas a proud member of medstar health, medstar harbor hospital's (medstar harbor) mission is to be committed to always providing a quality, caring experience for our patients, our communities, and those who serve them. Medstar harbor is located just south of baltimore's inner harbor, in baltimore city. It is an acute care hospital offering clinical services in behavioral health, internal medicine, surgery, cardiology, obstetrics and gynecology, and orthopaedics.in fiscal year 2025, medstar harbor had 7,706 inpatient admissions and 65,474 outpatient visits including 40,711 emergency visits.

What it reported doing in 2024

See schedule omedstar harbor's largest program is access to and the provision of acute hospital services, primarily to the communities of southern baltimore city, southwestern baltimore county and northern anne arundel county, Maryland. In addition to the program service expenses listed above, medstar harbor incurred $38.3m of management and general expenses in providing services to its communities. The relationship with the national institute on aging (one of the national institutes of health) makes medstar harbor the home of the baltimore longitudinal study on aging, the nation's longest running study of aging and conditions affecting the elderly.medstar harbor hospital is magnet designated by the american nurses credentialing center (ancc) magnet recognition program commission. This achievement is the highest level of recognition an organization can obtain for excellence in nursing and signifies that our patient care is among the best in the country. Medstar health has several mobile health units serving the baltimore community. A partnership between the four medstar health baltimore region hospitals, these mobile health center vehicles provide care to the underserved communities of baltimore. Medstar harbor hospital earned the joint commission's gold seal of approval. Medstar harbor hospital received the nurses improving care for health-system elders (niche) senior friendly award, the leading nurse driven program designed to help hospitals and healthcare organizations improve the care of older adults. Medstar harbor hospital achieved gold plus recognition in the american heart association's get with the guidelines-stroke program, along with the target stroke honor roll elite plus and type 2 diabetes honor roll. Baltimore magazine recently recognized 83 medstar health physicians as "top doctors, and six medstar harbor hospital nurses for excellence in nursing. Medstar harbor hospital has achieved member status for the Maryland green registry and received the tree campus healthcare facility award from the arbor day foundation. Medstar harbor is also partnering with the south baltimore gateway partnership (sbgp), in collaboration with baltimore city to advance the multi-year reimagine middle branch wetlands project, bringing together community members, public agencies, businesses, and partners around a shared vision and investment strategy for south baltimore.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 91
  • Accountability: 75
  • Sustainability: 27
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.7%; rating input score 84
  • Program expense ratio: 82.8%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 84.6%; rating input score 85; 1st percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 88.2%; rating input score 88; 21st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 57.1%; rating input score 57; 15th 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: -1%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.46; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 2.3%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 14th percentile among comparable filings
  • Revenue growth: -0.2% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 83.7% of revenue deployed · 82.8% of spending went to programs
  • Governance: 8 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $184.4M in reported program spending
  • Leadership: top reported pay $6.6M · 23 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.1M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 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.

  • Review — Accountability: Independent voting board scored 57/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 22/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.
  • Review — Sustainability: Officer compensation ratio scored 50/100.