Howard University Hospital Corp
Nonprofit profile at a glance
- EIN
- 873454381
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2028062271
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $308,161,000
- Expenses
- $319,244,000
- Assets
- $177,239,226
- Liabilities
- $166,949,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- HUGH E MIGHTY MD (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- HUGH E MIGHTY MD (CHIEF EXECUTIVE OFFICER): $673,070 total reported compensation
- CHRISTIE L TAYLOR (SECRETARY): $340,652 total reported compensation
- SURYANARAYANA SIRAM (SURGEON): $327,300 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of howard university hospital corp is to advance health equity by delivering exceptional, compassionate, and culturally competent care to the communities we serve. We support howard university's academic mission through clinical excellence, innovative research, and the training of the next generation of diverse health professionals. Howard university hospital corp is dedicated to advancing health equity for underserved and historically marginalized populations.
What it reported doing in 2024
A private, nonprofit institution, howard university hospital is the nation's only teaching hospital located on the campus of a historically black university. It offers medical students a superior learning environment and opportunities to observe or participate in clinical andresearch work with professionals that uniquely addresses the special health care needs of medically underserved communities. Howard university hospital admits patients regardless of their ability to pay.
Operating model
- Revenue model
- Earned-program. 89% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 24
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.5%; rating input score 74
- Program expense ratio: 71.9%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: -3.6%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.94; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 84; 84th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 74.5% of revenue deployed · 71.9% of spending went to programs
- Governance: 6 of 6 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $229.5M in reported program spending
- Leadership: top reported pay $673K · 14 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $37.4M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.