Suburban Hospital Foundation Inc
Nonprofit profile at a glance
- EIN
- 522019696
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Bethesda, MD, USA
- Phone
- 3018963971
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $7,997,364
- Expenses
- $3,819,824
- Assets
- $40,374,254
- Liabilities
- $160,665
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
40 people listed
Executive titles in this filing
- LEIGHANN SIDONE DNP RN CENP (TRUSTEE, PRESIDENT & CEO)
- CYNTHIA MERZ MS (VICE PRESIDENT OF DEVELOPMENT)
Highest reported compensation
- CAROLYN CARPENTER MHA FACHE (TRUSTEE): $1,128,612 total reported compensation
- LEO ROTELLO MD (TRUSTEE): $835,763 total reported compensation
- LEIGHANN SIDONE DNP RN CENP (TRUSTEE, PRESIDENT & CEO): $655,554 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 suburban hospital foundation raises and distributes philanthropic gifts in support of the programs and priorities of the member (suburban hospital, inc. 52-0610545). The corporation shall have such other objectives as are approved by the board of trustees and the member.
What it reported doing in 2024
The nursing excellence fund provides additional support for the training, advancement, and professional practice in both the art and science of nursing. This includes support for nursing governance, quality initiatives, preparation, and engagement. Funding will also support the salary for at least two positions dedicated to championing nursing excellence across the hospital and coordinating activities necessary for a magnet application. Additionally, funds may be used to provide advanced training opportunities for suburban hospital nurses who commit to pursuing national certifications in their respective specialties.
Operating model
- Revenue model
- Donor-supported. 94% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 91
- Accountability: 92
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.3%; rating input score 37
- Program expense ratio: 64.5%; rating input score 65
- Fundraising efficiency: $122.35 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 99.6%; rating input score 100; 39th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 87.1%; rating input score 87; 18th 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: 52.2%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 10.57; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 89; 89th percentile among comparable filings
- Officer compensation ratio: 27.7%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 37.3% of revenue deployed · 64.5% of spending went to programs
- Governance: 27 of 31 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $2.5M in reported program spending
- Leadership: top reported pay $1.1M · 40 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $122K reported
- Consistency: 24 of 24 current checks pass
- Schedules: 8 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: 5 filed money-flow records
- Related organizations: 40 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
- High — Sustainability: Officer compensation ratio scored 7/100.