Washington Hospital Center Corporation

Nonprofit profile at a glance

EIN
521272129
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Washington, DC, USA
Phone
2028777000
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$1,907,162,276
Expenses
$1,740,060,900
Assets
$979,894,303
Liabilities
$193,733,964

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

Leadership & pay

25 people listed

Executive titles in this filing

  • GREGORY ARGYROS MD (BOARD MEMBER/PRESIDENT)
  • ARIAM YITBAREK (SR VICE PRESIDENT, CNO)

Highest reported compensation

  • KENNETH A SAMET (BOARD MEMBER): $6,562,774 total reported compensation
  • GREGORY ARGYROS MD (BOARD MEMBER/PRESIDENT): $1,765,964 total reported compensation
  • PAMELA D RANDOLPH-JACKSON MD (BOARD MEMBER): $1,344,779 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 Washington hospital center's (mwhc) mission is to deliver exceptional patient-first health care and an exceptional patient experience. Mwhc is renowned for handling the region's most complex cases and offering innovative, life-saving care across disciplines. Mwhc is an acute care teaching and research hospital located in northwest Washington, d.c. It is the largest private hospital in the nation's capital and among the 50 largest hospitals in the nation. In fiscal year 2025, mwhc had approximately 33,474 inpatient admissions and 470,562 outpatient visits, including 77,211 emergency visits.

What it reported doing in 2024

See schedule omedstar Washington hospital center's is the city's largest and busiest hospital, providing acute care services to the communities of northeast Washington, d.c. And the surrounding areas. In addition to the program service expenses listed above, mwhc incurred $381.9m of management and general expenses in providing services to its communities. It offers primary, secondary and tertiary health services to adult and neonatal patients and is a major referral center for the most complex tertiary services. The hospital is also home to medstar, a nationally verified level i trauma center with a state-of-the-art fleet of helicopters and ambulances and operates the region's only adult burn center. Medstar Washington hospital center has consistently been recognized as one of the nation's top 50 cardiovascular centers by u.s. News & world report. It is the only hospital in the Washington, d.c. Region with a nationally ranked cardiology and heart surgery program. Its obstetrics and gynecology program is ranked 45th in the nation (3-way tie), and the hospital is tied for the #1 hospital in the region. Its cancer, gastroenterology & gi surgery, geriatrics and urology programs were named as high-performing specialties. In 2025, medstar Washington hospital center achieved magnet recognition by the american nurses credentialing center (ancc).

Operating model

Revenue model
Earned-program. 97% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 97
  • Accountability: 78
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.2%; rating input score 71
  • Program expense ratio: 78.1%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 21st 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: 99.8%; rating input score 100; 44th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 62.5%; rating input score 62; 17th 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: 8.8%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.56; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 5.1% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 71.2% of revenue deployed · 78.1% of spending went to programs
  • Governance: 10 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.4B in reported program spending
  • Leadership: top reported pay $6.6M · 25 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $50M reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 11 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: 64 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.