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← HOLY CROSS HEALTH INC

Form 990 for tax year 2023

Filed by HOLY CROSS HEALTH INC.

Totals

Total revenue
$708,972,892
Total expenses
$679,398,107
Contributions and grants received
$1,461,194
Grants paid
$382,880
Program service revenue
$681,788,365
Investment income
$16,726,697
Other revenue
$8,996,636
Total assets, end of year
$1,124,982,797
Total liabilities, end of year
$491,533,112
Net assets or fund balances, end of year
$633,449,685
Program services expenses (Part IX)
$595,479,447
Management and general expenses
$83,918,660
Fundraising expenses
$0
Program service expenses (Part III)
$595,479,447

Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,094,346

  • 1e · Government grants (contributions)

    $232,141

  • 1f · All other contributions, gifts and grants

    $134,707

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $681,788,365 · related or exempt $679,305,109 · unrelated business $2,483,256

  • 3 · Investment income

    total $10,881,226 · excluded $10,881,226

  • 6a · Gross rents

    real property $1,166,156

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,166,156

  • 6d · Net rental income or loss

    total $1,166,156 · excluded $1,166,156

  • 7a · Gross sales of assets other than inventory

    securities $5,888,427 · other assets $5,626,795

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $5,669,751

  • 7c · Gain or loss

    securities $5,888,427 · other assets -$42,956

  • 7d · Net gain or loss

    total $5,845,471 · excluded $5,845,471

  • 11a · Other revenue: CAFETERIA REVENUE

    total $3,048,901 · excluded $3,048,901

  • 11b · Other revenue: RADIATION TREATMENT CENTER

    total $1,692,759 · related or exempt $1,692,759

  • 11c · Other revenue: PARKING

    total $1,012,612 · excluded $1,012,612

  • 11d · All other revenue

    total $2,076,208 · related or exempt $2,076,208

  • 11e · Other revenue, total

    $7,830,480

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $254,540 · program services $254,540

  • 2 · Grants to domestic individuals

    total $128,340 · program services $128,340

  • 5 · Compensation of officers, directors and key employees

    total $3,876,882 · program services $77,120 · management and general $3,799,762

  • 6 · Compensation of disqualified persons

    total $436,141 · management and general $436,141

  • 7 · Other salaries and wages

    total $297,578,311 · program services $279,341,181 · management and general $18,237,130

  • 8 · Pension plan contributions

    total $14,126,587 · program services $13,199,417 · management and general $927,170

  • 9 · Other employee benefits

    total $26,607,178 · program services $24,844,090 · management and general $1,763,088

  • 10 · Payroll taxes

    total $21,680,451 · program services $20,429,401 · management and general $1,251,050

  • 11a · Fees: management

    total $1,967,989 · program services $1,967,989

  • 11b · Fees: legal

    total $210,859 · management and general $210,859

  • 11c · Fees: accounting

    total $79,378 · management and general $79,378

  • 11d · Fees: lobbying

    total $75,000 · management and general $75,000

  • 11f · Fees: investment management

    total $712,188 · management and general $712,188

  • 11g · Fees: other

    total $70,692,355 · program services $67,347,535 · management and general $3,344,820

  • 12 · Advertising and promotion

    total $1,481,082 · program services $40,197 · management and general $1,440,885

  • 13 · Office expenses

    total $5,359,652 · program services $3,639,891 · management and general $1,719,761

  • 14 · Information technology

    total $24,242,138 · program services $19,314,271 · management and general $4,927,867

  • 16 · Occupancy

    total $18,374,233 · program services $16,092,398 · management and general $2,281,835

  • 17 · Travel

    total $332,360 · program services $193,285 · management and general $139,075

  • 19 · Conferences, conventions and meetings

    total $146,473 · program services $136,561 · management and general $9,912

  • 20 · Interest

    total $14,727,082 · program services $14,727,082

  • 22 · Depreciation, depletion and amortization

    total $33,044,103 · program services $16,292,022 · management and general $16,752,081

  • 23 · Insurance

    total $6,725,331 · program services $346,473 · management and general $6,378,858

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $95,364,546 · program services $95,364,546

  • 24b · Other expenses: INTERCO PURCHASED SVCS

    total $21,499,912 · program services $3,175,180 · management and general $18,324,732

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $9,966,966 · program services $9,966,966

  • 24d · Other expenses: EQUIPMENT MAINTENANCE

    total $7,794,993 · program services $7,784,049 · management and general $10,944

  • 24e · All other expenses

    total $1,913,037 · program services $816,913 · management and general $1,096,124

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,080 · end of year $71,712

  • 3 · Pledges and grants receivable

    beginning of year $55,495 · end of year $63,053

  • 4 · Accounts receivable

    beginning of year $86,810,856 · end of year $101,493,393

  • 7 · Other notes and loans receivable

    end of year $14,342

  • 8 · Inventories for sale or use

    beginning of year $12,937,303 · end of year $11,569,211

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,473,963 · end of year $2,273,254

  • 10a · Land, buildings and equipment: cost or other basis

    $836,230,917

  • 10b · Land, buildings and equipment: accumulated depreciation

    $443,044,828

  • 10c · Land, buildings and equipment, net

    beginning of year $412,433,311 · end of year $393,186,089

  • 11 · Investments: publicly traded securities

    beginning of year $243,264,522 · end of year $349,911,777

  • 12 · Investments: other securities

    beginning of year $187,249,409 · end of year $149,140,693

  • 14 · Intangible assets

    beginning of year $8,509,665 · end of year $7,679,794

  • 15 · Other assets

    beginning of year $130,575,548 · end of year $109,579,479

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,585,066 · end of year $77,851,910

  • 19 · Deferred revenue

    beginning of year $2,798,011 · end of year $806,939

  • 23 · Secured mortgages and notes payable

    beginning of year $2,442,226

  • 25 · Other liabilities

    beginning of year $427,944,981 · end of year $412,874,263

  • 27 · Net assets without donor restrictions

    beginning of year $569,529,336 · end of year $633,341,890

  • 28 · Net assets with donor restrictions

    beginning of year $80,532 · end of year $107,795

Mission and programs · 2023

Mission

WE, HOLY CROSS HEALTH AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. WE CARRY OUT THIS MISSION IN OUR COMMUNITIES THROUGH OUR COMMITMENT TO BE THE MOST TRUSTED PROVIDER OF HEALTH CARE SERVICES.

Activities or mission (Part I)

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES

  • HOLY CROSS HEALTH IS A NOT-FOR-PROFIT HEALTH SYSTEM IN MONTGOMERY COUNTY, MD., DEDICATED TO IMPROVING THE HEALTH OF ITS COMMUNITY FOR MORE THAN 60 YEARS. HOLY CROSS SERVES OVER 160,000 PATIENTS EACH YEAR THROUGH A FULL RANGE OF INPATIENT, OUTPATIENT AND INNOVATIVE COMMUNITY-BASED SERVICES. HOLY CROSS HAS GROWN FROM A SINGLE HOSPITAL LOCATED IN SILVER SPRING, MD., INTO A SYSTEM OF HOSPITALS AND HEALTH CENTERS IN LOCATIONS THROUGHOUT THE COMMUNITY. HOLY CROSS GERMANTOWN HOSPITAL OPENED OCTOBER 1, 2014 AND IS THE FIRST HOSPITAL IN THE NATION TO BE LOCATED ON A COLLEGE CAMPUS. CARE IS ENHANCED BY AN EDUCATIONAL PARTNERSHIP, AND INCLUDES HIGH-QUALITY MEDICAL, SURGICAL, OBSTETRIC, EMERGENCY, AND BEHAVIORAL HEALTH SERVICES. HOLY CROSS HEALTH CENTERS ARE LOCATED IN SILVER SPRING, GAITHERSBURG, GERMANTOWN AND ASPEN HILL.FOR MORE INFORMATION SEE SCHEDULE H AND THE HOSPITAL WEBSITE: WWW.HOLYCROSSHEALTH.ORG.

    Expenses $595,479,447 · Grants $382,880 · Revenue $683,074,076

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • NORVELL COOTS MD

    DIRECTOR; PRESIDENT & CEO THR 1/24

    Total calculated
    $790,694
    From this org
    $0
    From related orgs
    $755,733
    Other
    $34,961
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $586,343 related
    Bonus
    $0
    Other
    $0 + $169,390 related
    Deferred
    $0 + $14,850 related
    Nontaxable benefits
    $0 + $20,111 related
    Filer's total
    $0 + $790,694 related

  • LOUIS DAMIANO MD

    PRESIDENT OF HCH & HCGH

    Total calculated
    $757,121
    From this org
    $0
    From related orgs
    $702,758
    Other
    $54,363
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $486,659 related
    Bonus
    $0 + $123,238 related
    Other
    $0 + $92,861 related
    Deferred
    $0 + $14,850 related
    Nontaxable benefits
    $0 + $39,513 related
    Filer's total
    $0 + $757,121 related

  • ELIZABETH SIMPSON

    ASST SECY THR 12/23;VP MANAGING CNSL

    Total calculated
    $708,549
    From this org
    $0
    From related orgs
    $397,047
    Other
    $311,502
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,050 related
    Bonus
    $0 + $77,794 related
    Other
    $0 + $56,203 related
    Deferred
    $0 + $285,930 related
    Nontaxable benefits
    $0 + $25,572 related
    Filer's total
    $0 + $708,549 related

  • TINA WEATHERWAX-GRANT

    DIR; TH SVP PUBLIC POLICY & ADVOCACY

    Total calculated
    $686,657
    From this org
    $0
    From related orgs
    $539,428
    Other
    $147,229
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,877 related
    Bonus
    $0 + $164,701 related
    Other
    $0 + $14,850 related
    Deferred
    $0 + $114,915 related
    Nontaxable benefits
    $0 + $32,314 related
    Filer's total
    $0 + $686,657 related

  • RINY KARRAS MD

    THORACIC SURGEON

    Total calculated
    $631,030
    From this org
    $608,821
    From related orgs
    $0
    Other
    $22,209
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $607,321
    Bonus
    $0
    Other
    $1,500
    Deferred
    $14,850
    Nontaxable benefits
    $7,359
    Filer's total
    $631,030

  • ASANTE DICKSON MD

    MEDICAL DIRECTOR - RADIOLOGY

    Total calculated
    $612,990
    From this org
    $596,394
    From related orgs
    $0
    Other
    $16,596
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $560,653
    Bonus
    $34,250
    Other
    $1,491
    Deferred
    $14,850
    Nontaxable benefits
    $1,746
    Filer's total
    $612,990

  • GRIFFIN DAVIS MD

    CHIEF CLINICAL OFFICER

    Total calculated
    $579,885
    From this org
    $0
    From related orgs
    $523,080
    Other
    $56,805
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $431,476 related
    Bonus
    $0 + $88,150 related
    Other
    $0 + $3,454 related
    Deferred
    $0 + $20,881 related
    Nontaxable benefits
    $0 + $35,924 related
    Filer's total
    $0 + $579,885 related

  • ANNE GILLIS

    ASSISTANT TREASURER & CFO THR 8/23

    Total calculated
    $558,082
    From this org
    $0
    From related orgs
    $326,192
    Other
    $231,890
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $192,560 related
    Bonus
    $0
    Other
    $0 + $133,632 related
    Deferred
    $0 + $213,114 related
    Nontaxable benefits
    $0 + $18,776 related
    Filer's total
    $0 + $558,082 related

  • ANNICE CODY

    PRESIDENT HOLY CROSS HEALTH NETWORK

    Total calculated
    $486,029
    From this org
    $0
    From related orgs
    $427,703
    Other
    $58,326
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $348,651 related
    Bonus
    $0 + $71,176 related
    Other
    $0 + $7,876 related
    Deferred
    $0 + $24,750 related
    Nontaxable benefits
    $0 + $33,576 related
    Filer's total
    $0 + $486,029 related

  • STEVEN FOWLER

    VP - MISSION STRATEGY PARTNER

    Total calculated
    $454,713
    From this org
    $0
    From related orgs
    $379,013
    Other
    $75,700
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $283,342 related
    Bonus
    $0 + $71,367 related
    Other
    $0 + $24,304 related
    Deferred
    $0 + $60,882 related
    Nontaxable benefits
    $0 + $14,818 related
    Filer's total
    $0 + $454,713 related

  • DAWN WALTON MD

    HC GERMANTOWN VP MED AFFAIRS TO 3/24

    Total calculated
    $442,228
    From this org
    $425,401
    From related orgs
    $0
    Other
    $16,827
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $353,374
    Bonus
    $70,458
    Other
    $1,569
    Deferred
    $14,850
    Nontaxable benefits
    $1,977
    Filer's total
    $442,228

  • RHONIQUE SHIELDS MD

    HCH NETWORK VP MEDICAL AFFAIRS

    Total calculated
    $437,267
    From this org
    $400,151
    From related orgs
    $0
    Other
    $37,116
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $326,735
    Bonus
    $65,998
    Other
    $7,418
    Deferred
    $14,850
    Nontaxable benefits
    $22,266
    Filer's total
    $437,267

  • DOUG RYDER

    FORMER OFFICER

    Total calculated
    $436,141
    From this org
    $0
    From related orgs
    $428,659
    Other
    $7,482
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $428,659 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,482 related
    Filer's total
    $0 + $436,141 related

  • JULIE KEESE

    ASST TREA AS OF 1/24; VP AND CFO

    Total calculated
    $342,697
    From this org
    $222,244
    From related orgs
    $77,694
    Other
    $42,759
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $221,751 + $28,889 related
    Bonus
    $0 + $48,560 related
    Other
    $493 + $245 related
    Deferred
    $13,692 + $4,786 related
    Nontaxable benefits
    $21,028 + $3,253 related
    Filer's total
    $256,964 + $85,733 related

  • DOUG STRONG

    DIR, INTERIM PRES & CEO AS OF 1/24

    Total calculated
    $284,484
    From this org
    $0
    From related orgs
    $274,446
    Other
    $10,038
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,218 related
    Bonus
    $0
    Other
    $0 + $13,228 related
    Deferred
    $0 + $3,918 related
    Nontaxable benefits
    $0 + $6,120 related
    Filer's total
    $0 + $284,484 related

  • LARRY WARREN

    TRINITY DIR THR 12/23; DIR AT 1/24

    Total calculated
    $90,000
    From this org
    $0
    From related orgs
    $90,000
    Other
    $0
    Hours/week
    1 + 9 related

  • DOUGLAS MURPHY MD

    DIR THR 12/23, ON CALL PHYSICIAN

    Total calculated
    $77,120
    From this org
    $77,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • TEGAN HICKS

    ASST SECY AS OF 1/24; ASSOCIATE CNSL

    Total calculated
    $50,981
    From this org
    $0
    From related orgs
    $48,838
    Other
    $2,143
    Hours/week
    50

  • AJAY GUPTA

    DIRECTOR; CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CARMEN LARSEN

    DIRECTOR; TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ELSBETH MULVANEY CSC

    DIRECTOR; VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SHARLET WAGNER CSC

    DIRECTOR; SECRETARY AS OF 1/24

    Total calculated
    $0
    Hours/week
    1

  • UMA AHLUWALIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSE BLACKBURNE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID ANTHONY HILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARGARETIA JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDRA KWEDER MD

    DIRECTOR AS OF 1/24

    Total calculated
    $0
    Hours/week
    1

  • ROBIN MADDEN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LESLIE MASIKY

    DIRECTOR AS OF 1/24

    Total calculated
    $0
    Hours/week
    1

  • MARC POTASH

    DIRECTOR THROUGH 12/23

    Total calculated
    $0
    Hours/week
    1

  • ERIC SCHOOMAKER MD

    DIRECTOR THROUGH 12/23

    Total calculated
    $0
    Hours/week
    1

  • JACQUELINE WATSON DO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
HOLY CROSS HEALTH IS A SUBSIDIARY IN THE TRINITY HEALTH SYSTEM. HOLY CROSS HEALTH'S CEO IS PAID DIRECTLY BY THE SYSTEM'S PARENT ENTITY, TRINITY HEALTH CORPORATION. TRINITY HEALTH CORPORATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF HOLY CROSS HEALTH'S CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINES 4A-B
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS IN CALENDAR 2023. THESE AMOUNTS ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: ANNE GILLIS - $123,904 DOUG RYDER - $297,128 ELIZABETH SIMPSON - $42,938 COLUMN F OF SCHEDULE J, PART II INCLUDES THE PORTION OF THESE AMOUNTS THAT WERE REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS. IN ADDITION, COLUMN C OF SCHEDULE J, PART II INCLUDES THE FOLLOWING SEVERANCE AMOUNTS, WHICH WERE UNPAID AS OF 12/31/23: ANNE GILLIS - $198,246 (PAID IN 2024) ELIZABETH SIMPSON - $276,030 (PAID IN 2024) THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2023. THE PLAN PROVIDES RETIREMENT BENEFITS TO CERTAIN TRINITY HEALTH EXECUTIVES SUBJECT TO MEETING SPECIFIED VESTING AND EMPLOYMENT DATE REQUIREMENTS. PARTICIPANTS' VESTED BENEFITS WERE PAID OUT IN 2023, AND THEIR NON-VESTED BENEFITS FOR 2023 WERE ACCRUED. THE FOLLOWING PAYOUTS FOR 2023 FOR THE PLAN ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: NORVELL COOTS - $137,655 LOUIS DAMIANO - $74,625 STEVEN FOWLER - $17,066 DOUG RYDER - $122,411 THE FOLLOWING ACCRUALS FOR 2023 ARE INCLUDED IN COLUMN C OF SCHEDULE J, PART II: STEVEN FOWLER - $46,032 TINA WEATHERWAX-GRANT - $95,115 THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH RESTORATION PLAN. THE RESTORATION PLAN PROVIDES RETIREMENT BENEFITS FOR CERTAIN TRINITY HEALTH SYSTEM OFFICE EXECUTIVES WITH EARNINGS ABOVE THE IRS PAY CAP FOR QUALIFIED PLANS ($330,000 FOR 2023). THE FOLLOWING PAYOUTS FOR 2023 FOR THIS PLAN ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: ANNICE CODY - $3,312 GRIFFIN DAVIS - $0 ANNE GILLIS - $2,174 ELIZABETH SIMPSON - $2,242 DOUG STRONG - $5,249

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349303435

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