Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,359,399

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $386,543 · excluded $386,543

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $4,590,862

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

  securities $3,958,047

• 7c · Gain or loss

  securities $632,815 · other assets $0

• 8a · Fundraising events: gross income

  $236,290

• 8b · Fundraising events: direct expenses

  $33,908

• 8c · Net income from fundraising events

  total $202,382 · excluded $202,382

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 11f · Fees: investment management

  total $41,189 · management and general $41,189

• 11g · Fees: other

  total $438,018 · program services $424,877 · management and general $13,141 · fundraising $0

• 13 · Office expenses

  total $683,483 · program services $652,582 · management and general $8,116 · fundraising $22,785

• 16 · Occupancy

  total $14,519 · program services $14,364 · management and general $79 · fundraising $76

• 22 · Depreciation, depletion and amortization

  total $62,426 · program services $62,426

• 24a · Other expenses: Supplies

  total $74,596 · program services $74,596

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $591,758 · end of year $1,785,150

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

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

  $2,006,841

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

  $1,562,056

• 10c · Land, buildings and equipment, net

  beginning of year $696,864 · end of year $444,785

• 11 · Investments: publicly traded securities

  beginning of year $14,975,406 · end of year $16,533,474

• 12 · Investments: other securities

  beginning of year $268,881 · end of year $297,179

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $173,379 · end of year $69,355

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $322,259 · end of year $1,177,382

• 27 · Net assets without donor restrictions

  beginning of year $15,768,390 · end of year $17,516,672

• 28 · Net assets with donor restrictions

  beginning of year $268,881 · end of year $297,179

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

The executive compensation program is designed to carry out the health system mission, to achieve the charitable purpose, to attract, retain, motivate, and reward executive management, and to maintain a competitive position with peer organizations in the region. Oversight of the executive compensation program is provided by the executive compensation committee of the board, composed of the board chairman, vice chairman, immediate preceding chairman, chairman of the finance committee, and the chairman of the governance committee. In addition to the board's compensation committee, we utilized an external independent consultant and market surveys for all executive management compensation. The president and CEO has a written employment contract.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

FREDERICK HEALTH HOSPITAL HAS ONE 457(F) NON QUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN MEMBERS OF SENIOR MANAGEMENT. UNDER THE PLAN, THEY MAY CONTRIBUTE AMOUNTS FROM THEIR COMPENSATION TO THE PLAN AND MAY RECEIVE A DISCRETIONARY EMPLOYER CONTRIBUTION. EMPLOYEES ARE FULLY VESTED IN ALL EMPLOYEE CONTRIBUTIONS TO THE PLAN. VESTING IN EMPLOYER CONTRIBUTIONS OCCURS IN ACCORDANCE WITH THE UNDERLYING PLAN DOCUMENTS. ALL ASSETS OF THE PLAN ARE HELD IN A SEPARATE TRUST SUBJECT TO INVESTMENT MARKET ACTIVITY. UPON VESTING, THE PLAN BECOMES REPORTABLE AS IRS COMPENSATION. TOTAL HOSPITAL CONTRIBUTIONS TO THIS PLAN WERE AS FOLLOWS: THOMAS A KLEINHANZL - $111,648 HANNAH JACOBS - $44,431

Schedule J, Part II LINE1(i)

TOTAL COMPENSATION INCLUDES PAYOUTS FROM RETIREMENT AND DEFERRED COMPENSATION PLANS WHICH WERE EARNED AND REPORTED IN PRIOR YEAR'S FILINGS, SEE COLUMN (F) FOR THE PREVIOUSLY REPORTED AMOUNT INCLUDED IN COLUMN (B)(III). TOTAL COMPENSATION ALSO INCLUDES TAXABLE AND NON-TAXABLE BENEFITS SUCH AS HEALTH AND LIFE INSURANCE.

Related corporations and trusts

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

• Frederick Health Services Corporation

  C Corporation · Health Care · MD · controlled entity

  Directly controlled by NA

• Monocacy Insurance LTD

  C Corporation · INSURANCE · CJ · controlled entity

  Directly controlled by NA