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Nonprofiteer
← MEDSTAR HEALTH INC

Form 990 for tax year 2023

Filed by MEDSTAR HEALTH INC.

Totals

Total revenue
$363,603,125
Total expenses
$298,423,419
Contributions and grants received
$5,315,609
Grants paid
$14,419,384
Program service revenue
$271,502,992
Investment income
$77,472,526
Other revenue
$9,311,998
Total assets, end of year
$3,406,041,925
Total liabilities, end of year
$2,670,927,095
Net assets or fund balances, end of year
$735,114,830
Program services expenses (Part IX)
$296,404,711
Management and general expenses
$0
Fundraising expenses
$2,018,708
Program service expenses (Part III)
$296,404,711

Program services were 99.3% 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.

  • 1e · Government grants (contributions)

    $4,566,561

  • 1f · All other contributions, gifts and grants

    $749,048

  • 2a · Program service revenue: GREENSPRING FEE

    total $246,074,785 · related or exempt $246,074,785

  • 2b · Program service revenue: OTHER HEALTH REVENUE

    total $24,999,904 · related or exempt $24,999,904

  • 2c · Program service revenue: HEALTH EDUCATION

    total $428,303 · related or exempt $428,303

  • 3 · Investment income

    total $43,564,227 · unrelated business $889 · excluded $43,563,338

  • 7a · Gross sales of assets other than inventory

    securities $33,908,299

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

    securities $0

  • 7c · Gain or loss

    securities $33,908,299

  • 7d · Net gain or loss

    total $33,908,299 · excluded $33,908,299

  • 11a · Other revenue: REBATE INCOME

    total $4,830,540 · excluded $4,830,540

  • 11b · Other revenue: OTHER INCOME/LOSS

    total $4,481,458 · excluded $4,481,458

  • 11e · Other revenue, total

    $9,311,998

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,419,384 · program services $14,419,384

  • 5 · Compensation of officers, directors and key employees

    total $20,869,525 · program services $20,869,525

  • 6 · Compensation of disqualified persons

    total $632,370 · program services $632,370

  • 7 · Other salaries and wages

    total $147,810,317 · program services $147,810,317

  • 8 · Pension plan contributions

    total $2,638,098 · program services $2,638,098

  • 9 · Other employee benefits

    total $4,285,465 · program services $4,285,465

  • 10 · Payroll taxes

    total $7,626,226 · program services $7,626,226

  • 11b · Fees: legal

    total $8,714,077 · program services $8,714,077

  • 11c · Fees: accounting

    total $2,262,484 · program services $2,262,484

  • 11d · Fees: lobbying

    total $408,565 · program services $408,565

  • 11e · Fees: professional fundraising services

    total $2,018,708 · fundraising $2,018,708

  • 11g · Fees: other

    total $31,120,219 · program services $31,120,219

  • 12 · Advertising and promotion

    total $16,382,633 · program services $16,382,633

  • 13 · Office expenses

    total $9,380,446 · program services $9,380,446

  • 16 · Occupancy

    total $9,842,699 · program services $9,842,699

  • 17 · Travel

    total $686,983 · program services $686,983

  • 19 · Conferences, conventions and meetings

    total $191,910 · program services $191,910

  • 20 · Interest

    total $7,196,258 · program services $7,196,258

  • 22 · Depreciation, depletion and amortization

    total $3,618,585 · program services $3,618,585

  • 23 · Insurance

    total $1,479,500 · program services $1,479,500

  • 24a · Other expenses: MAINTENANCE

    total $5,943,592 · program services $5,943,592

  • 24b · Other expenses: UTILITIES

    total $1,480,747 · program services $1,480,747

  • 24c · Other expenses: FOOD SERVICES/SUPPLIES

    total $242,953 · program services $242,953

  • 24d · Other expenses: BAD DEBT

    total $3,500 · program services $3,500

  • 24e · All other expenses

    total -$831,825 · program services -$831,825

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $433,724,655 · end of year $412,593,145

  • 2 · Savings and temporary cash investments

    beginning of year $161,650,844 · end of year $166,562,624

  • 4 · Accounts receivable

    beginning of year $22,139,397 · end of year $36,993,041

  • 8 · Inventories for sale or use

    beginning of year $6,167,102 · end of year $4,884,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,192,445 · end of year $6,118,254

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

    $65,711,280

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

    $34,169,031

  • 10c · Land, buildings and equipment, net

    beginning of year $21,584,755 · end of year $31,542,249

  • 12 · Investments: other securities

    beginning of year $2,086,492,676 · end of year $2,223,932,028

  • 14 · Intangible assets

    beginning of year $264,513,924 · end of year $261,036,847

  • 15 · Other assets

    beginning of year $202,008,566 · end of year $262,378,998

  • 17 · Accounts payable and accrued expenses

    beginning of year $426,631,064 · end of year $458,395,634

  • 19 · Deferred revenue

    beginning of year $814,593 · end of year $969,258

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,669,713,145 · end of year $1,631,799,254

  • 24 · Unsecured notes and loans payable

    beginning of year $130,588,825 · end of year $130,588,825

  • 25 · Other liabilities

    beginning of year $492,114,885 · end of year $449,174,124

  • 27 · Net assets without donor restrictions

    beginning of year $478,578,747 · end of year $730,541,330

  • 28 · Net assets with donor restrictions

    beginning of year $5,033,105 · end of year $4,573,500

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

PLAN, DEVELOP, COORDINATE, DIRECT AND MANAGE AN INTEGRATED HEALTHCARE SYSTEM.

  • SEE SCHEDULE OAS THE PARENT COMPANY IN AN INTEGRATED HEALTHCARE SYSTEM, MEDSTAR HEALTH, INC. ESTABLISHES THE STRATEGIC DIRECTION FOR ITS AFFILIATED ENTITIES. MEDSTAR HEALTH'S SOLE PROGRAM SERVICE IS THE MANAGEMENT AND SUPPORT OF ITS AFFILIATED ENTITIES. THE PROGRAM SERVICE EXPENSES INCURRED BY THE ORGANIZATION RELATE TO CORPORATE SERVICE DEPARTMENTS AND FUNCTIONS FOR: ACADEMIC AFFAIRS, BUSINESS DEVELOPMENT, COMMUNITY HEALTH, COMPLIANCE, DIGITAL PLATFORM DEVELOPMENT, FINANCE, GOVERNMENT AFFAIRS, GRADUATE MEDICAL EDUCATION, HUMAN RESOURCES, INFORMATION SERVICES, INTERNAL AUDIT, LEGAL, MANAGED CARE, PHILANTHROPY, PRIVACY, QUALITY & SAFETY, RISK MANAGEMENT, STRATEGIC PLANNING & MARKETING, AND TREASURY.

    Expenses $296,404,711 · Grants $14,419,384 · Revenue $271,502,992

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

Listed in Part VII

  • Kenneth A Samet

    CEO AND PRESIDENT

    Total calculated
    $7,189,835
    From this org
    $7,083,748
    From related orgs
    $0
    Other
    $106,087
    Hours/week
    29 + 11 related

    Schedule J breakdown matched by us

    Base
    $2,308,151
    Bonus
    $3,403,165
    Other
    $1,372,432
    Deferred
    $68,539
    Nontaxable benefits
    $37,548
    Filer's total
    $7,189,835

  • Leigh Ann Curl MD

    DIRECTOR

    Total calculated
    $1,570,409
    From this org
    $0
    From related orgs
    $1,537,722
    Other
    $32,687
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,156,253 related
    Bonus
    $0 + $381,469 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $23,537 related
    Filer's total
    $0 + $1,570,409 related

  • Christopher G Kalhorn MD

    DIRECTOR

    Total calculated
    $1,200,191
    From this org
    $0
    From related orgs
    $1,167,921
    Other
    $32,270
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,010,654 related
    Bonus
    $0 + $157,267 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $23,120 related
    Filer's total
    $0 + $1,200,191 related

  • Allen J Taylor MD

    DIRECTOR

    Total calculated
    $843,064
    From this org
    $0
    From related orgs
    $831,757
    Other
    $11,307
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $730,657 related
    Bonus
    $0 + $101,100 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $2,157 related
    Filer's total
    $0 + $843,064 related

  • Anthony J Buzzelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas P Joyce Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vincent J Martorana Dpm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John J Degioia PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James A Dorta MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Ourisman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rev Dr Gwendolyn E Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary H Tabach

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eben D Finney III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory S Proctor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adaeze Enekwechi PhD Mpp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tamla Olivier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosie Allen-Herring

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • William Matt Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Randolph MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Nelson

    EVP & CFO

    Total calculated
    $2,252,766
    From this org
    $2,207,257
    From related orgs
    $0
    Other
    $45,509
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,033,926
    Bonus
    $1,173,331
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $36,359
    Filer's total
    $2,252,766

  • Oliver M Johnson II

    EVP

    Total calculated
    $2,084,181
    From this org
    $2,040,968
    From related orgs
    $0
    Other
    $43,213
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $950,707
    Bonus
    $1,090,261
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $34,063
    Filer's total
    $2,084,181

  • Stephen Evans MD

    EVP

    Total calculated
    $2,889,675
    From this org
    $2,826,175
    From related orgs
    $0
    Other
    $63,500
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,332,096
    Bonus
    $1,494,079
    Other
    $0
    Deferred
    $21,798
    Nontaxable benefits
    $41,702
    Filer's total
    $2,889,675

  • M Joy Drass MD

    EVP

    Total calculated
    $4,397,519
    From this org
    $4,328,131
    From related orgs
    $0
    Other
    $69,388
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,560,255
    Bonus
    $1,752,876
    Other
    $1,015,000
    Deferred
    $41,656
    Nontaxable benefits
    $27,732
    Filer's total
    $4,397,519

  • Eric Wagner

    EVP

    Total calculated
    $2,055,549
    From this org
    $2,029,086
    From related orgs
    $0
    Other
    $26,463
    Hours/week
    33 + 7 related

    Schedule J breakdown matched by us

    Base
    $514,910
    Bonus
    $958,232
    Other
    $555,944
    Deferred
    $9,150
    Nontaxable benefits
    $17,313
    Filer's total
    $2,055,549

  • Loretta Walker

    SVP

    Total calculated
    $1,691,706
    From this org
    $1,643,431
    From related orgs
    $0
    Other
    $48,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $774,170
    Bonus
    $869,261
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $39,125
    Filer's total
    $1,691,706

  • Susan Eckert

    SVP & CHIEF NURSING OFFICE

    Total calculated
    $1,439,841
    From this org
    $1,381,768
    From related orgs
    $0
    Other
    $58,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $480,808
    Bonus
    $475,690
    Other
    $425,270
    Deferred
    $41,316
    Nontaxable benefits
    $16,757
    Filer's total
    $1,439,841

  • Michael Sachtleben

    SVP & COO, WASHINGTON REGION

    Total calculated
    $2,001,003
    From this org
    $1,941,891
    From related orgs
    $0
    Other
    $59,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $994,316
    Bonus
    $947,575
    Other
    $0
    Deferred
    $24,673
    Nontaxable benefits
    $34,439
    Filer's total
    $2,001,003

  • David H Song MD

    VP OF MEDICAL AFFAIRS & CMO

    Total calculated
    $1,954,934
    From this org
    $1,921,856
    From related orgs
    $0
    Other
    $33,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,651,964
    Bonus
    $269,892
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $23,928
    Filer's total
    $1,954,934

  • Bradley Chambers

    SVP & COO, BALITMORE REGION

    Total calculated
    $1,740,931
    From this org
    $1,681,164
    From related orgs
    $0
    Other
    $59,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $884,291
    Bonus
    $796,873
    Other
    $0
    Deferred
    $25,052
    Nontaxable benefits
    $34,715
    Filer's total
    $1,740,931

  • Michael J Curran

    FORMER EVP & CAO

    Total calculated
    $632,370
    From this org
    $621,601
    From related orgs
    $0
    Other
    $10,769
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $393,240
    Bonus
    $228,361
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,769
    Filer's total
    $632,370

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 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)

SCHEDULE J, PART I, LINE 1A
SOCIAL CLUB DUES THE ORGANIZATION PAID SOCIAL CLUB DUES FOR ONE OF ITS OFFICERS DURING THIS YEAR. PARTICIPATION IN THESE ACTIVITIES BY THE OFFICER WAS FOR BUSINESS PURPOSES, AND HELPED THE ORGANIZATION FURTHER ITS EXEMPT PURPOSES.
SCHEDULE J, PART III
DETAILED BELOW ARE SEVERAL ONE-TIME PAYMENTS TO CERTAIN EXECUTIVES RELATED TO VARIOUS RETIREMENT, RETENTION AND LONG-TERM INCENTIVE PLANS. THESE PLANS AND PAYMENTS ARE NOT A ROUTINE PART OF THE TYPICAL MEDSTAR EXECUTIVE COMPENSATION PROGRAM, AND SUPPORTED IMPORTANT OBJECTIVES OF OUR ORGANIZATION. MR. SAMET'S OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III) INCLUDES A PAYMENT OF $1,372,432, WHICH REPRESENTS THE CASH VALUE OF THE SPLIT DOLLAR LIFE INSURANCE POLICY ASSIGNED TO MR. SAMET. ERIC WAGNER'S OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III) INCLUDES $429,576 REPRESENTING SEVERANCE PAYMENTS RECEIVED BY MR.WAGNER. JOY DRASS' OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III) INCLUDES $1,015,000 REPRESENTING A LONG-TERM RETENTION ARRANGEMENT. SUSAN ECKERT'S OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III) INCLUDES $355,000 REPRESENTING A LONG-TERM RETENTION ARRANGEMENT.

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.

  • MEDSTAR SPORTSHEALTH LLC

    HEALTHCARE · MD · income $0 · assets $0

    Directly controlled by MEDSTHEALTH

  • MEDSTAR LLC

    SUPPORT ORG · MD · income $0 · assets $0

    Directly controlled by MEDSTHEALTH

  • MEDSTAR SOUTHERN MD MANAGEMENT LLC

    SUPPORT ORG · MD · income $0 · assets $0

    Directly controlled by MEDSTHEALTH

Related partnerships

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

  • MEDSTAR SHAH MSO LLC

    N/A · MGMT SVCS · MD

  • 22590 SHADY COURT LLC

    N/A · REAL ESTATE · MD

  • 24035 THREE NOTCH ROAD LLC

    N/A · REAL ESTATE · MD

  • 37767 MARKET DRIVE LLC

    N/A · REAL ESTATE · MD

  • 26840 POINT LOOKOUT ROAD LLC

    N/A · REAL ESTATE · MD

  • MONTGOMERY COMMUNITY MRI LP

    N/A · MRI SCREENING · MD

  • PHYSIOTHERAPY ASSOCIATES NRH REHAB LLC

    N/A · PHYSIOTHERAPY · PA

  • PHYSICIAN IMAGING OF WASHINGTON HOSPITAL CENTER LLC

    N/A · RADIOLOGY SVC · TN

  • FRANKLIN IMAGING LLC

    N/A · IMAGING · MD

  • 10 ST PATRICK'S DRIVE LLC

    N/A · REAL ESTATE · MD

  • MEDSTAR ENDOSCOPY CTR AT LUTHERVILLELLC

    N/A · SURGERY · MD

  • CAPITAL ENDOSCOPY LLC

    N/A · SURGERY · MD

  • 4240 ALTAMONT PLACE LLC

    N/A · REAL ESTATE · MD

  • MEDSTAR ENDOSCOPY CENTER-SILVER SPRING LLC

    N/A · SURGERY · MD

  • MEDSTAR SURGERY CENTER 1 LLC

    N/A · SURGERY · MD

  • MEDSTAR SURGERY CENTER AT BRANDYWINE LLC

    N/A · SURGERY · MD

  • MEDSTAR SURGERY CENTER AT TIMONIUM LLC

    N/A · SURGERY · MD

Related corporations and trusts

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

  • MEDSTAR PHARMACIES INC

    C · DRUG SALES · MD

  • EXTENCARE INC

    C · MEDICAL SVCS · MD

  • HELIX RESOURCES MANAGEMENT INC

    C · ADMIN SVCS · MD

  • HELIXCARE PROPERTIES LLC

    C · MEDICAL SVCS · MD

  • PARKWAY VENTURES INC

    C · HOLDING CO. · MD

  • PHYSICIANS ADMINISTRATIVE SERVICES INC

    C · BILLING SVCS · MD

  • MEDSTAR FAMILY CHOICE INC

    C · MANAGED CARE · MD

  • MEDSTAR ENTERPRISES INC

    C · ADMIN SERVICE · MD

  • SITEL INC

    C · EDUCATIONAL · MD · 100% owned · controlled entity

    Directly controlled by MEDSTAR HEALTH

  • STAR BILLING INC

    C · BILLING SVCS · MD

  • WASHINGTON RISK NETWORK MANAGEMENT INC

    C · MEDICAL SVCS · MD

  • WASHINGTON HOSPITAL CENTER PHYSICIAN HOS

    C · MEDICAL SVCS · MD

  • MEDSTAR PHYSICIAN PARTNERS INC

    C · MEDICAL SVCS · MD

  • FRANKLIN SQUARE DRIVE LAND CONDO ASSOCIA

    C · CONDOMINIUMS · MD

  • MGH DIVERSIFIED SERVICES INC

    C · MEDICAL SVCS · MD

  • ST MARY'S HEALTH ALLIANCE INC

    C · MEDICAL SVCS · MD

  • GREENSPRING FINANCIAL INSURANCE LIMITED

    C · INSURANCE · CJ · 100% owned · controlled entity

    Directly controlled by MEDSTAR HEALTH

  • ST MARY'S CONDO ASSOCIATION

    C · CONDOMINIUMS · MD

  • MEDSTAR HEALTH INC - INVESTMENT FUND I

    C · INVESTMENTS · CJ · 100% owned · controlled entity

    Directly controlled by MEDSTAR HEALTH

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202521269349303152

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