Holy Cross Health Inc
501(c)(3) Donations tax-deductible
88% goes to programs $0 to raise $100 Strong reserves
Holy Cross Health Inc is a 501(c)(3) organization based in Silver Spring, Maryland, registered in 2013, with $708,972,892 in FY2023 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
1500 Forest Glen Rd, Silver Spring, MD, 20910 EIN 52-0738041 Since 2013
Revenue (FY2023)
$709.0M
▲ 4.0% vs prior year
Expenses (FY2023)
$679.4M
Net assets
$633.4M
Employees
4,883
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Holy Cross Health Inc: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Holy Cross Health Inc: 11 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Holy Cross Health Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Holy Cross Health Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide health care and hospital services
What they do
Mission statementwe, 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.
Holy cross health's team will achieve this trust through:- innovative, high-quality, and safe health care services for all in partnership with our physicians and others- accessibility of services to our most vulnerable and underserved populations- outreach that responds to community health need and improves health status- ongoing learning and sharing of new knowledge- our friendly, caring spirit
Contact & location
- Address
- 1500 Forest Glen Rd, Silver Spring, MD, 20910
- City
- Silver Spring
- State
- Maryland
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $442.8M (FY2013) to $709.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $491.5MNet assets $633.4M
Operating margin
4.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$491.5M
Net assets
$633.4M
Salaries & benefits
$364.3M
54% of expenses
Board members
15
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $708,972,892▲4.0% | $679,398,107▼2.4% | $633,449,685▲11.2% | $1,124,982,797▲3.7% | 990 |
| 2022 | $681,585,216▼2.2% | $695,838,766▲1.6% | $569,609,868▲2.5% | $1,084,380,152▲2.1% | 990 |
| 2021 | $697,211,021▼0.6% | $685,136,605▲10.1% | $555,538,368▼7.9% | $1,062,516,102▼7.8% | 990 |
| 2020 | $701,172,860▲11.5% | $622,457,470▲7.3% | $603,347,287▲27.1% | $1,151,918,907▲11.1% | 990 |
| 2019 | $628,720,499▲3.9% | $580,260,596▲1.4% | $474,810,781▲7.2% | $1,036,467,989▲12.2% | 990 |
| 2018 | $605,061,123▲3.2% | $572,082,256▲4.3% | $442,782,003▲7.5% | $923,534,099▲2.2% | 990 |
| 2017 | $586,387,387▲4.1% | $548,570,479▲0.5% | $411,725,918▲8.5% | $903,821,361▲3.4% | 990 |
| 2016 | $563,433,258▲3.9% | $545,779,285▲4.3% | $379,554,599▲8.0% | $873,789,956▲2.0% | 990 |
| 2015 | $542,144,415▲9.9% | $523,036,793▲10.2% | $351,309,847▲0.2% | $856,786,255▼0.5% | 990 |
| 2014 | $493,363,627▲11.4% | $474,482,425▲17.0% | $350,606,945▲2.2% | $861,260,376▲9.4% | 990 |
| 2013 | $442,755,454 | $405,642,816▲1.8% | $342,894,071▲15.2% | $786,904,235▲33.1% | 990 |
| 2012 | — | $398,318,218▲2.5% | $297,634,865▲22.0% | $591,130,052▲45.6% | 990 |
| 2010 | — | $388,614,941▲4.9% | $243,887,013▲15.5% | $405,868,972▲11.7% | 990 |
| 2009 | — | $370,449,882 | $211,201,175 | $363,353,708 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Riny Karras Md — $608,821 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Riny Karras Md | Thoracic Surgeon | 50 | $608,821 |
| Asante Dickson Md | Medical Director - Radiology | 50 | $596,394 |
| Dawn Walton Md | Hc Germantown Vp Med Affairs To 3/24 | 50 | $425,401 |
| Rhonique Shields Md | Hch Network Vp Medical Affairs | 50 | $400,151 |
| Julie Keese | Asst Trea As of 1/24; Vp and Cfo | 49 | $222,244 |
| Douglas Murphy Md | Dir Thr 12/23, On Call Physician | 5 | $77,120 |
| Ajay Gupta | Director; Chair | 1 | — |
| Anne Gillis | Assistant Treasurer & Cfo Thr 8/23 | 50 | — |
| Annice Cody | President Holy Cross Health Network | 50 | — |
| Carmen Larsen | Director; Treasurer | 1 | — |
| David Anthony Hill | Director | 1 | — |
| Doug Ryder | Former Officer | 0 | — |
| Doug Strong | Dir, Interim Pres & Ceo As of 1/24 | 54 | — |
| Elizabeth Simpson | Asst Secy Thr 12/23;vp Managing Cnsl | 49 | — |
| Elsbeth Mulvaney Csc | Director; Vice Chair | 1 | — |
| Eric Schoomaker Md | Director Through 12/23 | 1 | — |
| Griffin Davis Md | Chief Clinical Officer | 50 | — |
| Jacqueline Watson Do | Director | 1 | — |
| Larry Warren | Trinity Dir Thr 12/23; Dir At 1/24 | 1 | — |
| Leslie Masiky | Director As of 1/24 | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| First Colonies Anesthesia Associates LLC | Clinical Services | $16,472,066 |
| Hallmark Health Care Solutions Inc | Temporary Medical Staffing Services | $6,526,859 |
| F&s Radiology PC | Clinical Services | $4,730,364 |
| Usacs Integrated Acute Care Svcs of Md L | Clinical Services | $4,207,713 |
| Capital Critical Care LLC | Clinical Services | $2,391,204 |
Grants received · $3.3M total
24 grants to Holy Cross Health Inc totaling $3.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| AARP | Community challenge grant to support aarp's livable communities initiative | 2024 | $9,970 |
| Montgomery General Hospital Inc | Organizational support holy cross aspen hill health center | 2023 | $40,000 |
| Trinity Health Corporation | Community welfare - transforming communities & safety grants | 2022 | $297,335 |
| Montgomery General Hospital Inc | Organizational support holy cross aspen hill health center | 2022 | $40,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $25,000 |
| Trinity Health Corporation | Community welfare - it starts here and community grants | 2021 | $102,310 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2021 | $50,136 |
| Montgomery General Hospital Inc | Support holy cross aspen hill health center | 2021 | $40,000 |
| Greater Washington Community Foundation | General support | 2021 | $17,478 |
| Trinity Health Corporation | Community welfare - it starts here grant | 2020 | $60,000 |
| Trinity Health Corporation | Community welfare - innovation, transforming communities initiative and safety grants | 2019 | $649,025 |
| Montgomery General Hospital Inc | Clinic | 2019 | $40,000 |
| Donor Advised Charitable Giving | Health | 2019 | $10,000 |
| Trinity Health Corporation | Community welfare - innovation and transforming communities initiative grants | 2018 | $535,745 |
| Montgomery General Hospital Inc | Clinic | 2018 | $40,000 |
Grants made · $254K in FY2023
2 grants totaling $254K in FY2023. All grants made by Holy Cross Health Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Sisters of the Holy Cross | Support for the formal ministries of the sisters of the holy cross | $154,100 |
| Montgomery College Foundation Inc | Support montgomery college to achieve educational goals | $100,000 |
Frequently asked questions
- Is Holy Cross Health Inc a legitimate nonprofit?
- Yes. Holy Cross Health Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-0738041, based in Silver Spring, Maryland. Donations are tax-deductible.
- What is Holy Cross Health Inc's EIN?
- Holy Cross Health Inc's Employer Identification Number (EIN) is 52-0738041.
- How much revenue does Holy Cross Health Inc report?
- Holy Cross Health Inc reported $708,972,892 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Holy Cross Health Inc's spending goes to programs?
- Holy Cross Health Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Holy Cross Health Inc have?
- CharityIndex grades Holy Cross Health Inc A, based on program efficiency and fundraising cost.
- How much does Holy Cross Health Inc's highest-paid employee make?
- The highest reported compensation on Holy Cross Health Inc's latest Form 990 is $608,821, paid to Riny Karras Md (Thoracic Surgeon).
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Data for Holy Cross Health Inc (EIN 52-0738041) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.