Meritus Medical Center Inc
84% goes to programs $0 to raise $100 Strong reserves Growing revenue
Meritus Medical Center Inc is a 501(c)(3) organization based in Hagerstown, Maryland, registered in 1937, with $633,589,477 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
11116 Medical Campus Rd, Hagerstown, MD, 21742 EIN 52-0607949 Since 1937
Revenue (FY2023)
$633.6M
▲ 12.5% vs prior year
Health median: $840K
Expenses (FY2023)
$591.2M
Net assets
$488.9M
Employees
4,129
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 rating84% 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 Meritus Medical Center Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +7% 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 Meritus Medical Center Inc: 10 mo reserves · +7% 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 Meritus Medical Center Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Meritus Medical Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The mission of meritus medical center, inc. (mmc) is to improve the health of our community.
Contact & location
- Address
- 11116 Medical Campus Rd, Hagerstown, MD, 21742
- City
- Hagerstown
- State
- Maryland
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $346.3M (FY2013) to $633.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $422.7MNet assets $488.9M
Operating margin
6.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$911.6M
Total liabilities
$422.7M
Net assets
$488.9M
Salaries & benefits
$299.2M
51% of expenses
Board members
12
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $633,589,477▲12.5% | $591,207,543▲12.9% | $488,861,870▲14.5% | $911,559,587▲9.0% | 990 |
| 2022 | $563,370,299▲5.8% | $523,726,941▲5.6% | $426,931,702▲20.1% | $836,085,210▲6.7% | 990 |
| 2021 | $532,373,187▲6.9% | $496,167,812▲15.8% | $355,350,829▼8.3% | $783,798,667▼2.3% | 990 |
| 2020 | $498,108,726▲21.5% | $428,317,007▲4.7% | $387,541,550▲37.9% | $801,968,935▲15.1% | 990 |
| 2019 | $410,126,603▲1.3% | $409,109,624▼0.6% | $281,006,970▲0.8% | $696,768,766▲14.8% | 990 |
| 2018 | $404,942,155▼1.7% | $411,779,989▲4.1% | $278,904,754▼0.9% | $607,113,019▼0.7% | 990 |
| 2017 | $411,987,777▼2.4% | $395,477,861▲3.7% | $281,437,400▲23.0% | $611,483,521▲2.5% | 990 |
| 2016 | $422,124,727▲20.9% | $381,199,340▲4.9% | $228,757,236▲12.0% | $596,531,712▲6.8% | 990 |
| 2015 | $349,060,439▼3.4% | $363,455,562▲8.2% | $204,241,729▼26.4% | $558,783,411▼4.0% | 990 |
| 2014 | $361,374,772▲4.4% | $335,824,657▲0.9% | $277,612,349▲7.9% | $581,793,696▲4.9% | 990 |
| 2013 | $346,291,703 | $332,861,198▼0.9% | $257,272,055▲11.2% | $554,456,199▲4.3% | 990 |
| 2012 | — | $336,031,413▲6.9% | $231,290,181▲78.0% | $531,472,385▲21.8% | 990 |
| 2011 | — | $314,264,502▲14.2% | $129,964,772▲11.0% | $436,170,748▲1.8% | 990 |
| 2010 | — | $275,236,793 | $117,076,459 | $428,264,494 | 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: Maulik Joshi Dr Ph — $1,235,915 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Maulik Joshi Dr Ph | President & Ceo | 50 | $1,235,915 |
| Mahinur Khan Md | Physician | 50 | $850,870 |
| Kiranpreet Khosa Md | Physician | 50 | $838,318 |
| Victoria Giffi Md | Physician | 50 | $831,366 |
| Gentian Toshkezi Md | Physician | 50 | $641,489 |
| Ijeoma Ifeanyi-nwanze Md | Physician | 50 | $580,869 |
| Carrie Adams | Chief Operating Officer | 50 | $487,972 |
| David Lehr | Chief Strategy Officer | 50 | $480,723 |
| Joshua Repac | Cfo/treasurer | 50 | $445,608 |
| Lynn Haines | Vp, Legal Services/secretary | 50 | $314,984 |
| Thomas T Chan | Former Cfo/treasurer | 50 | $158,346 |
| Kalim Ahmed Md | Director (as of 10/2023) | 20 | $34,167 |
| Tom Amalfitano Md | Director (thru 9/2023) | 20 | $25,000 |
| Shaheen Iqbal Md | Director | 20 | $21,242 |
| Al Martin | Director | 3 | — |
| Barbara Jacobs Rn | Director | 3 | — |
| Erin Hershey | Director | 3 | — |
| James Kercheval | Director | 3 | — |
| James Stojak | Director | 3 | — |
| Kent Reynolds | Vice Chair | 3 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Qualivis | Medical | $15,684,504 |
| Trimedx LLC | Medical | $4,129,958 |
| Mercy Specialized Billing Svcs | Medical | $2,074,216 |
| Roche Diagnostics Corp | Medical | $2,068,448 |
| First Colonies Anesthesia | Medical | $2,023,896 |
Grants received · $59K total
2 grants to Meritus Medical Center Inc totaling $59K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Baltimore Community Foundation Inc | General support and various projects | 2023 | $49,000 |
| Health Research and Educational Trust | Foster mcgaw prize finalist | 2023 | $10,000 |
Grants made · $70K in FY2016
1 grant totaling $70K in FY2016. All grants made by Meritus Medical Center Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Meritus Healthcare Foundation Inc | Support for quality healthcare | $70,000 |
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Frequently asked questions
- Is Meritus Medical Center Inc a legitimate nonprofit?
- Yes. Meritus Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-0607949, based in Hagerstown, Maryland. Donations are tax-deductible.
- What is Meritus Medical Center Inc's EIN?
- Meritus Medical Center Inc's Employer Identification Number (EIN) is 52-0607949.
- How much revenue does Meritus Medical Center Inc report?
- Meritus Medical Center Inc reported $633,589,477 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Meritus Medical Center Inc's spending goes to programs?
- Meritus Medical Center Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Meritus Medical Center Inc have?
- CharityIndex grades Meritus Medical Center Inc A, based on program efficiency and fundraising cost.
- How much does Meritus Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Meritus Medical Center Inc's latest Form 990 is $1,235,915, paid to Maulik Joshi Dr Ph (President & Ceo).
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Data for Meritus Medical Center Inc (EIN 52-0607949) 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.