Carroll Hospital Center Inc
OUR COMMUNITIES EXPECT AND DESERVE SUPERIOR MEDICAL TREATMENT, COMPASSIONATE CARE, AND EXPERT GUIDANCE IN MAINTAINING THEIR HEALTH AND WELL-BEING. (CONTINUED IN SCH O)
IRS Tax Year 2022
Period ending June 30, 2023
Total Revenue
$283.9M
Total Expenses
$259.3M
Net Assets
$242.1M
Employees
1,820
Volunteers
226
Grants Paid
$1.3M
Program Expense Ratio
86.1%
This nonprofit profile presents IRS Form 990 tax filing data for Carroll Hospital Center Inc (EIN: 52-1452024), based on the 2022 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Carroll Hospital Center Inc is a 501(c)(3) nonprofit headquartered in WESTMINSTER, MD, founded in 1957. The organization has held tax-exempt status since 1990. In its 2022 filing, the organization reported $283.9M in total revenue, a 1.7% increase from the prior year, and $259.3M in total expenses. The organization employed 1,820 people and engaged 226 volunteers. NEIL M MELTZER, DIRECTOR/LBH PRESIDENT/CEO, is the highest-compensated individual at $4,027,911. The organization runs 2 programs, totaling $223.3M in program expenses. 5 of 6 recommended governance policies are in place. Executive benefits include club dues.
Carroll Hospital Center Inc is classified under NTEE code E220. Its foundation type is 12.
Programs(Tax Year 2022)
2 records
Carroll Hospital Center Inc operates 2 programs, with total program expenses of $223.3M. Carroll Hospital Center Inc's largest program accounts for 90% of total program spending.
SEE SCHEDULE O
CARROLL COUNTY RADIOLOGY - PROVIDING A FULL ARRAY OF RADIOLOGY SERVICES TO PATIENTS IN THE CARROLL COUNTY AREA.
Financial Overview(Tax Years 2019–2022)
4 records
Over the past 4 years, Carroll Hospital Center Inc's revenue has grown from $248.0M to $283.9M, a 14.5% increase. Program expenses represent 86% of total spending.
Revenue increased 1.7% year-over-year, while expenses grew 1.5%. net assets rose to $242.1M, up 5.6% from the prior year. the organization reduced headcount by 17 employees.
Carroll Hospital Center Inc derives 4% from contributions and grants, with 93% from program services, with 3% from investment income.
Revenue is heavily concentrated: 93% comes from program service revenue, indicating limited diversification.
Carroll Hospital Center Inc allocates 86% to programs, 14% to management and general.
Revenue grew by 1.7% and expenses grew by 1.5% year over year.
Carroll Hospital Center Inc distributed $1.3M in grants to other organizations and individuals, representing 1% of total expenses.
Over 4 filings from 2019–2022, Carroll Hospital Center Inc grew revenue from $248.0M to $283.9M (+14.5%) while maintaining a program expense ratio of 86%. During this period, the organization reduced from 2,089 to 1,820 employees.
Carroll Hospital Center Inc holds $401.8M in total assets against $159.8M in liabilities (debt-to-asset ratio of 40%). The organization has 11.2 months of operating reserves. Cash and equivalents of $2K cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2022 | $283.9M | $10.2M | $2.0M | $262.8M | $7.6M |
| 2021 | $279.1M | $4.5M | $329K | $256.7M | $11.4M |
| 2020 | $273.8M | $12.8M | $7.3M | $247.9M | $10.8M |
| 2019 | $248.0M | $12.9M | $6.7M | $224.7M | $8.1M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2022 | $259.3M | $223.3M | $36.0M | $0 | $1.3M |
| 2021 | $255.5M | $213.8M | $41.7M | $0 | $1.3M |
| 2020 | $240.7M | $197.0M | $43.6M | $0 | $1.3M |
| 2019 | $222.3M | $180.3M | $41.9M | $72K | $1.3M |
Program Expense Ratio
86.1%
Admin Expense Ratio
13.9%
Fundraising Efficiency
—
Operating Reserve
11.2 mo
People & Compensation(Tax Year 2022)
33 records
Carroll Hospital Center Inc reported compensation for 33 officers and key employees. Total officer compensation was $16.0M, representing 6.2% of total expenses. 10 individuals received total compensation exceeding $500,000.
Carroll Hospital Center Inc's highest-compensated individual received $4.0M in total compensation. Total officer compensation of $16.0M represents 6.2% of total expenses. 3 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| NEIL M MELTZER | DIRECTOR/LBH PRESIDENT/CEO | Director | 1.00 | $0 | $3,617,972 | $4,027,911 |
| DAVID KRAJEWSKI | ASSISTANT TREASURER | Officer | 1.00 | $0 | $1,734,148 | $2,261,085 |
| LESLIE R SIMMONS | FORMER DIR./PRES. CHC/COO LBH | Former | — | $0 | $1,643,643 | $1,908,539 |
| FLAVIO W KRUTER MD | PHYSICIAN | Highest Comp | 40.00 | $890,266 | $0 | $918,786 |
| QIWEI GAI MD | PHYSICIAN | Highest Comp | 40.00 | $751,113 | $0 | $777,717 |
| MARK D OLSZYK | CHIEF MEDICAL OFFICER/VP | Key Employee | 40.00 | $674,940 | $0 | $735,172 |
| DARLENE GABEAU MD | PHYSICIAN | Highest Comp | 40.00 | $650,971 | $0 | $681,180 |
| GARRETT W HOOVER | DIRECTOR/PRESIDENT/COO OF CHC | OfficerDirector | 40.00 | $629,156 | $0 | $656,258 |
| JAMES ROBERGE | VP CAPITAL IMPROV.&SUPPORT,LBH | Key Employee | 1.00 | $0 | $484,728 | $579,549 |
| MICHAEL MYERS | CFO CHC | Key Employee | 40.00 | $429,059 | $0 | $516,935 |
| NANCY KANE | VP FINANCIAL REPORTING, LBH | Key Employee | 1.00 | $0 | $389,180 | $495,020 |
| TERRENCE CARNEY | VP SUPPLY CHAIN, LBH | Key Employee | 1.00 | $0 | $447,427 | $469,947 |
| JED S ROSEN MD | CHIEF OF SURGERY | Former | — | $400,284 | $0 | $426,879 |
| CRIS COLEMAN | VP FIN CARROLL, CFO LEVINDALE | Former | — | $326,007 | $0 | $376,332 |
| SHARON L MCCLERNAN | VP OF CLINICAL INTEGRATION | Highest Comp | 40.00 | $307,476 | $0 | $370,223 |
| BAKHTIARI MOHAMMAD | CHIEF MEDICAL PHYSICIST | Highest Comp | 40.00 | $279,334 | $0 | $291,240 |
| LEIGH CHAPMAN | CNO, VP Patient Care Svcs | Key Employee | 40.00 | $236,294 | $0 | $273,442 |
| STEPHANIE J REID | CNO/VP PATIENT CARE SERVICES | Former | — | $246,265 | $0 | $253,868 |
| THOMAS ZIRPOLI | VICE CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| MARTIN KP HILL | SECRETARY | OfficerDirector | 1.00 | $0 | $0 | $0 |
| CHRISTOPHER GROVE MD | DIRECTOR/PRESIDENT MED. STAFF | Director | 1.00 | $0 | $0 | $0 |
| BRIAN MOFFET | DIRECTOR/CHAIRMAN OF LBH | Director | 1.00 | $0 | $0 | $0 |
| ALEX MYERS | DIRECTOR/FDN BOARD CHAIR | Director | 1.00 | $0 | $0 | $0 |
| SUE CHAMBERS | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DAMIAN HALSTAD | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| TODD HERRING | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| KIRAN KUNA MD | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MARCUS L PRIMM | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DEBORAH SEIDEL | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JACK TEVIS | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DAVID S BOLLINGER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DREWRY WHITE MD | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ALEC YEO | CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
NEIL M MELTZER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
DAVID KRAJEWSKI
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
LESLIE R SIMMONS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
FLAVIO W KRUTER MD
Base Salary
$794,974
Bonus
$92,845
Other Reportable
$2,447
Retirement/Deferred
$9,007
Nontaxable Benefits
$19,513
Executive Perks
MARK D OLSZYK
Base Salary
$471,948
Bonus
$131,423
Other Reportable
$71,569
Retirement/Deferred
$58,949
Nontaxable Benefits
$1,283
Executive Perks
QIWEI GAI MD
Base Salary
$467,201
Bonus
$283,138
Other Reportable
$774
Retirement/Deferred
$2,053
Nontaxable Benefits
$24,551
Executive Perks
DARLENE GABEAU MD
Base Salary
$538,840
Bonus
$91,217
Other Reportable
$20,914
Retirement/Deferred
$30,209
Nontaxable Benefits
—
Executive Perks
GARRETT W HOOVER
Base Salary
$393,442
Bonus
$192,570
Other Reportable
$43,144
Retirement/Deferred
$1,936
Nontaxable Benefits
$25,166
Executive Perks
JAMES ROBERGE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
NANCY KANE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
MICHAEL MYERS
Base Salary
$302,809
Bonus
$83,750
Other Reportable
$42,500
Retirement/Deferred
$60,431
Nontaxable Benefits
$27,445
Executive Perks
TERRENCE CARNEY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
JED S ROSEN MD
Base Salary
$373,872
Bonus
$24,126
Other Reportable
$2,286
Retirement/Deferred
$4,458
Nontaxable Benefits
$22,137
Executive Perks
SHARON L MCCLERNAN
Base Salary
$212,826
Bonus
$59,532
Other Reportable
$35,118
Retirement/Deferred
$35,972
Nontaxable Benefits
$26,775
Executive Perks
CRIS COLEMAN
Base Salary
$251,583
Bonus
$68,201
Other Reportable
$6,223
Retirement/Deferred
$40,982
Nontaxable Benefits
$9,343
Executive Perks
BAKHTIARI MOHAMMAD
Base Salary
$278,420
Bonus
$500
Other Reportable
$414
Retirement/Deferred
$1,412
Nontaxable Benefits
$10,494
Executive Perks
STEPHANIE J REID
Base Salary
$134,182
Bonus
$64,957
Other Reportable
$47,126
Retirement/Deferred
$6,490
Nontaxable Benefits
$1,113
Executive Perks
LEIGH CHAPMAN
Base Salary
$207,194
Bonus
$28,408
Other Reportable
$692
Retirement/Deferred
$12,836
Nontaxable Benefits
$24,312
Executive Perks
Top Contractors(Tax Year 2022)
5 records
Carroll Hospital Center Inc reported 5 contractors receiving over $100,000, with total contractor payments of $12.4M.
| Name | Service | Compensation |
|---|---|---|
| CARROLL COUNTY ANESTHESIA ASSOCIATE | ANESTHESIA SERVICES | $3,240,000 |
| MD SPORTSCARE REHABILITATION LLC | REHABILITATION SVCS | $2,506,824 |
| QUALIVIS LLC | AGENCY NURSES | $2,395,534 |
| EMERGENCY MEDICINE ASSOCIATES | PHYSICIAN SERVICES | $2,206,982 |
| ALTEON HEALTH LLC | PHYSICIAN SERVICES | $2,082,486 |
Governance & Compliance(Tax Year 2022)
Carroll Hospital Center Inc has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 17 members, 15 of whom are independent.
Carroll Hospital Center Inc's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2022)
3 records
Unknown person — FAMILY RELATIONSHIP
Unknown person — FAMILY RELATIONSHIP
Unknown person — FAMILY RELATIONSHIP
Grants Awarded(Tax Year 2022)
2 records
Carroll Hospital Center Inc awarded $1.0M across 2 grants to organizations. Top recipients include ACCESS CARROLL (Westminster, MD) — $806K for see part iv; PARTHERSHIP FOR A HEALTHIER CARROLL COUNTY (Westminster, MD) — $201K for see part iv.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| ACCESS CARROLL202146701 | Westminster, MD | $806K | SEE PART IV |
| PARTHERSHIP FOR A HEALTHIER CARROLL COUNTY522156892 | Westminster, MD | $201K | SEE PART IV |
Supplemental Financial Data(Tax Year 2022)
The endowment stands at $97.1M, with $357K in new contributions.
Filing History(Tax Years 1990–2022)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $283.9M | $259.3M | $242.1M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $279.1M | $255.5M | $229.3M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $273.8M | $240.7M | $253.2M |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $248.0M | $222.3M | $161.6M |
| 1990–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Carroll Hospital Center Inc do?
OUR COMMUNITIES EXPECT AND DESERVE SUPERIOR MEDICAL TREATMENT, COMPASSIONATE CARE, AND EXPERT GUIDANCE IN MAINTAINING THEIR HEALTH AND WELL-BEING. (CONTINUED IN SCH O)
How much revenue does Carroll Hospital Center Inc have?
Carroll Hospital Center Inc reported $283,859,283 in total revenue for tax year 2022, up 1.7% from the prior year.
Who is the highest-paid executive at Carroll Hospital Center Inc?
NEIL M MELTZER, DIRECTOR/LBH PRESIDENT/CEO, received $4,027,911 in total compensation as of tax year 2022.
Is Carroll Hospital Center Inc a 501(c)(3)?
Yes, Carroll Hospital Center Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Carroll Hospital Center Inc located?
Carroll Hospital Center Inc is headquartered in WESTMINSTER, MD 21157.
How many employees does Carroll Hospital Center Inc have?
Carroll Hospital Center Inc has 1,820 employees and 226 volunteers as of tax year 2022.
Is Carroll Hospital Center Inc audited?
Yes, Carroll Hospital Center Inc's financial statements are audited, and the organization has an audit committee.
Does Carroll Hospital Center Inc give grants?
Yes, Carroll Hospital Center Inc distributed $1,328,758 in grants to other organizations and individuals in tax year 2022. Top recipients include ACCESS CARROLL, PARTHERSHIP FOR A HEALTHIER CARROLL COUNTY.
Data Source
Prepared by: BDO USA, MCLEAN, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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