Nonprofit · EIN 87-1846814
GRMC INC
Tax-exempt · OAKLAND, MD 21550
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $86,485,707 | $68,649,498 | $17,836,209 | $79,378,149 | $27,049,252 | $52,328,897 |
| December 31, 2023 | 990 | $80,729,147 | $59,713,312 | $21,015,835 | $76,472,147 | $30,431,768 | $46,040,379 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $246,950
- of which government grants
- $96,792
- Program service revenue
- $83,752,130
- Investment income
- $1,552,861
- Net rental income
- $3,000
- Net gain from sales of assets
- $352,256
- Net income from sales of inventory
- $47,977
- Other revenue
- $933,766
Expenses
- Grants and similar amounts paid
- $9,978
- Compensation of officers, directors and key employees
- $1,028,810
- Other salaries and wages
- $24,179,396
- Salaries, compensation and benefits (total)
- $34,976,447
- Professional fundraising fees
- $0
- Accounting fees
- $43,260
- Occupancy
- $938,085
- Travel
- $279,998
- Depreciation
- $2,623,973
- Program services (functional)
- $54,034,288
- Management and general (functional)
- $14,615,210
Balance sheet and other
- Total assets, start of year
- $76,472,147
- Total assets, end of year
- $79,378,149
- Total liabilities, end of year
- $27,049,252
- Net assets, end of year
- $52,328,897
- Land, buildings and equipment
- $23,809,243
- Net assets without donor restrictions
- $51,208,472
- Net assets with donor restrictions
- $1,120,425
- Gross receipts
- $86,618,828
- Employees
- 515
- Volunteers
- 35
- Year formed
- 2021
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| James Venturella | Director, WVUHS Chief Information Officer Trustee or director | 1 | $0 | $803,113 | $163,530 |
| Paul Miller DO | Physician Highest-paid employee | 40 | $520,771 | $0 | $41,806 |
| Mark Boucot | President CEO Officer | 24 | $268,850 | $179,234 | $112,609 |
| Marjorie Fridkin MD | Chief Medical Officer Officer | 24 | $306,107 | $204,071 | $46,797 |
| Charles Walch MD | Surgeon Highest-paid employee | 40 | $534,507 | $0 | $16,823 |
| Randy Engleman DO | Physician Highest-paid employee | 40 | $516,626 | $0 | $15,139 |
| Lana Rike DO | Anesthesiologist Highest-paid employee | 40 | $453,564 | $0 | $16,886 |
| James Henderson MD | Anesthesiologist Highest-paid employee | 40 | $428,564 | $0 | $14,048 |
| Amy Boothe | VP Operations Finance Officer | 24 | $160,976 | $107,318 | $31,576 |
| Kendra Thayer | Chief Nursing Officer Officer | 24 | $151,078 | $100,719 | $45,345 |
| Tracy Bemiller | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Shane Grady | Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Henrietta Lease | Director Trustee or director | 1 | $0 | $0 | $0 |
| Linda Fike | Director Trustee or director | 1 | $0 | $0 | $0 |
| Patricia Manown Mash | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keith Sanders | Director Trustee or director | 1 | $0 |
| Laura Fike | Director Trustee or director | 1 | $0 |
| Stanley Lambert MD | Director Trustee or director | 1 | $0 |
| Mary Alice Simpson | Director Trustee or director | 1 | $0 |
| Margaret Jamison | Director starting 07/01/24 Trustee or director | 1 | $0 |
| Kathy Shaffer | Director, January - May 2024 Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| James Venturella | Director, WVUHS Chief Information Officer Trustee or director | 1 | $0 | $750,334 | $133,214 |
| Mark Boucot | President CEO Officer | 20 | $218,743 | $218,743 | $104,412 |
| Amy Boothe | VP Operations Finance Officer | 20 | $121,975 | $121,975 | $27,756 |
| Kendra Thayer | Chief Nursing Officer Officer | 20 | $107,577 | $107,577 | $39,280 |
| Lana Rike | Anesthesiologist Highest-paid employee | 40 | $225,821 | $0 | $7,688 |
| Kela Thomas | Hospitalist Adv Prac Prof Highest-paid employee | 40 | $191,038 | $0 | $31,588 |
| James Henderson | Anesthesiologist Highest-paid employee | 40 | $207,553 | $0 | $6,805 |
| Mary Miller | Hospitalist Adv Prac Prof Highest-paid employee | 40 | $183,216 | $0 | $23,399 |
| Lance Rhodes | Mgr Pharmacy Highest-paid employee | 40 | $179,702 | $0 | $26,888 |
| Marjorie Fridkin | Chief Medical Officer Officer | 27 | $126,023 | $62,071 | $16,185 |
| Tracy Bemiller | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Shane Grady | Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Henrietta Lease | Director Trustee or director | 1 | $0 | $0 | $0 |
| Linda Fike | Director Trustee or director | 1 | $0 | $0 | $0 |
| Patricia Manown Mash | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Keith Sanders | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kathy Shaffer | Director Trustee or director | 1 | $0 | $0 | $0 |
| Laura Fike | Director Trustee or director | 1 | $0 | $0 | $0 |
| Stanley Lambert MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mary Alice Simpson | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 251 N 4TH ST, OAKLAND, MD 21550-1375
- In care of
- % MARK BOUCOT
- Principal officer (990 for 2024)
- Mark Boucot, 251 North Fourth Street, Oakland, MD 21550
- Signed the 990
- Mark Boucot, President
Mission
To operate a hospital for the reception and treatment of sick or injured persons of all kinds, to engage in the business of receiving, attending to, nursing, and giving proper nourishment to afflicted or injured persons without regard to race, creed, color, sex, national origin, or financial status.
Program accomplishments
- Garrett Regional Medical Center family medicine providers care for patients of all ages infants, children, adults, and seniors. They perform minor procedures, offer obstetrics care, and work with other specialists in order to provide the best care for you and your family. Garrett Regional Medical Center family medicine saw 23,819 patients during 2024.Expenses $19,324,677 · revenue $29,824,054
- Our medical oncologists specialize in the management of cancer and use a variety of medicines to attack cancer cells, including chemotherapy, immunotherapy, hormonal therapy, and biological and targeted therapy. Some of these medications can be given by vein intravenously or can be pills. The treatments can be given alone or with radiation therapy and/or surgery. Since cancer is different for everyone, the oncologist team helps design the most appropriate treatment plan for individuals, depending on the cancer type and the cancer stage. In 2024, the oncology team treated 2,324 patients.Expenses $10,594,021 · revenue $15,185,632
- Our advanced surgical care is delivered in a supportive environment. No matter what type of surgery you need, we offer advanced technologies and the expertise of a surgical team that treats conditions affecting patients of every age. Our multidisciplinary surgical team of surgeons, nurses, and other medical professionals uses cutting-edge surgical procedures, including endoscopic and laparoscopic approaches, whenever possible as well as minimally invasive methods with fewer and smaller incisions, less pain, and a faster recovery. The surgery team treated 8,409 patients in 2024.Expenses $5,122,288 · revenue $8,861,385
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1846814
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E20)
- Assets (IRS master file)
- $79,378,149
- Income (IRS master file)
- $86,618,828
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $86,485,707 | $68,649,498 | $79,378,149 | XML |
| 990 | December 2023 | $80,729,147 | $59,713,312 | $76,472,147 | XML |
| 990 | December 2022 | $34,719,223 | $30,678,198 | $61,003,853 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1846814).
Questions about GRMC INC
- What is the EIN of GRMC INC?
- The employer identification number (EIN) of GRMC INC is 87-1846814.
- Is GRMC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to GRMC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRMC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRMC INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRMC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRMC INC?
- The 990 for the year ended December 31, 2024 names Mark Boucot.
- Who are the officers and directors of GRMC INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 9 received compensation from the organization.
- How much revenue does GRMC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $86,485,707, expenses of $68,649,498 and total assets of $79,378,149 at year end.
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