Grmc INC FY2022 filing

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To operate a hospital for the reception and treatment of sick or injured persons of all kinds, to engage in the business ofreceiving, attending to, nursing, and giving proper nourishment to afflicted or injured persons.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$623K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $14.3M a year · 21% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$623K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $16.5M in investments, Pt X · Ln 11–13
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$30.5M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34.7M
Spent
$30.7M
To programs
85%
Net assets
$30.5M
By yearFY2022–FY2024
Revenue
$34.7M
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$34.7M
FY2023$80.7M
FY2024$86.5M
Expenses
$30.7M
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$30.7M
FY2023$59.7M
FY2024$68.6M
Net assets
$30.5M
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$30.5M
FY2023$46.0M
FY2024$52.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $26.0M Management & general 15% · $4.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $623K paid to officers and key staff.

Part VII, Section A · reportable compensation
President CEO Non-Voting
$211,411Pt VII · Sec A
Chief Financial Officer
$131,887Pt VII · Sec A
Chief Nursing Officer
$127,020Pt VII · Sec A
Chief Medical Officer
$91,174Pt VII · Sec A
VP Operations Finance
$61,384Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Charles Walch MD’s $535K as Surgeon is at the 78th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022
Charles Walch MD$534,507——
Paul Miller DO$520,771——
Randy Engleman DO$516,626——
Lana Rike DO$453,564——
James Henderson MD$428,564——
Marjorie Fridkin MD$306,107——
Mark Boucot$268,850$218,743$211,411
Lana Rike—$225,821—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Grmc INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates a hospital providing comprehensive medical care, nursing, and advanced, minimally invasive surgical treatments to sick and injured patients of all ages.

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1 program · $26.0M · in their own filed words · FY2022
01

Garrett Regional Medical Center includes 55 inpatient beds, a four bed intensive care unit, a 10 bed subacute rehabilitation unit, a family centered maternity suite, a 13 bed outpatient surgical unit with a four bed surgical suite, and 24/7 emergency services.

$26.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$34.7M
Ln 12
Fees for servicesLn 2g$33.1M
Gifts and grantsLn 1h$879K
Other incomeLn 4–11$452K
Money outPt IX
$30.7M
Ln 25
Programscol B$26.0M
Managementcol C$4.7M
Owns and owesPt X
$30.5M
net assets · Ln 32
Cash and savingsLn 1–2$9.7M
Total assetsLn 16$61.0M
LiabilitiesLn 26$30.5M
PeoplePt VI, VII
16
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$879K
Government grantsLn 1e$722K
Noncash giftsLn 1g$20K
Fees for servicesLn 2g$33.1M
Investment incomeLn 3$257K
Other incomeLn 4–11$452K
Gains on assetsLn 7$10K
Total revenueLn 12$34.7M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$9.7M
Cash and savings togetherLn 1–2$9.7M
InvestmentsLn 11–13$16.5M
Land, buildings, equipmentLn 10c$19.6M
Other assetsLn 15$960K
Total assetsLn 16$61.0M
LiabilitiesLn 26$30.5M
Net assetsLn 32$30.5M
OperationsPt I, VI
EmployeesI 5488
VolunteersI 637
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Hospital careSch H · share of total expense
Charity care at costPt I 7a$1.5M · 4.8%
Bad debtPt III 2$389K · 1.3%
Total community benefitPt I 7k$2.8M · 9.3%
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$9.7M
InvestmentsLn 11–13$16.5M
Land, buildings, equipmentLn 10c$19.6M
Total assetsLn 16$0$61.0M
LiabilitiesLn 26$0$30.5M
Net assetsLn 32$0$30.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$562K$233K$330K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$12.4M$10.4M$2.0M
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$2.2M$1.9M$307K
Payroll taxesLn 10$1.2M$1.0M$194K
Management feesLn 11a$0
Legal feesLn 11b$76K$76K
Accounting feesLn 11c$111K$111K
Lobbying feesLn 11d$36K$36K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1.9M$857K$1.1M
Advertising and promotionLn 12$39K$39K
Office expensesLn 13$3.5M$2.9M$653K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$388K$365K$22K
TravelLn 17$25K$25K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$220K$208K$13K
Payments to affiliatesLn 21$344K$344K
Depreciation, depletion and amortizationLn 22$1.8M$1.7M$102K
InsuranceLn 23$139K$139K
Other expenses (24a–d)Ln 24$5.7M$5.7M
All other expensesLn 24e$0
Total functional expensesLn 25$30.7M$26.0M$4.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $86.5M$68.6M$17.8M$52.3M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $80.7M$59.7M$21.0M$46.0M 990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2023 $34.7M$30.7M$4.0M$30.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $34,719,223 revenue, 12 lines filed
I-8 Contributions and grants$879,213
I-9 Program service revenue$33,131,133
I-10 Investment income$257,165
I-11 Other revenue$451,712
I-12 Total revenue$34,719,223
I-13 Grants and similar amounts paid$14,521
I-14 Benefits paid to members$0
I-15 Salaries and benefits$16,328,908
I-16a Professional fundraising fees$0
I-17 Other expenses$14,334,769
I-18 Total expenses$30,678,198
I-19 Revenue less expenses$4,041,025
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $34,719,223 across 10 lines filed
Lines not itemized here account for $27,153 of total revenue; see the IRS return.
VIII-1e Government grants$722,189
VIII-1f All other contributions, gifts and grants$157,024
VIII-1g Noncash contributions (included above)$19,800
VIII-1h Total contributions, gifts and grants$879,213
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,131,133$33,131,133
VIII-3 Investment incomeExcluded from tax $247,255$247,255
VIII-6 Net rental income or lossExcluded from tax $1,000$1,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,910$9,910
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $342,948 · Excluded from tax $80,611$423,559
VIII-12 Total revenueRelated to mission $33,501,234 · Excluded from tax $338,776$34,719,223
Part IX · Statement of functional expenses $30,678,198 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $14,521$14,521
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $232,558 · Management $329,865$562,423
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $10,371,417 · Management $1,979,677$12,351,094
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $1,895,285 · Management $307,440$2,202,725
IX-10 Payroll taxesPrograms $1,018,296 · Management $194,370$1,212,666
IX-11a Management fees$0
IX-11b Legal feesPrograms $76,466$76,466
IX-11c Accounting feesPrograms $110,551$110,551
IX-11d Lobbying feesPrograms $35,608$35,608
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $857,265 · Management $1,087,444$1,944,709
IX-12 Advertising and promotionPrograms $38,940$38,940
IX-13 Office expensesPrograms $2,858,923 · Management $652,581$3,511,504
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $365,306 · Management $22,420$387,726
IX-17 TravelPrograms $24,555$24,555
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $207,656 · Management $12,742$220,398
IX-21 Payments to affiliatesPrograms $344,065$344,065
IX-22 Depreciation, depletion and amortizationPrograms $1,658,728 · Management $101,781$1,760,509
IX-23 InsurancePrograms $138,933$138,933
IX-24 Other expenses (24a–d)Programs $5,740,805$5,740,805
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $25,989,878 · Management $4,688,320 · Fundraising $0$30,678,198
Part X · Balance sheet $61,003,853 assets, 17 lines filed
X-1 Cash, non-interest-bearing$1,750
X-2 Savings and temporary cash investments$9,670,738
X-4 Accounts receivable$11,693,749
X-8 Inventories for sale or use$1,868,635
X-9 Prepaid expenses and deferred charges$748,265
X-10c Land, buildings and equipment, net$19,585,707
X-12 Other securities$16,475,347
X-15 Other assets$959,662
X-16 Total assetsStart of year $0$61,003,853
X-17 Accounts payable and accrued expenses$4,195,954
X-19 Deferred revenue−$11,733
X-25 Other liabilities$13,809,896
X-26 Total liabilitiesStart of year $0$30,494,117
X-27 Net assets without donor restrictions$29,689,815
X-28 Net assets with donor restrictions$819,921
X-32 Total net assets or fund balancesStart of year $0$30,509,736
X-33 Total liabilities and net assetsStart of year $0$61,003,853
Part XI · Reconciliation of net assets $30,509,736 net assets at year end
XI-1 Total revenue$34,719,223
XI-2 Total expenses$30,678,198
XI-3 Revenue less expenses$4,041,025
XI-5 Net unrealized gains (losses) on investments$3,778,012
XI-9 Other changes in net assets$22,690,699
XI-10 Net assets at end of year$30,509,736

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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