LUMINIS HEALTH RESEARCH INSTITUTE INC (FKA ANNE ARUNDEL RESEARCH INSTITUTE) (EIN 263038406) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

MITCHELL SCHWARTZ MD

Phone

4434811308

Tax Period

2023-07-01 to 2024-06-30

LUMINIS HEALTH RESEARCH INSTITUTE INC (FKA ANNE ARUNDEL RESEARCH INSTITUTE), founded in 2008, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 43% operating deficit.

Mission

TO ENHANCE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.MEDICAL RESEARCH AND CLINICAL TRIALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $95,010

Program Service Revenue $1,195,216

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,290,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,425,171

Fundraising Expenses $0

Program Expenses $1,785,995

Other Expenses $414,116

TOTAL EXPENSES $1,839,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,290,226	$1,875,428	-0.3%
Expenses	$1,839,287	$2,384,122	-0.2%
Net Income	$-549,061	$-508,694	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,041,404

Total Directors

$2,041,404

Key Employees

$556,911

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHELL SCHWARTZ MD	CHAIR	1.00	Officer Director	$0	$42,912	$953,990
KEVIN L SMITH	SECRETARY/TREASURER (PART YEAR)	1.00	Officer Director	$0	$68,409	$620,515
JOHN MOXLEY	EXECUTIVE DIRECTOR OF MEDICINE	1.00	Officer Director	$0	$28,270	$237,019
STEPHANIE SCHNITTGER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BARRY MEISENBERG MD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DOUGLAS WOMER	SECRETARY/TREASURER (PART YEAR)	1.00	Officer Director	$0	$5,950	$229,880
PETER ODENWALD	LHCE COO	1.00	Key Emp	$0	$53,075	$556,911
ERIKA SIEGRIST	DIRECTOR - RESEARCH ADMINISTRATION	40.00	Highest	$131,366	$45,448	$176,814
VENITA ALSTON CRAWFORD	CLINICAL RESEARCH NURSE	40.00	Highest	$106,772	$18,608	$125,380
VICTORIA W BAYLESS	LH CEO/FORMER OFFICER	1.00		$0	$379,779	$2,467,859
SHERRY PERKINS	FORMER BOARD MEMBER	0.00		$0	$15,077	$921,273
MONICA JONES	FORMER BOARD MEMBER	0.00		$0	$55,834	$810,750
ADRIAN PARK	FORMER BOARD MEMBER	0.00		$0	$39,289	$601,832
REGINA HAMPTON-COLEMAN MD	MD/FORMER BOARD MEMBER	1.00		$0	$43,334	$410,434
ROBERT REILLY	FORMER SECRETARY/TREASURER	1.00		$0	$891	$120,401

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$1,290,226	$1,839,287	$1,863,112	$-549,061
2023	$1,875,428	$2,384,122	$1,850,486	$-508,694
2022	$2,094,992	$3,099,542	$1,621,968	$-1,004,550
2021	$2,503,295	$3,166,341	$1,600,685	$-663,046
2019	$1,406,770	$2,113,443	$819,504	$-706,673
2018	$1,329,587	$2,141,015	$504,590	$-811,428

LUMINIS HEALTH RESEARCH INSTITUTE INC (FKA ANNE ARUNDEL RESEARCH INSTITUTE)