LUMINIS HEALTH RESEARCH INSTITUTE … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

LUMINIS HEALTH RESEARCH INSTITUTE, INC. IS DEDICATED TO PROVIDING QUALITY SUPPORT TO LUMINIS HEALTH ANNE ARUNDEL MEDICAL CENTER, INC. ("LHAAMC") PHYSICIANS IN CONDUCTING HUMAN SUBJECTS RESEARCH. OUR RESEARCH STAFF IS QUALIFIED BY TRAINING AND EXPERIENCE. WE ENSURE RESEARCH IS CONDUCTED IN ACCORDANCE WITH APPLICABLE REGULATIONS, GOOD CLINICAL PRACTICES, AND THE STUDY PROTOCOL. WE ACHIEVE ACCURATE AND COMPLETE DATA QUALITY. WE ARE COMMITTED TO PROTECTING THE RIGHTS AND WELFARE OF RESEARCH PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $1,785,995 Revenue: $1,195,216

TO SUPPORT, FACILITATE, AND ENCOURAGE RESEARCH BY MEDICAL AND HEALTH SYSTEM STAFF. TO HELP EDUCATE THOSE WHO HAVE THE INTEREST AND THE WILL TO DO RESEARCH, TO ENSURE THAT PARTICIPANT RIGHTS AND...

TO SUPPORT, FACILITATE, AND ENCOURAGE RESEARCH BY MEDICAL AND HEALTH SYSTEM STAFF. TO HELP EDUCATE THOSE WHO HAVE THE INTEREST AND THE WILL TO DO RESEARCH, TO ENSURE THAT PARTICIPANT RIGHTS AND SAFETY ARE STRICTLY OBSERVED, TO ENSURE THE INTEGRITY OF LHAAMC'S RESEARCH PROGRAM AND TO BENEFIT THE COMMUNITIES LHAAMC SERVES AS WELL BY OFFERING AN EXPANDED RANGE OF CLINICAL TRIALS AS OPTIONS IN PATIENT CARE. PATIENTS AND THEIR PHYSICIANS CAN DISCUSS THE APPROPRIATENESS OF PROMISING NEW THERAPIES AND PROCEDURES AND CAN EASILY ARRANGE REFERRALS TO PHYSICIANS ON LHAAMC'S STAFF WHO ARE CONDUCTING THE TRIALS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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)