MARYLAND HOSPITAL ASSOCIATION INC

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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

1954

Legal Domicile

Principal Officer

MELONY G GRIFFITH

Phone

4103796200

Tax Period

2023-07-01 to 2024-06-30

MARYLAND HOSPITAL ASSOCIATION INC, founded in 1954, is a mid-sized nonprofit that reported $14.0M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $12.4M left a modest 11% surplus.

Mission

THE ASSOCIATION EXISTS TO HELP MARYLAND HOSPITALS AND HEALTH SYSTEMS SERVE THEIR COMMUNITIES BY PROVIDING THEM LEADERSHIP, ADVOCACY, EDUCATION, AND INNOVATIVE PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1

STRATEGY ANALYTICS SUPPORT AND DEVELOP POLICY FOR THE ASSOCIATION THROUGH QUALITATIVE AND QUANTITATIVE ANALYSIS.

Program 2

HEALTHCARE PAYMENT IS INVOLVED WITH ALL MATTERS OF HEALTHCARE FINANCIAL POLICY.

Program 3

GOVERNMENT AFFAIRS EVALUATES, PRIORITIZES AND RECOMMENDS CHANGES TO MARYLAND'S HEALTHCARE LEGISLATIVE STRUCTURE TO ENABLE MARYLAND'S HOSPITALS TO BETTER SERVE COMMUNITIES' NEEDS.

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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 $3,625,396

Program Service Revenue $9,023,000

Investment Income $1,285,681

Other Revenue $35,647

TOTAL REVENUE $13,969,724

Expense Breakdown

Grants Paid $20,352

Salaries & Benefits $5,950,309

Fundraising Expenses $0

Other Expenses $6,447,789

TOTAL EXPENSES $12,418,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,969,724	$17,722,996	-0.2%
Expenses	$12,418,450	$15,522,001	-0.2%
Net Income	$1,551,274	$2,200,995	-0.3%

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

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

Total Directors

Key Employees

$1,165,044

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELONY G GRIFFITH	PRESIDENT & CEO EFFECTIVE DEC 23	40.00	Officer	$0	$0	$0
ROBERT ATLAS	PRESIDENT & CEO THROUGH FEB 23	40.00		$527,521	$10,526	$538,047
MEGHAN MCCLELLAND	CHIEF OPERATING OFFICER	40.00	Key Emp	$475,858	$15,834	$491,692
BRETT MCCONE	SENIOR VICE PRESIDENT	40.00	Key Emp	$361,072	$20,353	$381,425
TRACI LAVALLE	SENIOR VICE PRESIDENT	40.00	Key Emp	$281,078	$10,849	$291,927
AMY GOODWIN	VICE PRESIDENT	40.00	Highest	$280,179	$10,569	$290,748
ERIN DORIEN	VICE PRESIDENT	40.00	Highest	$208,362	$7,927	$216,289
AHMED ELSAYED-EHMAD	VICE PRESIDENT	40.00	Highest	$188,504	$26,443	$214,947
BRIAN SIMS	VICE PRESIDENT	40.00	Highest	$183,450	$31,082	$214,532
NIHAL PATEL	DIRECTOR	40.00	Highest	$197,783	$8,076	$205,859
THOMAS KLEINHANZL	CHAIR	5.00	Officer Director	$0	$0	$0
VICTORIA BAYLESS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
SAVAS KARAS	TREASURER	5.00	Officer Director	$0	$0	$0
BRADLEY CHAMBERS	DIRECTOR	5.00	Director	$0	$0	$0
DAVID MAINE MD	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN SOWERS	DIRECTOR	5.00	Director	$0	$0	$0
MOHAN SUNTHA MD	DIRECTOR	5.00	Director	$0	$0	$0
HARSH TRIVEDI MD	DIRECTOR	5.00	Director	$0	$0	$0
JEREMY BRADFORD	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTINA FITTS	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN LEONARD PHD	DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE MARTZ	DIRECTOR	5.00	Director	$0	$0	$0
JESSICA MELTON	DIRECTOR	5.00	Director	$0	$0	$0
NEIL MELTZER	DIRECTOR	5.00	Director	$0	$0	$0
HENRY MOSLEY	DIRECTOR	5.00	Director	$0	$0	$0
MITCHELL SCHWARTZ MD	DIRECTOR	5.00	Director	$0	$0	$0
EUNMEE SHIM	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH WISE	DIRECTOR	5.00	Director	$0	$0	$0

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	$13,969,724	$12,418,450	$40,902,091	$1,551,274
2023	$17,722,996	$15,522,001	$37,318,285	$2,200,995
2021	$21,113,999	$11,501,256	$38,009,436	$9,612,743
2020	$16,509,096	$13,391,848	$23,330,141	$3,117,248
2019	$11,295,978	$9,722,681	$19,119,933	$1,573,297
2018	$11,355,142	$10,013,289	$17,546,252	$1,341,853