UNIVERSITY OF MARYLAND ANESTHESIOLOGY ASSOCIATES PA

EIN: 521076158 501(c)(3)

BALTIMORE, MD

Total Revenue
$47,238,428
Total Expenses
$46,237,049
Total Assets
$15,466,262
Net Assets
$6,467,334
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MD
Phone
4103286120
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF MARYLAND ANESTHESIOLOGY ASSOCIATES PA, founded in 1977, is a mid-sized nonprofit that reported $47.2M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $46,799,053
Investment Income $439,375
Other Revenue $0
TOTAL REVENUE $47,238,428

Expense Breakdown

Grants Paid $12,050
Salaries & Benefits $30,539,756
Fundraising Expenses $0
Program Expenses $41,884,955
Other Expenses $15,685,243
TOTAL EXPENSES $46,237,049

Year-over-Year Comparison

2024 2023 Change
Revenue $47,238,428 $31,460,361 +0.5%
Expenses $46,237,049 $29,619,396 +0.6%
Net Income $1,001,379 $1,840,965 -0.5%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
170
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
4
$859,206
Total Directors
11
$1,735,045
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bhavani Kodali MD VICE PRESIDENT 15.0
Officer Director
$178,318 $18,482 $196,800
Brad Smith DRPH SECRETARY/TREASURER 2.0
Officer Director
$40,131 $4,488 $59,941
Matthew Tulis MD Interim President (AS OF 04/25) 16.0
Officer Director
$280,461 $21,569 $302,030
Samuel Galvagno JR DO PRESIDENT (THRU 04/25) 20.0
Officer Director
$273,371 $27,064 $300,435
Andrew Malinow MD PHYSICIAN (THRU 08/24) 2.0
Director
$0 $0 $5,749
Mary Njoku MD PHYSICIAN 2.0
Director
$44,824 $5,481 $50,305
Peter Rock MD PHYSICIAN (THRU 06/25) 2.0
Director
$195,066 $28,056 $223,122
Seema Deshpande MD PHYSICIAN 20.0
Director
$136,732 $13,729 $150,461
Stephanie Kahntroff MD PHYSICIAN 19.0
Director
$104,761 $11,823 $116,584
Tedric Henneghan MD PHYSICIAN 17.0
Director
$164,184 $16,106 $180,290
Thelma Wright MD PHYSICIAN 15.0
Director
$134,867 $14,461 $149,328
Jessica Galey MD PHYSICIAN 18.0
Highest
$329,567 $27,413 $356,980
John Pallan MD PHYSICIAN 16.0
Highest
$346,322 $27,296 $373,618
Linda Goetz CRNA CRNA 40.0
Highest
$0 $22,835 $343,321
Patrick Odonkor MD PHYSICIAN 21.0
Highest
$348,853 $28,768 $377,621
Samuel Onyewu MD PHYSICIAN (THRU 03/25) 11.0
Highest
$324,169 $27,128 $351,297
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 $47,238,428 $46,237,049 $15,466,262 $1,001,379
2024 No data No data No data No data
2023 $24,576,626 $23,784,913 $14,576,226 $791,713
2022 $23,091,840 $22,623,608 $14,468,013 $468,232
2021 $24,321,294 $25,697,324 $15,602,905 $-1,376,030
2020 $20,603,979 $18,915,524 $14,125,893 $1,688,455
2019 $21,599,104 $20,867,952 $15,091,701 $731,152
2018 $19,774,942 $21,188,306 $17,080,552 $-1,413,364
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