UNIVERSITY OF MARYLAND PATHOLOGY ASSOCIATES PA (EIN 521297269) - 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

1983

Legal Domicile

Phone

4107067075

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF MARYLAND PATHOLOGY ASSOCIATES PA, founded in 1983, is a mid-sized nonprofit that reported $15.8M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $14.4M left a modest 9% surplus.

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,769,843

Investment Income $46,196

Other Revenue $0

TOTAL REVENUE $15,816,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,745,760

Fundraising Expenses $0

Program Expenses $11,551,367

Other Expenses $9,633,821

TOTAL EXPENSES $14,379,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,816,039	$10,462,506	+0.5%
Expenses	$14,379,581	$12,666,012	+0.1%
Net Income	$1,436,458	$-2,203,506	-1.7%

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

$42,393

Total Directors

$57,028

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Lopez	Treasurer (AS OF 08/25)	1.0	Officer Director	$0	$0	$4,035
John Papadimitriou MD	Secretary (THRU 01/24)	1.0	Officer Director	$0	$2,531	$2,531
Paul Staats MD	President	3.0	Officer Director	$0	$3,013	$28,705
Selena Rhee	Secretary (AS OF 08/25)	1.0	Officer Director	$0	$897	$7,122
Olga Ioffe	Treasurer(THRU 08/25) /Member (AS OF 08/25)	1.0	Director	$0	$2,675	$11,480
Parvez Lokhandwala	Secretary (THRU 06/25) / Member (08/25)	1.0	Director	$0	$2,103	$3,155
Carlen Bini	PATH ASSISTANT PROGRAM DIR.	40.0	Highest	$113,773	$25,974	$139,747
Jeffrey Parker	DIRECTOR OF LABORATORY SERVICE	40.0	Highest	$165,467	$23,813	$189,280
Kathleen Horton	DIR. OFFICE OF FACULTY DEV.	40.0	Highest	$104,473	$30,102	$134,575
Kimberly Taylor	SR. HEALTHCARE SYSTEMS ANALYST	40.0	Highest	$112,896	$9,377	$122,273
Sanford A Stass MD	President (THRU 01/24)	3.0		$9,000	$3,097	$12,097

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	$15,816,039	$14,379,581	$5,865,137	$1,436,458
2024	No data	No data	No data	No data
2023	$12,856,119	$14,852,901	$6,182,279	$-1,996,782
2022	$21,290,219	$26,074,795	$12,257,434	$-4,784,576
2021	$62,462,999	$57,116,698	$30,576,725	$5,346,301
2020	$8,621,613	$8,882,278	$4,338,339	$-260,665
2019	$9,444,536	$9,247,158	$5,014,722	$197,378
2018	$8,792,448	$8,808,782	$4,987,883	$-16,334

UNIVERSITY OF MARYLAND PATHOLOGY ASSOCIATES PA