BALTIMORE MEDICAL SYSTEM INC (EIN 521358241) - 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

1984

Legal Domicile

Principal Officer

SHIRLEY SUTTON

Phone

4105584883

Tax Period

2024-01-01 to 2024-12-31

BALTIMORE MEDICAL SYSTEM INC, founded in 1984, is a mid-sized nonprofit that reported $93.5M in total revenue in fiscal year 2024. Expenses of $103.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

BALTIMORE MEDICAL SYSTEM IS A FEDERALLY QUALIFIED HEALTH CENTER. SEE SCHEDULE O.WE PROVIDE PRIMARY AND PREVENTATIVE HEALTH CARE TO DISADVANTAGED COMMUNITIES IN BALTIMORE CITY AND COUNTY THROUGH SIX COMMUNITY HEALTH CENTERS AND EIGHT SCHOOL HEALTH SITES. AS THE LARGEST "SAFETY NET" PROVIDER IN THE STATE, WE SERVE OVER 165,000 PEOPLE ANNUALLY.

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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 $20,585,909

Program Service Revenue $72,900,675

Investment Income $44,637

Other Revenue $0

TOTAL REVENUE $93,531,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,007,577

Fundraising Expenses $7,976

Program Expenses $99,788,023

Other Expenses $49,292,457

TOTAL EXPENSES $103,300,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,531,221	$95,433,598	0.0%
Expenses	$103,300,034	$100,002,357	+0.0%
Net Income	$-9,768,813	$-4,568,759	+1.1%

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

Employees

566

Volunteers

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

$1,412,304

Total Directors

Key Employees

$1,064,529

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA MCWILLIAMS	CHAIR	2.00	Officer Director	$0	$0	$0
SELWYN RAY	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES BOBBITT	1ST VICE CHAIR	2.00	Officer Director	$0	$0	$0
AYINDE STEWART	2ND VICE CHAIR	2.00	Officer Director	$0	$0	$0
SANDRA JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
CHERYL BRYANT	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN D'SOUZA	TRUSTEE	2.00	Director	$0	$0	$0
SARAH JOHNSON CONWAY	TRUSTEE	2.00	Director	$0	$0	$0
HEIDI KENDALL	TRUSTEE	2.00	Director	$0	$0	$0
WENDY LINCOLN	TRUSTEE	2.00	Director	$0	$0	$0
ALEXANDRA MOYLAN	TRUSTEE	2.00	Director	$0	$0	$0
KEITH RAWLINGS	TRUSTEE	2.00	Director	$0	$0	$0
SYED REHMAN	TRUSTEE	2.00	Director	$0	$0	$0
SCARLETT WATSON	TRUSTEE	2.00	Director	$0	$0	$0
CARINE YAMONCHE	TRUSTEE	2.00	Director	$0	$0	$0
SHIRLEY SUTTON	CHIEF EXECUTIVE OFFICER	40.00	Officer	$394,086	$40,405	$434,491
MARGARET BOEMMEL	CHIEF FINANCIAL OFFICER	40.00	Officer	$301,944	$41,367	$343,311
AMJAD RIAR	CHIEF OPERATING OFFICER	40.00	Officer	$240,971	$48,047	$289,018
URSULA MCCLYMONT	CHIEF MEDICAL OFFICER	40.00	Officer	$322,864	$22,620	$345,484
ERICA ISLES	CENTER MEDICAL DIRECTOR	40.00	Key Emp	$242,750	$20,461	$263,211
ARLENE TYLER	CENTER MEDICAL DIRECTOR	40.00	Key Emp	$268,185	$31,940	$300,125
DAWN JACOBS	DIRECTOR OF PHARMACY	40.00	Key Emp	$185,614	$48,785	$234,399
VIVIENNE ROSE	CENTER MEDICAL DIRECTOR	40.00	Key Emp	$261,849	$4,945	$266,794
AYAZ HAROON	PHYSICIAN	40.00	Highest	$243,488	$28,975	$272,463
CHANAN LEVY	PHYSICIAN	48.50	Highest	$342,680	$0	$342,680
CORRIS E ARCHER	PHYSICIAN	40.00	Highest	$329,240	$19,153	$348,393
VADIM LOSHAKOV	PHYSICIAN	40.00	Highest	$282,612	$33,256	$315,868
JAMES PETIT	PHYSICIAN	40.00	Highest	$242,971	$45,950	$288,921

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
2024	$93,531,221	$103,300,034	$45,248,561	$-9,768,813
2023	$95,433,598	$100,002,357	$47,905,858	$-4,568,759
2022	$95,156,524	$95,620,954	$50,100,257	$-464,430
2021	$88,874,680	$85,281,908	$45,955,178	$3,592,772
2020	$74,478,248	$70,200,134	$45,111,323	$4,278,114
2020	$74,975,551	$71,267,312	$43,671,043	$3,708,239
2019	$65,051,400	$53,520,987	$34,422,843	$11,530,413
2018	$47,781,217	$48,496,098	$23,913,005	$-714,881

BALTIMORE MEDICAL SYSTEM INC