University of Maryland Medical System Corporation

EIN: 521362793 501(c)(3) Health Care

Baltimore, MD

Total Revenue
$2,229,152,847
Total Expenses
$2,149,624,123
Total Assets
$4,384,003,541
Net Assets
$1,344,633,902
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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
MD
Phone
4434625811
Tax Period
2022-07-01 to 2023-06-30

University of Maryland Medical System Corporation, founded in 1984, is a large national nonprofit in the Health Care sector that reported $2.2B in total revenue in fiscal year 2022. Expenses of $2.1B left a modest 4% surplus.

Mission

UMMS PROVIDES A VARIETY OF INPATIENT/OUTPATIENT SERVICES TO PEOPLE IN THE MARYLAND AREA REGARDLESS OF THEIR ABILITY TO PAY. REVENUES ARE USED TO HELP DEFRAY THE COSTS OF SERVICES.

Program Service Accomplishments

Program 1
Expenses: $2,111,300,777 Revenue: $2,185,391,386

UMMS, A PRIVATE, NON-PROFIT HEALTH SYSTEM, CONSISTS OF 12 HOSPITALS - UMMC, THE ACADEMIC 'HUB' - AND THE 11 COMMUNITY AND SPECIALTY HOSPITALS THROUGHOUT THE STATE OF MARYLAND. UMMC IS A NATIONAL AND...

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UMMS, A PRIVATE, NON-PROFIT HEALTH SYSTEM, CONSISTS OF 12 HOSPITALS - UMMC, THE ACADEMIC 'HUB' - AND THE 11 COMMUNITY AND SPECIALTY HOSPITALS THROUGHOUT THE STATE OF MARYLAND. UMMC IS A NATIONAL AND REGIONAL REFERRAL CENTER FOR TRAUMA, CANCER CARE, NEUROCARE, CARDIAC CARE AND HEART SURGERY, WOMEN'S AND CHILDREN'S HEALTH AND ORGAN TRANSPLANTS. IT HAS ONE OF THE MOST TECHNOLOGICALLY ADVANCED OPERATING ROOM FACILITIES AND IS INTERNATIONALLY RECOGNIZED FOR ITS LEADERSHIP IN DEVELOPING AND PERFORMING MINIMALLY INVASIVE SURGICAL PROCEDURES. UMMS PROVIDES CHARITY CARE TO PATIENTS UNABLE TO PAY. CHARITY CARE FOR THE YEAR ENDED 6/30/2023 IS APPROXIMATELY $21.1 MILLION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $33,736,047
Program Service Revenue $2,136,756,790
Investment Income $3,567,341
Other Revenue $55,092,669
TOTAL REVENUE $2,229,152,847

Expense Breakdown

Grants Paid $9,027,313
Salaries & Benefits $1,033,849,925
Fundraising Expenses $0
Program Expenses $2,111,300,777
Other Expenses $1,106,746,885
TOTAL EXPENSES $2,149,624,123

Year-over-Year Comparison

2022 2021 Change
Revenue $2,229,152,847 $2,230,343,745 0.0%
Expenses $2,149,624,123 $2,164,355,171 0.0%
Net Income $79,528,724 $65,988,574 +0.2%
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
29
Independent Members
29
Employees
14786
Volunteers
794

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
7
$6,839,799
Total Directors
30
$0
Key Employees
8
$7,632,549
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE CHAIRMAN 4.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 3.5
Officer Director
$0 $0 $0
N/A CHAIRMAN 7.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 4.0
Director
$0 $0 $0
N/A DIRECTOR 1.5
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 2.5
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.5
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 3.5
Director
$0 $0 $0
N/A DIRECTOR 5.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.5
Director
$0 $0 $0
N/A DIRECTOR 4.0
Director
$0 $0 $0
N/A DIRECTOR 3.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.5
Director
$0 $0 $0
N/A DIRECTOR (ENDED 05/23) 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 3.0
Director
$0 $0 $0
N/A DIRECTOR 3.0
Director
$0 $0 $0
N/A DIRECTOR 3.5
Director
$0 $0 $0
N/A SVP, GEN COUNSEL AND SECTY 40.0
Officer
$872,874 $37,793 $910,667
N/A INTERIM CFO 40.0
Officer
$203,875 $9,137 $213,012
N/A PRESIDENT AND CEO, UMMS 40.0
Officer
$4,360,614 $41,855 $4,402,469
N/A SVP, CFO AND TREASURER (ENDED 06/2023) 40.0
Officer
$1,279,041 $34,610 $1,313,651
N/A PRESIDENT, UMMC MIDTOWN CAMPUS 0.0
Key Emp
$0 $34,226 $786,344
N/A SVP AND CMO 40.0
Key Emp
$244,373 $38,699 $283,072
N/A PRESIDENT AND CEO, UMMC 40.0
Key Emp
$1,741,138 $239,960 $1,981,098
N/A SVP AND CFO, UMMC 40.0
Key Emp
$708,573 $95,581 $804,154
N/A SVP AND CAO 40.0
Key Emp
$1,197,291 $34,488 $1,231,779
N/A SVP AND CNO 40.0
Key Emp
$603,257 $44,710 $647,967
N/A CHIEF NURSE EXECUTIVE, UMMS 40.0
Key Emp
$934,887 $34,278 $969,165
N/A SVP & INTERIM CMO, UMMS (ENDED 12/2022) 40.0
Key Emp
$916,225 $12,745 $928,970
N/A SVP, CHIEF CLINICAL OFFICER 40.0
Highest
$646,756 $95,059 $741,815
N/A SVP AND CIO 40.0
Highest
$816,837 $40,420 $857,257
N/A VP AND CHIEF HEALTH EQUITY OFFICER 40.0
Highest
$799,104 $31,276 $830,380
N/A SVP PERIOPERATIVE AND PROCEDURAL SVCS 40.0
Highest
$732,005 $13,738 $745,743
N/A SVP AND COO, UMMC 40.0
Highest
$704,057 $89,120 $793,177
N/A FORMER SVP, CHRO 0.0
$543,205 $5,436 $548,641
N/A FORMER SVP & CMO, UMMC 0.0
$774,754 $25,816 $800,570
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 No data No data No data No data
2023 $2,229,152,847 $2,149,624,123 $4,384,003,541 $79,528,724
2022 $2,230,343,745 $2,164,355,171 $5,321,652,043 $65,988,574
2021 $2,212,091,593 $2,077,208,375 $5,438,126,282 $134,883,218
2020 $1,897,434,124 $1,768,762,405 $5,258,187,207 $128,671,719
2019 $1,748,138,423 $1,688,804,237 $4,618,387,071 $59,334,186
2018 $1,656,088,753 $1,616,199,733 $4,501,112,693 $39,889,020
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