GBMC HEALTHCARE INC

EIN: 521484872 501(c)(3) Health Care

BALTIMORE, MD

Total Revenue
$1,875,726
Total Expenses
$1,812,390
Total Assets
$699,214,110
Net Assets
$695,130,000
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MD
Principal Officer
JOHN B CHESSARE MD
Phone
4438492000
Tax Period
2023-07-01 to 2024-06-30

GBMC HEALTHCARE INC, founded in 1975, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $1.8M left a modest 3% surplus.

Mission

GBMC HEALTHCARE, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY AS A NONPROFIT CHARITABLE ORGANIZATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE FOR THE FOLLOWING PURPOSES: (1) TO ESTABLISH, MAINTAIN, SUPERVISE, COORDINATE, ASSIST AND PERFORM PLANNING AND OTHER FUNCTIONS FOR ENTITIES TO PROVIDE HEALTH RELATED SERVICES OR TO CARRY OUT THE CHARITABLE, EDUCATIONAL, HEALTH CARE, AND SCIENTIFIC PURPOSES OF THE CORPORATION AND ITS AFFILIATED ENTITIES INCLUDING BUT NOT LIMITED TO GREATER BALTIMORE MEDICAL CENTER, INC., A HOSPITAL CORPORATION DESCRIBED UNDER SECTION 501(C)(3) AND EXEMPT FROM TAX UNDER SECTION 501(A) OF THE CODE, AND OTHER ENTITIES WHICH MAY FURTHER THE CHARITABLE, EDUCATIONAL, HEALTH CARE, AND OTHER PURPOSES OF THE CORPORATION. (2) TO PROVIDE SUPERVISION AND COORDINATION OF THE ACTIVITIES OF AFFILIATED ENTITIES, INCLUDING BUT NOT LIMITED TO GREATER BALTIMORE MEDICAL CENTER, INC. GBMC FOUNDATION, INC. RUXTON INSURANCE COMPANY, LTD. GBMC LAND CORPORATION AND GILCHRIST HOSPICE CARE, INC. (3) TO CONSIDER AND ESTABLISH LONG AND SHORT RANGE PLANNING ACTIVITIES FOR THE CORPORATION AND ITS AFFILIATED ENTITIES. (4) TO RAISE FUNDS FOR THE BENEFIT OF CHARITABLE, SCIENTIFIC, HEALTH CARE, AND EDUCATIONAL ACTIVITIES AND FUNCTIONS OF THE CORPORATION AND ITS AFFILIATED ENTITIES. (5) TO CONSULT WITH THE APPROPRIATE OFFICERS OF THE AFFILIATED ENTITIES TO PROMOTE COOPERATION AMONG THEM IN ORDER TO FURTHER THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES AND FUNCTIONS OF THOSE ENTITIES. (6) TO HAVE AND TO EXERCISE TO THE EXTENT NECESSARY OR DESIRABLE FOR THE ACCOMPLISHMENT OF ANY OF THE AFORESAID PURPOSES, AND TO THE EXTENT THAT THEY ARE NOT INCONSISTENT WITH THE CHARITABLE PURPOSES OF THE CORPORATION AND THE LIMITATIONS IMPOSED BY SECTION 501(C)(3) OF THE CODE, ANY AND ALL POWERS CONFERRED UPON CORPORATION BY THE MARYLAND GENERAL CORPORATION LAW.

Program Service Accomplishments

Program 1
Expenses: $1,512,524 Revenue: $1,875,726

GBMC HEALTHCARE'S ACCOUNTABLE CARE ORGANIZATION INTEGRATES COMMUNITY PRIMARY CARE WITH HOSPITAL AND MULTISPECIALTY CARE IN THE TOWSON AREA

Program 2

GBMC HEALTHCARE SUPPORTS GREATER BALTIMORE MEDICAL CENTER, INC. AND GILCHRIST HOSPICE CARE, INC. BY OVERSEEING THE ORGANIZATIONS' EXECUTIVE COMPENSATION PROGRAM. GBMC HEALTHCARE'S COMPENSATION...

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GBMC HEALTHCARE SUPPORTS GREATER BALTIMORE MEDICAL CENTER, INC. AND GILCHRIST HOSPICE CARE, INC. BY OVERSEEING THE ORGANIZATIONS' EXECUTIVE COMPENSATION PROGRAM. GBMC HEALTHCARE'S COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION PROVIDED TO THE SUPPORTED ORGANIZATIONS' PRESIDENT AND CHIEF EXECUTIVE OFFICER AND EACH OFFICER, KEY EMPLOYEE, AND SENIOR LEADER, WHETHER OR NOT THESE INDIVIDUALS WOULD BE CONSIDERED DISQUALIFIED PERSONS, ENSURING THAT COMPENSATION IS REASONABLE. GBMC HEALTHCARE ALSO PROVIDES SUPPORT BY APPROVING INVESTMENT DECISIONS OF THE SYSTEM.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,875,726
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,875,726

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,415,027
Fundraising Expenses $0
Program Expenses $1,512,524
Other Expenses $397,363
TOTAL EXPENSES $1,812,390

Year-over-Year Comparison

2023 2022 Change
Revenue $1,875,726 $2,120,693 -0.1%
Expenses $1,812,390 $2,544,900 -0.3%
Net Income $63,336 $-424,207 -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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Governance

Voting Members
28
Independent Members
25
Employees
N/A
Volunteers
25

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
$2,894,632
Total Directors
28
$2,052,251
Key Employees
10
$4,589,153
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN B CHESSARE MD DIRECTOR/CEO GBMC HEALTHCARE 15.00
Officer Director
$0 $48,207 $1,253,368
J CHRISTOPHER GREENAWALT MD DIRECTOR/VICE CHIEF OF STAFF 10.00
Director
$0 $37,413 $407,156
ROBIN MOTTER-MAST DO DIRECTOR/CHIEF OF STAFF 10.00
Director
$0 $55,190 $391,727
FAITH E THOMAS CHAIR 1.00
Officer Director
$0 $0 $0
TIMOTHY L KRONGARD CO VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAMES B STRADTNER CO VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEPHEN T SCOTT TREASURER 1.00
Officer Director
$0 $0 $0
DELBERT ADAMS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT AUMILLER DIRECTOR 1.00
Director
$0 $0 $0
HEIDI KENNY BERMAN DIRECTOR 1.00
Director
$0 $0 $0
SANDRA BERMAN DIRECTOR 1.00
Director
$0 $0 $0
MONIQUE BOOKER DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY F DORAN MD DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA FITTS DIRECTOR 1.00
Director
$0 $0 $0
JERRY FOCAS DIRECTOR 1.00
Director
$0 $0 $0
FREDERICK M HUDSON DIRECTOR 1.00
Director
$0 $0 $0
HARRY S JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
LEON KAPLAN DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY V MILANDO DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA J MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
BERNARD RHEE DIRECTOR 1.00
Director
$0 $0 $0
JOHN R SAUNDERS MD DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE SIRI DIRECTOR 1.00
Director
$0 $0 $0
DEVON SMITH DVM DIRECTOR 1.00
Director
$0 $0 $0
BONNIE B STEIN DIRECTOR 1.00
Director
$0 $0 $0
STEVEN A THOMAS DIRECTOR 1.00
Director
$0 $0 $0
ALEXIS THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
MARION G THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
LAURIE R BEYER EVP & CFO GBMC HEALTHCARE 11.00
Officer
$0 $130,464 $728,519
JOHN L FLOWERS MD EVP & CHIEF MEDICAL OFFICER 10.00
Officer
$0 $76,118 $912,745
CATHERINE HAMEL EVP GBMC,CHIEF STRATEGY OFF/PRES GHC 1.00
Key Emp
$0 $60,834 $602,250
DAVID J HYNSON VP & CIO (PART YEAR) 15.00
Key Emp
$0 $72,013 $490,272
ANNA-MARIA G PALMER SVP HR AND ORG DEVELOPMENT & CHRO 20.00
Key Emp
$0 $60,984 $471,775
ERLENE WASHINGTON SVP & COO OF GBMC HEALTH PARTNERS 10.00
Key Emp
$0 $84,954 $487,090
STACEY L MCGREEVY EVP & COO HOSPITAL 10.00
Key Emp
$0 $105,208 $488,116
JENNY COLDIRON SVP OF DEVELOPMENT AND MARKETING 10.00
Key Emp
$0 $48,703 $444,113
CAROLYN L CANDIELLO SVP OF QUALITY AND PATIENT SAFETY 1.00
Key Emp
$0 $50,336 $397,662
SUSAN MARTIELLI GEN COUNSEL/VP LEGAL SVCS (PART YEAR) 20.00
Key Emp
$0 $16,608 $378,296
MICHAEL STEIN SVP CLINICAL AND SUPPORT OPERATIONS 10.00
Key Emp
$0 $85,586 $381,895
ANGELA FEURER SVP AND CNO 50.00
Key Emp
$0 $102,671 $447,684
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 $1,875,726 $1,812,390 $699,214,110 $63,336
2023 $2,120,693 $2,544,900 $663,783,584 $-424,207
2022 $2,193,532 $3,359,491 $676,477,332 $-1,165,959
2021 $3,121,010 $4,702,167 $760,895,419 $-1,581,157
2020 $11,328,740 $2,981,928 $598,572,298 $8,346,812
2019 $747,046 $1,404,878 $580,024,363 $-657,832
2018 $50,000 $1,527,064 $528,388,928 $-1,477,064
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