St Paul Place Specialists Inc

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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

1946

Legal Domicile

Phone

4103329000

Tax Period

2024-07-01 to 2025-06-30

St Paul Place Specialists Inc, founded in 1946, is a major nonprofit that reported $156.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SPECIALTY PHYSICIAN SERVICES TO PATIENTS OF MERCY MEDICAL CENTER.

Program Service Accomplishments

Program 1

Expenses: $148,542,266 Revenue: $145,710,268

St. Paul Place Specialists, Inc. ("SPPS") is a wholly owned subsidiary of Mercy Health Services, Inc. ("MHS"). MHS owns and operates a Catholic healthcare system in Maryland, under the sponsorship of the Sisters of Mercy. MHS is also the parent of Mercy Medical Center, Inc., which owns and operates an acute care hospital in downtown Baltimore as well as numerous outpatient hospital specialty clinics, and of Stella Maris, Inc., which owns and operates a nursing home, a residential and home hospice services and a home health agency. SPPS employs physicians in a wide variety of specialties who provide services to patients of Mercy Medical Center's inpatient services and outpatient clinics and to other members of the community throughout central Maryland and beyond. Continued on Schedule O

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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 $1,952,810

Program Service Revenue $134,335,475

Investment Income $0

Other Revenue $19,787,429

TOTAL REVENUE $156,075,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,295,984

Fundraising Expenses $0

Program Expenses $148,542,266

Other Expenses $40,305,567

TOTAL EXPENSES $155,601,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,075,714	$144,790,715	+0.1%
Expenses	$155,601,551	$146,062,937	+0.1%
Net Income	$474,163	$-1,272,222	-1.4%

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

555

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

$3,913,042

Total Directors

$7,218,479

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David N Maine MD	President/CEO, Ex Officio	23.0	Officer Director	$0	$44,299	$2,203,513
Jennifer Schwarzmann	treasurer/secretary	15.0	Officer Director	$0	$27,259	$348,587
Justin C Deibel	Vice Chair	5.0	Officer Director	$0	$49,474	$1,360,942
Christopher Thomaskutty	Director	1.0	Director	$0	$44,299	$753,409
Claudine Schiro-Baker	Director	15.0	Director	$0	$48,689	$534,682
Marcella Bailey	Director	15.0	Director	$0	$27,533	$298,740
Mary B Coyne	Director	15.0	Director	$0	$6,671	$217,422
Michael Mullen	Director	1.0	Director	$0	$45,299	$428,615
Wilma AS Rowe MD	Director	1.0	Director	$0	$47,592	$1,072,569
Charles Park MD	Physician	40.0	Highest	$1,994,435	$54,953	$2,049,388
Dwight D Im MD	Physician	40.0	Highest	$4,190,974	$51,046	$4,242,020
John-paul Rue	Physician	40.0	Highest	$1,639,389	$44,603	$1,683,992
Joseph J Ciotola MD	Physician	40.0	Highest	$2,296,110	$33,694	$2,329,804
Kevin M Audlin MD	Physician	40.0	Highest	$1,577,433	$49,778	$1,627,211

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	$156,075,714	$155,601,551	$115,985,909	$474,163
2024	$144,790,715	$146,062,937	$48,928,667	$-1,272,222
2023	$133,724,246	$134,008,589	$7,755,601	$-284,343
2022	$128,007,387	$130,358,807	$14,186,568	$-2,351,420
2021	$118,131,477	$120,652,867	$16,847,824	$-2,521,390
2020	$107,368,012	$109,384,018	$17,420,513	$-2,016,006
2019	$108,381,262	$107,967,752	$16,218,717	$413,510
2018	$104,228,765	$104,895,798	$15,250,487	$-667,033