UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES PA (EIN 521557551) - 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

1987

Legal Domicile

Principal Officer

CHRISTINE LAU MD

Phone

6672141721

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES PA, founded in 1987, is a mid-sized nonprofit in the Health Care sector that reported $45.6M in total revenue in fiscal year 2022. Expenses of $43.7M left a modest 4% 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 (2022)

Revenue Breakdown

Contributions & Grants $10,315

Program Service Revenue $45,527,879

Investment Income $49,254

Other Revenue $0

TOTAL REVENUE $45,587,448

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $24,167,178

Fundraising Expenses $0

Program Expenses $38,998,620

Other Expenses $19,510,271

TOTAL EXPENSES $43,679,449

Year-over-Year Comparison

	2022	2021	Change
Revenue	$45,587,448	$47,618,547	0.0%
Expenses	$43,679,449	$48,536,630	-0.1%
Net Income	$1,907,999	$-918,083	-3.1%

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

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

$962,799

Total Directors

$1,765,217

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE L LAU MD	PROF & CHAIR, DEP OF SURGERY	40.0	Officer Director	$935,320	$27,479	$962,799
DAVID L ROBACZEWSKI MD	PHYSICIAN	40.0	Highest	$914,893	$41,071	$955,964
JAMES M BROWN MD	PHYSICIAN	40.0	Highest	$696,482	$27,953	$724,435
YVONNE RASKO MD	PHYSICIAN	40.0	Highest	$556,670	$27,954	$584,624
BRAD TAYLOR MD	PHYSICIAN	40.0	Highest	$432,107	$22,651	$454,758
EKATERINI TSIAPALI MD	PHYSICIAN	40.0	Highest	$419,533	$32,696	$452,229
RAJABRATA SARKAR MD	BOARD MEMBER	40.0	Director	$325,671	$26,845	$352,516
SHERI SLEZAK MD	BOARD MEMBER	40.0	Director	$292,461	$26,934	$319,395
ALEXANDER SASHA KRUPNICK MD	BOARD MEMBER	40.0	Director	$64,296	$14,639	$78,935
STEPHEN M KAVIC MD	BOARD MEMBER	40.0	Director	$42,676	$8,896	$51,572

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	$45,587,448	$43,679,449	$15,200,862	$1,907,999
2022	$47,618,547	$48,536,630	$11,808,965	$-918,083
2021	$47,311,185	$49,281,087	$11,427,911	$-1,969,902
2020	$40,392,389	$40,143,784	$12,556,597	$248,605
2019	$39,425,908	$40,030,351	$10,383,094	$-604,443
2018	$38,036,976	$37,274,690	$10,447,616	$762,286
2018	$38,036,976	$37,184,312	$10,447,616	$852,664

UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES PA