LUMINIS HEALTH REAL ESTATE HOLDING CO INC

EIN: 521622251

ANNAPOLIS, MD

Total Revenue
$6,344,421
Total Expenses
$221,174
Total Assets
$70,075,414
Net Assets
$35,965,698
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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
1989
Legal Domicile
MD
Principal Officer
MICHELLE LEE
Phone
4434811308
Tax Period
2024-07-01 to 2025-06-30

LUMINIS HEALTH REAL ESTATE HOLDING CO INC, founded in 1989, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. The organization ran a surplus of $6.1M, a strong 97% operating margin.

Mission

TO ENHANCE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.REAL ESTATE HOLDING COMPANY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,828,975
Investment Income $10,942
Other Revenue $1,504,504
TOTAL REVENUE $6,344,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $198,224
Other Expenses $221,174
TOTAL EXPENSES $221,174

Year-over-Year Comparison

2024 2023 Change
Revenue $6,344,421 $6,396,058 0.0%
Expenses $221,174 $249,980 -0.1%
Net Income $6,123,247 $6,146,078 0.0%
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
5
Independent Members
N/A
Employees
N/A
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
2
$742,955
Total Directors
5
$2,025,261
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER HARRINGTON BOARD MEMBER/ LHAAMC COO 1.00
Director
$0 $53,690 $595,732
STEPHANIE SCHNITTGER LH CFO/CHAIRMAN/TREASURER 1.00
Officer Director
$0 $54,647 $637,116
JUDY SMITH BOARD MEMBER/ VP SUPPLY CHAIN & RE 1.00
Director
$0 $3,726 $316,616
GREG VINCI SECRETARY/LH VP REAL ESTATE 1.00
Officer Director
$0 $755 $105,839
CHARLENE HARRISON BOARD MEMBER/LH VP WOMEN'S & CHILDREN'S 1.00
Director
$0 $40,248 $369,958
SHERRY PERKINS FORMER BOARD MEMBER/ LHAAMC PRESIDENT (PART YEAR) 1.00
$0 $18,825 $1,012,781
DENEEN M RICHMOND FORMER BOARD MEMBER/ LHDCMC PRESIDENT (PART YEAR) 1.00
$0 $83,559 $915,772
VICTORIA W BAYLESS LH CEO & FORMER CHAIR 1.00
$0 $17,114 $3,409,414
ROBERT REILLY FORMER CFO & CHAIRMAN 0.00
$0 $0 $139,667
PETER ODENWALD FORMER LHCE COO/SECRETARY/TREASURER 1.00
$0 $45,384 $516,568
KEVIN SMITH FORMER LH CFO/CHAIRMAN 0.00
$0 $3,333 $107,755
SAAD H CHAUDHRY FORMER BOARD MEMBER/ LH CIO 1.00
$0 $42,772 $415,055
DOUGLAS WOMER FORMER LH CFO/CHAIRMAN 0.00
$0 $10,867 $370,879
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 $6,344,421 $221,174 $70,075,414 $6,123,247
2024 No data No data No data No data
2023 $5,642,164 $296,629 $71,823,028 $5,345,535
2022 $7,109,141 $240,863 $71,306,820 $6,868,278
2021 $9,291,782 $300,506 $72,121,077 $8,991,276
2020 $7,265,407 $102,706 $73,842,063 $7,162,701
2019 $5,495,122 $226,932 $68,379,023 $5,268,190
2018 $3,905,231 $118,904 $63,038,794 $3,786,327
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