LUMINIS HEALTH INC (EIN 521622253) - 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

VICTORIA BAYLESS

Phone

4434811308

Tax Period

2023-07-01 to 2024-06-30

LUMINIS HEALTH INC, founded in 1987, is a major nonprofit in the Health Care sector that reported $150.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $667.5M represent 53 months of operating reserves.

Mission

TO ENHANCE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.LUMINIS HEALTH IS A PREMIER REGIONAL MEDICAL SYSTEM SERVING 1.8 MILLION PEOPLE ACROSS ANNE ARUNDEL AND PRINCE GEORGE'S COUNTIES, THE EASTERN SHORE AND BEYOND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $150,892,910

Investment Income $0

Other Revenue $39,982

TOTAL REVENUE $150,932,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,881,064

Fundraising Expenses $0

Program Expenses $41,053,880

Other Expenses $80,447,479

TOTAL EXPENSES $149,328,543

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,932,892	$135,382,935	+0.1%
Expenses	$149,328,543	$134,866,832	+0.1%
Net Income	$1,604,349	$516,103	+2.1%

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

Employees

763

Volunteers

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

$4,024,124

Total Directors

$3,768,045

Key Employees

$3,172,635

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA BAYLESS	CEO/BOARD MEMBER	40.00	Officer Director	$2,088,080	$379,779	$2,467,859
JEFFREY GELFAND	BOARD MEMBER	1.00	Director	$0	$14,850	$1,300,186
LEISA C RUSSELL	CHAIR	1.00	Officer Director	$0	$0	$0
RENE LAVIGNE	VICE CHAIR (PART YEAR)	1.00	Officer Director	$0	$0	$0
ALAN J HYATT ESQ	VICE CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
PATRICIA ARZUAGA	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES CHAMBERS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH GHEZZI MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ATHENA GROVES	BOARD MEMBER	1.00	Director	$0	$0	$0
NIELS HOLCH	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA LAWLAH	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY MICHAEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MISTI MUKHERJEE	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY NEWBERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE PHILLIP	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK WHITLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM ADELMAN	GENERAL COUNSEL/SECRETARY	40.00	Officer	$624,046	$81,824	$705,870
KEVIN SMITH	CHIEF FINANCIAL OFFICER (PART YEAR)	40.00	Officer	$552,106	$68,409	$620,515
STEPHANIE SCHNITTGER	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$0
DOUGLAS WOMER	CHIEF FINANCIAL OFFICER (PART YEAR)	1.00	Officer	$223,930	$5,950	$229,880
MITCHELL SCHWARTZ MD	CHIEF PHYSICIAN EXECUTIVE	40.00	Key Emp	$0	$42,912	$953,990
SHERRY PERKINS	PRESIDENT OF LHAAMC	40.00	Key Emp	$0	$15,077	$921,273
DENEEN RICHMOND	PRESIDENT OF LHDCMC	0.00	Key Emp	$0	$90,681	$785,375
JENNIFER HARRINGTON	CHIEF OPERATING OFFICER	1.00	Key Emp	$0	$54,252	$511,997
MONICA B JONES	WOMENS & CHILDRENS DIVISION CHAIR	40.00	Highest	$754,916	$55,834	$810,750
SAAD CHAUDHRY	CHIEF INFORMATION OFFICER	40.00	Highest	$551,864	$74,671	$626,535
JUAN OCASIO-COLON	CHIEF HUMAN RESOURCE OFFIC	40.00	Highest	$465,186	$62,387	$527,573
SHIRLEY KNELLY	SENIOR ADVISOR	40.00	Highest	$436,618	$19,712	$456,330
ROBERT RICE	EXECUTIVE MEDICAL DIRECTOR	40.00	Highest	$628,995	$27,013	$656,008
MARY CLANCE MD	FORMER BOARD MEMBER/ PHYSI	0.00		$0	$11,288	$262,135
ROBERT REILLY	FORMER CFO	0.00		$119,510	$891	$120,401

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	$150,932,892	$149,328,543	$810,628,177	$1,604,349
2023	$135,382,935	$134,866,832	$759,453,502	$516,103
2022	$130,173,052	$130,778,511	$740,420,349	$-605,459
2021	$110,470,140	$110,592,358	$817,492,889	$-122,218
2020	$3,459,790	$3,999,874	$580,138,967	$-540,084
2019	$5,317,439	$3,381,064	$571,276,771	$1,936,375
2018	$4,426,099	$2,719,063	$516,883,970	$1,707,036

LUMINIS HEALTH INC