ANNAPOLIS, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
SUPPORT AND ENCOURAGE QUALITY HEALTH CARE, MEDICAL, AND RELATED SERVICES ACROSS ANNE ARUNDEL, PRINCE GEORGE'S, CALVERT, QUEEN ANNE'S, AND TALBOT AND KENT COUNTIES, BY AMONG OTHER ACTIVITIES, CONDUCTING FUNDRAISING AND OTHER OPERATIONS FOR THE BENEFIT OF AND PROVIDING OVERALL POLICY COORDINATION AND STRATEGIC LONG-RANGE PLANNING FOR LUMINIS HEALTH ANNE ARUNDEL MEDICAL CENTER, INC., LUMINIS HEALTH DOCTORS COMMUNITY MEDICAL CENTER INC. AND RELATED SUBSIDIARIES THAT ARE ENGAGED IN THE PROVISION OF HEALTH CARE, MEDICAL, HUMAN AND RELATED SERVICES.
LUMINIS HEALTH, INC. CARRIES OUT ITS MISSION BY PROVIDING CENTRALIZED MANAGEMENT AND OTHER SERVICE SUPPORT FUNCTIONS FOR ITS SUPPORTED ORGANIZATIONS IN THE INTEGRATED HEALTH SYSTEM.
LUMINIS HEALTH, INC. OPERATES THROUGH ITS OWNERSHIP OF LUMINIS HEALTH COLLABORATIVE CARE NETWORK, LLC THE AAMC COLLABORATIVE CARE NETWORK, WHICH IS A MEDICARE SHARED SAVINGS PROGRAM (MSSP) ACO TRACK...
LUMINIS HEALTH, INC. OPERATES THROUGH ITS OWNERSHIP OF LUMINIS HEALTH COLLABORATIVE CARE NETWORK, LLC THE AAMC COLLABORATIVE CARE NETWORK, WHICH IS A MEDICARE SHARED SAVINGS PROGRAM (MSSP) ACO TRACK 1. THE ACO IS A GROUP OF PROVIDERS WHO HAVE VOLUNTARILY COME TOGETHER WITH MEDICARE TO PROVIDE HIGH QUALITY CARE TO ASSIGNED GROUP OF MEDICARE BENEFICIARIES. WHILE PROVIDING HIGH QUALITY, COORDINATED CARE, THE ACO IS ALSO LOWERING THE GROWTH IN HEALTH CARE COSTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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