Baltimore Washington Healthcare Services Inc

EIN: 521830243 501(c)(3)

Glen Burnie, MD

Total Revenue
$106,693,385
Total Expenses
$131,502,740
Total Assets
$9,798,187
Net Assets
$6,660,285
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MD
Phone
4103281376
Tax Period
2024-07-01 to 2025-06-30

Baltimore Washington Healthcare Services Inc, founded in 1993, is a major nonprofit that reported $106.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $131.5M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE THE HIGHEST QUALITY HEALTHCARE SERVICES TO THE COMMUNITY WE SERVE THROUGH OUR VISION STATEMENT: OUTSTANDING PEOPLE, EXCEPTIONAL SERVICE AND UNCOMPROMISING QUALITY.

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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 $58,677
Program Service Revenue $91,550,997
Investment Income $0
Other Revenue $15,083,711
TOTAL REVENUE $106,693,385

Expense Breakdown

Grants Paid $3,676
Salaries & Benefits $76,602,240
Fundraising Expenses $0
Program Expenses $128,849,912
Other Expenses $54,896,824
TOTAL EXPENSES $131,502,740

Year-over-Year Comparison

2024 2023 Change
Revenue $106,693,385 $89,937,317 +0.2%
Expenses $131,502,740 $113,553,437 +0.2%
Net Income $-24,809,355 $-23,616,120 +0.1%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
572
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
$1,982,514
Total Directors
3
$1,982,514
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT MCCONE Treasurer 1.0
Officer Director
$0 $76,840 $440,967
JASON HEAVNER MD Secretary 1.0
Officer Director
$0 $15,886 $641,650
KATHLEEN C MCCOLLUM CEO AND PRESIDENT, UMBWMC 1.0
Officer Director
$0 $56,464 $899,897
CLIFFORD T SOLOMON MD PHYSICIAN 40.0
Highest
$866,158 $45,620 $911,778
DANNY LIANG MD PHYSICIAN 40.0
Highest
$889,311 $47,610 $936,921
HARVINDER SINGH MD PHYSICIAN 40.0
Highest
$773,239 $71,590 $844,829
MARSHALL E BENJAMIN MD PHYSICIAN 40.0
Highest
$659,068 $48,804 $707,872
RATNAKER MUKHERJEE MD PHYSICIAN 40.0
Highest
$742,555 $69,963 $812,518
ALFRED A PIETSCH Former TREASURER 0.0
$0 $18,054 $357,643
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 $106,693,385 $131,502,740 $9,798,187 $-24,809,355
2024 No data No data No data No data
2023 $78,565,281 $101,416,950 $9,570,515 $-22,851,669
2022 $76,393,967 $91,030,639 $10,734,324 $-14,636,672
2021 $73,433,237 $92,756,130 $14,143,338 $-19,322,893
2020 $67,892,267 $87,850,943 $6,766,571 $-19,958,676
2019 $60,511,504 $81,229,584 $8,001,605 $-20,718,080
2018 No data No data No data No data
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