MARYLAND MEDICINE PA

EIN: 521908496 501(c)(3) Health Care

BALTIMORE, MD

Total Revenue
$16,590,228
Total Expenses
$16,582,192
Total Assets
$682,026
Net Assets
$38,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MD
Principal Officer
RACHEL HOOVER
Phone
6672141820
Tax Period
2022-07-01 to 2023-06-30

MARYLAND MEDICINE PA, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $16.6M in total revenue in fiscal year 2022.

Mission

THE ORGANIZATION ENGAGES IN THE PRACTICE OF PROVIDING EMPLOYMENT SERVICES TO THE PROFESSIONAL ASSOCIATIONS (PA) OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, AS A SUPPORT ORGANIZATION FOR THE SCHOOL OF MEDICINE. PAS CONTRACTING FOR THE ORGANIZATION'S SERVICES DO NOT HAVE TO EMPLOY THE FACULTY SEPARATELY (DUPLICATIVE BENEFITS/HR POLICIES/ETC.). THE PROVIDERS WHO ARE EMPLOYED BY THE ORGANIZATION HAVE A FORMAL CLINICAL FACULTY APPOINTMENT WITH THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE WITHIN A CLINICAL DEPARTMENT. EACH CLINICAL DEPARTMENT HAS A "PA" WHICH SERVES AS THE CLINICAL VEHICLES FOR THE PROVIDER'S PRACTICE (BILLING, PRACTICE LOCATION, STAFF, MALPRACTICE, ETC.). EACH PA IS A NOT FOR PROFIT 501(C)(3) CORPORATION WITH A MISSION OF PROVIDING CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND DELIVERING HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR THE SERVICES ON BEHALF OF THE SCHOOL OF MEDICINE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $16,577,044
Investment Income $13,184
Other Revenue $0
TOTAL REVENUE $16,590,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,577,044
Fundraising Expenses $0
Program Expenses $16,577,044
Other Expenses $5,148
TOTAL EXPENSES $16,582,192

Year-over-Year Comparison

2022 2021 Change
Revenue $16,590,228 $15,985,943 +0.0%
Expenses $16,582,192 $15,956,343 +0.0%
Net Income $8,036 $29,600 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
N/A
Employees
152
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
5
$701,586
Total Directors
3
$181,472
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM E TUCKER TREASURER (THRU 07/22) 1.0
Officer
$0 $54,454 $520,114
KYLE HATTEN MD PHYSICIAN 0.0
Highest
$0 $27,427 $403,632
DAVID JERRARD MD PHYSICIAN 0.0
Highest
$0 $15,093 $312,534
MICHAEL BOND MD PHYSICIAN 0.0
Highest
$0 $14,708 $309,781
GIRISH SETHURAMAN MD PHYSICIAN 0.0
Highest
$0 $11,819 $292,662
BRENT KING MD PHYSICIAN 0.0
Highest
$0 $19,531 $289,941
E ALBERT REECE MD PRESIDENT (THRU 08/22) 0.1
Officer Director
$0 $26,139 $179,400
ANTHONY F LEHMAN MD VICE PRESIDENT (THRU 07/22) 0.1
Officer Director
$0 $2,035 $2,035
MARK GLADWIN MD PRESIDENT (FROM 08/22) 0.0
Officer Director
$0 $0 $37
RACHEL HOOVER TREASURER (FROM 04/23) 1.0
Officer
$0 $0 $0
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 $16,590,228 $16,582,192 $682,026 $8,036
2022 $15,985,943 $15,956,343 $767,855 $29,600
2021 $2,470,350 $2,470,350 $120,047 No data
2020 $2,474,948 $2,474,948 $113,631 No data
2019 $2,092,501 $2,092,501 $106,629 No data
2018 $1,958,950 $1,958,950 $106,507 No data
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