UNIVERSITY OF MARYLAND ONCOLOGY ASSOCIATES PA

EIN: 521949649 501(c)(3) Health Care

BALTIMORE, MD

Total Revenue
$7,064,781
Total Expenses
$6,764,700
Total Assets
$4,418,408
Net Assets
$-139,623
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MD
Phone
4103286222
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF MARYLAND ONCOLOGY ASSOCIATES PA, founded in 1995, is a community nonprofit in the Health Care sector that reported $7.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $6.8M left a modest 4% surplus.

Mission

UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.

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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 $6,913,056
Investment Income $151,725
Other Revenue $0
TOTAL REVENUE $7,064,781

Expense Breakdown

Grants Paid $0
Salaries & Benefits $672,787
Fundraising Expenses $0
Program Expenses $6,156,961
Other Expenses $6,091,913
TOTAL EXPENSES $6,764,700

Year-over-Year Comparison

2024 2023 Change
Revenue $7,064,781 $6,068,166 +0.2%
Expenses $6,764,700 $5,324,238 +0.3%
Net Income $300,081 $743,928 -0.6%
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

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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
27
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
4
$384,963
Total Directors
7
$531,741
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron Rapoport MD VICE PRESIDENT 35.0
Officer Director
$14,031 $4,050 $83,276
Taofeek Owonikoko MD PRESIDENT (AS OF 01/24) 12.0
Officer Director
$100,000 $3,750 $200,876
Jean Yared DIRECTOR (AS OF 07/24) 36.0
Director
$0 $3,604 $44,413
Maria Baer MD DIRECTOR 10.0
Director
$12,306 $2,961 $99,754
Paula Rosenblatt MD DIRECTOR (THRU 06/24) 35.0
Director
$25,349 $3,402 $39,292
Ranee Mehra DIRECTOR (AS OF 07/24) 26.0
Director
$0 $3,593 $12,079
Vu Duong MD DIRECTOR (THRU 06/24) 33.0
Director
$19,085 $2,932 $52,051
Nicholas Jaidar SECRETARY 4.0
Officer
$0 $0 $77,958
Suzanne Cignatta Treasurer (AS OF 07/24) 4.0
Officer
$0 $0 $22,853
Susan Hodges RN NURSE PRACTITIONER 40.0
Highest
$146,605 $34,647 $181,252
Kevin Cullen MD PRESIDENT (THRU 01/24) 14.0
$66,137 $8,209 $74,346
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 $7,064,781 $6,764,700 $4,418,408 $300,081
2024 No data No data No data No data
2023 $5,402,322 $4,611,121 $3,276,471 $791,201
2022 $5,582,044 $6,816,366 $3,174,565 $-1,234,322
2021 $5,598,327 $5,852,499 $2,404,871 $-254,172
2020 $4,545,398 $4,881,793 $1,979,856 $-336,395
2019 $4,780,659 $4,934,982 $1,270,128 $-154,323
2018 $4,744,304 $4,772,167 $1,643,501 $-27,863
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