UNIVERSITY OF MARYLAND ORTHOPAEDIC ASSOCIATES PA

EIN: 522122145 501(c)(3) Education

BALTIMORE, MD

Total Revenue
$42,642,731
Total Expenses
$46,469,443
Total Assets
$29,149,322
Net Assets
$628,304
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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
1998
Legal Domicile
MD
Phone
4103286040
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF MARYLAND ORTHOPAEDIC ASSOCIATES PA, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $42.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

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 $42,372,446
Investment Income $270,285
Other Revenue $0
TOTAL REVENUE $42,642,731

Expense Breakdown

Grants Paid $46,150
Salaries & Benefits $23,356,059
Fundraising Expenses $0
Program Expenses $41,436,914
Other Expenses $23,067,234
TOTAL EXPENSES $46,469,443

Year-over-Year Comparison

2024 2023 Change
Revenue $42,642,731 $36,073,976 +0.2%
Expenses $46,469,443 $36,941,020 +0.3%
Net Income $-3,826,712 $-867,044 +3.4%
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
1
Independent Members
N/A
Employees
192
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
$2,430,457
Total Directors
1
$290,511
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank R Henn III MD President 20.0
Officer Director
$273,215 $17,296 $290,511
Lawrence K Thompson Secretary 10.0
Officer
$32,196 $6,827 $241,199
Marcus Sciadini MD Treasurer 30.0
Officer
$375,006 $28,597 $403,603
Steven Ludwig MD Vice President 31.0
Officer
$1,470,370 $24,774 $1,495,144
Brent Bauer MD Physician 26.0
Highest
$541,708 $29,513 $571,221
Daniel Cavanaugh MD Physician 33.0
Highest
$959,131 $29,989 $989,120
Eugene Koh MD Physician 26.0
Highest
$541,087 $30,107 $571,194
Jason Nascone MD Physician 28.0
Highest
$398,373 $28,610 $426,983
Louis Bivona MD Physician 30.0
Highest
$379,020 $28,600 $407,620
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 $42,642,731 $46,469,443 $29,149,322 $-3,826,712
2024 No data No data No data No data
2023 $32,021,373 $36,270,635 $23,007,975 $-4,249,262
2022 $28,178,486 $35,969,907 $17,746,963 $-7,791,421
2021 $27,085,599 $33,130,250 $13,376,270 $-6,044,651
2020 $22,171,929 $27,674,591 $13,601,262 $-5,502,662
2019 $19,599,023 $25,638,201 $11,803,878 $-6,039,178
2018 $19,068,563 $26,226,933 $11,958,544 $-7,158,370
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