Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $3,091,143

• 1e · Government grants (contributions)

  $148,951

• 1f · All other contributions, gifts and grants

  $140,720

• 2a · Program service revenue: NET PATIENT REVENUE

  total $480,844,894 · related or exempt $480,844,894 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $4,082,183 · related or exempt $0 · unrelated business $0 · excluded $4,082,183

• 6a · Gross rents

  real property $1,277,409

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,277,409 · personal property $0

• 6d · Net rental income or loss

  total $1,277,409 · related or exempt $0 · unrelated business $0 · excluded $1,277,409

• 7a · Gross sales of assets other than inventory

  securities $83,792,392

• 7b · Less cost or other basis and sales expenses

  securities $79,580,645

• 7c · Gain or loss

  securities $4,211,747 · other assets $0

• 7d · Net gain or loss

  total $4,211,747 · related or exempt $0 · unrelated business $0 · excluded $4,211,747

• 11a · Other revenue: Insurance Recovery

  total $451,439 · related or exempt $451,439 · unrelated business $0 · excluded $0

• 11b · Other revenue: Research

  total $90,087 · related or exempt $90,087 · unrelated business $0

• 11c · Other revenue: Telephone & Data

  total $74,237 · related or exempt $0 · unrelated business $0 · excluded $74,237

• 11d · All other revenue

  total $66,375 · related or exempt $66,375 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $682,138

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 7 · Other salaries and wages

  total $175,457,855 · program services $127,232,114 · management and general $48,225,741 · fundraising $0

• 8 · Pension plan contributions

  total $7,228,476 · program services $5,241,682 · management and general $1,986,794 · fundraising $0

• 9 · Other employee benefits

  total $20,556,305 · program services $14,906,270 · management and general $5,650,035 · fundraising $0

• 10 · Payroll taxes

  total $12,604,958 · program services $9,140,403 · management and general $3,464,555 · fundraising $0

• 11d · Fees: lobbying

  total $17,027 · program services $0 · management and general $17,027 · fundraising $0

• 11f · Fees: investment management

  total $413,532 · program services $0 · management and general $413,532 · fundraising $0

• 11g · Fees: other

  total $112,333,645 · program services $112,333,645 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $70,186 · program services $50,895 · management and general $19,291 · fundraising $0

• 13 · Office expenses

  total $1,352,862 · program services $981,019 · management and general $371,843 · fundraising $0

• 16 · Occupancy

  total $4,634,296 · program services $3,360,529 · management and general $1,273,767 · fundraising $0

• 17 · Travel

  total $79,534 · program services $57,674 · management and general $21,860 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $477,455 · program services $346,223 · management and general $131,232 · fundraising $0

• 20 · Interest

  total $8,005,000 · program services $5,804,773 · management and general $2,200,227 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $30,166,049 · program services $21,874,713 · management and general $8,291,336 · fundraising $0

• 23 · Insurance

  total $11,191,888 · program services $10,879,197 · management and general $312,691 · fundraising $0

• 24a · Other expenses: MEDICAL SUPPLIES

  total $55,770,675 · program services $55,770,675 · management and general $0 · fundraising $0

• 24b · Other expenses: BAD DEBT EXPENSE

  total $17,451,884 · program services $17,451,884 · management and general $0 · fundraising $0

• 24c · Other expenses: REPAIR/MAINT

  total $3,868,621 · program services $2,805,305 · management and general $1,063,316 · fundraising $0

• 24d · Other expenses: FOOD & HOUSEKEEPING

  total $3,406,324 · program services $2,470,074 · management and general $936,250 · fundraising $0

• 24e · All other expenses

  total $4,974,921 · program services $3,686,608 · management and general $1,288,313 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,168,161 · end of year $3,615,705

• 2 · Savings and temporary cash investments

  beginning of year $21,818,938 · end of year $1,887,904

• 4 · Accounts receivable

  beginning of year $47,159,059 · end of year $57,876,681

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $6,754,881 · end of year $6,558,265

• 9 · Prepaid expenses and deferred charges

  beginning of year $350,999 · end of year $2,319,176

• 10a · Land, buildings and equipment: cost or other basis

  $550,665,080

• 10b · Land, buildings and equipment: accumulated depreciation

  $314,668,693

• 10c · Land, buildings and equipment, net

  beginning of year $250,522,940 · end of year $235,996,387

• 11 · Investments: publicly traded securities

  beginning of year $120,290,000 · end of year $120,123,000

• 12 · Investments: other securities

  beginning of year $83,119,798 · end of year $103,144,168

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $57,766,272 · end of year $14,428,721

• 17 · Accounts payable and accrued expenses

  beginning of year $35,628,449 · end of year $11,126,754

• 19 · Deferred revenue

  beginning of year $159,093 · end of year $69,817

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $216,786,799 · end of year $177,205,353

• 27 · Net assets without donor restrictions

  beginning of year $328,060,809 · end of year $345,156,653

• 28 · Net assets with donor restrictions

  beginning of year $10,315,898 · end of year $12,391,430

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

ALL COMPENSATION TO OFFICERS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, THE UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATION (UMMS) OR ANOTHER RELATED ENTITY IN THE UMMS SYSTEM. THE FOLLOWING ARE USED BY THE RELATED ENTITY TO ESTABLISH THE COMPENSATION OF ORGANIZATION'S CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

DURING THE FISCAL YEAR- ENDED JUNE 30, 2024, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN THE UMMS SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUAL LISTED BELOW HAS NOT VESTED IN THE PLAN THEREFORE THE ACCRUED CONTRIBUTION TO THE PLAN FOR THE FISCAL YEAR IS REPORTED ON SCHEDULE J, PART II, COLUMN C, RETIREMENT AND OTHER DEFERRED COMPENSATION: JASON CARTER MATTHEW CLARK RODERICK W. KING CATHERINE WHITAKER-KLICK DURING THE FISCAL YEAR ENDED JUNE 30, 2024, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN THE UMMS SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUAL LISTED BELOW HAS VESTED IN THE PLAN IN THE REPORTING TAX YEAR, THEREFORE THE FULL VALUE OF THE PLAN, INCLUDING ANY CONTRIBUTIONS TO THE PLAN FOR THE CURRENT FISCAL YEAR ARE REPORTED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, LINE B(III), OTHER REPORTABLE COMPENSATION. PRIOR YEAR CONTRIBUTIONS TO THE PLAN WERE PREVIOUSLY REPORTED ON FORM 990 AND ARE INDICATED ON SCHEDULE J, PART II, COLUMN (F). KATHRYN BURK, $54,571 DEBORAH HALL, $21,019 REBECCA PIETSCH, $20,256 DURING THE FISCAL YEAR-ENDED JUNE 30, 2024, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN THE UNIVERSITY OF MARYLAND MEDICAL SYSTEM (UMMS) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAVE VESTED IN THE PLAN IN A PRIOR YEAR, THEREFORE THE CONTRIBUTIONS TO THE PLAN FOR THE FISCAL YEAR ARE REPORTED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, LINE B (III), OTHER REPORTABLE COMPENSATION: NEEL VIBHAKAR, $56,690 ALFRED A. PIETSCH, $43,038 KATHLEEN C. MCCOLLUM, $83,988 MOHAN SUNTHA, $357,713 DAVID G. HUNT, $33,845

Schedule J, Part I, Line 7 Non-fixed payments

BONUSES PAID ARE BASED ON A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOAL ACHIEVEMENTS AS WELL AS ORGANIZATION OPERATION ACHIEVEMENTS. THE FINAL DETERMINATION OF THE BONUS AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF THE OFFICERS AND KEY EMPLOYEES.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• BALTIMORE WASHINGTON IMAGING

  N/A · HEALTHCARE · MD

  Directly controlled by UMBWMS

• UNIVERSITYCARE LLC

  N/A · HEALTHCARE · MD

  Directly controlled by UMMSC

• O'DEA MEDICAL ARTS LIMITED PAR

  N/A · RENTAL · MD

  Directly controlled by SJMC PROP

• ADVANCED IMAGING AT ST JOSEPH

  N/A · HEALTHCARE · MD

  Directly controlled by UMSJMC

• UNIVERSITY OF MARYLAND CHARLES

  N/A · HEALTHCARE · MD

  Directly controlled by UMCRCP

• BALTIMORE ASC VENTURES LLC

  N/A · HEALTHCARE · DE

  Directly controlled by UMSJMC

• UCHSUMMS Real Estate Trust

  N/A · Holding Co · MD

  Directly controlled by UMMSC

• UM Chesapeake Surgery Center LLC

  N/A · Healthcare · MD

  Directly controlled by UCHV

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• NA EXECUTIVE BUILDING CONDO ASSN INC

  C Corporation · REAL ESTATE · MD

  Directly controlled by NA

• UM CHARLES REGIONAL CARE PARTNERS

  C Corporation · HEALTHCARE · MD

  Directly controlled by NA

• UNIVERSITY MIDTOWN PROF CENTER

  C Corporation · REAL ESTATE · MD

  Directly controlled by NA

• UNIVERSITY OF MARYLAND MEDICAL SYSTEM HE

  C Corporation · INSURANCE · MD

  Directly controlled by NA

• UPPER CHESAPEAKE HEALTH VENTURES INC

  C Corporation · HEALTHCARE · MD

  Directly controlled by NA

• UPPER CHESAPEAKE MEDICAL CENTER LAND CON

  C Corporation · REAL ESTATE · MD

  Directly controlled by NA

• UPPER CHESAPEAKE MEDICAL OFFICE BUILDING

  C Corporation · REAL ESTATE · MD

  Directly controlled by NA

• SHORE ORTHOPEDICS INC

  C Corporation · HEALTHCARE · MD

  Directly controlled by NA

• MADISON MANOR INC

  C Corporation · HEALTHCARE · MD

  Directly controlled by NA

• AFFILIATED ENTERPRISES INC

  C Corporation · HEALTHCARE · MD

  Directly controlled by NA

• RIVERSIDE HEALTH OF DELAWARE INC

  C Corporation · HEALTHCARE · DE

  Directly controlled by NA

• RIVERSIDE HEALTH OF DC INC

  C Corporation · HEALTHCARE · DC

  Directly controlled by NA