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Nonprofiteer
← GREATER BALTIMORE MEDICAL CENTER

Form 990 for tax year 2024

Filed by GREATER BALTIMORE MEDICAL CENTER.

Totals

Total revenue
$674,638,318
Total expenses
$678,549,032
Contributions and grants received
$14,855,631
Grants paid
$153,880
Program service revenue
$631,737,335
Investment income
$26,772,608
Other revenue
$1,272,744
Total assets, end of year
$870,329,948
Total liabilities, end of year
$474,908,914
Net assets or fund balances, end of year
$395,421,034
Program services expenses (Part IX)
$578,702,117
Management and general expenses
$97,798,817
Fundraising expenses
$2,048,098
Program service expenses (Part III)
$578,702,117

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $518,132

  • 1d · Related organizations

    $4,154,990

  • 1e · Government grants (contributions)

    $516,055

  • 1f · All other contributions, gifts and grants

    $9,666,454

  • 2a · Program service revenue: PATIENT SERVICE

    total $595,177,431 · related or exempt $595,177,431

  • 2b · Program service revenue: SPECIALTY PHARMACY

    total $24,521,325 · related or exempt $24,521,325

  • 2c · Program service revenue: OTHER PATIENT REVENUE

    total $12,038,579 · related or exempt $11,883,947 · unrelated business $154,632

  • 3 · Investment income

    total $18,983,745 · unrelated business $339,323 · excluded $18,644,422

  • 4 · Income from investment of tax-exempt bond proceeds

    total $1,146,825 · excluded $1,146,825

  • 7a · Gross sales of assets other than inventory

    securities $7,260,683 · other assets $979,009

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

    securities $1,597,654 · other assets $0

  • 7c · Gain or loss

    securities $5,663,029 · other assets $979,009

  • 7d · Net gain or loss

    total $6,642,038 · excluded $6,642,038

  • 8a · Fundraising events: gross income

    $34,328

  • 8a · Fundraising events: contributions included on line 1c

    $518,132

  • 8b · Fundraising events: direct expenses

    $193,584

  • 8c · Net income from fundraising events

    total -$159,256 · excluded -$159,256

  • 11a · Other revenue: PARKING REVENUE

    total $1,359,958 · excluded $1,359,958

  • 11b · Other revenue: CAFETERIA INCOME

    total $72,042 · excluded $72,042

  • 11e · Other revenue, total

    $1,432,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $153,880 · program services $153,880

  • 5 · Compensation of officers, directors and key employees

    total $9,188,705 · management and general $9,188,705

  • 7 · Other salaries and wages

    total $324,617,753 · program services $290,637,172 · management and general $32,913,751 · fundraising $1,066,830

  • 8 · Pension plan contributions

    total $7,158,676 · program services $4,697,244 · management and general $2,437,624 · fundraising $23,808

  • 9 · Other employee benefits

    total $26,258,851 · program services $25,543,098 · management and general $600,570 · fundraising $115,183

  • 10 · Payroll taxes

    total $21,295,281 · program services $18,483,304 · management and general $2,734,668 · fundraising $77,309

  • 11a · Fees: management

    total $2,662,313 · program services $1,001,434 · management and general $1,660,879

  • 11b · Fees: legal

    total $244,201 · program services $57,153 · management and general $187,048

  • 11c · Fees: accounting

    total $325,151 · management and general $325,151

  • 11d · Fees: lobbying

    total $5,727 · management and general $5,727

  • 11f · Fees: investment management

    total $627,087 · management and general $627,087

  • 11g · Fees: other

    total $45,212,976 · program services $34,748,991 · management and general $10,078,855 · fundraising $385,130

  • 12 · Advertising and promotion

    total $883,895 · program services $7,873 · management and general $821,934 · fundraising $54,088

  • 13 · Office expenses

    total $8,249,292 · program services $7,714,976 · management and general $312,341 · fundraising $221,975

  • 14 · Information technology

    total $16,528,285 · program services $10,419,236 · management and general $6,101,848 · fundraising $7,201

  • 16 · Occupancy

    total $16,890,588 · program services $16,156,092 · management and general $734,496

  • 17 · Travel

    total $552,599 · program services $194,576 · management and general $352,428 · fundraising $5,595

  • 19 · Conferences, conventions and meetings

    total $1,185,801 · program services $611,171 · management and general $573,265 · fundraising $1,365

  • 20 · Interest

    total $7,954,974 · program services $76,459 · management and general $7,878,515

  • 22 · Depreciation, depletion and amortization

    total $35,608,578 · program services $21,920,076 · management and general $13,676,344 · fundraising $12,158

  • 23 · Insurance

    total $3,267,656 · program services $2,302,072 · management and general $965,584

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $141,608,612 · program services $141,608,612

  • 24b · Other expenses: PURCHASED SERVICES

    total $6,199,585 · program services $2,316,516 · management and general $3,805,613 · fundraising $77,456

  • 24c · Other expenses: GRANT RESERVE

    total $1,136,546 · management and general $1,136,546

  • 24d · Other expenses: INSTITUTIONAL DUES

    total $732,020 · program services $52,182 · management and general $679,838

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $76,580,813 · end of year $59,972,569

  • 3 · Pledges and grants receivable

    beginning of year $26,924,133 · end of year $28,534,410

  • 4 · Accounts receivable

    beginning of year $74,421,946 · end of year $72,239,217

  • 8 · Inventories for sale or use

    beginning of year $6,974,809 · end of year $6,430,592

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,052,501 · end of year $16,928,240

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

    $892,440,550

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

    $523,617,508

  • 10c · Land, buildings and equipment, net

    beginning of year $376,391,151 · end of year $368,823,042

  • 11 · Investments: publicly traded securities

    beginning of year $130,331,894 · end of year $128,021,222

  • 12 · Investments: other securities

    beginning of year $68,189,501 · end of year $64,181,247

  • 15 · Other assets

    beginning of year $124,435,176 · end of year $125,199,409

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,698,238 · end of year $78,847,615

  • 19 · Deferred revenue

    beginning of year $1,123,144 · end of year $2,777,980

  • 20 · Tax-exempt bond liabilities

    beginning of year $235,772,862 · end of year $231,628,977

  • 23 · Secured mortgages and notes payable

    beginning of year $21,495,219 · end of year $19,077,894

  • 25 · Other liabilities

    beginning of year $139,504,849 · end of year $142,576,448

  • 27 · Net assets without donor restrictions

    beginning of year $328,469,168 · end of year $313,098,865

  • 28 · Net assets with donor restrictions

    beginning of year $89,238,444 · end of year $82,322,169

Mission and programs · 2024

Mission

THE MISSION OF GBMC IS TO PROVIDE MEDICAL CARE AND SERVICE OF THE HIGHEST QUALITY TO EACH PATIENT AND TO EDUCATE THE NEXT GENERATION OF CLINICIANS, LEADING TO HEALTH, HEALING AND HOPE FOR THE COMMUNITY. OUR VISION: TO EVERY PATIENT, EVERY TIME, WE WILL PROVIDE THE CARE THAT WE WOULD WANT FOR OUR OWN LOVED ONES.

Activities or mission (Part I)

TO PROVIDE MEDICAL CARE AND SERVICE OF THE HIGHEST QUALITY TO EACH PATIENT LEADING TO HEALTH, HEALING, AND HOPE.

  • GREATER BALTIMORE MEDICAL CENTER, INC. (GBMC) IS A LEADING HEALTHCARE DESTINATION, PROUDLY SERVING OUR COMMUNITY WITH COMPASSION AND EXCELLENCE. OUR 211-BED ACUTE CARE MEDICAL CENTER PROVIDES ADVANCED MEDICAL SERVICES ON A WELCOMING SUBURBAN CAMPUS. IN THE PAST YEAR, GBMC CARED FOR 12,478 INPATIENTS, SUPPORTED 5,078 PATIENTS UNDER OBSERVATION, AND CELEBRATED THE ARRIVAL OF 3,670 NEWBORNS. OUR SPECIALIZED PROGRAMS - WOMEN'S CANCER CARE, SURGICAL AND MEDICAL SERVICES, AND COMPREHENSIVE ONCOLOGY - CONTINUE TO GROW TO MEET COMMUNITY NEEDS. WE RECENTLY EXPANDED OUR ONCOLOGY SERVICES, OPENING THE SANDRA R. BERMAN CANCER CENTER PROVIDING 15,670 INFUSION THERAPY VISITS.

    Expenses $299,191,389 · Revenue $317,395,558

  • DURING THE PAST FISCAL YEAR, GBMC'S STATE-OF-THE-ART OPERATING ROOMS SUCCESSFULLY PERFORMED MORE THAN 19,684 INPATIENT AND OUTPATIENT SURGICAL PROCEDURES, REFLECTING OUR COMMITMENT TO EXCEPTIONAL CARE AND INNOVATION. OUR SURGICAL SPECIALTIES ARE AMONG THE MOST ADVANCED IN THE REGION AND INCLUDE: - COMPREHENSIVE OBESITY MANAGEMENT PROGRAM - HOME TO THE OLDEST RECOGNIZED ASMBS CENTER OF EXCELLENCE IN METROPOLITAN BALTIMORE, SETTING THE STANDARD FOR BARIATRIC CARE. - JOHNS HOPKINS HEAD AND NECK SURGERY AT GBMC - PROVIDING WORLD-CLASS EXPERTISE CLOSE TO HOME. - MINIMALLY INVASIVE AND ENDOCRINE SURGERY - DELIVERING FASTER RECOVERY AND BETTER OUTCOMES THROUGH CUTTING-EDGE TECHNIQUES. - NEUROSURGERY, VASCULAR AND THORACIC SURGERY, AND UROLOGY - OFFERING HIGHLY SPECIALIZED CARE WITH A FOCUS ON PATIENT SAFETY AND QUALITY.

    Expenses $125,969,934 · Revenue $113,503,709

  • DURING THE FISCAL YEAR, OUR EMERGENCY DEPARTMENT PROVIDED CARE TO 58,132 PATIENTS, DELIVERING TIMELY AND COMPASSIONATE TREATMENT FOR A WIDE RANGE OF MEDICAL NEEDS. TO ENSURE EFFICIENT SERVICE AND REDUCE WAIT TIMES, THE DEPARTMENT IS ORGANIZED INTO THREE SPECIALIZED CARE AREAS: - URGENT CARE - DESIGNED FOR PATIENTS WITH MINOR INJURIES OR CONDITIONS, SUCH AS SPRAINS, REQUIRING PROMPT ATTENTION. - EMERGENT CARE - EQUIPPED TO HANDLE SEVERE AND COMPLEX CASES, INCLUDING ACUTE ABDOMINAL PAIN, CHEST PAIN, AND TRAUMATIC INJURIES FROM MOTOR VEHICLE ACCIDENTS. - OBSERVATIONAL CARE - LOCATED ADJACENT TO EMERGENT CARE, THIS AREA SUPPORTS ADULT PATIENTS WHO REQUIRE MONITORING AND EVALUATION WITHOUT HOSPITAL ADMISSION. OUR COMMITMENT TO PATIENT-CENTERED CARE ENSURES THAT INDIVIDUALS AND FAMILIES RECEIVE THE HIGHEST LEVEL OF SERVICE IN A SAFE, RESPONSIVE ENVIRONMENT.

    Expenses $23,671,933 · Revenue $35,891,927

  • AMBULATORY, POST ACUTE AND PRIMARY CARE SERVICES

    Expenses $129,868,861 · Grants $153,880 · Revenue $164,791,509

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN B CHESSARE MD

    DIRECTOR/CEO GBMC HEALTHCARE

    Total calculated
    $1,172,384
    From this org
    $1,139,114
    From related orgs
    $0
    Other
    $33,270
    Hours/week
    32 + 28 related

    Schedule J breakdown matched by us

    Base
    $848,972
    Bonus
    $0
    Other
    $290,142
    Deferred
    $11,208
    Nontaxable benefits
    $22,062
    Filer's total
    $1,172,384
  • ROBIN MOTTER-MAST DO

    DIRECTOR/CHIEF OF STAFF

    Total calculated
    $457,203
    From this org
    $421,636
    From related orgs
    $0
    Other
    $35,567
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $401,120
    Bonus
    $20,000
    Other
    $516
    Deferred
    $8,640
    Nontaxable benefits
    $26,927
    Filer's total
    $457,203
  • J CHRISTOPHER GREENAWALT MD

    DIRECTOR/VICE CHIEF OF STAFF

    Total calculated
    $390,703
    From this org
    $369,702
    From related orgs
    $0
    Other
    $21,001
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $369,426
    Bonus
    $0
    Other
    $276
    Deferred
    $11,250
    Nontaxable benefits
    $9,751
    Filer's total
    $390,703
  • FAITH E THOMAS

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • TIMOTHY L KRONGARD

    CO VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JAMES B STRADTNER

    CO VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • STEPHEN T SCOTT

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • CHRISTINA FITTS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ROBERT AUMILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • HEIDI KENNY BERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • SANDRA BERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MONIQUE BOOKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • TOBI HOLLANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • FREDERICK M HUDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • HARRY S JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • LEON KAPLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ANTHONY V MILANDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • PATRICIA J MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BERNARD RHEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • STEPHEN PLANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JOHN R SAUNDERS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MICHELLE SIRI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • STUART A SMITH III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • DEVON SMITH DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • BONNIE B STEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • STEVEN A THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ALEXIS THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MARION G THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JOHN L FLOWERS MD

    EVP & CHIEF MEDICAL OFFICER

    Total calculated
    $865,709
    From this org
    $824,782
    From related orgs
    $0
    Other
    $40,927
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $546,521
    Bonus
    $177,694
    Other
    $100,567
    Deferred
    $11,112
    Nontaxable benefits
    $29,815
    Filer's total
    $865,709
  • LAURIE R BEYER

    EVP & CFO GBMC HEALTHCARE

    Total calculated
    $815,423
    From this org
    $700,392
    From related orgs
    $0
    Other
    $115,031
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $445,983
    Bonus
    $148,630
    Other
    $105,779
    Deferred
    $85,248
    Nontaxable benefits
    $29,783
    Filer's total
    $815,423
  • CATHERINE HAMEL

    EVP/PRES. GILCHRIST & CHIEF STRATEGY OFFICER

    Total calculated
    $657,328
    From this org
    $621,557
    From related orgs
    $0
    Other
    $35,771
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $394,329
    Bonus
    $136,175
    Other
    $91,053
    Deferred
    $6,670
    Nontaxable benefits
    $29,101
    Filer's total
    $657,328
  • CARL JEAN-BAPTISTE

    GENERAL COUNSEL & SVP FOR LEGAL SERVICES

    Total calculated
    $470,217
    From this org
    $402,632
    From related orgs
    $0
    Other
    $67,585
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $358,781
    Bonus
    $41,046
    Other
    $2,805
    Deferred
    $40,000
    Nontaxable benefits
    $27,585
    Filer's total
    $470,217
  • ANNA-MARIA G PALMER

    SVP HR AND ORG DEVELOPMENT AND CHRO

    Total calculated
    $556,125
    From this org
    $484,241
    From related orgs
    $0
    Other
    $71,884
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $351,803
    Bonus
    $93,190
    Other
    $39,248
    Deferred
    $48,655
    Nontaxable benefits
    $23,229
    Filer's total
    $556,125
  • ERLENE WASHINGTON

    SVP & COO OF GBMC HEALTH PARTNERS

    Total calculated
    $530,184
    From this org
    $456,532
    From related orgs
    $0
    Other
    $73,652
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $332,919
    Bonus
    $81,354
    Other
    $42,259
    Deferred
    $46,869
    Nontaxable benefits
    $26,783
    Filer's total
    $530,184
  • JENNY COLDIRON

    SVP OF DEVELOPMENT AND MARKETING

    Total calculated
    $460,149
    From this org
    $429,487
    From related orgs
    $0
    Other
    $30,662
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $294,262
    Bonus
    $73,781
    Other
    $61,444
    Deferred
    $6,209
    Nontaxable benefits
    $24,453
    Filer's total
    $460,149
  • STACEY L MCGREEVY

    EVP & COO HOSPITAL

    Total calculated
    $513,513
    From this org
    $436,110
    From related orgs
    $0
    Other
    $77,403
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $311,042
    Bonus
    $92,201
    Other
    $32,867
    Deferred
    $55,121
    Nontaxable benefits
    $22,282
    Filer's total
    $513,513
  • ANGELA FEURER

    SVP AND CNO

    Total calculated
    $469,265
    From this org
    $392,473
    From related orgs
    $0
    Other
    $76,792
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $289,159
    Bonus
    $77,244
    Other
    $26,070
    Deferred
    $42,871
    Nontaxable benefits
    $33,921
    Filer's total
    $469,265
  • CAROLYN L CANDIELLO

    SVP OF QUALITY AND PATIENT SAFETY

    Total calculated
    $404,216
    From this org
    $375,116
    From related orgs
    $0
    Other
    $29,100
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $257,751
    Bonus
    $62,498
    Other
    $54,867
    Deferred
    $6,138
    Nontaxable benefits
    $22,962
    Filer's total
    $404,216
  • MICHAEL STEIN

    SVP CLINICAL & SUPPORT OPPS

    Total calculated
    $387,371
    From this org
    $326,318
    From related orgs
    $0
    Other
    $61,053
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $261,982
    Bonus
    $59,940
    Other
    $4,396
    Deferred
    $34,270
    Nontaxable benefits
    $26,783
    Filer's total
    $387,371
  • DAVID J HYNSON

    VP & CIO (PART YEAR)

    Total calculated
    $246,413
    From this org
    $239,542
    From related orgs
    $0
    Other
    $6,871
    Hours/week
    45 + 15 related

    Schedule J breakdown matched by us

    Base
    $155,159
    Bonus
    $70,453
    Other
    $13,930
    Deferred
    $3,940
    Nontaxable benefits
    $2,931
    Filer's total
    $246,413
  • VICTOR A KHOUZAMI MD

    CHAIR/PHYSICIAN

    Total calculated
    $1,329,529
    From this org
    $1,295,261
    From related orgs
    $0
    Other
    $34,268
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,078,987
    Bonus
    $199,208
    Other
    $17,066
    Deferred
    $11,299
    Nontaxable benefits
    $22,969
    Filer's total
    $1,329,529
  • BIMAL G RAMI MD

    PHYSICIAN

    Total calculated
    $1,252,990
    From this org
    $1,214,999
    From related orgs
    $0
    Other
    $37,991
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $891,530
    Bonus
    $323,193
    Other
    $276
    Deferred
    $11,208
    Nontaxable benefits
    $26,783
    Filer's total
    $1,252,990
  • NIRAJ JANI MD

    PHYSICIAN

    Total calculated
    $835,569
    From this org
    $797,330
    From related orgs
    $0
    Other
    $38,239
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $667,011
    Bonus
    $130,043
    Other
    $276
    Deferred
    $11,456
    Nontaxable benefits
    $26,783
    Filer's total
    $835,569
  • ANEESHA VARREY MD

    PHYSICIAN

    Total calculated
    $760,058
    From this org
    $748,593
    From related orgs
    $0
    Other
    $11,465
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $664,662
    Bonus
    $83,823
    Other
    $108
    Deferred
    $11,236
    Nontaxable benefits
    $229
    Filer's total
    $760,058
  • CHEN GANG MD

    PHYSICIAN

    Total calculated
    $900,775
    From this org
    $886,445
    From related orgs
    $0
    Other
    $14,330
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $545,332
    Bonus
    $340,838
    Other
    $275
    Deferred
    $11,459
    Nontaxable benefits
    $2,871
    Filer's total
    $900,775

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
GBMC HEALTHCARE HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN ("SERP"). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE GBMC HEALTHCARE BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS, THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. DURING CALENDAR YEAR 2024, THE FOLLOWING PARTICIPATED IN THE SERP PLAN: JOHN B. CHESSARE - $249,618 LAURIE R. BEYER - $74,730 JOHN L. FLOWERS, M.D. - $87,750 CATHERINE HAMEL - $64,845 CAROLYN L. CANDIELLO - $29,480 JENNY COLDIRON - $36,567 DAVID J. HYNSON - $12,473 STACEY L. MCGREEVY - $48,315 ANNA-MARIA G. PALMER - $36,980 ERLENE WASHINGTON - $35,320 MICHAEL STEIN - $27,000 ANGELA FEURER - $31,400 CARL JEAN-BAPTISTE - $40,000 DURING THE CALENDAR YEAR, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN THE SERP PLAN: JOHN B. CHESSARE, M.D. - $249,618 JOHN L. FLOWERS, M.D. - $87,750 CATHERINE Y. HAMEL - $64,845 CAROLYN L. CANDIELLO - $29,480 JENNY COLDIRON - $36,567 LAURIE BEYER - $74,069 ERLENE WASHINGTON - $36,622 ANNA-MARIA PALMER - $31,794 STACEY MCGREEVY - $29,773 DAVID J. HYNSON - $12,473
PART I, LINE 7
EXECUTIVE BONUSES ARE ESTABLISHED BY THE BOARD OF DIRECTORS COMPENSATION COMMITTEE WITH THE CONSULTATION OF AN INDEPENDENT THIRD-PARTY EXECUTIVE COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE FOLLOWS GOVERNANCE BEST PRACTICES: - ESTABLISHES AN EXECUTIVE COMPENSATION PHILOSOPHY. - CONDUCTS A COMPREHENSIVE COMPENSATION REVIEW AND APPROVAL PROCESS LED BY AN INDEPENDENT, BOARD-AUTHORIZED COMPENSATION COMMITTEE. - REINFORCES PAY-FOR-PERFORMANCE THROUGH AN ANNUAL INCENTIVE PLAN, WITH GOALS AND METRICS APPROVED BY THE COMPENSATION COMMITTEE; DETERMINATION OF ACHIEVEMENT AND AWARDS WITHIN COMPENSATION COMMITTEE'S SOLE DISCRETION. - PROMOTES TRANSPARENCY WITH ANNUAL REPORT TO THE BOARD. - ENSURES COMPLIANCE WITH IRS "INTERMEDIATE SANCTIONS" SAFE HARBOR* PROTECTIONS FOR EXECUTIVE COMPENSATION DECISIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

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

Related corporations and trusts

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

  • GBMC AGENCY INC

    C · INVESTMENTS · MD

  • RUXTON INSURANCE COMPANY INC

    C · INSURANCE CAPTIVE · BD · 100% owned · share of income $4,713,598 · share of assets $80,044,728 · controlled entity

    Directly controlled by GREATER BALTIMORE MEDICAL CENTER INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 March 2026
IRS schema version
2024v5.5
Source object
202621319349304127

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