Civic Intelligence

Maryland Medicine Pa

EIN 52-1908496 • 501(c)3 • Baltimore, MD

Profile

Under the medical service plan of the university of maryland, school of medicine, administrative support services are provided to the physician practices of the university of maryland, including human resources and other payroll services. These services allow the physician practices to deliver healthcare to the general public without regard to the patient's ability to pay for the services on behalf of the school of medicine.

250 WEST PRATT STREET Suite 901Baltimore, MD 21201

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.99x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

35th percentile

-0.2%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

51st percentile

5.2%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

2.3%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$717,681

Up $35,655 (+5.2%) from 2023

Liabilities

Up

$707,507

Up $64,117 (+10.0%) from 2023

Net Assets

Down

$10,174

Down $28,462 (-74%) from 2023

Revenue

Up

$16,974,028

Up $383,800 (+2.3%) from 2023

Expenses

Up

$17,002,490

Up $420,298 (+2.5%) from 2023

Net Income

Down

-$28,462

Down $36,498 (-454%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2016: $606,642Liabilities 2016: $605,642Net Assets 2016: $1,0002016Assets 2017: $118,454Liabilities 2017: $117,454Net Assets 2017: $1,0002017Assets 2018: $106,507Liabilities 2018: $105,507Net Assets 2018: $1,0002018Assets 2019: $106,629Liabilities 2019: $105,629Net Assets 2019: $1,0002019Assets 2020: $113,631Liabilities 2020: $112,631Net Assets 2020: $1,0002020Assets 2021: $120,047Liabilities 2021: $119,047Net Assets 2021: $1,0002021Assets 2022: $767,855Liabilities 2022: $737,255Net Assets 2022: $30,6002022Assets 2023: $682,026Liabilities 2023: $643,390Net Assets 2023: $38,6362023Assets 2024: $717,681Liabilities 2024: $707,507Net Assets 2024: $10,1742024

Highlighted filing

2024

Assets$717,681
Liabilities$707,507
Net Assets$10,174

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2016: $1,630,312Expenses 2016: $1,630,312Net Income 2016: $02016Revenue 2017: $2,026,762Expenses 2017: $2,026,762Net Income 2017: $02017Revenue 2018: $1,958,950Expenses 2018: $1,958,950Net Income 2018: $02018Revenue 2019: $2,092,501Expenses 2019: $2,092,501Net Income 2019: $02019Revenue 2020: $2,474,948Expenses 2020: $2,474,948Net Income 2020: $02020Revenue 2021: $2,470,350Expenses 2021: $2,470,350Net Income 2021: $02021Revenue 2022: $15,985,943Expenses 2022: $15,956,343Net Income 2022: $29,6002022Revenue 2023: $16,590,228Expenses 2023: $16,582,192Net Income 2023: $8,0362023Revenue 2024: $16,974,028Expenses 2024: $17,002,490Net Income 2024: -$28,4622024

Highlighted filing

2024

Revenue$16,974,028
Expenses$17,002,490
Net Income-$28,462

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$16,974,028
Mission and Program Overview

Mission

Under the medical service plan of the university of maryland, school of medicine, administrative support services are provided to the physician practices of the university of maryland, including human resources and other payroll services. These services allow the physician practices to deliver healthcare to the general public without regard to the patient's ability to pay for the services on behalf of the school of medicine.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$544,499$565,022▲ $20,523
Accounts Receivable$2,213$2,281▲ $68
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$682,026$717,681▲ $35,655
Other Assets Total$135,314$150,378▲ $15,064
Liabilities
Other Liabilities$422,097$450,000▲ $27,903
Accounts Payable and Accrued Expenses$221,293$257,507▲ $36,214
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$643,390$707,507▲ $64,117
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$38,636$10,174▼ $28,462
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$38,636$10,174▼ $28,462
Total Liabilities and Net Assets / Fund Balance$682,026$717,681▲ $35,655

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$150,378--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Rachel HooverTreasurer$509$509
Mark Gladwin MdPresident$58$58

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$16,942,325
Investment Income
$31,703
Other Revenue
$0
Change in Net Assets
$-28,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,943,793
Other Expenses$58,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,436,358--$15,436,358
Pension Plan Contributions$1,024,827--$1,024,827
Payroll Taxes$379,503--$379,503
Other Employee Benefits$103,105--$103,105
Fees for Services Accounting-$24,185-$24,185
Insurance-$22,913-$22,913
Fees for Services Legal-$2,450-$2,450
Fees for Service Investment Mgmnt Fees-$1,259-$1,259
Other Expenses-$303-$303
Office Expenses-$99-$99
Total Functional Expenses$16,943,793$58,697$0$17,002,490
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$450,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

The entity is a maryland corporation whose stockholders are physicians and members of the governing body.

FORM 990, PART VI, SECTION A, LINE 7A:

The stockholders elect the president of the entity who is a member of the governing body.

FORM 990, PART VI, SECTION B, LINE 8A & 8B:

There were no decisions that were made in this year that required board approval and the organization did not have any board meetings during the year.

FORM 990, PART VI, SECTION B, LINE 11B:

The entity receives a copy of the 990 and a representative of the governing body approves it before signing the electronic filing authorization.

FORM 990, PART VI, SECTION B, LINE 12C:

As part of their employment by maryland medicine, p.a. (mmpa) and the faculty practices of the university of maryland (pas), employees and faculty are required to follow the medical service plan. Msp policy #37 lists the requirements of compliance and good business practices. As part of the msp policy #37, mmpa also maintains a corporate compliance plan, which details expectations around conflict of interest situations and billing responsibilities. Mmpa relies on the good faith of its employees in the exercise of their responsibilities. All business judgment on behalf of mmpa should be made by its employees on the basis of such trust and in mmpa's best interests. Mmpa fully respects the rights of employees to privacy in their personal affairs and financial activities. The purpose of this policy is to provide guidance to employees in avoiding situations in their personal activities which are, or appear to be, in conflict with their responsibilities to mmpa. Although it is impractical to attempt to define every situation which might be considered a conflict of interest, generally speaking, a conflict exists when an employee's personal interests or activities may influence his or her judgment in the performance of his or her duty to mmpa. There may be cases where such conflicts are more theoretical than real, but employees should be concerned about possible conflicts and review and disclose this situation in light of the following guidelines. A major focus of the corporate compliance plan is currently on coding, billing, and documentation compliance and ensuring that regulations are being followed. However, compliance goes beyond avoiding penalties. Our total corporate compliance plan includes a full range of issues, including: - employment contracts - conflicts of interest - patient confidentiality - records retention - contracts and business relationships (including professional service agreements. - waivers of co-payments, coinsurance and deductibles, and more. While the compliance office will make every effort to provide appropriate compliance information to all employees, and to respond to all inquiries, no educational and training program, however comprehensive, can anticipate every situation that may present compliance issues. Responsibility for compliance with the corporate compliance plan, including the duty to seek guidance when in doubt, rests with each employee. The above information is discussed with each new employee and faculty member upon hire. Annual corporate compliance training touches on the above as well.

FORM 990, PART VI, SECTION B, LINE 15:

The process of determining salary is the same for all of mmpa's positions, including the executive class or the officers of the organization. Mmpa conducts an annual market review. The market review includes a review of all established positions and their salary levels within relevant markets, consistent with job content, responsibilities, and requirements. The following compensation surveys are used as benchmarks: watson wyatt, mhhra and aamc. Mmpa's benefits and compensation manager reviews the market analysis and completes an internal equity review. For executive class positions, salary recommendations are then presented to mmpa's president (the dean of the medical school) for approval. Mmpa engages an outside consulting firm to confirm the adequacy of salary grades and benchmarks at the individual position level.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Maryland Medicine Pa
EIN
52-1908496
In Care Of
% JACQUELINE FARRELL CFO
Phone
6672141820
Address
250 WEST PRATT STREET Suite 901, BALTIMORE, MD 21201

Signing Officer

Name
Rachel Hoover
Title
Treasurer
Phone
6672141128
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Hoover
Formed
1994
Legal Domicile
Md
Voting Board Members
1
Independent Board Members
0
Employees
140
Volunteers
0

Preparer

Firm
Bdo USA
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Todd Teresco
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

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.

Raw XML AppendixShowing 400 of 933 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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