Overview
What is University Of Maryland Medical System Corporation?
The University of Maryland Medical System Corporation (UMMS) is a renowned, private, non-profit healthcare organization based in Baltimore, Maryland. Spanning 12 hospitals, including the academic hub, UMMC, and 11 community and specialty hospitals across Maryland, UMMS offers a wide range of inpatient and outpatient services for individuals in the region, regardless of their financial capabilities. UMMS is a significant referral center for trauma, cancer care, neurocare, cardiac care and heart surgery, women's and children's health, and organ transplants. It boasts one of the most technologically advanced operating room facilities and is globally recognized for its innovation in minimally invasive surgical procedures. UMMS extends charity care to patients unable to pay, totaling approximately $15.9 million in 2022. The organization aims to generate revenues that help cover the costs of providing these essential services.
Official website here: www.umms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 82% - Three-Star out of Four Star Rating
The University of Maryland Medical System Corporation has received an 82% score from Charity Navigator, indicating a solid level of performance in terms of accountability and finance. The rating is reflective of the organization's strong commitment to governance, such as having a fully independent board and maintaining comprehensive policies for conflict of interest and whistleblower protections.
Strengths in their financial practices are evident, particularly with a remarkable program expense ratio of nearly 97%, suggesting that the majority of their expenditures are directed toward their mission-driven activities. Additionally, the organization has successfully avoided material diversions of assets, showcasing fiscal integrity.
However, the organization struggles with its liabilities to assets ratio, receiving a low score in this area. This may indicate potential concerns regarding financial stability that could be worth monitoring. Overall, while the University of Maryland Medical System Corporation demonstrates robust accountability and financial practices, stakeholders should remain aware of its liabilities relative to its assets.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Maryland Medical System Corporation legitimate?
University Of Maryland Medical System Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Maryland Medical System Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $12,877,316
Professional Fundraising Fees: $0
Other Salaries and Wages: $793,767,000
For more financial information, click here
Official website here: www.umms.org
What is the mission statement of University Of Maryland Medical System Corporation?
The University of Maryland Medical System Corporation (UMMS) is a non-profit health system committed to offering a range of inpatient and outpatient services to individuals in Maryland, irrespective of their financial capabilities. These services aim to help offset the associated costs through generated revenues. UMMS encompasses 12 hospitals, including a major referral center and 11 community and specialty hospitals across Maryland. UMMS is renowned for its expertise in trauma, cancer care, neurocare, cardiac care, heart surgery, women's and children's health, and organ transplants. The medical center features advanced operating room facilities and is globally recognized for its pioneering work in minimally invasive surgical procedures. UMMS extends charity care to those unable to pay, with an estimated value of $15.9 million for the fiscal year ending June 30, 2022.
Official website here: www.umms.org
Who is the CEO of University Of Maryland Medical System Corporation?
Unavailable The CEO's salary of University Of Maryland Medical System Corporation is $1,663,541 and their total compensation is $1,873,272.
Official website here: www.umms.org
What is the revenue of University Of Maryland Medical System Corporation?
University Of Maryland Medical System Corporation's revenue in 2022 was $2,230,343,745.
Official website here: www.umms.org
Who are the executives of University Of Maryland Medical System Corporation and what are their salaries?
The average compensation at University Of Maryland Medical System Corporation during 2022 was $53,311. There are 15131 employees and 671 volunteers at University Of Maryland Medical System Corporation.
Here are 49 key members and their salaries (University Of Maryland Medical System Corporation's CEO's salary is $1,663,541 and their total compensation is $1,873,272):
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- Compensation: $1,663,541
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Official website here: www.umms.org
Where can I find the form 990 for University Of Maryland Medical System Corporation?
University Of Maryland Medical System Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umms.org
Learn more at the official website: www.umms.org
Mission Statement of University Of Maryland Medical System Corporation
University of Maryland Medical System Corporation, or UMMS, is a renowned, private, non-profit healthcare organization dedicated to providing a wide range of inpatient and outpatient services to individuals in the Maryland area, regardless of their ability to pay. With revenues utilized to help offset the costs of these services, UMMS continues to make a significant impact on the community's health and wellbeing.
UMMS operates as a comprehensive healthcare network, consisting of 12 hospitals: the academic hub, University of Maryland Medical Center (UMMC), and 11 community and specialty hospitals spread throughout the state of Maryland. UMMC serves as a leading referral center for advanced care in trauma, cancer, neurocare, cardiac care and heart surgery, women's and children's health, and organ transplants. Boasting one of the most technologically advanced operating room facilities, UMMS is internationally recognized for its pioneering work in minimally invasive surgical procedures.
Through its commitment to serving those in need, UMMS extends charitable care to patients who cannot pay for their treatment. In the fiscal year ending on June 30, 2022, UMMS provided approximately $15.9 million in charity care. By combining exceptional medical care with financial assistance, the University of Maryland Medical System Corporation continues to make a difference in the lives of countless individuals in Maryland.
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Impact
October, 2024
The University of Maryland Medical System Corporation (UMMS) plays a vital role in the healthcare landscape of Maryland, offering a wide range of inpatient and outpatient services to the community. With its main academic hub located at the University of Maryland Medical Center (UMMC) in Baltimore, UMMS operates 12 hospitals, including specialty facilities focused on trauma, cancer care, neurocare, cardiac care, women's and children's health, and organ transplants.
UMMS is recognized as a regional and national referral center, particularly known for its advanced technologies in surgical practices, including minimally invasive procedures. This commitment to innovation enhances patient outcomes and elevates the standard of care in the region.
A significant aspect of UMMS's impact is its dedication to providing charity care. In the fiscal year ending June 30, 2022, UMMS offered approximately $15.9 million in charity care to patients unable to pay for services. This underscores UMMS's mission to ensure that all individuals have access to necessary medical care, regardless of their financial circumstances.
Overall, UMMS not only supports the health and well-being of Maryland residents through comprehensive medical services but also reinforces the importance of community health access and innovation in medical care.
This information is meant to be a general summary of University Of Maryland Medical System Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $63,190,528
- Program Service Revenue: $2,070,824,003
- Gross Receipts: $2,511,690,107
Assets and Liabilities:
- Total Assets: $5,321,652,043
- Total Liabilities: $3,396,622,645
- Net Assets: $1,925,029,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$1,887,951,496
PHARMACY
Revenue
$175,237,967
Care Management Fees
Revenue
$7,634,540
Organization Details
Founding Year
1984
Phone
(443) 462-5811Main Address
22 South Greene Street, Baltimore, MD, 21201
Website
www.umms.orgNTEE Category
Code: E220 - Health
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