Luminis Health Imaging Inc
- Assets
- $113.6m
- Revenue
- $30.9m
- Investments
- $0.0
- Employees
- 114
- Location
- Annapolis, MD
- Founding
- 09/1987
- Data as of
- 06/2022
- EIN
- 52-1467734
Organization Overview
Luminis Health Imaging Inc is located in Annapolis, MD. The organization was established in 1987. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Luminis Health Imaging Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luminis Health Imaging Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Luminis Health Imaging Inc generated $30.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $24.4m during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUTPATIENT HEALTH CENTERS PROVIDING DIAGNOSTIC AND MAGNETIC IMAGING SERVICES FOR PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTPATIENT HEALTH CENTERS PROVIDING DIAGNOSTIC AND MAGNETIC IMAGING SERVICES FOR PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Petre MD Board Member | Trustee | 1 | $0 |
Mitchell Schwartz MD Chair | OfficerTrustee | 1 | $0 |
Kevin L Smith Luminis Cfo, Secretary/treasurer | OfficerTrustee | 1 | $0 |
Samip Patel MD Board Member | Trustee | 1 | $0 |
Andrew Mcglone Board Member | Trustee | 1 | $0 |
Karen Scott Executive Director | OfficerTrustee | 40 | $281,257 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown Croft And Frazier Radiology Service | 6/29/22 | $7,480,420 |
Change Healthcare Billing Service | 6/29/22 | $1,248,271 |
Diagnostic Imaging Associates Radiology Service | 6/29/22 | $257,182 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,304 |
| Total Program Service Revenue | $30,799,537 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,869,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $300,760 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,272,082 |
| Pension plan accruals and contributions | $204,908 |
| Other employee benefits | $590,141 |
| Payroll taxes | $489,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,753,145 |
| Advertising and promotion | $0 |
| Office expenses | $3,112,377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,209,984 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,707 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $650,421 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,430,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $471,565 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,146,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $254,431 |
| Net Land, buildings, and equipment | $5,393,531 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $104,296,960 |
| Total assets | $113,563,441 |
| Accounts payable and accrued expenses | $2,188,975 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $826,191 |
| Total liabilities | $3,015,166 |
| Net assets without donor restrictions | $110,548,275 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $113,563,441 |