Luminis Health Inc
- Assets
- $740.4m
- Revenue
- $130.2m
- Investments
- $0.0
- Employees
- 762
- Location
- Annapolis, MD
- Founding
- 06/1990
- Data as of
- 06/2022
- EIN
- 52-1622253
Organization Overview
Luminis Health Inc is located in Annapolis, MD. The organization was established in 1990. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2022, Luminis Health Inc employed 762 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luminis Health 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 Inc generated $130.2m in total revenue. All expenses for the organization totaled $130.8m during the year ending 06/2022. While expenses have increased by 70.0% 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
LUMINIS HEALTH IS A PREMIER REGIONAL MEDICAL SYSTEM SERVING 1.2 MILLION PEOPLE ACROSS ANNE ARUNDEL, PRINCE GEORGE'S, CALVERT, QUEEN ANNE'S, AND TALBOT AND KENT COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUMINIS HEALTH, INC. CARRIES OUT ITS MISSION BY PROVIDING CENTRALIZED MANAGEMENT AND OTHER SERVICE SUPPORT FUNCTIONS FOR ITS SUPPORTED ORGANIZATIONS IN THE INTEGRATED HEALTH SYSTEM.
LUMINIS HEALTH, INC. OPERATES THROUGH ITS OWNERSHIP OF LUMINIS HEALTH COLLABORATIVE CARE NETWORK, LLC THE AAMC COLLABORATIVE CARE NETWORK, WHICH IS A MEDICARE SHARED SAVINGS PROGRAM (MSSP) ACO TRACK 1. THE ACO IS A GROUP OF PROVIDERS WHO HAVE VOLUNTARILY COME TOGETHER WITH MEDICARE TO PROVIDE HIGH QUALITY CARE TO ASSIGNED GROUP OF MEDICARE BENEFICIARIES. WHILE PROVIDING HIGH QUALITY, COORDINATED CARE, THE ACO IS ALSO LOWERING THE GROWTH IN HEALTH CARE COSTS.
LUMINIS HEALTH, INC. HAS A JOINT VENTURE WITH ANOTHER NOT-FOR-PROFIT ORGANIZATION IN WHICH IT OWNS AND OPERATES A MEDICAL OFFICE BUILDING TO FURTHER ITS EXEMPT PURPOSE OF PROVIDING THE COMMUNITY WITH ACCESS TO A WIDE RANGE OF QUALITY HEALTH CARE SERVICES, FROM PRIMARY CARE, TO COMPLEX SPECIALTY CARE, TO CUTTING EDGE RESEARCH THROUGH PARTICIPATION IN CLINICAL TRIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Bayless Ceo/board Member | OfficerTrustee | 40 | $1,969,389 |
Leisa C Russell Chair | OfficerTrustee | 1 | $0 |
Rene Lavigne Vice Chairman | OfficerTrustee | 1 | $0 |
Alan J Hyatt ESQ Treasurer | OfficerTrustee | 1 | $0 |
Timothy Adams Board Member | Trustee | 1 | $0 |
Patricia Arzuaga Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accounts Receivable Clearing House Financial Collections | 6/29/22 | $1,731,541 |
Ogletree Deakins Nash Smoak Stewart Legal Services | 6/29/22 | $851,301 |
Anderson & Quinn Llc Legal Services | 6/29/22 | $733,602 |
Kpmg Llp Accounting & Audit Services | 6/29/22 | $547,790 |
Ernst & Young Llp Accounting & Audit Services | 6/29/22 | $375,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $130,173,052 |
| 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 | $130,173,052 |
| 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. | $6,414,154 |
| Compensation of current officers, directors, key employees. | $3,207,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,704,934 |
| Pension plan accruals and contributions | $1,226,454 |
| Other employee benefits | $3,622,868 |
| Payroll taxes | $4,307,064 |
| Fees for services: Management | $1,830,231 |
| Fees for services: Legal | $482,909 |
| Fees for services: Accounting | $80,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,792 |
| Fees for services: Other | $25,276,227 |
| Advertising and promotion | $2,014,132 |
| Office expenses | $11,665,768 |
| Information technology | $14,424,315 |
| Royalties | $0 |
| Occupancy | $3,290,025 |
| Travel | $400,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,031 |
| All other expenses | $41,000 |
| Total functional expenses | $130,778,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $583,932 |
| Prepaid expenses and deferred charges | $6,114,428 |
| Net Land, buildings, and equipment | $57,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $733,664,294 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $740,420,349 |
| Accounts payable and accrued expenses | $36,869,509 |
| Grants payable | $0 |
| Deferred revenue | $864,291 |
| 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 | $102,251,796 |
| Total liabilities | $139,985,596 |
| Net assets without donor restrictions | $578,649,089 |
| Net assets with donor restrictions | $21,785,664 |
| 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 | $740,420,349 |
Grants Awarded
Over the last fiscal year, Luminis Health Inc has awarded $663,879 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANNE ARUNDEL MEDICAL CENTER FOUNDATION INC PURPOSE: TO SUPPORT OPERATING EXPENSES OF AAMCFDN | $581,000 |
PHYSICIAN ENTERPRISE LLC PURPOSE: TO SUPPORT OPERATING EXPENSES OF PE | $82,879 |