Lifebridge Health Inc
SEE SCHEDULE O
IRS Tax Year 2022
Period ending June 30, 2023
Total Revenue
$317.4M
Total Expenses
$326.2M
Net Assets
$1.1B
Employees
2,200
Volunteers
28
Grants Paid
$9.3M
Program Expense Ratio
26.0%
Fundraising Efficiency
3.7%
This nonprofit profile presents IRS Form 990 tax filing data for Lifebridge Health Inc (EIN: 52-1402373), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Lifebridge Health Inc is a 501(c)(3) nonprofit headquartered in BALTIMORE, MD, founded in 1985. The organization has held tax-exempt status since 1986. In its 2022 filing, the organization reported $317.4M in total revenue, a 10.9% increase from the prior year, and $326.2M in total expenses. The organization employed 2,200 people and engaged 28 volunteers. NEIL MELTZER, PRESIDENT/CEO, is the highest-compensated individual at $4,027,911. The organization runs 1 program, totaling $84.8M in program expenses. 6 of 6 recommended governance policies are in place. Executive benefits include club dues.
Lifebridge Health Inc is classified under NTEE code E210. Its foundation type is 17.
Programs(Tax Year 2022)
1 record
Lifebridge Health Inc operates 1 program, with total program expenses of $84.8M. Lifebridge Health Inc's largest program accounts for 100% of total program spending.
THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO ESTABLISH AND MANAGE A HEALTH CARE SYSTEM IN SUPPORT OF THE FOLLOWING 501(C)(3) ORGANIZATIONS: SINAI HOSPITAL OF BALTIMORE, INC., NORTHWEST HOSPITAL CENTER, INC., LEVINDALE HEBREW GERIATRIC CENTER AND HOSPITAL, INC., CARROLL HOSPITAL CENTER, INC., GRACE MEDICAL CENTER INC., CENTER FOR HOPE, INC. (FORMERLY KNOWN AS BALTIMORE CHILD ABUSE CENTER, INC.), AND WEST BALTIMORE RENAISSANCE FOUNDATION, INC.
Financial Overview(Tax Years 2019–2022)
4 records
Over the past 4 years, Lifebridge Health Inc's revenue has grown from $246.3M to $317.4M, a 28.9% increase. Program expenses represent 26% of total spending.
Revenue increased 10.9% year-over-year, while expenses grew 10.0%. net assets fell to $1.1B, down 2.0% from the prior year. the organization added 926 employees.
Lifebridge Health Inc derives 0% from contributions and grants, with 100% from program services, with 0% from investment income.
Revenue is heavily concentrated: 100% comes from program service revenue, indicating limited diversification.
Lifebridge Health Inc allocates 26% to programs, 73% to management and general, 1% to fundraising.
Revenue grew by 10.9% and expenses grew by 10.0% year over year.
Lifebridge Health Inc distributed $9.3M in grants to other organizations and individuals, representing 3% of total expenses.
Over 4 filings from 2019–2022, Lifebridge Health Inc grew revenue from $246.3M to $317.4M (+28.9%) while maintaining a program expense ratio of 26%. During this period, the organization grew from 1,196 to 2,200 employees.
Lifebridge Health Inc holds $1.6B in total assets against $598.3M in liabilities (debt-to-asset ratio of 36%). The organization has 38.7 months of operating reserves. Cash and equivalents of $8.0M cover approximately 0.3 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2022 | $317.4M | $110K | $9K | $317.2M | $363K |
| 2021 | $286.2M | $3.8M | $121K | $282.8M | $353K |
| 2020 | $264.7M | $361K | $0 | $260.5M | $4.6M |
| 2019 | $246.3M | $3.4M | $83K | $244.0M | $262K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2022 | $326.2M | $84.8M | $238.4M | $3.0M | $9.3M |
| 2021 | $296.5M | $82.1M | $210.7M | $3.6M | $9.4M |
| 2020 | $255.0M | $67.9M | $184.5M | $2.6M | $7.4M |
| 2019 | $251.7M | $71.2M | $177.9M | $2.6M | $3.2M |
Program Expense Ratio
26.0%
Admin Expense Ratio
73.1%
Fundraising Efficiency
3.7%
Operating Reserve
38.7 mo
People & Compensation(Tax Year 2022)
45 records
Lifebridge Health Inc reported compensation for 45 officers and key employees. Total officer compensation was $19.4M, representing 6.0% of total expenses. 15 individuals received total compensation exceeding $500,000.
Lifebridge Health Inc's highest-compensated individual received $4.0M in total compensation. Total officer compensation of $19.4M represents 6.0% of total expenses. 7 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| NEIL MELTZER | PRESIDENT/CEO | Officer | 40.00 | $3,617,972 | $0 | $4,027,911 |
| DAVID KRAJEWSKI | EXEC VP/CFO, PRES. LB PARTNERS | Officer | 40.00 | $1,734,148 | $0 | $2,261,085 |
| LESLIE SIMMONS | EXECUTIVE VP, COO LBH | Key Employee | 40.00 | $1,643,643 | $0 | $1,908,539 |
| TRESSA SPRINGMANN | SVP/CIO LIFEBRIDGE HEALTH | Key Employee | 40.00 | $1,050,650 | $0 | $1,290,527 |
| MATTHEW POFFENROTH MD | SVP/CHIEF PHYSICIAN EXECUTIVE | Key Employee | 40.00 | $1,035,160 | $0 | $1,207,387 |
| DANIEL BLUM THRU 2323 | SVP LBH, PRES. SINAI & GRACE | Key Employee | 40.00 | $1,002,822 | $0 | $1,106,162 |
| JASON WEINER | SVP AND GENERAL COUNSEL | Officer | 40.00 | $930,684 | $0 | $1,076,887 |
| DANIEL DURAND | CHIEF CLINICAL OFFICER | Highest Comp | 40.00 | $766,043 | $0 | $906,549 |
| LISA WHALEY | SVP CHIEF HR OFFICER | Key Employee | 40.00 | $729,484 | $0 | $837,240 |
| JONATHAN THIERMAN | CMIO MED DIR VIRTUAL HOSPITAL | Highest Comp | 40.00 | $711,827 | $0 | $817,583 |
| CHARLES ALBERCHT MD | CHIEF QUALITY OFFICER | Highest Comp | 40.00 | $577,965 | $0 | $758,477 |
| BRIAN DEFFAA | VP CHIEF MARKETING OFFICER | Highest Comp | 40.00 | $499,619 | $0 | $587,261 |
| JOSEPH KOONS | SVP CHIEF REVENUE OFFICER | Highest Comp | 40.00 | $506,138 | $0 | $581,596 |
| JAMES ROBERGE | VP CAPITAL IMPROV & SUPPORT | Key Employee | 40.00 | $484,728 | $0 | $579,549 |
| REBECCA ALTMAN | VP OPERATIONS, CIO | Key Employee | 40.00 | $443,921 | $0 | $516,552 |
| NANCY KANE | VP FINANCIAL REPORTING | Key Employee | 40.00 | $389,180 | $0 | $495,020 |
| TERRENCE CARNEY | VP SUPPLY CHAIN | Key Employee | 40.00 | $447,427 | $0 | $469,947 |
| BRIAN MOFFET | CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| LEE COPLAN | VICE CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| NUPUR PAREKH FLYNN | SECRETARY | OfficerDirector | 1.00 | $0 | $0 | $0 |
| LYNN E ABESHOUSE | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JEFFREY WOTHERS ESQ | TREASURER | OfficerDirector | 1.00 | $0 | $0 | $0 |
| LAURA BLACK | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JASON A BLAVATT ESQ | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| RENEE CHRISTOFF | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JONATHAN DAVIDOV | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| CHARLES FISHER JR | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| RONNIE FOOTLICK | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| BRIAN GIBBONS | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MARTIN KP HILL | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| RICHARD KEMPER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DONALD KIRSON | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| BARRY LEVIN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DIANE LEVIN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ANDREW LEVINE | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| SCOTT LONDON | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| BRENDA MANDEL | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| HOWARD PERLOW | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MIKE POSKO | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MICHAEL RENBAUM | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ETHAN SEIDEL | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DENNIS WEINMAN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| THOMAS WELLIVER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ALEC YEO | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| THOMAS ZIRPOLI | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
NEIL MELTZER
Base Salary
$1,100,384
Bonus
$1,347,370
Other Reportable
$1,170,218
Retirement/Deferred
$388,009
Nontaxable Benefits
$21,930
Executive Perks
DAVID KRAJEWSKI
Base Salary
$781,444
Bonus
$642,476
Other Reportable
$310,228
Retirement/Deferred
$505,167
Nontaxable Benefits
$21,770
Executive Perks
LESLIE SIMMONS
Base Salary
$711,284
Bonus
$454,822
Other Reportable
$477,537
Retirement/Deferred
$242,547
Nontaxable Benefits
$22,349
Executive Perks
TERRENCE CARNEY
Base Salary
$285,033
Bonus
$80,353
Other Reportable
$82,041
Retirement/Deferred
$19,951
Nontaxable Benefits
$2,569
Executive Perks
NANCY KANE
Base Salary
$275,055
Bonus
$69,683
Other Reportable
$44,442
Retirement/Deferred
$83,353
Nontaxable Benefits
$22,487
Executive Perks
JOSEPH KOONS
Base Salary
$361,285
Bonus
$121,871
Other Reportable
$22,982
Retirement/Deferred
$50,499
Nontaxable Benefits
$24,959
Executive Perks
LISA WHALEY
Base Salary
$430,736
Bonus
$270,134
Other Reportable
$28,614
Retirement/Deferred
$95,372
Nontaxable Benefits
$12,384
Executive Perks
MATTHEW POFFENROTH MD
Base Salary
$600,585
Bonus
$335,121
Other Reportable
$99,454
Retirement/Deferred
$146,837
Nontaxable Benefits
$25,390
Executive Perks
DANIEL BLUM THRU 2323
Base Salary
$672,148
Bonus
$318,849
Other Reportable
$11,825
Retirement/Deferred
$78,027
Nontaxable Benefits
$25,313
Executive Perks
JAMES ROBERGE
Base Salary
$322,608
Bonus
$85,535
Other Reportable
$76,585
Retirement/Deferred
$69,962
Nontaxable Benefits
$24,859
Executive Perks
TRESSA SPRINGMANN
Base Salary
$528,024
Bonus
$345,871
Other Reportable
$176,755
Retirement/Deferred
$210,206
Nontaxable Benefits
$29,671
Executive Perks
JASON WEINER
Base Salary
$464,254
Bonus
$337,022
Other Reportable
$129,408
Retirement/Deferred
$124,187
Nontaxable Benefits
$22,016
Executive Perks
CHARLES ALBERCHT MD
Base Salary
$400,284
Bonus
$124,625
Other Reportable
$53,056
Retirement/Deferred
$155,724
Nontaxable Benefits
$24,788
Executive Perks
BRIAN DEFFAA
Base Salary
$322,483
Bonus
$84,922
Other Reportable
$92,214
Retirement/Deferred
$61,616
Nontaxable Benefits
$26,026
Executive Perks
REBECCA ALTMAN
Base Salary
$354,256
Bonus
$89,487
Other Reportable
$178
Retirement/Deferred
$48,239
Nontaxable Benefits
$24,392
Executive Perks
DANIEL DURAND
Base Salary
$520,291
Bonus
$138,481
Other Reportable
$107,271
Retirement/Deferred
$117,058
Nontaxable Benefits
$23,448
Executive Perks
JONATHAN THIERMAN
Base Salary
$433,684
Bonus
$203,360
Other Reportable
$74,783
Retirement/Deferred
$80,238
Nontaxable Benefits
$25,518
Executive Perks
Top Contractors(Tax Year 2022)
5 records
Lifebridge Health Inc reported 5 contractors receiving over $100,000, with total contractor payments of $26.2M.
| Name | Service | Compensation |
|---|---|---|
| BERKELEY RESEARCH GROUP | consulting services | $11,841,427 |
| CERNER CORP | IT SERVICES | $5,075,333 |
| PRS GLOBAL | RECRUITMENT SERVICES | $3,880,000 |
| LONDON ELIGIBILITY | COLLECTION SERVICES | $2,928,589 |
| ALLEGIS GLOBAL SOLUTIONS | RECRUITMENT SERVICES | $2,506,000 |
Governance & Compliance(Tax Year 2022)
Lifebridge Health Inc has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 28 members, 26 of whom are independent.
Lifebridge Health Inc's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2022)
3 records
Unknown person — INDIRECT BUSINESS
Unknown person — FAMILY MEMBER
Unknown person — INDIRECT BUSINESS
Grants Awarded(Tax Year 2022)
22 records
Lifebridge Health Inc awarded $9.2M across 22 grants to organizations. Top recipients include WEST BALTIMORE RENAISSANCE FOUNDATION (BALTIMORE, MD) — $8.8M for exempt purpose; MARYLAND CENTER FOR HISTORY AND CULTURE (BALTIMORE, MD) — $50K for exempt purpose; CRISTO REY JESUIT HIGH SCHOOL (BALTIMORE, MD) — $32K for exempt purpose.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| WEST BALTIMORE RENAISSANCE FOUNDATION843355332 | BALTIMORE, MD | $8.8M | EXEMPT PURPOSE |
| MARYLAND CENTER FOR HISTORY AND CULTURE520403670 | BALTIMORE, MD | $50K | EXEMPT PURPOSE |
| CRISTO REY JESUIT HIGH SCHOOL050632734 | BALTIMORE, MD | $32K | EXEMPT PURPOSE |
| ASLAN PROJECT INC455303190 | WASHINGTON, DC | $30K | EXEMPT PURPOSE |
| GREEN LIGHT FUND BALTIMORE200407083 | BALTIMORE, MD | $30K | EXEMPT PURPOSE |
| CYLBURN ARBORETUM FRIENDS INC237091589 | BALTIMORE, MD | $25K | EXEMPT PURPOSE |
| YMCA OF CENTRAL MARYLAND520591699 | BALTIMORE, MD | $25K | EXEMPT PURPOSE |
| SPECIAL OLYMPICS MARYLAND237089144 | BALTIMORE, MD | $25K | EXEMPT PURPOSE |
| BUILDING BRIDGES FOR A BETTER BALTIMORE FDN920896842 | BEL AIR, MD | $25K | EXEMPT PURPOSE |
| RONALD MCDONALD HOUSE521184957 | BALTIMORE, MD | $25K | EXEMPT PURPOSE |
| CHABAD OF CARROLL COUNTY464864079 | SYKESVILLE, MD | $24K | EXEMPT PURPOSE |
| AMERICAN ACADEMY OF PHYS AND MENTAL REHAB362110592 | CHICAGO, IL | $17K | EXEMPT PURPOSE |
| THE FAMILY TREE521110645 | BALTIMORE, MD | $15K | EXEMPT PURPOSE |
| FREESTATE JUSTICE262174290 | BALTIMORE, MD | $10K | EXEMPT PURPOSE |
| DYSLEXIA TUTORING PROGRAM521407417 | BALTIMORE, MD | $10K | EXEMPT PURPOSE |
| COPPIN STATE COLLEGE DEVELOPMENT FOUNDATION237127440 | BALTIMORE, MD | $10K | EXEMPT PURPOSE |
| MILESTONE MEDICAL OUTREACH INC461423370 | TAKOMA PARK, MD | $10K | EXEMPT PURPOSE |
| EVERYMAN THEATRE521593239 | BALTRIMORE, MD | $10K | EXEMPT PURPOSE |
| BALTIMORE HOMECOMING822350770 | BALTIMORE, MD | $10K | EXEMPT PURPOSE |
| BALTIMORE BIKUR CHOLIM521344945 | BALTIMORE, MD | $10K | EXEMPT PURPOSE |
Showing 20 of 22 grants.
Foreign Activities(Tax Year 2022)
Activities span Central America and the Caribbean, Europe (Including Iceland and Greenland).
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| Central America and the Caribbean | — | — |
| Central America and the Caribbean | — | — |
| Europe (Including Iceland and Greenland) | — | — |
Filing History(Tax Years 1986–2022)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $317.4M | $326.2M | $1.1B |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $286.2M | $296.5M | $1.1B |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $264.7M | $255.0M | $1.2B |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $246.3M | $251.7M | $976.9M |
| 1986–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Lifebridge Health Inc do?
SEE SCHEDULE O
How much revenue does Lifebridge Health Inc have?
Lifebridge Health Inc reported $317,429,520 in total revenue for tax year 2022, up 10.9% from the prior year.
Who is the highest-paid executive at Lifebridge Health Inc?
NEIL MELTZER, PRESIDENT/CEO, received $4,027,911 in total compensation as of tax year 2022.
Is Lifebridge Health Inc a 501(c)(3)?
Yes, Lifebridge Health Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Lifebridge Health Inc located?
Lifebridge Health Inc is headquartered in BALTIMORE, MD 21215.
How many employees does Lifebridge Health Inc have?
Lifebridge Health Inc has 2,200 employees and 28 volunteers as of tax year 2022.
Is Lifebridge Health Inc audited?
Yes, Lifebridge Health Inc's financial statements are audited, and the organization has an audit committee.
How much does Lifebridge Health Inc spend on fundraising?
Lifebridge Health Inc reported $2,968,497 in fundraising expenses for tax year 2022, which represents 0.9% of total expenses.
Does Lifebridge Health Inc give grants?
Yes, Lifebridge Health Inc distributed $9,260,635 in grants to other organizations and individuals in tax year 2022. Top recipients include WEST BALTIMORE RENAISSANCE FOUNDATION, MARYLAND CENTER FOR HISTORY AND CULTURE, CRISTO REY JESUIT HIGH SCHOOL.
Does Lifebridge Health Inc operate internationally?
Yes, Lifebridge Health Inc conducts activities outside the United States. Activities span Central America and the Caribbean, Europe (Including Iceland and Greenland).
Data Source
Prepared by: BDO USA, MCLEAN, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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