Sinai Hospital of Baltimore Inc
TO PROVIDE QUALITY PATIENT CARE, EDUCATE MEDICAL STUDENTS & RESIDENTS, AND ENGAGE IN MEDICAL RESEARCH TO IMPROVE THE LIVES OF OUR PATIENTS AND OUR COMMUNITY.
IRS Tax Year 2022
Period ending June 30, 2023
Total Revenue
$1.0B
Total Expenses
$967.8M
Net Assets
$312.8M
Employees
6,772
Volunteers
192
Program Expense Ratio
70.9%
This nonprofit profile presents IRS Form 990 tax filing data for Sinai Hospital of Baltimore Inc (EIN: 52-0486540), based on the 2022 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.
Sinai Hospital of Baltimore Inc is a 501(c)(3) nonprofit headquartered in BALTIMORE, MD, founded in 1868. The organization has held tax-exempt status since 1936. In its 2022 filing, the organization reported $1.0B in total revenue, and $967.8M in total expenses. The organization employed 6,772 people and engaged 192 volunteers. DAVID KRAJEWSKI, ASSISTANT TREASURER,EX OFFICIO, is the highest-compensated individual at $2,261,085. The organization runs 2 programs, totaling $686.5M in program expenses. 5 of 6 recommended governance policies are in place.
Sinai Hospital of Baltimore Inc is classified under NTEE code E220. Its foundation type is 12.
Programs(Tax Year 2022)
2 records
Sinai Hospital of Baltimore Inc operates 2 programs, with total program expenses of $686.5M. Sinai Hospital of Baltimore Inc's largest program accounts for 100% of total program spending.
SEE SCHEDULE O
LIFEBRIDGE CARDIOLOGY AT QUARRY LAKE LLC PROVIDES CARE TO PATIENTS IN THE HOSPITAL AND IN THE COMMUNITY.
Financial Overview(Tax Years 2019–2022)
4 records
Over the past 4 years, Sinai Hospital of Baltimore Inc's revenue has grown from $853.4M to $1.0B, a 17.6% increase. Program expenses represent 71% of total spending.
Expenses grew 6.0%, while net assets rose to $312.8M, up 42.1% from the prior year. the organization added 313 employees.
Sinai Hospital of Baltimore Inc derives 2% from contributions and grants, with 95% from program services, with 2% from investment income.
Revenue is heavily concentrated: 95% comes from program service revenue, indicating limited diversification.
Sinai Hospital of Baltimore Inc allocates 71% to programs, 29% to management and general.
Revenue held steady and expenses grew by 6.0% year over year.
Over 4 filings from 2019–2022, Sinai Hospital of Baltimore Inc grew revenue from $853.4M to $1.0B (+17.6%) while maintaining a program expense ratio of 71%. During this period, the organization grew from 5,408 to 6,772 employees.
Sinai Hospital of Baltimore Inc holds $721.8M in total assets against $409.0M in liabilities (debt-to-asset ratio of 57%). The organization has 3.9 months of operating reserves. Cash and equivalents of $129K cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2022 | $1.0B | $23.7M | $8.2M | $958.7M | $17.9M |
| 2021 | $1.0B | $21.1M | $1.1M | $950.2M | $29.6M |
| 2020 | $936.8M | $28.7M | $15.6M | $877.1M | $28.2M |
| 2019 | $853.4M | $34.8M | $21.0M | $773.5M | $20.7M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2022 | $967.8M | $686.5M | $281.3M | $0 | $0 |
| 2021 | $912.7M | $654.1M | $258.6M | $0 | $0 |
| 2020 | $854.7M | $607.4M | $247.3M | $0 | $50K |
| 2019 | $793.6M | $564.2M | $229.4M | $84K | $55K |
Program Expense Ratio
70.9%
Admin Expense Ratio
29.1%
Fundraising Efficiency
—
Operating Reserve
3.9 mo
People & Compensation(Tax Year 2022)
61 records
Sinai Hospital of Baltimore Inc reported compensation for 61 officers and key employees. Total officer compensation was $17.9M, representing 1.8% of total expenses. 11 individuals received total compensation exceeding $500,000.
Sinai Hospital of Baltimore Inc's highest-compensated individual received $2.3M in total compensation. Total officer compensation of $17.9M represents 1.8% of total expenses. 10 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| DAVID KRAJEWSKI | ASSISTANT TREASURER,EX OFFICIO | Officer | 1.00 | $0 | $1,734,148 | $2,261,085 |
| LESLIE SIMMONS | INTERIM PRESIDENT & COO | OfficerDirector | 1.00 | $0 | $1,643,643 | $1,908,539 |
| JAMES NACE DO | PHYSICIAN | Highest Comp | 40.00 | $1,479,205 | $0 | $1,604,392 |
| RONALD DELANOIS MD | PHYSICIAN | Highest Comp | 40.00 | $1,204,521 | $0 | $1,509,847 |
| JASON WEINER | SVP AND GENERAL COUNSEL, LBH | Officer | 1.00 | $0 | $930,684 | $1,457,867 |
| FOUAD ABBAS MD | PHYSICIAN | Highest Comp | 40.00 | $1,274,551 | $0 | $1,442,981 |
| PETER CHO MD | PHYSICIAN | Highest Comp | 40.00 | $1,168,935 | $0 | $1,330,907 |
| OMAR ZALATIMO MD | DIRECTOR, MED STAFF PRES | Director | 1.00 | $1,213,769 | $0 | $1,243,207 |
| MARK KATLIC MD | CHIEF, DEPARTMENT OF SURGERY | Highest Comp | 1.00 | $1,138,984 | $0 | $1,182,339 |
| DANIEL BLUM THRU 223 | PRESIDENT, COO SINAI & GRACE | OfficerDirector | 1.00 | $0 | $1,002,822 | $1,106,162 |
| JAMES ROBERGE | VP Cap. Imp.& Support Svc, LBH | Key Employee | 1.00 | $0 | $484,728 | $579,549 |
| LOU DUNAWAY SINAI CFO | VP BUDGET & CAP. PLANNING, LBH | Key Employee | 1.00 | $0 | $409,293 | $499,451 |
| NANCY KANE | VP FINANCIAL REPORTING, LBH | Key Employee | 1.00 | $0 | $389,180 | $495,020 |
| TERRENCE CARNEY | VP SUPPLY CHAIN, LBH | Key Employee | 1.00 | $0 | $447,427 | $469,947 |
| DEBRA MORTON | SINAI CNO | Key Employee | 1.00 | $404,572 | $0 | $450,737 |
| ASHA THOMAS MD | DIRECTOR, PHYSICIAN | Director | 1.00 | $299,684 | $0 | $343,317 |
| JONATHAN DAVIDOV | CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| DAVID GOLDNER | VICE CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| MICHAEL GAINES | SECRETARY | OfficerDirector | 1.00 | $0 | $0 | $0 |
| JAY STEINMETZ | TREASURER | OfficerDirector | 1.00 | $0 | $0 | $0 |
| JESSICA KAHN | ASSISTANT TREASURER | OfficerDirector | 1.00 | $0 | $0 | $0 |
| DONALD HIMELFARB | ASSISTANT SECRETARY | OfficerDirector | 1.00 | $0 | $0 | $0 |
| ALISSA ABRAMSON-DEMSKY | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| RICHARD ALTER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DANIEL B HIRSCHHORN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| VENROY JULY ESQ | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DAWN KIRSTAETTER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| NOAH KODECK | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JILL KOLODNER ESQ | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JONATHAN ATTMAN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| VINCE BAGLI | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| RICHARD BERMAN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| BETH CASPER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JEFF CHERRY | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ERIC COWAN ESQ | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MICHAEL DEMOS | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| CHIMA DIKE | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JONATHAN HAVENS ESQ | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MARCY KOLODNY | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| SAMUEL LENNON | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ELIZABETH LENROW | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JON LEVINSON | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| AILEEN MASH | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| HUNTER MCKISSOCK | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| KIM MUMBY GREEN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| YEHUDA NEUBERGER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| GREGORY ROCHLIN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| LESLIE FOOTLICK SCHALLER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| YANKY SCHORR | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| TORREY SMITH | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| HILLEL TENDLER ESQ | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MARC TERRILL | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MAX THANHOUSER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| HAREL TURKEL | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MICHAEL UHLFELDER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| CHRISTOPHER WASSON | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ROBIN WEIMAN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MAURY WEINSTEIN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| BRETT WEISS | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MELANIE CARTER WILLLIAMS | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DENNIS WEINMAN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
JAMES NACE DO
Base Salary
$566,227
Bonus
$791,760
Other Reportable
$121,218
Retirement/Deferred
$123,542
Nontaxable Benefits
$1,645
RONALD DELANOIS MD
Base Salary
$617,055
Bonus
$463,612
Other Reportable
$123,854
Retirement/Deferred
$279,988
Nontaxable Benefits
$25,338
FOUAD ABBAS MD
Base Salary
$888,078
Bonus
$202,228
Other Reportable
$184,245
Retirement/Deferred
$143,199
Nontaxable Benefits
$25,231
JASON WEINER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
PETER CHO MD
Base Salary
$915,762
Bonus
$146,335
Other Reportable
$106,838
Retirement/Deferred
$131,860
Nontaxable Benefits
$30,112
DANIEL BLUM THRU 223
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JAMES ROBERGE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
LOU DUNAWAY SINAI CFO
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
NANCY KANE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
TERRENCE CARNEY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
LESLIE SIMMONS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MARK KATLIC MD
Base Salary
$875,883
Bonus
$80,825
Other Reportable
$182,276
Retirement/Deferred
$23,130
Nontaxable Benefits
$20,225
ASHA THOMAS MD
Base Salary
$264,203
Bonus
$14,029
Other Reportable
$21,452
Retirement/Deferred
$19,508
Nontaxable Benefits
$24,125
OMAR ZALATIMO MD
Base Salary
$730,979
Bonus
$274,610
Other Reportable
$208,180
Retirement/Deferred
$2,019
Nontaxable Benefits
$27,419
DEBRA MORTON
Base Salary
$315,005
Bonus
$81,668
Other Reportable
$7,899
Retirement/Deferred
$37,416
Nontaxable Benefits
$8,749
DAVID KRAJEWSKI
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Top Contractors(Tax Year 2022)
5 records
Sinai Hospital of Baltimore Inc reported 5 contractors receiving over $100,000, with total contractor payments of $42.5M.
| Name | Service | Compensation |
|---|---|---|
| QUALIVIS LLC | AGENCY NURSES | $19,293,032 |
| AYA HEALTHCARE INC | AGENCY NURSES | $8,204,542 |
| LEVEL ONE PERSONNEL | AGENCY NURSES | $6,045,344 |
| FLEXWISE HEALTH INC | TEMPORARY LABOR | $5,701,793 |
| HEALTH CAROUSEL TRAVEL | AGENCY NURSES | $3,241,603 |
Governance & Compliance(Tax Year 2022)
Sinai Hospital of Baltimore Inc has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 48 members, 45 of whom are independent.
Sinai Hospital of Baltimore 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)
1 record
Unknown person — SEE PART V
Supplemental Financial Data(Tax Year 2022)
It maintains art or historical collections. The endowment stands at $15.2M, with $452K in new contributions.
Filing History(Tax Years 1936–2022)
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 | $1.0B | $967.8M | $312.8M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $1.0B | $912.7M | $220.1M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $936.8M | $854.7M | $128.9M |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $853.4M | $793.6M | $108.8M |
| 1936–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Sinai Hospital of Baltimore Inc do?
TO PROVIDE QUALITY PATIENT CARE, EDUCATE MEDICAL STUDENTS & RESIDENTS, AND ENGAGE IN MEDICAL RESEARCH TO IMPROVE THE LIVES OF OUR PATIENTS AND OUR COMMUNITY.
How much revenue does Sinai Hospital of Baltimore Inc have?
Sinai Hospital of Baltimore Inc reported $1,004,066,987 in total revenue for tax year 2022.
Who is the highest-paid executive at Sinai Hospital of Baltimore Inc?
DAVID KRAJEWSKI, ASSISTANT TREASURER,EX OFFICIO, received $2,261,085 in total compensation as of tax year 2022.
Is Sinai Hospital of Baltimore Inc a 501(c)(3)?
Yes, Sinai Hospital of Baltimore Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Sinai Hospital of Baltimore Inc located?
Sinai Hospital of Baltimore Inc is headquartered in BALTIMORE, MD 21215.
How many employees does Sinai Hospital of Baltimore Inc have?
Sinai Hospital of Baltimore Inc has 6,772 employees and 192 volunteers as of tax year 2022.
Is Sinai Hospital of Baltimore Inc audited?
Yes, Sinai Hospital of Baltimore Inc's financial statements are audited, and the organization has an audit committee.
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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