Johns Hopkins Medicine
Legal name: Johns Hopkins Health System Corporation
Nonprofit profile at a glance
- EIN
- 521465301
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Baltimore, Maryland, United States
- Phone
- 4439975724
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $783,774,051
- Expenses
- $837,189,860
- Assets
- $2,309,426,030
- Liabilities
- $2,201,120,595
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
80 people listed
Executive titles in this filing
- KEVIN W SOWERS MSN RN FAA (TRUSTEE, PRESIDENT)
- CHERYL SADRO CPA MSM (EXECUTIVE VICE PRESIDENT, FINANCE)
- ANNEMARIE BOYAN (SR VICE PRESIDENT & GENERAL COUNSEL)
- CAROLYN CARPENTER MHA FACHE (PRESIDENT OF THE NATIONAL CAP REG)
- DEBORAH J BAKER DNP AG-ACNP N (SR VICE PRESIDENT, NURSING)
- TODD NESBIT PHARMD MBA (VICE PRESIDENT, PHARMACY)
Highest reported compensation
- KEVIN W SOWERS MSN RN FAA (TRUSTEE, PRESIDENT): $2,922,528 total reported compensation
- REDONDA MILLER (EXECUTIVE): $1,604,454 total reported compensation
- INEZ STEWART MED (SR VP, CHIEF HUMAN RESOURCES OFFICER): $1,421,458 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Johns Hopkins Medicine Mission, Vision and Values Our Mission The mission of Johns Hopkins Medicine is to improve the health of the community and the world by setting the standard of excellence in medical education, research and clinical care. Diverse and inclusive, Johns Hopkins Medicine educates medical students, scientists, health care professionals and the public; conducts biomedical research; and provides patient-centered medicine to prevent, diagnose and treat human illness.
What it reported doing in 2024
See schedule o
Operating model
- Revenue model
- Earned-program. 82% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 77
- Accountability: 98
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.6%; rating input score 97
- Program expense ratio: 90.1%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 99.4%; rating input score 99; 40th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.7%; rating input score 96; 49th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -6.8%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 2.76; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.95; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 10.4% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 8.5% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 10.8% per year; rating input score 100; 74th percentile among comparable filings
Details
- What they do: 8 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 96.6% of revenue deployed · 90.1% of spending went to programs
- Governance: 22 of 23 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $754.7M in reported program spending
- Leadership: top reported pay $2.9M · 80 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $20.8M reported
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 87 filed money-flow records
- Related organizations: 83 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Sustainability: Operating margin scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- High — Sustainability: Officer compensation ratio scored 22/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.