University of Maryland Baltimore Foundation, Inc.

What it reported doing in 2024

Chartered in 1807 as the first public medical school in the united states, the university of Maryland school of medicine (umsom) is into its third century. It continues today as one of the fastest growing, top-tier biomedical research enterprises in the world - with 25 departments, 5 institutes and 10 research centers and a workforce of more than 7,500. More than 1,200 medical students, graduate students, and research trainees are educated at umsom every year. In partnership with the university of Maryland medical center, we provide residency and fellowship training in more than 30 specialties. Acceptance to the umsom md program is highly competitive, with nearly 6,000 applicants for 160 positions in each class. The research vision of the school of medicine is to build on generations of discoveries to advance new therapies and cures with the highest level of impact on human health in the region, the nation, and around the world. With an operating budget of $1.3 billion, the school of medicine directs more than $500 million annually to developing solutions to the most challenging and complex diseases. We are ranked 9th among all public medical schools for total research grants & contracts reported by the association of american medical colleges (aamc). According to us new and world report, umsom ranks as the 11th highest among public medical schools in research and 22nd highest among all medical schools for primary care. Umsom is an anchor institution of the west baltimore community, and the school is committed to improving the health, quality of life, and prosperity of its neighbors. We offer community outreach programs such as mini-med school, a series of tuition-free classes designed to help baltimore residents improve their health and well-being.

Financial Efficiency

• Mission deployment rate: 79.6%; rating input score 80
• Program expense ratio: 83.8%; rating input score 84
• Fundraising efficiency: $53.73 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 51st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 45.6%; rating input score 96; 96th percentile among comparable filings
• Total-asset coverage ratio: 12.7; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 95; 95th percentile among comparable filings
• Officer compensation ratio: 4.1%; rating input score 24; 24th percentile among comparable filings

Growth

• Program expense growth: 2.2% per year; rating input score 100; 17th percentile among comparable filings
• Revenue growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
• Asset growth: 7.2% per year; rating input score 100; 53rd percentile among comparable filings