Stella Maris Inc
- Assets
- $106.4m
- Revenue
- $72.8m
- Investments
- $25.7m
- Employees
- 947
- Location
- Timonium, MD
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 52-1419602
Organization Overview
Stella Maris Inc is located in Timonium, MD. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2023, Stella Maris Inc employed 947 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Stella Maris 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 06/2023, Stella Maris Inc generated $72.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $71.9m during the year ending 06/2023. While expenses have increased by 3.4% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IN THE TRADITION OF THE SISTERS OF MERCY, STELLA MARIS PROVIDES A COMPREHENSIVE RANGE OF HEALTH AND HOUSING SERVICES FOR THE COMPASSIONATE CARE OF THE ELDERLY, THE SICK AND THE DYING.
Describe the Organization's Program Activity:
NURSING HOME CARE - PROVIDES ROOM AND BOARD, CARE AND TREATMENT TO THE ELDERLY. TOTAL BED DAYS 123,944.
HOSPICE CARE - PROVIDES ROOM AND BOARD AND PALLIATIVE CARE FOR THE SICK AND DYING. TOTAL BEDS DAYS 4,574.
HOME HEALTH CARE - PROVIDES MEDICAL CARE VISITS INCLUDING SKILLED NURSING, HOME HEALTH AIDE, PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND SPEECH THERAPY TO HOME CARE PARTICIPANTS. TOTAL PATIENT DAYS - 120,862; TOTAL PATIENT VISITS - 48,861.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilma Rowe MD Director | Trustee | 1 | $0 |
Stephen Stinnette Director | Trustee | 1 | $264,739 |
Judith Weiland Director | Trustee | 15 | $0 |
Crystal Hickey Director | Trustee | 40 | $276,306 |
David N Maine MD President/ceo, Ex Officio | OfficerTrustee | 0.5 | $0 |
Justin C Deibel Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilition Llc Rehab | 6/29/23 | $3,054,088 |
Carefirst Blue Cross Blue Shield Benefits | 6/29/23 | $2,704,313 |
Us Foods Food | 6/29/23 | $1,710,359 |
Connectrn Inc - Avidbank Agency Nursing | 6/29/23 | $1,497,950 |
Remedi Seniorcare Pharmacy | 6/29/23 | $1,261,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,382,535 |
| 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 | $1,382,535 |
| Total Program Service Revenue | $68,953,759 |
| Investment income | $832,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $582,298 |
| 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 | $72,837,350 |
| 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. | $1,141,384 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,069,773 |
| Pension plan accruals and contributions | $483,532 |
| Other employee benefits | $3,479,362 |
| Payroll taxes | $2,715,938 |
| Fees for services: Management | $538,926 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $116,307 |
| Fees for services: Other | $12,397,938 |
| Advertising and promotion | $117,058 |
| Office expenses | $460,230 |
| Information technology | $14,229 |
| Royalties | $0 |
| Occupancy | $2,569,649 |
| Travel | $376,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,829 |
| Interest | $642,634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,550,360 |
| Insurance | $909,500 |
| All other expenses | $840,000 |
| Total functional expenses | $71,910,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,209,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,191,233 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $187,731 |
| Prepaid expenses and deferred charges | -$13,862 |
| Net Land, buildings, and equipment | $44,885,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,706,600 |
| Investments—program-related | $7,152,236 |
| Intangible assets | $0 |
| Other assets | $7,032,600 |
| Total assets | $106,352,134 |
| Accounts payable and accrued expenses | $9,483,154 |
| Grants payable | $0 |
| Deferred revenue | $620,000 |
| Tax-exempt bond liabilities | $16,355,142 |
| 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 | $10,560,753 |
| Total liabilities | $37,019,049 |
| Net assets without donor restrictions | $62,180,849 |
| Net assets with donor restrictions | $7,152,236 |
| 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 | $106,352,134 |