2026-05-11T14:19:13-05:00 2025-06-30 205991824 SC&H GROUP INC 226 SCHILLING CIRCLE SUITE 300 HUNT VALLEY MD 21031 990 2024-07-01 521484872 GBMC HEALTHCARE INC GBMC 4438492000 6701 NORTH CHARLES STREET BALTIMORE MD 21204 PETER OSTASEWSKI MBA EVP & CFO 4438492000 2026-04-30 1 0 LORI S BURGHAUSER P00370694 4104031500 2026-04-06 2024 2025-03-06 01:10:19Z PAARI GOPALAKRISHNAN MD 6701 NORTH CHARLES STREET BALTIMORE MD 21204 2004884 0 X WWW.GBMC.ORG X 1975 MD TO ESTABLISH, MAINTAIN, SUPERVISE, COORDINATE, ASSIST AND PERFORM PLANNING AND OTHER FUNCTIONS FO SUPPORT THE HEALTH-RELATED SERVICES OF THE ORGANIZATION AND ITS AFFILIATED ENTITIES. 28 25 0 25 0 0 0 0 1875726 2004884 0 0 0 0 1875726 2004884 0 0 0 0 1415027 1136758 0 0 0 397363 152582 1812390 1289340 63336 715544 699214110 726704197 4084110 3449197 695130000 723255000 SEE SCHEDULE O 0 0 1159812 2004884 GBMC HEALTHCARE'S ACCOUNTABLE CARE ORGANIZATION (ACO) IS DEDICATED TO IMPROVING THE HEALTH OF THE COMMUNITIES IT SERVES BY DELIVERING HIGH-QUALITY, COORDINATED, AND PATIENT-CENTERED CARE. THE ACO SEAMLESSLY INTEGRATES COMMUNITY-BASED PRIMARY CARE WITH HOSPITAL AND MULTISPECIALTY SERVICES TO ENSURE CONTINUITY OF CARE AND IMPROVED HEALTH OUTCOMES. THROUGH COLLABORATION WITH LOCAL PROVIDERS AND A FOCUS ON PREVENTIVE CARE, GBMC'S ACO ENHANCES THE PATIENT EXPERIENCE WHILE REDUCING UNNECESSARY HEALTHCARE COSTS ACROSS THE TOWSON REGION. GBMC HEALTHCARE PROVIDES SUPPORT TO GREATER BALTIMORE MEDICAL CENTER, INC. AND GILCHRIST HOSPICE CARE, INC. BY OVERSEEING THEIR EXECUTIVE COMPENSATION PROGRAM. THE COMPENSATION COMMITTEE OF GBMC HEALTHCARE IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION OF THE SUPPORTED ORGANIZATIONS' PRESIDENT AND CHIEF EXECUTIVE OFFICER, AS WELL AS ALL OFFICERS, KEY EMPLOYEES, AND SENIOR LEADERS - REGARDLESS OF WHETHER THESE INDIVIDUALS ARE CONSIDERED DISQUALIFIED PERSONS. THIS OVERSIGHT ENSURES THAT ALL COMPENSATION IS REASONABLE AND ALIGNED WITH APPLICABLE STANDARDS. ADDITIONALLY, GBMC HEALTHCARE SUPPORTS THE ORGANIZATIONS BY APPROVING INVESTMENT DECISIONS FOR THE SYSTEM. 1159812 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 1 BD 0 0 0 0 0 0 0 0 0 0 X 28 25 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X PETER OSTASEWSKI MBA 4438492000 6701 NORTH CHARLES STREET BALTIMORE MD 21204 JOHN B CHESSARE MD DIRECTOR/CEO GBMC HEALTHCARE 15.00 45.00 X X 0 1139114 33270 ROBIN MOTTER-MAST DO DIRECTOR/CHIEF OF STAFF 10.00 50.00 X 0 421636 35567 J CHRISTOPHER GREENAWALT MD DIRECTOR/VICE CHIEF OF STAFF 10.00 50.00 X 0 369702 21001 FAITH E THOMAS CHAIR 1.00 1.00 X X 0 0 0 TIMOTHY L KRONGARD CO VICE CHAIR 1.00 1.00 X X 0 0 0 JAMES B STRADTNER CO VICE CHAIR 1.00 1.00 X X 0 0 0 STEPHEN T SCOTT TREASURER 1.00 1.00 X X 0 0 0 CHRISTINA FITTS SECRETARY 1.00 1.00 X X 0 0 0 ROBERT AUMILLER DIRECTOR 1.00 2.00 X 0 0 0 HEIDI KENNY BERMAN DIRECTOR 1.00 1.00 X 0 0 0 SANDRA BERMAN DIRECTOR 1.00 1.00 X 0 0 0 MONIQUE BOOKER DIRECTOR 1.00 1.00 X 0 0 0 TOBI HOLLANDER DIRECTOR 1.00 1.00 X 0 0 0 FREDERICK M HUDSON DIRECTOR 1.00 1.00 X 0 0 0 HARRY S JOHNSON DIRECTOR 1.00 1.00 X 0 0 0 LEON KAPLAN DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY V MILANDO DIRECTOR 1.00 1.00 X 0 0 0 PATRICIA J MITCHELL DIRECTOR 1.00 1.00 X 0 0 0 STEPHEN PLANO DIRECTOR 1.00 1.00 X 0 0 0 BERNARD RHEE DIRECTOR 1.00 2.00 X 0 0 0 JOHN R SAUNDERS MD DIRECTOR 1.00 1.00 X 0 0 0 MICHELLE SIRI DIRECTOR 1.00 1.00 X 0 0 0 DEVON SMITH DVM DIRECTOR 1.00 2.00 X 0 0 0 STUART A SMITH III DIRECTOR 1.00 2.00 X 0 0 0 BONNIE B STEIN DIRECTOR 1.00 2.00 X 0 0 0 STEVEN A THOMAS DIRECTOR 1.00 1.00 X 0 0 0 ALEXIS THOMPSON DIRECTOR 1.00 1.00 X 0 0 0 MARION G THOMPSON DIRECTOR 1.00 1.00 X 0 0 0 LAURIE R BEYER EVP & CFO GBMC HEALTHCARE 12.00 48.00 X 0 700392 115031 JOHN L FLOWERS MD EVP & CHIEF MEDICAL OFFICER 10.00 50.00 X 0 824782 40927 CATHERINE HAMEL EVP/PRESIDENT GILCHRIST & CHIEF STRATEGY OFFICER 2.00 58.00 X 0 621557 35771 CARL JEAN-BAPTISTE GENERAL COUNSEL & SVP LEGAL SERVICES 20.00 40.00 X 0 402632 67585 ANNA-MARIA G PALMER SVP HR AND ORG DEVELOPMENT & CHRO 20.00 40.00 X 0 484241 71884 ERLENE WASHINGTON SVP & COO OF GBMC HEALTH PARTNERS 10.00 50.00 X 0 456532 73652 STACEY L MCGREEVY EVP & COO HOSPITAL 10.00 50.00 X 0 436110 77403 ANGELA FEURER SVP AND CNO 50.00 10.00 X 0 392473 76792 JENNY COLDIRON SVP OF DEVELOPMENT AND MARKETING 10.00 50.00 X 0 429487 30662 CAROLYN L CANDIELLO SVP OF QUALITY AND PATIENT SAFETY 1.00 59.00 X 0 375116 29100 MICHAEL STEIN SVP CLINICAL AND SUPPORT OPERATIONS 10.00 50.00 X 0 326318 61053 DAVID J HYNSON VP & CIO (PART YEAR) 0.00 0.00 X 0 239542 6871 0 7619634 776569 0 0 1 0 0 MD PRIMARY CARE PROGRA 621111 2004884 2004884 2004884 2004884 2004884 0 0 976079 976079 20240 20240 77788 77788 62651 62651 32040 32040 252 252 8357 8357 14445 14445 OVERHEAD 97488 97488 1289340 1159812 129528 0 938430 830093 122782 108337 698230080 725639536 861248 956324 699214110 726704197 4084110 3449197 4084110 3449197 X 578272700 610968000 116857300 112287000 695130000 723255000 699214110 726704197 X 715544 27409456 X X 0 1 X 1 0 X X 2 GREATER BALTIMORE MEDICAL CENTER INC 526049658 3 1 0 0 GILCHRIST HOSPICE CARE INC 521851251 3 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3A: GBMC HEALTHCARE INC. SERVES AS THE PARENT ORGANIZATION OF THE INTEGRATED HEALTH SYSTEM. THE SUPPORTED ORGANIZATIONS' BOARD AND MANAGEMENT OVERLAP GIVING THE SUPPORTED ORGANIZATIONS A SIGNIFICANT VOICE IN HOW GBMC HEALTHCARE INC. MANAGES AND USES ITS ASSETS. PART IV, SECTION E, LINE 3A: AS THE PARENT ORGANIZATION, GBMC HEALTHCARE, INC. HAS THE EXPRESS POWER TO ELECT AND REMOVE THE BOARD OF DIRECTORS AND OFFICERS OF ITS SUPPORTED ORGANIZATIONS. PART IV, SECTION E, LINE 3B: GBMC HEALTHCARE INC. IS THE GOVERNING BODY OF AND SOLE SHAREHOLDER OF ITS SUPPORTED ORGANIZATIONS. GBMC HEALTHCARE INC. SETS THE MISSION AND OBJECTIVES OF ITS SUPPORTED ORGANIZATIONS, APPROVES THE ELECTION OF OFFICERS, APPROVES THE OPERATING AND CAPITAL BUDGETS, AND PROVIDES OVERALL DIRECTION TO ITS SUPPORTED ORGANIZATIONS. GBMC HEALTHCARE'S COMPENSATION COMMITTEE OVERSEES THE SUPPORTED ORGANIZATIONS' EXECUTIVE COMPENSATION PROGRAM ENSURING COMPENSATION IS REASONABLE. GBMC HEALTHCARE INC. ALSO PROVIDES SUPPORT BY APPROVING THE INVESTMENT AND DEBT DECISIONS OF THE SYSTEM. 216674 108337 108337 721756 721756 0 108337 INVESTMENTS IN SUBSIDIARIES 725639536 F 725639536 DUE TO AFFILIATES 3449197 3449197 X PART V, LINE 4: THE BALANCE SHEET FOR GBMC HEALTHCARE, INC. SHOWS BOTH TEMPORARILY AND PERMANENTLY RESTRICTED NET ASSETS. THESE AMOUNTS REPRESENT GBMC HEALTHCARE, INC.'S INTEREST IN THE EQUITY OF ITS SUBSIDIARIES AND NOT ENDOWMENTS OWNED BY GBMC HEALTHCARE, INC. INFORMATION ON THE ENDOWMENTS OF GBMC HEALTHCARE, INC.'S SUBSIDIARIES CAN BE FOUND ON EACH SUBSIDIARY'S SEPARATE FORM 990. PART X, LINE 2: GBMC HEALTHCARE, INC. IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR GBMC HEALTHCARE, INC. AND SUBSIDIARIES, WHICH INCLUDES BOTH TAXABLE AND TAX-EXEMPT AFFILIATES. THE COMPANY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE COMPANY IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY OF INCOME TAX POSITIONS. THIS GUIDANCE DEFINES THE THRESHOLD FOR RECOGNIZING TAX RETURN POSITIONS IN THE CONSOLIDATED FINANCIAL STATEMENTS AS "MORE LIKELY THAN NOT" THAT THE POSITION IS SUSTAINABLE, BASED ON ITS TECHNICAL MERITS. THIS STANDARD ALSO PROVIDES GUIDANCE ON THE MEASUREMENT, CLASSIFICATION AND DISCLOSURE OF TAX RETURN POSITIONS IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE COMPANY HAS ADOPTED THIS GUIDANCE, AND THERE WERE NO AMOUNTS RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS AS OF AND DURING THE YEARS ENDED JUNE 30, 2025 AND 2024 FOR UNCERTAIN TAX POSITIONS. X X X X X 0 1 0 0 0 0 0 1 0 JOHN B CHESSARE MD DIRECTOR/CEO GBMC HEALTHCARE 0 848972 0 0 0 290142 0 11208 0 22062 0 1172384 0 0 JOHN L FLOWERS MD EVP & CHIEF MEDICAL OFFICER 0 546521 0 177694 0 100567 0 11112 0 29815 0 865709 0 0 LAURIE R BEYER EVP & CFO GBMC HEALTHCARE 0 445983 0 148630 0 105779 0 85248 0 29783 0 815423 0 68079 CATHERINE HAMEL EVP/PRESIDENT GILCHRIST & CHIEF STRA 0 394329 0 136175 0 91053 0 6670 0 29101 0 657328 0 0 ANNA-MARIA G PALMER SVP HR AND ORG DEVELOPMENT & CHRO 0 351803 0 93190 0 39248 0 48655 0 23229 0 556125 0 31459 ERLENE WASHINGTON SVP & COO OF GBMC HEALTH PARTNERS 0 332919 0 81354 0 42259 0 46869 0 26783 0 530184 0 33622 STACEY L MCGREEVY EVP & COO HOSPITAL 0 311042 0 92201 0 32867 0 55121 0 22282 0 513513 0 27365 CARL JEAN-BAPTISTE GENERAL COUNSEL & SVP LEGAL SERVICES 0 358781 0 41046 0 2805 0 40000 0 27585 0 470217 0 0 ANGELA FEURER SVP AND CNO 0 289159 0 77244 0 26070 0 42871 0 33921 0 469265 0 0 JENNY COLDIRON SVP OF DEVELOPMENT AND MARKETING 0 294262 0 73781 0 61444 0 6209 0 24453 0 460149 0 0 ROBIN MOTTER-MAST DO DIRECTOR/CHIEF OF STAFF 0 401120 0 20000 0 516 0 8640 0 26927 0 457203 0 0 CAROLYN L CANDIELLO SVP OF QUALITY AND PATIENT SAFETY 0 257751 0 62498 0 54867 0 6138 0 22962 0 404216 0 0 J CHRISTOPHER GREENAWALT MD DIRECTOR/VICE CHIEF OF STAFF 0 369426 0 0 0 276 0 11250 0 9751 0 390703 0 0 MICHAEL STEIN SVP CLINICAL AND SUPPORT OPERATIONS 0 261982 0 59940 0 4396 0 34270 0 26783 0 387371 0 0 DAVID J HYNSON VP & CIO (PART YEAR) 0 155159 0 70453 0 13930 0 3940 0 2931 0 246413 0 0 PART I, LINE 4B GBMC HEALTHCARE HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN ("SERP"). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE GBMC HEALTHCARE BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS, THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. DURING CALENDAR YEAR 2024, THE FOLLOWING PARTICIPATED IN THE SERP PLAN: JOHN B. CHESSARE - $249,618 LAURIE R. BEYER - $74,730 JOHN L. FLOWERS, M.D. - $87,750 CATHERINE HAMEL - $64,845 CAROLYN L. CANDIELLO - $29,480 JENNY COLDIRON - $36,567 DAVID J. HYNSON - $12,473 STACEY L. MCGREEVY - $48,315 ANNA-MARIA G. PALMER - $36,980 ERLENE WASHINGTON - $35,320 MICHAEL STEIN - $27,000 ANGELA FEURER - $31,400 CARL JEAN-BAPTISTE - $40,000 DURING THE CALENDAR YEAR, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN THE SERP PLAN: JOHN B. CHESSARE, M.D. - $249,618 LAURIE R. BEYER - $74,069 JOHN L. FLOWERS, M.D. - $87,750 CATHERINE Y. HAMEL - $64,845 DAVID J. HYNSON - $12,473 STACEY L. MCGREEVY - $29,773 CAROLYN L. CANDIELLO - $29,480 JENNY COLDIRON - $36,567 ERLENE WASHINGTON - $36,622 ANNA-MARIA G. PALMER - $31,794 PART I, LINE 7 EXECUTIVE BONUSES ARE ESTABLISHED BY THE BOARD OF DIRECTORS COMPENSATION COMMITTEE WITH THE CONSULTATION OF AN INDEPENDENT THIRD-PARTY EXECUTIVE COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE FOLLOWS GOVERNANCE BEST PRACTICES: - ESTABLISHES AN EXECUTIVE COMPENSATION PHILOSOPHY. - CONDUCTS A COMPREHENSIVE COMPENSATION REVIEW AND APPROVAL PROCESS LED BY AN INDEPENDENT, BOARD-AUTHORIZED COMPENSATION COMMITTEE. - REINFORCES PAY-FOR-PERFORMANCE THROUGH AN ANNUAL INCENTIVE PLAN, WITH GOALS AND METRICS APPROVED BY THE COMPENSATION COMMITTEE; DETERMINATION OF ACHIEVEMENT AND AWARDS WITHIN COMPENSATION COMMITTEE'S SOLE DISCRETION. - PROMOTES TRANSPARENCY WITH ANNUAL REPORT TO THE BOARD. - ENSURES COMPLIANCE WITH IRS "INTERMEDIATE SANCTIONS" SAFE HARBOR* PROTECTIONS FOR EXECUTIVE COMPENSATION DECISIONS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: GBMC HEALTHCARE, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY AS A NONPROFIT CHARITABLE ORGANIZATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE FOR THE FOLLOWING PURPOSES: (1) TO ESTABLISH, MAINTAIN, SUPERVISE, COORDINATE, ASSIST AND PERFORM PLANNING AND OTHER FUNCTIONS FOR ENTITIES TO PROVIDE HEALTH RELATED SERVICES OR TO CARRY OUT THE CHARITABLE, EDUCATIONAL, HEALTH CARE, AND SCIENTIFIC PURPOSES OF THE CORPORATION AND ITS AFFILIATED ENTITIES INCLUDING BUT NOT LIMITED TO GREATER BALTIMORE MEDICAL CENTER, INC., A HOSPITAL CORPORATION DESCRIBED UNDER SECTION 501(C)(3) AND EXEMPT FROM TAX UNDER SECTION 501(A) OF THE CODE, AND OTHER ENTITIES WHICH MAY FURTHER THE CHARITABLE, EDUCATIONAL, HEALTH CARE, AND OTHER PURPOSES OF THE CORPORATION. (2) TO PROVIDE SUPERVISION AND COORDINATION OF THE ACTIVITIES OF AFFILIATED ENTITIES, INCLUDING BUT NOT LIMITED TO GREATER BALTIMORE MEDICAL CENTER, INC. GBMC FOUNDATION, INC. RUXTON INSURANCE COMPANY, LTD. GBMC LAND CORPORATION AND GILCHRIST HOSPICE CARE, INC. (3) TO CONSIDER AND ESTABLISH LONG AND SHORT RANGE PLANNING ACTIVITIES FOR THE CORPORATION AND ITS AFFILIATED ENTITIES. (4) TO RAISE FUNDS FOR THE BENEFIT OF CHARITABLE, SCIENTIFIC, HEALTH CARE, AND EDUCATIONAL ACTIVITIES AND FUNCTIONS OF THE CORPORATION AND ITS AFFILIATED ENTITIES. (5) TO CONSULT WITH THE APPROPRIATE OFFICERS OF THE AFFILIATED ENTITIES TO PROMOTE COOPERATION AMONG THEM IN ORDER TO FURTHER THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES AND FUNCTIONS OF THOSE ENTITIES. (6) TO HAVE AND TO EXERCISE TO THE EXTENT NECESSARY OR DESIRABLE FOR THE ACCOMPLISHMENT OF ANY OF THE AFORESAID PURPOSES, AND TO THE EXTENT THAT THEY ARE NOT INCONSISTENT WITH THE CHARITABLE PURPOSES OF THE CORPORATION AND THE LIMITATIONS IMPOSED BY SECTION 501(C)(3) OF THE CODE, ANY AND ALL POWERS CONFERRED UPON CORPORATION BY THE MARYLAND GENERAL CORPORATION LAW. FORM 990, PART VI, SECTION A, LINE 2 MS. HEIDI KENNY BERMAN AND MRS. SANDRA BERMAN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF GBMC HEALTHCARE, INC. REVIEWS THIS FORM 990. A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS OF GBMC HEALTHCARE, INC. FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THESE POLICIES INCLUDE A WRITTEN CONFLICT OF INTEREST POLICY ATTESTED TO ANNUALLY, A WRITTEN WHISTLEBLOWER POLICY, AND A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. ANNUALLY, EVERY BOARD MEMBER, EMPLOYED AND CONTRACTED PHYSICIAN, ADVANCED PRACTITIONER AND MANAGER (WHICH INCLUDES KEY EMPLOYEES) MUST COMPLETE A COMPREHENSIVE QUESTIONNAIRE THAT PROVIDES FOR THE DISCLOSURE OF POTENTIAL CONFLICTS. ALL DISCLOSURES ARE REVIEWED BY THE COMPLIANCE OFFICER. THOSE DISCLOSURES THAT ARE QUESTIONABLE OR MAY RISE TO THE LEVEL OF A CONFLICT ARE DISCUSSED WITH GENERAL INHOUSE COUNSEL AND APPROPRIATE ACTION IS TAKEN, IF NECESSARY. A SUMMARY OF POTENTIAL CONFLICTS AND PROPOSED ACTIONS IS PROVIDED TO THE PRESIDENT (FOR MANAGEMENT) AND TO THE GOVERNANCE AND BOARD DEVELOPMENT COMMITTEE (FOR BOARD MEMBERS) ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ("COMMITTEE") OF THE BOARD OF DIRECTORS OF GBMC HEALTHCARE, INC., WHICH IS COMPRISED OF DIRECTORS THAT ARE "DISINTERESTED" AS DEFINED BY IRS REGULATIONS, IS AUTHORIZED TO OVERSEE THE ORGANIZATION'S EXECUTIVE COMPENSATION PROGRAM. THE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION PROVIDED TO THE ORGANIZATION'S PRESIDENT AND CHIEF EXECUTIVE OFFICER AND EACH OFFICER, KEY EMPLOYEE AND SENIOR LEADER, WHETHER OR NOT THESE INDIVIDUALS WOULD BE CONSIDERED "DISQUALIFIED PERSONS" UNDER THE INTERMEDIATE SANCTIONS REGULATIONS OF FEDERAL INCOME TAX LAW. THE COMMITTEE HAS ADOPTED A WRITTEN PHILOSOPHY SETTING FORTH THE GUIDING PRINCIPLES GOVERNING THE COMPENSATION PROVIDED TO THE ORGANIZATION'S EXECUTIVES. THE COMMITTEE'S REVIEW AND APPROVAL PROCESS WAS ESTABLISHED AND IS CONDUCTED IN A MANNER SO AS TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS REGULATIONS OF FEDERAL INCOME TAX LAW. ALL FORMS OF COMPENSATION AND BENEFITS PROVIDED TO MEMBERS OF THE SENIOR LEADERSHIP TEAM ARE REVIEWED, WHICH INCLUDES CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NONQUALIFIED TO ENSURE THAT THE "TOTAL COMPENSATION" IS REASONABLE. THE COMMITTEE ENGAGED AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT THAT SPECIALIZES IN THE REVIEW OF HOSPITAL AND HEALTH SYSTEM EXECUTIVE COMPENSATION AND BENEFITS TO COMPILE MARKET COMPENSATION DATA OF SIMILARLY SIZED HEALTH CARE ORGANIZATIONS THROUGHOUT THE COUNTRY AS WELL AS THE SAME GEOGRAPHIC REGION. NO DATA FROM ANY FOR-PROFIT ENTITIES WERE USED. THE DATA WERE CATEGORIZED BY EXECUTIVE POSITION, AND A SALARY RANGE WAS DEVELOPED WITH THE ASSISTANCE OF THE INDEPENDENT COMPENSATION CONSULTANT. THE COMMITTEE RELIED UPON THIS DATA, RELEVANT BUSINESS JUDGMENT FACTORS (E.G., EXPERIENCE, PERFORMANCE, RECRUITMENT AND RETENTION FACTORS AND THE UNIQUE DEMANDS OF THE POSITION), THE GUIDANCE PROVIDED BY THE STATED COMPENSATION PHILOSOPHY AND THE WRITTEN OPINION OF THE INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT AS TO THE REASONABLENESS OF THE COMPENSATION IN RELATION TO MARKET DATA IN MAKING ITS EXECUTIVE COMPENSATION DECISIONS. THE COMMITTEE ALSO CONSIDERS ITS BUSINESS JUDGMENT. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DECISIONS THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE MEETINGS DURING WHICH SUCH DECISIONS ARE DELIBERATED AND DETERMINED. THE COMMITTEE'S DECISIONS ARE SUBJECT TO THE FINAL APPROVAL OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE LOCATED ON THE STATE OF MARYLAND DEPARTMENT OF TAXATION'S WEBSITE. FINANCIAL STATEMENTS ARE MADE PUBLIC THROUGH THE STATE OF MARYLAND CHARITABLE REGISTRATION. FINANCIAL STATEMENTS FOR GBMC HEALTHCARE, INC. ARE ALSO AVAILABLE THROUGH THE ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA) WEBSITE VIA THE CONTINUING DISCLOSURE DOCUMENT. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS OF SUBSIDIARIES 27,409,456. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS FOR THE ORGANIZATION'S FINANCIAL STATEMENT AUDIT HAVE CHANGED FROM THE PRIOR YEAR. GREATER BALTIMORE HEALTH ALLIANCE PHYSICIANS LLC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 900794161 ACCOUNTABLE CARE ORGANIZATION MD 2004884 1064661 GBMC HEALTHCARE INC GREATER BALTIMORE MEDICAL CENTER INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 526049658 HEALTHCARE MD 501(C)(3) LINE 3 GBMC HEALTHCARE INC 1 GBMC FOUNDATION INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521411935 FUNDRAISING MD 501(C)(3) LINE 12B, II GBMC HEALTHCARE INC 1 GILCHRIST HOSPICE CARE INC 11311 MCCORMICK ROAD SUITE 350 HUNT VALLEY MD 21031 521851251 HOSPICE SERVICES MD 501(C)(3) LINE 3 GBMC HEALTHCARE INC 1 GBMC LAND INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521413360 REAL ESTATE PROPERTY MD 501(C)(3) LINE 12A, I GBMC HEALTHCARE INC 1 PRESBYTERIAN EYE EAR & THROAT CHARITY HOSP INC BOARD LADY MGRS 1055 W JOPPA RD 718 TOWSON MD 20878 526052408 SUPPORTING MD 501(C)(3) LINE 12C, III-FI N/A 0 PRESBYTERIAN EYE EAR & THROAT CHARITY HOSPITAL 320 MORRIS AVE LUTHERVILLE MD 21093 520449990 SUPPORTING MD 501(C)(3) LINE 12C, III-FI N/A 0 WOMEN'S HOSPITAL FOUNDATION INC 102 W PENNSYLVANIA AVE 600 TOWSON MD 21204 520591609 SUPPORTING MD 501(C)(3) LINE 12D, III-O N/A 0 MILTON J DANCE JR ENDOWMENT INC 10112 NICHOLSON RD ELLICOTT CITY MD 21204 521104173 SUPPORTING MD 501(C)(3) LINE 12C, III-FI N/A 0 GILCHRIST BALTIMORE CENTER SUPPORT CORPORATION 11311 MCCORMICK ROAD SUITE 350 HUNT VALLEY MD 21031 854086504 SUPPORTING MD 501(C)(3) LINE 12C, III-FI N/A 0 JOSEPH RICHEY HOUSE INC 11311 MCCORMICK ROAD SUITE 350 HUNT VALLEY MD 21031 521184960 PALLIATIVE CARE FOR TERMINALLY ILL ADULTS AND CHILDREN MD 501(C)(3) LINE 7 GILCHRIST HOSPICE CARE INC 0 HOSPICE OF WASHINGTON COUNTY 1710 UNDERPASS WAY SUITE 300 HAGERSTOWN MD 21740 521192068 HOSPICE CARE MD 501(C)(3) LINE 7 GILCHRIST HOSPICE CARE INC 0 GBMC PAVILION WEST MEDICAL ARTS LLC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521899034 REAL ESTATE MANAGEMENT MD N/A 0 0 GBMC-WP-PT LLC 1447 YORK ROAD SUITE 401 LUTHERVILLE MD 21093 812388743 PHYSICAL THERAPY MD N/A 0 0 GREATER BALTIMORE DIAGNOSTIC IMAGING 7253 AMBASSADOR ROAD BALTIMORE MD 21244 521411931 RADIOLOGY MD N/A 0 0 NORTHERN BALTIMORE SURGERY CENTER 110 WEST ROAD SUITE 229 TOWSON MD 21204 522234559 OCULAR SURGERY MD N/A 0 0 GBMC AGENCY INC 6701 NORTH CHARLES STREET BALTIMORE MD 21204 521411931 INVESTMENTS MD GBMC HEALTHCARE INC C 57055332 1.00000 1 RUXTON INSURANCE COMPANY 3 GORHAM ROAD HAMILTON HM 08 HAMILTON BD 980413102 INSURANCE CAPTIVE BD N/A C 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 GREATER BALTIMORE MEDICAL CENTER INC M 97488 COST