The Lowell General Hospital
- Assets
- $603.3m
- Revenue
- $492.8m
- Investments
- $88.9m
- Employees
- 4,474
- Location
- Lowell, MA
- Founding
- 07/1939
- Data as of
- 09/2020
- EIN
- 04-2103590
Organization Overview
The Lowell General Hospital is located in Lowell, MA. The organization was established in 1939. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Lowell General Hospital employed 4,474 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowell General Hospital 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 09/2020, Lowell General Hospital generated $492.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $469.4m during the year ending 09/2020. While expenses have increased by 1.3% per year over the past 6 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.
Since 2015, Lowell General Hospital has awarded 192 individual grants totaling $3,092,863. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE HEALTHCARE NEEDS OF COMMUNITIES SERVED THROUGH THE PROVISION OF INPATIENT AND OUTPATIENT MEDICAL SERVICES. TO PROVIDE SERVICES, PROGRAMS AND INITIATIVES TO IMPROVE THE HEALTH AND QUALITY OF LIFE OF THE CITIZENS IN THE AREA, WITH A PARTICULAR FOCUS ON PEOPLE WHO ARE MEDICALLY UNDERSERVED, AT RISK, OR FINANCIALLY DISADVANTAGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LGH'S OUTPATIENT AND ANCILLARY SERVICES INCLUDE EMERGENCY DEPARTMENT (LEVEL III TRAUMA SERVICES), IMAGING/RADIOLOGY (INCLUDING MRI, CT, ULTRASOUND, MAMMOGRAPHY), LABORATORY, CARDIAC TESTING AND CATHETERIZATION, ENDOSCOPY, SURGERY, REHABILITATION THERAPIES, RADIATION ONCOLOGY AND CHEMOTHERAPY, AND A NUMBER OF OTHER SERVICES NEEDED TO SUPPORT INPATIENT AND OUTPATIENT CARE.OUTPATIENT STATISTICSEMERGENCY ROOM VISITS: 83,429OUTPATIENT VISITS: 562,039OUTPATIENT SURGERIES: 10,091RADIATION TREATMENTS: 10,815
LOWELL GENERAL HOSPITAL'S PRIMARY SERVICE AREA ("PSA") IS COMPRISED OF THE FOLLOWING NINE COMMUNITIES: BILLERICA, CHELMSFORD, DRACUT, DUNSTABLE, LOWELL, TEWKSBURY, TYNGSBORO AND WESTFORD, MASSACHUSETTS, AND PELHAM, NEW HAMPSHIRE, WITH A TOTAL OF APPROXIMATELY 291,000 RESIDENTS. THE HOSPITAL'S SECONDARY SERVICE AREA ("SSA") HAS A POPULATION OF ALMOST 340,000 AND INCLUDES THE SURROUNDING MUNICIPALITIES OF ANDOVER, CARLISLE, GROTON, LAWRENCE, LITTLETON, METHUEN, NORTH ANDOVER, PEPPERELL AND WILMINGTON, MASSACHUSETTS, AND HOLLIS, HUDSON AND NASHUA, NEW HAMPSHIRE.THE HOSPITAL OFFERS THE LATEST TECHNOLOGY AND A FULL RANGE OF MEDICAL, SURGICAL AND CRITICAL CARE SERVICES FOR PATIENTS, FROM NEWBORNS TO SENIORS. IT IS CURRENTLY LICENSED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH TO OPERATE A TOTAL OF 428 ACUTE CARE BEDS (301 ADULT MEDICAL/SURGICAL, 23 INTENSIVE CARE, 40 PEDIATRIC, 26 OBSTETRICAL, 10 LEVEL IIB SPECIAL CARE NURSERY BASSINETS AND 28 WELL-NEWBORN BASSINETS).INPATIENT STATISTICSINPATIENT ADMISSIONS: 17,688DELIVERIES: 1,677OBSERVATION STAYS: 5,401PATIENT DAYS: 78,693SURGERIES: 2,743
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A White President | OfficerTrustee | 48 | $1,049,758 |
Amy Hoey Executive Vice President & COO | Officer | 50 | $688,414 |
Frank Osborn Cmo, Ambulatory | Officer | 50 | $541,914 |
Cecelia Lynch VP Patient Care & Chief Nursing Exec | Officer | 50 | $410,077 |
William F Wyman Sr. VP Of Finance/treas./asst. Clerk | Officer | 46 | $404,412 |
Emily Young Director Of Healthcare Ops | 50 | $304,157 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Information Systems Provider | 9/29/21 | $27,962,599 |
Merrimack Valley Emergency Medical Servi Physician Services | 9/29/21 | $4,325,784 |
Sodexo Inc & Affiliates Food & Facilities Services | 9/29/21 | $3,879,667 |
Quest Diagnostics Nichols Inst Diagnostic Testing | 9/29/21 | $3,122,218 |
Fresenius Management Services Inc Business Services | 9/29/21 | $1,471,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,087,144 |
| Investment income | $2,546,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$391,728 |
| Net Gain/Loss on Asset Sales | $4,763,381 |
| Net Income from Fundraising Events | -$80,432 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,829,849 |
| Statement of Expenses | |
|---|---|
| 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. | $3,665,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,436,130 |
| Pension plan accruals and contributions | $3,858,388 |
| Other employee benefits | $28,132,995 |
| Payroll taxes | $12,421,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $648,210 |
| Fees for services: Accounting | $492,040 |
| Fees for services: Lobbying | $120,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,740 |
| Fees for services: Other | $36,109,115 |
| Advertising and promotion | $266,567 |
| Office expenses | $98,858,600 |
| Information technology | $24,083,058 |
| Royalties | $0 |
| Occupancy | $10,374,295 |
| Travel | $310,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $694,920 |
| Interest | $7,452,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,094,098 |
| Insurance | $1,097,695 |
| All other expenses | $0 |
| Total functional expenses | $469,388,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,186,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,306,564 |
| Accounts receivable, net | $50,813,992 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,493,816 |
| Prepaid expenses and deferred charges | $3,959,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $88,872,941 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,409,747 |
| Total assets | $603,322,132 |
| Accounts payable and accrued expenses | $95,527,562 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $198,285,553 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,827,290 |
| Unsecured mortgages and notes payable | $154,710 |
| Other liabilities | $168,861,217 |
| Total liabilities | $479,656,332 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $123,665,800 |
Grants Awarded
Over the last fiscal year, The Lowell General Hospital has awarded $49,050 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AUNT BERTHA A PUBLIC BENEFIT CORP PURPOSE: DONATION | $13,050 |
Andover, MA PURPOSE: SPONSOR VARIOUS EVENTS | $10,000 |
Lowell, MA PURPOSE: DONATION/SPONSOR VARIOUS EVENTS | $10,000 |
CITY OF LOWELL WOMEN'S GOLF TOURNAMENT PURPOSE: DONATION | $6,000 |
BOYS & GIRLS CLUB OF GREATER LOWELL INC PURPOSE: SPONSOR VARIOUS EVENTS | $5,000 |
Lowell, MA PURPOSE: SPONSORSHIP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Lowell General Hospital has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Regan Family Foundation Inc Cambridge, MA PURPOSE: MEDICAL | $250 |
Endowment Analysis
| Beg. Balance | $85,601,158 |
| Earnings | $15,956,346 |
| Other Expense | $10,489 |
| Ending Balance | $101,547,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |