Licking Memorial Hospital
- Assets
- $197.0m
- Revenue
- $329.1m
- Investments
- $0.0
- Employees
- 2,111
- Location
- Newark, OH
- Founding
- 01/1937
- Data as of
- 12/2021
- EIN
- 31-4379519
Organization Overview
Licking Memorial Hospital is located in Newark, OH. The organization was established in 1937. 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 12/2021, Licking Memorial Hospital employed 2,111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Licking Memorial 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 12/2021, Licking Memorial Hospital generated $329.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $271.9m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH ACTIVITIES AND PROGRAMS FREE-OF-CHARGE TO THE COMMUNITY.THE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, AND SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, AND MEDICALLY UNDERSERVED.LMH SERVED 7,690 INPATIENTS AND 876 NEWBORNS FOR A TOTAL OF 33,337 PATIENT DAYS, AND PROVIDED SERVICES TO 334,606 OUTPATIENTS IN 2021.ADDITIONALLY, LMH PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS, BELOW COST IN MANY CASES. TO THE EXTENT REIMBURSEMENT IS BELOW CHARGES, LMH CONSIDERS THESE AMOUNTS TO BE CONTRACTUAL ADJUSTMENTS, WHICH WILL NEVER BE COLLECTED. THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS AMOUNTED TO $413,570,000 IN 2021.UNCOMPENSATED CARE IS PROVIDED THROUGH MANY REDUCED PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES LMH BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED. LMH ROUTINELY PROVIDES UNCOMPENSATED CARE TO PATIENTS WHO ARE UNWILLING OR UNABLE TO PAY THEIR HOSPITAL BILLS. IN 2021, LMH WROTE OFF CHARGES OF APPROXIMATELY $32,843,000 IN BAD DEBTS AND $8,197,000 IN CHARITY CARE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Montagnese President & CEO | Officer | 30 | $829,261 |
Craig Cairns VP Medical Staff Affairs | 40 | $360,747 | |
Cindy Webster VP Financial Services | Officer | 30 | $322,220 |
Sallie Arnett VP Information Systems | 40 | $308,799 | |
Heather Burkhart VP Acute Care Services | 40 | $259,867 | |
Anne Peterson VP Hr And Support Services | 40 | $259,843 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robertson Construction Services Construction | 12/30/20 | $1,015,021 |
Laboratory Coproration Diagnostic Testing | 12/30/20 | $1,217,417 |
Santa Rosa Consulting Inc It Consulting | 12/30/20 | $1,713,897 |
Vvc Holding Corp Medical Supplies | 12/30/20 | $894,260 |
Biofire Diagnostics Llc Diagnostic Testing | 12/30/20 | $825,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $27,796 |
| Government grants | $2,409,827 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,437,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,875,246 |
| Total Program Service Revenue | $317,061,663 |
| Investment income | $170,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $420,397 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,143,121 |
| 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. | $1,240,861 |
| Compensation of current officers, directors, key employees. | $1,240,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,875,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,561,185 |
| Payroll taxes | $7,487,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,031 |
| Fees for services: Accounting | $449,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,047 |
| Fees for services: Other | $26,228,472 |
| Advertising and promotion | $0 |
| Office expenses | $613,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,019,124 |
| Travel | $32,706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $419,956 |
| Interest | $510,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,464,798 |
| Insurance | $815,753 |
| All other expenses | $0 |
| Total functional expenses | $271,877,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,742,135 |
| Savings and temporary cash investments | $4,119,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,767,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,996,954 |
| Prepaid expenses and deferred charges | $6,121,429 |
| Net Land, buildings, and equipment | $109,314,585 |
| Investments—publicly traded securities | $9,602,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,362,869 |
| Total assets | $197,027,298 |
| Accounts payable and accrued expenses | $43,249,491 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $29,852,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,117,981 |
| Total liabilities | $91,220,174 |
| Net assets without donor restrictions | $105,807,124 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $197,027,298 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Licking Memorial Hospital has recieved totaling $2,300.
| Awarding Organization | Amount |
|---|---|
Mattingly Family Foundation Zanesville, OH PURPOSE: PROGRAM SUPPORT | $2,300 |
Endowment Analysis
| Beg. Balance | $427,683 |
| Earnings | $81 |
| Ending Balance | $427,764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Tower Health Reading, PA | $1,567,530,050 | $562,187,138 |
Cabell Huntington Hospital Inc Huntington, WV | $1,087,986,142 | $722,910,695 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Indiana University Health Bloomingon Inc Indianapolis, IN | $990,966,337 | $700,343,585 |