University Hospitals Health System Inc, operating under the name Lake Health, is located in Shaker Heights, OH. The organization was established in 1984. 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, Lake Health employed 3,320 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lake Health 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, Lake Health generated $475.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $434.2m during the year ending 12/2021. While expenses have increased by 2.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE HEALTH CARE SERVICES TO THE RESIDENTS OF LAKE COUNTY AND NEIGHBORING COMMUNITIES IN PARTNERSHIP WITH THOSE WHO SHARE A COMMITMENT TO LOCAL ACCESS, HEALING WITH COMPASSION, AND SUPERIOR QUALITY.
Describe the Organization's Program Activity:
LAKE HOSPITAL SYSTEM, INC., IS A 120-YEAR-OLD HEALTH CARE INSTITUTION THAT HAS PRIMARILY SERVED THE HEALTH CARE NEEDS OF RESIDENTS IN LAKE COUNTY AND THE SURROUNDING COMMUNITIES SINCE 1902. LAKE HEALTH HAS HAD A LONG-STANDING TRADITION OF PROVIDING SERVICES AND PROGRAMS BASED ON THE HEALTH CARE NEEDS OF THE COMMUNITIES THAT WE SERVE. WE HAVE BEEN GUIDED BY OUR MISSION TO PROVIDE LOCAL ACCESS, HEALING WITH COMPASSION AND SUPERIOR QUALITY AND OUR CORE VALUES - RESPECT, INNOVATION, TEAMWORK, STEWARDSHIP, AND INTEGRITY. WE HAVE BEEN GUIDED BY A COLLABORATIVE HEALTH NEEDS ASSESSMENT CONDUCTED IN COOPERATION WITH THE LAKE COUNTY GENERAL HEALTH DISTRICT, LAKE HEALTH HAS DEVELOPED PROGRAMS, SERVICES AND PARTNERSHIPS TO ADDRESS THE MOST PRESSING HEALTH ISSUES. THE HIGH PRIORITY AREAS INCLUDE COVID 19, DIABETES, CHRONIC DISEASE, BEHAVIORAL HEALTH, AND ACCESS TO CARE. IN APRIL 2021, LAKE HEALTH JOINED UNIVERSITY HOSPITALS. AS SUCH, LAKE HEALTH'S TAX ID REMAINS THE SAME, AND IT FILES ITS TAX RETURN INDEPENDENTLY FROM UH.LAKE HEALTH IS COMPRISED OF 11 FACILITIES IN LAKE, GEAUGA, AND CUYAHOGA COUNTIES, AND WHICH INCLUDE THE FOLLOWING:1. TRIPOINT MEDICAL CENTER (FULL-SERVICE, ACUTE CARE HOSPITAL)2. LAKE WEST MEDICAL CENTER (FULL-SERVICE, ACUTE CARE HOSPITAL)3. BEACHWOOD MEDICAL CENTER (FULL-SERVICE ACUTE CARE HOSPITAL)4. MENTOR HEALTH CENTER (OUTPATIENT LAB AND DIAGNOSTICS, PHYSICIAN OFFICES, OUTPATIENT SURGERY, CANCER SERVICES)5. BRUNNER, SANDEN DEITRICK WELLNESS CENTER (URGENT CARE, OUTPATIENT LAB AND DIAGNOSTICS, PHYSICIAN OFFICES, PHYSICAL THERAPY, OCCUPATIONAL HEALTH SERVICES AND A MEDICALLY BASED FITNESS CENTER)6. MADISON HEALTH CENTER (OUTPATIENT LAB AND DIAGNOSTICS, PHYSICIAN OFFICES, PHYSICAL THERAPY)7. WILLOWICK HEALTH CENTER (URGENT CARE, OUTPATIENT LAB AND DIAGNOSTICS, PHYSICIAN OFFICES)8. CHARDON HEALTH CENTER (, OUTPATIENT LAB AND DIAGNOSTICS, PHYSICIAN OFFICES)9. PERRICO HEALTH CENTER (PHYSICIAN OFFICES, PHYSICAL THERAPY, OUTPATIENT LAB AND DIAGNOSTICS)10. LAKE SOM HEALTH CENTER (PHYSICIAN OFFICES, LAB, AND DIAGNOSTICS)11. LAKE CONTINUING CARE CENTER (COMPREHENSIVE, INPATIENT REHABILITATION; GERIATRIC PSYCHIATRY)ACCESSIBILITY IS KEY TO OUR MISSION. WE HAVE CONTRACTED WITH MOST INSURANCE PROVIDERS TO ENSURE A VAST ARRAY OF PRIMARY CARE PHYSICIANS AND SPECIALISTS. LAKE HEALTH ALSO OPERATES THREE FULL-SERVICE EMERGENCY DEPARTMENTS INCLUDING: TRIPOINT MEDICAL CENTER IN CONCORD TOWNSHIP, LAKE WEST MEDICAL CENTER IN WILLOUGHBY AND BEACHWOOD MEDICAL CENTER IN BEACHWOOD. THESE EMERGENCY DEPARTMENTS ARE OPEN TO ALL PERSONS, REGARDLESS OF ABILITY TO PAY.OUR GROWTH AS A HOSPITAL SYSTEM REFLECTS THE MANY WAYS WE ARE BUILDING ON OUR MISSION AND HOW WE ASPIRE TO BE MORE THAN YOUR TYPICAL COMMUNITY HOSPITAL. WE WANT OUR PATIENTS TO RECEIVE SUPERIOR PATIENT CARE WITHOUT HAVING TO LEAVE THE COMMUNITY, AND THAT'S WHY WE ARE COMMITTED TO BRINGING THE BEST RESOURCES TOGETHER TO PROVIDE AN EXPANDED LEVEL OF COMMUNITY CARE.LAKE HEALTH PROVIDES SERVICES AND PROGRAMS BASED ON THE HEALTH CARE NEEDS OF THE COMMUNITIES WE SERVE. IN FACT, TAKING HEALTH EDUCATION PROGRAMS AND SCREENINGS TO WHERE PEOPLE LIVE, WORK AND PLAY IS FUNDAMENTAL TO OUR MISSION. IN 2021, WE CONTINUED OUR MISSION OF HELPING TO CARE AND EDUCATE OUR COMMUNITIES REGARDING COVID-19. WE ALSO PUT A FOCUS ON HELPING PATIENTS FEEL COMFORTABLE TO RETURN FOR HEALTH CARE IN OUR COMMUNITIES AND PROVIDING ADDITIONAL ACCESS FOR PATIENTS.IN 2021, LAKE HEALTH PROVIDED APPROXIMATELY $450,000 IN COMMUNITY BENEFIT THROUGH HEALTH EDUCATION, WHICH CONTINUED TO FOCUS ON LAKE HEALTH CONTRIBUTED APPROXIMATELY $8.5 MILLION IN 2021 IN CASH AND IN-KIND DONATIONS TO CIVIC AND COMMUNITY PROGRAMS AND PARTNERSHIPS WITH A HEALTH AND WELLNESS FOCUS. SOME OF THE PROGRAMS AND EVENTS ARE HIGHLIGHTED BELOW.COMMUNITY PROGRAMS AND EVENTS:LAKE HEALTH CONTINUED TO BE AN ANCHOR INSTITUTE IN COMMUNITY BY SUPPORTING OVER 50 LOCAL ORGANIZATION WITH AN EMPHASIS ON SUPPORTING ORGANIZATIONS THAT ALIGNED WITH PROVIDING SUPPORT AS IDENTIFIED IN OUR COMMUNITY HEALTH NEEDS ASSESSMENT. INCLUDING, LAKE COUNTY FREE MEDICAL CLINIC, LAKE COUNTY COUNCIL ON AGING, AND FORBES HOUSE. WE ALSO CONTINUED TO PROVIDING COMMUNITY PROGRAMS INCLUDING: INFANT AND CHILDBIRTH PROGRAMS INCLUDING CHILDBIRTH PREPARATION, INFANT CARE, BREASTFEEDINGPROGRAM, SIBLING PROGRAM, INFANT AND CHILD CPR, AND CAR SEAT CHECKS.SUPPORT GROUPS, INCLUDING BREASTFEEDING, BREAST CANCER, DIABETES, STROKE, AND AMPUTEE UNITED WAY DAY OF CARING AND HARVEST FOR HUNGERSCHOOL PARTNERSHIPSBREAST HEALTH FOR HISPANIC WOMENINTEGRATIVE HEALTH AND WELLNESS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cynthia Moore-Hardy President And CEO | Officer | 55 | $3,284,651 |
Robert Tracz Sr. Vp/cfo | Officer | 50 | $694,972 |
John Baniewicz MD Sr Vp, Medical Affairs | Officer | 45 | $694,597 |
Richard D Cicero Sr Vp, Marketing & Business | Officer | 45 | $444,530 |
Adetinuke Tadese Chief Medical Informatics Officer | Officer | 40 | $348,804 |
Bill Osterman Vp, Acute Care Services | Officer | 40 | $281,475 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Community Hospitalists Llc Hospital Medical Staffing Coverage And M | 12/30/21 | $7,307,983 |
Maxim Healthcare Services Inc Medical Staffing | 12/30/21 | $10,251,055 |
Crothall Healthcare Inc Housekeeping Services | 12/30/21 | $4,276,605 |
Sodexo Inc And Affiliates Nutrition Services Operations | 12/30/21 | $3,310,761 |
Philips Medical Systems Service Agreements: Inspections, Mainten | 12/30/21 | $2,692,718 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $591,848 |
Government grants | $14,328,711 |
All other contributions, gifts, grants, and similar amounts not included above | $595,774 |
Noncash contributions included in lines 1a–1f | $16,488 |
Total Revenue from Contributions, Gifts, Grants & Similar | $15,516,333 |
Total Program Service Revenue | $385,477,854 |
Investment income | $4,339,469 |
Tax Exempt Bond Proceeds | $300 |
Royalties | $0 |
Net Rental Income | $2,569,663 |
Net Gain/Loss on Asset Sales | $32,263,934 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $475,459,739 |
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. | $7,042,282 |
Compensation of current officers, directors, key employees. | $7,042,282 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $134,080,863 |
Pension plan accruals and contributions | $2,181,778 |
Other employee benefits | $13,127,088 |
Payroll taxes | $9,515,174 |
Fees for services: Management | $2,054,385 |
Fees for services: Legal | $353,976 |
Fees for services: Accounting | $89,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,193,698 |
Fees for services: Other | $83,479,356 |
Advertising and promotion | $2,273,893 |
Office expenses | $3,988,029 |
Information technology | $14,376,135 |
Royalties | $0 |
Occupancy | $12,437,248 |
Travel | $307,359 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $17,960 |
Interest | $3,545,835 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,911,631 |
Insurance | $6,096,319 |
All other expenses | $0 |
Total functional expenses | $434,180,154 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $27,770,102 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $42,521,682 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $6,280,323 |
Prepaid expenses and deferred charges | $11,756,580 |
Net Land, buildings, and equipment | $187,596,583 |
Investments—publicly traded securities | $274,056,047 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $81,177,284 |
Total assets | $631,158,601 |
Accounts payable and accrued expenses | $41,974,398 |
Grants payable | $0 |
Deferred revenue | $1,266,241 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $78,524,955 |
Total liabilities | $121,765,594 |
Net assets without donor restrictions | $509,393,007 |
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 | $631,158,601 |
Over the last fiscal year, we have identified 5 grants that University Hospitals Health System Inc has recieved totaling $629,012.
Awarding Organization | Amount |
---|---|
Lake Hospital Foundation Inc Shaker Heights, OH PURPOSE: HEALTHCARE PROGRAM SERVICES | $575,360 |
Lake Hospital Foundation Inc Shaker Heights, OH PURPOSE: TRIPOINT WELLNESS WALKWAY | $16,488 |
Center For Health Affairs Cleveland, OH PURPOSE: EMER.PREPAREDNESS | $16,082 |
Center For Health Affairs Cleveland, OH PURPOSE: EMER.PREPAREDNESS | $16,082 |
The American Breast Cancer Foundation Inc Gaithersburg, MD PURPOSE: PROVIDES SCREENING MAMMOGRAMS AND ULTRASOUNDS TO UNINSURED AND UNDERSERVED AREA | $5,000 |
Beg. Balance | $7,186,654 |
Earnings | $582,521 |
Net Contributions | $474,754 |
Other Expense | $336,209 |
Grants | $89,913 |
Ending Balance | $7,817,807 |
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 |