Specialty Hospital Of Lorain
- Assets
- $3.3m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 61
- Location
- Amherst, OH
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 34-1902731
Organization Overview
Specialty Hospital Of Lorain is located in Amherst, OH. The organization was established in 1999. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Specialty Hospital Of Lorain employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Specialty Hospital Of Lorain 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, Specialty Hospital Of Lorain generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. 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 PROVIDE HEALTHCARE AND HEALTHCARE-RELATED SERVICES AND ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIALTY HOSPITAL OF LORAIN IS A 28-BED LONG-TERM ACUTE CARE HOSPITAL (LTACH) WITH THE PRIMARY PURPOSE OF PROVIDING LONG-TERM HEALTH CARE SERVICES TO THE CITIZENS OF LORAIN COUNTY, OHIO AND THE SURROUNDING AREA THROUGH ITS LONG-TERM CARE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Adams Coo/cno | Officer | 40 | $109,261 |
Rajive Khanna President And Ceo, Grace (term 4/21) | OfficerTrustee | 20 | $0 |
Michelle Hennis Interim President & Ceo/cfo | Officer | 20 | $0 |
Sue Bowers Trustee | Trustee | 1 | $0 |
Kevin Corcoran Trustee (start 8/21) | Trustee | 1 | $0 |
Cindy Denison Trustee (start 7/21) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uh Amherst Health Center Medical Services | 12/30/21 | $925,955 |
Grace Hospital Management And Medical Services | 12/30/21 | $592,836 |
Concordance Healthcare Llc Dba Seneca Me Healthcare Supplies | 12/30/21 | $179,896 |
Community Dialysis Center Cdc Acute Ser Dialysis Services | 12/30/21 | $101,668 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $264,906 |
| 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 | $264,906 |
| Total Program Service Revenue | $5,943,349 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $6,231,679 |
| 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. | $119,725 |
| Compensation of current officers, directors, key employees. | $119,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,148,980 |
| Pension plan accruals and contributions | $14,148 |
| Other employee benefits | $387,054 |
| Payroll taxes | $170,959 |
| Fees for services: Management | $417,234 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,010,740 |
| Advertising and promotion | $0 |
| Office expenses | $23,799 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $278,663 |
| Travel | $14,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,156 |
| Insurance | $86,408 |
| All other expenses | $0 |
| Total functional expenses | $6,044,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,110,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,057,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,239 |
| Prepaid expenses and deferred charges | $46,244 |
| Net Land, buildings, and equipment | $35,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,097 |
| Total assets | $3,346,810 |
| Accounts payable and accrued expenses | $1,803,652 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $1,953,652 |
| Net assets without donor restrictions | $1,393,158 |
| 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 | $3,346,810 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Specialty Hospital Of Lorain has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Shepherd Specialty Hospital Allentown, PA | $18,736,864 | $17,427,993 |
Tgch Inc Waynesburg, PA | $21,231,985 | $18,105,026 |
Diley Ridge Medical Center Columbus, OH | $94,551,304 | $31,219,163 |
Community Health And Dental Care Inc Pottstown, PA | $5,981,782 | $16,427,913 |
Axesspointe Community Health Center Inc Akron, OH | $17,131,238 | $18,832,393 |
Aspire Indiana Health Noblesville, IN | $3,576,197 | $13,333,064 |
Riggs Community Health Center Inc Lafayette, IN | $25,254,127 | $14,878,610 |
Sterling Health Solutions Inc Mt Sterling, KY | $9,010,714 | $13,531,321 |
Crandall Medical Center Sebring, OH | $8,312,895 | $13,468,364 |
Kentucky Primary Care Association Inc Frankfort, KY | $24,979,444 | $13,536,797 |
Community Health And Social Services Center Detroit, MI | $16,372,987 | $11,811,249 |
Community Health Centers Of Western Kentucky Inc Greenville, KY | $18,210,332 | $12,355,929 |