Lawrence County Memorial Hospital
- Assets
- $20.5m
- Revenue
- $22.4m
- Investments
- $0.0
- Employees
- 197
- Location
- Lawrenceville, IL
- Founding
- 12/2013
- Data as of
- 06/2021
- EIN
- 80-0618988
Organization Overview
Lawrence County Memorial Hospital is located in Lawrenceville, IL. The organization was established in 2013. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Lawrence County Memorial Hospital employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence County 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 06/2021, Lawrence County Memorial Hospital generated $22.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $20.4m during the year ending 06/2021. While expenses have increased by 2.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AT LAWRENCE COUNTY MEMORIAL HOSPITAL, WE OFFER COMPASSIONATE, PROFESSIONAL HEALTHCARE THAT MEETS THE HIGHEST STANDARDS OF EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITPAL'S MISSION IS TO PROVIDE HIGH QUALITY CARE AND COST EFFECTIVE HEALTHCARE, WHICH INCLUDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO THE RESIDENTS OF LAWRENCE COUNTY, IL. ALL EXPENSES RELATE TO COSTS ASSOCIATED WITH PROVIDING THESE SERVICES, AND MAINLY INCLUDE SALARY AND WAGES TO STAFF AND COST OF SUPPLIES.
THE HOSPITPAL'S MISSION IS TO PROVIDE HIGH QUALITY CARE AND COST EFFECTIVE HEALTHCARE, WHICH INCLUDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO THE RESIDENTS OF LAWRENCE COUNTY, IL. ALL EXPENSES RELATE TO COSTS ASSOCIATED WITH PROVIDING THESE SERVICES, AND MAINLY INCLUDE SALARY AND WAGES TO STAFF AND COST OF SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Ramsaran Physican | 40 | $375,030 | |
Dr Gary Carr Trustee /physican | Trustee | 40 | $235,466 |
Don Robbins CEO | Officer | 45 | $220,491 |
Rodney Finch Crna | 40 | $209,969 | |
Valerie Burns Physican | 50 | $188,561 | |
Faris Al Gebory Surgeon | 20 | $166,711 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bluecross Blueshield Of Il Self Insured Insurance | 6/29/20 | $1,438,614 |
Core Physician Resources Contracted Ed Physician Group | 6/29/20 | $593,583 |
Comphealth Contracted Surgeons | 6/29/20 | $381,305 |
Deaconess Regional Healthcare Health Partner | 6/29/20 | $346,630 |
Martin Goldstone Md Contracted Ed Physician | 6/29/20 | $337,105 |
Bluecross Blueshield Of Il Self Insured Insurance | 6/29/20 | $1,438,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,705,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,651 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,707,986 |
| Total Program Service Revenue | $18,683,659 |
| Investment income | $140,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,134 |
| 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 | $22,385,689 |
| 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. | $1,690,178 |
| Compensation of current officers, directors, key employees. | $1,690,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,000,855 |
| Pension plan accruals and contributions | $156,375 |
| Other employee benefits | $1,683,034 |
| Payroll taxes | $625,820 |
| Fees for services: Management | $673,891 |
| Fees for services: Legal | $96,609 |
| Fees for services: Accounting | $43,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,511,946 |
| Advertising and promotion | $77,302 |
| Office expenses | $432,856 |
| Information technology | $18,164 |
| Royalties | $0 |
| Occupancy | $828,292 |
| Travel | $22,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $750,769 |
| Insurance | $177,847 |
| All other expenses | $118,317 |
| Total functional expenses | $20,359,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,960,415 |
| Savings and temporary cash investments | $546,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,334,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $354,524 |
| Prepaid expenses and deferred charges | $713,948 |
| Net Land, buildings, and equipment | $5,607,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,517,190 |
| Accounts payable and accrued expenses | $2,535,511 |
| Grants payable | $0 |
| Deferred revenue | $2,328,462 |
| 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 | $1,063,505 |
| Other liabilities | $2,496,721 |
| Total liabilities | $8,424,199 |
| Net assets without donor restrictions | $12,092,991 |
| 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 | $20,517,190 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lawrence County Memorial Hospital has recieved totaling $25,222.
| Awarding Organization | Amount |
|---|---|
Illinois Critical Access Hospital Network Princeton, IL PURPOSE: FLEX MENTAL HEALTH, FLEX POPULATION HEALTH AND 2022 SHIP | $25,222 |
Endowment Analysis
| Beg. Balance | $129,288 |
| Earnings | -$14,080 |
| Ending Balance | $115,208 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Health Center Louisville, KY | $55,888,380 | $40,129,264 |
Indiana University Health Tipton Hospital Inc Indianapolis, IN | $87,383,510 | $56,280,398 |
Indiana Hemophilia And Thrombosis Center Inc Indianapolis, IN | $231,660,883 | $58,709,453 |
Crawford Hospital District Robinson, IL | $68,738,065 | $49,401,824 |
Community Health Clinic Inc Topeka, IN | $10,091,529 | $43,220,278 |
Indiana University Health Jay Inc Indianapolis, IN | $31,136,066 | $37,774,025 |
Ascension River District Hospital St Louis, MO | $14,126,181 | $36,847,303 |
Mercy Hospital Lincoln Troy, MO | $8,498,230 | $49,593,146 |
Ferrell Hospital Community Foundation Eldorado, IL | $55,088,834 | $40,112,130 |
Saint Lukes Hospital Of Trenton Trenton, MO | $38,756,307 | $41,833,372 |
Indiana University Health White Memorial Hospital Inc Indianapolis, IN | $73,112,699 | $47,066,455 |
Indiana University Health Paoli Inc Indianapolis, IN | $41,762,400 | $32,628,837 |