Lawrence General Hospital

EIN: 042103586 501(c)(3) Health Care

Lawrence, MA

Total Revenue
$331,949,000
Total Expenses
$341,230,681
Total Assets
$299,270,124
Net Assets
$26,264,315
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1875
Legal Domicile
MA
Principal Officer
DIANA L RICHARDSON
Phone
9786834000
Tax Period
2023-10-01 to 2024-09-30

Lawrence General Hospital, founded in 1875, is a major nonprofit in the Health Care sector that reported $331.9M in total revenue in fiscal year 2023.

Mission

TO OPERATE AND MAINTAIN AN ACUTE CARE GENERAL HOSPITAL. PROVIDE APPROPRIATE HOSPITAL AND OTHER RELATED HEALTH SERVICES TO ALL PATIENTS REGARDLESS OF RACE, COLOR, CREED OR NATIONAL ORIGIN. PROVIDE ACCESS TO MEDICALLY NECESSARY SERVICES FOR AREA RESIDENTS REGARDLESS OF ABILITY TO PAY. ASSURE THE ONGOING PROCESS OF CONTINUOUSLY IMPROVING PATIENT CARE QUALITY.

Program Service Accomplishments

Program 1
Expenses: $116,837,429 Revenue: $153,099,871

OUTPATIENT HEALTHCARE SERVICES - PROVIDING OUTPATIENT SERVICES CONSISTENT WITH OUR CORE VALUES BY PROVIDING ACCESS TO COMPREHENSIVE, HIGH QUALITY, COMPASSIONATE, AND EFFICIENT HEALTHCARE SERVICES...

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OUTPATIENT HEALTHCARE SERVICES - PROVIDING OUTPATIENT SERVICES CONSISTENT WITH OUR CORE VALUES BY PROVIDING ACCESS TO COMPREHENSIVE, HIGH QUALITY, COMPASSIONATE, AND EFFICIENT HEALTHCARE SERVICES. DURING FY 2024, LAWRENCE GENERAL HOSPITAL HAD 288,458 OUTPATIENT VISITS.

Program 2
Expenses: $115,111,115 Revenue: $152,204,663

INPATIENT HEALTHCARE SERVICES - PROVIDING INPATIENT SERVICES CONSISTENT WITH OUR CORE VALUES BY PROVIDING ACCESS TO COMPREHENSIVE, HIGH QUALITY, COMPASSIONATE, AND EFFICIENT HEALTHCARE SERVICES...

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INPATIENT HEALTHCARE SERVICES - PROVIDING INPATIENT SERVICES CONSISTENT WITH OUR CORE VALUES BY PROVIDING ACCESS TO COMPREHENSIVE, HIGH QUALITY, COMPASSIONATE, AND EFFICIENT HEALTHCARE SERVICES. LAWRENCE GENERAL HOSPITAL IS A 186 BED HOSPITAL THAT PROVIDED 51,705 PATIENT DAYS OF INPATIENT SERVICES WITH 11,876 DISCHARGES DURING FY 2024.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,013,524
Program Service Revenue $307,628,089
Investment Income $722,055
Other Revenue $21,585,332
TOTAL REVENUE $331,949,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $177,164,625
Fundraising Expenses $458,218
Program Expenses $248,271,243
Other Expenses $164,066,056
TOTAL EXPENSES $341,230,681

Year-over-Year Comparison

2023 2022 Change
Revenue $331,949,000 $340,785,024 0.0%
Expenses $341,230,681 $345,497,323 0.0%
Net Income $-9,281,681 $-4,712,299 +1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
12
Employees
2243
Volunteers
494

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$1,399,795
Total Directors
19
$875,845
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUNIT MUKHERJEE MD CHIEF CARDIO & AMBULATORY MED. 40.0
Highest
$645,532 $33,784 $679,316
JASON D REID MD PHYSICIAN (ORTHO TRAUMA) 40.0
Highest
$569,397 $22,084 $591,481
ROBIN HYNDS INTERIM PRES & CEO(UNTIL 1/24) 50.0
Officer Director
$532,507 $31,338 $563,845
DEBORAH J WILSON FORMER PRESIDENT & CEO 0.0
$510,681 $35,320 $546,001
GEORGE KONDYLIS MD CHIEF MEDICAL OFFICER 40.0
Highest
$472,235 $56,453 $528,688
JOHN J BRADY MD PHYSICIAN 40.0
Highest
$484,174 $26,055 $510,229
WILLIAM SULLIVAN CFO/CORP ASS TREAS(UNTIL 6/24) 50.0
Officer
$424,233 $50,833 $475,066
OMER MOIN MD EMERGENCY DEPARTMENT CHIEF 40.0
Highest
$432,582 $600 $433,182
LISA CRUTCHFIELD CORP ASST SEC/CHRO HR 50.0
Officer
$331,769 $29,115 $360,884
EDUARDO HADDAD MD TRUSTEE 1.0
Director
$312,000 $0 $312,000
ABHA AGRAWAL PRES. & CEO (AS OF 01/2024) 50.0
Officer Director
$0 $0 $0
ROSEMARIE DAY CHAIRMAN (AS OF 12/2023) 1.0
Officer Director
$0 $0 $0
MICHAEL MANCUSO CHAIRMAN (UNTIL 12/2023) 1.0
Officer Director
$0 $0 $0
DAN RIVERA VICE CHAIRMAN (AS OF 12/2023) 1.0
Officer Director
$0 $0 $0
LAUREL SWEENEY TREASURER 1.0
Officer Director
$0 $0 $0
CAROL POWERS SEC./CLERK (AS OF 12/2023) 1.0
Officer Director
$0 $0 $0
JOSE CRUZ TRUSTEE (AS OF 12/2023) 1.0
Director
$0 $0 $0
LANE GLENN TRUSTEE (UNTIL 12/2023) 1.0
Director
$0 $0 $0
BRENDEN HAYDEN TRUSTEE (AS OF 12/2023) 1.0
Director
$0 $0 $0
MARK JOHNSON SEC./CLERK (UNTIL 12/2023) 1.0
Officer Director
$0 $0 $0
VILMA MARTINEZ TRUSTEE (AS OF 12/2023) 1.0
Director
$0 $0 $0
GLENN NEWSOME TRUSTEE 1.0
Director
$0 $0 $0
MARIANNE PALEY NADEL TRUSTEE 1.0
Director
$0 $0 $0
SHALIMAR QUILES TRUSTEE (UNTIL 12/2023) 1.0
Director
$0 $0 $0
JOYCE SHANNON TRUSTEE 1.0
Director
$0 $0 $0
MICHAEL SKLAR TRUSTEE (AS OF 12/2023) 1.0
Director
$0 $0 $0
WILLIAM WALL TRUSTEE (UNTIL 12/2023) 1.0
Director
$0 $0 $0
CYNTHIA FITZGERALD INTERIM CFO (AS OF 08/2024) 50.0
Officer
$0 $0 $0
ERNEST FUSARO INTERIM CFO (06/24 - 08/24) 50.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $331,949,000 $341,230,681 $299,270,124 $-9,281,681
2023 $340,785,024 $345,497,323 $271,133,465 $-4,712,299
2022 $315,270,170 $324,520,828 $273,391,280 $-9,250,658
2021 $317,528,046 $326,348,281 $303,928,617 $-8,820,235
2020 $287,775,852 $299,696,926 $322,203,722 $-11,921,074
2019 $261,898,731 $266,009,374 $264,797,940 $-4,110,643
2018 $254,560,981 $252,532,923 $249,014,640 $2,028,058
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