Lakeland, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Lakeland Regional Medical Center Foundation Inc, founded in 1981, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $45.3M represent 198 months of operating reserves.
The Lakeland Regional Health Foundation was created to ensure that additional resources are always available for the services that make Lakeland Regional Health (LRH) the healthcare provider of choice for Lakeland, Polk County and the surrounding communities. The Foundation provides for the important extras that make LRH special and frequently for the advances that keep LRH on the leading edge of care and technology.The Foundation's philosophy is one of involved, empowered philanthropy as we encourage donors: -To be hands on -To learn about and continue to follow the impact of their gifts -To help drive future philanthropy programs -To be partners with the Foundation in building awareness and in helping to improve community health
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,741,180 | $4,007,852 | -0.3% |
| Expenses | $2,898,684 | $5,343,976 | -0.5% |
| Net Income | $-157,504 | $-1,336,124 | -0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Brad Crenshaw | Past Chair | 1.00 |
Director
|
$0 | $0 | $0 |
| Robert Sorenson Jr | Chair | 1.00 |
Director
|
$0 | $0 | $0 |
| Lance Green | Secretary/Treasurer | 1.00 |
Officer
Director
|
$0 | $148,152 | $895,292 |
| Nolen Bailey | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ashley Barnett | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Dr Donna Bhisitkul | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Michael DelBovo Sr | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Gregory Fancelli | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Justin Hollis | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Hamilton Hooks | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kim McKeel | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jaimi Miller | Vice Chair | 1.00 |
Director
|
$0 | $0 | $0 |
| Kathleen Munson | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| E Blake Paul | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Dennis Odisho | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ashley Troutman | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Danielle Drummond | President/CEO of LRHS | 1.00 |
Officer
Director
|
$0 | $222,548 | $1,514,784 |
| Timothy Boynton | SVP - Development/Chief Public Relations and Commu | 1.00 |
Key Emp
|
$0 | $99,934 | $541,239 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,741,180 | $2,898,684 | $45,532,088 | $-157,504 |
| 2023 | $4,007,852 | $5,343,976 | $42,615,155 | $-1,336,124 |
| 2022 | $10,634,946 | $7,240,994 | $42,215,145 | $3,393,952 |
| 2021 | $10,633,675 | $12,821,771 | $42,454,148 | $-2,188,096 |
| 2020 | $2,326,507 | $6,461,133 | $42,326,147 | $-4,134,626 |
| 2019 | $5,993,230 | $6,589,305 | $46,334,327 | $-596,075 |
| 2018 | $12,179,840 | $6,467,980 | $47,159,346 | $5,711,860 |
Compare Lakeland Regional Medical Center Foundation Inc with other nonprofits in Florida and across the country.