LEE MEMORIAL HOSPITAL INC

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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

1916

Legal Domicile

Principal Officer

JOHN NOLAND

Phone

2394155100

Tax Period

2023-10-01 to 2024-09-30

LEE MEMORIAL HOSPITAL INC, founded in 1916, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2023.

Mission

TO COOPERATE WITH LEE MEMORIAL HEALTH SYSTEM (LMHS OR LH) AND CYPRESS AT HOME (CAH) IN THEIR MISSIONS TO PROVIDE HEALTHCARE SERVICES TO RESIDENTS OF SOUTHWEST FLORIDA AND TO COOPERATE WITH CYPRESS COVE AT HEALTHPARK FLORIDA, INC. (CCHPF) (CONTINUED ON SCHEDULE O)IN ITS MISSION TO PROMOTE THE WELL-BEING OF SENIOR CITIZENS RESIDING IN LEE COUNTY FLORIDA AND THE SURROUNDING AREA THROUGH SOUND BUSINESS STEWARDSHIP OF OUR RESOURCES AND BUSINESS ENTERPRISES.

Program Service Accomplishments

Program 1

Expenses: $6,192,711 Revenue: $5,704,193

CAH'S MISSION IS TO PROVIDE INNOVATIVE SOLUTIONS FOR HIGHQUALITY CARE AND SERVICES BY A TRUSTED TEAM OF PROFESSIONALS THAT ENABLES OLDER ADULTS TO THRIVE IN THEIR HOME AND ACHIEVE THEIR HIGHEST...

CAH'S MISSION IS TO PROVIDE INNOVATIVE SOLUTIONS FOR HIGHQUALITY CARE AND SERVICES BY A TRUSTED TEAM OF PROFESSIONALS THAT ENABLES OLDER ADULTS TO THRIVE IN THEIR HOME AND ACHIEVE THEIR HIGHEST POTENTIAL. CAH WORKS WITH SENIORS AND THEIR FAMILIES TO DEVELOP CARE PLANS CUSTOMIZED TO MEET THEIR NEEDS. SERVICES HAVE BEEN DESIGNED TO PROVIDE THE COMPLETE SUPPORT NEEDED TO MAINTAIN SENIORS' INDEPENDENCE AND ALLOW THEM TO AGE SUCCESSFULLY AND SAFELY IN THEIR OWN HOME. CARE MANAGEMENT SERVICES PROVIDE AGING LIFE CARE PROFESSIONALS TO WORK WITH OLDER ADULTS AND THEIR FAMILIES AS PERSONAL CARE MANAGERS, DEVELOPING PLANS FOR SUPPORT AND OVERSEEING ITS DELIVERY. HOME CARE SERVICES INCLUDE HOME CARE AIDES AND NURSING SPECIALISTS TO PROVIDE A RANGE OF SERVICES FROM COMPANIONSHIP AND HOUSEKEEPING TO (CONTINUED ON SCHEDULE O) ONE-ON-ONE MEDICAL CARE. MEDICAL CARE SERIVICES PROVIDE QUALITY CARE FROM ACCREDITED CARE PROVIDERS THROUGH IN-OFFICE, IN-HOME AND VIRTUAL-BASED VISITS. HOME HEALTH SERVICES PROVIDE ONE-ON-ONE MEDICAL CARE DELIVERED IN HOME, AND DIRECTED BY A CERTIFIED MEDICAL DIRECTOR ALONG WITH HIGHLY TRAINED ON-CALL NURSES THAT ARE AVAILABLE 24 HOURS A DAY, 7 DAYS A WEEK.

Program 2

Expenses: $2,357,182 Revenue: $2,357,182

THIS LEASE SUPPORTS CCHPF, A RELATED 501(C)(3) ORGANIZATION UNDER SECTION 509(A)(2). THE LEASED PROPERTY IS ENTIRELY USED IN A MANNER SUBSTANTIALLY RELATED TO LEE MEMORIAL HOSPITAL, INC.'S (LHR)...

THIS LEASE SUPPORTS CCHPF, A RELATED 501(C)(3) ORGANIZATION UNDER SECTION 509(A)(2). THE LEASED PROPERTY IS ENTIRELY USED IN A MANNER SUBSTANTIALLY RELATED TO LEE MEMORIAL HOSPITAL, INC.'S (LHR) CHARITABLE PURPOSES.

Program 3

Expenses: $108,771 Revenue: $108,771

THE FOLLOWING LEASES SUPPORT LMHS, A SPECIAL DISTRICT CREATED BY SPECIAL ACT OF THE FLORIDA LEGISLATURE THAT OWNS AND OPERATES FOUR ACUTE HOSPITALS AND HAS ALSO BEEN RECOGNIZED TO BE AN ORGANIZATION DESCRIBED BY SECTION 501(C)(3): RENTAL REVENUES WERE $30,016 FOR PORT CHARLOTTE, $54,580 FOR LEHIGH ACRES, AND $24,175 FOR CYPRESS RESOURCE GROUP BUILDING OFFICES, WHERE THE PROPERTY RENTED WAS USED IN A MANNER SUBSTANTIALLY RELATED TO LHR'S CHARITABLE PURPOSES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,170,146

Investment Income $1,932,863

Other Revenue $2,999

TOTAL REVENUE $10,106,008

Expense Breakdown

Grants Paid $115,455

Salaries & Benefits $5,143,763

Fundraising Expenses $0

Program Expenses $8,664,815

Other Expenses $5,124,189

TOTAL EXPENSES $10,383,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,106,008	$9,964,252	+0.0%
Expenses	$10,383,407	$11,331,092	-0.1%
Net Income	$-277,399	$-1,366,840	-0.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

203

Volunteers

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

Total Directors

Key Employees

$183,639

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER S BLUE	CYPRESS AT HOME DIRECTOR OF NURSING	40.00	Highest	$159,341	$21,740	$181,081
JOHN R REED II	ASSOCIATE EXEC. DIRECTOR HOME HEALTH	40.00	Key Emp	$166,426	$17,213	$183,639
JONATHAN A GRADY	CYPRESS AT HOME ADON	40.00	Highest	$119,356	$11,508	$130,864
TISHA M SAYLOR	PHYSICAL THERAPIST	40.00	Highest	$118,431	$8,433	$126,864
JENNIFER MAGAS	PHYSICAL THERAPIST	40.00	Highest	$116,757	$4,094	$120,851
ABRAHAM J THOTTICHIRA	PHYSICAL THERAPIST	40.00	Highest	$111,420	$3,920	$115,340
JOHN NOLAND	CHAIRMAN/CEO/PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD AKIN	VICE CHAIRMAN/VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOE CATTI	TREASURER	2.00	Officer Director	$0	$0	$0
DAWSON MCDANIEL	SECRETARY	2.00	Officer Director	$0	$0	$0
DAN ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
CARL BARRACO	DIRECTOR	2.00	Director	$0	$0	$0
CLAUDIA COWART	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
DOROTHY FITZGERALD	DIRECTOR	2.00	Director	$0	$0	$0
RANDY HENDERSON	DIRECTOR	2.00	Director	$0	$0	$0
RITA MCSHARRY	DIRECTOR	2.00	Director	$0	$0	$0
PAUL NOLAN	DIRECTOR	2.00	Director	$0	$0	$0
TOM SMOOT	DIRECTOR	2.00	Officer Director	$0	$0	$0
BRUCE E STRAYHORN	DIRECTOR	2.00	Officer Director	$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	$10,106,008	$10,383,407	$8,980,425	$-277,399
2023	$9,964,252	$11,331,092	$9,692,916	$-1,366,840
2022	$11,704,109	$16,223,575	$1,823,796	$-4,519,466
2021	$9,017,742	$8,732,344	$12,274,273	$285,398
2020	$12,896,714	$10,837,693	$18,970,676	$2,059,021
2019	$4,936,526	$3,480,812	$19,881,803	$1,455,714
2018	$6,495,830	$3,683,054	$21,717,628	$2,812,776