LICKING MEMORIAL HEALTH SYSTEMS

EIN: 311096218 501(c)(3)

NEWARK, OH

Total Revenue
N/A
Total Expenses
N/A
Total Assets
$279,212,582
Net Assets
$279,212,582
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
OH
Principal Officer
ROBERT MONTAGNESE
Phone
2205644000
Tax Period
2023-01-01 to 2023-12-31

Mission

LICKING MEMORIAL HEALTH SYSTEMS EXISTS TO IMPROVE THE HEALTH OF THE COMMUNITY.

Program Service Accomplishments

Program 1

IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. FURTHER, WE BELIEVE OUR PURPOSE IS TO SERVE THE COMMUNITY BY PROVIDING HEALTHCARE SERVICES AND...

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IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. FURTHER, WE BELIEVE OUR PURPOSE IS TO SERVE THE COMMUNITY BY PROVIDING HEALTHCARE SERVICES AND EDUCATION. THEREFORE, IN KEEPING WITH OUR COMMITMENT TO SERVE ALL MEMBERS OF THE COMMUNITY, WE PROVIDE: FREE CARE AND/OR SUBSIDIZED CARE CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS BELOW COST HEALTH ACTIVITIES AND PROGRAMS FREE-OF-CHARGE TO THE COMMUNITYTHE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, AND SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, AND MEDICALLY UNDERSERVED.LMH SERVED 7,732 INPATIENTS AND 823 NEWBORNS FOR A TOTAL OF 31,892 PATIENT DAYS, AND PROVIDED SERVICES TO 360,152 OUTPATIENTS IN 2023.ADDITIONALLY, LMH PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS, BELOW COST IN MANY CASES. TO THE EXTENT REIMBURSEMENT IS BELOW CHARGES, LMH CONSIDERS THESE AMOUNTS TO BE CONTRACTUAL ADJUSTMENTS, WHICH WILL NEVER BE COLLECTED. THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS AMOUNTED TO $525,807,000 IN 2023.UNCOMPENSATED CARE IS PROVIDED THROUGH MANY REDUCED PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES LMH BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED. THE HOSPITAL ROUTINELY PROVIDES UNCOMPENSATED CARE TO PATIENTS WHO ARE UNWILLING OR UNABLE TO PAY THEIR HOSPITAL BILLS. IN 2023, LMH WROTE OFF CHARGES OF APPROXIMATELY $25,046,000 IN BAD DEBTS AND $8,392,000 IN CHARITY CARE.LMHP PROVIDES HEALTHCARE SERVICES WITHOUT REGARD TO A PATIENT'S RACE, CREED, GENDER, DISABILITY, ETHNICITY, AGE, RELIGION, CITIZENSHIP, NATIONAL ORIGIN OR SOURCES OF PAYMENT FOR CARE. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF LMHP, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. FURTHER, WE BELIEVE OUR ROLE IS TO SERVE ALL MEMBERS OF THE COMMUNITY WITH RESPECT TO PROVIDING HEALTHCARE SERVICES AND EDUCATION. THEREFORE, IN KEEPING WITH THAT COMMITMENT TO SERVE ALL MEMBERS OF THE COMMUNITY, WE PROVIDED THE COMMUNITY SERVICES AND EDUCATIONAL PROGRAMS NOTED ON THE FOLLOWING PAGES, MANY OF WHICH WERE FREE OF CHARGE.ADDITIONALLY, LMHP PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS, BELOW COST IN MANY CASES. TO THE EXTENT REIMBURSEMENT IS BELOW CHARGES, LMHP CONSIDERS THESE AMOUNTS TO BE CONTRACTUAL ADJUSTMENTS, WHICH WILL NEVER BE COLLECTED. THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS AMOUNTED TO $36,681,000 OF CHARGES IN 2023.UNCOMPENSATED CARE IS PROVIDED THROUGH MANY REDUCED PRICED SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES LMHP BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED. LMHP ROUTINELY PROVIDES UNCOMPENSATED CARE TO PATIENTS WHO ARE UNWILLING OR UNABLE TO PAY THEIR BILLS. IN 2023, LMHP WROTE OFF CHARGES OF APPROXIMATELY $3,155,000 OF CHARGES IN BAD DEBTS AND $708,000 OF CHARGES IN CHARITY CARE.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue N/A N/A N/A
Expenses N/A N/A N/A
Net Income N/A $0 N/A
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
2
$1,276,964
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT MONTAGNESE PRESIDENT & CEO, EX OFFICI 1.30
Officer
$0 $49,933 $926,607
CINDY WEBSTER VP FINANCIAL SERVICES 1.30
Officer
$0 $19,926 $350,357
NANCY NEELY CHAIR 1.30
Director
$0 $0 $0
MICHAEL J MASSARO VICE CHAIR 1.30
Director
$0 $0 $0
CRAIG R BALDWIN SECRETARY/TREASURER 1.30
Director
$0 $0 $0
PATRICK D GUANCIALE CHAIR (PARTIAL YEAR) 1.30
Director
$0 $0 $0
JOYCE L MALAINY DIRECTOR 1.30
Director
$0 $0 $0
BRIAN J MORTELLARO DIRECTOR 1.30
Director
$0 $0 $0
DAVID DONEY DIRECTOR 1.30
Director
$0 $0 $0
JACQUILINE H PARRILL DIRECTOR 1.30
Director
$0 $0 $0
DANIEL HUNT DIRECTOR 1.30
Director
$0 $0 $0
CHRISTOPHER MEYER DIRECTOR 1.30
Director
$0 $0 $0
ESCHOL CURL JR DIRECTOR (PARTIAL YEAR) 1.30
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 No data No data No data No data
2023 No data No data $279,212,582 No data
2022 No data No data $255,890,260 No data
2021 No data No data $258,101,190 No data
2020 No data No data $208,729,925 No data
2019 No data No data $209,005,048 No data
2018 No data No data $188,233,167 No data
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