LICKING MEMORIAL HEALTH PROFESSION… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

ROBERT MONTAGNESE

Phone

2205644528

Tax Period

2023-01-01 to 2023-12-31

LICKING MEMORIAL HEALTH PROFESSIONALS, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $53.0M in total revenue in fiscal year 2023. Expenses of $110.1M exceeded revenue, resulting in a 108% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $102,971,037 Revenue: $52,984,954

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...

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 PRICE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $51,776,794

Investment Income $48,502

Other Revenue $1,208,160

TOTAL REVENUE $53,033,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,231,393

Fundraising Expenses $0

Program Expenses $102,971,037

Other Expenses $22,825,994

TOTAL EXPENSES $110,057,387

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,033,456	$50,481,959	+0.1%
Expenses	$110,057,387	$102,763,876	+0.1%
Net Income	$-57,023,931	$-52,281,917	+0.1%

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

514

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

$1,592,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HASSAN RAJJOUB MD	HEART SPECIALIST	40.00	Highest	$1,505,600	$58,896	$1,564,496
ROY BROWN MD	UROLOGIST	40.00	Highest	$1,265,692	$55,477	$1,321,169
ROBERT MUELLER MD	ORTHOPEDIC SURGEON	40.00	Highest	$1,115,548	$53,337	$1,168,885
ANDREW TERLECKY MD	ORTHOPEDIC SURGEON	40.00	Highest	$973,080	$51,307	$1,024,387
ROBERT MONTAGNESE	PRESIDENT & CEO, EX OFFICI	8.00	Officer	$0	$49,933	$926,607
KEVIN OUWELEEN MD	ORTHOPEDIC SURGEON	40.00	Highest	$874,421	$49,901	$924,322
CINDY WEBSTER	VP FINANCIAL SERVICES	8.00	Officer	$0	$19,926	$350,357
GREG WALLIS	VP PHYSICIAN PRACTICES	40.00	Officer	$274,622	$41,354	$315,976
NANCY NEELY	CHAIR	1.30	Director	$0	$0	$0
MICHAEL MASSARO	VICE CHAIR	1.30	Director	$0	$0	$0
CRAIG R BALDWIN	SECRETARY/TREASURER	1.30	Director	$0	$0	$0
VERONICA PATTON	ASSISTANT SECRETARY	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 E DONEY	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
PATRICK D GUANCIALE	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	$53,033,456	$110,057,387	$25,167,306	$-57,023,931
2022	$50,481,959	$102,763,876	$21,796,673	$-52,281,917
2021	$47,650,568	$97,865,482	$22,762,276	$-50,214,914
2020	$44,435,108	$92,845,548	$18,388,040	$-48,410,440
2019	$46,183,043	$92,603,425	$17,993,143	$-46,420,382
2018	$43,931,600	$85,917,318	$16,859,948	$-41,985,718

LICKING MEMORIAL HEALTH PROFESSIONALS