LICKING MEMORIAL HOSPITAL

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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

1898

Legal Domicile

Principal Officer

ROBERT A MONTAGNESE

Phone

2205644528

Tax Period

2024-01-01 to 2024-12-31

LICKING MEMORIAL HOSPITAL, founded in 1898, is a major nonprofit in the Health Care sector that reported $399.2M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73.5M, a strong 18% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $304,431,099 Revenue: $394,192,359

HEALTH ACTIVITIES AND PROGRAMS FREE-OF-CHARGE TO THE COMMUNITY.THE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, AND SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, AND MEDICALLY UNDERSERVED.LMH SERVED 7,667 INPATIENTS AND 825 NEWBORNS FOR A TOTAL OF 31,305 PATIENT DAYS AND PROVIDED SERVICES TO 391,537 OUTPATIENTS IN 2024.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 $562,193,000 IN 2024.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. LMH ROUTINELY PROVIDES UNCOMPENSATED CARE TO PATIENTS WHO ARE UNWILLING OR UNABLE TO PAY THEIR HOSPITAL BILLS. IN 2024, LMH WROTE OFF CHARGES OF APPROXIMATELY $33,028,000 IN BAD DEBTS AND $7,574,000 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 (2024)

Revenue Breakdown

Contributions & Grants $18,693

Program Service Revenue $390,303,036

Investment Income $2,963,204

Other Revenue $5,914,938

TOTAL REVENUE $399,199,871

Expense Breakdown

Grants Paid $700,063

Salaries & Benefits $161,359,533

Fundraising Expenses $0

Program Expenses $304,431,099

Other Expenses $163,675,951

TOTAL EXPENSES $325,735,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,199,871	$317,635,537	+0.3%
Expenses	$325,735,547	$296,497,436	+0.1%
Net Income	$73,464,324	$21,138,101	+2.5%

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

2387

Volunteers

214

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

$1,571,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUELINE H PARRILL EDD	CHAIR	1.30	Officer Director	$0	$0	$0
JAMES R COOPER	VICE CHAIR	1.30	Officer Director	$0	$0	$0
SHARAD THAKKAR	DIRECTOR	1.30	Director	$0	$0	$0
JIM L WARD	DIRECTOR	1.30	Director	$0	$0	$0
MARCIA DOWNES	SECRETARY	1.30	Officer Director	$0	$0	$0
C DANIEL HAYES	DIRECTOR	1.30	Director	$0	$0	$0
SCOTT HAYES	DIRECTOR (THRU 04/24)	1.30	Director	$0	$0	$0
ALEXANDER MILLER	DIRECTOR (THRU 04/24)	1.30	Director	$0	$0	$0
MARK MITCHELL MD	DIRECTOR	1.30	Director	$0	$0	$0
CHARLES MOORE	DIRECTOR	1.30	Director	$0	$0	$0
DANA MOORE	DIRECTOR (FROM 04/24)	1.30	Director	$0	$0	$0
KONROD MORRIS	DIRECTOR (FROM 04/24)	1.30	Director	$0	$0	$0
JENNIFER ROBERTS	DIRECTOR (FROM 04/24)	1.30	Director	$0	$0	$0
KATHERINE C SNYDER PHD	DIRECTOR (FROM 04/24)	1.30	Director	$0	$0	$0
PAUL M THOMPSON	TREASURER (THRU 04/24)	1.30	Officer Director	$0	$0	$0
JACK A TREINISH JR	DIRECTOR	1.30	Director	$0	$0	$0
PHILIP H WAGNER PHD	DIRECTOR	1.30	Director	$0	$0	$0
JAY YOUNG	TREASURER (FROM 04/2024)	1.30	Officer Director	$0	$0	$0
ROBERT MONTAGNESE	PRESIDENT & CEO	41.70	Officer	$929,719	$259,227	$1,188,946
CINDY WEBSTER	VP, FINANCIAL SERVICES	41.70	Officer	$349,321	$32,931	$382,252
BENJAMIN BROYLES	VP, COMMUNITY HEALTH & WELLNESS	52.00	Highest	$262,306	$53,359	$315,665
HEATHER BURKHART	VP, ACUTE CARE SERVICES	52.00	Highest	$285,167	$54,700	$339,867
CRAIG CAIRNS	VP, MEDICAL AFFAIRS	52.00	Highest	$388,412	$25,932	$414,344
VERONICA PATTON	VP, DEVELOPMENT & PR	15.40	Highest	$280,639	$21,529	$302,168
HOLLY SLAUGHTER	VP, HR & SUPPORT SERVICES	52.00	Highest	$269,888	$11,959	$281,847

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	$399,199,871	$325,735,547	$227,954,090	$73,464,324
2023	$317,635,537	$296,497,436	$189,836,889	$21,138,101
2022	$331,971,487	$278,962,578	$192,905,009	$53,008,909
2021	$329,143,121	$271,877,482	$197,027,298	$57,265,639
2020	$297,094,577	$239,465,484	$196,640,246	$57,629,093
2019	$285,617,348	$227,004,134	$174,875,817	$58,613,214
2018	$268,857,925	$216,409,829	$167,338,286	$52,448,096