LIMA MEMORIAL FOUNDATION (EIN 341707570) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

MICHAEL D SWICK

Phone

4192265073

Tax Period

2023-01-01 to 2023-12-31

LIMA MEMORIAL FOUNDATION, founded in 1993, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.9M, a strong 93% operating margin.

Mission

THE MISSION OF THE LIMA MEMORIAL FOUNDATION IS TO PROVIDE QUALITY HEALTH CARE THROUGH PHILANTHROPY TO THE COMMUNITIES WHICH LIMA MEMORIAL HEALTH SYSTEM SERVES.

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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 $1,929,953

Program Service Revenue $0

Investment Income $266,526

Other Revenue $-158,385

TOTAL REVENUE $2,038,094

Expense Breakdown

Grants Paid $105,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,000

Other Expenses $31,793

TOTAL EXPENSES $136,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,038,094	$2,109,130	0.0%
Expenses	$136,793	$108,494	+0.3%
Net Income	$1,901,301	$2,000,636	0.0%

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

N/A

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

$1,674,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SWICK	BOARD MEMBER/LMH CEO	1.00	Director	$0	$129,892	$948,238
LYNN CARPENTER	VP/LMH COO	1.00	Director	$0	$42,504	$365,318
SCOTT SHUTT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE ROMEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JANICE M VONDEREMBSE	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC WEICHART	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSS DECKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HARSH	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL TIMMERMEISTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY COWAN-MEAS	BOARD MEMBER	1.00	Director	$0	$0	$0
PRAVEEN MALHOTRA	BOARD MEMBER	1.00	Director	$0	$0	$0
CLYDE RAUCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET HAWK	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
AMY KENTNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM RECTOR	SECRETARY	1.00	Officer Director	$0	$0	$0
BETSY WINGET	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS MORRIS MD	BOARD MEMBER/LMH CMO	1.00	Director	$0	$2,257	$361,102
KERRI ROMES	BOARD MEMBER	1.00	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	$2,038,094	$136,793	$9,851,253	$1,901,301
2022	$2,109,130	$108,494	$8,361,306	$2,000,636
2021	$2,391,073	$68,417	$10,402,658	$2,322,656
2020	$1,725,542	$64,974	$9,203,234	$1,660,568
2019	$1,496,576	$56,939	$9,977,734	$1,439,637
2018	$2,057,660	$53,556	$7,679,017	$2,004,104

LIMA MEMORIAL FOUNDATION