LIMA MEMORIAL JOINT OPERATING COMPANY

EIN: 341883284 501(c)(3) Health Care

LIMA, OH

Total Revenue
$297,520,103
Total Expenses
$277,790,859
Total Assets
$564,316,732
Net Assets
$448,828,888
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Organization Details

Formation Year
1999
Legal Domicile
OH
Principal Officer
MICHAEL D SWICK
Phone
4192283335
Tax Period
2023-01-01 to 2023-12-31

LIMA MEMORIAL JOINT OPERATING COMPANY, founded in 1999, is a major nonprofit in the Health Care sector that reported $297.5M in total revenue in fiscal year 2023. Expenses of $277.8M left a modest 7% surplus.

Mission

WE ARE HERE TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES THROUGH COMPREHENSIVE HEALTH SERVICES.

Program Service Accomplishments

Program 1
Expenses: $221,370,520 Revenue: $292,010,705

AS ONE OF THE LARGEST NOT-FOR-PROFIT HEALTHCARE ORGANIZATIONS IN WEST CENTRAL OHIO, LIMA MEMORIAL HEALTH SYSTEM IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN OUR COMMUNITIES THROUGH COMPREHENSIVE...

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AS ONE OF THE LARGEST NOT-FOR-PROFIT HEALTHCARE ORGANIZATIONS IN WEST CENTRAL OHIO, LIMA MEMORIAL HEALTH SYSTEM IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN OUR COMMUNITIES THROUGH COMPREHENSIVE HEALTH SERVICES.LIMA MEMORIAL IS CONTINUALLY IMPROVING ITS SERVICES AND FACILITIES BY KEEPING UP WITH THE LATEST TECHNOLOGIES, PROVIDING CONTINUING EDUCATION TO OUR HEALTHCARE TEAM AND UPDATING OUR FACILITIES. OUR PATIENT SATISFACTION NUMBERS CONTINUE TO IMPROVE AND WE CONTINUALLY ACHIEVE QUALITY SCORES THAT ARE BETTER THAN STATE AND NATIONAL AVERAGES.THE HEALTH SYSTEM PROVIDES COMPREHENSIVE HEALTHCARE THAT ALLOWS US TO CARE FOR PATIENTS FROM BIRTH THROUGH ELDER YEARS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO:- 24-HOUR EMERGENCY SERVICES INCLUDING LEVEL II TRAUMA- ACCREDITED CHEST PAIN CENTER- THE HEART AND VASCULAR INSTITUTE- COMMISSION ON CANCER ACCREDITED CANCER INSTITUTE- ORTHOPEDICS- OBSTETRICS, LEVEL II NURSERY AND PEDIATRICS- WOMEN'S HEALTH CENTER- ROBOTIC SURGERY PROGRAM- DIAGNOSTIC & IMAGING- LABORATORY- INPATIENT AND OUTPATIENT REHABILITATION SERVICES- NEUROSCIENCE PROGRAM- UROLOGYIN 2023, LIMA MEMORIAL CONTRIBUTED AN ESTIMATED $31 MILLION IN COMMUNITY VALUE IN TERMS OF COMMUNITY BENEFIT EXPENDITURES, CHARITY CARE AND GOVERNMENT-SPONSORED HEALTH CARE. THIS NUMBER NOT ONLY INDICATES OUR COMMITMENT TO OUR COMMUNITIES, BUT ALSO FULFILLS OUR PURPOSE AS A NOT-FOR-PROFIT ORGANIZATION BY POSITIVELY IMPACTING THE MEMBERS OF THE COMMUNITIES THAT WE SERVE. THOUSANDS OF PEOPLE HAVE BENEFITED FROM THE COMPASSIONATE CARE AND EXPERTISE OF OUR PHYSICIANS, NURSES, ASSOCIATES AND VOLUNTEERS.EXAMPLES OF PROGRAMS BENEFITING THE BROADER COMMUNITY INCLUDE, BUT ARE NOT LIMITED TO:- EMS OUTREACH & EDUCATION- GO RED - HEART HEALTH AWARENESS CAMPAIGN- COLORECTAL AWARENESS CAMPAIGN- JOURNEY TO REMEMBER RAISED FUNDS FOR THE HEART PROGRAM- BREAST CANCER AWARENESS CAMPAIGN- KIDS CLINIC FOR CHILDREN WHO HAVE BEEN SEXUALLY ABUSED- CHILDREN'S DEVELOPMENTAL CENTER SUPPORT- BABY FAIR- CHEST PAIN CENTER- BONE DENSITY SCREENINGS- CARDIAC RISK ASSESSMENT SCREENINGS- PROSTATE CANCER AWARENESS CAMPAIGN & SCREENINGS- KIDNEY DISEASE SCREENINGS- SKIN CANCER SCREENINGS- CANCER RESOURCE CENTER- MEDICARE ELIGIBILITY PROGRAM- BREAST CANCER SURVIVOR SUPPORT GROUP- MENDED HEARTS SUPPORT GROUP- FAMILY BIRTH EDUCATION & CLINICS- DIABETIC EDUCATION- WOMEN'S RESOURCE CENTER- CONGESTIVE HEART FAILURE CLINIC- TV AND RADIO PSAS- BREASTFEEDING CLASS AND CLINIC- SMOKING CESSATION- COMMUNITY BLOOD DRIVESAS HEALTHCARE CONTINUES TO CHANGE, LIMA MEMORIAL WILL CONTINUE TO PROVIDE THE HIGHEST QUALITY OF CARE IN A FAMILY ATMOSPHERE TO OUR PATIENTS BY CONTINUALLY ADVANCING OUR SERVICES AND FACILITIES. IN ADDITION, THE HEALTH SYSTEM SUPPORTS OUR COMMUNITIES, NOT ONLY THROUGH COMPREHENSIVE HEALTHCARE, BUT THROUGH OUTREACH ACTIVITIES SUCH AS HEALTHCARE AWARENESS AND PREVENTION PROGRAMS, FREE PUBLIC HEALTH SCREENINGS, FINANCIAL SUPPORT FOR MANY COMMUNITY NON-PROFIT ORGANIZATIONS, AND OUTREACH TO THE UNDERSERVED.COMMUNITY BENEFIT DEFINITIONSLIMA MEMORIAL HEALTH SYSTEM'S 2020 COMMUNITY BENEFIT REPORT WAS PREPARED IN ACCORDANCE WITH THE REPORTING GUIDELINES PUBLISHED BY THE CATHOLIC HEALTH ASSOCIATION. COMMUNITY BENEFITS REPORTED BY THE HEALTH SYSTEM RESPOND TO AN IDENTIFIED COMMUNITY NEED AND MEET AT LEAST ONE OF THE FOLLOWING CRITERIA:- GENERATE A LOW OR NEGATIVE MARGIN;- RESPOND TO THE NEEDS OF SPECIAL POPULATIONS, SUCH AS MINORITIES, FRAIL, ELDERLY, POOR PERSONS WITH DISABILITIES, THE CHRONICALLY MENTALLY ILL, AND PERSONS WITH AIDS; AND-SUPPLY SERVICES OR PROGRAMS THAT WOULD LIKELY BE DISCONTINUED IF THE DECISION WERE MADE ON A PURELY FINANCIAL BASIS.THESE SERVICES INCLUDE:- COMMUNITY HEALTH SERVICES- HEALTH PROFESSIONS EDUCATION- SUBSIDIZED HEALTH SERVICES- RESEARCH ACTIVITIES- FINANCIAL CONTRIBUTIONS- COMMUNITY BUILDING ACTIVITIES- COMMUNITY BENEFIT OPERATIONS- COST OF CHARITY CARE- GOVERNMENT SPONSORED HEALTH CARE

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Trantor Score

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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 $292,248,769
Investment Income $4,453,805
Other Revenue $817,529
TOTAL REVENUE $297,520,103

Expense Breakdown

Grants Paid $71,026
Salaries & Benefits $127,768,511
Fundraising Expenses $212,119
Program Expenses $221,370,520
Other Expenses $149,951,322
TOTAL EXPENSES $277,790,859

Year-over-Year Comparison

2023 2022 Change
Revenue $297,520,103 $291,840,226 +0.0%
Expenses $277,790,859 $257,732,854 +0.1%
Net Income $19,729,244 $34,107,372 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
1976
Volunteers
304

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
6
$1,313,556
Total Directors
12
$0
Key Employees
2
$878,472
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN H JOHNSON CHAIR 1.00
Officer Director
$0 $0 $0
PHILLIP R BUELL TREASURER 1.00
Officer Director
$0 $0 $0
R GRIFFIN JULIUS VICE-CHAIR 1.00
Officer Director
$0 $0 $0
MARA RENDINA SECRETARY 1.00
Officer Director
$0 $0 $0
CYNTHIA E SPIERS BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES F BLAIR BOARD MEMBER 1.00
Director
$0 $0 $0
PRAVEEN K MALHOTRA BOARD MEMBER 1.00
Director
$0 $0 $0
CLYDE R RAUCH BOARD MEMBER 1.00
Director
$0 $0 $0
TRACIE J SANCHEZ BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT L SHUTT BOARD MEMBER 1.00
Director
$0 $0 $0
DEBI BROBST BOARD MEMBER 1.00
Director
$0 $0 $0
JANE M WOOD BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL D SWICK PRESIDENT/CEO (SEE SCH J) 44.00
Officer
$818,346 $129,892 $948,238
LYNN M CARPENTER VICE PRESIDENT/COO (SEE SCH J) 40.00
Officer
$322,814 $42,504 $365,318
ERIC POHJALA VP OF FINANCE/CFO (SEE SCH J) 40.00
Key Emp
$454,334 $60,625 $514,959
SUSAN KAUFMAN DO VP OF MEDICAL AFFAIRS (SEE SCH J) 30.00
Key Emp
$358,846 $4,667 $363,513
DENNIS E MORRIS PRN COURIER 40.00
Highest
$358,845 $2,257 $361,102
JOSHUA L HINES EXECUTIVE DIRECTOR - INFORMATION TECHNOLOGY 40.00
Highest
$279,509 $16,554 $296,063
BRETT A RANDOLPH DIRECTOR OF PHARMACY CARE TRAN 40.00
Highest
$215,657 $21,233 $236,890
BURLIN L SHERRICK EXECUTIVE DIRECTOR - ANCILLARY SERVICES 40.00
Highest
$180,610 $16,828 $197,438
TINA M VERHOFF DIRECTOR - HUMAN RESOURCES 40.00
Highest
$175,522 $9,617 $185,139
ROBERT E ARMSTRONG JR SENIOR VP/CAO (SEE SCH J) 40.00
$466,408 $67,235 $533,643
ANN-MARIE JEAN POHL VICE PRESIDENT/CNO (SEE SCH J) 50.00
$346,650 $30,140 $376,790
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 $297,520,103 $277,790,859 $564,316,732 $19,729,244
2022 $291,840,226 $257,732,854 $536,035,911 $34,107,372
2021 $279,061,376 $222,490,359 $544,714,606 $56,571,017
2020 $230,134,222 $201,047,959 $495,750,474 $29,086,263
2019 $222,586,027 $192,551,195 $429,771,985 $30,034,832
2018 $208,560,166 $184,745,906 $362,222,741 $23,814,260
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