LIMA, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
WE ARE HERE TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES THROUGH COMPREHENSIVE HEALTH SERVICES.
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...
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
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare LIMA MEMORIAL JOINT OPERATING COMPANY with other nonprofits in Ohio and across the country.