LIMA MEMORIAL PROFESSIONAL CORPORATION (EIN 341935236) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

MICHAEL D SWICK

Phone

4192283335

Tax Period

2024-01-01 to 2024-12-31

LIMA MEMORIAL PROFESSIONAL CORPORATION, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $32.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $55.6M exceeded revenue, resulting in a 72% operating deficit.

Mission

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,250,414

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,250,414

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $40,138,185

Fundraising Expenses $0

Program Expenses $54,977,401

Other Expenses $15,451,211

TOTAL EXPENSES $55,609,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,250,414	$29,518,790	+0.1%
Expenses	$55,609,396	$49,870,900	+0.1%
Net Income	$-23,358,982	$-20,352,110	+0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

141

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

$1,511,903

Total Directors

$3,903,150

Key Employees

$1,243,328

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY HEFFNER MD	BOARD MEMBER (SEE SCH J)	50.00	Director	$833,746	$44,332	$878,078
MASROOR ABRO MD	BOARD MEMBER (SEE SCH J)	50.00	Director	$880,569	$49,727	$930,296
G ALLEN BRYANT	BOARD MEMBER (SEE SCH J)	50.00	Director	$201,447	$28,270	$229,717
ERIC MILLER DPM	BOARD MEMBER (SEE SCH J)	50.00	Director	$387,761	$33,875	$421,636
SUSAN KAUFMAN	BOARD MEMBER (SEE SCH J)	50.00	Director	$0	$118,193	$575,537
JAMES DOONE MD	BOARD MEMBER (SEE SCH J)	50.00	Director	$219,348	$17,094	$236,442
JENNIFER MAAG	BOARD MEMBER (SEE SCH J)	50.00	Director	$268,572	$36,776	$305,348
CHERYL WAYMAN PA-C	BOARD MEMBER (SEE SCH J)	50.00	Director	$159,140	$20,779	$179,919
MICHAEL KERRIGAN CNP	BOARD MEMBER (SEE SCH J)	50.00	Director	$114,037	$32,140	$146,177
TRACIE SANCHEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
PRAVEEN MALHOTRA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL D SWICK	PRESIDENT/CEO (SEE SCH J)	6.00	Officer	$0	$110,327	$921,592
ERIC D POHJALA	VP/CFO (SEE SCH J)	6.00	Officer	$0	$44,421	$590,311
ROBERT E ARMSTRONG JR	BOARD MEMBER (SEE SCH J)	10.00	Key Emp	$0	$35,951	$873,706
ANN-MARIE JEAN POHL	VP/CNO (SEE SCH J) EX-OFFICIO	1.00	Key Emp	$0	$25,279	$369,622
JEFFREY LOBEL	PHYSICIAN (SEE SCH J)	40.00	Highest	$1,404,156	$52,721	$1,456,877
VENKAT R BATTULA	PHYSICIAN (SEE SCH J)	40.00	Highest	$1,163,400	$155,227	$1,318,627
PAUL N ANIKE	PHYSICIAN (SEE SCH J)	40.00	Highest	$1,163,967	$105,227	$1,269,194
MEHRAN ARABPOUR	PHYSICIAN (SEE SCH J)	40.00	Highest	$1,020,806	$63,423	$1,084,229
ZANE DEAN	PHYSICIAN (SEE SCH J)	40.00	Highest	$965,858	$53,879	$1,019,737

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	$32,250,414	$55,609,396	$10,504,762	$-23,358,982
2023	$29,518,790	$49,870,900	$9,636,079	$-20,352,110
2022	$30,638,576	$48,592,101	$8,208,300	$-17,953,525
2021	$36,005,675	$63,647,888	$8,960,114	$-27,642,213
2020	$32,249,326	$58,073,944	$7,572,522	$-25,824,618
2019	$32,700,526	$56,557,276	$8,124,033	$-23,856,750
2018	$31,621,295	$49,390,104	$6,935,396	$-17,768,809

LIMA MEMORIAL PROFESSIONAL CORPORATION