Lakeland Regional Medical Center Inc (EIN 592650456) - 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

1914

Legal Domicile

Principal Officer

Danielle Drummond

Phone

8636871100

Tax Period

2023-10-01 to 2024-09-30

Lakeland Regional Medical Center Inc, founded in 1914, is a large national nonprofit in the Health Care sector that reported $1.3B in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.2B left a modest 13% surplus.

Mission

Lakeland Regional Health's strategic imperative is to develop as a nationally recognized, fiscally strong and growing collaborative regional health system that improves lives by offering safe, high quality, equitable and affordable healthcare, while demonstrating an equal commitment to the promotion of individual and community health, wellness and disease prevention.

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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 $4,429,517

Program Service Revenue $1,320,002,336

Investment Income $1,260,147

Other Revenue $13,640,000

TOTAL REVENUE $1,339,332,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,041,422

Fundraising Expenses $0

Program Expenses $1,040,155,912

Other Expenses $627,113,629

TOTAL EXPENSES $1,160,155,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,339,332,000	$1,158,223,255	+0.2%
Expenses	$1,160,155,051	$1,039,271,249	+0.1%
Net Income	$179,176,949	$118,952,006	+0.5%

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

7749

Volunteers

188

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

$2,410,076

Total Directors

Key Employees

$9,971,801

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clayton Hollis	Former Chair	1.00	Director	$0	$0	$0
Dale Dreyer	Chair	1.00	Director	$0	$0	$0
John Attaway Jr	Director	1.00	Director	$0	$0	$0
Sylvia Blackmon-Roberts	Vice Chair	1.00	Director	$0	$0	$0
Kimberly Elmhorst	Director	1.00	Director	$0	$0	$0
Ed Garcia MD	Director	1.00	Director	$0	$0	$0
Matt Green	Director	1.00	Director	$0	$0	$0
Jack Harrell III	Director	1.00	Director	$0	$0	$0
Anne Kerr PhD	Director	1.00	Director	$0	$0	$0
Cory Petcoff	Director	1.00	Director	$0	$0	$0
Bill Pou	Director	1.00	Director	$0	$0	$0
Mark Preziosi MD	Director	1.00	Director	$0	$0	$0
Kristen Lowers	Director	1.00	Director	$0	$0	$0
Jeff Chamberlain	Director	1.00	Director	$0	$0	$0
Danielle Drummond	President/Chief Exec. Officer	50.00	Officer	$1,292,236	$222,548	$1,514,784
Lance Green	EVP - Chief Financial Officer	50.00	Officer	$747,140	$148,152	$895,292
Sarah Bhagat	COO/SVP Ambulatory Oper. & Organizations	50.00	Key Emp	$499,232	$110,692	$609,924
Stacy Bolton	SVP - CIO/Chief Technology Officer	50.00	Key Emp	$440,628	$106,120	$546,748
Timothy Boynton	SVP - Development/Chief Public Relations and Commu	50.00	Key Emp	$441,305	$99,934	$541,239
Francisco J Chebly	Executive Director LRH Physician Group	50.00	Key Emp	$552,566	$120,500	$673,066
Scott Dimmick	SVP - Chief Human Resources Officer	50.00	Key Emp	$507,747	$111,628	$619,375
Hal Escowitz	Chief Quality & Medical Informatics Officer	50.00	Key Emp	$600,948	$127,549	$728,497
Graham Greene MD	Medical Director of Surgical and Specialty Service	50.00	Key Emp	$0	$64,826	$827,610
Terry Hamilton	EVP - Chief Operating Officer	50.00	Key Emp	$774,705	$154,560	$929,265
Jonn Hoppe	EVP - Chief Legal Officer	50.00	Key Emp	$735,527	$143,596	$879,123
Ana Kalman	SVP - CIO/Chief Applications Officer	50.00	Key Emp	$488,964	$96,952	$585,916
Deana L Nelson	SVP - Administration & Corporate Priorities	50.00	Key Emp	$486,981	$90,260	$577,241
April Novotny	SVP - Chief Nurse Executive	50.00	Key Emp	$389,719	$96,795	$486,514
Patrick Phillips	SVP - Business Development	50.00	Key Emp	$443,408	$108,421	$551,829
Timothy Regan	President/Chief Medical Officer	50.00	Key Emp	$769,378	$152,630	$922,008
Michael Spake	SVP - External Affairs/Chief Compliance Officer	50.00	Key Emp	$389,574	$103,872	$493,446
Anas Bizanti MD	Physician	50.00	Highest	$348,346	$49,397	$397,743
Donald Davis MD	Physician	50.00	Highest	$609,227	$48,082	$657,309
Nancy Finnigan DO	Physician	50.00	Highest	$432,990	$52,274	$485,264
Sowsan Rasheid MD	Physician	50.00	Highest	$454,867	$50,706	$505,573
Melissa Rusli MD	Physician	50.00	Highest	$339,203	$46,356	$385,559

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	$1,339,332,000	$1,160,155,051	$1,163,166,683	$179,176,949
2023	$1,158,223,255	$1,039,271,249	$1,118,251,093	$118,952,006
2022	$1,028,284,243	$959,776,613	$1,047,675,429	$68,507,630
2021	$1,018,219,105	$909,956,644	$1,077,871,158	$108,262,461
2020	$860,757,084	$788,256,373	$799,528,886	$72,500,711
2019	$905,422,211	$839,674,800	$848,882,351	$65,747,411
2018	$824,963,553	$765,756,833	$881,345,735	$59,206,720

Lakeland Regional Medical Center Inc