Lakeland Regional Health Systems Inc (EIN 592650464) - 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

1986

Legal Domicile

Principal Officer

Danielle Drummond

Phone

8636871100

Tax Period

2023-10-01 to 2024-09-30

Lakeland Regional Health Systems Inc, founded in 1986, is a major nonprofit in the Health Care sector that reported $131.6M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $212.2M exceeded revenue, resulting in a 61% operating deficit.

Mission

The organization'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 $0

Program Service Revenue $120,527,014

Investment Income $8,666,937

Other Revenue $2,384,302

TOTAL REVENUE $131,578,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,290,586

Fundraising Expenses $0

Program Expenses $187,449,889

Other Expenses $49,868,168

TOTAL EXPENSES $212,158,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,578,253	$101,145,477	+0.3%
Expenses	$212,158,754	$173,272,856	+0.2%
Net Income	$-80,580,501	$-72,127,379	+0.1%

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

1155

Volunteers

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dale Dreyer	Chair	1.00	Director	$0	$0	$0
Sylvia Blackmon-Roberts	Vice Chair	1.00	Director	$0	$0	$0
Clayton Hollis	Past Chair	1.00	Director	$0	$0	$0
John Attaway Jr	Director	1.00	Director	$0	$0	$0
Jeff Chamberlain	Director	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
Kristen Lowers	Director	1.00	Director	$0	$0	$0
Cory Petcoff	Director	1.00	Director	$0	$0	$0
William Pou	Director	1.00	Director	$0	$0	$0
Mark Preziosi MD	Director	1.00	Director	$0	$0	$0
Danielle Drummond	President/Chief Exec. Officer	1.00	Officer	$0	$222,548	$1,514,784
Lance Green	EVP - Chief Financial Officer	1.00	Officer	$0	$148,152	$895,292
Mohammed Hassan MD	Physician	1.00	Highest	$1,056,786	$52,312	$1,109,098
Avinash Khanna MD	Physician	1.00	Highest	$1,288,590	$18,735	$1,307,325
Andres Medina MD	Physician	1.00	Highest	$1,213,213	$49,505	$1,262,718
Manuel A Molina MD	Physician	1.00	Highest	$1,113,122	$46,454	$1,159,576
Rakesh P Patel MD	Physician	1.00	Highest	$1,235,820	$46,356	$1,282,176

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	$131,578,253	$212,158,754	$887,415,193	$-80,580,501
2023	$101,145,477	$173,272,856	$695,382,832	$-72,127,379
2022	$93,957,120	$155,756,663	$666,507,402	$-61,799,543
2021	$88,660,515	$134,358,266	$756,682,546	$-45,697,751
2020	$71,449,309	$123,370,314	$735,245,819	$-51,921,005
2019	$70,053,119	$120,903,628	$564,009,609	$-50,850,509
2018	$75,250,811	$120,222,472	$513,470,449	$-44,971,661

Lakeland Regional Health Systems Inc