Overview
What is Lahey Clinic Inc?
Lahey Clinic Inc is a prominent, physician-led, nonprofit healthcare organization based at the Lahey Hospital and Medical Center. With approximately 450 dedicated physicians and over 4,000 nurses, therapists, and support staff, they collaborate to deliver compassionate care and exceptional patient outcomes. The team's collective efforts encompass a broad spectrum of medical services, ensuring comprehensive care for their community.
Official website here: www.lahey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Lahey Clinic Inc has received an 84% rating from Charity Navigator, indicating a reasonable level of accountability and financial health. The score is based solely on the Accountability & Finance category, highlighting the organization's strong governance practices, including a fully independent board and comprehensive financial oversight.
The organization excels in its program expense ratio, dedicating 94.71% of its resources to program services, which underscores its commitment to fulfilling its mission. Additionally, it has well-defined policies in place, such as conflict of interest and whistleblower policies, contributing to overall transparency and accountability.
However, a limitation identified is the liabilities to assets ratio, which stands at 66.36%. This indicates a relatively high level of liabilities compared to assets, suggesting potential financial risk that may need to be monitored. Overall, while Lahey Clinic Inc demonstrates solid governance and program dedication, stakeholders should remain aware of its financial leverage.
This AI summary has been generated from information found on Charity Navigator.
Is Lahey Clinic Inc legitimate?
Lahey Clinic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lahey Clinic Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,444,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $327,900,671
For more financial information, click here
Official website here: www.lahey.org
What is the mission statement of Lahey Clinic Inc?
Lahey Clinic Inc is a nonprofit, physician-led group practice. With over 450 physicians and 4,000 healthcare professionals, they collaborate to deliver compassionate care and excellent patient outcomes. Their team of nurses, therapists, and support staff work together to ensure superior healthcare services. The organization is dedicated to providing comprehensive medical care with a focus on patient well-being. Their mission is to enhance the health and wellness of their patients through collaborative efforts and dedication to superior care.
Official website here: www.lahey.org
Who is the CEO of Lahey Clinic Inc?
Tabb Md Kevin is the CEO of Lahey Clinic Inc The CEO's salary of Lahey Clinic Inc is $0 and their total compensation is $2,807,152.
Official website here: www.lahey.org
What is the revenue of Lahey Clinic Inc?
Lahey Clinic Inc's revenue in 2023 was $337,273,093.
Official website here: www.lahey.org
Who are the executives of Lahey Clinic Inc and what are their salaries?
The average compensation at Lahey Clinic Inc during 2023 was $200,450. There are 1658 employees and 150 volunteers at Lahey Clinic Inc.
Here are 51 key members and their salaries (Lahey Clinic Inc's CEO's salary is $0 and their total compensation is $2,807,152):
- Compensation: $0
- Related: $2,507,235
- Other: $299,917
- Compensation: $0
- Related: $1,110,533
- Other: $31,775
- Compensation: $748,389
- Related: $0
- Other: $48,353
- Compensation: $513,964
- Related: $0
- Other: $62,649
- Compensation: $467,162
- Related: $0
- Other: $45,670
- Compensation: $0
- Related: $443,247
- Other: $60,158
- Compensation: $407,577
- Related: $0
- Other: $24,586
- Compensation: $345,098
- Related: $0
- Other: $62,996
- Compensation: $0
- Related: $263,177
- Other: $65,695
- Compensation: $232,277
- Related: $0
- Other: $78,678
- Compensation: $249,589
- Related: $0
- Other: $29,087
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,301,463
- Other: $34,409
- Compensation: $0
- Related: $802,046
- Other: $220,936
- Compensation: $0
- Related: $898,193
- Other: $15,864
- Compensation: $0
- Related: $535,200
- Other: $152,546
- Compensation: $0
- Related: $207,100
- Other: $1,856
- Compensation: $0
- Related: $159,323
- Other: $32,110
- Compensation: $0
- Related: $801,474
- Other: $70,063
- Compensation: $0
- Related: $655,415
- Other: $45,377
- Compensation: $0
- Related: $587,326
- Other: $62,844
- Compensation: $556,440
- Related: $0
- Other: $68,739
- Compensation: $0
- Related: $539,569
- Other: $84,017
- Compensation: $0
- Related: $547,337
- Other: $70,952
- Compensation: $0
- Related: $362,612
- Other: $33,041
- Compensation: $0
- Related: $331,406
- Other: $60,104
- Compensation: $0
- Related: $339,934
- Other: $28,902
- Compensation: $0
- Related: $340,346
- Other: $18,710
- Compensation: $0
- Related: $282,406
- Other: $60,820
- Compensation: $1,158,432
- Related: $0
- Other: $79,616
- Compensation: $1,125,894
- Related: $0
- Other: $66,035
- Compensation: $989,870
- Related: $0
- Other: $48,482
- Compensation: $914,369
- Related: $0
- Other: $53,058
- Compensation: $782,315
- Related: $0
- Other: $66,164
- Compensation: $0
- Related: $212,494
- Other: $175,081
- Compensation: $0
- Related: $238,584
- Other: $11,302
Official website here: www.lahey.org
Where can I find the form 990 for Lahey Clinic Inc?
Lahey Clinic Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lahey.org
Learn more at the official website: www.lahey.org
Mission Statement of Lahey Clinic Inc
Lahey Clinic Inc, a leading nonprofit group practice, is composed of nearly 450 dedicated physicians and over 4,000 nurses, therapists, and support staff. Their mission is to provide compassionate care and deliver excellent patient outcomes. Working together as a cohesive team, they aim to make a positive impact on the lives of their patients.
Lahey Clinic Inc is a physician-led organization, where the focus is on superior patient care. Their team of medical professionals brings their expertise and commitment to ensuring the best possible health outcomes for their patients. The collaborative efforts of the physicians, nurses, and support staff enable Lahey Clinic Inc to deliver comprehensive and coordinated care, enhancing the overall patient experience.
Nearly 4,000 nurses, therapists, and other essential support staff contribute to the success of Lahey Clinic Inc. They work closely with the physicians to address the various needs of the patients, providing exceptional care and ensuring a supportive environment for healing and recovery. The nonprofit's team approach fosters a strong sense of community and fosters a culture of compassion and dedication to patient wellbeing.
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Impact
October, 2024
Lahey Hospital and Medical Center significantly influences healthcare delivery in Burlington, MA, and the surrounding region. With a collaborative approach involving nearly 450 physicians and over 4,000 healthcare professionals, the institution is dedicated to providing compassionate, high-quality patient care. Their commitment to superior patient outcomes reflects the integration of advanced medical practices and personalized treatment plans.
The hospital also plays a pivotal role in community health, offering a range of services that address diverse medical needs. This includes preventive care, specialized treatments, and support services, all aimed at enhancing the overall well-being of the population. Through continued innovation and a patient-centered philosophy, Lahey Hospital and Medical Center strives to improve health outcomes and foster a healthier community.
This information is meant to be a general summary of Lahey Clinic Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $107,053
- Program Service Revenue: $324,509,080
- Gross Receipts: $337,379,434
Assets and Liabilities:
- Total Assets: $239,661,515
- Total Liabilities: $187,085,450
- Net Assets: $52,576,065
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT CARE REVENUE
Revenue
$296,935,381
SERVICES TO AFFILIATES
Revenue
$12,882,673
OTHER PHYSICIAN SERVIC
Revenue
$9,386,499
RESEARCH
Revenue
$5,304,527
Organization Details
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