Overview
What is Lahey Clinic Hospital Inc?
Lahey Clinic Hospital Inc, based in Burlington, Massachusetts, is a respected nonprofit teaching hospital affiliated with Tufts University School of Medicine. As a physician-led institution, they prioritize quality healthcare delivery and education through their collaborative partnership with the renowned medical university. The hospital's mission revolves around providing innovative, patient-centered care while fostering the next generation of healthcare professionals. Their commitment extends beyond the hospital walls, contributing positively to the local community.
Official website here: www.lahey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Lahey Clinic Hospital Inc has received an overall score of 81%, which reflects a strong commitment to accountability and finance. The organization scores particularly well in areas such as having a majority of independent board members and maintaining a comprehensive audit and oversight committee. Additionally, it demonstrates robust policies for conflict of interest and whistleblower protections, contributing positively to its governance framework.
However, there are some limitations to note. While the organization excels in various financial transparency metrics, it has fallen short in posting its tax forms on its website, which is a key component of financial accountability. Furthermore, the liabilities to assets ratio is notably high at 76.84%, indicating potential financial risk that could be a concern for stakeholders.
Overall, Lahey Clinic Hospital Inc shows strength in operational governance and program expenses, dedicating a significant portion of its resources to its mission. Nonetheless, addressing the gaps in transparency and financial ratios could enhance its standing and trust with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lahey Clinic Hospital Inc legitimate?
Lahey Clinic Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lahey Clinic Hospital 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: $5,004,429
Professional Fundraising Fees: $128,856
Other Salaries and Wages: $364,539,985
For more financial information, click here
Official website here: www.lahey.org
What is the mission statement of Lahey Clinic Hospital Inc?
The Lahey Hospital and Medical Center functions as a non-profit teaching hospital, overseen by physicians and affiliated with Tufts University School of Medicine. Based on the information provided, the organization's primary focus revolves around medical education and healthcare delivery. As a key component of this mission, it works closely with Tufts University School of Medicine to facilitate the learning experience of future healthcare professionals. The hospital's commitment to education is further underscored by its status as a teaching hospital. By combining the pursuit of knowledge with the provision of healthcare services, the Lahey Hospital and Medical Center aims to make a significant impact on the medical community.
Official website here: www.lahey.org
Who is the CEO of Lahey Clinic Hospital Inc?
Tabb Md Kevin is the CEO of Lahey Clinic Hospital Inc The CEO's salary of Lahey Clinic Hospital Inc is $0 and their total compensation is $2,807,152.
Official website here: www.lahey.org
What is the revenue of Lahey Clinic Hospital Inc?
Lahey Clinic Hospital Inc's revenue in 2023 was $1,155,412,856.
Official website here: www.lahey.org
Who are the executives of Lahey Clinic Hospital Inc and what are their salaries?
The average compensation at Lahey Clinic Hospital Inc during 2023 was $64,403. There are 5738 employees and 150 volunteers at Lahey Clinic Hospital Inc.
Here are 53 key members and their salaries (Lahey Clinic Hospital 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: $0
- Related: $748,389
- Other: $48,353
- Compensation: $0
- Related: $513,964
- Other: $62,649
- Compensation: $0
- Related: $467,162
- Other: $45,670
- Compensation: $443,247
- Related: $0
- Other: $60,158
- Compensation: $0
- Related: $407,577
- Other: $24,586
- Compensation: $0
- Related: $345,098
- Other: $62,996
- Compensation: $263,177
- Related: $0
- Other: $65,695
- Compensation: $0
- Related: $232,277
- Other: $78,678
- Compensation: $0
- Related: $249,589
- Other: $29,087
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- 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: $535,200
- Related: $0
- Other: $152,546
- Compensation: $207,100
- Related: $0
- Other: $1,856
- Compensation: $0
- Related: $159,323
- Other: $32,110
- Compensation: $801,474
- Related: $0
- Other: $70,063
- Compensation: $0
- Related: $655,415
- Other: $45,377
- Compensation: $587,326
- Related: $0
- Other: $62,844
- Compensation: $0
- Related: $556,440
- Other: $68,739
- Compensation: $539,569
- Related: $0
- Other: $84,017
- Compensation: $547,337
- Related: $0
- Other: $70,952
- Compensation: $387,680
- Related: $0
- Other: $61,667
- Compensation: $0
- Related: $362,612
- Other: $33,041
- Compensation: $331,406
- Related: $0
- Other: $60,104
- Compensation: $339,934
- Related: $0
- Other: $28,902
- Compensation: $340,346
- Related: $0
- Other: $18,710
- Compensation: $282,406
- Related: $0
- Other: $60,820
- Compensation: $204,362
- Related: $0
- Other: $49,394
- Compensation: $364,229
- Related: $0
- Other: $40,000
- Compensation: $285,540
- Related: $0
- Other: $56,812
- Compensation: $269,621
- Related: $0
- Other: $68,663
- Compensation: $304,064
- Related: $0
- Other: $40,571
- Compensation: $275,098
- Related: $0
- Other: $41,289
- Compensation: $212,494
- Related: $0
- 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 Hospital Inc?
Lahey Clinic Hospital 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 Hospital Inc
Lahey Clinic Hospital Inc, a renowned nonprofit teaching hospital, is led by physicians and affiliated with Tufts University School of Medicine in Massachusetts. This esteemed institution is dedicated to delivering high-quality healthcare and medical education.
The mission of Lahey Clinic Hospital Inc revolves around its role as a teaching hospital, collaborating with Tufts University School of Medicine to foster the next generation of healthcare professionals. Physician-led, the hospital prioritizes the delivery of exceptional patient care while providing an environment conducive to learning and research.
At the heart of its mission, Lahey Clinic Hospital Inc is committed to ensuring the well-being of its patients through comprehensive healthcare services. By maintaining a strong focus on patient care, the hospital strives to create a welcoming and supportive atmosphere for all those who seek treatment. Additionally, its partnership with Tufts University School of Medicine enables it to stay at the forefront of medical advancements and innovative practices.
In summary, Lahey Clinic Hospital Inc, a distinguished nonprofit teaching hospital, is led by physicians and dedicated to delivering exceptional patient care while fostering the next generation of healthcare professionals through its partnership with Tufts University School of Medicine.
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Impact
October, 2024
Lahey Clinic Hospital Inc plays a crucial role in the healthcare landscape of Burlington, Massachusetts, and beyond. As a physician-led teaching hospital affiliated with Tufts University School of Medicine, it focuses on providing high-quality medical care while also emphasizing education and research. This dual mission enhances clinical practices and healthcare outcomes for the community.
The hospital serves as a vital resource for patients, offering a range of specialized services that cater to diverse health needs. Its commitment to medical education ensures that future generations of healthcare professionals receive comprehensive training, equipping them with the skills needed to address evolving health challenges. By fostering an environment of learning and innovation, Lahey Clinic contributes to advancing medical knowledge and improving treatment protocols.
In addition to patient care and education, Lahey Clinic Hospital Inc actively engages in community health initiatives, promoting wellness and preventive care. This multifaceted approach has a significant impact on public health, helping to empower individuals and improve overall health outcomes in the region. Through its dedication to excellence in medicine and education, Lahey Clinic Hospital Inc enhances the quality of life for countless individuals and families.
This information is meant to be a general summary of Lahey Clinic Hospital 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: $605,141
- Program Service Revenue: $1,130,141,911
- Gross Receipts: $1,155,531,321
Assets and Liabilities:
- Total Assets: $284,026,623
- Total Liabilities: $259,952,248
- Net Assets: $24,074,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INPATIENT CARE NPSR
Revenue
$567,773,682
OUTPATIENT CARE NPSR
Revenue
$487,864,674
EMERGENCY DEPARTMENT C
Revenue
$43,348,734
PHARMACY REVENUE
Revenue
$18,219,000
SERVICE TO AFFILIATES
Revenue
$12,935,821
Organization Details
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