Overview
What is Lawrence Memorial Hospital Inc?
Lawrence Memorial Hospital Inc, based in New London, Connecticut, is a nonprofit organization led by Patrick L. Green. Committed to enhancing the health and wellbeing of the region, they focus on delivering essential healthcare services. Their mission is multifaceted, encompassing the improvement of regional health through the provision of medical care.
Official website here: www.lmhospital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Lawrence Memorial Hospital Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization’s high score of 96% indicates robust financial oversight and transparency, with a particularly impressive program expense ratio of 88.31%. This suggests that the majority of its funds are directed toward its mission rather than administrative costs.
The nonprofit demonstrates a well-structured governance model, featuring a board composed entirely of independent members, which enhances its accountability. The presence of policies for conflict of interest, whistleblower protection, and document retention further underscores its commitment to ethical standards. The organization has also successfully maintained a clean record concerning asset diversion, adding to its credibility.
While the overall assessment is overwhelmingly positive, there are no specific limitations mentioned in the data provided. This suggests that Lawrence Memorial Hospital Inc is not only effective in its financial practices but also holds a strong commitment to good governance and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence Memorial Hospital Inc legitimate?
Lawrence Memorial Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence Memorial 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: $2,960,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $168,702,642
For more financial information, click here
Official website here: www.lmhospital.org
What is the mission statement of Lawrence Memorial Hospital Inc?
Lawrence Memorial Hospital Inc is dedicated to enhancing the health of the community by delivering essential healthcare services. The organization's main objective is to provide quality healthcare, aimed at improving overall well-being and promoting better health outcomes. By focusing on preventative measures and offering comprehensive healthcare solutions, Lawrence Memorial Hospital seeks to make a positive impact on the health of the population it serves. The hospital's team of healthcare professionals collaborates to ensure that patients receive the best possible care, addressing both acute and chronic health conditions. Additionally, the hospital invests in ongoing research and innovation to advance medical knowledge and improve patient care.
Official website here: www.lmhospital.org
Who is the CEO of Lawrence Memorial Hospital Inc?
Patrick L Green is the President/Trustee of Lawrence Memorial Hospital Inc.
Official website here: www.lmhospital.org
What is the revenue of Lawrence Memorial Hospital Inc?
Lawrence Memorial Hospital Inc's revenue in 2022 was $461,794,793.
Official website here: www.lmhospital.org
Who are the executives of Lawrence Memorial Hospital Inc and what are their salaries?
The average compensation at Lawrence Memorial Hospital Inc during 2022 was $62,811. There are 2733 employees and 144 volunteers at Lawrence Memorial Hospital Inc.
Here are 28 key members and their salaries:
- Compensation: $496,565
- Related: $0
- Other: $81,398
- Compensation: $2,480,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,202,950
- Other: $193,088
- Compensation: $0
- Related: $579,064
- Other: $0
- Compensation: $477,486
- Related: $477,486
- Other: $408,284
- Compensation: $513,446
- Related: $220,048
- Other: $130,351
- Compensation: $0
- Related: $806,022
- Other: $13,113
- Compensation: $452,595
- Related: $193,969
- Other: $97,832
- Compensation: $495,530
- Related: $0
- Other: $33,583
- Compensation: $467,841
- Related: $0
- Other: $33,414
- Compensation: $331,385
- Related: $82,846
- Other: $86,992
- Compensation: $455,017
- Related: $0
- Other: $33,583
- Compensation: $415,383
- Related: $0
- Other: $34,136
- Compensation: $413,378
- Related: $0
- Other: $33,583
- Compensation: $398,243
- Related: $0
- Other: $32,130
- Compensation: $69,398
- Related: $316,145
- Other: $44,032
- Compensation: $0
- Related: $296,031
- Other: $34,459
- Compensation: $0
- Related: $54,429
- Other: $2,873
- 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
Official website here: www.lmhospital.org
Where can I find the form 990 for Lawrence Memorial Hospital Inc?
Lawrence Memorial Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lmhospital.org
Learn more at the official website: www.lmhospital.org
Mission Statement of Lawrence Memorial Hospital Inc
Lawrence Memorial Hospital Inc, headquartered in New England, is dedicated to enhancing the health and wellbeing of the community by delivering essential healthcare services. The mission of this esteemed organization, as stated, is twofold: to improve community health and provide necessary healthcare services.
In pursuit of its objective, Lawrence Memorial Hospital Inc diligently works towards ensuring that every individual within its reach has access to quality healthcare. This commitment is spearheaded by Patrick L Green, the dedicated leader of the organization, who is deeply invested in making a positive difference in people's lives.
By offering a comprehensive range of healthcare services, Lawrence Memorial Hospital Inc goes above and beyond to cater to diverse healthcare needs. The hospital's staff is highly skilled, compassionate, and equipped with the latest medical knowledge to ensure the best possible outcomes for their patients. This unwavering dedication to healthcare excellence has earned Lawrence Memorial Hospital Inc a revered reputation within its community.
In addition to its primary healthcare services, Lawrence Memorial Hospital Inc also engages in various initiatives aimed at promoting community health and wellbeing. These initiatives may include, but are not limited to, public health campaigns, health screenings, and educational programs. By taking a holistic approach to healthcare, Lawrence Memorial Hospital Inc truly embodies its mission to improve both the health of the community and provide essential healthcare services.
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Impact
October, 2024
Lawrence Memorial Hospital Inc plays a vital role in enhancing the health of the New London community by providing essential healthcare services. Located in New London, CT, the hospital is dedicated to addressing the regional health needs through a wide array of medical treatments, preventive care, and community health initiatives.
Under the leadership of Patrick L. Green, Lawrence Memorial Hospital focuses on improving health outcomes and ensuring access to quality healthcare for all residents. This commitment not only supports individual well-being but also contributes to the overall health infrastructure of the region, fostering a healthier community. Through its services, the hospital addresses both acute and chronic health issues, ensuring that residents receive the care they need when they need it.
Furthermore, the hospital's efforts likely extend into public health initiatives, education, and outreach programs, aimed at increasing health awareness and promoting healthier lifestyles among the community members. This multifaceted approach strengthens community ties and lays the groundwork for improved health standards and outcomes across the region.
This information is meant to be a general summary of Lawrence Memorial 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 2022.
- Investment Income: $9,679,116
- Program Service Revenue: $434,144,168
- Gross Receipts: $488,186,961
Assets and Liabilities:
- Total Assets: $456,988,884
- Total Liabilities: $187,363,056
- Net Assets: $269,625,828
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICES
Revenue
$422,686,271
APOTHECARY INCOME
Revenue
$9,911,348
OCCUPATIONAL HEALTH
Revenue
$1,172,457
LAB PATHOLOGY
Revenue
$316,114
LAB TESTING
Revenue
$57,978
Organization Details
Founding Year
1912
Phone
(203) 688-0580Principal Officer
Patrick L Green
Main Address
365 MONTAUK AVENUE, NEW LONDON, CT, 06320
Website
www.lmhospital.orgNTEE Category
Code: E220 - Health
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