Overview
What is Lake Hospital System Inc?
Lake Hospital System Inc, based in Shaker Heights, Ohio, is a well-established healthcare institution with a rich history spanning over 120 years. Committed to serving the health needs of the local communities since 1902, Lake Health is driven by a mission to provide local access, healing with compassion, and superior quality. With a workforce of over 3,300 employees, the organization has developed programs and partnerships to address pressing health issues. Their priority areas include COVID-19, diabetes, chronic diseases, behavioral health, and access to care. Lake Health operates 11 facilities in Lake, Geauga, and Cuyahoga Counties, offering a range of services from full-service hospitals to outpatient centers. Accessibility is a top priority, with most insurance providers contracted and three full-service emergency departments open to all. In 2021, Lake Health contributed approximately $8.5 million in cash and in-kind donations to civic and community programs, reflecting their dedication to local partnerships.
Official website here: www.uhhospitals.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Lake Hospital System Inc has received a solid Three-Star rating from Charity Navigator, reflecting a commendable overall score based entirely on its Accountability & Finance metrics. This score indicates a strong commitment to financial transparency and responsible management of resources, which is essential for donor trust and long-term sustainability.
One of the organization's notable strengths is its governance structure, featuring a board comprised entirely of independent members, demonstrating a strong commitment to accountability. Furthermore, the organization has implemented several robust policies, including conflict of interest and whistleblower policies, which contribute to its ethical oversight and operational integrity.
Despite the positive aspects, it is worth noting that the overall rating is derived solely from the Accountability & Finance category, with no scores in other areas such as Impact or Sustainability. This focus may limit the understanding of how effectively the organization is achieving its mission beyond financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Hospital System Inc legitimate?
Lake Hospital System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Hospital System 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: $7,042,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,080,863
For more financial information, click here
Official website here: www.uhhospitals.org
What is the mission statement of Lake Hospital System Inc?
Lake Hospital System Inc is dedicated to providing comprehensive healthcare services to the community, partnering with those committed to local access, healing with compassion, and superior quality. The mission drives the institution to address the most pressing health issues, including COVID-19, diabetes, chronic diseases, behavioral health, and access to care. With a long-standing tradition of serving the community since 1902, Lake Health has developed programs, services, and partnerships to cater to the unique healthcare needs. The organization operates multiple facilities and provides access to a vast array of primary care physicians and specialists, ensuring superior patient care within the community. Lake Health's growth reflects its commitment to bringing the best resources together, enabling patients to receive world-class care without leaving their community. Through various community programs and initiatives, the organization continues to support and educate the community regarding health and well-being.
Official website here: www.uhhospitals.org
Who is the CEO of Lake Hospital System Inc?
Robert Tracz is the Chair of Lake Hospital System Inc. The CEO's salary of Lake Hospital System Inc is $3,284,651 and their total compensation is $3,303,082.
Official website here: www.uhhospitals.org
What is the revenue of Lake Hospital System Inc?
Lake Hospital System Inc's revenue in 2021 was $475,459,739.
Official website here: www.uhhospitals.org
Who are the executives of Lake Hospital System Inc and what are their salaries?
The average compensation at Lake Hospital System Inc during 2021 was $42,507. There are 3320 employees and 450 volunteers at Lake Hospital System Inc.
Here are 22 key members and their salaries (Lake Hospital System Inc's CEO's salary is $3,284,651 and their total compensation is $3,303,082):
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- Compensation: $3,284,651
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- Other: $18,431
- Compensation: $694,972
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- Compensation: $694,597
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- Other: $31,219
- Compensation: $281,475
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- Other: $8,163
- Compensation: $280,248
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- Compensation: $271,483
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- Other: $27,923
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- Other: $11,603
- Compensation: $235,631
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- Other: $11,672
- Compensation: $230,078
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- Other: $19,626
Official website here: www.uhhospitals.org
Where can I find the form 990 for Lake Hospital System Inc?
Lake Hospital System Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.uhhospitals.org
Learn more at the official website: www.uhhospitals.org
Mission Statement of Lake Hospital System Inc
Lake Hospital System Inc, a 120-year-old healthcare institution, is dedicated to providing comprehensive healthcare services to the residents of its communities with a commitment to local access, healing with compassion, and superior quality. The organization, which has been serving the healthcare needs of its communities since 1902, has developed programs and partnerships to address the most pressing health issues. These priority areas include COVID-19, diabetes, chronic diseases, behavioral health, and access to care.
Lake Hospital System, a nonprofit institution, has a long-standing tradition of providing services and programs based on the health care needs of the communities it serves. With a focus on accessibility, the organization has contracted with most insurance providers and operates three full-service emergency departments for all persons, regardless of their ability to pay. The institution's mission is to bring the best resources together to provide an expanded level of community care, allowing patients to receive superior patient care without leaving their communities.
In line with its commitment to local access and compassionate healing, Lake Hospital System provides services and programs based on the health care needs of the communities it serves. It continues to help care and educate its communities regarding important health issues, such as COVID-19. In 2021, the organization provided approximately $450,000 in community benefit through health education and contributed approximately $8.5 million in cash and in-kind donations to civic and community programs and partnerships with a health and wellness focus. These efforts include supporting over 50 local organizations, providing community programs such as infant and childbirth programs, and hosting events like the United Way Day of Caring and Harvest for Hunger. Lake Hospital System continues to be an anchor institution in its communities, dedicated to providing essential healthcare services and making a positive impact on the lives of its residents.
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Impact
October, 2024
Lake Hospital System Inc significantly impacts the health and well-being of residents in Lake County and neighboring communities through a comprehensive range of healthcare services. With a history spanning over 120 years, the organization has established itself as a cornerstone of local healthcare, dedicated to enhancing access to quality medical care.
The hospital system operates multiple facilities, including full-service acute care hospitals and outpatient centers, ensuring that essential services are readily available to the community. Accessibility is a key focus, with contracts in place with most insurance providers and emergency departments that serve all individuals, regardless of their ability to pay.
Lake Hospital System addresses critical health issues identified through community assessments, such as COVID-19, diabetes, chronic diseases, and behavioral health. By offering tailored programs and services, it strives to meet the specific healthcare needs of the populations it serves. Health education initiatives are integral to its mission, with efforts to educate communities on pressing health concerns and encourage preventive care.
In 2021 alone, the organization contributed approximately $450,000 in community benefits related to health education and made significant cash and in-kind donations totaling around $8.5 million to support local civic and community programs. This commitment reflects its dedication to fostering partnerships that enhance community health and wellness.
Through programs like childbirth preparation, support groups for various health challenges, and wellness education, Lake Hospital System cultivates a supportive environment for all community members. The organization's emphasis on collaboration with local organizations further amplifies its impact, ensuring a holistic approach to healthcare and community support.
This information is meant to be a general summary of Lake Hospital System 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 2021.
- Investment Income: $36,603,703
- Program Service Revenue: $385,477,854
- Gross Receipts: $944,998,078
Assets and Liabilities:
- Total Assets: $631,158,601
- Total Liabilities: $121,765,594
- Net Assets: $509,393,007
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT CARE
Revenue
$385,477,854
Organization Details
Founding Year
1983
Phone
(440) 354-1991Principal Officer
Robert Tracz
Main Address
3605 WARRENSVILLE CTR RD MSC 9155, SHAKER HEIGHTS, OH, 44122
Website
www.uhhospitals.orgNTEE Category
Code: E220 - Health
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