Overview
What is Lima Memorial Joint Operating Company?
Lima Memorial Joint Operating Company, also known as Lima Memorial Health System, is a prominent nonprofit healthcare organization based in Lima, Ohio. With a workforce of over 1,900 employees, the organization is dedicated to enhancing the quality of life in the community by providing comprehensive health services. Continuously advancing through technology, education, and facility updates, Lima Memorial ensures patient satisfaction and achieves quality scores that surpass both state and national averages. Their expertise spans from 24-hour emergency services to obstetrics, oncology, and rehabilitation. In 2022, the organization contributed an estimated $39 million in community value through community benefit expenditures, charity care, and government-sponsored healthcare. By focusing on healthcare awareness and prevention programs, free public health screenings, and financial support for community non-profit organizations, Lima Memorial extends its reach beyond the hospital walls.
Official website here: www.limamemorial.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Lima Memorial Joint Operating Company has achieved a high level of accountability and finance with a perfect score in several key areas. Their strong rating reflects a commitment to transparency, as indicated by their independent board composition and the presence of essential governance policies such as conflict of interest and whistleblower protections. Additionally, their program expense ratio of 83.25% demonstrates a significant focus on delivering services rather than administrative costs.
The organization has a well-structured board with a majority of independent members, ensuring that decision-making is free from conflicts of interest. Their fiscal responsibility is further highlighted by a solid liabilities to assets ratio of 21.73%, indicating a strong financial position. The organization has also passed rigorous audits and maintains effective oversight through its audit and oversight committee.
While their financial metrics are impressive, the summary does not provide information on the specific programs or outcomes of their services. Potential donors may want to inquire more about the impact of their initiatives to fully assess the organization's effectiveness beyond its financial health. Overall, Lima Memorial Joint Operating Company stands out for its robust governance and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lima Memorial Joint Operating Company legitimate?
Lima Memorial Joint Operating Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lima Memorial Joint Operating Company 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: $2,894,212
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,540,415
For more financial information, click here
Official website here: www.limamemorial.org
What is the mission statement of Lima Memorial Joint Operating Company?
Lima Memorial Joint Operating Company is a leading not-for-profit healthcare organization, dedicated to enhancing community living through comprehensive healthcare services. They are committed to enhancing their services and facilities by incorporating the latest technologies and continuously educating their healthcare team. This dedication has resulted in consistently improving patient satisfaction numbers, exceeding both state and national averages. Lima Memorial Health System offers a wide range of healthcare services, catering to patients from birth through elder years. Services include 24-hour emergency services, chest pain centers, cancer care, orthopedics, obstetrics, and rehabilitation services, among others. In 2022, the organization contributed approximately $39 million in community value, further solidifying their commitment to their communities. Through outreach activities, they promote healthcare awareness, provide free public health screenings, offer financial support, and engage with underserved populations.
Official website here: www.limamemorial.org
Who is the CEO of Lima Memorial Joint Operating Company?
Michael D Swick is the President/Ceo (See Sch J) of Lima Memorial Joint Operating Company. The CEO's salary of Lima Memorial Joint Operating Company is $764,074 and their total compensation is $1,044,127.
Official website here: www.limamemorial.org
What is the revenue of Lima Memorial Joint Operating Company?
Lima Memorial Joint Operating Company's revenue in 2022 was $291,840,226.
Official website here: www.limamemorial.org
Who are the executives of Lima Memorial Joint Operating Company and what are their salaries?
The average compensation at Lima Memorial Joint Operating Company during 2022 was $49,269. There are 1937 employees and 311 volunteers at Lima Memorial Joint Operating Company.
Here are 25 key members and their salaries (Lima Memorial Joint Operating Company's CEO's salary is $764,074 and their total compensation is $1,044,127):
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- Compensation: $764,074
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- Compensation: $426,307
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- Compensation: $444,997
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- Other: $117,143
- Compensation: $319,464
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- Other: $60,351
Official website here: www.limamemorial.org
Where can I find the form 990 for Lima Memorial Joint Operating Company?
Lima Memorial Joint Operating Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.limamemorial.org
Learn more at the official website: www.limamemorial.org
Mission Statement of Lima Memorial Joint Operating Company
Lima Memorial Joint Operating Company, as one of the largest not-for-profit healthcare organizations in West Central Ohio, is dedicated to enhancing the quality of life in communities through comprehensive health services. This mission is carried out by continually improving the organization's services and facilities, keeping up with the latest technologies, and providing continuing education to healthcare teams.
The healthcare services offered by Lima Memorial span from birth through elder years, including 24-hour emergency services, an accredited chest pain center, a commission on cancer-accredited cancer institute, obstetrics, pediatrics, a women's health center, a robotics surgery program, diagnostic and imaging, laboratory, inpatient and outpatient rehabilitation services, neuroscience program, urology, and more. The patient satisfaction numbers of Lima Memorial continue to improve, with quality scores that surpass both state and national averages.
In 2022, Lima Memorial contributed an estimated $39 million in community value in terms of community benefit expenditures, charity care, and government-sponsored healthcare. This significant contribution not only demonstrates the organization's commitment to its communities but also fulfills its purpose as a not-for-profit organization by positively impacting the members of the communities it serves. Thousands of people have benefited from the compassionate care and expertise of Lima Memorial's physicians, nurses, associates, and volunteers.
Lima Memorial goes beyond providing high-quality healthcare by supporting its communities through outreach activities such as healthcare awareness and prevention programs, free public health screenings, financial support for many community non-profit organizations, and outreach to the underserved. By continuously advancing its services and facilities, Lima Memorial remains dedicated to providing the highest quality of care to its patients in a family atmosphere.
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Impact
October, 2024
Lima Memorial Joint Operating Company significantly enhances the health and well-being of the communities in West Central Ohio through its extensive array of comprehensive healthcare services. As one of the largest healthcare organizations in the region, it is dedicated to improving quality of life, consistently advancing its capabilities with the latest technologies, and prioritizing ongoing education for its healthcare professionals.
The hospital's commitment to patient care is reflected in consistently high satisfaction ratings and quality scores that surpass state and national averages. Lima Memorial offers a range of services from emergency care, including a Level II trauma center, to specialized programs in cardiology, oncology, women's health, and pediatrics. These services ensure that patients receive quality care at every stage of life.
In 2022, Lima Memorial contributed an estimated $39 million in community value through various initiatives, including charity care and government-sponsored healthcare. This substantial contribution demonstrates the organization's dedication to serving the community, providing vital programs and support such as heart health awareness campaigns, cancer screenings, and support groups for breast cancer survivors.
The organization's outreach efforts play a critical role in addressing community needs, exposing thousands of individuals to essential health education and services. Programs like the Kids Clinic for abused children and the Congestive Heart Failure Clinic showcase its commitment to supporting vulnerable populations, ensuring that essential services are not lost due to financial constraints.
Lima Memorial Joint Operating Company continues to serve as a cornerstone of health and wellness in the community, with a promise to adapt and evolve in healthcare delivery while maintaining a familial atmosphere for all patients. Through education, outreach, and a strong focus on preventive care, the organization actively improves the overall health landscape of the region.
This information is meant to be a general summary of Lima Memorial Joint Operating Company. 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: $11,348,786
- Program Service Revenue: $279,507,836
- Gross Receipts: $292,051,770
Assets and Liabilities:
- Total Assets: $536,035,911
- Total Liabilities: $116,512,307
- Net Assets: $419,523,604
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$276,929,497
PHARMACY
Revenue
$2,476,916
CLINIC REVENUE
Revenue
$69,742
MEDICAL RECORDS
Revenue
$29,679
OCCUPATIONAL HEALTH MGT FEES
Revenue
$1,725
Organization Details
Founding Year
1999
Phone
(419) 228-3335Principal Officer
Michael D Swick
Main Address
1001 BELLEFONTAINE AVENUE, LIMA, OH, 45804
Website
www.limamemorial.orgNTEE Category
Code: E210 - Health
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