Overview
What is Lmw Healthcare Inc?
LMW Healthcare Inc, based in Westerly, Rhode Island, is a non-profit organization dedicated to delivering inpatient and outpatient medical care to both adults and children in the local community and its surrounding towns. As an acute care hospital, they provide essential healthcare services, catering to the medical needs of residents. Their mission is focused on improving the wellbeing of individuals within the Westerly, Rhode Island community by offering comprehensive medical care.
Official website here: www.westerlyhospital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Lmw Healthcare Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is derived entirely from its financial management practices, reflecting responsible stewardship of resources in the most recent fiscal year (FY2021). This rating underscores the charity's commitment to transparency and effective governance.
Strengths of Lmw Healthcare Inc include a strong independent board composition, with 72% of board members being independent, and a robust audit and oversight framework that has scored full points. Additionally, the organization demonstrates a high program expense ratio of 89.27%, indicating that a significant portion of its funding is directed towards its mission-driven activities rather than administrative costs.
However, there are areas where the organization faces challenges, particularly concerning its liabilities to assets ratio, which did not meet the expectations set by Charity Navigator. This aspect may raise concerns about the financial health and sustainability of the organization moving forward. Overall, while Lmw Healthcare Inc has commendable accountability practices, potential donors should consider the financial ratios when assessing its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Lmw Healthcare Inc legitimate?
Lmw Healthcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lmw Healthcare 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: $560,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,853,644
For more financial information, click here
Official website here: www.westerlyhospital.org
What is the mission statement of Lmw Healthcare Inc?
LMW Healthcare Inc is dedicated to delivering medical care to the community and surrounding areas. As a not-for-profit organization, it provides essential healthcare services to both adults and children. By offering both inpatient and outpatient care, the healthcare institution caters to a broad range of medical needs. The mission of LMW Healthcare is to enhance the overall health and wellbeing of the population it serves. Through its commitment to medical care, it strives to ensure that individuals in the community have access to the healthcare they require, thereby promoting better health outcomes.
Official website here: www.westerlyhospital.org
Who is the CEO of Lmw Healthcare Inc?
Richard Lisitano is the CEO of Lmw Healthcare Inc The CEO's salary of Lmw Healthcare Inc is $125,924 and their total compensation is $848,449.
Official website here: www.westerlyhospital.org
What is the revenue of Lmw Healthcare Inc?
Lmw Healthcare Inc's revenue in 2023 was $125,333,691.
Official website here: www.westerlyhospital.org
Who are the executives of Lmw Healthcare Inc and what are their salaries?
The average compensation at Lmw Healthcare Inc during 2023 was $42,760. There are 1179 employees and 94 volunteers at Lmw Healthcare Inc.
Here are 27 key members and their salaries (Lmw Healthcare Inc's CEO's salary is $125,924 and their total compensation is $848,449):
- Compensation: $0
- Related: $4,635,003
- Other: $0
- Compensation: $0
- Related: $1,367,048
- Other: $200,005
- Compensation: $217,050
- Related: $868,201
- Other: $372,127
- Compensation: $125,924
- Related: $503,694
- Other: $218,831
- Compensation: $0
- Related: $768,730
- Other: $0
- Compensation: $0
- Related: $593,810
- Other: $22,507
- Compensation: $92,771
- Related: $371,083
- Other: $33,979
- Compensation: $0
- Related: $350,438
- Other: $34,181
- Compensation: $0
- Related: $361,875
- Other: $0
- Compensation: $212,411
- Related: $0
- Other: $37,314
- Compensation: $185,241
- Related: $0
- Other: $31,918
- Compensation: $181,244
- Related: $0
- Other: $25,141
- Compensation: $184,206
- Related: $0
- Other: $5,931
- Compensation: $154,504
- Related: $0
- Other: $32,263
- Compensation: $14,175
- 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
Official website here: www.westerlyhospital.org
Where can I find the form 990 for Lmw Healthcare Inc?
Lmw Healthcare Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.westerlyhospital.org
Learn more at the official website: www.westerlyhospital.org
Mission Statement of Lmw Healthcare Inc
LMW Healthcare, Inc, a not-for-profit organization, is committed to delivering medical care to the adults and children residing in the Westerly, Rhode Island community and its adjacent towns. The mission of LMW Healthcare is to offer comprehensive healthcare services, encompassing both inpatient and outpatient care, for the residents of these areas. By providing medical attention to those in need, LMW Healthcare aims to enhance the overall health and well-being of the population it serves.
As a leading healthcare provider in the region, LMW Healthcare, Inc goes beyond merely treating illnesses. Its team of dedicated healthcare professionals works tirelessly to ensure that the community they serve receives the best possible care. The organization's commitment to the local community is evident in its provision of essential medical services, enabling residents to access quality healthcare without having to travel long distances. Through its various healthcare programs, LMW Healthcare remains steadfast in its mission to make a positive impact on the lives of the people it serves.
LMW Healthcare's dedication to the Westerly, Rhode Island community is rooted in its belief that everyone deserves access to quality medical care, regardless of their location or financial situation. As a result, the organization provides a wide range of medical services, catering to the diverse healthcare needs of the population. By offering both inpatient and outpatient care, LMW Healthcare ensures that individuals can receive the care they need, whether it involves a short-term hospital stay or ongoing treatment and management of chronic conditions. Through its unwavering commitment to providing medical care, LMW Healthcare, Inc continues to make a significant contribution to the health and well-being of the Westerly, Rhode Island community and its surrounding towns.
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Impact
October, 2024
Lmw Healthcare Inc significantly enhances the well-being of the Westerly, Rhode Island community and its surrounding areas by offering comprehensive medical services to both adults and children. As an acute care hospital, it ensures that individuals have access to essential inpatient and outpatient medical care tailored to their needs. By addressing a wide range of health concerns, Lmw Healthcare plays a vital role in promoting public health, improving health outcomes, and fostering a healthier community overall. Its presence not only provides immediate care but also supports the long-term health infrastructure, contributing to the overall stability and growth of the region.
This information is meant to be a general summary of Lmw Healthcare 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: $87,865
- Program Service Revenue: $124,259,065
- Gross Receipts: $133,409,936
Assets and Liabilities:
- Total Assets: $105,297,607
- Total Liabilities: $90,974,099
- Net Assets: $14,323,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENU
Revenue
$124,259,065
Organization Details
Founding Year
2012
Principal Officer
Richard Lisitano
Website
www.westerlyhospital.orgNTEE Category
Code: E22 - Health
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