Lawrence General Hospital
- Assets
- $271.1m
- Revenue
- $340.8m
- Investments
- $0.0
- Employees
- 2,271
- Location
- Lawrence, MA
- Founding
- 08/1942
- Data as of
- 09/2023
- EIN
- 04-2103586
Organization Overview
Lawrence General Hospital is located in Lawrence, MA. The organization was established in 1942. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Lawrence General Hospital employed 2,271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence General Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Lawrence General Hospital generated $340.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $345.5m during the year ending 09/2023. While expenses have increased by 4.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACUTE CARE COMMUNITY HOSPITAL PROVIDING INPATIENT AND OUTPATIENT HEALTH SERVICES TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
INPATIENT HEALTHCARE SERVICES - PROVIDING INPATIENT SERVICES CONSISTENT WITH OUR CORE VALUES BY PROVIDING ACCESS TO COMPREHENSIVE, HIGH QUALITY, COMPASSIONATE, AND EFFICIENT HEALTHCARE SERVICES. LAWRENCE GENERAL HOSPITAL IS A 186 BED HOSPITAL THAT PROVIDED 50,131 PATIENT DAYS OF INPATIENT SERVICES WITH 11,364 DISCHARGES DURING FY 2023.
OUTPATIENT HEALTHCARE SERVICES - PROVIDING OUTPATIENT SERVICES CONSISTENT WITH OUR CORE VALUES BY PROVIDING ACCESS TO COMPREHENSIVE, HIGH QUALITY, COMPASSIONATE, AND EFFICIENT HEALTHCARE SERVICES. DURING FY 2023, LAWRENCE GENERAL HOSPITAL HAD 280,086 OUTPATIENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah J Wilson President & CEO (end 5/23) | OfficerTrustee | 50 | $998,219 |
Sunit Mukherjee MD Chief Cardio & Ambulatory Med. | 40 | $771,236 | |
Jason D Reid MD Physician (ortho Trauma) | 40 | $558,198 | |
Seungwhan Pee MD General Surgeon | 40 | $482,662 | |
George Kondylis MD Chief Medical Officer | 40 | $446,779 | |
John J Brady MD Physician | 40 | $459,181 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hwl Holdings Llc Tfm Escrow Contract Labor | 9/29/23 | $19,982,747 |
North American Partners In Anesthes Anesthesia Services | 9/29/23 | $10,115,721 |
Andover 323 Mp Rks Llc Prop. Rental Svcs. | 9/29/23 | $4,578,520 |
Optum 360 Llc Coding Services | 9/29/23 | $2,815,864 |
Greater Lawrence Family Health Ctr Tern & Resi. Srvcs | 9/29/23 | $2,304,167 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,556 |
| Total Program Service Revenue | $309,320,346 |
| Investment income | $599,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,785,024 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,645,464 |
| Compensation of current officers, directors, key employees. | $2,645,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,962,265 |
| Pension plan accruals and contributions | $2,300,807 |
| Other employee benefits | $10,244,736 |
| Payroll taxes | $10,758,966 |
| Fees for services: Management | $44,045,228 |
| Fees for services: Legal | $627,611 |
| Fees for services: Accounting | $366,000 |
| Fees for services: Lobbying | $116,172 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $441,061 |
| Office expenses | $887,806 |
| Information technology | $5,253,394 |
| Royalties | $0 |
| Occupancy | $9,960,820 |
| Travel | $24,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,751,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,968,333 |
| Insurance | $2,964,330 |
| All other expenses | $0 |
| Total functional expenses | $345,497,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,954,224 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,582,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,630,731 |
| Prepaid expenses and deferred charges | $1,523,897 |
| Net Land, buildings, and equipment | $87,103,953 |
| Investments—publicly traded securities | $2,608,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,729,459 |
| Total assets | $271,133,465 |
| Accounts payable and accrued expenses | $71,946,451 |
| Grants payable | $0 |
| Deferred revenue | $10,568,000 |
| Tax-exempt bond liabilities | $70,238,706 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,975,366 |
| Total liabilities | $233,728,523 |
| Net assets without donor restrictions | $36,304,942 |
| Net assets with donor restrictions | $1,100,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $271,133,465 |