Lawrence General Hospital
- Assets
- $303.9m
- Revenue
- $317.5m
- Investments
- $0.0
- Employees
- 2,446
- Location
- Lawrence, MA
- Founding
- 08/1942
- Data as of
- 09/2021
- 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 09/2021, Lawrence General Hospital employed 2,446 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 09/2021, Lawrence General Hospital generated $317.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $326.3m during the year ending 09/2021. While expenses have increased by 5.2% per year over the past 6 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
2021
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 42,021 PATIENT DAYS OF INPATIENT SERVICES WITH 10,422 DISCHARGES DURING FY 2021.
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 2021, LAWRENCE GENERAL HOSPITAL HAD 497,664 OUTPATIENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah J Wilson President & CEO | OfficerTrustee | 50 | $897,150 |
Dianne J Anderson Former Pres & CEO (end 10/19) | 50 | $740,511 | |
Jason D Reid Physician (ortho Trauma) | 40 | $560,089 | |
John J Brady Physician | 40 | $556,643 | |
Karen Moore Sr VP Ops/chief Nursing Ofcr | 40 | $454,623 | |
George Kondylis MD Chief Medical Officer | 40 | $452,011 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guidehouse Inc Consulting Services | 9/29/21 | $2,107,451 |
Greater Lawrence Family Health Ctr Intern & Resi. Srvcs | 9/29/21 | $3,950,000 |
North American Partners In Anesthes Anesthesia Services | 9/29/21 | $4,129,288 |
Gre Andover Medical Center Property Rental Svcs | 9/29/21 | $2,815,444 |
Autumn Enterprises Inc Dba Freed Nursing Services | 9/29/21 | $3,307,372 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,321,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,321,122 |
| Total Program Service Revenue | $282,884,810 |
| Investment income | $125,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,771,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,528,046 |
| 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. | $2,079,436 |
| Compensation of current officers, directors, key employees. | $2,079,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,821,153 |
| Pension plan accruals and contributions | $1,765,386 |
| Other employee benefits | $15,851,157 |
| Payroll taxes | $10,374,602 |
| Fees for services: Management | $36,364,994 |
| Fees for services: Legal | $699,974 |
| Fees for services: Accounting | $389,280 |
| Fees for services: Lobbying | $108,181 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $163,960 |
| Office expenses | $1,195,347 |
| Information technology | $4,641,911 |
| Royalties | $0 |
| Occupancy | $9,542,442 |
| Travel | $178,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,954,650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,429,227 |
| Insurance | $4,372,534 |
| All other expenses | $0 |
| Total functional expenses | $326,348,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,291,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,918,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,835,000 |
| Inventories for sale or use | $9,926,222 |
| Prepaid expenses and deferred charges | $1,754,221 |
| Net Land, buildings, and equipment | $102,318,705 |
| Investments—publicly traded securities | $2,726,540 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,157,883 |
| Total assets | $303,928,617 |
| Accounts payable and accrued expenses | $35,149,664 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $73,049,883 |
| 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 | $122,894,463 |
| Total liabilities | $231,094,010 |
| Net assets without donor restrictions | $71,734,607 |
| 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 | $303,928,617 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lawrence General Hospital has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
The Andover Companies Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Joseph And Eva Flaherty Charitable Trust Andover, MA PURPOSE: UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $1,100,000 |
| Ending Balance | $1,100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |