Lawrence And Memorial Hospital Inc

Organization Overview

Lawrence And Memorial Hospital Inc is located in New London, CT. The organization was established in 1937. 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 And Memorial Hospital Inc employed 2,603 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence And Memorial Hospital Inc 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 And Memorial Hospital Inc generated $440.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $419.9m during the year ending 09/2021. While expenses have increased by 3.3% 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.

Since 2016, Lawrence And Memorial Hospital Inc has awarded 38 individual grants totaling $701,505. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE HEALTH OF THE REGION AND TO PROVIDE HEALTHCARE SERVICES.

Describe the Organization's Program Activity:

SEE SCHEDULE O


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Board, Officers & Key Employees

Name (title)Compensation
Patrick L Green
President/trustee
$803,102
Denise Fiore
Svp, COO (vested Deferred)
$93,293
Stephen Allegretto
Svp, CFO
$566,881
Benjamin Armstrong
Ed Physician
$546,219
Craig Mittleman
Ed Medical Director
$516,989
Donna Epps
Vp, Chro
$432,188

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vizient Inc
Healthcare Improvement
$3,573,642
Ipc Hospitalists
Hospitalists
$3,494,854
Anesthesia Associates Of New London
Medical Services
$3,207,916
Unitex Textile Rental Service
Linens/laundering
$1,388,039
Quest Diagnostic
Lab Services
$864,830
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$180,230
Related organizations$0
Government grants $31,091,169
All other contributions, gifts, grants, and similar amounts not included above$636,409
Noncash contributions included in lines 1a–1f $33,982
Total Revenue from Contributions, Gifts, Grants & Similar$31,907,808
Total Program Service Revenue$400,513,833
Investment income $2,204,857
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $52,423
Net Gain/Loss on Asset Sales $1,988,479
Net Income from Fundraising Events -$39,382
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $440,849,922

Grants Awarded

Over the last fiscal year, Lawrence And Memorial Hospital Inc has awarded $35,750 in support to 3 organizations.

Grant RecipientAmount

MYSTIC CHAMBER OF COMMERCE

Org PageRecipient Profile

Mystic, CT

PURPOSE: SUPPORT ORGANIZATION

$18,750

CHAMBER OF COMMERCE OF EASTERN CONNECTICUT

Org PageRecipient Profile

Waterford, CT

PURPOSE: SUPPORT ORGANIZATION

$11,000

CHILDRENS MUSEUM OF SOUTHEASTERN CONNECTICUT

Org PageRecipient Profile

Niantic, CT

PURPOSE: SUPPORT ORGANIZATION

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Lawrence And Memorial Hospital Inc has recieved totaling $121,508.

Awarding OrganizationAmount
$50,000
William S Thomas Trust Nect

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$49,079
Winifred C Whiton Trust Ua

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$16,429
Woodland Foundation Inc

New York, NY

PURPOSE: GENERAL EXPENSES

$5,000
Peter And Deborah Lamm Foundation

Boston, MA

PURPOSE: GENERAL PURPOSES

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$26,457,643
Earnings$6,382,299
Admin Expense$63,517
Other Expense$604,984
Ending Balance$32,171,441

Peer Organizations

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