Lima Memorial Professional Corporation
- Assets
- $7.6m
- Revenue
- $32.2m
- Investments
- $0.0
- Employees
- 421
- Location
- Lima, OH
- Founding
- 04/2002
- Data as of
- 12/2020
- EIN
- 34-1935236
Organization Overview
Lima Memorial Professional Corporation is located in Lima, OH. The organization was established in 2002. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Lima Memorial Professional Corporation employed 421 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lima Memorial Professional Corporation 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 12/2020, Lima Memorial Professional Corporation generated $32.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $58.1m during the year ending 12/2020. While expenses have increased by 12.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE HERE TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES THROUGH COMPREHENSIVE HEALTH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIMA MEMORIAL PROFESSIONAL CORPORATION IS AN EXTENDED NETWORK OF PRIMARY CARE, PEDIATRIC AND SPECIALIST PHYSICIANS. THE PRIMARY CARE SERVICE LINE IS THE PATIENT'S GATEWAY TO A WHOLE TEAM OF SPECIALTY PHYSICIANS. WITH AN EMPHASIS ON COLLABORATIVE, PATIENT-FOCUSED CARE, PATIENTS CAN TAKE GREAT COMFORT KNOWING AN ENTIRE TEAM IS WORKING TO PROVIDE YOU WITH THE VERY BEST CARE. THERE ARE 10 FAMILY MEDICINE LOCATIONS ACROSS LIMA AND THE SURROUNDING REGIONS, EXTENDED HOURS AND SAME-DAY APPOINTMENTS. LIMA MEMORIAL HAS THE TOP MEDICAL AND SURGICAL SPECIALISTS IN THE AREA WHO WORK COLLABORATIVELY WITH YOUR PRIMARY CARE PHYSICIAN. THE SPECIALTY SERVICES INCLUDES: ANESTHESIOLOGY, CARDIAC SERVICES, DIABETES, EAR, NOSE & THROAT, GENERAL SURGERY, HEMATOLOGY/MEDICAL ONCOLOGY, INTERNAL MEDICINE, KIDNEY SERVICES, NEUROSURGERY & NEUROLOGY, NURSE-MIDWIFERY, OBSTETRICS/GYNECOLOGY, PALLIATIVE CARE, PEDIATRIC SERVICES, PODIATRY, PROCTOLOGY, PULMONARY MEDICINE, RADIATION ONCOLOGY, RHEUMATOLOGY, SLEEP DISORDERS, UROLOGY AND VEIN CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul N Anike MD Physician (see Sch J) | 50 | $1,041,946 | |
Jeffrey Lobel MD Physician (see Sch J) | 50 | $986,752 | |
Venkat R Battula MD Physician (see Sch J) | 50 | $968,103 | |
Mehran Arabpour MD Physician (see Sch J) | 50 | $918,572 | |
Brandon E Colvin MD Physician (see Sch J) | 50 | $917,013 | |
Jeremy Heffner MD Board Member (see Sch J) | Trustee | 50 | $803,843 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locumtenens Locum Tenems | 12/30/21 | $1,351,992 |
National Anesthesia Services Inc Locum Tenems | 12/30/21 | $1,339,833 |
Eclinicalworks Llc Software Services | 12/30/21 | $568,356 |
Christian Medical Associates Pc Locum Tenems | 12/30/21 | $839,786 |
Weatherby Locums Inc Locum Tenems | 12/30/21 | $533,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $632,336 |
| 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 | $632,336 |
| Total Program Service Revenue | $31,593,327 |
| Investment income | $1,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,249,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $3,613,967 |
| Compensation of current officers, directors, key employees. | $331,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,085,459 |
| Pension plan accruals and contributions | $832,590 |
| Other employee benefits | $3,655,310 |
| Payroll taxes | $1,726,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,101,918 |
| Advertising and promotion | $6,392 |
| Office expenses | $559,656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $206,442 |
| Travel | $97,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,725 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,602 |
| Insurance | $826,334 |
| All other expenses | $326,389 |
| Total functional expenses | $58,073,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,562 |
| Savings and temporary cash investments | $1,554,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,028,808 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $718,685 |
| Inventories for sale or use | $201,765 |
| Prepaid expenses and deferred charges | $367,943 |
| Net Land, buildings, and equipment | $252,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,572,522 |
| Accounts payable and accrued expenses | $4,192,519 |
| Grants payable | $0 |
| Deferred revenue | $993,687 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $182,065,859 |
| Total liabilities | $187,266,915 |
| Net assets without donor restrictions | -$179,694,393 |
| Net assets with donor restrictions | $0 |
| 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 | $7,572,522 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msu Health Care Inc Lansing, MI | $36,553,428 | $115,734,137 |
Partners Physician Group Independence, OH | $14,796,908 | $75,708,138 |
Mclaren Medical Group Flint, MI | $116,247,152 | $95,809,958 |
Kings Daughters Medical Specialties Inc Ashland, KY | $18,582,367 | $68,102,395 |
Pinnacle Health Regional Physicians Harrisburg, PA | $6,138,085 | $78,224,269 |
Indiana University Radiology Associates Inc Iu Medical Indianapolis, IN | $48,207,425 | $62,520,619 |
Lima Memorial Professional Corporation Lima, OH | $7,572,522 | $32,249,326 |
Southwest General Medical Group Inc Middleburg Heights, OH | $21,055,566 | $33,302,306 |
Akron General Partners Inc Independence, OH | $5,109,980 | $50,468,917 |
Great Lakes Physician Practice Pc Pittsburgh, PA | $14,269,559 | $33,003,744 |
United Physicians Care Inc Shinnston, WV | $7,483,188 | $43,634,994 |
Promedica Northwest Ohio Cardiology Consultants Llc Toledo, OH | $2,020,933 | $21,821,375 |