Lifebridge Health Inc
- Assets
- $1.7b
- Revenue
- $246.3m
- Investments
- $243.2m
- Employees
- 1,196
- Location
- Baltimore, MD
- Founding
- 03/1986
- Data as of
- 06/2020
- EIN
- 52-1402373
Organization Overview
Lifebridge Health Inc is located in Baltimore, MD. The organization was established in 1986. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2020, Lifebridge Health Inc employed 1,196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Lifebridge Health Inc generated $246.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $251.7m during the year ending 06/2020. While expenses have increased by 7.2% per year over the past 5 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 2015, Lifebridge Health Inc has awarded 107 individual grants totaling $7,787,816. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE MISSIONS OF ITS SUBSIDIARIES, INCLUDING SINAI HOSPITAL OF BALTIMORE, NORTHWEST HOSPITAL CENTER, LEVINDALE HEBREW GERIATRIC CENTER AND HOSPITAL, CARROLL HOSPITAL CENTER, BALTIMORE CHILD ABUSE CENTER, AND GRACE MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO ESTABLISH AND MANAGE A HEALTH CARE SYSTEM IN SUPPORT OF THE FOLLOWING 501 (C)(3) ORGANIZATIONS: SINAI HOSPITAL OF BALTIMORE, INC., NORTHWEST HOSPITAL CENTER, INC., LEVINDALE HEBREW GERIATRIC CENTER AND HOSPITAL, INC., CARROLL HOSPITAL CENTER, INC., GRACE MEDICAL CENTER INC., BALTIMORE CHILD ABUSE CENTER, INC., AND WEST BALTIMORE RENAISSANCE FOUNDATION, INC.
THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO ESTABLISH AND MANAGE A HEALTH CARE SYSTEM IN SUPPORT OF THE FOLLOWING 501 (C)(3) ORGANIZATIONS: SINAI HOSPITAL OF BALTIMORE, INC., NORTHWEST HOSPITAL CENTER, INC., LEVINDALE HEBREW GERIATRIC CENTER AND HOSPITAL, INC., CARROLL HOSPITAL CENTER, INC., GRACE MEDICAL CENTER INC., BALTIMORE CHILD ABUSE CENTER, INC., AND WEST BALTIMORE RENAISSANCE FOUNDATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Meltzer President/ceo | Officer | 40 | $2,328,138 |
David Krajewski Exec Vp/cfo, President Lb Partners | Officer | 40 | $1,261,959 |
Leslie Simmons Exec Vp, Pres Carroll Hosp, Interim COO Nw Hosp | Officer | 16 | $1,179,170 |
Jeanette Linder MD Chief-Radiation Oncology | 40 | $951,055 | |
Jonathan Ringo MD SVP Lbh And Pres./coo Sinai | Officer | 1 | $918,856 |
Tressa Springmann Svp/cio Lifebridge Health | Officer | 40 | $840,569 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Information Technology Services | 6/29/20 | $5,038,032 |
Strawberry Frog Marketing | 6/29/20 | $2,276,231 |
Allegis Global Solutions Recruiting Services | 6/29/20 | $2,036,944 |
Microsoft Corporation Information Technology Services | 6/29/20 | $1,848,360 |
Receivables Outsourcing Collection Services | 6/29/20 | $1,788,865 |
Cerner Corporation Information Technology Services | 6/29/20 | $5,038,032 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,059,819 |
| Related organizations | $0 |
| Government grants | $82,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,005 |
| Noncash contributions included in lines 1a–1f | $100,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,407,359 |
| Total Program Service Revenue | $244,035,803 |
| Investment income | $262,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,343,735 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$107,333 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,264,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,225,513 |
| 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. | $16,292,613 |
| Compensation of current officers, directors, key employees. | $11,419,777 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,924,336 |
| Pension plan accruals and contributions | $4,975 |
| Other employee benefits | $8,882,647 |
| Payroll taxes | $7,467,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $609,932 |
| Fees for services: Accounting | $753,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,692,389 |
| Advertising and promotion | $4,336,791 |
| Office expenses | $3,296,841 |
| Information technology | $19,344,840 |
| Royalties | $0 |
| Occupancy | $3,440,554 |
| Travel | $152,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $534,988 |
| Interest | $16,729,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,982,036 |
| Insurance | $22,053,924 |
| All other expenses | $0 |
| Total functional expenses | $251,737,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,720,473 |
| Savings and temporary cash investments | $6,988,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,160,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,216,008 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,019,597 |
| Net Land, buildings, and equipment | $118,095,982 |
| Investments—publicly traded securities | $843,263,648 |
| Investments—other securities | $243,236,291 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $463,257,108 |
| Total assets | $1,699,958,285 |
| Accounts payable and accrued expenses | $37,518,009 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $387,498,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $86,610,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $211,479,127 |
| Total liabilities | $723,105,962 |
| Net assets without donor restrictions | $976,671,135 |
| Net assets with donor restrictions | $181,188 |
| 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 | $1,699,958,285 |
Grants Awarded
Over the last fiscal year, Lifebridge Health Inc has awarded $6,233,204 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $2,758,118 |
Baltimore, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $2,758,118 |
Owings Mills, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $100,000 |
Owings Mills, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $100,000 |
Dallas, TX PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $93,750 |
Dallas, TX PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $93,750 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Lifebridge Health Inc has recieved totaling $147,500.
| Awarding Organization | Amount |
|---|---|
Hope For Henry Foundation Washington, DC PURPOSE: FUND CHILD LIFE SPECIALIST POSITION | $69,000 |
Footlick Family Foundation Inc Pikesville, MD PURPOSE: GENERAL FUNDS | $32,500 |
The Blavatt Glazer Cogan Foundation Inc Baltimore, MD PURPOSE: OPERATIONS (UNRESTRICTED) | $26,000 |
Louis And Dora Smith Foundation Inc Bethesda, MD PURPOSE: DR. AZIZA SHAD | $5,000 |
Louis And Dora Smith Foundation Inc Bethesda, MD PURPOSE: HOPE FOR HENRY | $5,000 |
Louis And Dora Smith Foundation Inc Bethesda, MD PURPOSE: CARE BRAVELY COMPASSION FUND | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Health System Winchester, VA | $1,549,813,292 | $971,556,673 |
Hh Medstar Health Inc Columbia, MD | $274,382,303 | $721,475,371 |
Geisinger System Services Danville, PA | $1,232,810,236 | $618,204,760 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,290,415,695 | $607,565,105 |
West Virginia University Medical Corporation Morgantown, WV | $214,506,096 | $531,045,841 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,389,436,473 | $474,651,056 |
Wheeling Hospital Inc Wheeling, WV | $414,256,506 | $408,674,029 |
St Clair Health Corporation Pittsburgh, PA | $677,559,728 | $368,559,134 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Highmark Health Pittsburgh, PA | $520,915,329 | $331,096,827 |
Medstar Health Inc Columbia, MD | $4,670,764,797 | $275,133,645 |