Lifebridge Health Inc
- Assets
- $1.8b
- Revenue
- $264.7m
- Investments
- $240.0m
- Employees
- 1,196
- Location
- Baltimore, MD
- Founding
- 03/1986
- Data as of
- 06/2021
- 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 06/2021, 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. Lifebridge Health 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 06/2021, Lifebridge Health Inc generated $264.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $255.0m during the year ending 06/2021. While expenses have increased by 6.2% 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.
Since 2015, Lifebridge Health Inc has awarded 133 individual grants totaling $18,174,533. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
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 | $3,250,231 |
David Krajewski Exec Vp/cfo, Pres. Lb Partners | Officer | 40 | $1,637,764 |
Leslie Simmons Executive Vp, COO Lbh | Officer | 40 | $1,426,322 |
Tressa Springmann Svp/cio Lifebridge Health | Officer | 40 | $1,084,191 |
Jeanette Linder MD Chief - Radiation Oncology | 40 | $959,584 | |
Jason Weiner SVP And General Counsel | Officer | 40 | $875,971 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R2integrated It Services | 6/29/21 | $1,756,552 |
Cerner Corp It Services | 6/29/21 | $4,847,323 |
Receivables Outsourcing Collection Services | 6/29/21 | $1,990,341 |
Microsoft Corporation It Services | 6/29/21 | $2,042,626 |
Healthcare Legal Solutions Collection Services | 6/29/21 | $1,659,618 |
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 | $360,899 |
| Noncash contributions included in lines 1a–1f | $9,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,899 |
| Total Program Service Revenue | $260,503,856 |
| Investment income | $4,610,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$814,836 |
| 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 | $264,714,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,367,410 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,396,607 |
| Compensation of current officers, directors, key employees. | $13,990,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,157,030 |
| Pension plan accruals and contributions | $1,027 |
| Other employee benefits | $7,111,309 |
| Payroll taxes | $8,304,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $507,548 |
| Fees for services: Accounting | $898,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,860,193 |
| Advertising and promotion | $3,428,821 |
| Office expenses | $3,654,141 |
| Information technology | $21,605,100 |
| Royalties | $0 |
| Occupancy | $3,219,493 |
| Travel | $42,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,574 |
| Interest | $16,543,830 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,661,732 |
| Insurance | $16,462,450 |
| All other expenses | $0 |
| Total functional expenses | $255,011,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,618,564 |
| Savings and temporary cash investments | $9,046,730 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,567,951 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,219,681 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,781,703 |
| Net Land, buildings, and equipment | $107,799,250 |
| Investments—publicly traded securities | $941,721,975 |
| Investments—other securities | $240,035,208 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $496,082,357 |
| Total assets | $1,819,873,419 |
| Accounts payable and accrued expenses | $40,847,877 |
| Grants payable | $0 |
| Deferred revenue | $839,735 |
| Tax-exempt bond liabilities | $426,265,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,670,697 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,604,476 |
| Total liabilities | $612,227,785 |
| Net assets without donor restrictions | $1,207,464,320 |
| Net assets with donor restrictions | $181,314 |
| 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 | $1,819,873,419 |
Grants Awarded
Over the last fiscal year, Lifebridge Health Inc has awarded $7,270,115 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: EXEMPT PURPOSE | $6,716,632 |
Dallas, TX PURPOSE: EXEMPT PURPOSE | $427,083 |
Baltimore, MD PURPOSE: EXEMPT PURPOSE | $25,000 |
Owings Mills, MD PURPOSE: EXEMPT PURPOSE | $18,000 |
Towson, MD PURPOSE: EXEMPT PURPOSE | $10,650 |
Westminster, CA PURPOSE: EXEMPT PURPOSE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Lifebridge Health Inc has recieved totaling $1,296,800.
| Awarding Organization | Amount |
|---|---|
David And Barbara B Hirschhorn Foundation Inc Baltimore, MD PURPOSE: CAPITAL SUPPORT FOR THE CENTER FOR HOPE | $200,000 |
Blum Family Foundation Inc Baltimore, MD PURPOSE: HEALTH, EDUCATIONAL | $150,000 |
Aaron Straus And Lillie Straus Foundation Inc Baltimore, MD PURPOSE: ALL GENERAL SUPPORT | $134,500 |
Leonard And Helen R Stulman Charitable Foundation Inc Baltimore, MD PURPOSE: GENERAL | $100,000 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $80,000 |
Sandra And Malcolm Berman Charitable Foundation Inc Baltimore, MD PURPOSE: TO SUPPORT THE HOSPITAL'S MEDICAL RESEARCH | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hh Medstar Health Inc Columbia, MD | $303,491,180 | $865,504,764 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,298,014,981 | $561,406,992 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |
St Clair Health Corporation Pittsburgh, PA | $808,105,796 | $406,482,026 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
West Virginia United Health System Inc Morgantown, WV | $316,093,597 | $251,827,259 |
Medstar Health Inc Columbia, MD | $4,670,764,797 | $275,133,645 |
Lifebridge Health Inc Baltimore, MD | $1,819,873,419 | $264,714,796 |