Lawrence Memorial Health Foundation
- Assets
- $19.7m
- Revenue
- $22.1m
- Investments
- $0.0
- Employees
- 228
- Location
- Walnut Ridge, AR
- Founding
- 10/2019
- Data as of
- 06/2021
- EIN
- 73-1547175
Organization Overview
Lawrence Memorial Health Foundation, operating under the name Lawrence Memorial Hospital, is located in Walnut Ridge, AR. The organization was established in 2019. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Lawrence Memorial Hospital employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Memorial 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 06/2021, Lawrence Memorial Hospital generated $22.1m in total revenue. All expenses for the organization totaled $16.4m during the year ending 06/2021. While expenses have increased by 199.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAWRENCE MEMORIAL HEALTH FOUNDATION INC'S MISSION IS TO PROVIDE COMPASSIONATE, QUALITY HEALTHCARE TO THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ROUTINE HOSPITAL CARE, OUTPATIENT AND CLINICAL SERVICES TO PATIENTS IN AND AROUND LAWRENCE COUNTY. 2,358 INPATIENT DAYS, 19,686 OUTPATIENT ADMISSIONS, 5,464 EMERGENCY ROOM ADMISSIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Diamond Physician | 64 | $506,130 | |
Paul Vellozo Physician | 60 | $235,436 | |
Makayla Flanrey Pharmacist | 40 | $129,785 | |
Vanessa Wagner CFO | Officer | 40 | $89,194 |
Ernest Briner COO | Officer | 40 | $84,963 |
Bonita Staudt Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert E Alleman Md Pa Er Physician | 6/29/21 | $358,460 |
St Bernards Medical Center Lab Pharmacy Etc Sv | 6/29/21 | $441,533 |
Therapy Providers Of Arkansas Therapy Svcs | 6/29/21 | $488,170 |
St Bernards Healthcare Consulting Admin Svc | 6/29/21 | $848,963 |
William Kent Md Er Physician | 6/29/21 | $327,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $409,252 |
| Government grants | $7,419,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $393,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,221,926 |
| Total Program Service Revenue | $11,859,103 |
| Investment income | $8,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,518 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,078,590 |
| 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. | $196,510 |
| Compensation of current officers, directors, key employees. | $196,510 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,733,698 |
| Pension plan accruals and contributions | $49,236 |
| Other employee benefits | $988,384 |
| Payroll taxes | $494,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,433 |
| Fees for services: Accounting | $129,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,104,111 |
| Advertising and promotion | $21,846 |
| Office expenses | $280,527 |
| Information technology | $236,336 |
| Royalties | $0 |
| Occupancy | $49,084 |
| Travel | $18,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $978,541 |
| Insurance | $200,091 |
| All other expenses | $243,991 |
| Total functional expenses | $16,386,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,258,906 |
| Savings and temporary cash investments | $150,407 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,892,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $191,737 |
| Prepaid expenses and deferred charges | $248,109 |
| Net Land, buildings, and equipment | $11,119,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,831,726 |
| Total assets | $19,692,878 |
| Accounts payable and accrued expenses | $2,218,729 |
| Grants payable | $0 |
| Deferred revenue | $469,236 |
| 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 | $1,135,773 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $643,000 |
| Total liabilities | $4,466,738 |
| Net assets without donor restrictions | $15,197,308 |
| Net assets with donor restrictions | $28,832 |
| 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 | $19,692,878 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lawrence Memorial Health Foundation has recieved totaling $40,468.
| Awarding Organization | Amount |
|---|---|
Arkansas Hospital Association Inc Little Rock, AR PURPOSE: COVID-19 GRANT | $40,468 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utmb Healthcare Systems Inc Galveston, TX | $28,068,247 | $51,722,720 |
Acadia General Hospital Inc Crowley, LA | $28,138,609 | $49,974,389 |
Drew Memorial Hospital Inc Monticello, AR | $65,272,333 | $54,246,606 |
Gainesville Community Hospital Inc Gainesville, TX | $14,528,916 | $44,869,331 |
Ascension River District Hospital St Louis, MO | $14,126,181 | $36,847,303 |
Monroe Health Services Inc Tupelo, MS | $25,250,042 | $45,516,589 |
Mercy Hospital Lincoln Troy, MO | $8,498,230 | $49,593,146 |
Saint Lukes Hospital Of Trenton Trenton, MO | $38,756,307 | $41,833,372 |
Methodist Hospital Houston, TX | $787,418,413 | $99,503,615 |
Laird Hospital Inc Union, MS | $76,510,652 | $38,978,099 |
Claiborne Medical Center Knoxville, TN | $16,448,383 | $38,347,834 |
United Regional Physician Group Wichita Falls, TX | $5,978,932 | $19,766,875 |