Totals
- Total revenue
- $6,879,099
- Total expenses
- $6,835,764
- Contributions and grants received
- $48,000
- Grants paid
- $0
- Program service revenue
- $6,786,045
- Investment income
- $5,389
- Other revenue
- $39,665
- Total assets, end of year
- $2,831,990
- Total liabilities, end of year
- $1,395,497
- Net assets or fund balances, end of year
- $1,436,493
- Program services expenses (Part IX)
- $5,564,679
- Management and general expenses
- $1,271,085
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,564,679
Program services were 81.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$48,000
-
2a · Program service revenue: NET PATIENT SERVICE REVENUE
total $6,734,763 · related or exempt $6,734,763
-
2b · Program service revenue: OHA INCENTIVE PROGRAM
total $51,282 · related or exempt $51,282
-
3 · Investment income
total $5,389 · excluded $5,389
-
11a · Other revenue: MISCELLANEOUS INCOME
total $39,665 · related or exempt $39,660 · excluded $5
-
11e · Other revenue, total
$39,665
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $113,840 · management and general $113,840
-
7 · Other salaries and wages
total $1,994,816 · program services $1,903,743 · management and general $91,073
-
8 · Pension plan contributions
total $12,816 · program services $12,816
-
9 · Other employee benefits
total $277,923 · program services $269,898 · management and general $8,025
-
10 · Payroll taxes
total $166,100 · program services $149,490 · management and general $16,610
-
11a · Fees: management
total $427,296 · management and general $427,296
-
11b · Fees: legal
total $22,376 · management and general $22,376
-
11g · Fees: other
total $2,759,524 · program services $2,211,121 · management and general $548,403
-
13 · Office expenses
total $14,835 · program services $9,276 · management and general $5,559
-
16 · Occupancy
total $275,681 · program services $248,113 · management and general $27,568
-
17 · Travel
total $10,089 · program services $10,089
-
20 · Interest
total $7 · management and general $7
-
22 · Depreciation, depletion and amortization
total $19,934 · program services $17,941 · management and general $1,993
-
23 · Insurance
total $83,350 · program services $75,015 · management and general $8,335
-
24a · Other expenses: BAD DEBTS
total $466,048 · program services $466,048
-
24b · Other expenses: MEDICAL SUPPLIES
total $187,565 · program services $187,565
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $3,564 · program services $3,564
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,110,661 · end of year $1,210,042
-
4 · Accounts receivable
beginning of year $1,057,730 · end of year $1,132,841
-
8 · Inventories for sale or use
beginning of year $52,239 · end of year $37,539
-
9 · Prepaid expenses and deferred charges
beginning of year $46,244 · end of year $12,039
-
10a · Land, buildings and equipment: cost or other basis
$1,029,862
-
10b · Land, buildings and equipment: accumulated depreciation
$624,700
-
10c · Land, buildings and equipment, net
beginning of year $35,839 · end of year $405,162
-
15 · Other assets
beginning of year $44,097 · end of year $34,367
-
17 · Accounts payable and accrued expenses
beginning of year $1,803,652 · end of year $907,390
-
23 · Secured mortgages and notes payable
end of year $338,107
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $150,000
-
27 · Net assets without donor restrictions
beginning of year $1,393,158 · end of year $1,436,493
Mission and programs · 2022
Mission
TO CREATE, CONSTRUCT, ACQUIRE, OWN, MANAGE, OPERATE, CONTROL, OR MAINTAIN ONE OR MORE HOSPITALS OR OTHER FACILITIES, INSTITUTIONS, PROGRAMS, OR FOUNDATIONS FOR THE PROVISION OF OR ENGAGEMENT IN ANY AND ALL HEALTHCARE OR HEALTHCARE-RELATED SERVICES OR ACTIVITIES.
Activities or mission (Part I)
TO PROVIDE HEALTHCARE AND HEALTHCARE-RELATED SERVICES AND ACTIVITIES.
-
SPECIALTY HOSPITAL OF LORAIN IS A 28-BED LONG-TERM ACUTE CARE HOSPITAL (LTACH) WITH THE PRIMARY PURPOSE OF PROVIDING LONG-TERM HEALTH CARE SERVICES TO THE CITIZENS OF LORAIN COUNTY, OHIO AND THE SURROUNDING AREA THROUGH ITS LONG-TERM CARE FACILITIES.
Expenses $5,564,679 · Revenue $6,825,705
As filed on the 2022 return.
Listed in Part VII
-
SUE BOWERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CINDY DENNISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TODD HARFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY CLOSE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN CORCORAN
TRUSTEE (TERM 7/23)
- Total calculated
- $0
- Hours/week
- 1
-
LORI ISON
CNO/CCO
- Total calculated
- $113,840
- From this org
- $90,361
- From related orgs
- $0
- Other
- $23,479
- Hours/week
- 40
-
MICHELLE HENNIS
INTERIM PRESIDENT & CEO/CFO
- Total calculated
- $0
- Hours/week
- 20
-
VERNITA MAHONE-MARN
CLINICAL RN
- Total calculated
- $118,699
- From this org
- $109,468
- From related orgs
- $0
- Other
- $9,231
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333119349304038
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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