Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,460,024

• 1f · All other contributions, gifts and grants

  $553,500

• 2a · Program service revenue: NET PATIENT REVENUE

  total $305,304,534 · related or exempt $305,304,534

• 2b · Program service revenue: NET PATIENT REVENUE (LAB RECEIPTS)

  total $1,387,394 · unrelated business $1,387,394

• 2c · Program service revenue: LIHPN MEMBER MANAGEMENT FEES

  total $498,848 · related or exempt $498,848

• 2d · Program service revenue: LIHPN ANNUAL DUES

  total $437,313 · related or exempt $437,313

• 3 · Investment income

  total $695,201 · excluded $695,201

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $663,371

• 7b · Less cost or other basis and sales expenses

  securities $636,517

• 7c · Gain or loss

  securities $26,854

• 7d · Net gain or loss

  total $26,854 · excluded $26,854

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: WAIVER/DSTI RECEIPTS

  total $13,684,860 · related or exempt $13,684,860

• 11b · Other revenue: MEALS

  total $603,335 · related or exempt $603,335

• 11c · Other revenue: DSRIP

  total $549,785 · related or exempt $549,785

• 11d · All other revenue

  total $6,747,352 · related or exempt $6,747,352

• 11e · Other revenue, total

  $21,585,332

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $2,169,611 · management and general $2,169,611

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $148,658,476 · program services $123,028,995 · management and general $25,242,067 · fundraising $387,414

• 8 · Pension plan contributions

  total $2,555,492 · program services $2,114,912 · management and general $433,920 · fundraising $6,660

• 9 · Other employee benefits

  total $12,609,140 · program services $10,358,470 · management and general $2,218,052 · fundraising $32,618

• 10 · Payroll taxes

  total $11,171,906 · program services $9,245,812 · management and general $1,896,979 · fundraising $29,115

• 11a · Fees: management

  total $39,492,488 · program services $23,208,136 · management and general $16,284,352

• 11b · Fees: legal

  total $602,812 · program services $134,625 · management and general $468,187

• 11c · Fees: accounting

  total $599,844 · management and general $599,844

• 11d · Fees: lobbying

  total $64,113 · management and general $64,113

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $625,800 · program services $0 · management and general $625,800 · fundraising $0

• 12 · Advertising and promotion

  total $456,739 · management and general $456,739

• 13 · Office expenses

  total $617,762 · program services $376,579 · management and general $240,800 · fundraising $383

• 14 · Information technology

  total $5,532,941 · program services $136,494 · management and general $5,396,447

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $10,464,869 · program services $6,217,330 · management and general $4,247,539

• 17 · Travel

  total $25,174 · program services $8,396 · management and general $16,778

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $312 · management and general $312

• 20 · Interest

  total $3,679,996 · management and general $3,679,996

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $11,801,466 · management and general $11,801,466

• 23 · Insurance

  total $3,008,969 · management and general $3,008,969

• 24a · Other expenses: SUPPLIES AND EQUIPMENT

  total $34,933,049 · program services $34,923,783 · management and general $9,266 · fundraising $0

• 24b · Other expenses: MISCELLANEOUS EXPENSES

  total $52,159,722 · program services $38,517,711 · management and general $13,639,983 · fundraising $2,028

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $25,954,224 · end of year $47,119,129

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $40,582,322 · end of year $40,255,434

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $9,630,731 · end of year $8,491,806

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,523,897 · end of year $1,570,162

• 10a · Land, buildings and equipment: cost or other basis

  $275,199,616

• 10b · Land, buildings and equipment: accumulated depreciation

  $192,488,000

• 10c · Land, buildings and equipment, net

  beginning of year $87,103,953 · end of year $82,711,616

• 11 · Investments: publicly traded securities

  beginning of year $2,608,879 · end of year $3,164,878

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $103,729,459 · end of year $115,957,099

• 17 · Accounts payable and accrued expenses

  beginning of year $71,946,451 · end of year $69,527,446

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $10,568,000 · end of year $10,924,816

• 20 · Tax-exempt bond liabilities

  beginning of year $70,238,706 · end of year $68,730,584

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $80,975,366 · end of year $123,822,963

• 27 · Net assets without donor restrictions

  beginning of year $36,304,942 · end of year $25,164,315

• 28 · Net assets with donor restrictions

  beginning of year $1,100,000 · end of year $1,100,000

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:

THE CEO'S COMPENSATION IS ESTABLISHED BY THE FOLLOWING METHODS: (A) COMPENSATION COMMITTEE, (B) INDEPENDENT COMPENSATION CONSULTANT, (C) FORM 990 OF OTHER ORGANIZATIONS, (D) WRITTEN EMPLOYMENT CONTRACT, (E) COMPENSATION SURVEY AND (F) APPROVAL BY AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.

SCHEDULE J, PART I, LINE 4B:

AS PART OF ITS TOTAL COMPENSATION PACKAGE FOR EXECUTIVE-LEVEL EMPLOYEES, LAWRENCE GENERAL HOSPITAL, OFFERS 403(B), 457(B) AND 457(F) NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLANS. FOR THE 2023 CALENDAR YEAR, LAWRENCE GENERAL HOSPITAL CONTRIBUTED THESE AMOUNTS TO THE FOLLOWING EMPLOYEES LISTED ON FORM 990, SCHEDULE J, PART II: SUNIT MUKHERJEE, MD, 403B PLAN ($0), 457B PLAN ($11,731), 457F PLAN ($0); JASON D. REID, MD, 403B PLAN ($9,890), 457B PLAN ($0), 457F PLAN ($0); ROBIN HYNDS, 403B PLAN ($6,970), 457B PLAN ($22,500), 457F PLAN ($24,501); DEBORAH J. WILSON, 403B PLAN ($9,910), 457B PLAN ($22,500), 457F PLAN ($33,750); GEORGE KONDYLIS, MD, 403B PLAN ($9,890), 457B PLAN ($22,500), 457F PLAN ($19,572); JOHN J. BRADY, MD, 403B PLAN ($3,941), 457B PLAN ($0), 457F PLAN ($0); WILLIAM SULLIVAN, 403B PLAN ($6,280), 457B PLAN ($22,500), 457F PLAN ($17,252); LISA CRUTCHFIELD, 403B PLAN ($6,015), 457B PLAN ($22,500), 457F PLAN ($7,750);

SCHEDULE J, PART II, COLUMN C:

THE RETIREMENT AND DEFERRED COMPENSATION NUMBERS CONSIST OF THE FOLLOWING PLANS: 403(B) EMPLOYER PAID MATCH 457(B) SERP PLAN #4 EMPLOYER PAID 457(F) EMPLOYER PAID MATCH

SCHEDULE J, PART II, COLUMN D:

THE NONTAXABLE BENEFITS CONSIST OF THE FOLLOWING: HEALTH INSURANCE DENTAL INSURANCE STANDARD INSURANCE - LTD INSURANCE PRINCIPAL/PRINCIPAL FINANCIAL GROUP - LTD INSURANCE NY LIFE - LTD INSURANCE NATIONWIDE - LIFE INSURANCE

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• LAWRENCE INTE HEALTH PROVIDER ACO LLC

  MEDICARE SRVS · MA · income $0 · assets $0

  Directly controlled by LGH INC

• LAWRENCE INTE HEALTH PROV NETWORK LLC

  MEMB. NETWORK · MA · income -$746,000 · assets $784,000

  Directly controlled by LGH INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• MERRIMACK VALLEY IN MOTION LLC

  RELATED · MGMT SERVICES · MA · 50.1% owned · share of income $549,542 · share of assets $381,211

  Directly controlled by LGHINC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• LGH HEALTH ENTERPRISES INC

  C-CORP · HEALTHCARE MG · MA · 100% owned · share of income $0 · share of assets $2,137,793 · controlled entity

  Directly controlled by LGH INC

• LGH PHYSICIAN ASSOCIATES PC

  C-CORP · PHYSICIAN PRAC. · MA · 100% owned · share of income $4,430,283 · share of assets $1,108,477 · controlled entity

  Directly controlled by LGH INC