Lima Memorial Foundation FY2022 filing

Tax-deductible

Lima, OH501(c)(3)EIN 34-1707570

The mission of the lima memorial foundation is to provide quality health care through philanthropy to the communities which lima memorial health system serves.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
5 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
86%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
27 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
6
named funders · $73K
Funders’ Sch. I, 990-PF
Do they carry debt?
$16K
liabilities
Pt X · Ln 26
Who oversees it?
16
independent of 19 voting board members
Pt VI · Ln 1a–1b
Revenue
$2.1M
-12% vs prior year
Spent
$108K
To programs
86%
Net assets
$8.3M
By yearFY2020–FY2024
Revenue
$2.1M
FY2022▼ -12%
Revenue by fiscal year
FY2020$1.7M
FY2021$2.4M
FY2022$2.1M
FY2023$2.0M
FY2024$2.3M
Expenses
$108K
FY2022▲ +59%
Expenses by fiscal year
FY2020$65K
FY2021$68K
FY2022$108K
FY2023$137K
FY2024$150K
Net assets
$8.3M
FY2022▼ -20%
Net assets by fiscal year
FY2020$9.1M
FY2021$10.4M
FY2022$8.3M
FY2023$9.9M
FY2024$11.8M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CLima Memorial Foundation
EINHdr · item D34-1707570
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 1993
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLima, OH
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$93K
Management & general14%$15K
Total functional expensesLn 25$108K

Financial health

Is it on solid ground?

Net inflow
+95%
revenue over expenses, this year
Pass-through gifts
89%
of revenue from contributions
Program spending
86%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$8.4M
FY2022▼ -20%
Total assets by fiscal year
FY2020$9.2M
FY2021$10.4M
FY2022$8.4M
FY2023$9.9M
FY2024$11.8M
Total liabilities
$16K
FY2022
Total liabilities by fiscal year
FY2020$64K
FY2021$0
FY2022$16K
FY2023−$2K
FY2024$18K
Revenue less expensesPt I · Ln 19$2.0M
Total assetsPt X · Ln 16$8.4M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 416

Balance Sheet

Part X · end of year
CashLn 1$241K
Total assetsLn 16$8.4M
Total liabilitiesLn 26$16K
Total net assetsLn 32$8.3M
Months of cash on handcomputed26.7

Statement of Revenue

Part VIII
Contributions & grants$1.9M · 89%
Investment income$367K · 17%
Contributions & grants89%$1.9M
Investment income17%$367K
Total revenueLn 12$2.1M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.1M · Operating expenses (Pt IX) $108K · Less non-cash grants $129K · Cash operating expenses/yr −$21K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $93K · Total expenses $108K
86%
Management & General
Management & general $15K · Total expenses $108K
14%
Fundraising
Fundraising $0 · Total expenses $108K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.6M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.9M · Total revenue $2.1M
89%
Government reliance
Government grants — · Total revenue $2.1M
—
Earned-income share
Program service revenue $0 · Total revenue $2.1M
0%
Investment reliance
Investment income $367K · Total revenue $2.1M
+17%
Program self-sufficiency
Program service revenue $0 · Total expenses $108K
0%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $2.4M
-12%
Net-asset trend (YoY)
End of year $8.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $108K
+95%
Liabilities-to-Assets
Total liabilities — · Total assets $8.4M
—
Net-asset ratio
Net assets $8.3M · Total assets $8.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $7.8M · Total assets (Pt X, ln 16) $8.4M
94%
People & payroll
Highest Reported Total Compensation
Individual Michael Swick · Reported title BOARD MEMBER/LMH CEO · Highest reported compensation $0 · Total expenses $108K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $108K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 14%——
Fundraising cost ratio 0%——
Revenue growth -12%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member/Lmh CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Lima Memorial Foundation executive salaries →

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Governance & Policies

Part VI
  • 19Voting board membersPt VI · Ln 1a
  • 16Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds quality healthcare for communities served by Lima Memorial Health System.

Provided by the organization

This section is blank until Lima Memorial Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $93K of program spending, described in the organization's own filed words · FY2022.
01

The corporation was organized to operate exclusively for charitable and educational purposes. Specifically, to assist LMH in providing quality health care to the community which it serves.

$93Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 5 grants · $450K · 2020–2024
Unitemized GrantFY2024$139,500
Unitemized GrantFY2023$105,000
Unitemized GrantFY2022$93,000
Unitemized GrantFY2021$58,000
Unitemized GrantFY2020$54,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $2.3M$150K+13% 990 PDF
FY2023 $2.0M$137K-3% 990 PDF
FY2022 Viewing $2.1M$108K-12% 990 PDF
FY2021 $2.4M$68K+39% 990 PDF
FY2020 $1.7M$65K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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