Lima Memorial Joint Operating Company

Tax-deductible

Lima, OH501(c)(3)Since 1999HospitalsEIN 34-1883284Revenue $317.9M in FY2024

On file with the IRSlimamemorial.org1001 Bellefontaine Ave, 45804-2800 · Lima, OHTax-exempt since May 1999Supporting organization — 509(a)(3)

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As one of the largest not-for-profit health care organizations in west central ohio, Lima Memorial health system is committed to improving the quality of life in our communities through comprehensive health services. Lima Memorial is continually improving its services and facilities by keeping up with the latest technologies, providing continuing education to our health care team and updating our facilities. Our patient satisfaction numbers continue to improve and we continually achieve quality scores that are better then the state and national averages.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 131 volunteers and 1,607 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $33.9M a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.6M
to officers and key staff · 2% of spending
Top officer’s pay lower than 56% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $34K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$118.1M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$317.9M
+7% vs prior year
Spent
$288.0M
To programs
81%
Net assets
$486.0M
By yearFY2020–FY2024
Revenue
$317.9M
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$230.1M
FY2021$279.1M
FY2022$291.8M
FY2023$297.5M
FY2024$317.9M
Expenses
$288.0M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$201.0M
FY2021$222.5M
FY2022$257.7M
FY2023$277.8M
FY2024$288.0M
Net assets
$486.0M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$343.4M
FY2021$401.1M
FY2022$419.5M
FY2023$448.8M
FY2024$486.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $233.7M Management & general 19% · $54.0M Fundraising 0% · $272K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $4.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
SR VP/Cao (see Sch J)thru 7/24
$837,755Pt VII · Sec A
President/CEO (see Sch J)
$811,265Pt VII · Sec A
VP Finance/Cfo(see Sch J)thru 6/24
$545,890Pt VII · Sec A
VP of Medical Affairs (see Sch J)
$457,344Pt VII · Sec A
Vice President/COO (see Sch J)
$407,288Pt VII · Sec A
VP/Cno (see Sch J)thru 3/25
$344,343Pt VII · Sec A
VP Finance/Cfo(see Sch J)eff 6/24
$227,222Pt VII · Sec A
Director of Pharmacy Care Tran
$215,891Pt VII · Sec A

Robert E Armstrong JR’s $838K as SR VP/Cao (see Sch J)thru 7/24 is at the 44th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael D Swick$811,265$818,346$764,074$1,190,542$735,817
Robert E Armstrong JR$837,755$466,408$444,997$584,012$422,883
Eric D Pohjala$545,890————
Susan Kaufman DO$457,344$358,846———
Eric Pohjala—$454,334$426,307$420,702$390,333
Ann-Marie Jean Pohl$344,343$346,650$319,464$417,484$286,086
Lynn M Carpenter$407,288$322,814———
Dennis E Morris—$358,845———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides comprehensive healthcare services to improve community quality of life.

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Provided by the organization

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1 program · $233.7M · in their own filed words · FY2024
01

As one of the largest not-for-profit healthcare organizations in west central ohio, lima memorial health system is committed to improving the quality of life in our communities through comprehensive health SERVICES.LIMA memorial is continually improving its services and facilities by keeping up with the latest technologies, providing…

$233.7Mprogram expense

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 · FY2022
Grants paid · 40 grants · $750K · 2020–2024
Allen County Probate CourtFY2024$20,000
Greater Lima Region INCOH · FY2024$10,000
Lima Memorial FoundationOH · FY2024$10,000
Allen County Probate CourtFY2023$20,000
Allen County Public HealthFY2023$12,406
Lima Memorial FoundationOH · FY2023$10,000
Allen County Public HealthFY2022$56,298
Allen County Probate CourtFY2022$20,000
Lima Memorial FoundationOH · FY2022$10,000
See all 40 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$317.9M
Ln 12
Fees for servicesLn 2g$310.9M
Investment incomeLn 3$6.0M
Other incomeLn 4–11$998K
Money outPt IX
$288.0M
Ln 25
Programscol B$233.7M
Managementcol C$54.0M
Fundraisingcol D$272K
Owns and owesPt X
$486.0M
net assets · Ln 32
Cash and savingsLn 1–2$43.7M
Total assetsLn 16$604.1M
LiabilitiesLn 26$118.1M
PeoplePt VI, VII
24
listed · VII A
PaidVII A12
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$310.9M
Investment incomeLn 3$6.0M
Other incomeLn 4–11$998K
Gains on assetsLn 7$1.5M
Total revenueLn 12$317.9M
Assets in detailPt X, end of year
CashLn 1$25.9M
SavingsLn 2$17.9M
Cash and savings togetherLn 1–2$43.7M
InvestmentsLn 11–13$123.0M
Land, buildings, equipmentLn 10c$107.8M
Other assetsLn 15$270.0M
Total assetsLn 16$604.1M
LiabilitiesLn 26$118.1M
Net assetsLn 32$486.0M
OperationsPt I, VI
EmployeesI 51,607
VolunteersI 6131
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$24.1M$43.7M
InvestmentsLn 11–13$105.8M$123.0M
Land, buildings, equipmentLn 10c$118.1M$107.8M
Total assetsLn 16$564.3M$604.1M
LiabilitiesLn 26$115.5M$118.1M
Net assetsLn 32$448.8M$486.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$140K$140K
Pay of current officers, directors and key staffLn 5$3.4M$3.4M
Other salaries and wagesLn 7$96.1M$78.8M$17.1M$126K
Pension plan contributionsLn 8$3.0M$2.4M$530K$4K
Other employee benefitsLn 9$18.8M$15.5M$3.4M$25K
Payroll taxesLn 10$6.9M$5.7M$1.2M$9K
Legal feesLn 11b$1.1M$1.1M
Accounting feesLn 11c$317K$317K
Investment management feesLn 11f$211K$211K
Other fees for servicesLn 11g$36.6M$20.0M$16.6M$52K
Advertising and promotionLn 12$279K$279K
Office expensesLn 13$11.2M$10.4M$784K$21K
Information technologyLn 14$2.2M$1.2M$977K$3K
OccupancyLn 16$5.0M$4.0M$1.0M$119
TravelLn 17$198K$122K$76K$526
InterestLn 20$2.7M$2.7M
Depreciation, depletion and amortizationLn 22$14.6M$12.6M$2.0M
InsuranceLn 23$1.8M$1.3M$461K
Other expenses (24a–d)Ln 24$77.4M$77.4M
All other expensesLn 24e$5.9M$1.2M$4.7M$33K
Total functional expensesLn 25$288.0M$233.7M$54.0M$272K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $317.9M$288.0M$29.9M$486.0M 990 PDF
FY2023 $297.5M$277.8M$19.7M$448.8M 990 PDF
FY2022 $291.8M$257.7M$34.1M$419.5M 990 PDF
FY2021 $279.1M$222.5M$56.6M$401.1M 990 PDF
FY2020 $230.1M$201.0M$29.1M$343.4M 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
See the full FY2024 990 (6 parts)
Part I · Summary $317,901,718 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $292,248,769$310,931,178
I-10 Investment incomePrior year $4,453,805$5,972,810
I-11 Other revenuePrior year $817,529$997,730
I-12 Total revenuePrior year $297,520,103$317,901,718
I-13 Grants and similar amounts paidPrior year $71,026$140,060
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $127,768,511$128,288,886
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $149,951,322$159,537,406
I-18 Total expensesPrior year $277,790,859$287,966,352
I-19 Revenue less expensesPrior year $19,729,244$29,935,366
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $317,901,718 across 6 lines filed
Lines not itemized here account for $250,853 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $310,929,378$310,929,378
VIII-3 Investment incomeExcluded from tax $4,471,070$4,471,070
VIII-6 Net rental income or lossRelated to mission −$173,362−$173,362
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,501,740$1,501,740
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $97,074 · Excluded from tax $824,965$922,039
VIII-12 Total revenueRelated to mission $310,806,728 · Unrelated business $97,074 · Excluded from tax $6,997,916$317,901,718
Part IX · Statement of functional expenses $287,966,352 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $140,060$140,060
IX-5 Pay of current officers, directors and key staffManagement $3,439,676$3,439,676
IX-7 Other salaries and wagesPrograms $78,840,267 · Management $17,144,041 · Fundraising $125,532$96,109,840
IX-8 Pension plan contributionsPrograms $2,435,367 · Management $529,577 · Fundraising $3,878$2,968,822
IX-9 Other employee benefitsPrograms $15,462,463 · Management $3,362,357 · Fundraising $24,620$18,849,440
IX-10 Payroll taxesPrograms $5,677,483 · Management $1,234,585 · Fundraising $9,040$6,921,108
IX-11b Legal feesManagement $1,121,657$1,121,657
IX-11c Accounting feesManagement $317,358$317,358
IX-11f Investment management feesManagement $211,105$211,105
IX-11g Other fees for servicesPrograms $19,966,869 · Management $16,570,773 · Fundraising $51,719$36,589,361
IX-12 Advertising and promotionPrograms $278,762$278,762
IX-13 Office expensesPrograms $10,368,167 · Management $783,676 · Fundraising $21,108$11,172,951
IX-14 Information technologyPrograms $1,205,280 · Management $976,822 · Fundraising $2,932$2,185,034
IX-16 OccupancyPrograms $3,978,396 · Management $1,040,105 · Fundraising $119$5,018,620
IX-17 TravelPrograms $122,377 · Management $75,545 · Fundraising $526$198,448
IX-20 InterestPrograms $2,734,375$2,734,375
IX-22 Depreciation, depletion and amortizationPrograms $12,645,047 · Management $1,983,652$14,628,699
IX-23 InsurancePrograms $1,290,815 · Management $461,115$1,751,930
IX-24 Other expenses (24a–d)Programs $77,426,592$77,426,592
IX-24e All other expensesPrograms $1,155,694 · Management $4,714,028 · Fundraising $32,792$5,902,514
IX-25 Total functional expensesPrograms $233,728,014 · Management $53,966,072 · Fundraising $272,266$287,966,352
Part X · Balance sheet $604,121,346 assets, 17 lines filed
Asset lines not itemized here account for $7,324,444; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $10,230,659$25,868,406
X-2 Savings and temporary cash investmentsStart of year $13,830,977$17,862,315
X-4 Accounts receivableStart of year $41,460,361$34,791,708
X-8 Inventories for sale or useStart of year $7,031,133$7,541,582
X-9 Prepaid expenses and deferred chargesStart of year $12,366,551$9,982,699
X-10c Land, buildings and equipment, netStart of year $118,142,194$107,761,816
X-11 Publicly traded securitiesStart of year $98,563,303$113,471,012
X-12 Other securitiesStart of year $7,265,773$9,509,914
X-15 Other assetsStart of year $247,605,046$270,007,450
X-16 Total assetsStart of year $564,316,732$604,121,346
X-17 Accounts payable and accrued expensesStart of year $23,764,094$24,354,368
X-20 Tax-exempt bond liabilitiesStart of year $75,799,703$74,003,145
X-25 Other liabilitiesStart of year $15,731,179$18,834,042
X-26 Total liabilitiesStart of year $115,487,844$118,143,870
X-27 Net assets without donor restrictionsStart of year $448,828,888$485,977,476
X-32 Total net assets or fund balancesStart of year $448,828,888$485,977,476
X-33 Total liabilities and net assetsStart of year $564,316,732$604,121,346
Part XI · Reconciliation of net assets $485,977,476 net assets at year end
XI-1 Total revenue$317,901,718
XI-2 Total expenses$287,966,352
XI-3 Revenue less expenses$29,935,366
XI-4 Net assets at start of year$448,828,888
XI-5 Net unrealized gains (losses) on investments$6,562,686
XI-9 Other changes in net assets$650,536
XI-10 Net assets at end of year$485,977,476

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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