Licking Memorial Health Systems

Legal name: Licking Memorial Hospital

Nonprofit profile at a glance

EIN
314379519
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Newark, OH, USA
Phone
2205644528
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$399,199,871
Expenses
$325,735,547
Assets
$227,954,090
Liabilities
$84,982,554

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • ROBERT MONTAGNESE (PRESIDENT & CEO)

Highest reported compensation

  • ROBERT MONTAGNESE (PRESIDENT & CEO): $1,188,946 total reported compensation
  • CRAIG CAIRNS (VP, MEDICAL AFFAIRS): $414,344 total reported compensation
  • CINDY WEBSTER (VP, FINANCIAL SERVICES): $382,252 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the health of the community. The mission of the Betsy Eaton O’Neill Health Resource Center is to support and educate patients, family members, friends and professionals who are involved in the physical and emotional care of those with medical illnesses. In an effort to continually enhance the resource material available in the Health Resource Center, we invite you to make a donation in honor or memory of a beloved family member or special friend. Receipt of your contribution will be immediately confirmed by mail. Additionally, a letter of acknowledgment will be promptly sent to your designated honoree or the honoree's family. To make a donation, please click on the Donate button below, or print **this form**. Return the.

What it reported doing in 2024

Health activities and programs free-of-charge to the community.the activities include wellness programs, community education programs, and special programs for the elderly, handicapped, and medically underserved.lmh served 7,667 inpatients and 825 newborns for a total of 31,305 patient days and provided services to 391,537 outpatients in 2024.additionally, lmh provides care to persons covered by governmental programs, below cost in many cases. To the extent reimbursement is below charges, lmh considers these amounts to be contractual adjustments, which will never be collected. The unreimbursed value of providing care to these patients amounted to $562,193,000 in 2024.uncompensated care is provided through many reduced price services and free programs offered throughout the year based upon activities and services lmh believes will serve a bona fide community health need. Lmh routinely provides uncompensated care to patients who are unwilling or unable to pay their hospital bills. In 2024, lmh wrote off charges of approximately $33,028,000 in bad debts and $7,574,000 in charity care.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 91
  • Accountability: 95
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.1%; rating input score 76
  • Program expense ratio: 93.5%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.4%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 0.7; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 1%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 7.2% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 5.8% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 3.1% per year; rating input score 100; 21st percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 76.1% of revenue deployed · 93.5% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $304.4M in reported program spending
  • Leadership: top reported pay $1.2M · 25 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.1M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.