Lima Memorial Health System

What it reported doing in 2024

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 continuing education to our healthcare team and updating our facilities. Our patient satisfaction numbers continue to improve and we continually achieve quality scores that are better than state and national averages.the health system provides comprehensive healthcare that allows us to care for patients from birth through elder years. These services include, but are not limited to:- 24-hour emergency services including level ii trauma- accredited chest pain center- the heart and vascular institute- commission on cancer accredited cancer institute- orthopedics- obstetrics, level ii nursery and pediatrics- women's health center- robotic surgery program- diagnostic & imaging- laboratory- inpatient and outpatient rehabilitation services- neuroscience program- urologyin 2024, lima memorial contributed an estimated $30.9 million in community value in terms of community benefit expenditures, charity care and government-sponsored health care. This number not only indicates our commitment to our communities, but also fulfills our purpose as a not-for-profit organization by positively impacting the members of the communities that we serve. Thousands of people have benefited from the compassionate care and expertise of our physicians, nurses, associates and volunteers.examples of programs benefiting the broader community include, but are not limited to:- ems outreach & education- go red - heart health awareness campaign- colorectal awareness campaign- journey to remember raised funds for the heart program- breast cancer awareness campaign- kids clinic for children who have been sexually abused- children's developmental center support- baby fair- chest pain center- bone density screenings- cardiac risk assessment screenings- prostate cancer awareness campaign & screenings- kidney disease screenings- skin cancer screenings- cancer resource center- medicare eligibility program- breast cancer survivor support group- mended hearts support group- family birth education & clinics- diabetic education- women's resource center- congestive heart failure clinic- tv and radio psas- breastfeeding class and clinic- smoking cessation- community blood drivesas healthcare continues to change, lima memorial will continue to provide the highest quality of care in a family atmosphere to our patients by continually advancing our services and facilities. In addition, the health system supports our communities, not only through comprehensive healthcare, but through outreach activities such as healthcare awareness and prevention programs, free public health screenings, financial support for many community non-profit organizations, and outreach to the underserved.community benefit definitionslima memorial health system's 2024 community benefit report was prepared in accordance with the reporting guidelines published by the catholic health association. Community benefits reported by the health system respond to an identified community need and meet at least one of the following criteria:- generate a low or negative margin;- respond to the needs of special populations, such as minorities, frail, elderly, poor persons with disabilities, the chronically mentally ill, and persons with AIDS; and-supply services or programs that would likely be discontinued if the decision were made on a purely financial basis.these services include:- community health services- health professions education- subsidized health services- research activities- financial contributions- community building activities- community benefit operations- cost of charity care- government sponsored health care

Financial Efficiency

• Mission deployment rate: 74.2%; rating input score 74
• Program expense ratio: 81.2%; rating input score 81
• Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 12th 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: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 92.9%; rating input score 93; 25th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

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

Sustainability

• Operating margin: 9.4%; rating input score 71; 71st percentile among comparable filings
• Total-asset coverage ratio: 2.1; rating input score 65; 65th percentile among comparable filings
• Liabilities to assets ratio: 0.2; rating input score 69; 69th percentile among comparable filings
• Officer compensation ratio: 1.8%; rating input score 59; 59th percentile among comparable filings

Growth

• Program expense growth: 5.3% per year; rating input score 100; 43rd percentile among comparable filings
• Revenue growth: 5.2% per year; rating input score 100; 45th percentile among comparable filings
• Asset growth: 7.9% per year; rating input score 100; 58th percentile among comparable filings