Lima Memorial Health System

Legal name: Lima Memorial Professional Corporation

Nonprofit profile at a glance

EIN
341935236
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2023
Location
Lima, OH, US
Phone
419-228-3335
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health Treatment Facilities, Primarily Outpatient

Official website

Reported finances

Revenue
$32,250,414
Expenses
$55,609,396
Assets
$10,504,762
Liabilities
$279,505,985

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

Leadership & pay

20 people listed

Executive titles in this filing

  • MICHAEL D SWICK (PRESIDENT/CEO (SEE SCH J))

Highest reported compensation

  • JEFFREY LOBEL (PHYSICIAN (SEE SCH J)): $1,456,877 total reported compensation
  • VENKAT R BATTULA (PHYSICIAN (SEE SCH J)): $1,318,627 total reported compensation
  • PAUL N ANIKE (PHYSICIAN (SEE SCH J)): $1,269,194 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 quality of life in our communities by providing comprehensive health services and quality care in a family atmosphere.

What it reported doing in 2024

Lima memorial professional corporation is an extended network of primary care, pediatric and specialist physicians. The primary care service line is the patient's gateway to a whole team of specialty physicians. With an emphasis on collaborative, patient-focused care, patients can take great comfort knowing an entire team is working to provide you with the very best care. There are 10 family medicine locations across lima and the surrounding regions, extended hours and same-day appointments. Lima memorial has the top medical and surgical specialists in the area who work collaboratively with your primary care physician. The specialty services includes: anesthesiology, cardiac services, diabetes, ear, nose & throat, general surgery, hematology/medical oncology, internal medicine, kidney services, neurosurgery & neurology, nurse-midwifery, obstetrics/gynecology, palliative care, pediatric services, podiatry, proctology, pulmonary medicine, radiation oncology, rheumatology, sleep disorders, urology and vein care.

Operating model

Revenue model
Earned-program. 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 65
  • Accountability: 48
  • Sustainability: 2
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.9%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 18.2%; rating input score 18; 6th 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: Fail
    • 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: -72.4%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 26.61; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 17.6%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 6.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 7.8% per year; rating input score 100; 54th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 3 operating locations identified
  • Where the money goes: 100% of revenue deployed · 98.9% of spending went to programs
  • Governance: 2 of 11 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $55M in reported program spending
  • Leadership: top reported pay $1.5M · 20 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.7M reported
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 6 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 — Accountability: Independent voting board scored 18/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 5/100.