Cause IQ organization profile

Lakeland Regional Medical Center

Form 990s | Financials | Vendors | Personnel | Peers

Lakeland Regional Medical Center is a general hospital based in Lakeland, FL that was founded in 1914. As of 2018 they had $824 million in revenue and $881 million in assets.

We deliver the best outcomes and safest care by placing people at the heart of all we do. We improve lives every day by promoting wellness, education and discovery.

EIN:

59-2650456

City:

Lakeland

State:

Florida

Website:

mylrh.org

Phone:

863-687-1100

Facebook:

facebook.com/LakelandRegional

Founded:

1914

Type:

501(c)(3)

NTEE:

E22: General hospitals

Revenue:

$824,963,553

Assets:

$881,345,735

Employees:

5,775

Fiscal year end:

September

Revenue trends:

Asset trends:

Form 990s for Lakeland Regional Medical Center

Fiscal year ending	Date received by IRS	Form	PDF link
2018-09	Oct 11, 2019	990	View PDF
2017-09	Nov 15, 2018	990	View PDF
2016-09	Oct 17, 2017	990	View PDF
2015-09	Oct 19, 2016	990	View PDF
2014-09	Sep 16, 2015	990	View PDF
...and six more Form 990 PDFs

Financials for Lakeland Regional Medical Center

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$5,515,266	$5,420,120	1.8%
Government grants (contributions)	$366,374	$1,756,969	-79.1%
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$5,881,640	$7,177,089	-18.0%

Field	2018	2017	% Change
Total grants, contributions, etc.	$5,881,640	$7,177,089	-18.0%
Program services	$821,058,591	$789,943,276	3.9%
Investment income and dividends	$0	$0
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$-1,976,678	$-502,975	-293.0%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$824,963,553	$796,617,390	3.6%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$7,951,272	$6,712,660	18.5%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$241,348,955	$233,333,084	3.4%
Pension/retirement accruals and contributions	$11,635,000	$10,909,009	6.7%
Other employee benefits	$39,321,815	$39,892,237	-1.4%
Payroll taxes	$17,519,206	$16,932,453	3.5%
Management fees	$0	$0
Legal fees	$1,079,901	$1,131,143	-4.5%
Accounting fees	$240,000	$178,629	34.4%
Lobbying fees	$309,018	$281,675	9.7%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$34,476,315	$32,656,422	5.6%
Advertising and promotion	$440,748	$477,567	-7.7%
Office expenses	$4,825,490	$4,338,262	11.2%
Information tech. expenses	$24,043,201	$20,657,740	16.4%
Royalty expenses	$0	$0
Occupancy	$7,864,216	$7,455,186	5.5%
Travel	$290,048	$364,463	-20.4%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$22,213,640	$20,448,526	8.6%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$55,689,414	$49,556,531	12.4%
Insurance	$7,885,176	$4,683,711	68.4%
All other expenses	$288,623,418	$264,211,657	9.2%
Total expenses	$765,756,833	$714,220,955	7.2%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$16,073	$14,110	13.9%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$0	$0
Accounts receivable	$119,189,074	$106,111,142	12.3%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$14,118,421	$13,279,087	6.3%
Prepaid expenses and deferred charges	$9,361,924	$9,093,883	2.9%
Buildings, equipment, etc. post-depreciation	$574,975,872	$479,864,517	19.8%
Investments, publicly traded securities	$0	$0
Investments, other securities	$15,300,717	$14,327,337	6.8%
Investments, program-related	$47,124,846	$40,509,818	16.3%
Intangible assets	$0	$0
Other assets	$101,258,808	$155,510,220	-34.9%
Total assets	$881,345,735	$818,710,114	7.7%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$33,111,558	$21,950,891	50.8%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$338,285,051	$348,354,055	-2.9%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$97,380,966	$96,385,855	1.0%
Total liabilities	$468,777,575	$466,690,801	0.4%

Field	2018	2017	% Change
Unrestricted net assets	$375,300,709	$320,713,503	17.0%
Temporarily restricted net assets	$35,729,166	$29,767,525	20.0%
Permanently restricted net assets	$1,538,285	$1,538,285

Vendors for Lakeland Regional Medical Center

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-08-15
████ ███	Audit accounting		2019-12-31
██████ ██████ ███ ████████ ███	Insurance agent or broker	$13,305	2019-12-31
██████ █████████ ███████	Insurance		2019-12-31
█████ ██████ █████████ ███████	Insurance		2019-12-31
█████ ████ █████████ ███	Insurance		2019-12-31
████████ ████ ███ ████████ █████████ ███████	Insurance		2019-12-31
████ ██████████ █████████ ███ ███████ ███████	Insurance		2019-12-31
...and 12 more vendors

Personnel at Lakeland Regional Medical Center

Name	Title	Compensation	Most recent data
Elaine C. Thompson, PhD, FACHE	Chief Executive Officer / President and Chief Executive Officer	$1.4 million	Sept. 30, 2018
Sarah Bhagat	CLSSBB Chief Operating Officer, Lakeland Regional Health Physician Group and Ambulatory Operations	$324,480	Aug. 8, 2019
█████ █████	Senior Vice President and Chief Financial Officer	-	Oct. 11, 2019
█████████ █████	Senior Vice President - Chief Information of	$275,944	Sept. 30, 2018
█████ ██ ███████	Chief Human Resources Officer	$284,474	Aug. 8, 2019
███████ ██ ██████ ██	President, Lakeland Regional Health Medical Center Chief Medical Officer, Lakeland Regional Health	$773,577	Aug. 8, 2019
████████ ████ █████	Vice President, Chief Population Health Officer and Chief Analytics Officer	-	Aug. 8, 2019
████████ █████	Vice President Operations	$217,436	Sept. 30, 2018
█████ ██████	Senior Vice President of Administration Chief Strategy Officer	$276,924	Aug. 8, 2019
███████ ██ ██████ ████ ██	Vice President, External Affairs Chief Compliance and Integrity Officer	$428,135	Aug. 8, 2019
...and 14 more key personnel

Peer general hospitals

	Name	Type	Revenue	Location
1	UF Health Shands	501(c)(3)	$1.6 billion	Gainesville, FL
2	Memorial University Medical Center (MUMC)	501(c)(3)	$564 million	Winter Park, FL
3	South Miami Hospital	501(c)(3)	$608 million	Miami, FL
4	Florida Hospital Tampa	501(c)(3)	$718 million	Tampa, FL
5	Adventhealth Palm Coast	501(c)(3)	$220 million	Palm Coast, FL
6	Orlando Health	501(c)(3)	$2.5 billion	Orlando, FL
7	Tallahassee Memorial HealthCare (TMH)	501(c)(3)	$840 million	Tallahassee, FL
8	Tampa General Hospital (TGH)	501(c)(3)	$1.3 billion	Tampa, FL
9	Martin Health System	501(c)(3)	$538 million	Stuart, FL
10	St Vincent's Medical Center Southside	501(c)(3)	$210 million	Jacksonville, FL
11	Health Central Hospital	501(c)(3)	$225 million	Ocoee, FL
12	Bethesda Hospital East and Bethesda	501(c)(3)	$339 million	Boynton Beach, FL
13	Adventhealth Daytona Beach	501(c)(3)	$387 million	Daytona Beach, FL
14	UF Health Jacksonville	501(c)(3)	$791 million	Jacksonville, FL
15	Jupiter Medical Center (JMC)	501(c)(3)	$245 million	Jupiter, FL
16	AdventHealth Wesley Chapel	501(c)(3)	$239 million	Wesley Chapel, FL
17	Sacred Heart Health System	501(c)(3)	$904 million	Pensacola, FL
18	Leesburg Regional Medical Center (LRMC)	501(c)(3)	$258 million	Leesburg, FL
19	Baptist Medical CenterBMC SouthBMC Town CenterBMC NorthBMC Downtown	501(c)(3)	$1.3 billion	Jacksonville, FL
20	Mission Hospital	501(c)(3)	$1.2 billion	Winter Park, FL
21	Baptist Hospital	501(c)(3)	$590 million	Pensacola, FL
22	Centrastate Medical Center	501(c)(3)	$300 million	Freehold, NJ
23	Christiana Care Health Services	501(c)(3)	$1.6 billion	Wilmington, DE
24	Rideout Health	501(c)(3)	$216 million	Yuba City, CA
25	St Joseph Hospital of Nashua	501(c)(3)	$211 million	Nashua, NH

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Cause IQ organization profile

Lakeland Regional Medical Center

Form 990s for Lakeland Regional Medical Center

Financials for Lakeland Regional Medical Center

Vendors for Lakeland Regional Medical Center

Personnel at Lakeland Regional Medical Center

Peer general hospitals

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