Health Care
(E210)
IRS Verified
DX Registered
990 on File
LIMA MEMORIAL JOINT OPERATING COMPANY
Financial strength (30%)
95/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
Lima Memorial Health System’s mission and vision is to improve the quality of life in our communities by providing comprehensive health services and quality care in a family atmosphere. This mission extends beyond the walls of our many facilities. We believe that high-quality healthcare begins with prevention and education, not just when you come to us in a medical crisis. Each year, Lima Memorial gives back approximately $25 million in charity care, education, free screenings, and prevention programs to the 10-county region we serve. In 1899, the people of Lima opened Lima Memorial to serve the community. We have never wavered from that mission.
Financial Overview — FY 2024
$317.9M
Total Revenue
$288.0M
Total Expenses
$486.0M
Net Assets
1931
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
81.2%
Fundraising Efficiency
N/A
Operating Reserve
20.25x
Liability-to-Asset
19.6%
Revenue Diversification
97.8%
Executive Compensation
$3.4M
Compared with Peers
FY 2024
Compared with 938 similar organizations
(United States, Health Care, $100M and over in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.2% | 87.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.7% | 12.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
20.3 mo | 6.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
19.6% | 44.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.8% | 96.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
6.9% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
3.7% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.4% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $317.9M | $288.0M | $486.0M | 81.2% | 1931 |
| 2023 | $297.5M | $277.8M | $448.8M | 79.7% | 1976 |
| 2022 | $291.8M | $257.7M | $419.5M | 82.2% | 1937 |
| 2021 | $279.1M | $222.5M | N/A | — | 1607 |
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