LAKE HOSPITAL SYSTEM INC Charity Report

Public IRS 990 nonprofit record

LAKE HOSPITAL SYSTEM INC

EIN 34-1425870 · Health Care (E220)

What they do

IT is THE MISSION of LAKE HOSPITAL SYSTEM to PROVIDE COMPREHENSIVE HEALTH CARE SERVICES to THE RESIDENTS of LAKE COUNTY and NEIGHBORING COMMUNITIES IN PARTNERSHIP WITH THOSE WHO SHARE A COMMITMENT to LOCAL ACCESS, HEALING WITH COMPASSION, and SUPERIOR QUALITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $82.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

75.62%of revenue went to mission work82.8% of expenses · Program services

$91.32spent for every $100 of revenueRevenue covered expenses this year.

15.69%of revenue went to management and office costs17.2% of expenses

$1.45in assets for every $1 spent this yearSome assets cannot be spent right away.

3.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $3,303,082 for CYNTHIA MOORE-HARDY (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$475,459,739

Mission workProgram services$359,562,22775.62% of revenue82.8% of expenses

ManagementOffice and general costs$74,617,92715.69% of revenue17.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$41,279,5858.68% of revenueShown in gray on the chart

Total expenses$434,180,15491.32% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 82.8% mission · 17.2% management · 0.0% fundraisingTotal expenses: 91.32% of revenue

2020Expense mix: 88.3% mission · 11.7% management · 0.0% fundraisingTotal expenses: 97.66% of revenue

2019Expense mix: 87.6% mission · 12.4% management · 0.0% fundraisingTotal expenses: 97.75% of revenue

2018Expense mix: 88.0% mission · 12.0% management · 0.0% fundraisingTotal expenses: 97.72% of revenue

2017Expense mix: 86.6% mission · 13.4% management · 0.0% fundraisingTotal expenses: 99.70% of revenue

2016Expense mix: 85.8% mission · 14.2% management · 0.0% fundraisingTotal expenses: 96.75% of revenue

Money in and money out

Revenue$475,459,739

Expenses$434,180,154

Annual surplus $41,279,585 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$359,562,227 · 82.8% of expenses

Management and office costs$74,617,927 · 17.2% of expenses

See all reported dollar amounts

Revenue$475,459,739

Expenses$434,180,154

Assets$631,158,601

Income$808,276,344

Contributions$15,516,333

Mission work (program services)$359,562,227

Grants given$307,800

Average grant$153,900

Management and general$74,617,927

Executive compensation (total)$3,122,205

People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CYNTHIA MOORE-HARDYPRESIDENT AND CEO · 55 hrs/week $3,303,082Base $3,284,651 · Other $18,431

ROBERT TRACZSR. VP/CFO · 50 hrs/week $721,038Base $694,972 · Other $26,066

JOHN BANIEWICZ MDSR VP, MEDICAL AFFAIRS · 45 hrs/week $718,410Base $694,597 · Other $23,813

RICHARD D CICEROSR VP, MARKETING & BUSINESS · 45 hrs/week $467,731Base $444,530 · Other $23,201

ADETINUKE TADESECHIEF MEDICAL INFORMATICS OFFICER · 40 hrs/week $380,023Base $348,804 · Other $31,219

DAVID HERMANVP, FINANCE · 40 hrs/week $299,406Base $271,483 · Other $27,923

BILL OSTERMANVP, ACUTE CARE SERVICES · 40 hrs/week $289,638Base $281,475 · Other $8,163

MICHELE PIRCPRIMARY NURSE PRACTITIONER · 40 hrs/week $280,248

JOYCE A TAYLORVP, QUALITY SERVICES, CQO · 40 hrs/week $263,143Base $251,540 · Other $11,603

CYNTHIA J RACERVP, CLINICAL SERVICES · 40 hrs/week $249,704Base $230,078 · Other $19,626

JERROLD PETERSVP, CIO · 40 hrs/week $247,303Base $235,631 · Other $11,672

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

CYNTHIA MOORE-HARDYPRESIDENT AND CEO

ROBERT TRACZSR. VP/CFO

JOHN BANIEWICZ MDSR VP, MEDICAL AFFAIRS

RICHARD D CICEROSR VP, MARKETING & BUSINESS

ADETINUKE TADESECHIEF MEDICAL INFORMATICS OFFICER

DAVID HERMANVP, FINANCE

BILL OSTERMANVP, ACUTE CARE SERVICES

MICHELE PIRCPRIMARY NURSE PRACTITIONER

JOYCE A TAYLORVP, QUALITY SERVICES, CQO

CYNTHIA J RACERVP, CLINICAL SERVICES

JERROLD PETERSVP, CIO

ADAM SANDENTREASURER

DAWN GUBANC-ANDERSONSECRETARY

DAVID STEIGER MDTRUSTEE

KEITH ZIEGLERTRUSTEE

MICHAEL E MAYHERTRUSTEE

DAVID ROLLINS MDTRUSTEE

RAYMOND PAGANINITRUSTEE

RAYMOND SINESTRUSTEE

CHETAN PATEL MDTRUSTEE

BRETT HIMESVICE CHAIR

THOMAS P JUBECKCHAIR

About this charity

Recognized since: January 1989
Location: 3605 WARRENSVILLE CENTER RD, SHAKER HTS, OH 44122-5203
County: Cuyahoga
In care of: % TREASURY
Primary officer: ROBERT TRACZ, SENIOR VP & CFO

How to reach them

WebsiteVisit the charity’s website Phone(440) 354-1991

Filing and classification

Latest tax year: 2021
Tax period began: January 1, 2021
Return type: 990
Tax preparer: PLANTE & MORAN PLLC
NTEE classification: Health Care (E220)
IRS tax category: General Medical and Surgical Hospitals
Grant-giving organization: Yes