LAKE HOSPITAL FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

LAKE HOSPITAL FOUNDATION INC

EIN 34-1425872 · Health Care (E22I)

What they do

SUPPORT and ASSIST LAKE HOSPITAL SYSTEM, INC. IN ITS EFFORTS to SERVE THE NEEDS of LAKE COUNTY RESIDENTS and ITS SURROUNDING COMMUNITIES BY PROVIDING FUNDING for ENHANCED or ADDITIONAL PROGRAMS THAT OTHERWISE MIGHT NOT BE AVAILABLE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $98.80 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 2024The charity has a recent tax report to read.

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

They name their leaders18 people are listed in the latest report.

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

Money made simple

83.83%of revenue went to mission work98.8% of expenses · Program services

$84.81spent for every $100 of revenueRevenue covered expenses this year.

0.98%of revenue went to management and office costs1.2% of expenses

$21.16in assets for every $1 spent this yearSome assets cannot be spent right away.

29.6%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 $165,563 for STROSAKER ROBYN (TRUSTEE/PRESIDENT (EX-OFFICIO)). 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 2024

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$1,358,100

Mission workProgram services$1,138,44783.83% of revenue98.8% of expenses

ManagementOffice and general costs$13,2900.98% of revenue1.2% of expenses

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

Revenue left after expensesReported annual surplus$206,36315.19% of revenueShown in gray on the chart

Total expenses$1,151,73784.81% 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

2024CurrentExpense mix: 98.8% mission · 1.2% management · 0.0% fundraisingTotal expenses: 84.81% of revenue

2023Expense mix: 96.2% mission · 3.8% management · 0.0% fundraisingTotal expenses: 103.19% of revenue

2022Expense mix: 95.3% mission · 3.6% management · 1.1% fundraisingTotal expenses: 152.04% of revenue

2021Expense mix: 67.6% mission · 17.1% management · 15.3% fundraisingTotal expenses: 84.86% of revenue

2020Expense mix: 85.4% mission · 8.0% management · 6.6% fundraisingTotal expenses: 48.42% of revenue

2019Expense mix: 78.2% mission · 10.9% management · 10.9% fundraisingTotal expenses: 128.82% of revenue

2018Expense mix: 77.3% mission · 10.8% management · 11.9% fundraisingTotal expenses: 91.67% of revenue

2017Expense mix: 80.2% mission · 9.8% management · 10.1% fundraisingTotal expenses: 93.25% of revenue

Money in and money out

Revenue$1,358,100

Expenses$1,151,737

Annual surplus $206,363 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)$1,138,447 · 98.8% of expenses

Management and office costs$13,290 · 1.2% of expenses

See all reported dollar amounts

Revenue$1,358,100

Expenses$1,151,737

Assets$24,366,825

Income$1,358,100

Contributions$402,675

Mission work (program services)$1,138,447

Grants given$6,836,008

Average grant$621,455

Management and general$13,290

Stocks and bonds$23,045,610

Accounting fees$4,200

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

STROSAKER ROBYNTRUSTEE/PRESIDENT (EX-OFFICIO) · 2 hrs/week $165,563Base · Other $165,563

CICERO RICHARDTRUSTEE (EX-OFFICIO) · 2 hrs/week $95,101Base · Other $95,101

TADESE TINU MDTRUSTEE (EX-OFFICIO) (END 10/24) · 2 hrs/week $49,865Base · Other $49,865

PATEL CHETAN P MDTRUSTEE · 2 hrs/week $38,894Base · Other $38,894

COMBS BRIDGET MDTRUSTEE/SECRETARY · 2 hrs/week $25,926Base · Other $25,926

FLASH MARKEXECUTIVE DIRECTOR (END 07/24) · 40 hrs/week $19,585Base · Other $19,585

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 (18)

STROSAKER ROBYNTRUSTEE/PRESIDENT (EX-OFFICIO)

CICERO RICHARDTRUSTEE (EX-OFFICIO)

TADESE TINU MDTRUSTEE (EX-OFFICIO) (END 10/24)

PATEL CHETAN P MDTRUSTEE

COMBS BRIDGET MDTRUSTEE/SECRETARY

FLASH MARKEXECUTIVE DIRECTOR (END 07/24)

LINGENFELTER ANDREWTRUSTEE/VICE-CHAIR (BEG 09/24)

TULLAI-MCGUINNESS SUSANTRUSTEE (BEG 12/24)

THOMPSON KATHLEENTRUSTEE/CHAIR

PERRICO MICHAEL ATRUSTEE (END 01/24)

PAGANINI RAYMOND JTRUSTEE

NEKIC JOHNTRUSTEE

BAUMBERGER RONALDTRUSTEE/VICE CHAIR (END 07/24)

KOCHIK GEORGETRUSTEE (EX-OFFICIO)

GUBAN PHILIPTRUSTEE

FLYNN OSCARTRUSTEE

CAHILL TIMOTHY ATRUSTEE/TREASURER (END 03/24)

BILECI-COCCA AMYTRUSTEE (END 09/24)

About this charity

Recognized since: January 1984
Location: 7590 AUBURN RD, CONCORD TWP, OH 44077-9176
County: Lake
In care of: BRADLEY C BOND
Primary officer: BRADLEY C BOND, CFO, UHHS

How to reach them

WebsiteVisit the charity’s website Phone(216) 844-1000

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: DELOITTE TAX LLP
NTEE classification: Health Care (E22I)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes