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Lake Hospital System Inc

Lake Health

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341425870 ✦ Shaker heights, OH ✦ Designated as a 501(c)(3)

Overview

What is Lake Hospital System Inc?

Lake Hospital System Inc, based in Shaker Heights, Ohio, is a well-established healthcare institution with a rich history spanning over 120 years. Committed to serving the health needs of the local communities since 1902, Lake Health is driven by a mission to provide local access, healing with compassion, and superior quality. With a workforce of over 3,300 employees, the organization has developed programs and partnerships to address pressing health issues. Their priority areas include COVID-19, diabetes, chronic diseases, behavioral health, and access to care. Lake Health operates 11 facilities in Lake, Geauga, and Cuyahoga Counties, offering a range of services from full-service hospitals to outpatient centers. Accessibility is a top priority, with most insurance providers contracted and three full-service emergency departments open to all. In 2021, Lake Health contributed approximately $8.5 million in cash and in-kind donations to civic and community programs, reflecting their dedication to local partnerships.


Official website here: www.uhhospitals.org

Is Lake Hospital System Inc legitimate?

Lake Hospital System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Hospital System Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $7,042,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,080,863

For more financial information, click here


Official website here: www.uhhospitals.org

What is the mission statement of Lake Hospital System Inc?

Lake Hospital System Inc is dedicated to providing comprehensive healthcare services to the community, partnering with those committed to local access, healing with compassion, and superior quality. The mission drives the institution to address the most pressing health issues, including COVID-19, diabetes, chronic diseases, behavioral health, and access to care. With a long-standing tradition of serving the community since 1902, Lake Health has developed programs, services, and partnerships to cater to the unique healthcare needs. The organization operates multiple facilities and provides access to a vast array of primary care physicians and specialists, ensuring superior patient care within the community. Lake Health's growth reflects its commitment to bringing the best resources together, enabling patients to receive world-class care without leaving their community. Through various community programs and initiatives, the organization continues to support and educate the community regarding health and well-being.


Official website here: www.uhhospitals.org

Who is the CEO of Lake Hospital System Inc?

Robert Tracz is the Chair of Lake Hospital System Inc. The CEO's salary of Lake Hospital System Inc is $3,284,651 and their total compensation is $3,303,082.


Official website here: www.uhhospitals.org

What is the revenue of Lake Hospital System Inc?

Lake Hospital System Inc's revenue in 2021 was $475,459,739.


Official website here: www.uhhospitals.org

Who are the executives of Lake Hospital System Inc and what are their salaries?

The average compensation at Lake Hospital System Inc during 2021 was $42,507. There are 3,320 employees and 450 volunteers at Lake Hospital System Inc.

Here are 22 key members and their salaries (Lake Hospital System Inc's CEO's salary is $3,284,651 and their total compensation is $3,303,082):

    Cynthia Moore-Hardy (President And Ceo)
  • Compensation: $3,284,651
  • Related: $0
  • Other: $18,431

    • Robert Tracz (Sr. Vp/Cfo)
  • Compensation: $694,972
  • Related: $0
  • Other: $26,066

    • John Baniewicz Md (Sr Vp, Medical Affairs)
  • Compensation: $694,597
  • Related: $0
  • Other: $23,813

    • Richard D Cicero (Sr Vp, Marketing & Business)
  • Compensation: $444,530
  • Related: $0
  • Other: $23,201

    • Adetinuke Tadese (Chief Medical Informatics Officer)
  • Compensation: $348,804
  • Related: $0
  • Other: $31,219

    • David Herman (Vp, Finance)
  • Compensation: $271,483
  • Related: $0
  • Other: $27,923

    • Bill Osterman (Vp, Acute Care Services)
  • Compensation: $281,475
  • Related: $0
  • Other: $8,163

    • Michele Pirc (Primary Nurse Practitioner)
  • Compensation: $280,248
  • Related: $0
  • Other: $0

    • Joyce A Taylor (Vp, Quality Services, Cqo)
  • Compensation: $251,540
  • Related: $0
  • Other: $11,603

    • Cynthia J Racer (Vp, Clinical Services)
  • Compensation: $230,078
  • Related: $0
  • Other: $19,626

    • Jerrold Peters (Vp, Cio)
  • Compensation: $235,631
  • Related: $0
  • Other: $11,672

    • Thomas P Jubeck (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brett Himes (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dawn Gubanc-Anderson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Sanden (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael E Mayher (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond Paganini (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chetan Patel Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Rollins Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond Sines (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Steiger Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Ziegler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.uhhospitals.org

    Where can I find the form 990 for Lake Hospital System Inc?

    The Lake Hospital System Inc’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.uhhospitals.org

    Learn more at the official website: www.uhhospitals.org

    Mission Statement of Lake Hospital System Inc

    Lake Hospital System Inc, a 120-year-old healthcare institution, is dedicated to providing comprehensive healthcare services to the residents of its communities with a commitment to local access, healing with compassion, and superior quality. The organization, which has been serving the healthcare needs of its communities since 1902, has developed programs and partnerships to address the most pressing health issues. These priority areas include COVID-19, diabetes, chronic diseases, behavioral health, and access to care.

    Lake Hospital System, a nonprofit institution, has a long-standing tradition of providing services and programs based on the health care needs of the communities it serves. With a focus on accessibility, the organization has contracted with most insurance providers and operates three full-service emergency departments for all persons, regardless of their ability to pay. The institution's mission is to bring the best resources together to provide an expanded level of community care, allowing patients to receive superior patient care without leaving their communities.

    In line with its commitment to local access and compassionate healing, Lake Hospital System provides services and programs based on the health care needs of the communities it serves. It continues to help care and educate its communities regarding important health issues, such as COVID-19. In 2021, the organization provided approximately $450,000 in community benefit through health education and contributed approximately $8.5 million in cash and in-kind donations to civic and community programs and partnerships with a health and wellness focus. These efforts include supporting over 50 local organizations, providing community programs such as infant and childbirth programs, and hosting events like the United Way Day of Caring and Harvest for Hunger. Lake Hospital System continues to be an anchor institution in its communities, dedicated to providing essential healthcare services and making a positive impact on the lives of its residents.

    Impact

    This information is meant to be a general summary of Lake Hospital System Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Lake Hospital System Inc's impact is significant as it provides comprehensive health care services to the residents of Lake County and neighboring communities, with a strong focus on local access, compassionate healing, and superior quality. With a history dating back 120 years, Lake Health has been a pillar in addressing the health care needs of the community. By partnering with various organizations and conducting collaborative health needs assessments, Lake Health has developed programs and services to tackle pressing health issues such as COVID-19, diabetes, chronic diseases, behavioral health, and access to care.

    The hospital system comprises 11 facilities across three counties, offering a wide range of services including acute care, outpatient care, rehabilitation, and geriatric psychiatry. Accessibility is a key tenet of their mission, as they work with numerous insurance providers to ensure that patients have access to primary care physicians and specialists regardless of their ability to pay. Additionally, Lake Health operates full-service emergency departments that are open to all individuals.

    In 2021 alone, Lake Health provided approximately $450,000 in community benefit through health education initiatives and contributed around $8.5 million in cash and in-kind donations to support civic and community programs with a focus on health and wellness. The hospital system actively engages with the community through various programs and events, supporting local organizations, offering educational programs, hosting support groups, and collaborating on initiatives like breast health for Hispanic women and integrative health and wellness.

    By continuing to adapt to the changing needs of the community and focusing on preventive care, education, and community partnerships, Lake Hospital System Inc plays a vital role in promoting health and well-being in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $36,603,703
  • Program Service Revenue: $385,477,854
  • Gross Receipts: $944,998,078

    • Assets and Liabilities:
  • Total Assets: $631,158,601
  • Total Liabilities: $121,765,594
  • Net Assets: $509,393,007
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PATIENT CARE

    Revenue

    $385,477,854

    Organization Details

    Founding Year

    1983

    Principal Officer

    Robert Tracz

    Main Address

    3605 WARRENSVILLE CTR RD MSC 9155, SHAKER HEIGHTS, OH, 44122

    NTEE Category

    Code: E22 - Health

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