Lakeland Regional Medical Center Inc
90% goes to programs $0 to raise $100 Growing revenue
Lakeland Regional Medical Center Inc is a 501(c)(3) organization based in Lakeland, Florida, registered in 1986, with $1,339,332,000 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
1324 Lakeland Hills Blvd, Lakeland, FL, 33805 EIN 59-2650456 Since 1986
Revenue (FY2023)
$1.3B
▲ 15.6% vs prior year
Health median: $840K
Expenses (FY2023)
$1.2B
Net assets
$513.0M
Employees
7,749
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lakeland Regional Medical Center Inc: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lakeland Regional Medical Center Inc: 5 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lakeland Regional Medical Center Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lakeland Regional Medical Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Lakeland regional health's strategic imperative is to develop as a nationally recognized, fiscally strong and growing collaborative regional health system that improves lives by offering safe, high quality, equitable and affordable healthcare, while demonstrating an equal commitment to the promotion of individual and community health, wellness and disease prevention.
Contact & location
- Address
- 1324 Lakeland Hills Blvd, Lakeland, FL, 33805
- City
- Lakeland
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $737.3M (FY2013) to $1.3B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $650.2MNet assets $513.0M
Operating margin
13.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$650.2M
Net assets
$513.0M
Salaries & benefits
$533.0M
46% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,339,332,000▲15.6% | $1,160,155,051▲11.6% | $512,962,336▲10.2% | $1,163,166,683▲4.0% | 990 |
| 2022 | $1,158,223,255▲12.6% | $1,039,271,249▲8.3% | $465,491,258▲21.2% | $1,118,251,093▲6.7% | 990 |
| 2021 | $1,028,284,243▲1.0% | $959,776,613▲5.5% | $384,193,877▼3.8% | $1,047,675,429▼2.8% | 990 |
| 2020 | $1,018,219,105▲18.3% | $909,956,644▲15.4% | $399,422,379▲50.1% | $1,077,871,158▲34.8% | 990 |
| 2019 | $860,757,084▼4.9% | $788,256,373▼6.1% | $266,088,255▼33.8% | $799,528,886▼5.8% | 990 |
| 2018 | $905,422,211▲9.8% | $839,674,800▲9.7% | $401,781,493▼2.6% | $848,882,351▼3.7% | 990 |
| 2017 | $824,963,553▲3.6% | $765,756,833▲7.2% | $412,568,160▲17.2% | $881,345,735▲7.7% | 990 |
| 2016 | $796,617,390▲0.8% | $714,220,955▲1.2% | $352,019,313▲6.6% | $818,710,114▲1.7% | 990 |
| 2015 | $790,282,259▲3.1% | $705,750,337▲1.2% | $330,161,273▲38.4% | $805,339,987▲7.2% | 990 |
| 2014 | $766,196,580▲3.9% | $697,229,016▲3.9% | $238,545,697▲10.0% | $751,236,510▲40.5% | 990 |
| 2013 | $737,329,903 | $670,978,562▲3.4% | $216,867,240▲13.9% | $534,743,678▲6.7% | 990 |
| 2012 | — | $648,914,099▲0.1% | $190,442,193▲8.1% | $501,272,430▲1.4% | 990 |
| 2011 | — | $648,099,827▲8.7% | $176,204,259▲8.4% | $494,435,541▲3.3% | 990 |
| 2010 | — | $596,003,137▲4.3% | $162,482,315▼54.4% | $478,537,799▲2.7% | 990 |
| 2009 | — | $571,206,103 | $356,490,053 | $465,999,119 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Danielle Drummond — $1,292,236 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Danielle Drummond | President/chief Exec. Officer | 50 | $1,292,236 |
| Terry Hamilton | Evp - Chief Operating Officer | 50 | $774,705 |
| Timothy Regan | President/chief Medical Officer | 50 | $769,378 |
| Lance Green | Evp - Chief Financial Officer | 50 | $747,140 |
| Jonn Hoppe | Evp - Chief Legal Officer | 50 | $735,527 |
| Donald Davis Md | Physician | 50 | $609,227 |
| Hal Escowitz | Chief Quality & Medical Informatics Officer | 50 | $600,948 |
| Francisco J Chebly | Executive Director Lrh Physician Group | 50 | $552,566 |
| Scott Dimmick | Svp - Chief Human Resources Officer | 50 | $507,747 |
| Sarah Bhagat | Coo/svp Ambulatory Oper. & Organizations | 50 | $499,232 |
| Ana Kalman | Svp - Cio/chief Applications Officer | 50 | $488,964 |
| Deana L Nelson | Svp - Administration & Corporate Priorities | 50 | $486,981 |
| Sowsan Rasheid Md | Physician | 50 | $454,867 |
| Patrick Phillips | Svp - Business Development | 50 | $443,408 |
| Timothy Boynton | Svp - Development/chief Public Relations and Commu | 50 | $441,305 |
| Stacy Bolton | Svp - Cio/chief Technology Officer | 50 | $440,628 |
| Nancy Finnigan Do | Physician | 50 | $432,990 |
| April Novotny | Svp - Chief Nurse Executive | 50 | $389,719 |
| Michael Spake | Svp - External Affairs/chief Compliance Officer | 50 | $389,574 |
| Anas Bizanti Md | Physician | 50 | $348,346 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Creative Contractors Inc | Construction Contractor | $35,581,524 |
| Cerner Corporation | Software Maintenance & Support | $7,784,476 |
| Nemours Foundation | Professional Services | $6,418,972 |
| University Medical Services | Professional Services | $5,237,706 |
| Radiology and Imaging Specialists | Professional Services | $3,489,249 |
Grants received · $25K total
2 grants to Lakeland Regional Medical Center Inc totaling $25K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Cancer Society Inc | Patient support | 2024 | $15,000 |
| American Cancer Society Inc | Patient support | 2024 | $10,000 |
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Frequently asked questions
- Is Lakeland Regional Medical Center Inc a legitimate nonprofit?
- Yes. Lakeland Regional Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-2650456, based in Lakeland, Florida. Donations are tax-deductible.
- What is Lakeland Regional Medical Center Inc's EIN?
- Lakeland Regional Medical Center Inc's Employer Identification Number (EIN) is 59-2650456.
- How much revenue does Lakeland Regional Medical Center Inc report?
- Lakeland Regional Medical Center Inc reported $1,339,332,000 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lakeland Regional Medical Center Inc's spending goes to programs?
- Lakeland Regional Medical Center Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lakeland Regional Medical Center Inc have?
- CharityIndex grades Lakeland Regional Medical Center Inc A, based on program efficiency and fundraising cost.
- How much does Lakeland Regional Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Lakeland Regional Medical Center Inc's latest Form 990 is $1,292,236, paid to Danielle Drummond (President/chief Exec. Officer).
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Data for Lakeland Regional Medical Center Inc (EIN 59-2650456) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.