Licking Memorial Hospital
93% goes to programs $0 to raise $100 Growing revenue
Licking Memorial Hospital is a 501(c)(3) organization based in Newark, Ohio, registered in 1937, with $399,199,871 in FY2024 revenue. CharityIndex grades it A+, and it directs about 93% of spending to programs.
1320 W Main St, Newark, OH, 43055 EIN 31-4379519 Since 1937
Revenue (FY2024)
$399.2M
▲ 25.7% vs prior year
Health median: $840K
Expenses (FY2024)
$325.7M
Net assets
$143.0M
Employees
2,387
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating93% 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 Licking Memorial Hospital: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +18% 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 Licking Memorial Hospital: 5 mo reserves · +18% 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 Licking Memorial Hospital: 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 Licking Memorial Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To improve the health of the community.
Contact & location
- Address
- 1320 W Main St, Newark, OH, 43055
- City
- Newark
- State
- Ohio
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $195.4M (FY2013) to $399.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $85.0MNet assets $143.0M
Operating margin
18.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$228.0M
Total liabilities
$85.0M
Net assets
$143.0M
Salaries & benefits
$161.4M
50% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $399,199,871▲25.7% | $325,735,547▲9.9% | $142,971,536▲9.5% | $227,954,090▲20.1% | 990 |
| 2023 | $317,635,537▼4.3% | $296,497,436▲6.3% | $130,509,725▲7.3% | $189,836,889▼1.6% | 990 |
| 2022 | $331,971,487▲0.9% | $278,962,578▲2.6% | $121,631,421▲15.0% | $192,905,009▼2.1% | 990 |
| 2021 | $329,143,121▲10.8% | $271,877,482▲13.5% | $105,807,124▲46.1% | $197,027,298▲0.2% | 990 |
| 2020 | $297,094,577▲4.0% | $239,465,484▲5.5% | $72,414,267▼12.3% | $196,640,246▲12.4% | 990 |
| 2019 | $285,617,348▲6.2% | $227,004,134▲4.9% | $82,582,887▲14.3% | $174,875,817▲4.5% | 990 |
| 2018 | $268,857,925▲6.6% | $216,409,829▲4.6% | $72,247,743▼8.6% | $167,338,286▲0.6% | 990 |
| 2017 | $252,268,672▲4.3% | $206,881,109▲5.6% | $79,073,226▼11.9% | $166,403,938▼3.7% | 990 |
| 2016 | $241,851,323▲7.2% | $195,915,347▲6.7% | $89,742,745▲7.5% | $172,780,718▼1.7% | 990 |
| 2015 | $225,630,799▲6.2% | $183,685,391▲7.9% | $83,467,516▼11.8% | $175,703,832▲6.9% | 990 |
| 2014 | $212,452,880▲8.7% | $170,307,013▲4.5% | $94,669,083▲6.4% | $164,321,316▲13.7% | 990 |
| 2013 | $195,402,152 | $163,050,895▲9.0% | $88,991,342▲52.4% | $144,529,962▼2.2% | 990 |
| 2012 | — | $149,575,645▲3.3% | $58,396,144▲2.9% | $147,845,017▲6.3% | 990 |
| 2011 | — | $144,822,546▲1.2% | $56,752,861▼13.0% | $139,138,337▲6.3% | 990 |
| 2010 | — | $143,103,378 | $65,214,623 | $130,923,203 | 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 (FY2024)
Highest-paid: Robert Montagnese — $929,719 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Montagnese | President & Ceo | 41.7 | $929,719 |
| Craig Cairns | Vp, Medical Affairs | 52 | $388,412 |
| Cindy Webster | Vp, Financial Services | 41.7 | $349,321 |
| Heather Burkhart | Vp, Acute Care Services | 52 | $285,167 |
| Veronica Patton | Vp, Development & Pr | 15.4 | $280,639 |
| Holly Slaughter | Vp, Hr & Support Services | 52 | $269,888 |
| Benjamin Broyles | Vp, Community Health & Wellness | 52 | $262,306 |
| Alexander Miller | Director (thru 04/24) | 1.3 | — |
| C Daniel Hayes | Director | 1.3 | — |
| Charles Moore | Director | 1.3 | — |
| Dana Moore | Director (from 04/24) | 1.3 | — |
| Jack A Treinish Jr | Director | 1.3 | — |
| Jacqueline H Parrill Edd | Chair | 1.3 | — |
| James R Cooper | Vice Chair | 1.3 | — |
| Jay Young | Treasurer (from 04/2024) | 1.3 | — |
| Jennifer Roberts | Director (from 04/24) | 1.3 | — |
| Jim L Ward | Director | 1.3 | — |
| Katherine C Snyder Phd | Director (from 04/24) | 1.3 | — |
| Konrod Morris | Director (from 04/24) | 1.3 | — |
| Marcia Downes | Secretary | 1.3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pluto Healthcare Staffing | Medical Staffing | $2,771,193 |
| Quest Diagnostics | Diagnostic Testing | $1,351,674 |
| Weatherby Locums | Medical Staffing | $1,023,696 |
| Robertson Construction Services Inc | Construction | $1,011,821 |
| Aya Healthcare Inc | Medical Staffing | $906,648 |
Grants received · $78K total
11 grants to Licking Memorial Hospital totaling $78K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Denison University | Community sponsorship | 2023 | $7,476 |
| Denison University | Community sponsorship | 2022 | $7,644 |
| Denison University | Community sponsorship | 2021 | $8,200 |
| Denison University | Golf gala sponsorship | 2020 | $6,660 |
| Donor Advised Charitable Giving | Health | 2020 | $5,000 |
| Donor Advised Charitable Giving | Health | 2020 | $5,000 |
| Donor Advised Charitable Giving | Health | 2019 | $8,156 |
| Denison University | Golf gala sponsorship | 2019 | $7,050 |
| Donor Advised Charitable Giving | Health & human services | 2017 | $5,100 |
| Patient Access Network Foundation | Patient assistance | 2015 | $15,786 |
| Columbus Foundation | Health | 2015 | $2,300 |
Grants made · $700K in FY2024
1 grant totaling $700K in FY2024. All grants made by Licking Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Licking Memorial Health Foundation | Community support | $700,063 |
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Compare Licking Memorial Hospital
Frequently asked questions
- Is Licking Memorial Hospital a legitimate nonprofit?
- Yes. Licking Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-4379519, based in Newark, Ohio. Donations are tax-deductible.
- What is Licking Memorial Hospital's EIN?
- Licking Memorial Hospital's Employer Identification Number (EIN) is 31-4379519.
- How much revenue does Licking Memorial Hospital report?
- Licking Memorial Hospital reported $399,199,871 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Licking Memorial Hospital's spending goes to programs?
- Licking Memorial Hospital spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Licking Memorial Hospital have?
- CharityIndex grades Licking Memorial Hospital A+, based on program efficiency and fundraising cost.
- How much does Licking Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Licking Memorial Hospital's latest Form 990 is $929,719, paid to Robert Montagnese (President & Ceo).
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Data for Licking Memorial Hospital (EIN 31-4379519) 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.