Lmw Healthcare Inc
94% goes to programs $0 to raise $100 Thin reserves
Lmw Healthcare Inc is a 501(c)(3) organization based in Westerly, Rhode Island, registered in 2013, with $135,565,071 in FY2023 revenue. CharityIndex grades it C+, and it directs about 94% of spending to programs.
25 Wells St, Westerly, RI, 02891 EIN 46-0543230 Since 2013
Revenue (FY2023)
$135.6M
▲ 8.2% vs prior year
Health median: $840K
Expenses (FY2023)
$152.2M
Net assets
-$20.7M
Employees
1,192
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating94% 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 Lmw Healthcare Inc: 94% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -12% 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 Lmw Healthcare Inc: 0 mo reserves · -12% margin earns a D 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 Lmw Healthcare 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 Lmw Healthcare Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide medical care in the westerly, rhode island community and surrounding towns.
Contact & location
- Address
- 25 Wells St, Westerly, RI, 02891
- City
- Westerly
- State
- Rhode Island
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $73.1M (FY2013) to $135.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $116.1MNet assets -$20.7M
Operating margin
-12.2%
Spent more than it raised in the latest fiscal year.
Total assets
$95.4M
Total liabilities
$116.1M
Net assets
-$20.7M
Salaries & benefits
$65.0M
43% of expenses
Board members
15
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $135,565,071▲8.2% | $152,156,601▲4.5% | -$20,729,921▼296% | $95,404,587▲7.8% | 990 |
| 2022 | $125,333,691▲2.7% | $145,612,405▲13.8% | -$5,240,837▼137% | $88,477,701▼16.0% | 990 |
| 2021 | $122,022,582▲1.9% | $127,923,831▲11.5% | $14,323,508▼35.3% | $105,297,607▼15.6% | 990 |
| 2020 | $119,746,430▲44.1% | $114,776,115▲9.7% | $22,148,556▲88.1% | $124,690,192▲31.7% | 990 |
| 2019 | $83,091,800▲8.0% | $104,644,850▲43.4% | $11,774,418▼65.0% | $94,690,843▲9.3% | 990 |
| 2018 | $76,921,470▲13.9% | $72,976,958▲5.1% | $33,630,425▲0.5% | $86,621,731▲14.0% | 990 |
| 2017 | $67,560,865▲7.9% | $69,445,624▼1.2% | $33,474,000▼6.8% | $76,002,886▲4.5% | 990 |
| 2016 | $62,612,386▼2.5% | $70,256,549▲1.0% | $35,934,678▲5.6% | $72,725,888▲15.8% | 990 |
| 2015 | $64,214,044▼9.9% | $69,564,913▼1.5% | $34,038,891▼27.6% | $62,779,155▲9.1% | 990 |
| 2014 | $71,253,135▼2.6% | $70,632,021▲2.2% | $47,026,043▲13.9% | $57,561,387▲1.7% | 990 |
| 2013 | $73,144,298 | $69,081,183▲194% | $41,289,171▲30.6% | $56,614,653▼3.5% | 990 |
| 2012 | — | $23,530,736 | $31,612,394 | $58,654,973 | 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: Karen Davis — $265,661 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Karen Davis | Clinical Care Coordinator | 40 | $265,661 |
| Kimberly Dufficy | Nurse Manager | 40 | $230,007 |
| Karl Ng | Clinical Pharmacist | 40 | $188,096 |
| Julia Smith | Registered Nurse | 40 | $169,793 |
| Stacey Fiore | Registered Nurse | 40 | $165,718 |
| Richard Lisitano | President/trustee | 8 | $138,715 |
| Daniel Gaccione | Vice Chairman and Trustee | 1 | $5,250 |
| Catherine Zall | Trustee | 1 | — |
| Daniel Brannegan | Trustee | 1 | — |
| Denise Fiore | Former Officer | 0 | — |
| F Gregory Ahern | Chairman and Trustee | 1 | — |
| Gail Kosyla | Treasurer | 1 | — |
| James Maynard | Trustee | 1 | — |
| John Holstein | Trustee | 1 | — |
| Kathleen Holt | Trustee | 1 | — |
| Marie Peakman | Trustee | 1 | — |
| Maureen Anderson | Former Officer | 0 | — |
| Nicholas Fortson | Trustee | 1 | — |
| Patrick L Green | Former Officer (vested Deferred) | 0 | — |
| Patrick L Green | Former Officer (current Yr Comp) | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Vaya Workforce Solutions LLC | Staffing Services | $4,982,055 |
| Payette Associates Inc | Architectural Services | $1,131,134 |
| Unitex Textile Rental Inc | Laundering Service | $431,954 |
| Quest Diagnostics Nichols Institute Inc | Laboratory Services | $412,148 |
| Bard Rao & Athanas Consulting Engineers | Architectural Services | $200,559 |
Grants received · $260K total
19 grants to Lmw Healthcare Inc totaling $260K, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Lmw Healthcare Inc a legitimate nonprofit?
- Yes. Lmw Healthcare Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-0543230, based in Westerly, Rhode Island. Donations are tax-deductible.
- What is Lmw Healthcare Inc's EIN?
- Lmw Healthcare Inc's Employer Identification Number (EIN) is 46-0543230.
- How much revenue does Lmw Healthcare Inc report?
- Lmw Healthcare Inc reported $135,565,071 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lmw Healthcare Inc's spending goes to programs?
- Lmw Healthcare Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lmw Healthcare Inc have?
- CharityIndex grades Lmw Healthcare Inc C+, based on program efficiency and fundraising cost.
- How much does Lmw Healthcare Inc's highest-paid employee make?
- The highest reported compensation on Lmw Healthcare Inc's latest Form 990 is $265,661, paid to Karen Davis (Clinical Care Coordinator).
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Data for Lmw Healthcare Inc (EIN 46-0543230) 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.