Nonprofit · EIN 34-1425872
LAKE HOSPITAL FOUNDATION INC
Also known as LAKE HEALTH FOUNDATION
Tax-exempt · CONCORD TWP, OH 44077
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,358,100 | $1,151,737 | $206,363 | $24,366,825 | $4,670,225 | $19,696,600 |
| December 31, 2023 | 990 | $848,068 | $875,147 | -$27,079 | $23,646,363 | $5,418,403 | $18,227,960 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $402,675
- Program service revenue
- $0
- Investment income
- $955,425
- Net gain from sales of assets
- $591,531
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $952,665
- Other salaries and wages
- $123,874
- Salaries, compensation and benefits (total)
- $141,146
- Professional fundraising fees
- $0
- Accounting fees
- $4,200
- Program services (functional)
- $1,138,447
- Management and general (functional)
- $13,290
Balance sheet and other
- Total assets, start of year
- $23,646,363
- Total assets, end of year
- $24,366,825
- Total liabilities, end of year
- $4,670,225
- Net assets, end of year
- $19,696,600
- Publicly traded securities
- $23,045,610
- Net assets without donor restrictions
- $11,973,450
- Net assets with donor restrictions
- $7,723,150
- Gross receipts
- $1,358,100
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1983
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STROSAKER ROBYN | TRUSTEE/PRESIDENT (EX-OFFICIO) Trustee or director, Officer | 2 | $0 | $963,253 | $165,563 |
| PATEL CHETAN P MD | TRUSTEE Trustee or director | 2 | $0 | $795,960 | $38,894 |
| CICERO RICHARD | TRUSTEE (EX-OFFICIO) Trustee or director | 2 | $0 | $486,999 | $95,101 |
| TADESE TINU MD | TRUSTEE (EX-OFFICIO) (END 10/24) Trustee or director | 2 | $0 | $356,486 | $49,865 |
| COMBS BRIDGET MD | TRUSTEE/SECRETARY Trustee or director, Officer | 2 | $0 | $260,286 | $25,926 |
| FLASH MARK | EXECUTIVE DIRECTOR (END 07/24) Officer | 40 | $0 | $159,853 | $19,585 |
| BAUMBERGER RONALD | TRUSTEE/VICE CHAIR (END 07/24) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CAHILL TIMOTHY A | TRUSTEE/TREASURER (END 03/24) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LINGENFELTER ANDREW | TRUSTEE/VICE-CHAIR (BEG 09/24) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| THOMPSON KATHLEEN | TRUSTEE/CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BILECI-COCCA AMY | TRUSTEE (END 09/24) Trustee or director | 2 | $0 | $0 | $0 |
| FLYNN OSCAR | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| GUBAN PHILIP | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| KOCHIK GEORGE | TRUSTEE (EX-OFFICIO) Trustee or director | 2 | $0 | $0 | $0 |
| NEKIC JOHN | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAGANINI RAYMOND J | TRUSTEE Trustee or director | 2 | $0 |
| PERRICO MICHAEL A | TRUSTEE (END 01/24) Trustee or director | 2 | $0 |
| TULLAI-MCGUINNESS SUSAN | TRUSTEE (BEG 12/24) Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PATEL CHETAN P MD | TRUSTEE Trustee or director | 2 | $0 | $697,196 | $36,026 |
| CICERO RICHARD | TRUSTEE (EX-OFFICIO) Trustee or director | 2 | $0 | $388,713 | $47,614 |
| TADESE TINU MD | TRUSTEE (EX-OFFICIO) Trustee or director | 2 | $0 | $362,551 | $40,840 |
| COMBS BRIDGET MD | TRUSTEE/SECRETARY Trustee or director, Officer | 2 | $0 | $301,575 | $26,128 |
| FLASH MARK | EXECUTIVE DIRECTOR Officer | 40 | $0 | $205,635 | $16,886 |
| BAUMBERGER RONALD | TRUSTEE/VICE CHAIR (BEGIN 03/23) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CAHILL TIMOTHY A | TRUSTEE/TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| GUBAN PHILIP | TRUSTEE/CHAIR (END 03/23) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| THOMPSON KATHLEEN | TRUSTEE/CHAIR (BEGIN 03/23) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BILECI-COCCA AMY | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| FLYNN OSCAR | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| KOCHIK GEORGE | TRUSTEE (EX-OFFICIO) Trustee or director | 2 | $0 | $0 | $0 |
| LINGENFELTER ANDREW | TRUSTEE (BEGIN 11/23) Trustee or director | 2 | $0 | $0 | $0 |
| NEKIC JOHN | TRUSTEE (BEGIN 11/23) Trustee or director | 2 | $0 | $0 | $0 |
| PAGANINI RAYMOND J | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| PERRICO MICHAEL A | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| SCHIEBLI ROBERT | TRUSTEE (END 02/23) Trustee or director | 2 | $0 | $0 | $0 |
| STEIN NEIL | TRUSTEE (END 02/23) Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7590 AUBURN RD, CONCORD TWP, OH 44077-9176
- Principal officer (990 for 2024)
- TIMOTHY A CAHILL, 7590 AUBURN ROAD, CONCORD TOWNSHIP, OH 44077
- Signed the 990
- BRADLEY C BOND, CFO, UHHS
- Phone
- (216) 844-1000
- Return prepared by
- DELOITTE TAX LLP
Mission
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.
Program accomplishments
- THE FOUNDATION GRANTS ASSISTANCE TO LAKE HOSPITAL SYSTEM, INC. TO FURTHER ENHANCE THE HOSPITAL'S MISSION AND COMMUNITY BENEFIT.Expenses $1,138,447 · grants $952,665
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1425872
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E22I)
- Assets (IRS master file)
- $24,366,825
- Income (IRS master file)
- $1,358,100
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,358,100 | $1,151,737 | $24,366,825 | IRS |
| 990 | December 2023 | $848,068 | $875,147 | $23,646,363 | XML |
| 990 | December 2022 | $688,702 | $1,047,073 | $22,464,716 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1425872).
Questions about LAKE HOSPITAL FOUNDATION INC
- What is the EIN of LAKE HOSPITAL FOUNDATION INC?
- The employer identification number (EIN) of LAKE HOSPITAL FOUNDATION INC is 34-1425872.
- Is LAKE HOSPITAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to LAKE HOSPITAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE HOSPITAL FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE HOSPITAL FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE HOSPITAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAKE HOSPITAL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names TIMOTHY A CAHILL.
- Who are the officers and directors of LAKE HOSPITAL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does LAKE HOSPITAL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,358,100, expenses of $1,151,737 and total assets of $24,366,825 at year end.
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