Nonprofit · EIN 34-1902731
SPECIALTY HOSPITAL OF LORAIN
Tax-exempt · AMHERST, OH 44001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,492,207 | $3,149,638 | -$657,431 | $490,748 | $260,291 | $230,457 |
| December 31, 2023 | 990 | $5,299,854 | $5,848,459 | -$548,605 | $1,930,355 | $1,042,467 | $887,888 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100
- Program service revenue
- $2,423,479
- Investment income
- $17,530
- Other revenue
- $51,098
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $933,263
- Salaries, compensation and benefits (total)
- $1,171,970
- Professional fundraising fees
- $0
- Legal fees
- $87,091
- Occupancy
- $92,862
- Travel
- $3,629
- Depreciation
- $25,436
- Program services (functional)
- $2,675,973
- Management and general (functional)
- $473,665
Balance sheet and other
- Total assets, start of year
- $1,930,355
- Total assets, end of year
- $490,748
- Total liabilities, end of year
- $260,291
- Net assets, end of year
- $230,457
- Land, buildings and equipment
- $36,336
- Net assets without donor restrictions
- $230,457
- Gross receipts
- $2,492,207
- Employees
- 43
- Volunteers
- 4
- Year formed
- 1998
- 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 | Other / benefits |
|---|---|---|---|---|
| LORI ISON | COO/CNO Officer | 40 | $76,862 | $16,549 |
| SUE BOWERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CINDY DENISON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TODD HARFORD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY CLOSE | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| MICHELLE HENNIS | INTERIM PRESIDENT & CEO/CF Officer | 20 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CYNTHIA WALLACE | CNP Highest-paid employee | 40 | $115,048 | $25,111 |
| LORI ISON | COO/CNO Officer | 40 | $90,431 | $26,480 |
| SUE BOWERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN CORCORAN | TRUSTEE JAN 23-JUNE 23 Trustee or director | 1 | $0 | $0 |
| CINDY DENISON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TODD HARFORD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY CLOSE | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| LYNN MIGGINS | TRUSTEE JUL 23-DEC 23 Trustee or director | 1 | $0 | $0 |
| MICHELLE HENNIS | INTERIM PRESIDENT & CEO/CFO Officer | 20 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 254 CLEVELAND AVE, AMHERST, OH 44001-1620
- In care of
- % KURT A BREUNIG
- Principal officer (990 for 2024)
- MICHELLE HENNIS, 254 CLEVELAND AVENUE, AMHERST, OH 44001
- Signed the 990
- MICHELLE HENNIS, INTERIM PRESIDENT AND CEO/CFO
- Phone
- (440) 988-6260
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO CREATE, CONSTRUCT, ACQUIRE, OWN, MANAGE, OPERATE, CONTROL, OR MAINTAIN ONE OR MORE HOSPITALS OR OTHER FACILITIES, INSTITUTIONS, PROGRAMS, OR FOUNDATIONS FOR THE PROVISION OF OR ENGAGEMENT IN ANY AND ALL HEALTHCARE OR HEALTHCARE-RELATED SERVICES OR ACTIVITIES.
Program accomplishments
- SPECIALTY HOSPITAL OF LORAIN IS A 28-BED LONG-TERM ACUTE CARE HOSPITAL (LTACH) WITH THE PRIMARY PURPOSE OF PROVIDING LONG-TERM HEALTH CARE SERVICES TO THE CITIZENS OF LORAIN COUNTY, OHIO AND THE SURROUNDING AREA THROUGH ITS LONG-TERM CARE FACILITIES.THE HOSPITAL CEASED ALL OPERATIONS AS OF AUGUST 2024.Expenses $2,675,973 · revenue $2,474,577
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
- 34-1902731
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E20)
- Assets (IRS master file)
- $490,748
- Income (IRS master file)
- $2,492,207
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,492,207 | $3,149,638 | $490,748 | IRS |
| 990 | December 2023 | $5,299,854 | $5,848,459 | $1,930,355 | XML |
| 990 | December 2022 | $6,879,099 | $6,835,764 | $2,831,990 | 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 34-1902731).
Questions about SPECIALTY HOSPITAL OF LORAIN
- What is the EIN of SPECIALTY HOSPITAL OF LORAIN?
- The employer identification number (EIN) of SPECIALTY HOSPITAL OF LORAIN is 34-1902731.
- Is SPECIALTY HOSPITAL OF LORAIN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to SPECIALTY HOSPITAL OF LORAIN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPECIALTY HOSPITAL OF LORAIN 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 SPECIALTY HOSPITAL OF LORAIN 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 SPECIALTY HOSPITAL OF LORAIN 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 SPECIALTY HOSPITAL OF LORAIN?
- The 990 for the year ended December 31, 2024 names MICHELLE HENNIS.
- Who are the officers and directors of SPECIALTY HOSPITAL OF LORAIN?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $76,862 (LORI ISON, COO/CNO).
- How much revenue does SPECIALTY HOSPITAL OF LORAIN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,492,207, expenses of $3,149,638 and total assets of $490,748 at year end.
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