Public Charity

SPECIALTY HOSPITAL OF LORAIN

Based in AMHERST, OH, SPECIALTY HOSPITAL OF LORAIN operates as a Public Charity. The organization reported $2.5M in revenue, $3.1M in expenses, $491K in total assets for fiscal year 2024.

EIN: 341902731 AMHERST, OH Hospitals NTEE: E20 Latest filing: 2024
Total Revenue$2.5M
Total Expenses$3.1M
Total Assets$491K
Grant Records0
Filing Years2019–2024

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.

Where $100 goes at Specialty Hospital of Lorain

How Specialty Hospital of Lorain divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$83 Programs the work itself
$17 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $83 for programs

$83
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…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TRUSTEE Cindy Denison
CHAIRMAN Jeffrey Close
COO/CNO Lori Ison
INTERIM PRESIDENT & CEO/CF Michelle Hennis
TRUSTEE Sue Bowers
TRUSTEE Todd Harford

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $2.5M $3.1M $491K
2023 $5.3M $5.8M $1.9M
2022 $6.9M $6.8M $2.8M
2020 $6.9M $6.3M $3.7M
2019 $6.5M $6.4M $2.0M

Between 2019 and 2024, reported annual revenue declined from $6.5M to $2.5M (-62%), with total assets most recently reported at $491K.

Interactive year-over-year charts and full filing details available with membership.

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