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Lawrence Memorial Hospital

New London, CT · EIN 06-0646704 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Lawrence Memorial Hospital reported $533.9 million in revenue and $521.2 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $90.88 went to program services, $9.07 to management and general costs and $0.05 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.6% of the total. The highest compensation it reported for one person was $1,988,355 (TREASURER). 565 people received more than $100,000 in reportable compensation. Revenue rose 39% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $521M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $534M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
90.9%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
9.1%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.09$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.5%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.1%0.1%
Program service revenue share
Part VIII 2g ÷ 12
98.6%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,988,355$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.38%1.34%
People paid over $100,000
Part VII, line 2
56527
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
7.76.6
Independent voting board members
Part VI 1a–1b
10 of 1488.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$474M expenses · 100.0% of program spending · grants $368K · revenue $527M

No description in Part III; see the filing.

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
TREASURER
Officer, 1.00 hrs/week
$0$1,546,462$441,893$1,988,355
SECR/TRUSTEE (CURRENT YR COMP)
Director/trustee, officer, 1.00 hrs/week
$0$1,508,654$213,094$1,721,748
PRESIDENT/TRUSTEE (CURRENT YR COMP)
Director/trustee, officer, 32.00 hrs/week
$741,142$185,285$332,998$1,259,425
VP/CMO
Key employee, 32.00 hrs/week
$715,614$178,903$122,862$1,017,379
FORMER OFFICER
Former, 0.00 hrs/week
$0$699,459$0$699,459
ED PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$616,079$0$36,011$652,090
ED PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$586,445$0$44,331$630,776
ED MEDICAL DIRECTOR
Highest compensated employee, 40.00 hrs/week
$531,313$0$76,889$608,202

565 people received more than $100,000 in reportable compensation from Lawrence Memorial Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.4M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$200M$400M$600M$800MFY2020FY2021FY2022FY2023FY2024FY2025$534M$521M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$534M$521M90.9%$336M$1,988,355
FY2024 ⓘ$501M$493M92.2%$297M$1,543,615
FY2023 ⓘ$472M$465M90.8%$281M$4,635,093
FY2022 (amended) ⓘ$462M$443M91.5%$270M$2,480,400
FY2021 ⓘ$441M$420M85.2%$264M$1,603,764
FY2020 ⓘ$384M$395M88.1%$217M$1,499,657

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b14 · 10 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 52,743
  • Volunteers Part I, line 6178

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
VAYA WORKFORCE SOLUTIONS LLC
Staffing services
$14,209,736
IPC HOSPITALISTS OF NEW ENGLAND PC
Hospitalists
$10,777,342
UNITEX TEXTILE RENTAL INC
Laundering services
$1,799,638
PAYETTE ASSOCIATES INC
Architectural services
$1,368,955

Individuals listed as contractors are left out. 48 contractors were paid more than $100,000 in all.

Private foundation grants it received

19 private foundations reported grants to Lawrence Memorial Hospital totaling $592K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Lawrence Memorial Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lawrence Memorial Hospital, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Connecticut

Questions people ask

How much of Lawrence Memorial Hospital's spending goes to programs?

In the fiscal year ending September 30, 2025, Lawrence Memorial Hospital reported that 90.9% of its $521.2 million in expenses went to program services, 9.1% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Lawrence Memorial Hospital pay its top executive?

The largest total compensation Lawrence Memorial Hospital reported for one person in the fiscal year ending September 30, 2025 was $1,988,355, for the role of TREASURER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Lawrence Memorial Hospital get its money?

Of $533.9 million in revenue in the fiscal year ending September 30, 2025, 0.5% came from contributions and grants (including 0.1% from government grants) and 98.6% from program service revenue (Form 990, Part VIII).

Is Lawrence Memorial Hospital a registered charity?

The IRS lists EIN 06-0646704 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202612269349300531 · read the filing
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202502259349300225 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202402269349301765 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022 (amended), object 202342919349301409 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202232249349301323 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202122259349302057 · read the filing

All filings for EIN 06-0646704: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.