Lakeland Regional Medical Center Foundation
Lakeland Regional Medical Center Foundation reported $18.6 million in revenue and $11.2 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $91.43 went to program services, $3.45 to management and general costs and $5.12 to fundraising. Its largest source of revenue was contributions and grants: 81.6% of the total. The highest compensation it reported for one person was $1,740,097 (President/CEO of LRHS). Revenue rose 701% 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 $11MFor context, the median across 5,669 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 $19MOther revenue was negative: −$3.8M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.4% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.4% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.1% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 81.6% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,740,097 | $967,624 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 15.47% | 1.35% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 54.6 | 6.6 |
| Independent voting board members Part VI 1a–1b | 15 of 17 | 88.9% |
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 expenseAll of the Foundation's programs serve to further the quality of patient care at Lakeland Regional Health to deliver nationally recognized healthcare, strengthen the health of the community and advance the future of healthcare for those it serves
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President/CEO of LRHS Director/trustee, officer, 1.00 hrs/week | $0 | $1,487,708 | $252,389 | $1,740,097 |
| Secretary/Treasurer Director/trustee, officer, 1.00 hrs/week | $0 | $828,288 | $161,524 | $989,812 |
| SVP - Development/Chief Public Relations Key employee, 1.00 hrs/week | $0 | $492,000 | $107,924 | $599,924 |
0 people received more than $100,000 in reportable compensation from Lakeland Regional Medical Center Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b17 · 15 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 2No
- 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 4No
- 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 50
- Volunteers Part I, line 61,561
Private foundation grants it received
6 private foundations reported grants to Lakeland Regional Medical Center Foundation totaling $524K 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 Lakeland Regional Medical Center Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lakeland Regional Medical Center Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Lakeland Regional Medical Center Foundation spent in FY2025, $91.43 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Center for Family Health and EducationVAN Nuys, CA · revenue $19M · programs 71.0% · 2024
- Washington County Johnson City Emergency Medical ServiceJohnson City, TN · revenue $19M · programs 89.9% · FY2025
- Chota Community Health ServicesMadisonville, TN · revenue $19M · programs 79.5% · 2025
- Houchin Community Blood BankBakersfield, CA · revenue $19M · programs 78.5% · 2025
- Family Health Center of Southern OklahomaTishomingo, OK · revenue $19M · programs 74.0% · 2024
Questions people ask
How much of Lakeland Regional Medical Center Foundation's spending goes to programs?
In the fiscal year ending September 30, 2025, Lakeland Regional Medical Center Foundation reported that 91.4% of its $11.2 million in expenses went to program services, 3.4% to management and general and 5.1% to fundraising (Form 990, Part IX).
How much does Lakeland Regional Medical Center Foundation pay its top executive?
The largest total compensation Lakeland Regional Medical Center Foundation reported for one person in the fiscal year ending September 30, 2025 was $1,740,097, for the role of President/CEO of LRHS (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lakeland Regional Medical Center Foundation get its money?
Of $18.6 million in revenue in the fiscal year ending September 30, 2025, 81.6% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Lakeland Regional Medical Center Foundation a registered charity?
The IRS lists EIN 23-7134974 as a 501(c)(3) organization (supporting organization (509(a)(3))), 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 202622269349302187 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532279349301633 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202442269349302289 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312139349300731 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202202239349301780 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202142239349301909 · read the filing
All filings for EIN 23-7134974: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.