Independent Healthcare Management
Also known as Lackey Memorial Hospital
Independent Healthcare Management reported $49.9 million in revenue and $49.2 million in expenses for calendar year 2024. Of every $100 it spent, $81.64 went to program services, $18.36 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.9% of the total. The highest compensation it reported for one person was $465,800 (PHYSICIAN). 5 people received more than $100,000 in reportable compensation. Revenue rose 39% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $49MFor 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
Calendar year 2024 · Form 990, Part VIII · total revenue $50MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.6% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.4% | 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 | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 4.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.3% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.9% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $465,800 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.95% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 5 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.8 | 6.6 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 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
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · 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 |
|---|---|---|---|---|
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $454,142 | $0 | $11,658 | $465,800 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $436,409 | $0 | $13,875 | $450,284 |
| CHAIRMAN Director/trustee, 40.00 hrs/week | $344,233 | $0 | $0 | $344,233 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $318,491 | $0 | $13,933 | $332,424 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $307,960 | $0 | $4,895 | $312,855 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $11,000 | $0 | $0 | $11,000 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $11,000 | $0 | $0 | $11,000 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $11,000 | $0 | $0 | $11,000 |
5 people received more than $100,000 in reportable compensation from Independent Healthcare Management (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
2024 · 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–1b5 · 5 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 5418
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BENTLEY MEDICAL PLC Physician | $629,040 |
| ALLIANCE HEALTHCARE SERVICES Physician | $433,383 |
| PALADIN EMERGENCY SERVICES CONSULTING Physician | $366,245 |
| NORTEK MEDICAL STAFFING INC Physician | $314,540 |
| MISSISSIPPI ANESTHESIA GROUP Anesthesia | $230,297 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Independent Healthcare Management's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Independent Healthcare Management, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Independent Healthcare Management spent in 2024, $81.64 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
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All health care charities · Largest charities in Mississippi
Questions people ask
How much of Independent Healthcare Management's spending goes to programs?
In calendar year 2024, Independent Healthcare Management reported that 81.6% of its $49.2 million in expenses went to program services, 18.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Independent Healthcare Management pay its top executive?
The largest total compensation Independent Healthcare Management reported for one person in calendar year 2024 was $465,800, for the role of PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Independent Healthcare Management get its money?
Of $49.9 million in revenue in calendar year 2024, 4.3% came from contributions and grants (including 4.3% from government grants) and 91.9% from program service revenue (Form 990, Part VIII).
Is Independent Healthcare Management a registered charity?
The IRS lists EIN 64-0770155 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
- 2024: Form 990 for calendar year 2024, object 202522799349300837 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413199349315526 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349315858 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233199349323038 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349322683 · read the filing
- 2019: Form 990 for calendar year 2019, object 202042939349300424 · read the filing
All filings for EIN 64-0770155: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.