Lg Newcorp
Also known as See Schedule O
Lg Newcorp reported $308.2 million in revenue and $258.6 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $64.70 went to program services, $35.30 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: 56.3% of the total. The highest compensation it reported for one person was $923,247 (PRESIDENT & CEO (UNTIL 02/2025)). Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $259MFor 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 $308MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 64.7% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 35.3% | 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 | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 56.3% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $923,247 | $967,624 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.36% | 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 | 4.5 | 6.6 |
| Independent voting board members Part VI 1a–1b | 3 of 4 | 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 expenseInpatient healthcare services - providing inpatient services consistent with our core values by providing access to comprehensive, high quality, compassionate, and efficient healthcare services. Merrimack health methuen hospital and merrimack health haverhill hospital make up two campuses that combine to make a 310 bed hospital that provided 46,390 patient days of inpatient services with 9,447 discharges during FY 2025
Outpatient healthcare services - providing outpatient services consistent with our core values by providing access to comprehensive, high quality, compassionate, and efficient healthcare services. During FY 2025, merrimack health methuen hospital and merrimack health haverhill hospital make up two campuses that had 107,548 outpatient visits
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 (UNTIL 02/2025) Director/trustee, officer, 1.0 hrs/week | $0 | $893,147 | $30,100 | $923,247 |
| INTERIM PRESIDENT & CEO (02/2025 - 04/2025) Officer, 1.0 hrs/week | $0 | $517,092 | $37,272 | $554,364 |
| CHIEF PHYSICIAN EXECUTIVE AND CMO Key employee, 1.0 hrs/week | $0 | $490,453 | $57,357 | $547,810 |
| CHIEF NURSE EXECUTIVE AND CQO Key employee, 1.0 hrs/week | $0 | $480,074 | $48,977 | $529,051 |
| CORP ASST SEC/CHRO HR (UNTIL 04/2025) Officer, 1.0 hrs/week | $0 | $370,877 | $32,731 | $403,608 |
| FORMER OFFICER Former, 0.0 hrs/week | $0 | $193,120 | $32,425 | $225,545 |
| INTERIM CFO (UNTIL 12/2024) Officer, 1.0 hrs/week | $0 | $179,850 | $0 | $179,850 |
0 people received more than $100,000 in reportable compensation from Lg Newcorp (Part VII, line 2).
1 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–1b4 · 3 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 15aNo
- 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 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 51,566
- Volunteers Part I, line 63
Correct a figure or respond
Every number above is copied from Lg Newcorp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lg Newcorp, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Lg Newcorp spent in FY2025, $64.70 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Lg Newcorp's spending goes to programs?
In the fiscal year ending September 30, 2025, Lg Newcorp reported that 64.7% of its $258.6 million in expenses went to program services, 35.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lg Newcorp pay its top executive?
The largest total compensation Lg Newcorp reported for one person in the fiscal year ending September 30, 2025 was $923,247, for the role of PRESIDENT & CEO (UNTIL 02/2025) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lg Newcorp get its money?
Of $308.2 million in revenue in the fiscal year ending September 30, 2025, 0.0% came from contributions and grants and 56.3% from program service revenue (Form 990, Part VIII).
Is Lg Newcorp a registered charity?
The IRS lists EIN 99-4230642 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 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 202622269349301442 · read the filing · XML
All filings for EIN 99-4230642: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.