Civic Intelligence

Lgh Administrative Services Inc.

990 • Fiscal year 2020 • EIN 32-0423203

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 15, 2021

1 General StreetLawrence, MA 01841

(978) 683-4000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.06x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

157.89x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

1st percentile

-519%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$917,425

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 385.4% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

18th percentile

-2.2%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

0.4%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$35,294,000

Down $809,014 (-2.2%) from 2019

Net Assets

Down

-$2,292,000

Down $1,235,954 (-117%) from 2019

Liabilities

Up

$37,586,000

Up $426,940 (+1.1%) from 2019

Revenue

Up

$238,057

Up $882 (+0.4%) from 2019

Expenses

Down

$1,473,592

Down $4,784 (-0.3%) from 2019

Net Income

Up

-$1,235,535

Up $5,666 (+0.5%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$20M$0-$20MAssets 2014: $155,000Liabilities 2014: $0Net Assets 2014: $155,0002014Assets 2015: $21,921,921Liabilities 2015: $20,612,252Net Assets 2015: $1,309,6692015Assets 2016: $39,228,273Liabilities 2016: $37,127,926Net Assets 2016: $2,100,3472016Assets 2017: $38,373,444Liabilities 2017: $36,952,529Net Assets 2017: $1,420,9152017Assets 2018: $37,497,297Liabilities 2018: $37,312,142Net Assets 2018: $185,1552018Assets 2019: $36,103,014Liabilities 2019: $37,159,060Net Assets 2019: -$1,056,0462019Assets 2020: $35,294,000Liabilities 2020: $37,586,000Net Assets 2020: -$2,292,0002020Assets 2021: $34,376,000Liabilities 2021: $37,759,000Net Assets 2021: -$3,383,0002021Assets 2022: $33,792,000Liabilities 2022: $27,830,000Net Assets 2022: $5,962,0002022Assets 2023: $33,681,000Liabilities 2023: $28,240,000Net Assets 2023: $5,441,0002023Assets 2024: $33,571,000Liabilities 2024: $28,657,000Net Assets 2024: $4,914,0002024

Highlighted filing

2020

Assets$35,294,000
Liabilities$37,586,000
Net Assets-$2,292,000

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $18,037Expenses 2015: $120,443Net Income 2015: -$102,4062015Revenue 2016: $825,200Expenses 2016: $34,522Net Income 2016: $790,6782016Revenue 2017: $241,010Expenses 2017: $920,442Net Income 2017: -$679,4322017Revenue 2018: $237,217Expenses 2018: $1,472,977Net Income 2018: -$1,235,7602018Revenue 2019: $237,175Expenses 2019: $1,478,376Net Income 2019: -$1,241,2012019Revenue 2020: $238,057Expenses 2020: $1,473,592Net Income 2020: -$1,235,5352020Revenue 2021: $388,422Expenses 2021: $1,480,058Net Income 2021: -$1,091,6362021Revenue 2022: $846,129Expenses 2022: $1,501,081Net Income 2022: -$654,9522022Revenue 2023: $846,099Expenses 2023: $1,367,115Net Income 2023: -$521,0162023Revenue 2024: $846,099Expenses 2024: $1,373,241Net Income 2024: -$527,1422024

Highlighted filing

2020

Revenue$238,057
Expenses$1,473,592
Net Income-$1,235,535
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 15, 2021
Return Version
2019v5.2
Gross Receipts
$238,057
Mission and Program Overview

Mission

Lgh administrative services, inc. Is a qualified active low income community business ("qalicb") that provides services to manage funds and other assets for and otherwise support the functions of and/or to carry out the purposes of lawrence general hospital which includes owning, acquiring and/or maintaining real estate.

Lgh administrative services, inc. Is a qualified active low income community business ("qalicb") that is constructing a new surgical building for future use by lawrence

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$35,825,267$34,870,000▼ $955,267
Cash and Non-Interest-Bearing Accounts$203,747$371,000▲ $167,253
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$36,103,014$35,294,000▼ $809,014
Other Assets Total$74,000$53,000▼ $21,000
Liabilities
Other Liabilities$27,150,346$27,575,000▲ $424,654
Tax Exempt Bond Liabilities$10,000,000$10,000,000→ $0
Accounts Payable and Accrued Expenses$8,714$11,000▲ $2,286
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$37,159,060$37,586,000▲ $426,940
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-1,056,046$-2,292,000▼ $1,235,954
Total Net Assets Fund Balance$-1,056,046$-2,292,000▼ $1,235,954
Total Liabilities and Net Assets / Fund Balance$36,103,014$35,294,000▼ $809,014

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$34,870,000$3,267,000$38,137,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert Gilbert ESQChairman (8/21 - On)
Jonathan IsaacsonChairman(Until 7/21)
Ellen Murphy MeehanPresident
Deborah J WilsonPresident & CEO (11/19 - On)
Dianne J AndersonPresident & CEO (Until 10/19)
Cynthia PhelanCorp. Asst. Secretary & VP
Felix MercadoCorp. Asst. Treas. (10/19-On)
Mark CocozzaSecretary/Clerk
Peter F QuinlinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$237,929
Investment Income
$128
Other Revenue
$0
Change in Net Assets
$-1,235,535

Audited Revenue Reconciliation

Revenue per Audited Statements
$238,057
Total Revenue per Audited Statements
$238,057
Total Revenue per Form 990
$238,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,473,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$933,433--$933,433
Interest$537,373--$537,373
Other Expenses$2,786--$2,786
Total Functional Expenses$1,473,592$0$0$1,473,592

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,473,592
Total Expenses per Audited Statements$1,473,592
Total Expenses per Form 990$1,473,592
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$25,908,000
Interest Payable$1,021,000
Due to Affiliate - Lgh Charita$622,000
Due to Affiliate - Lgh$24,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

Form 990 is prepared by the organization's controller and reviewed by the organization's cfo and senior vice president. Form 990 is also reviewed by the organization's external accountant. Once complete, the form and all schedules are made available to the board of trustees via a secure internet portal for review. The organization's vice president of finance and organization's cfo are available to facilitate the review as well as answer any questions regarding the form.

FORM 990, PART VI, SECTION B, LINE 12C:

On an annual basis. The parent company (lawrence general hospital) of lgh administrative services, inc. Distributes a conflict of interest policy to the board of trustees. The members are required to disclose in writing, any potential conflict that they are aware of.

FORM 990, PART VI, SECTION B, LINE 15:

The ceo's annual compensation is reviewed & approved by an executive compensation committee of the board of trustees. The compensation for the executive vp, cfo, and senior management are determined by the ceo and reviewed by the board of trustees. Independent surveys are also performed to determine salary reasonableness.

FORM 990, PART VI, SECTION C, LINE 18:

The organization makes all documents available to the general public upon request. The form 990 is also available on the website of the massachusetts' attorney general and through www.guidestar.org.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes all documents available to the general public upon request.

FORM 990, PART VII, BOARD OF DIRECTORS:

Subsequent to the end of fiscal year 2019 and after the filing of the 2018 tax returns, felix v. Mercado, cfo went into a new position, senior vice president of business/operations performance & chief compliance officer with the hospital on 10/1/2020. Michael s. Turilli was hired in april 2021 as the new senior vice president/cfo and will be signing this tax filing. Although he was not on the board of directors for the fiscal year in which this form 990 covers.

Filing and Contact Details

Filer

Filer Name
LGH Administrative Services Inc
EIN
32-0423203
In Care Of
% MICHAEL S TURILLI SVP/CFO
Phone
9786834000
Address
1 GENERAL STREET, LAWRENCE, MA 01841

Signing Officer

Name
Michael S Turilli
Title
Sr. Vice Pres/CFO
Phone
9789468550
Signed
2021-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael S Turilli
Formed
2013
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Bdo USA Llp
Address
ONE INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Brian Vigneault
Phone
6174220700
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line I

GENERAL HOSPITAL, INC.

FORM 990, PART X, LINE 20:

The tax-exempt bond liability on the balance sheet was incurred by LGH Administrative Services, Inc.'s related organization, LGH Charitable Trust, Inc. and is reflected in Schedule K of LGH Charitable Trust, Inc.'s tax return. LGH Administrative Services, Inc. and LGH Charitable Trust, Inc. are related in that the sole member of each organization is Lawrence General Hospital.

FORM 990, PART XI, LINE 9:

OTHER CHANGES ($419)

Financial Statement Notes

PART X, LINE 2:

The organization annually evaluates its tax status and tax positions taken with respect to its operations and financials position. Under asc 740, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The organization does not believe it has taken any material uncertain tax positions, and, accordingly, it has not recorded any liability for unrecognized tax benefits.

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IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0LGH ADMINISTRATIVE SERVICES, INC. IS A QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESS ("QALICB") THAT PROVIDES SERVICES TO MANAGE FUNDS AND OTHER ASSETS FOR AND OTHERWISE SUPPORT THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF LAWRENCE GENERAL HOSPITAL WHICH INCLUDES OWNING, ACQUIRING AND/OR MAINTAINING REAL ESTATE.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2292000
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IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt074000
IRS990/OtherAssetsTotalGrp/EOYAmt053000
IRS990/OtherChangesInNetAssetsAmt0-419
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt02786
IRS990/OtherExpensesGrp/TotalAmt02786
IRS990/OtherLiabilitiesGrp/BOYAmt027150346
IRS990/OtherLiabilitiesGrp/EOYAmt027575000
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MICHAEL S TURILLI
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IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1235535
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0222586814
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LGH CHARITABLE TRUST INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt034870000
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03267000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt038137000
IRS990ScheduleD/ExpensesSubtotalAmt01473592
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025908000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1622000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21021000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt324000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE - LGH CHARITA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO AFFILIATE - LGH
IRS990ScheduleD/RevenueSubtotalAmt0238057
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ANNUALLY EVALUATES ITS TAX STATUS AND TAX POSITIONS TAKEN WITH RESPECT TO ITS OPERATIONS AND FINANCIALS POSITION. UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01473592
IRS990ScheduleD/TotalLiabilityAmt027575000
IRS990ScheduleD/TotalRevenuePerForm990Amt0238057
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0238057
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt345745
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0570041
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1256501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2246355
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3395159
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10

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