Civic Intelligence

Lancaster General Health Innovative Solutions Inc

EIN 46-0589543 • 501(c)3 • Lancaster, PA

Profile

To conceive and launch new and innovative healthcare services, care models, clinical pathways and products to accelerate healthcare transformation, promote and enhance quality and efficiency, and better meet the healthcare needs of the community; to deploy state-of-the art healthcare technology to transform healthcare delivery and better meet the needs of the community; to cultivate an environment of learning and creativity; and to serve as a catalyst for the development of innovation as a core competency, all in support of and in furtherance of the section 501(c)(3) purposes and mission of the lancaster general health system.

555 North Duke StreetLancaster, PA 17602

www.lghealth.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

42nd percentile

0.04x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

1st percentile

-1188%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

100th percentile

$3,793,690

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 4744.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

50th percentile

3.6%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Assets

Up

$4,856,634

Up $169,804 (+3.6%) from 2014

Liabilities

Up

$3,299

Up $3,299 from 2014

Net Assets

Up

$4,853,335

Up $166,505 (+3.6%) from 2014

Revenue

Up

$79,962

Up $208,080 (+162%) from 2014

Expenses

Up

$1,030,075

Up $88,800 (+9.4%) from 2014

Net Income

Up

-$950,113

Up $119,280 (+11%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2013: $1Liabilities 2013: $22,500Net Assets 2013: -$22,5002013Assets 2014: $4,686,830Liabilities 2014: $0Net Assets 2014: $4,686,8302014Assets 2015: $4,856,634Liabilities 2015: $3,299Net Assets 2015: $4,853,3352015

Highlighted filing

2015

Assets$4,856,634
Liabilities$3,299
Net Assets$4,853,335

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2013: $0Expenses 2013: $456,888Net Income 2013: -$456,8882013Revenue 2014: -$128,118Expenses 2014: $941,275Net Income 2014: -$1,069,3932014Revenue 2015: $79,962Expenses 2015: $1,030,075Net Income 2015: -$950,1132015

Highlighted filing

2015

Revenue$79,962
Expenses$1,030,075
Net Income-$950,113

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 14, 2016
Return Version
2014v6.0
Gross Receipts
$79,962
Mission and Program Overview

Mission

To conceive and launch new and innovative healthcare services, care models, clinical pathways and products to accelerate healthcare transformation, promote and enhance quality and efficiency, and better meet the healthcare needs of the community; to deploy state-of-the art healthcare technology to transform healthcare delivery and better meet the needs of the community; to cultivate an environment of learning and creativity; and to serve as a catalyst for the development of innovation as a core competency, all in support of and in furtherance of the Section 501(c)(3) purposes and mission of the Lancaster General Health system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,681,973$4,785,834▲ $103,861
Savings and Temporary Cash Investments$4,857$70,800▲ $65,943
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0--
Total Assets$4,686,830$4,856,634▲ $169,804
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$3,299▲ $3,299
Other Liabilities$0$0→ $0
Total Liabilities$0$3,299▲ $3,299
Net Assets / Fund Balance
Unrestricted Net Assets$4,686,830$4,853,335▲ $166,505
Total Net Assets Fund Balance$4,686,830$4,853,335▲ $166,505
Total Liabilities and Net Assets / Fund Balance$4,686,830$4,856,634▲ $169,804
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Chairperson
-Trustee/Chairperson
-President
-Trustee
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$79,962
Other Revenue
$0
Change in Net Assets
$-950,113

Audited Revenue Reconciliation

Revenue per Audited Statements
$79,962
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,116,618
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,196,580
Total Revenue per Form 990
$79,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$972,055
Salaries, Compensation, and Employee Benefits$58,020
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$308,533$170,661-$170,661
Fees for Services Other$81,623$0$0$81,623
Other Salaries and Wages$13,291$35,264-$48,555
Office Expenses-$11,214-$11,214
Travel$10,549--$10,549
Payroll Taxes$1,307$3,811-$5,118
Other Employee Benefits-$2,212-$2,212
Pension Plan Contributions$665$1,470-$2,135
Total Functional Expenses$415,968$614,107$0$1,030,075

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,030,075
Total Expenses per Audited Statements$1,030,075
Total Expenses per Form 990$1,030,075
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Due to Affiliates-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

The sole member of the Corporation shall be Lancaster General Health, a Pennsylvania non-profit corporation. The Sole Member may initiate and implement any proposal with respect to any of the following, and if any proposal with respect to any of the following is otherwise initiated, it shall not become effective unless approved by the Sole Member of the Corporation: The election or removal at any time and without cause of any trustee of the Corporation; Any alteration, amendment or repeal of or to the Articles of Incorporation or Bylaws of the Corporation; Approval of the Corporation's operating and capital budgets; Any unbudgeted borrowing, encumbrancing of assets, or any capital expenditures in excess of such amount as the Sole Member may designate from time to time, or any other action not in the ordinary course of the Corporation's activities; Approval of the Corporation's strategic plans; Approval of the sale, purchase, lease or encumbrance with debt in any way, of real property of the Corporation in excess of such amount as the Sole Member may designate from time to time; and Approval of any investment advisors, outside legal counsel and auditors for the Corporation.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Lancaster General Health elects the board of trustees of Lancaster General Health Innovation Solutions, Inc.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The sole member of the Corporation shall be Lancaster General Health, a Pennsylvania non-profit corporation. The Sole Member may initiate and implement any proposal with respect to any of the following, and if any proposal with respect to any of the following is otherwise initiated, it shall not become effective unless approved by the Sole Member of the Corporation: The election or removal at any time and without cause of any trustee of the Corporation; Any alteration, amendment or repeal of or to the Articles of Incorporation or Bylaws of the Corporation; Approval of the Corporation's operating and capital budgets; Any unbudgeted borrowing, encumbrancing of assets, or any capital expenditures in excess of such amount as the Sole Member may designate from time to time, or any other action not in the ordinary course of the Corporation's activities; Approval of the Corporation's strategic plans; Approval of the sale, purchase, lease or encumbrance with debt in any way, of real property of the Corporation in excess of such amount as the Sole Member may designate from time to time; and Approval of any investment advisors, outside legal counsel and auditors for the Corporation.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Vice President-Controller and the Director of Accounting reviewed the Form 990. The Form 990 will also be made available to the governing body during the board meeting to be held on 05/18/2015 and any questions will be addressed at that time.

Form 990, Part VI, Line 12C Conflict of interest policy

In order to ascertain and evaluate actual or potential conflicts, certain interested persons are required to fill out a conflict of interest disclosure statement upon entering employment or becoming a trustee of lancaster general hospital or an affiliate, and others are also required to fill out such a statement on an annual basis. In addition to this requirement, all officers and trustees, regardless of whether or not they have filled out or have been asked to fill out a conflict of interest disclosure statement, have an ongoing affirmative duty to bring to the attention of lancaster general hospital. Situations which may rise to an actual or potential conflict of interest as described in the policy.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Lancaster General Health's executive compensation process includes the following review and action by the Executive Committee of the Board of Trustees which is comprised of independent trustees. An evaluation of performance against goals is conducted at the close of a fiscal year to determine the level of organizational and individual performance of the CEO and senior executives so as to determine merit and incentive pay actions. Market data for base salary, total cash compensation and total compensation is provided by an independent third party to the Committee and reflects a market basket of similarly sized organizations with comparable executive positions. Upon review and discussion of the related data and information the Committee takes action which is recorded in the meeting minutes which are then filed for future reference.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Lancaster General Health's executive compensation process includes the following review and action by the Executive Committee of the Board of Trustees which is comprised of independent trustees. An evaluation of performance against goals is conducted at the close of a fiscal year to determine the level of organizational and individual performance of the CEO and senior executives so as to determine merit and incentive pay actions. Market data for base salary, total cash compensation and total compensation is provided by an independent third party to the Committee and reflects a market basket of similarly sized organizations with comparable executive positions. Upon review and discussion of the related data and information the Committee takes action which is recorded in the meeting minutes which are then filed for future reference.

Form 990, Part VI, Line 19 Required documents available to the public

Lancaster General Health Innovative Solutions, Inc does not make the governing documents or conflict of interest policy available to the public.

Filing and Contact Details

Filer

Filer Name
Lancaster General Health Innovative Solutions Inc
EIN
46-0589543
Phone
7175444926
Address
555 North Duke Street, Lancaster, PA 17602

Signing Officer

Name
Dennis R Roemer
Title
Evp & CFO
Signed
2016-04-14

Organization Details

Formed
2012
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
3
Employees
0
Volunteers
3
Supplemental Narrative

Additional Explanations

Average Hours

The hours noted in column (B) relate to the hours dedicated to the filing organization and/or to other organizations within the Lancaster General Health System. The hours disclosed relate to time served on a Board and/or for services provided resulting in compensation paid.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Related party transfers - 1092719;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Lancaster General Health Innovative Solutions, Inc. follows the accounting guidance for uncertainties in income tax positions under ASC 740 which requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in an corporate income tax return. Lancaster General Health Innovative Solutions, Inc. does not believe its financial statements include any uncertain tax positions.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Related party transfers - 1092719

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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Dennis R Roemer EVP & CFO
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LANCASTER GENERAL HOSPITAL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1LANCASTER GENERAL MEDICAL GROUP
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2LANCASTER GENERAL HEALTH-COLUMBIA CENTER
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3PENNSYLVANIA COLLEGE OF HEALTH SCIENCES
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4LANCASTER GENERAL HEALTH FOUNDATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5THE HEART GROUP OF LANCASTER GENERAL HEALTH
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt6LANCASTER GENERAL HEALTH
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Lancaster General Health Innovative Solutions, Inc. follows the accounting guidance for uncertainties in income tax positions under ASC 740 which requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in an corporate income tax return. Lancaster General Health Innovative Solutions, Inc. does not believe its financial statements include any uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RELATED PARTY TRANSFERS - 1092719
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt3139560
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0Thomas E Beeman PhD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1Marion A McGowan RN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt2F Joseph Byorick III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt3Robert P Macina Esq
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2281336
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