Civic Intelligence

Lakeland Community Hospital Inc

EIN 47-2367677 • 501(c)3 • Haleyville, AL

Profile

Lakeland community hospital, inc seeks to improve the delivery of healthcare services in rural America by giving local healthcare organizations an alternative to for-profit hospital companies or tertiary health systems that view rural hospitals as referral sources.

PO Box 576Haleyville, AL 35565

www.lakelandcommunityhospital.com

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.44x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.24x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

18th percentile

-9.7%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$352,527

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

17th percentile

-5.4%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-9.4%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$9,770,178

Down $554,731 (-5.4%) from 2023

Liabilities

Up

$4,293,534

Up $1,195,367 (+39%) from 2023

Net Assets

Down

$5,476,644

Down $1,750,098 (-24%) from 2023

Revenue

Down

$18,026,996

Down $1,860,125 (-9.4%) from 2023

Expenses

Down

$19,777,094

Down $2,302,535 (-10%) from 2023

Net Income

Up

-$1,750,098

Up $442,410 (+20%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2015: $6,686,400Liabilities 2015: $2,877,578Net Assets 2015: $3,808,8222015Assets 2016: $4,519,084Liabilities 2016: $6,196,965Net Assets 2016: -$1,677,8812016Assets 2017: $4,855,105Liabilities 2017: $12,177,885Net Assets 2017: -$7,322,7802017Assets 2018: $4,790,221Liabilities 2018: $4,405,958Net Assets 2018: $384,2632018Assets 2019: $5,544,174Liabilities 2019: $3,408,339Net Assets 2019: $2,135,8352019Assets 2020: $9,749,900Liabilities 2020: $3,026,123Net Assets 2020: $6,723,7772020Assets 2021: $14,477,137Liabilities 2021: $6,818,840Net Assets 2021: $7,658,2972021Assets 2022: $12,009,938Liabilities 2022: $2,590,688Net Assets 2022: $9,419,2502022Assets 2023: $10,324,909Liabilities 2023: $3,098,167Net Assets 2023: $7,226,7422023Assets 2024: $9,770,178Liabilities 2024: $4,293,534Net Assets 2024: $5,476,6442024

Highlighted filing

2024

Assets$9,770,178
Liabilities$4,293,534
Net Assets$5,476,644

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2015: $19,873,901Expenses 2015: $16,065,079Net Income 2015: $3,808,8222015Revenue 2016: $14,654,462Expenses 2016: $16,087,173Net Income 2016: -$1,432,7112016Revenue 2017: $15,602,813Expenses 2017: $16,584,689Net Income 2017: -$981,8762017Revenue 2018: $16,001,151Expenses 2018: $15,384,073Net Income 2018: $617,0782018Revenue 2019: $19,056,298Expenses 2019: $17,346,177Net Income 2019: $1,710,1212019Revenue 2020: $30,480,029Expenses 2020: $21,974,040Net Income 2020: $8,505,9892020Revenue 2021: $21,083,518Expenses 2021: $23,240,393Net Income 2021: -$2,156,8752021Revenue 2022: $25,741,220Expenses 2022: $24,290,487Net Income 2022: $1,450,7332022Revenue 2023: $19,887,121Expenses 2023: $22,079,629Net Income 2023: -$2,192,5082023Revenue 2024: $18,026,996Expenses 2024: $19,777,094Net Income 2024: -$1,750,0982024

Highlighted filing

2024

Revenue$18,026,996
Expenses$19,777,094
Net Income-$1,750,098

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.1
Gross Receipts
$18,026,996
Mission and Program Overview

Mission

Lakeland comnumity hospital, inc. Seeks to improve the delivery of healthcare services in rural america by giving local healthcare organizations an alternative to for-profit hospital companies or tertiary health systems that view rural hospitals as referral sources and which are aggressively divesting or even closing distressed rural hospitals. Lakeland community hospital has created a nonprofit healthcare system that focuses on stabilizing rural hospitals by providing them with rural healthcare management expertise and more efficient low cost services that are traditionally only available through larger healthcare systems.

Lakeland Community Hospital, Inc. seeks to improve the delivery of healthcare services in rural America by giving local healthcare organizations an alternative to for-profit hospital companies or tertiary health systems that view rural hospitals as referral sources and which are aggressively divesting or even closing distressed rural hospitals. Lakeland Community Hospital, Inc. has created a nonprofit healthcare system that focuses on stabilizing rural hospitals by providing them with rural healthcare management expertise and more efficient, low cost services that are traditionally only available through larger healthcare systems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,274,978$7,042,858▼ $232,120
Accounts Receivable$2,075,440$1,688,519▼ $386,921
Cash and Non-Interest-Bearing Accounts$386,493$325,349▼ $61,144
Inventories for Sale or Use$191,353$242,306▲ $50,953
Prepaid Expenses and Deferred Charges$146,180$220,681▲ $74,501
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$10,324,909$9,770,178▼ $554,731
Other Assets Total$250,465$250,465→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,496,298$2,530,117▲ $33,819
Other Liabilities$401,869$1,763,417▲ $1,361,548
Deferred Revenue$200,000$0▼ $200,000
Unsecured Notes Loans Payable$0--
Total Liabilities$3,098,167$4,293,534▲ $1,195,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,226,742$5,476,644▼ $1,750,098
Total Net Assets Fund Balance$7,226,742$5,476,644▼ $1,750,098
Total Liabilities and Net Assets / Fund Balance$10,324,909$9,770,178▼ $554,731

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,177,861$1,298,439$6,476,300
Equipment$1,290,280$2,511,178$3,801,458
Leasehold Improvements$302,917$77,758$380,675
Land$271,800-$271,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry JohnstonEmployed PhysicianFT$330,022$22,505$352,527
Emily GoarEmployed PhysicianFT$275,018$53,210$328,228
Boyde Harrisonboard member/physicianFT$160,509$50,226$210,735
Jennifer YoungCEOFT$175,012$13,060$188,072
Angela EgresEmployed NurseFT$138,380-$138,380
Jada HagaPrior CFOFT$114,896$8,905$123,801
Matthew SartinPharmacy DirectorFT$120,250-$120,250
Carrie BoshellEmployed NurseFT$106,734-$106,734
Brian CravenCFOFT$44,307-$44,307

Board Members and Trustees

NameTitle
Roger HayesChairman of Board
Cherie SibleyBoard Member
Ramesh ReddyBoard Member
Seth SmothersBoard Member
Shannon LollarBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Sycamore Physician ContractingEr Physician ServicesPO BOX 283, Florence, AL 35631$854,371
Tennessee Valley Medical Solutions LLCMedical Billing701 HWY 31 S STE E, Hartselle, AL 35640$200,981
Manly J Sullivan MdEr Physician Services13916 CHARLOTTESVILLE CIRCLE, Northport, AL 35473$147,310
Revenue and Support

Revenue Composition

Contributions and Grants
$19,106
Program Service Revenue
$16,141,520
Investment Income
$1,830
Other Revenue
$1,864,540
All Other Contributions
$19,106
Change in Net Assets
$-1,750,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,418,873
Other Expenses$9,358,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,952,491$2,026,212-$8,978,703
Fees for Services Other$2,627,663$2,023,178$0$4,650,841
Occupancy$876,823$292,274-$1,169,097
Payroll Taxes$473,864$157,955-$631,819
Current Officers, Directors, Trustees, and Key Employees$276,764$277,820-$554,584
Insurance$483,364--$483,364
Depreciation Depletion$299,563$99,854-$399,417
Office Expenses$282,410$94,137-$376,547
Other Employee Benefits$190,325$63,442-$253,767
Interest$142,410--$142,410
Fees for Services Accounting-$89,207-$89,207
Fees for Services Legal-$35,909-$35,909
Other Expenses$5,316--$5,316
Total Functional Expenses$14,617,106$5,159,988$0$19,777,094
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
Yes
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
Federal Income Taxes$1,521,898
Other Liabilities$241,519
Lease Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3 Delegation of management duties

Lakeland Community Hospital, Inc. engages a management company to provide a full range of day-to-day operational and administrative senior level management services, including the appointment of management personnel at each of the hospitals and other healthcare facilities and businesses of Lakeland Community Hospital, Inc.

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

A copy of the form 990 is provided to the chairman of the board for review prior to filing.

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

The conflict of interest policy is discussed in person with each potential board member. When management becomes aware of a potential conflict of interest, it is discussed in depth with upper management and the board.

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

The board voted on all compensation as part of their annual budget process, which includes a review of all potential raises and comparison of comparable compensation data.

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

The board voted on all compensation as part of their annual budget process, which includes a review of all potential raises and comparison of comparable compensation data.

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

As a general rule, the organization does not make its financial statements or governing documents available to the public. Any request by the general public would be reviewed and acted upon by the board.

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

Other Revenue - Total Revenue: 37175, Related or Exempt Function Revenue: 37175, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Lakeland Community Hospital Inc
EIN
47-2367677
Phone
2054865296
Address
PO Box 576, Haleyville, AL 35565

Signing Officer

Name
Cherie Sibley
Title
CEO
Phone
2054865296
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Al
Voting Board Members
6
Independent Board Members
5
Employees
216
Volunteers
6

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

Medical Specialist Fees - Total Expense: 2023178, Program Service Expense: , Management and General Expenses: 2023178, Fundraising Expenses: ; Other Purchased Services - Total Expense: 2627663, Program Service Expense: 2627663, Management and General Expenses: , Fundraising Expenses: ;

Form 990, Part IV, 20B

The audit of the financial statements of the current tax year have not been completed as of the filing date of the tax return due to a change in audit firms. the attached financial statements is the most recently issued statements.

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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE HOSPITAL IS A MEMBER OF THE Alabama HOSPITAL Association (AHA) and a portion of the expense paid is attributable to lobbying expenditures.
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