The primary purpose of LCMC is to create, maintain, and grow health care services consistent with its operation of WEST jefferson medical center, university healthcare system, and the charitable mission of the LCMC affiliates. LCMC provides support and management services to the system entities so that the entities in turn CAN focus their efforts on carrying out their exempt purposes. To that END, the executive management of the system and their support staff and systems are centralized at LCMC. The revenue of LCMC is derived from providing patient services at WEST jefferson medical center, university healthcare system and from management FEES received from the system entities. Children's hospital and its subsidiaries, touro infirmary and its subsidiaries, university medical center management corporation (umcmc), university healthcare system l.c. (UHS) and WEST jefferson holdings, LLC and its subsidiaries are members of the system (LCMC). While children's, touro, and umcmc are TAX-exempt organizations, some of the affiliates and/or subsidiaries of WJMC, UHS, and touro are for-profit entities. ANY services provided to such entities will be at the express direction and for the benefit of WJMC, UHS and touro.
In care of Childrens Hospital
Donations are tax-deductible
Category
Other
Employees
17,964
Volunteers
197
Financial Snapshot
FY ending 2024-12-31
Revenue
$1.6B
Expenses
$1.7B
Assets
$4.3B
Liabilities
$2.6B
Financial history
$1.7B$853.4M$0
161718192021222324
RevenueExpenses
Latest FY2024: $1.6B · Avg: $804.1M
501(h) election
This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.