Official Seal, Everything Is Broken (2026)

Everything Is Broken

Report No. 1 · Nonprofit Hospital Executive Pay vs Charity Care · Annual Report, 2026 edition

Connecticut · Rhode Island · Not ranked: see note below.

Lawrence Memorial Hospital

Richard Lisitano, President/Trustee (Vested Deferred). Fiscal year ending 2025-09.

$1.3M
CEO total compensation
Form 990 Part VII, columns D+E+F
3.30%
of expenses spent on charity care
Schedule H Part I line 7a
5.8%
CEO pay as a share of all charity care

Not in the ranking because the chief executive could not be identified from the filing with confidence. The figures below are shown as filed.

§1The filing

Total revenue
$661,327,927
Total expenses
$658,023,023
Net assets
$306,694,958
Employees
3,952
Hospitals covered
2 facilities across 2 filings
Charity care, net
$21,704,941
Bad debt
$18,120,000
Medicare surplus (shortfall), as filed
($26,461,975)
CEO pay from the organization (Part VII col. D)
$741,142
From related organizations (col. E)
$185,285
Other compensation, including deferred pay and nontaxable benefits (col. F)
$332,998
CEO total compensation (D+E+F)
$1,259,425 to Richard Lisitano

Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.

Source: Form 990, Lawrence Memorial Hospital, EIN 06-0646704, fiscal year ending 2025-09, as published by the IRS. CEO identification: president title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$89.6M Of which charity care to patients who could not pay (line 7a)$21.7M (24%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($18.1M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

§3Filings in this system

Filing entityEINFY endRevenueCharity care% of expensesFiling
Lawrence Memorial Hospital Inc06-06467042025-09$533.9M$21.0M4.03%990
Lmw Healthcare Inc46-05432302025-09$127.4M$681,0400.50%990

Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.

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Lawrence Memorial Hospital: CEO pay $1.3M, charity care 3.30% of expenses