New Vision Medical Laboratories Inc
THE PRIMARY EXEMPT PURPOSE OF NEW VISION MEDICAL LABORATORIES, INC. IS TO PROVIDE LABORATORY SERVICES TO ITS EXEMPT MEMBER PATRON HOSPITALS.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$0
Total Expenses
$0
Net Assets
$5K
Employees
0
This nonprofit profile presents IRS Form 990 tax filing data for New Vision Medical Laboratories Inc (EIN: 34-1937267), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
New Vision Medical Laboratories Inc is a 501(c)(3) nonprofit headquartered in Lima, OH, founded in 2000. It is classified under NTEE code E60 (Health Support Services), within the Healthcare category. The organization has held tax-exempt status since 2001. In its 2024 filing, the organization reported $0 in total revenue, a 100.0% decrease from the prior year, and $0 in total expenses. RONDA LEHMAN, President - Mercy Health Lima, is the highest-compensated individual at $1,266,943. 3 of 6 recommended governance policies are in place.
New Vision Medical Laboratories Inc is classified under NTEE code E60 (Health Support Services), which falls within the Healthcare category. Its foundation type is 17.
Programs(Tax Year 2024)
1 record
New Vision Medical Laboratories Inc operates 1 program.
THE PRIMARY EXEMPT PURPOSE OF NEW VISION MEDICAL LABORATORIES, INC. IS TO PROVIDE LABORATORY SERVICES TO ITS EXEMPT MEMBER PATRON HOSPITALS.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, New Vision Medical Laboratories Inc's revenue has declined from $15.0M to $0, a 100.0% decrease.
Revenue decreased 100.0% year-over-year, while expenses declined 100.0%. net assets fell to $5K, down 99.3% from the prior year. the organization reduced headcount by 166 employees.
Over 6 filings from 2019–2024, New Vision Medical Laboratories Inc declined revenue from $15.0M to $0 (-100.0%). During this period, the organization reduced from 269 to 0 employees.
New Vision Medical Laboratories Inc holds $6K in total assets against $785 in liabilities (debt-to-asset ratio of 13%).
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $0 | $0 | $0 | $0 | $0 |
| 2023 | $17.5M | $0 | $0 | $17.4M | $50K |
| 2022 | $18.2M | $199K | $199K | $18.0M | $6K |
| 2021 | $17.1M | $0 | $0 | $17.1M | $0 |
| 2020 | $16.9M | $0 | $0 | $16.9M | $0 |
| 2019 | $15.0M | $0 | $0 | $15.0M | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $0 | $0 | $0 | $0 | $0 |
| 2023 | $17.5M | $17.5M | $0 | $0 | $0 |
| 2022 | $18.2M | $18.2M | $0 | $0 | $0 |
| 2021 | $17.1M | $17.1M | $0 | $0 | $0 |
| 2020 | $16.9M | $16.9M | $0 | $0 | $0 |
| 2019 | $15.0M | $15.0M | $0 | $0 | $0 |
People & Compensation(Tax Year 2024)
4 records
New Vision Medical Laboratories Inc reported compensation for 4 officers and key employees. Total officer compensation was $1.8M. 1 individual received total compensation exceeding $500,000.
New Vision Medical Laboratories Inc's highest-compensated individual received $1.3M in total compensation. 1 individual received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| RONDA LEHMAN | President - Mercy Health Lima | OfficerDirector | 1.00 | $0 | $1,035,724 | $1,266,943 |
| TIMOTHY RIEGER | CFO - Mercy Health Lima | OfficerDirector | 1.00 | $0 | $290,969 | $236,838 |
| Nikki Hutchison | CFO - Mercy Health Lima | OfficerDirector | 1.00 | $0 | $137,467 | $181,079 |
| Daniel Myers | Executive Director | Officer | 1.00 | $0 | $123,052 | $153,002 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
TIMOTHY RIEGER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Nikki Hutchison
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
RONDA LEHMAN
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Daniel Myers
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
New Vision Medical Laboratories Inc has 3 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 2 members, 0 of whom are independent.
New Vision Medical Laboratories Inc's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 2001–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $0 | $0 | $5K |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $17.5M | $17.5M | $705K |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $18.2M | $18.2M | $705K |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $17.1M | $17.1M | $884K |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $16.9M | $16.9M | $884K |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $15.0M | $15.0M | $20K |
| 2001–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does New Vision Medical Laboratories Inc do?
THE PRIMARY EXEMPT PURPOSE OF NEW VISION MEDICAL LABORATORIES, INC. IS TO PROVIDE LABORATORY SERVICES TO ITS EXEMPT MEMBER PATRON HOSPITALS.
How much revenue does New Vision Medical Laboratories Inc have?
New Vision Medical Laboratories Inc reported $0 in total revenue for tax year 2024, down 100.0% from the prior year.
Who is the highest-paid executive at New Vision Medical Laboratories Inc?
RONDA LEHMAN, President - Mercy Health Lima, received $1,266,943 in total compensation as of tax year 2024.
Is New Vision Medical Laboratories Inc a 501(c)(3)?
Yes, New Vision Medical Laboratories Inc is classified as a 501(c)(3) tax-exempt organization.
Where is New Vision Medical Laboratories Inc located?
New Vision Medical Laboratories Inc is headquartered in Lima, OH 45801.
What type of nonprofit is New Vision Medical Laboratories Inc?
New Vision Medical Laboratories Inc is classified under NTEE code E60 (Health Support Services), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is New Vision Medical Laboratories Inc audited?
Yes, New Vision Medical Laboratories Inc's financial statements are audited, and the organization has an audit committee.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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