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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Lawrence Memorial Hospital Inc.

Lawrence Memorial Hospital Inc.

Fiscal year ending 2023. Filed on August 13, 2024.

365 Montauk Avenue
New London, Connecticut 06320

Lawrence Memorial Hospital Inc. (EIN: 06-0646704) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Lawrence Memorial Hospital Inc., a 501(c)(3) charitable organization, reported compensation for 16 out of 2,733 total employees. Among the employees shown here, the average compensation is $947,609. The highest compensated employee at Lawrence Memorial Hospital Inc. is William J Aseltyne with fiscal year 2023 compensation of $4,635,093.

Revenue, expenses, and employee compensation

Revenue

$471,777,121

Expenses

$464,752,849

Employee compensation

$212,520,374
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William J Aseltyne
Trustee (Vested Deferred)
$4,635,093
$0 $4,635,093 No other comp
William J Aseltyne
Trustee (Current YR Comp)
$1,567,053
$0 $1,367,048 $200,005
Patrick L Green
President and Trustee
$1,457,378
$542,625 $542,625 $372,128
Oliver Mayorga
Vice President and Chief Medical Officer
$899,952
$551,814 $236,492 $111,646
Richard Lisitano
President and Trustee
$848,449
$377,771 $251,847 $218,831
Stephen Allegretto
Former Officer
$768,730
$0 $768,730 No other comp
Denise Fiore
Former Officer
$616,317
$0 $593,810 $22,507
Craig Mittleman
ED Medical Director
$588,660
$552,873 No related comp$35,787
Benjamin Armstrong
Emergency Department Physician
$549,440
$513,487 No related comp$35,953
Michael Joseph
Emergency Department Physician
$527,706
$491,753 No related comp$35,953
Kerin Dacruz
Vice President and Chief Nursing Officer
$516,880
$481,538 No related comp$35,342
Joshua Morris
Treasurer/Secretary/Vp
$497,832
$231,927 $231,927 $33,978

Benchmark Employee Compensation

Non-Employee Board Members

Niall Duhig
Trustee
$33,070
$0 $33,070 No other comp
Daniel Gaccione
Trustee
$14,175
$0 $14,175 No other comp
James Mitchell
Chair and Trustee
No compensation reported
John Holstein
Trustee
No compensation reported
Shanna Reels
Trustee
No compensation reported
Victoria Reyes
Trustee
No compensation reported
Nicholas Fortson
Trustee
No compensation reported
Kathleen Holt
Vice Chair and Trustee
No compensation reported
Todd Blue
Trustee
No compensation reported
James Maynard
Trustee
No compensation reported
Rev Catherine Zall
Trustee
No compensation reported
Marie Peakman
Trustee
No compensation reported

Contractors

Ipc Hospitalists
Hospitalists
$7,923,920
Anesthesia Associates of New London
Medical
$2,753,053
Vizient
Healthcare Improvement
$1,785,259
Unitex Textile Rental Service
Linens/Laundering
$1,403,309
Colonel Landscaping LLC
Landscaping
$937,843

Mission Statement

TO IMPROVE THE HEALTH OF THE REGION AND TO PROVIDE HEALTHCARE SERVICES.

Revisions to this organization profile

August 13, 2025:
2024 Lawrence Memorial Hospital Inc. 990 filed
August 13, 2024:
2023 Lawrence Memorial Hospital Inc. 990 filed
October 18, 2023:
Amended (originally filed August 11, 2023)2022 Lawrence Memorial Hospital Inc. 990 filed

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