LAKE SUPERIOR COMMUNITY HEALTH CEN… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

JAKE KUSCHKE

Phone

2187221497

Tax Period

2024-01-01 to 2024-12-31

LAKE SUPERIOR COMMUNITY HEALTH CENTER, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $15.0M in total revenue in fiscal year 2024.

Mission

TO IMPROVE ACCESS TO QUALITY HEALTH CARE FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $3,738,586 Revenue: $3,959,297

MEDICAL - LAKE SUPERIOR COMMUNITY HEALTH CENTER PROVIDES PRIMARY CLINICAL MEDICAL CARE FOR LOW INCOME UNINSURED, UNDERINSURED AND PUBLIC PROGRAM ENROLLED COMMUNITY MEMBERS. THIS CARE INCLUDES ACUTE CARE, MANAGEMENT OR CHRONIC DISEASE, PREVENTATIVE CARE, ASSISTED REFERRALS, CHIROPRACTIC SERVICES AND MENTAL HEALTH COUNSELING. IN 2024, THE CENTER SERVED 4,589 PATIENTS WITH 18,666 IN-PERSON VISITS AND 1,077 VIRTUAL VISITS.

Program 2

Expenses: $5,631,220 Revenue: $5,937,216

DENTAL - LAKE SUPERIOR COMMUNITY HEALTH CENTER PROVIDES PRIMARY DENTAL CARE FOR LOW INCOME UNINSURED, UNDERINSURED, AND PUBLIC PROGRAM ENROLLED COMMUNITY MEMBERS. THIS CARE INCLUDES OFFICE...

DENTAL - LAKE SUPERIOR COMMUNITY HEALTH CENTER PROVIDES PRIMARY DENTAL CARE FOR LOW INCOME UNINSURED, UNDERINSURED, AND PUBLIC PROGRAM ENROLLED COMMUNITY MEMBERS. THIS CARE INCLUDES OFFICE EXAMINATIONS, CLEANINGS, FLUORIDE TREATMENTS, X-RAYS, SEALANTS, RESTORATION, ROUTINE EXTRACTIONS, PARTIALS, DENTURES, ROOT CANALS, AND CROWNS. IN 2024, THE CENTER SERVED 6,947 PATIENTS WITH 15,250 VISITS.

Program 3

Expenses: $894,164 Revenue: $942,752

HEALTH CARE ACCESS OFFICE, INTEGRATED CARE COORDINATION, 340B PHARMACYPROGRAM

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,935,737

Program Service Revenue $11,721,129

Investment Income $324,318

Other Revenue $18,646

TOTAL REVENUE $14,999,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,475,279

Fundraising Expenses $5,700

Program Expenses $11,100,384

Other Expenses $5,140,097

TOTAL EXPENSES $14,615,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,999,830	$14,383,732	+0.0%
Expenses	$14,615,376	$14,874,323	0.0%
Net Income	$384,454	$-490,591	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

152

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$515,005

Total Directors

$525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB LYMAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JEDEDIAH JANSON	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
KYLE DICKINSON	BOARD TREASURER	2.00	Officer Director	$280	$0	$280
COURTNEY KOSTREBA	BOARD SECRETRARY	2.00	Officer Director	$0	$0	$0
KIM TERHAAR	BOARD MEMBER	2.00	Director	$0	$0	$0
SONYA ALSTONE	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE HOLLIDAY-WELSH	BOARD MEMBER	2.00	Director	$0	$0	$0
DYANI BRADDICK	BOARD MEMBER	2.00	Director	$245	$0	$245
CINDY CAPIN	BOARD MEMBER	2.00	Director	$0	$0	$0
HOLLY COMPO	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHLEY LUNA	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSIE CHRISTOPHERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY TARIO	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA HEMENWAY	BOARD MEMBER	2.00	Director	$0	$0	$0
LEE HOMAN	CEO	40.00	Officer	$124,937	$40,758	$165,695
CRYSTAL MEYER	CHRO	40.00	Officer	$106,395	$32,748	$139,143
LAURIE HALL	COO	40.00	Officer	$75,028	$22,726	$97,754
JAKE KUSCHKE	CFO	40.00	Officer	$88,723	$23,410	$112,133
EMILY ANDERSON	PHYSICIAN / MEDICAL DIRECTOR	40.00	Highest	$247,133	$55,216	$302,349
JACOB OESTREICH	PHYSICIAN	32.00	Highest	$182,223	$64,379	$246,602
RICHARD DEVORAK	DDS	40.00	Highest	$190,359	$13,615	$203,974
WENDY PETERSON	DDS	40.00	Highest	$178,910	$4,728	$183,638
YIN CAO	DDS/DENTAL DIRECTOR	40.00	Highest	$217,615	$34,471	$252,086

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$14,999,830	$14,615,376	$16,027,916	$384,454
2023	$14,383,732	$14,874,323	$16,297,777	$-490,591
2022	$14,325,246	$13,274,023	$17,499,366	$1,051,223
2021	$14,002,188	$12,628,703	$10,917,344	$1,373,485
2020	$11,519,932	$11,279,672	$9,714,863	$240,260
2019	$10,667,522	$10,066,527	$8,865,526	$600,995
2018	$9,035,024	$8,562,979	$7,898,293	$472,045

LAKE SUPERIOR COMMUNITY HEALTH CENTER