Lake Regional Health System (EIN 237339737) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Phone

5733488000

Tax Period

2024-05-01 to 2025-04-30

Lake Regional Health System, founded in 1973, is a major nonprofit in the Health Care sector that reported $273.5M in total revenue in fiscal year 2024.

Mission

LAKE REGIONAL HEALTH SYSTEM PROVIDES AN EXTENSIVE VARIETY OF OUTPATIENT AND INPATIENT HEALTHCARE SERVICES AS WELL AS AN EMERGENCY DEPARTMENT TO RESIDENTS AND VISITORS.

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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 $2,859,721

Program Service Revenue $271,396,052

Investment Income $4,561,115

Other Revenue $-5,344,386

TOTAL REVENUE $273,472,502

Expense Breakdown

Grants Paid $61,244

Salaries & Benefits $129,268,498

Fundraising Expenses $0

Program Expenses $214,471,413

Other Expenses $142,556,884

TOTAL EXPENSES $271,886,626

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,472,502	$257,478,913	+0.1%
Expenses	$271,886,626	$252,884,441	+0.1%
Net Income	$1,585,876	$4,594,472	-0.7%

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

1894

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

$1,050,355

Total Directors

$2,328,693

Key Employees

$2,054,969

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN MEAD MD	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
CHARLES MCELYEA	ASSISTANT SECRETARY	1.0	Officer Director	$1,074	$0	$1,074
DENNIS MICHAELREE	SECRETARY	1.0	Officer Director	$0	$0	$0
JASON HULETT	PRESIDENT	1.0	Officer Director	$0	$0	$0
WAYNE COMPTON	TREASURER	1.0	Officer Director	$0	$0	$0
COREY TEN BENSEL	BOARD MEMBER	1.0	Director	$0	$0	$0
GREGORY ANDERSON	BOARD MEMBER	1.0	Director	$0	$0	$0
JAMES JUDAS JR	BOARD MEMBER	1.0	Director	$0	$0	$0
JEFFERY JONES	CHIEF OF STAFF END 07/24	1.0	Director	$0	$29,177	$533,657
JOHN CAINE	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHN PARRISH	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHN PATTON	BOARD MEMBER	1.0	Director	$0	$51,989	$783,636
KAREN FAIFERLICK	BOARD MEMBER	1.0	Director	$0	$0	$0
KEVIN BYRNE DO	BOARD MEMBER	1.0	Director	$0	$41,153	$1,010,326
LARRY SHIELDS	BOARD MEMBER	1.0	Director	$0	$0	$0
MARK RECTOR	BOARD MEMBER	1.0	Director	$0	$0	$0
W TODD COOPER	BOARD MEMBER	1.0	Director	$0	$0	$0
DENNIS LOCKARD	CFO END 07/24	40.0	Officer	$0	$0	$0
KEVIN MCROBERTS	CEO	40.0	Officer	$658,715	$145,511	$804,226
PAULA LITTLETON	CFO, BEG. 07/2024	40.0	Officer	$165,518	$79,537	$245,055
JAREN PIPPITT	CHIEF ADMINISTRATIVE OFFICER	40.0	Key Emp	$365,023	$85,901	$450,924
JENNIFER BETHUREM	VP OF PUBLIC AFFAIRS	40.0	Key Emp	$193,840	$61,738	$255,578
MELISSA HUNTER	COO	40.0	Key Emp	$403,793	$88,345	$492,138
PATRICK NEECE	CIO	40.0	Key Emp	$382,810	$76,389	$459,199
THOMAS WILLIAMS	VP OF HUMAN RESOURCES	40.0	Key Emp	$323,133	$73,997	$397,130
AMY THOMPSON	PHYSICIAN	40.0	Highest	$513,019	$33,298	$546,317
HARBAKSH SANGHA	PHYSICIAN	40.0	Highest	$823,889	$54,088	$877,977
JOSHUA BRICKNER	PHYSICIAN	40.0	Highest	$604,684	$49,653	$654,337
MICHELLE HELTON	PHYSICIAN	40.0	Highest	$505,640	$44,688	$550,328
SHAHID WAHEED	PHYSICIAN	40.0	Highest	$701,374	$14,672	$716,046
Henry Zeisel	Former CFO	0.0		$317,904	$0	$317,904

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
2025	$273,472,502	$271,886,626	$268,997,350	$1,585,876
2024	$257,478,913	$252,884,441	$255,217,055	$4,594,472
2023	$240,367,087	$235,972,558	$251,009,196	$4,394,529
2022	$228,035,202	$221,928,738	$261,905,281	$6,106,464
2021	$233,413,158	$204,939,968	$256,437,931	$28,473,190
2020	$176,325,229	$189,287,458	$242,984,688	$-12,962,229
2019	$185,030,393	$173,141,019	$233,344,162	$11,889,374
2018	$188,117,631	$186,290,922	$224,704,276	$1,826,709

Lake Regional Health System