LAKEVIEW HEALTH

EIN: 300221189 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$4,397,078
Total Expenses
$59,968
Total Assets
$141,838,923
Net Assets
$141,837,843
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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
2003
Legal Domicile
MN
Principal Officer
ALITA R RISINGER
Phone
9528836584
Tax Period
2023-01-01 to 2023-12-31

LAKEVIEW HEALTH, founded in 2003, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 99% operating margin.

Mission

TO MEET THE HEALTHCARE NEEDS OF THE SERVICE AREA POPULATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4,397,078
Other Revenue $0
TOTAL REVENUE $4,397,078

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,968
Other Expenses $59,968
TOTAL EXPENSES $59,968

Year-over-Year Comparison

2023 2022 Change
Revenue $4,397,078 $2,543,305 +0.7%
Expenses $59,968 N/A N/A
Net Income $4,337,110 $2,543,305 +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

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Governance

Voting Members
13
Independent Members
8
Employees
N/A
Volunteers
8

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
9
$3,787,133
Total Directors
20
$5,605,039
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT C HAAKE MD DIRECTOR 0.50
Director
$0 $113,054 $843,622
MICHAEL FUNK DIRECTOR 0.58
Director
$0 $0 $0
ELIZABETH BRADSHAW DIRECTOR 0.58
Director
$0 $0 $0
JASON HOWARD DIRECTOR 0.58
Director
$0 $0 $0
JOHN UPPGREN DIRECTOR 0.58
Director
$0 $0 $0
BRIAN L CRESS MD DIRECTOR 0.50
Director
$0 $40,815 $388,558
KHU THAOR DIRECTOR 0.58
Director
$0 $0 $0
ALITA R RISINGER DIRECTOR 0.50
Director
$0 $112,052 $686,286
ANNIE JACOBSEN MD DIRECTOR 0.50
Director
$0 $69,516 $639,157
PAHOUA HOFFMAN DIRECTOR 0.50
Director
$0 $105,197 $533,054
BRANDI L LUNNEBORG DIRECTOR & PRESIDENT 0.50
Officer Director
$0 $139,951 $811,412
SHARON TOLVA DIRECTOR & TREASURER 0.58
Officer Director
$0 $0 $0
SUE HEDLUND DIRECTOR & VICE CHAIR 0.58
Officer Director
$0 $0 $0
MATTHEW A RICHIE DIRECTOR & VP SMG 0.50
Officer Director
$0 $47,575 $450,666
PATRICK T COURNEYA MD DIRECTOR (JAN-APR) 0.50
Director
$0 $76,938 $571,235
STEVEN C HOUSH DIRECTOR (JAN-APR) 0.50
Director
$0 $45,951 $363,920
KEVIN J BJORK MD DIRECTOR (JAN-AUG) 0.50
Director
$0 $42,519 $317,129
PHAEDRA COFIELD DIRECTOR (JAN-NOV) 0.58
Director
$0 $0 $0
NICHOLAS MEYER MD DIRECTOR (JAN-OCT) 0.58
Director
$0 $0 $0
MIKE ANDERSON DIRECTOR AND CHAIR 0.58
Officer Director
$0 $0 $0
DOUGLAS E JOHNSON CFO, LHS 4.00
Officer
$0 $44,121 $647,904
NANCY L EVERT SEC. & GENERAL COUNSEL 0.50
Officer
$0 $238,674 $1,049,946
EMILIENNE ANDERSON VP NURSING SERVICES & CNO 0.50
Officer
$0 $25,767 $279,531
THOMAS S ANDERSON MD VPMA 0.50
Officer
$0 $67,935 $547,674
THEODORE WEGLEITNER FORMER PRESIDENT 0.00
$0 $13,842 $283,494
ANDREW E DORWART MD FORMER SMG PRESIDENT 0.00
$0 $61,384 $343,706
NATHAN S PULSCHER FORMER VP ANCILLARY SERVICES 0.00
$0 $66,188 $379,987
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 No data No data No data No data
2023 $4,397,078 $59,968 $141,838,923 $4,337,110
2022 $2,543,305 No data $125,980,141 No data
2021 $8,675,066 No data $130,409,251 No data
2020 $4,621,464 No data $121,134,598 No data
2019 $14,529,891 $5,697 $109,346,230 $14,524,194
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