THE LAKES COMMUNITY HEALTH CENTER … - 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

2007

Legal Domicile

Principal Officer

ANA TOCHTERMAN

Phone

8888344551

Tax Period

2024-01-01 to 2024-12-31

THE LAKES COMMUNITY HEALTH CENTER INC, founded in 2007, is a mid-sized nonprofit that reported $67.9M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $58.6M left a modest 14% surplus.

Mission

TO RESPOND TO THE HEALTHCARE NEEDS OF OUR COMMUNITIES WITH AN INTEGRATED ARRAY OF QUALITY SERVICES AND ACTIVELY REMOVE BARRIERS TO WELLNESS. THE LAKES COMMUNITY HEALTH CENTER, INC. IS PROUD TO BE A COMMUNITY HEALTH CENTER (CHC) WORKING TO IMPROVE THE HEALTH OF OUR COMMUNITIES. AS A CHC, THE LAKES COMMUNITY HEALTH CENTER, INC. IS A NON-PROFIT ORGANIZATION GOVERNED BY A PATIENT MAJORITY BOARD OF DIRECTORS. THE LAKES COMMUNITY HEALTH CENTER, INC. PROVIDES CARE TO EVERYONE, INCLUDING THOSE WITH PRIVATE INSURANCE, THOSE WITH MEDICAID AND MEDICARE (GOVERNMENT INSURANCE), AND THOSE WITHOUT INSURANCE. IN ADDITION, THE LAKES COMMUNITY HEALTH CENTER, INC. PROVIDES COMPREHENSIVE, INTEGRATED, WHOLE PERSON CARE INCLUDING MEDICAL, DENTAL, BEHAVIORAL HEALTH, RECOVERY, CHIROPRACTIC, OPTOMETRY, OT/ST/PT THERAPIES, DIETETIC AND PRESCRIPTION SERVICES.

Program Service Accomplishments

Program 1

Expenses: $21,644,446 Revenue: $22,849,579

MEDICAL:THE ORGANIZATION PROVIDES MEDICAL CARE SERVICES INCLUDING PREVENTATIVE CARE, ACUTE CARE, AND CHRONIC DISEASE MANAGEMENT FOR THE WHOLE FAMILY. LAB AND X-RAY SERVICES ARE AVAILABLE AS WELL...

MEDICAL:THE ORGANIZATION PROVIDES MEDICAL CARE SERVICES INCLUDING PREVENTATIVE CARE, ACUTE CARE, AND CHRONIC DISEASE MANAGEMENT FOR THE WHOLE FAMILY. LAB AND X-RAY SERVICES ARE AVAILABLE AS WELL. INCLUDED WITHIN THE MEDICAL PROGRAM ARE OPTOMETRY, CHIROPRACTIC CARE, OSTEOPATHIC CARE, MEDICATION-ASSISTED TREATMENT, INTEGRATIVE & HOLISTIC CARE, PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY. THE ORGANIZATION OPERATES 21 CLINICS ACROSS NORTHERN WISCONSIN AND HAD OVER 190,000 PATIENT VISITS IN 2024.

Program 2

Expenses: $15,262,095 Revenue: $21,747,963

DENTAL:THE ORGANIZATION PROVIDES IN-HOUSE OR CONTRACT DENTAL SERVICES AT SOME CLINIC LOCATIONS. DENTAL CARE INCLUDES COMPREHENSIVE PREVENTATIVE, RESTORATIVE (FILLINGS, CROWNS, EXTRACTIONS), AND...

DENTAL:THE ORGANIZATION PROVIDES IN-HOUSE OR CONTRACT DENTAL SERVICES AT SOME CLINIC LOCATIONS. DENTAL CARE INCLUDES COMPREHENSIVE PREVENTATIVE, RESTORATIVE (FILLINGS, CROWNS, EXTRACTIONS), AND EMERGENCY SERVICES. WE ALSO HAVE AN EXTENSIVE SCHOOL-BASED (DENTAL EXAMS AND SEALANTS) PRACTICE.

Program 3

Expenses: $8,447,347 Revenue: $15,070,084

BEHAVIORAL HEALTH:THE ORGANIZATION PROVIDES BEHAVIORAL HEALTH COUNSELING SERVICES, INCLUDING CHILDREN, ADOLESCENTS, ADULTS, SENIORS, COUPLES, AND FAMILIES. THE TYPES OF SERVICES AVAILABLE ARE...

BEHAVIORAL HEALTH:THE ORGANIZATION PROVIDES BEHAVIORAL HEALTH COUNSELING SERVICES, INCLUDING CHILDREN, ADOLESCENTS, ADULTS, SENIORS, COUPLES, AND FAMILIES. THE TYPES OF SERVICES AVAILABLE ARE BEHAVIORAL HEALTH AND SUBSTANCE ABUSE (AODA - ALCOHOL, AND OTHER DRUG ABUSE). PATIENTS ARE SEEN IN-CLINIC, SCHOOL-BASED AND VIRTUALLY.

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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 $7,669,713

Program Service Revenue $59,618,279

Investment Income $419,820

Other Revenue $224,810

TOTAL REVENUE $67,932,622

Expense Breakdown

Grants Paid $4,739

Salaries & Benefits $44,412,509

Fundraising Expenses $0

Program Expenses $45,353,888

Other Expenses $14,219,908

TOTAL EXPENSES $58,637,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,932,622	$46,163,834	+0.5%
Expenses	$58,637,156	$46,712,435	+0.3%
Net Income	$9,295,466	$-548,601	-17.9%

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

538

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

$1,156,007

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY KLEBE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOANN FLEMING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL FLAHERTY	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL STAMP	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY JO BECKER	DIRECTOR	1.00	Director	$0	$0	$0
NIKOLAI ELIOT	DIRECTOR	1.00	Director	$0	$0	$0
KIM CUDDEBACK	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR GOODLAND	DIRECTOR	1.00	Director	$0	$0	$0
LISA KINGFISHER	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KROCHALK	DIRECTOR	1.00	Director	$0	$0	$0
JASON MARTELL	DIRECTOR	1.00	Director	$0	$0	$0
NANCY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JUDY POPELKA	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN SCHROCK	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA SKUJA	DIRECTOR	1.00	Director	$0	$0	$0
JASON AKL	CHIEF OPERATIONS OFFICER	40.00	Officer	$265,070	$24,058	$289,128
BRIAN AHLGREN	CHIEF FINANCIAL OFFICER	40.00	Officer	$257,748	$47,176	$304,924
REBECCA RICE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$257,721	$44,288	$302,009
ANA TOCHTERMAN	SENIOR DIRECTOR OF OPERATIONS	40.00	Officer	$247,268	$12,678	$259,946
NATHAN SCHOEPPACH	PHYSICIAN	40.00	Highest	$305,767	$41,991	$347,758
BRENT KELLEY	PHYSICIAN	40.00	Highest	$302,057	$46,267	$348,324
DEBORAH DRYER	PHYSICIAN	40.00	Highest	$320,615	$28,943	$349,558
MIKE LAWLER	DENTIST	40.00	Highest	$262,540	$50,901	$313,441
DODSON THOMPSON	PHYSICIAN	40.00	Highest	$281,467	$50,712	$332,179

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	$67,932,622	$58,637,156	$48,820,095	$9,295,466
2023	$46,163,834	$46,712,435	$38,118,408	$-548,601
2022	$42,426,500	$40,321,009	$37,730,094	$2,105,491
2021	$44,234,477	$39,469,883	$36,144,121	$4,764,594
2020	$36,044,272	$34,509,205	$31,603,165	$1,535,067
2019	$36,035,790	$35,558,542	$22,572,615	$477,248
2018	$24,977,427	$24,966,887	$19,240,519	$10,540

THE LAKES COMMUNITY HEALTH CENTER INC