Lakeland Hospitals at Niles and St Joseph Inc

EIN: 382156872 501(c)(3) Health Care

Saint Joseph, MI

Total Revenue
$458,865,983
Total Expenses
$412,598,169
Total Assets
$895,680,287
Net Assets
$711,824,033
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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
1985
Legal Domicile
MI
Phone
2699838166
Tax Period
2018-10-01 to 2019-09-30

Lakeland Hospitals at Niles and St Joseph Inc, founded in 1985, is a major nonprofit in the Health Care sector that reported $458.9M in total revenue in fiscal year 2018. Expenses of $412.6M left a modest 10% surplus.

Mission

TO IMPROVE HEALTH, INSPIRE HOPE AND SAVE LIVES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $850,325
Program Service Revenue $440,134,581
Investment Income $17,578,972
Other Revenue $302,105
TOTAL REVENUE $458,865,983

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,019,904
Fundraising Expenses $0
Program Expenses $305,135,923
Other Expenses $219,578,265
TOTAL EXPENSES $412,598,169

Year-over-Year Comparison

2018 2017 Change
Revenue $458,865,983 $448,708,904 +0.0%
Expenses $412,598,169 $401,605,648 +0.0%
Net Income $46,267,814 $47,103,256 0.0%
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
17
Independent Members
11
Employees
3344
Volunteers
400

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
14
$6,452,074
Total Directors
17
$3,871,068
Key Employees
1
$206,160
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIRMAN 2.0
Officer Director
$0 $0 $0
N/A VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A PRESIDENT & CEO 20.0
Officer Director
$3,169,131 $25,007 $3,194,138
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$24,000 $0 $24,000
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR, PHYSICIAN 49.0
Director
$590,309 $21,449 $611,758
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR/MEDICAL STAFF PRESIDENT 49.0
Director
$41,172 $0 $41,172
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A VP - PATIENT CARE CNE 50.0
Officer
$281,672 $7,622 $289,294
N/A VP - FINANCE & CFO 15.0
Officer
$442,328 $24,142 $466,470
N/A VP - STRATEGY & HOSPITALITY 24.0
Officer
$287,024 $18,067 $305,091
N/A VP - POST ACUTE CARE SERVICES 23.0
Officer
$190,618 $22,871 $213,489
N/A VP - MEDICAL AFFAIRS 50.0
Officer
$392,740 $21,474 $414,214
N/A VP - CLINICAL INTEGRATION 50.0
Officer
$359,245 $23,239 $382,484
N/A VP - LEGAL & GENERAL COUNCIL 48.0
Officer
$275,160 $20,420 $295,580
N/A VP - IT & HR SERVICES 50.0
Officer
$322,424 $19,919 $342,343
N/A VP - OP DIAG & QUALITY 50.0
Officer
$227,808 $27,568 $255,376
N/A VP - LAKELAND PHYSICIAN PRACTICES 50.0
Officer
$273,676 $19,919 $293,595
N/A VP - PHILANTHROPY & FOUNDATION PRESIDENT 5.0
Key Emp
$188,369 $17,791 $206,160
N/A PHYSICIAN 50.0
Highest
$476,618 $7,849 $484,467
N/A PHYSICIAN 50.0
Highest
$308,282 $6,164 $314,446
N/A VP - INFORMATION SERVICES 50.0
Highest
$263,490 $17,006 $280,496
N/A CHIEF ACADEMIC OFFICER 50.0
Highest
$238,555 $6,219 $244,774
N/A PHYSICIAN 50.0
Highest
$195,561 $2,912 $198,473
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
2019 $458,865,983 $412,598,169 $895,680,287 $46,267,814
2018 $448,708,904 $401,605,648 $869,224,591 $47,103,256
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