Lakeland Specialty Hospital at Berrien Center

EIN: 383452303 501(c)(3) Health Care

Saint Joseph, MI

Total Revenue
$551,577
Total Expenses
$671,529
Total Assets
$566,817
Net Assets
$42,501
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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
1994
Legal Domicile
MI
Phone
2699838300
Tax Period
2018-10-01 to 2019-09-30

Lakeland Specialty Hospital at Berrien Center, founded in 1994, is a small nonprofit in the Health Care sector that reported $552K in total revenue in fiscal year 2018. Expenses of $672K exceeded revenue, resulting in a 22% operating deficit.

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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $551,577
TOTAL REVENUE $551,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164,752
Fundraising Expenses $0
Program Expenses $570,673
Other Expenses $506,777
TOTAL EXPENSES $671,529

Year-over-Year Comparison

2018 2017 Change
Revenue $551,577 $511,655 +0.1%
Expenses $671,529 $710,030 -0.1%
Net Income $-119,952 $-198,375 -0.4%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
4
$4,169,677
Total Directors
3
$975,539
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIRMAN 2.0
Officer Director
$0 $22,871 $213,489
N/A VP - FINANCE & CFO 1.0
Officer Director
$0 $24,142 $466,470
N/A SECRETARY 1.0
Officer Director
$0 $20,420 $295,580
N/A PRESIDENT & CEO 1.0
Officer
$0 $25,007 $3,194,138
N/A FORMER CHAIRMAN 0.0
$0 $27,568 $255,376
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 $551,577 $671,529 $566,817 $-119,952
2018 $511,655 $710,030 $648,452 $-198,375
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