LAKEVIEW MEDICAL CENTER INC OF RICE LAKE (EIN 390837206) - 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

1919

Legal Domicile

Principal Officer

BRIAN HOERNEMAN MD

Phone

7152341515

Tax Period

2023-01-01 to 2023-12-31

LAKEVIEW MEDICAL CENTER INC OF RICE LAKE, founded in 1919, is a major nonprofit in the Health Care sector that reported $152.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $147.6M left a modest 3% surplus.

Mission

WE ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,616

Program Service Revenue $152,615,794

Investment Income $-2,959

Other Revenue $0

TOTAL REVENUE $152,630,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,918,603

Fundraising Expenses $0

Program Expenses $116,719,978

Other Expenses $83,692,640

TOTAL EXPENSES $147,611,243

Year-over-Year Comparison

	2023	2022	Change
Revenue	$152,630,451	$139,119,786	+0.1%
Expenses	$147,611,243	$153,394,369	0.0%
Net Income	$5,019,208	$-14,274,583	-1.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

250

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

$1,305,234

Total Directors

$7,034,703

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BRADLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$13,000
RUWAN DISSANAYAKE MD	SECRETARY - PART YEAR	1.00	Officer Director	$0	$24,157	$395,013
MARK BUGHER	CHAIR - PART YEAR	1.00	Officer Director	$0	$0	$24,924
COLLEEN HOERNEMAN	CHAIR	1.00	Officer Director	$0	$0	$6,500
WILLIAM MELMS MD	BOARD MEMBER/MCHS CMO - PART YEAR	1.00	Director	$0	$21,091	$1,074,914
SAMANTHA KLEBE DO	BOARD MEMBER/MCHS CMO	1.00	Director	$0	$29,993	$545,008
SUSAN TURNEY MD	BOARD MEMBER/MCHS CEO - PART YEAR	1.00	Director	$0	$382,007	$3,507,040
BRIAN HOERNEMAN MD	BOARD MEMBER/INTERIM MCHS CEO	1.00	Director	$0	$40,127	$888,868
EDWARD FERNANDEZ MD	BOARD MEMBER	1.00	Director	$0	$43,230	$579,436
JOHN BALTUS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAVID HOLMES	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG MATHISON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET MINERICK	BOARD MEMBER - PART YEAR	1.00	Director	$0	$0	$0
CATHY BUKOWSKI	MCHS CFO - PART YEAR	1.00	Officer	$0	$23,393	$749,233
JEANETTE WOJTALEWICZ	INTERIM MCHS CFO	1.00	Officer	$0	$0	$116,564

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	$152,630,451	$147,611,243	$100,153,915	$5,019,208
2022	$139,119,786	$153,394,369	$104,854,905	$-14,274,583
2021	$162,384,298	$151,031,263	$74,199,891	$11,353,035
2020	$43,586,994	$36,644,676	$137,256,294	$6,942,318
2020	$149,348,693	$128,906,674	$142,587,331	$20,442,019
2019	$143,346,882	$129,446,680	$106,412,465	$13,900,202
2018	$91,869,150	$76,506,233	$96,586,658	$15,362,917

LAKEVIEW MEDICAL CENTER INC OF RICE LAKE