LAKE REGION HEALTHCARE CORPORATION (EIN 410730602) - 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

1951

Legal Domicile

Principal Officer

KENT MATTSON

Phone

2187368000

Tax Period

2023-10-01 to 2024-09-30

LAKE REGION HEALTHCARE CORPORATION, founded in 1951, is a major nonprofit in the Health Care sector that reported $168.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

WE PARTNER TO ENRICH LIFE THROUGH HEALTH.

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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 $569,610

Program Service Revenue $155,341,843

Investment Income $6,559,279

Other Revenue $6,067,924

TOTAL REVENUE $168,538,656

Expense Breakdown

Grants Paid $103,829

Salaries & Benefits $61,302,860

Fundraising Expenses $0

Program Expenses $143,538,832

Other Expenses $107,729,921

TOTAL EXPENSES $169,136,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,538,656	$149,508,147	+0.1%
Expenses	$169,136,610	$161,649,037	+0.0%
Net Income	$-597,954	$-12,140,890	-1.0%

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

Governance

Voting Members

Independent Members

Employees

965

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

$1,832,460

Total Directors

Key Employees

$362,031

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ERICKSON	BOARD CHAIR	8.00	Officer Director	$0	$0	$0
CRYSTAL ADAMS	SECRETARY	6.00	Officer Director	$0	$0	$0
LAUREL NELSON	TREASURER	5.00	Officer Director	$0	$0	$0
CHAD MILLER	TRUSTEE	4.00	Director	$0	$0	$0
CHUCK MCFARLANE	TRUSTEE	4.00	Director	$0	$0	$0
DEB FERGUSON	TRUSTEE	4.00	Director	$0	$0	$0
ERIN SMITH	TRUSTEE	4.00	Director	$0	$0	$0
JEANNE ENNEN	TRUSTEE	4.00	Director	$0	$0	$0
JESS STEINBRENNER	TRUSTEE	4.00	Director	$0	$0	$0
JUSTIN ANDERSON	TRUSTEE	4.00	Director	$0	$0	$0
LARRY GOETZINGER	TRUSTEE	4.00	Director	$0	$0	$0
MATTHEW MOUSER MD	TRUSTEE	4.00	Director	$0	$0	$0
REBECCA BOESL	TRUSTEE	4.00	Director	$0	$0	$0
SCOTT BAUER	TRUSTEE	4.00	Director	$0	$0	$0
TINDY RUND	TRUSTEE	4.00	Director	$0	$0	$0
KENT MATTSON	CEO	39.00	Officer	$526,180	$58,305	$584,485
CAMIE PATTERSON	CFO	39.00	Officer	$512,768	$14,367	$527,135
ROBERTA YOUNG	CNO	40.00	Officer	$299,389	$20,940	$320,329
KATHY BURVILLE	VP OF AMBULATORY SERVICES	40.00	Officer	$192,208	$30,775	$222,983
DEB PELCH	VP OF AMBULATORY SERVICES/CARE CENTER	40.00	Officer	$166,110	$11,418	$177,528
CHRIS JOHNSON	CFO	40.00	Officer	$0	$0	$0
PATRICIA ROTH	CNO	40.00	Officer	$0	$0	$0
DANIELLE LESMEISTER	ADMINISTRATOR OF PATIENT CARE	0.00	Key Emp	$160,565	$24,967	$185,532
ANN HIEDEMAN	VP OF HUMAN RESOURCES	40.00	Key Emp	$152,873	$23,626	$176,499
CHELSEY JOHNSON	PLASTIC SURGEON	40.00	Highest	$1,211,082	$13,158	$1,224,240
FRITZ KARSNIA	CRNA	40.00	Highest	$303,045	$27,326	$330,371
JASON ZOSEL	CRNA	40.00	Highest	$300,412	$27,436	$327,848
TYLER SCOTT	CRNA	40.00	Highest	$299,235	$12,632	$311,867
ROBERT KARI	CRNA	40.00	Highest	$296,306	$25,938	$322,244

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	$168,538,656	$169,136,610	$158,258,533	$-597,954
2023	$149,508,147	$161,649,037	$155,566,956	$-12,140,890
2022	$147,953,860	$142,198,354	$165,940,026	$5,755,506
2021	$142,320,995	$138,994,598	$173,065,629	$3,326,397
2020	$144,329,456	$133,523,933	$168,669,550	$10,805,523
2019	$135,455,552	$135,576,305	$140,956,595	$-120,753
2018	$135,251,763	$133,771,592	$146,071,201	$1,480,171

LAKE REGION HEALTHCARE CORPORATION