FERGUS FALLS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
WE PARTNER TO ENRICH LIFE THROUGH HEALTH.
LAKE REGION HEALTHCARE CORPORATION IS A NOT-FOR-PROFIT PROVIDER OF HEALTH CARE SERVICES OPERATING A 108-BED HOSPITAL COMPRISED OF A 94-BED ACUTE HOSPITAL, A 14-BED PSYCHIATRIC UNIT, AND MULTIPLE...
LAKE REGION HEALTHCARE CORPORATION IS A NOT-FOR-PROFIT PROVIDER OF HEALTH CARE SERVICES OPERATING A 108-BED HOSPITAL COMPRISED OF A 94-BED ACUTE HOSPITAL, A 14-BED PSYCHIATRIC UNIT, AND MULTIPLE CLINIC SITES. OUT PURPOSE IS TO MEET THE HEALTH CARE NEEDS OF THE PEOPLE IN WEST CENTRAL MINNESOTA. OUR VISION IS TO BE MINNESOTA'S PREEMINENT REGIONAL HEALTH CARE PARTNER. OUR CORE VALUES INCLUDE INTEGRITY, TEAMWORK, COMPASSION, AND EXCELLENCE. LAKE REGION HEALTHCARE CORPORATION IS A PROVIDER OF QUALITY HEALTH CARE SERVICES, AS NOTED BY OUR ACCREDITATION BY THE JOINT COMMISSION. SERVICES THAT LAKE REGION HEALTHCARE PROVIDES INCLUDE MEDICAL/SURGICAL, PEDS, OB GYN, ICCU, RADIOLOGY/INTERVENTIONAL RADIOLOGY, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, SPEECH THERAPY, RESPIRATORY CARE, SOCIAL WORK, SURGERY, ONCOLOGY, BIRTHING SUITES, CARDIAC REHAB/ECP, EMERGENCY SERVICES, COMMUNITY WELLNESS, AND LABORATORY.
LAKE REGION HEALTHCARE OFFERS CLINICAL SERVICES IN FOUR COMMUNITIES AND A WALK-IN CLINIC. SPECIALTIES OFFERED THROUGH CLINIC SERVICES INCLUDE CARDIOLOGY, OB GYN, PEDIATRICS, OPHTHALMOLOGY, FAMILY...
LAKE REGION HEALTHCARE OFFERS CLINICAL SERVICES IN FOUR COMMUNITIES AND A WALK-IN CLINIC. SPECIALTIES OFFERED THROUGH CLINIC SERVICES INCLUDE CARDIOLOGY, OB GYN, PEDIATRICS, OPHTHALMOLOGY, FAMILY MEDICINE, INTERNAL MEDICINE, UROLOGY, DERMATOLOGY, ENT, ALLERGY, AUDIOLOGY, PODIATRY, PULMONOLOGY, SPORTS MEDICINE, SURGERY, AND ORTHOPEDICS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare LAKE REGION HEALTHCARE CORPORATION with other nonprofits in Minnesota and across the country.