LAKEWOOD HEALTH CENTER

EIN: 410758434 501(c)(3) Health Care

BAUDETTE, MN

Total Revenue
$16,097,214
Total Expenses
$19,379,929
Total Assets
$11,176,956
Net Assets
$8,969,337
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
MN
Principal Officer
JEFFRY STAMPOHAR
Phone
2186342120
Tax Period
2022-07-01 to 2023-06-30

LAKEWOOD HEALTH CENTER, founded in 1959, is a mid-sized nonprofit in the Health Care sector that reported $16.1M in total revenue in fiscal year 2022. Expenses of $19.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

LAKEWOOD HEALTH CENTER IS A SMALL FACILITY LOCATED IN A RURAL AND ISOLATED SETTING, THE CONTINUUM OF CARE INCLUDES PHYSICIAN CLINIC, ACUTE CARE, RESIDENTIAL CARE, AND LONG TERM 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,373,258
Program Service Revenue $14,332,447
Investment Income $112,141
Other Revenue $279,368
TOTAL REVENUE $16,097,214

Expense Breakdown

Grants Paid $51,302
Salaries & Benefits $10,076,645
Fundraising Expenses $141,212
Program Expenses $17,685,649
Other Expenses $9,251,982
TOTAL EXPENSES $19,379,929

Year-over-Year Comparison

2022 2021 Change
Revenue $16,097,214 $15,666,121 +0.0%
Expenses $19,379,929 $18,890,781 +0.0%
Net Income $-3,282,715 $-3,224,660 +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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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
2
Employees
185
Volunteers
18

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
6
$842,607
Total Directors
6
$1,373,501
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN KOPPELMAN FORMER PRESIDENT 0.00
$0 $51,429 $405,832
JULIE GOEBEL DIVISION SVP COO/PARTIAL YEAR DIRECTOR 1.00
Director
$0 $21,111 $386,593
DR JUSTIN QUO PHYSICIAN/BOARD MEMBER 50.00
Director
$325,774 $55,511 $381,285
DAVID JONES DIRECTOR/MARKET PRESIDENT REG HOSPITALS 1.00
Director
$0 $30,939 $338,527
NICK O'TOOL DIV VP FINANCE 1.00
Officer
$0 $47,032 $304,710
JEFFRY STAMPOHAR PRESIDENT 50.00
Officer Director
$216,953 $50,143 $267,096
KRISTIN COAUETTE CARE MANAGER RN 40.00
Highest
$199,839 $29,729 $232,572
CLYDE STEPHENS PHYS ASST FAMILY MEDICINE 40.00
Highest
$190,273 $13,437 $203,710
JAY ROSS CFO / TREASURER 1.00
Officer
$0 $39,394 $203,453
ROBIN CONAWAY COORDINATOR RN NON-UNION 40.00
Highest
$145,544 $25,740 $171,284
BRENT NOBLE SUPERVISOR-PHARMACY 40.00
Highest
$133,822 $20,669 $154,491
FAHD ARAFAT PHYSICIAN EMERGENCY MEDICINE 40.00
Highest
$145,893 $0 $145,893
KRISTI BOWMAN SECRETARY 40.00
Officer
$46,090 $21,258 $67,348
BRAD NYLANDER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
SISTER BERNICE EBNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $16,097,214 $19,379,929 $11,176,956 $-3,282,715
2022 $15,666,121 $18,890,781 $16,442,011 $-3,224,660
2021 $14,811,324 $16,805,331 $20,974,664 $-1,994,007
2020 $14,544,176 $16,676,719 $20,759,689 $-2,132,543
2019 $14,577,635 $16,796,086 $18,114,531 $-2,218,451
2018 $15,089,921 $15,736,583 $20,589,863 $-646,662
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