LAKEVIEW MEMORIAL HOSPITAL ASSOCIATION INC (EIN 410811697) - 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

1880

Legal Domicile

Principal Officer

ALITA R RISINGER

Phone

9528836584

Tax Period

2023-01-01 to 2023-12-31

LAKEVIEW MEMORIAL HOSPITAL ASSOCIATION INC, founded in 1880, is a major nonprofit in the Health Care sector that reported $186.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $173.8M left a modest 7% surplus.

Mission

TO MEET THE HEALTHCARE NEEDS OF INDIVIDUALS, FAMILIES & COMMUNITIES OF THE ST. CROIX VALLEY.

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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 $2,513,693

Program Service Revenue $182,803,212

Investment Income $1,294,327

Other Revenue $-74,455

TOTAL REVENUE $186,536,777

Expense Breakdown

Grants Paid $213,720

Salaries & Benefits $102,052,560

Fundraising Expenses $0

Program Expenses $156,749,217

Other Expenses $71,483,986

TOTAL EXPENSES $173,750,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,536,777	$167,380,081	+0.1%
Expenses	$173,750,266	$160,867,696	+0.1%
Net Income	$12,786,511	$6,512,385	+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

1319

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

$3,969,487

Total Directors

$5,605,039

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ANDERSON	DIRECTOR AND CHAIR	0.58	Officer Director	$0	$0	$0
ELIZABETH BRADSHAW	DIRECTOR	0.58	Director	$0	$0	$0
JASON HOWARD	DIRECTOR	0.58	Director	$0	$0	$0
SHARON TOLVA	DIRECTOR & TREASURER	0.58	Officer Director	$0	$0	$0
SUE HEDLUND	DIRECTOR	0.58	Director	$0	$0	$0
JOHN UPPGREN	DIRECTOR	0.58	Director	$0	$0	$0
BRETT C HAAKE MD	DIRECTOR	0.50	Director	$0	$113,054	$843,622
BRIAN L CRESS MD	DIRECTOR	0.50	Director	$0	$40,815	$388,558
MATTHEW A RICHIE	DIRECTOR & VP SMG	0.50	Officer Director	$0	$47,575	$450,666
BRANDI L LUNNEBORG	DIRECTOR & PRESIDENT	59.50	Officer Director	$0	$139,951	$811,412
MICHAEL FUNK	DIRECTOR	0.58	Director	$0	$0	$0
PAHOUA HOFFMAN	DIRECTOR	0.50	Director	$0	$105,197	$533,054
ANNIE JACOBSEN MD	DIRECTOR	0.50	Director	$0	$69,516	$639,157
ALITA R RISINGER	DIRECTOR	0.50	Director	$0	$112,052	$686,286
KHU THAO	DIRECTOR	0.58	Director	$0	$0	$0
KEVIN J BJORK MD	DIRECTOR (JAN-AUG)	0.50	Director	$0	$42,519	$317,129
PHAEDRA COFIELD	DIRECTOR (JAN-NOV)	0.58	Director	$0	$0	$0
PATRICK T COURNEYA MD	DIRECTOR (JAN-APR)	0.50	Director	$0	$76,938	$571,235
STEVEN C HOUSH	DIRECTOR (JAN-APR)	0.50	Director	$0	$45,951	$363,920
NICHOLAS MEYER MD	DIRECTOR (JAN-OCT)	0.58	Director	$0	$0	$0
BRENDA HALL	VP ANCILLARY SERVICES	40.00	Officer	$161,900	$20,454	$182,354
DOUGLAS E JOHNSON	CFO, LHS	51.00	Officer	$603,783	$44,121	$647,904
THOMAS S ANDERSON MD	VPMA	0.50	Officer	$0	$67,935	$547,674
NANCY L EVERT	SECRETARY & GEN. COUNSEL	0.50	Officer	$0	$238,674	$1,049,946
EMILIENNE ANDERSON	VP NURSING SERVICES & CNO	40.00	Officer	$253,764	$25,767	$279,531
CYNTHIA A APPLESETH	DIRECTOR OF PHARMACY	44.00	Highest	$225,074	$27,596	$252,670
JASON D TAUZELL	NURSE ANESTHETIST	40.00	Highest	$233,414	$47,725	$281,139
CATHY J MANLEY	NURSE ANESTHETIST	40.00	Highest	$226,778	$35,448	$262,226
MICHAEL D WEIS	MANAGER NURSE ANESTHETIST	45.00	Highest	$291,971	$50,664	$342,635
JUSTIN R CUSICK	NURSE ANESTHETIST	40.00	Highest	$277,688	$48,707	$326,395
ANDREW E DORWART MD	FORMER SMG PRESIDENT	0.00		$0	$61,384	$343,706
THEODORE WEGLEITNER	FORMER PRESIDENT	0.00		$0	$13,842	$283,494
NATHAN S PULSCHER	FORMER VP ANCILLARY SERVICES	0.00		$0	$66,188	$379,987

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	$186,536,777	$173,750,266	$132,668,016	$12,786,511
2022	$167,380,081	$160,867,696	$119,076,419	$6,512,385
2021	$164,702,873	$145,373,421	$128,319,414	$19,329,452
2020	$127,373,639	$120,826,528	$112,606,795	$6,547,111
2019	$138,581,328	$122,238,760	$96,162,119	$16,342,568
2018	$123,054,775	$114,152,074	$84,532,275	$8,902,701

LAKEVIEW MEMORIAL HOSPITAL ASSOCIATION INC