LAKEVIEW HEALTH FOUNDATION

EIN: 411386635 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$1,425,739
Total Expenses
$2,073,571
Total Assets
$10,040,976
Net Assets
$8,326,979
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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
1977
Legal Domicile
MN
Principal Officer
ALITA R RISINGER
Phone
9528836584
Tax Period
2023-01-01 to 2023-12-31

LAKEVIEW HEALTH FOUNDATION, founded in 1977, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 45% operating deficit.

Mission

TO MEET THE HEALTHCARE NEEDS OF INDIVIDUALS, FAMILIES AND 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,136,661
Program Service Revenue $0
Investment Income $306,124
Other Revenue $-17,046
TOTAL REVENUE $1,425,739

Expense Breakdown

Grants Paid $2,059,008
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,059,008
Other Expenses $14,563
TOTAL EXPENSES $2,073,571

Year-over-Year Comparison

2023 2022 Change
Revenue $1,425,739 $2,141,240 -0.3%
Expenses $2,073,571 $1,201,364 +0.7%
Net Income $-647,832 $939,876 -1.7%
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

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Governance

Voting Members
12
Independent Members
9
Employees
N/A
Volunteers
43

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
$2,759,272
Total Directors
12
$1,460,675
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SWISHER DIRECTOR 0.08
Director
$0 $0 $0
CHRISTINE CLARK DIRECTOR 0.23
Director
$0 $0 $0
DAVID REED DIRECTOR 0.46
Director
$0 $0 $0
CHRIS JESMER DIRECTOR & CHAIR 0.73
Officer Director
$0 $0 $0
MELISSA SCHOENHERR DIRECTOR 0.50
Director
$0 $111,422 $575,469
ARETTA RICE DIRECTOR 1.15
Director
$0 $0 $0
SUE SPERBER DIRECTOR 0.67
Director
$0 $0 $0
LOWELL JOHNSON DIRECTOR 0.61
Director
$0 $0 $0
ROBERTA SEUM DIRECTOR 0.46
Director
$0 $0 $0
MARIA DENGLER DIRECTOR 0.57
Director
$0 $0 $0
ABIGAIL M HELLER MD DIRECTOR 0.50
Director
$0 $69,047 $605,675
EMILIENNE ANDERSON DIRECTOR 0.50
Director
$0 $25,767 $279,531
MICHELLE BOE EXECUTIVE DIRECTOR (OCT-DEC) 0.50
Officer
$0 $7,583 $57,688
DOUGLAS E JOHNSON CFO 0.50
Officer
$0 $44,121 $647,904
NANCY L EVERT SECRETARY 0.50
Officer
$0 $238,674 $1,049,946
BRANDI LUNNEBORG DIRECTOR & PRESIDENT 0.50
Officer
$0 $139,951 $811,412
PAUL L ERICKSON EXECUTIVE DIRECTOR (JAN-MAR) 49.50
Officer
$0 $20,907 $192,322
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 $1,425,739 $2,073,571 $10,040,976 $-647,832
2022 $2,141,240 $1,201,364 $9,186,942 $939,876
2021 $2,731,617 $1,874,090 $8,854,166 $857,527
2020 $1,180,417 $1,760,191 $6,470,755 $-579,774
2019 $1,372,019 $1,959,215 $6,749,657 $-587,196
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