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 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

LAKEVIEW HEALTH FOUNDATION (THE FOUNDATION), THROUGH PHILANTHROPY, DEVELOPS RESOURCES TO IDENTIFY AND SUPPORT INITIATIVES THAT ENABLE LAKEVIEW HEALTH (LH) TO FULFILL ITS MISSION - TO PROMOTE AND SPONSOR SUPERIOR HEALTH AND WELL-BEING SERVICES.

Program Service Accomplishments

Program 1
Expenses: $2,059,008 Revenue: $0

CORPORATE STRUCTURE, PURPOSE, GOVERNANCE THE MISSION: LAKEVIEW HEALTH FOUNDATION (THE FOUNDATION), THROUGH PHILANTHROPY, DEVELOPS RESOURCES TO IDENTIFY AND SUPPORT INITIATIVES THAT ENABLE LAKEVIEW...

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CORPORATE STRUCTURE, PURPOSE, GOVERNANCE THE MISSION: LAKEVIEW HEALTH FOUNDATION (THE FOUNDATION), THROUGH PHILANTHROPY, DEVELOPS RESOURCES TO IDENTIFY AND SUPPORT INITIATIVES THAT ENABLE LAKEVIEW HEALTH SYSTEM TO FULFILL ITS MISSION TO PROMOTE AND SPONSOR SUPERIOR HEALTH AND WELLBEING SERVICES. HEALTHPARTNERS IS A NONPROFIT ORGANIZATION WITH A MISSION OF IMPROVING HEALTH AND WELL-BEING IN PARTNERSHIP WITH ITS PATIENTS, MEMBERS AND COMMUNITY. AN INTEGRATED SYSTEM OF CARE AND COVERAGE SINCE ITS FOUNDING IN 1957, HEALTHPARTNERS OPERATES HOSPITALS AND CLINICS, HEALTH PLANS, AND A RESEARCH AND EDUCATION INSTITUTE. THE MINNEAPOLIS-BASED ORGANIZATION SERVES MORE THAN 1.3 MILLION PATIENTS IN MINNESOTA AND WISCONSIN AND 1.8 MILLION MEDICAL AND DENTAL HEALTH PLAN MEMBERS NATIONWIDE. FOUNDED IN 1957, HEALTHPARTNERS IS AN INTEGRATED HEALTH CARE ORGANIZATION, PROVIDING HEALTH CARE SERVICES AND HEALTH PLAN FINANCING AND ADMINISTRATION. HEALTHPARTNERS' MISSION IS TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS, AND COMMUNITY. HEALTHPARTNERS SEEKS TO TRANSFORM HEALTH CARE THROUGH A RELENTLESS FOCUS ON THE TRIPLE AIM - PROVIDING EXCEPTIONAL EXPERIENCE FOR THE INDIVIDUAL, IMPROVING THE HEALTH OF THE POPULATION, AND MAINTAINING AFFORDABILITY. HEALTHPARTNERS, INC. (HPI) IS A MINNESOTA NONPROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4) AND IS THE PARENT ENTITY OF HEALTHPARTNERS ORGANIZATIONS REFERRED TO COLLECTIVELY AS "HEALTHPARTNERS". HEALTHPARTNERS INCLUDES AN ARRAY OF TAX-EXEMPT AND TAXABLE ORGANIZATIONS. HEALTHPARTNERS PROVIDES A FULL RANGE OF HEALTH CARE DELIVERY AND HEALTH PLAN SERVICES INCLUDING INSURANCE, PATIENT CARE, ADMINISTRATION AND HEALTH AND WELL-BEING PROGRAMS. HEALTHPARTNERS HEALTH PLANS SERVE MORE THAN 1.8 MILLION MEDICAL AND DENTAL MEMBERS NATIONWIDE. HEALTHPARTNERS MEDICAL CARE SYSTEM INCLUDES MORE THAN 2,000 EMPLOYED PHYSICIANS AND DENTISTS, EIGHT OWNED HOSPITALS WITH OVER 1,000 ACUTE CARE BEDS, OVER 100 PRIMARY AND SPECIALTY CARE MEDICAL FACILITIES AND DENTAL FACILITIES WITH PRACTICES IN MINNESOTA AND WESTERN WISCONSIN SERVING MORE THAN 1.34 MILLION PATIENTS. HEALTHPARTNERS HEALTH PLANS CONTRACT WITH OTHER PRIMARY AND SPECIALTY MEDICAL FACILITIES AND DENTAL FACILITIES, PHYSICIAN GROUPS, HOSPITALS, AND RELATED HEALTHCARE PROVIDERS TO SERVE PLAN MEMBERS. HEALTHPARTNERS ALSO PROVIDES MEDICAL EDUCATION AND TRAINING TO MEDICAL PROFESSIONALS AND CONDUCTS RESEARCH AND FUNDRAISING ACTIVITIES THAT SUPPORT THE HEALTH CARE DELIVERY SYSTEM. HEALTHPARTNERS COLLABORATES WITH OTHER PLANS, CARE PROVIDERS AND OTHER COMMUNITY AND BUSINESS ORGANIZATIONS IN THE REGION AND THROUGHOUT THE NATION TO INCREASE ACCESS, CREATE AND SHARE QUALITY MEASURES AND INITIATIVES, PARTICIPATE IN DEVELOPMENT OF PUBLIC POLICY, AND COLLABORATE IN IMPROVEMENTS THAT SUPPORT THE TRIPLE AIM. AMONG HEALTHPARTNERS' SIGNATURE INITIATIVES ARE TOTAL COST OF CARE MEASUREMENTS (A NATIONALLY RECOGNIZED METRIC, ENABLING MEASUREMENT AND INCENTIVES BASED ON COORDINATION AND EVIDENCE-BASED PRACTICES), MENTAL HEALTH (REDUCING STIGMA, AND ASSURING ACCESS TO HIGH QUALITY CARE IN THE MOST APPROPRIATE SETTINGS), CHILDREN'S HEALTH (IMPROVING CHILD HEALTH BY PROMOTING EARLY BRAIN DEVELOPMENT, PROVIDING FAMILY CENTERED CARE, AND STRENGTHENING COMMUNITIES), EQUITY, INCLUSION, AND ANTI-RACISM (ADDRESSING HEALTH EQUITY, ELIMINATING HEALTH CARE DISPARITIES, INCREASING DIVERSITY AND INCLUSION IN OUR WORKPLACES, BUILDING AN ANTI-RACIST CULTURE, AND DEEPENING OUR COLLECTIVE UNDERSTANDING OF CULTURAL HUMILITY) AND SUSTAINABILITY (ENERGY EFFICIENCY, WASTE REDUCTION, AND RESOURCE MANAGEMENT). A COMPLETE LISTING OF ALL ORGANIZATIONS WITHIN HEALTHPARTNERS, AND THE RELATIONSHIP BETWEEN THEM, CAN BE FOUND ON SCHEDULE R WITHIN THIS 990 RETURN. DETAILED INFORMATION ABOUT THE COMMUNITY BENEFIT ACTIVITIES AND ACCOMPLISHMENTS OF EACH TAX-EXEMPT ORGANIZATION CAN BE FOUND IN THE INDIVIDUAL FORM 990 RETURN FOR THAT ORGANIZATION. HEALTHPARTNERS, INC. (HPI) IS THE PARENT ENTITY OF HEALTHPARTNERS AND IS A MINNESOTA NONPROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(4). HPI IS THE SOLE CORPORATE MEMBER OF HPI-RAMSEY, A MINNESOTA NONPROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). IN TURN, HPI-RAMSEY IS THE SOLE CORPORATE MEMBER OF REGIONS HOSPITAL, REGIONS HOSPITAL FOUNDATION, CAPITOL VIEW TRANSITIONAL CARE CENTER, LAKEVIEW HEALTH (LH) AND RH-WISCONSIN, INC., ALL OF WHICH ARE NONPROFIT CORPORATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). LH IS THE SOLE CORPORATE MEMBER OF THE FOUNDATION ALONG WITH LAKEVIEW MEMORIAL HOSPITAL ASSOCIATION (LAKEVIEW HOSPITAL) AND STILLWATER MEDICAL GROUP (SMG), BOTH MINNESOTA 501(C)(3) TAX EXEMPT ORGANIZATIONS. THE FOUNDATION'S FUNDRAISING AND GRANTING: THE FOUNDATION RAISED $1,136,661 IN CONTRIBUTIONS AND GRANTS IN 2023. THESE FUNDS WERE DIRECTED TO SEVERAL CHARITY CARE PROGRAMS WITHIN LAKEVIEW HOSPITAL AND OUR CLINICS, AS WELL AS PROGRAM SUPPORT, GREATEST NEED ALLOCATIONS, AND CAPITAL REQUESTS WITHIN LAKEVIEW HEALTH. MANY PROGRAMS ARE DIRECTLY SUPPORTED BY DESIGNATED FUNDS WITHIN THE BUDGET OF THE FOUNDATION. CANCER CARE: A DIAGNOSIS OF CANCER CAN BE OVERWHELMING BUT OUR PATIENTS DON'T HAVE TO CHALLENGE THE DISEASE ALONE. THE TEAM OF CARING PROFESSIONALS AT LAKEVIEW HEALTH IS HERE TO HELP THEM THROUGH THIS DIFFICULT TIME. OUR HEALTH CARE PROVIDERS WILL HELP THROUGH DIAGNOSIS, CONSULTS, TREATMENT, AND FOLLOWUP CARE. WE PROVIDE A SOOTHING, HEALING ENVIRONMENT THAT IS CLOSE TO HOME. THE MISSION OF THE CANCER CARE DEPARTMENT WILL ALWAYS BE TO MAINTAIN OUR COMMUNITY FEEL WHILE PROVIDING EXCEPTIONAL AND STATE-OF-THE-ART ARE CLOSE TO HOME. IN ADDITION, WE STRIVE TO STRENGTHEN AND EXPAND THE PROGRAM, SERVICES, AND THE FACILITIES, INCLUDING "EXTRAS" FOR THE PATIENTS AND THEIR FAMILIES DURING THEIR CANCER JOURNEY WITH US. OUR PATIENTS AND THEIR FAMILIES CAN FACE CANCER WITH CONFIDENCE IN OUR ONCOLOGY AND INFUSION TEAM. LAKEVIEW OFFERS A FULL RANGE OF TREATMENTS AND SERVICES INCLUDING: -GENETIC COUNSELING -RADIATION THERAPY (HP PARTNERSHIP) -SURGERY PALLIATIVE CARE -HEMATOLOGY & BLOOD DISORDERS -NUTRITION COUNSELING -CANCER REHABILITATION -SURVIVORSHIP PROGRAM -INFUSION SERVICES INCLUDING BOTH CHEMOTHERAPY, BIOTHERAPY AND TARGETED AGENTS -NONCHEMOTHERAPY INFUSIONS AND BLOOD TRANSFUSIONS -OPTIONS FOR SEMIPRIVATE, PRIVATE OR COMMUNITY SEATING FOR INFUSIONS -ITEGRATIVE THERAPIES -CANCER SUPPORT GROUPS -ONCOLOGY CERTIFIED NURSES -ONCOLOGY NURSE NAVIGATOR -CLINICAL TRIALS WITH THE METROMINNESOTA COMMUNITY ONCOLOGY RESEARCH CONSORTIUM (MMCOCRC) WE ARE INVESTING IN EQUIPMENT AND FACILITIES THAT ENHANCE PATIENTS' JOURNEY, PROVIDING A HEALING AND COMFORTABLE ENVIRONMENT TO IMPROVE THEIR QUALITY OF LIFE. CONTRIBUTIONS PAID FOR A SOCIAL WORKER TO WORK WITH PATIENTS AND FAMILIES, STRENGTHENED BREAST CANCER SUPPORT GROUPS AND COVERED ASSOCIATED COSTS FOR COLLATERAL MATERIAL, BOOKS, HANDOUTS, CARE MANAGEMENT NOTEBOOKS, CAMISOLES AND BREAST PROSTHESIS. FUND EXPENSES WERE $61,676. DIABETES EDUCATION: THE DIABETES EDUCATION PROGRAM, RECOGNIZED BY THE AMERICAN ASSOCIATION OF DIABETES EDUCATORS, TEACHES PATIENTS THE SKILLS THEY NEED TO MANAGE THEIR DIABETES AND LIVE A HEALTHIER LIFE. THROUGH INDIVIDUAL AND GROUP SESSIONS WITH CERTIFIED DIABETES EDUCATORS, REGISTERED NURSES, AND REGISTERED DIETICIANS, PEOPLE WITH DIABETES COME TO A GREATER UNDERSTANDING OF THE TOLL THAT UNCONTROLLED DIABETES CAN TAKE ON THE BODY. MORE IMPORTANTLY, PATIENTS ARE EMPOWERED TO PREVENT COMPLICATIONS THROUGH SELFCARE BY LEARNING HOW TO MANAGE THEIR DIABETES THROUGH MEAL PLANNING, SICK DAYS AND COMPLICATIONS. THE FOUNDATION ALSO HAS AN ACTIVE COMMUNITY EDUCATION PROGRAM THAT BRINGS PREVENTION, PROGRAMMING, AND COMMUNITY DIABETES SCREENINGS TO VARIOUS LOCATIONS IN THE EAST METRO. THE BENEFITS TO THE COMMUNITY WHEN PEOPLE PARTICIPATE IN THIS PROGRAM INCLUDE BETTER INDIVIDUAL HEALTH, LESS EXPENSIVE USE OF THE HEALTH CARE SYSTEM, AND OVERALL BETTER QUALITY OF LIFE FOR THE DIABETES PATIENT AND THEIR FAMILY AS THEY STRIVE TO INCORPORATE BETTER HABITS.

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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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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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