LAKE REGION HEALTHCARE FOUNDATION (EIN 411677288) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

KENT MATTSON

Phone

2187368000

Tax Period

2023-10-01 to 2024-09-30

LAKE REGION HEALTHCARE FOUNDATION, founded in 2000, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $787K, a strong 57% operating margin.

Mission

THE MISSION OF LAKE REGION HEALTHCARE FOUNDATION IS TO GATHER, STEWARD AND DISTRIBUTE RESOURCES NEEDED TO SUPPORT AND ADVANCE THE MISSION OF LAKE REGION HEALTHCARE AND ITS AFFILIATES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $999,923

Program Service Revenue $0

Investment Income $400,718

Other Revenue $-13,229

TOTAL REVENUE $1,387,412

Expense Breakdown

Grants Paid $290,391

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $578,195

Other Expenses $310,418

TOTAL EXPENSES $600,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,387,412	$598,275	+1.3%
Expenses	$600,809	$1,970,739	-0.7%
Net Income	$786,603	$-1,372,464	-1.6%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$1,111,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW YAGGIE	DIRECTOR/CHAIR	2.00	Officer Director	$0	$0	$0
DIC PICKETT	DIRECTOR/SECRETARY & TREASURER	2.00	Officer Director	$0	$0	$0
MARY BRESSLER	DIRECTOR	2.00	Director	$0	$0	$0
JASMINE SONMOR	DIRECTOR	2.00	Director	$0	$0	$0
JOAN GEDDE	DIRECTOR	2.00	Director	$0	$0	$0
KENT MATTSON	CEO	1.00	Officer	$0	$58,305	$584,485
CAMIE PATTERSON	CFO (THRU 10/23)	1.00	Officer	$0	$14,367	$527,135
CHRIS JOHNSON	CFO	1.00	Officer	$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
2024	$1,387,412	$600,809	$5,326,936	$786,603
2023	$598,275	$1,970,739	$4,112,918	$-1,372,464
2022	$638,456	$207,563	$4,965,988	$430,893
2021	$989,912	$130,535	$13,800,860	$859,377
2020	$594,800	$170,393	$12,270,378	$424,407
2019	$560,909	$141,644	$11,917,114	$419,265
2018	$457,048	$77,922	$11,969,520	$379,126

LAKE REGION HEALTHCARE FOUNDATION