LAKE VIEW MEMORIAL HOSPITAL FOUNDA… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

JERRY M YANG

Phone

2188347300

Tax Period

2024-01-01 to 2024-06-30

LAKE VIEW MEMORIAL HOSPITAL FOUNDATION OF NORTHEAST MINNESOTA, founded in 1990, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $11K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 61% operating margin.

Mission

PROVIDES CHARITABLE FINANCIAL SUPPORT TO LAKE VIEW MEMORIAL HOSPITAL, INC. TO ADVANCE COMPASSIONATE PATIENT CARE AND IMPROVE THE HEALTH OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,970 Revenue: $0

CHARITABLE SUPPORT TO LAKE VIEW MEMORIAL HOSPITAL, TO ADVANCE COMPASSIONATE AND HIGH-QUALITY PATIENT CARE AND IMPROVE THE HEALTH OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,959

Program Service Revenue $0

Investment Income $4,742

Other Revenue $0

TOTAL REVENUE $10,701

Expense Breakdown

Grants Paid $2,970

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,970

Other Expenses $1,224

TOTAL EXPENSES $4,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,701	$43,543	-0.8%
Expenses	$4,194	$10,570	-0.6%
Net Income	$6,507	$32,973	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLEY FREDRICKSON	CHAIR	1.00	Officer Director	$0	$0	$0
LAREESA SANDRETSKY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LAURIE KRAGSETH	TREASURER	1.00	Officer Director	$0	$0	$0
ROLAND KANE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE MICHELS	DIRECTOR	1.00	Director	$0	$0	$0
SANDI PILLSBURY-GREDZENS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW HEYWOOD	PRESIDENT & CEO ASPIRUS	2.00	Officer	$0	$0	$0
JEFFREY JONES	SVP-CFO (THRU 04/23)	2.00	Officer	$0	$0	$0
JERRY M YANG	SVP - CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$0	$0
ERIC LOHN	ST. LUKE'S CO-PRESIDENT/CE	1.00	Officer	$0	$0	$0
NICHOLAS VAN DEELEN MD	ST. LUKE'S CO PRESIDENT/CM	1.00	Officer	$0	$0	$0
GREG RUBERG	LAKE VIEW PRESIDENT/CEO	1.00	Officer	$0	$0	$0
NATHAN CAVALLIN	LAKE VIEW FINANCE DIRECTOR	1.00	Officer	$0	$0	$0
CATHERINE M CARTER HUBER	SLF/LVF EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
MEAGAN M AVERY	LVF DEVELOPMENT ASSOCIATE	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
2025	No data	No data	No data	No data
2024	$10,701	$4,194	$985,568	$6,507
2023	$43,543	$10,570	$916,334	$32,973
2022	$134,129	$10,952	$798,038	$123,177
2021	$168,179	$6,740	$908,060	$161,439
2020	$49,274	$2,985	$727,206	$46,289
2019	$34,465	$4,211	$600,443	$30,254
2018	$68,154	$1,592	$518,375	$66,562

LAKE VIEW MEMORIAL HOSPITAL FOUNDATION OF NORTHEAST MINNESOTA