LifeCare Medical Center

EIN: 411804205 501(c)(3) Health Care

Roseau, MN

Total Revenue
$74,965,269
Total Expenses
$65,418,127
Total Assets
$120,995,256
Net Assets
$107,766,210
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MN
Principal Officer
Keith Okeson
Phone
2184632500
Tax Period
2023-10-01 to 2024-09-30

LifeCare Medical Center, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $75.0M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $65.4M left a modest 13% surplus.

Mission

To provide care for a healthy life.

Program Service Accomplishments

Program 1
Expenses: $52,837,256 Revenue: $64,280,028

LifeCare Medical Center operates a 25-bed critical access hospital, a 40-bed nursing facility, a 42-unit assisted living facility, a primary care clinic, home health, hospice, and public health in...

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LifeCare Medical Center operates a 25-bed critical access hospital, a 40-bed nursing facility, a 42-unit assisted living facility, a primary care clinic, home health, hospice, and public health in Roseau, Minnesota. The organization also operates a 40-bed nursing facility, 12 apartments of assisted living, and a primary care clinic in Greenbush, Minnesota. The organization also operates a community wellness/rehabilitation center and a primary care clinic in Warroad, Minnesota. The purpose of the Medical Center is to own, maintain, and operate a hospital, clinics, and long term care facilities, and to furnish medical and surgical care to the sick, infirm, or injured.Continued on Schedule O...Acute Care Hospital (Inpatient and Outpatient)Inpatient days: 2,600 (1,291 IP and 1,309 SWB)Long Term CareLifeCare Roseau Manor Resident Days: 12,571LifeCare Greenbush Manor Resident Days: 10,847LifeCare Greenbush Assisted Living Resident Days: 1,951LifeCare Senior Living Resident Days: 11,801Clinic Visits: 11,061Home Health Visits: 2,232Hospice Clients Served: 32To fulfill its mission of community service, LifeCare Medical Center provides care to patients who meet certain criteria under its charity care policy without charge or at amounts less than its established rates. The amount of charges foregone, based on established rates, was $226,215 for the year ended September 30, 2024.LifeCare Medical Center was selected by The National Rural Health Association's Rural Health Policy Institute, iVantage Health Analytics and The Chartis Center for Rural Health as one of the top 100 Critical Access Hospitals in the country based on quality, customer surveys, and financial indicators. We are very proud of our staff in being selected in 2018, 2020, and 2021 for this honor.

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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 $8,764,879
Program Service Revenue $64,280,028
Investment Income $1,803,853
Other Revenue $116,509
TOTAL REVENUE $74,965,269

Expense Breakdown

Grants Paid $47,500
Salaries & Benefits $38,009,475
Fundraising Expenses $0
Program Expenses $52,837,256
Other Expenses $27,361,152
TOTAL EXPENSES $65,418,127

Year-over-Year Comparison

2023 2022 Change
Revenue $74,965,269 $58,253,621 +0.3%
Expenses $65,418,127 $55,626,625 +0.2%
Net Income $9,547,142 $2,626,996 +2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
8
Employees
584
Volunteers
350

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
$920,048
Total Directors
12
$13,900
Key Employees
2
$496,941
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Corwin Vatnsdal Chair 1.00
Officer Director
$2,200 $0 $2,200
Therese McBride Treasurer 1.00
Officer Director
$1,400 $0 $1,400
Brenda Sather Vice Chair 1.00
Officer Director
$1,100 $0 $1,100
Mark Wilson Secretary 1.00
Officer Director
$1,700 $0 $1,700
Beth Johnson Trustee 1.00
Director
$900 $0 $900
Matthew Ulwelling Trustee 1.00
Director
$600 $0 $600
Ronald Brummer Trustee 1.00
Director
$900 $0 $900
Chuck Lindner Trustee 1.00
Director
$1,300 $0 $1,300
Jessica Foss Trustee 1.00
Director
$700 $0 $700
Mark Karl Trustee 1.00
Director
$1,100 $0 $1,100
Dan Urness Trustee 1.00
Director
$1,100 $0 $1,100
Megan Comstock Trustee 1.00
Director
$900 $0 $900
Keith Okeson CEO/President 40.00
Officer
$496,229 $42,458 $538,687
Cathy Huss CFO 40.00
Officer
$334,605 $40,356 $374,961
Shannon D Carlson COO 40.00
Key Emp
$236,146 $32,140 $268,286
Kelly Hulst CNO 40.00
Key Emp
$181,521 $47,134 $228,655
Alan Grillo Emergency Medicine Physici 40.00
Highest
$464,846 $42,674 $507,520
Andrew Humes CRNA 40.00
Highest
$299,869 $27,802 $327,671
ReNae Johnson CRNA 40.00
Highest
$274,426 $46,282 $320,708
Amber Wibbels Podiatrist 40.00
Highest
$229,326 $39,319 $268,645
James Cain General Surgeon 40.00
Highest
$505,530 $36,269 $541,799
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 $74,965,269 $65,418,127 $120,995,256 $9,547,142
2023 $58,253,621 $55,626,625 $104,672,030 $2,626,996
2022 $57,082,770 $54,578,646 $101,103,944 $2,504,124
2021 $64,501,659 $50,893,549 $99,134,345 $13,608,110
2020 $51,638,149 $47,975,416 $95,325,232 $3,662,733
2019 $53,892,835 $48,915,116 $80,886,889 $4,977,719
2018 $50,577,964 $44,981,548 $78,693,045 $5,596,416
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