Roseau, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
To provide care for a healthy life.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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