LifeCare Medical Center (EIN 411804205) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

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

Promotion of Health

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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 (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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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

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

$920,048

Total Directors

$13,900

Key Employees

$496,941

Highest Compensated

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

LifeCare Medical Center