LAKEWOOD HEALTH SYSTEM (EIN 411842965) - 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

1996

Legal Domicile

Principal Officer

LISA BJERGA

Phone

2188941515

Tax Period

2024-01-01 to 2024-12-31

LAKEWOOD HEALTH SYSTEM, founded in 1996, is a major nonprofit in the Health Care sector that reported $162.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE QUALITY, PERSONALIZED HEALTHCARE FOR A LIFETIME.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $919,280

Program Service Revenue $159,772,005

Investment Income $1,076,612

Other Revenue $1,104,126

TOTAL REVENUE $162,872,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,683,872

Fundraising Expenses $0

Program Expenses $135,706,088

Other Expenses $87,621,177

TOTAL EXPENSES $160,305,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,872,023	$148,043,887	+0.1%
Expenses	$160,305,049	$144,660,160	+0.1%
Net Income	$2,566,974	$3,383,727	-0.2%

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

1126

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

$1,504,659

Total Directors

$665,150

Key Employees

$1,019,261

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA BJERGA	CEO & PRESIDENT	40.00	Officer Director	$612,785	$36,401	$649,186
MARY THEURER	SECRETARY	1.00	Officer Director	$3,172	$0	$3,172
CURT MCILRAVY	CHAIRMAN	1.00	Officer Director	$2,496	$0	$2,496
JEF CICHOS	VICE CHAIRMAN	1.00	Officer Director	$2,080	$0	$2,080
NORMAN KRAUSE	TREASURER	1.00	Officer Director	$1,976	$0	$1,976
ROBERT MUELLER	BOARD MEMBER	1.00	Director	$1,820	$0	$1,820
RYAN KRAY MD	BOARD MEMBER (THRU 06/24)	1.00	Director	$936	$0	$936
KAITLYN SCHOECK MD	BOARD MEMBER	1.00	Director	$676	$0	$676
STEPHANIE JORDAHL	BOARD MEMBER (THRU 06/24)	1.00	Director	$624	$0	$624
LINDSAY LEVEILLE MD	BOARD MEMBER	1.00	Director	$572	$0	$572
KEVIN NELSON	TREASURER (THRU 06/24)	1.00	Officer Director	$468	$0	$468
DAN DOUTS	BOARD MEMBER	1.00	Director	$468	$0	$468
SARAH JENNISON	BOARD MEMBER	1.00	Director	$416	$0	$416
WADE SWENSON MD	BOARD MEMBER	1.00	Director	$260	$0	$260
CHRISTINE ALBRECHT	CHIEF MEDICAL OFFICER	40.00	Officer	$563,235	$0	$563,235
JOSEPH REYCRAFT	CFO	40.00	Officer	$265,529	$16,517	$282,046
CRAIG WOLHOWE	VP - CLINICS & MEDICAL PROVIDERS	40.00	Key Emp	$297,567	$45,351	$342,918
LYNN RICE	VP OF SUPPORT SERVICES	40.00	Key Emp	$286,187	$22,276	$308,463
CORRINE NEISESS	VP OF NURSING (THRU 06/24)	40.00	Key Emp	$153,797	$18,858	$172,655
SARAH BAUMGARTNER	VP OF NURSING (AS OF 12/24)	40.00	Key Emp	$152,073	$43,152	$195,225
SCOTT MANEY	CRNA	40.00	Highest	$353,089	$39,021	$392,110
JASON ALEXANDER	CRNA	40.00	Highest	$340,170	$26,382	$366,552
CODY CRAWFORD	CRNA	40.00	Highest	$340,633	$54,894	$395,527
DANIEL LUND	CRNA	40.00	Highest	$330,825	$48,915	$379,740
MATTHEW SINGH	CRNA	40.00	Highest	$245,783	$35,243	$281,026

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	$162,872,023	$160,305,049	$206,834,353	$2,566,974
2023	$148,043,887	$144,660,160	$162,825,284	$3,383,727
2022	$136,356,446	$125,652,437	$163,284,076	$10,704,009
2021	$128,117,710	$121,003,565	$171,246,695	$7,114,145
2020	$115,022,151	$107,160,064	$153,437,720	$7,862,087
2019	$109,713,952	$106,207,463	$127,472,858	$3,506,489
2018	$106,695,322	$103,320,891	$121,413,736	$3,374,431

LAKEWOOD HEALTH SYSTEM