STAPLES, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE MISSION OF LAKEWOOD HEALTH SYSTEM IS TO PROVIDE QUALITY, PERSONALIZED HEALTHCARE FOR A LIFETIME.
HOSPITAL AND CLINICS -LAKEWOOD HEALTH SYSTEM (THE ORGANIZATION) OPERATES A 25-BED CRITICAL ACCESS HOSPITAL PROVIDING INPATIENT, OUTPATIENT, EMERGENCY, AND OTHER SPECIALTY HEALTH CARE SERVICES...
HOSPITAL AND CLINICS -LAKEWOOD HEALTH SYSTEM (THE ORGANIZATION) OPERATES A 25-BED CRITICAL ACCESS HOSPITAL PROVIDING INPATIENT, OUTPATIENT, EMERGENCY, AND OTHER SPECIALTY HEALTH CARE SERVICES, INCLUDING A 10-BED GERIATRIC BEHAVIORAL HEALTH UNIT IN STAPLES, MINNESOTA. THE ORGANIZATION ALSO OPERATES RURAL HEALTH CLINICS LOCATED IN STAPLES, MOTLEY, PILLAGER, EAGLE BEND, AND BROWERVILLE, MINNESOTA. PHYSICIANS, PHYSICIANS' ASSISTANTS, AND NURSE PRACTITIONERS PROVIDE CLINIC PATIENTS WITH PRIMARY CARE AND OTHER HEALTH CARE SERVICES. IN ADDITION, THE ORGANIZATION OPERATES A DERMATOLOGY CLINIC IN SARTELL, MINNESOTA.THE ORGANIZATION PROVIDED FOR 3,808 INPATIENT HOSPITAL AND SWING-BED DAYS, 157 ICU DAYS, 643 INPATIENT GERIATRIC BEHAVIORAL HEALTH UNIT DAYS, 100,205 MEDICAL AND MENTAL HEALTH RURAL HEALTH CLINIC VISITS AND 9,799 DERMATOLOGY CLINIC VISITS.
SENIOR SERVICES -THE ORGANIZATION OPERATES A 100-BED, MEDICARE-CERTIFIED SKILLED NURSING FACILITY IN STAPLES, MINNESOTA, THAT PROVIDES LONG-TERM AND REHABILITATIVE CARE TO RESIDENTS. IN SEPTEMBER...
SENIOR SERVICES -THE ORGANIZATION OPERATES A 100-BED, MEDICARE-CERTIFIED SKILLED NURSING FACILITY IN STAPLES, MINNESOTA, THAT PROVIDES LONG-TERM AND REHABILITATIVE CARE TO RESIDENTS. IN SEPTEMBER 2021, 13 BEDS WERE PUT ON LAYAWAY STATUS, REDUCING THE TOTAL SKILLED NURSING BEDS IN SERVICE FROM 100 TO 87. IN ADDITION TO SKILLED NURSING CARE, THE ORGANIZATION ALSO OPERATES HOME HEALTH CARE AND HOSPICE PROGRAMS TO PROVIDE NURSING CARE AND ASSISTANCE AT THE PATIENT'S RESIDENCE. ASSISTED LIVING AND INDEPENDENT LIVING FACILITIES OPERATED BY THE ORGANIZATION, LOCATED IN STAPLES, MINNESOTA, PROVIDE COMBINATIONS OF HEALTH-RELATED AND SUPPORTIVE SERVICES FOR TENANTS. THE ORGANIZATION PROVIDED FOR 27,999 RESIDENT DAYS IN THE NURSING HOME AND 686 ASSISTED LIVING UNIT RENTED MONTHS.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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