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Nonprofiteer
← LAKEWOOD HEALTH SYSTEM

Form 990 for tax year 2022

Filed by LAKEWOOD HEALTH SYSTEM.

Totals

Total revenue
$136,356,446
Total expenses
$125,652,437
Contributions and grants received
$6,055,621
Grants paid
$0
Program service revenue
$128,995,985
Investment income
$391,578
Other revenue
$913,262
Total assets, end of year
$163,284,076
Total liabilities, end of year
$65,990,838
Net assets or fund balances, end of year
$97,293,238
Program services expenses (Part IX)
$102,449,420
Management and general expenses
$23,203,017
Fundraising expenses
$0
Program service expenses (Part III)
$102,449,420

Program services were 81.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $40,705

  • 1e · Government grants (contributions)

    $5,416,268

  • 1f · All other contributions, gifts and grants

    $598,648

  • 2a · Program service revenue: NET PATIENT AND RESIDENT SERVICE

    total $126,580,468 · related or exempt $126,580,468

  • 2b · Program service revenue: 340B PHARMACY

    total $932,947 · related or exempt $932,947

  • 2c · Program service revenue: OCCUPATIONAL HEALTH

    total $434,572 · related or exempt $434,572

  • 2d · Program service revenue: RENT REVENUE

    total $336,963 · related or exempt $336,963

  • 2f · All other program service revenue

    total $711,035 · related or exempt $711,035

  • 3 · Investment income

    total $465,830 · excluded $465,830

  • 7a · Gross sales of assets other than inventory

    other assets $33,540

  • 7b · Less cost or other basis and sales expenses

    other assets $107,792

  • 7c · Gain or loss

    other assets -$74,252

  • 7d · Net gain or loss

    total -$74,252 · excluded -$74,252

  • 8a · Fundraising events: gross income

    $28,780

  • 8a · Fundraising events: contributions included on line 1c

    $40,705

  • 8b · Fundraising events: direct expenses

    $27,115

  • 8c · Net income from fundraising events

    total $1,665 · excluded $1,665

  • 9a · Gaming: gross income

    $35,000

  • 9b · Gaming: direct expenses

    $15,748

  • 9c · Net income from gaming

    total $19,252 · excluded $19,252

  • 10a · Gross sales of inventory

    $130,616

  • 10b · Cost of goods sold

    $72,699

  • 10c · Net income from sales of inventory

    total $57,917 · excluded $57,917

  • 11a · Other revenue: FOOD SERVICE

    total $492,092 · excluded $492,092

  • 11b · Other revenue: EHR INCENTIVE

    total $342,336 · related or exempt $342,336

  • 11e · Other revenue, total

    $834,428

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,004,925 · management and general $2,004,925

  • 7 · Other salaries and wages

    total $44,437,828 · program services $34,658,645 · management and general $9,779,183

  • 8 · Pension plan contributions

    total $1,897,584 · program services $1,443,481 · management and general $454,103

  • 9 · Other employee benefits

    total $9,946,825 · program services $7,475,340 · management and general $2,471,485

  • 10 · Payroll taxes

    total $3,201,003 · program services $2,382,975 · management and general $818,028

  • 11b · Fees: legal

    total $88,638 · management and general $88,638

  • 11c · Fees: accounting

    total $154,521 · management and general $154,521

  • 11d · Fees: lobbying

    total $862 · management and general $862

  • 11g · Fees: other

    total $26,421,828 · program services $25,023,862 · management and general $1,397,966

  • 12 · Advertising and promotion

    total $400,569 · program services $37,144 · management and general $363,425

  • 13 · Office expenses

    total $15,415,855 · program services $13,296,194 · management and general $2,119,661

  • 14 · Information technology

    total $795,726 · management and general $795,726

  • 16 · Occupancy

    total $4,210,150 · program services $2,655,125 · management and general $1,555,025

  • 17 · Travel

    total $482,714 · program services $391,558 · management and general $91,156

  • 19 · Conferences, conventions and meetings

    total $145,580 · program services $101,292 · management and general $44,288

  • 20 · Interest

    total $1,245,242 · program services $1,123,917 · management and general $121,325

  • 22 · Depreciation, depletion and amortization

    total $6,306,653 · program services $6,259,911 · management and general $46,742

  • 23 · Insurance

    total $442,285 · management and general $442,285

  • 24a · Other expenses: OPERATING ROOM SUPPLIES

    total $2,847,172 · program services $2,847,172

  • 24b · Other expenses: MN CARE TAX

    total $1,853,697 · program services $1,853,697

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $685,324 · program services $354,143 · management and general $331,181

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $641,143 · program services $641,143

  • 24e · All other expenses

    total $2,026,313 · program services $1,903,821 · management and general $122,492

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,132 · end of year $5,132

  • 2 · Savings and temporary cash investments

    beginning of year $45,520,386 · end of year $33,087,770

  • 4 · Accounts receivable

    beginning of year $18,069,122 · end of year $16,726,954

  • 7 · Other notes and loans receivable

    beginning of year $3,551 · end of year $180,102

  • 8 · Inventories for sale or use

    beginning of year $2,402,773 · end of year $3,233,945

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,330,359 · end of year $1,882,144

  • 10a · Land, buildings and equipment: cost or other basis

    $137,747,372

  • 10b · Land, buildings and equipment: accumulated depreciation

    $77,375,138

  • 10c · Land, buildings and equipment, net

    beginning of year $56,192,521 · end of year $60,372,234

  • 11 · Investments: publicly traded securities

    beginning of year $46,191,404 · end of year $46,545,025

  • 12 · Investments: other securities

    beginning of year $915,639 · end of year $1,250,770

  • 15 · Other assets

    beginning of year $615,808 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,677,942 · end of year $11,610,599

  • 19 · Deferred revenue

    beginning of year $10,934,161 · end of year $5,631,448

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,807,466 · end of year $2,641,123

  • 21 · Escrow or custodial account liability

    beginning of year $37,297 · end of year $35,421

  • 23 · Secured mortgages and notes payable

    beginning of year $41,323,485 · end of year $40,477,153

  • 25 · Other liabilities

    beginning of year $13,742,617 · end of year $5,595,094

  • 27 · Net assets without donor restrictions

    beginning of year $89,301,829 · end of year $95,985,989

  • 28 · Net assets with donor restrictions

    beginning of year $1,421,898 · end of year $1,307,249

Mission and programs · 2022

Mission

THE MISSION OF LAKEWOOD HEALTH SYSTEM IS TO PROVIDE QUALITY, PERSONALIZED HEALTHCARE FOR A LIFETIME.

Activities or mission (Part I)

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, 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, PHYSICIAN'S 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 3,743 INPATIENT HOSPITAL AND SWING-BED DAYS, 233 ICU DAYS, 2,928 INPATIENT GERIATRIC BEHAVIORAL HEALTH UNIT DAYS, 87,985 MEDICAL AND MENTAL HEALTH RURAL HEALTH CLINIC VISITS AND 10,728 DERMATOLOGY CLINIC VISITS.

    Expenses $91,021,331 · Revenue $115,236,008

  • 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 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 25,909 RESIDENT DAYS IN THE NURSING HOME AND 791 ASSISTED LIVING UNIT RENTED MONTHS.

    Expenses $11,428,089 · Revenue $14,102,313

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TIM RICE

    PRESIDENT (THRU 12/31/22)

    Total calculated
    $582,226
    From this org
    $571,841
    From related orgs
    $0
    Other
    $10,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $459,389
    Bonus
    $72,439
    Other
    $40,013
    Deferred
    $9,150
    Nontaxable benefits
    $1,235
    Filer's total
    $582,226

  • CURT MCILRAVY

    CHAIRMAN

    Total calculated
    $5,408
    From this org
    $5,408
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MARY THEURER

    SECRETARY

    Total calculated
    $4,004
    From this org
    $4,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JEF CICHOS

    VICE CHAIRMAN

    Total calculated
    $3,796
    From this org
    $3,796
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • NORMAN KRAUSE

    BOARD MEMBER

    Total calculated
    $2,756
    From this org
    $2,756
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • KEVIN NELSON

    TREASURER

    Total calculated
    $1,872
    From this org
    $1,872
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LANA HANSEN

    BOARD MEMBER (THRU 06/30/22)

    Total calculated
    $1,196
    From this org
    $1,196
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MICHAEL HUDALLA MD

    BOARD MEMBER

    Total calculated
    $624
    From this org
    $624
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ARDEN BEACHY MD

    BOARD MEMBER (THRU 06/30/22)

    Total calculated
    $1,352
    From this org
    $1,352
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • KAITLYN SCHOECK MD

    BOARD MEMBER

    Total calculated
    $676
    From this org
    $676
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • RYAN KRAY MD

    BOARD MEMBER

    Total calculated
    $624
    From this org
    $624
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • STEPHANIE JORDAHL

    BOARD MEMBER

    Total calculated
    $1,144
    From this org
    $1,144
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ROBERT MUELLER

    BOARD MEMBER

    Total calculated
    $1,612
    From this org
    $1,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LISA BJERGA

    CFO & PRESIDENT

    Total calculated
    $351,828
    From this org
    $344,311
    From related orgs
    $0
    Other
    $7,517
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,455
    Bonus
    $22,053
    Other
    $20,803
    Deferred
    $6,263
    Nontaxable benefits
    $1,254
    Filer's total
    $351,828

  • CHRISTINE ALBRECHT

    CHIEF MEDICAL OFFICER

    Total calculated
    $573,670
    From this org
    $573,670
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $573,670
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $573,670

  • JOSEPH REYCRAFT

    CFO

    Total calculated
    $184,662
    From this org
    $169,281
    From related orgs
    $0
    Other
    $15,381
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,183
    Bonus
    $4,098
    Other
    $0
    Deferred
    $5,118
    Nontaxable benefits
    $10,263
    Filer's total
    $184,662

  • LYNN RICE

    VP OF SUPPORT SERVICES

    Total calculated
    $308,534
    From this org
    $283,029
    From related orgs
    $0
    Other
    $25,505
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,385
    Bonus
    $19,328
    Other
    $19,316
    Deferred
    $8,693
    Nontaxable benefits
    $16,812
    Filer's total
    $308,534

  • CORRINE NEISESS

    VP OF NURSING

    Total calculated
    $221,667
    From this org
    $188,233
    From related orgs
    $0
    Other
    $33,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,604
    Bonus
    $13,434
    Other
    $5,195
    Deferred
    $5,858
    Nontaxable benefits
    $27,576
    Filer's total
    $221,667

  • CRAIG WOLHOWE

    VP OF HOSPITAL & CLINIC SE

    Total calculated
    $330,944
    From this org
    $287,097
    From related orgs
    $0
    Other
    $43,847
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,354
    Bonus
    $20,881
    Other
    $12,862
    Deferred
    $6,335
    Nontaxable benefits
    $37,512
    Filer's total
    $330,944

  • SCOTT MANEY

    CRNA

    Total calculated
    $388,297
    From this org
    $341,516
    From related orgs
    $0
    Other
    $46,781
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,016
    Bonus
    $10,500
    Other
    $0
    Deferred
    $12,150
    Nontaxable benefits
    $34,631
    Filer's total
    $388,297

  • DANIEL LUND

    CRNA

    Total calculated
    $372,031
    From this org
    $327,191
    From related orgs
    $0
    Other
    $44,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $321,691
    Bonus
    $5,500
    Other
    $0
    Deferred
    $8,508
    Nontaxable benefits
    $36,332
    Filer's total
    $372,031

  • JASON ALEXANDER

    CRNA

    Total calculated
    $375,275
    From this org
    $329,667
    From related orgs
    $0
    Other
    $45,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,167
    Bonus
    $5,500
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $36,458
    Filer's total
    $375,275

  • MATTHEW SINGH

    CRNA

    Total calculated
    $371,512
    From this org
    $325,630
    From related orgs
    $0
    Other
    $45,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,030
    Bonus
    $5,500
    Other
    $100
    Deferred
    $9,150
    Nontaxable benefits
    $36,732
    Filer's total
    $371,512

  • TRACY HUNTINGTON

    CRNA

    Total calculated
    $340,259
    From this org
    $330,011
    From related orgs
    $0
    Other
    $10,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,511
    Bonus
    $5,500
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $1,098
    Filer's total
    $340,259

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART II & FORM 990, PART VII, SECTION A, LINE 5
CHRISTINE ALBRECHT IS THE HOSPITAL'S CHIEF MEDICAL OFFICER. SHE ALSO PRACTICES AS AN EMPLOYEE OF LAKEWOOD CLINIC PA WHICH IS AN UNRELATED ORGANIZATION (SEE RELATIONSHIP FURTHER DESCRIBED ON SCHEDULE L) . THE COMPENSATION REPORTED ON PART VII OF THE 990 AND SCHEDULE J, PART II IS REPRESENTATIVE OF HER REPORTED COMPENSATION IN TOTAL FROM LAKEWOOD CLINIC WHICH INCLUDES HER CONTRIBUTIONS TO LAKEWOOD AS CHIEF MEDICAL OFFICER.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • STAPLESMOTLEY HOUSING GROUP LLC

    RELATED · HOME & ECONOMIC DEVELOPMENT · MN · 70% owned · share of assets $210,000 · general or managing partner

    Directly controlled by LAKEWOOD HEALTH SYSTEM

  • LHS-TCO HOUSING LLC

    RELATED · HOUSING · MN · 50% owned · share of income -$1,622 · share of assets $168,009 · general or managing partner

    Directly controlled by LAKEWOOD HEALTH SYSTEM

Provenance

Return type
form_990
Tax year
2022
Filed
28 September 2023
IRS schema version
2022v5.0
Source object
202332829349300613

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