Lake Region Healthcare Corporation
Lake Region Healthcare Corporation reported $178.7 million in revenue and $177.3 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $84.73 went to program services, $15.27 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.0% of the total. The highest compensation it reported for one person was $1,465,873 (PLASTIC SURGEON). 79 people received more than $100,000 in reportable compensation. Revenue rose 24% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $177MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $179MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.7% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.3% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.5% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,465,873 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.83% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 79 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.2 | 6.6 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseLake Region Healthcare Corporation is a not-for-profit provider of health care services operating a 108-bed hospital comprised of a 94-bed acute hospital, a 14-bed psychiatric unit, and multiple clinic sites. Out purpose is to meet the health care needs of the people in west central minnesota. Our vision is to be minnesota's preeminent regional health care partner. Our core values include integrity, teamwork, compassion, and excellence. Lake Region Healthcare Corporation is a provider of quality health care services, as noted by our accreditation by the joint commission. Services that Lake…
Lake Region Healthcare offers clinical services in four communities and a walk-in clinic. Specialties offered through clinic services include cardiology, ob gyn, pediatrics, ophthalmology, family medicine, internal medicine, urology, dermatology, ent, allergy, audiology, podiatry, pulmonology, sports medicine, surgery, and orthopedics
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PLASTIC SURGEON Highest compensated employee, 40.00 hrs/week | $1,425,160 | $0 | $40,713 | $1,465,873 |
| CEO Officer, 39.00 hrs/week | $685,803 | $0 | $84,285 | $770,088 |
| CRNA Highest compensated employee, 40.00 hrs/week | $308,566 | $0 | $65,719 | $374,285 |
| CRNA Highest compensated employee, 40.00 hrs/week | $309,850 | $0 | $64,124 | $373,974 |
| CRNA Highest compensated employee, 40.00 hrs/week | $316,226 | $0 | $36,545 | $352,771 |
| CRNA Highest compensated employee, 40.00 hrs/week | $312,365 | $0 | $23,385 | $335,750 |
| CNO (THRU 07/2025) Officer, 39.00 hrs/week | $255,350 | $0 | $34,915 | $290,265 |
| VP OF HUMAN RESOURCES Key employee, 39.00 hrs/week | $200,712 | $0 | $53,273 | $253,985 |
79 people received more than $100,000 in reportable compensation from Lake Region Healthcare Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5949
- Volunteers Part I, line 665
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LAKE REGION MEDICAL GROUP Physician services | $33,071,116 |
| SANFORD It/emr services | $1,854,840 |
| VIRTUAL RADIOLOGIC PROFESSIONALS Radiology physician services | $1,822,315 |
| MEDICAL SOLUTIONS LLC Contracted labor | $1,535,292 |
| LOCUMTENENSCOM Physician services | $1,287,316 |
Individuals listed as contractors are left out. 35 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Lake Region Healthcare Corporation totaling $37,500 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Lake Region Healthcare Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lake Region Healthcare Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Lake Region Healthcare Corporation spent in FY2025, $84.73 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Arkansas Health GroupLittle Rock, AR · revenue $178M · programs 97.5% · 2024
- Deaconess ClinicEvansville, IN · revenue $179M · programs 93.6% · FY2025
- Northeast Valley Health CorporationSan Fernando, CA · revenue $177M · programs 91.7% · 2025
- National Rehabilitation HospitalWashington, DC · revenue $179M · programs 70.0% · FY2025
- Baylor Scott & White Medical Center - CentennialDallas, TX · revenue $177M · programs 87.1% · FY2025
Questions people ask
How much of Lake Region Healthcare Corporation's spending goes to programs?
In the fiscal year ending September 30, 2025, Lake Region Healthcare Corporation reported that 84.7% of its $177.3 million in expenses went to program services, 15.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lake Region Healthcare Corporation pay its top executive?
The largest total compensation Lake Region Healthcare Corporation reported for one person in the fiscal year ending September 30, 2025 was $1,465,873, for the role of PLASTIC SURGEON (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lake Region Healthcare Corporation get its money?
Of $178.7 million in revenue in the fiscal year ending September 30, 2025, 0.5% came from contributions and grants and 92.0% from program service revenue (Form 990, Part VIII).
Is Lake Region Healthcare Corporation a registered charity?
The IRS lists EIN 41-0730602 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202632239349300618 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202512169349301246 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202412279349303051 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342269349301519 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222249349300027 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132249349302768 · read the filing
All filings for EIN 41-0730602: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.