Lakewood Health System
Lakewood Health System reported $162.9 million in revenue and $160.3 million in expenses for calendar year 2024. Of every $100 it spent, $84.65 went to program services, $15.35 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: 98.1% of the total. The highest compensation it reported for one person was $649,186 (CEO & PRESIDENT). 126 people received more than $100,000 in reportable compensation. Revenue rose 48% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $160MFor 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
Calendar year 2024 · Form 990, Part VIII · total revenue $163MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | 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 | 0.6% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.4% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $649,186 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.40% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 126 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 10 of 11 | 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
2024 · Form 990, Part III · the three largest programs by expenseHospital 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…
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…
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| CEO & PRESIDENT Director/trustee, officer, 40.00 hrs/week | $612,785 | $0 | $36,401 | $649,186 |
| CHIEF MEDICAL OFFICER Officer, 40.00 hrs/week | $563,235 | $0 | $0 | $563,235 |
| CRNA Highest compensated employee, 40.00 hrs/week | $340,633 | $0 | $54,894 | $395,527 |
| CRNA Highest compensated employee, 40.00 hrs/week | $353,089 | $0 | $39,021 | $392,110 |
| CRNA Highest compensated employee, 40.00 hrs/week | $330,825 | $0 | $48,915 | $379,740 |
| CRNA Highest compensated employee, 40.00 hrs/week | $340,170 | $0 | $26,382 | $366,552 |
| VP - CLINICS & MEDICAL PROVIDERS Key employee, 40.00 hrs/week | $297,567 | $0 | $45,351 | $342,918 |
| VP OF SUPPORT SERVICES Key employee, 40.00 hrs/week | $286,187 | $0 | $22,276 | $308,463 |
126 people received more than $100,000 in reportable compensation from Lakewood Health System (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (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
2024 · 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–1b11 · 10 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 2No
- 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 51,126
- Volunteers Part I, line 637
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| LAKEWOOD CLINIC PA Physician services | $19,987,656 |
| OCHIN Software build services | $3,620,981 |
| BIG STONE THERAPIES Therapy services | $3,031,523 |
| INFINITE HEALTH COLLABORATIVE TCO Orthopedic services | $2,114,528 |
| CENTRAL MN DIAGNOSTIC (CMDI) Mri & ct services readings | $1,470,361 |
Individuals listed as contractors are left out. 22 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Lakewood Health System totaling $1,721 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 Lakewood Health System's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lakewood Health System, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Lakewood Health System spent in 2024, $84.65 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Grande Ronde HospitalLA Grande, OR · revenue $163M · programs 86.7% · FY2025
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- Avera MarshallMarshall, MN · revenue $163M · programs 91.5% · FY2025
- St Vincent's Medical Center-Clay CountySt Louis, MO · revenue $164M · programs 74.5% · FY2025
- Armstrong County Memorial HospitalKittanning, PA · revenue $163M · programs 89.7% · FY2025
Questions people ask
How much of Lakewood Health System's spending goes to programs?
In calendar year 2024, Lakewood Health System reported that 84.7% of its $160.3 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 Lakewood Health System pay its top executive?
The largest total compensation Lakewood Health System reported for one person in calendar year 2024 was $649,186, for the role of CEO & PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lakewood Health System get its money?
Of $162.9 million in revenue in calendar year 2024, 0.6% came from contributions and grants (including 0.4% from government grants) and 98.1% from program service revenue (Form 990, Part VIII).
Is Lakewood Health System a registered charity?
The IRS lists EIN 41-1842965 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
- 2024: Form 990 for calendar year 2024, object 202502969349300625 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443169349304074 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332829349300613 · read the filing
- 2021: Form 990 for calendar year 2021, object 202222589349301117 · read the filing
- 2020: Form 990 for calendar year 2020, object 202131879349300413 · read the filing
- 2019: Form 990 for calendar year 2019, object 202041569349300034 · read the filing
All filings for EIN 41-1842965: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.