Overview
What is Lake Regional Health System?
Lake Regional Health System is a prominent nonprofit healthcare provider based in Osage Beach, Missouri. With a workforce of 1639 dedicated employees, they offer a comprehensive range of outpatient and inpatient services, including diagnostic imaging, laboratory tests, physical therapy, and an emergency department, to both the local community and surrounding rural areas. During the 2022 fiscal year, they provided 355,210 outpatient service visits and offered COVID-19 testing and treatment services. The organization's mission is to deliver exceptional healthcare to residents and visitors.
Official website here: www.lakeregional.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Lake Regional Health System has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance as indicated by a perfect score in this area. The organization has maintained a high level of transparency with 68% of its board members being independent and all necessary policies, like conflict of interest and whistleblower protections, clearly listed and in place.
The financial health of Lake Regional Health System is solid, showcased by a favorable liabilities to assets ratio of 36.14% and a program expense ratio of 78.94%, which indicates that a significant portion of its resources is allocated directly to its mission-driven programs. Additionally, the presence of an Audit and Oversight Committee contributes to the robust financial oversight of the organization.
While the data presented underscores the strengths of Lake Regional Health System, it generally lacks information regarding their program outcomes or community impact, which could provide a more comprehensive view of their effectiveness in serving their mission. However, the high accountability and financial management scores suggest a well-managed organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Regional Health System legitimate?
Lake Regional Health System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Regional Health System submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,695,118
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,682,224
For more financial information, click here
Official website here: www.lakeregional.com
What is the mission statement of Lake Regional Health System?
Lake Regional Health System is dedicated to delivering exceptional healthcare services to both residents and visitors. Their mission encompasses providing a wide range of outpatient and inpatient healthcare, including diagnostic imaging, laboratory, and physical therapy services. During their 2022 fiscal year, they offered a substantial number of 355,210 outpatient service visits. In response to the pandemic, they also provided COVID-19 testing and treatment services.
Official website here: www.lakeregional.com
Who is the CEO of Lake Regional Health System?
Kevin Mcroberts is the CEO of Lake Regional Health System The CEO's salary of Lake Regional Health System is $584,663 and their total compensation is $684,301.
Official website here: www.lakeregional.com
What is the revenue of Lake Regional Health System?
Lake Regional Health System's revenue in 2024 was $257,478,913.
Official website here: www.lakeregional.com
Who are the executives of Lake Regional Health System and what are their salaries?
The average compensation at Lake Regional Health System during 2024 was $54,189. There are 1797 employees and 61 volunteers at Lake Regional Health System.
Here are 31 key members and their salaries (Lake Regional Health System's CEO's salary is $584,663 and their total compensation is $684,301):
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- Other: $15,037
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- Related: $725,994
- Other: $15,795
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- Other: $18,834
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- Compensation: $111,589
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- Compensation: $587,418
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- Other: $17,030
- Compensation: $584,663
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- Other: $99,638
- Compensation: $201,367
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- Other: $29,067
- Compensation: $377,632
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- Other: $51,070
- Compensation: $315,928
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- Other: $43,453
- Compensation: $240,335
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- Other: $35,928
- Compensation: $532,481
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- Other: $18,634
- Compensation: $519,987
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- Other: $15,749
- Compensation: $978,658
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- Other: $138,824
- Compensation: $509,590
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- Other: $18,530
- Compensation: $704,863
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- Other: $16,632
- Compensation: $146,676
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- Compensation: $0
- Related: $579,125
- Other: $14,727
- Compensation: $187,727
- Related: $0
- Other: $924
Official website here: www.lakeregional.com
Where can I find the form 990 for Lake Regional Health System?
Lake Regional Health System's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lakeregional.com
Learn more at the official website: www.lakeregional.com
Mission Statement of Lake Regional Health System
Lake Regional Health System is a dedicated healthcare provider that offers an extensive array of outpatient and inpatient services, as well as an emergency department, to both residents and visitors. The organization's mission is centered around delivering exceptional healthcare, ensuring that those in need have access to the necessary medical assistance.
In their pursuit of providing quality healthcare services, Lake Regional Health System offers outpatient visits for diagnostic imaging, laboratory tests, and physical therapy. These services cater not only to the local community but also to the surrounding rural areas. During their 2022 fiscal year, the hospital provided a total of 355,210 outpatient service visits, demonstrating the high demand for their healthcare offerings.
Moreover, Lake Regional Health System responded to the COVID-19 pandemic by providing testing and inpatient treatment services. This commitment to addressing the health concerns of their community highlights their dedication to ensuring the well-being of those they serve. By offering these vital services, Lake Regional Health System has demonstrated their unwavering mission to provide exceptional healthcare to all.
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Impact
October, 2024
Lake Regional Health System significantly impacts the community by delivering a comprehensive range of outpatient and inpatient healthcare services as well as emergency care to both residents and visitors in Osage Beach, Missouri, and surrounding rural areas.
With a total of 355,210 outpatient service visits, the facility plays a crucial role in ensuring access to essential health services, including diagnostic imaging, laboratory testing, and physical therapy. During the 2022 fiscal year, the health system also actively participated in public health efforts by providing COVID-19 testing and inpatient treatment services, further demonstrating its commitment to community health and safety.
By fulfilling its mission to provide exceptional healthcare, Lake Regional Health System enhances the overall well-being of the population it serves, positioning itself as a vital cornerstone of the local healthcare infrastructure.
This information is meant to be a general summary of Lake Regional Health System. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $3,931,120
- Program Service Revenue: $242,148,511
- Gross Receipts: $287,700,868
Assets and Liabilities:
- Total Assets: $261,905,281
- Total Liabilities: $95,846,084
- Net Assets: $166,059,197
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE
Revenue
$234,989,329
CAFETERIA INCOME
Revenue
$1,851,290
AUXILIARY INCOME
Revenue
$2,696,711
OTHER INCOME
Revenue
$2,611,181
Organization Details
Founding Year
1973
Principal Officer
Dennis Michaelree
Website
www.lakeregional.comNTEE Category
Code: E220 - Health
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