Overview
What is Lake Region Healthcare Corporation?
Lake Region Healthcare Corporation, a not-for-profit organization based in Fergus Falls, Minnesota, offers comprehensive healthcare services. They operate a 108-bed hospital, housing an acute care unit with 94 beds and a 14-bed psychiatric unit. Additionally, they manage multiple clinic sites. Their mission is to enrich life through healthcare, and they strive to provide high-quality care to their community. This includes treating both physical and mental health needs, ensuring holistic care for their patients.
Official website here: www.lrhc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Lake Region Healthcare Corporation has achieved a high level of recognition with a Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. The organization scored 96% in these areas, indicating strong financial health and responsible governance practices. This rating is significant, as it demonstrates the charity's commitment to transparency and effective management of resources.
The organization boasts a robust governance structure, with a majority of independent board members and a comprehensive audit and oversight committee. Their financial practices are solid, with no reported material diversion of assets and a favorable liabilities to assets ratio. Additionally, policies such as conflict of interest, whistleblower protections, and document retention are all well established and publicly accessible.
While the organization shows commendable financial stewardship, the summary does not detail direct programmatic outcomes or community impact, which are also essential factors for potential donors. Overall, Lake Region Healthcare Corporation demonstrates a strong commitment to accountability, making it a trustworthy choice for contributors looking to support effective nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Region Healthcare Corporation legitimate?
Lake Region Healthcare Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Region Healthcare Corporation 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: $2,237,239
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,439,127
For more financial information, click here
Official website here: www.lrhc.org
What is the mission statement of Lake Region Healthcare Corporation?
Lake Region Healthcare Corporation is dedicated to enriching lives through health care services. As a not-for-profit organization, it provides comprehensive care by operating a 108-bed hospital with an acute unit and a psychiatric unit, along with multiple clinic sites. The corporation's mission extends beyond medical treatment, aiming to enhance overall well-being and improve the quality of life for those it serves. By partnering with the community, Lake Region Healthcare Corporation strives to deliver a continuum of care that addresses both physical and emotional needs. It is committed to fostering healthier communities and ensuring that everyone has access to the care they need to live their best lives.
Official website here: www.lrhc.org
Who is the CEO of Lake Region Healthcare Corporation?
Kent Mattson is the CEO of Lake Region Healthcare Corporation The CEO's salary of Lake Region Healthcare Corporation is $510,000 and their total compensation is $649,482.
Official website here: www.lrhc.org
What is the revenue of Lake Region Healthcare Corporation?
Lake Region Healthcare Corporation's revenue in 2023 was $149,508,147.
Official website here: www.lrhc.org
Who are the executives of Lake Region Healthcare Corporation and what are their salaries?
The average compensation at Lake Region Healthcare Corporation during 2023 was $49,670. There are 980 employees and 32 volunteers at Lake Region Healthcare Corporation.
Here are 28 key members and their salaries (Lake Region Healthcare Corporation's CEO's salary is $510,000 and their total compensation is $649,482):
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- Compensation: $288,269
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- Other: $12,693
- Compensation: $510,000
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- Other: $139,482
- Compensation: $531,347
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- Compensation: $129,539
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- Compensation: $164,448
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- Other: $15,630
- Compensation: $289,613
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- Other: $9,172
- Compensation: $704,901
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- Other: $9,618
- Compensation: $282,762
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- Other: $14,609
- Compensation: $280,586
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- Other: $14,609
- Compensation: $308,515
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- Other: $15,033
Official website here: www.lrhc.org
Where can I find the form 990 for Lake Region Healthcare Corporation?
Lake Region Healthcare Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lrhc.org
Learn more at the official website: www.lrhc.org
Mission Statement of Lake Region Healthcare Corporation
Lake Region Healthcare Corporation, a not-for-profit organization, is dedicated to enriching lives through health. This mission-driven entity provides comprehensive health care services, operating a full-service hospital with a 94-bed acute care unit, a 14-bed psychiatric unit, and numerous clinic sites. The Corporation's commitment to enhancing lives goes beyond medical treatment, ensuring a holistic approach to well-being.
Lake Region Healthcare Corporation's team of medical professionals and support staff work together to offer high-quality, compassionate care. Their services cater to a wide range of health concerns, from routine check-ups to complex medical conditions. Their facilities are designed to create a welcoming and healing environment, where patients can focus on their recovery.
Moreover, the Corporation demonstrates a deep commitment to mental health, with a dedicated psychiatric unit. This vital component allows for the treatment of mental health concerns alongside physical ones, recognizing the importance of addressing the whole person. By combining medical expertise, a caring approach, and a commitment to mental wellness, Lake Region Healthcare Corporation truly partners to enrich lives through health.
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Impact
October, 2024
Lake Region Healthcare Corporation plays a vital role in enhancing the health and well-being of the Fergus Falls community through a comprehensive range of medical services. Operating a 108-bed facility, which includes a 94-bed acute care hospital and a 14-bed psychiatric unit, it ensures access to essential healthcare for diverse patient needs.
The organization collaborates with various stakeholders to improve lives, offering not only emergency and inpatient care but also outpatient services and specialized clinics. By addressing both the physical and mental health needs of the community, Lake Region Healthcare contributes to the overall quality of life in the region. Their commitment to health equity and community wellness fosters a healthier environment for all residents, ultimately enhancing the resilience and vitality of the entire community.
This information is meant to be a general summary of Lake Region Healthcare Corporation. 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 2023.
- Investment Income: $1,905,050
- Program Service Revenue: $138,584,222
- Gross Receipts: $166,971,300
Assets and Liabilities:
- Total Assets: $165,940,026
- Total Liabilities: $53,897,891
- Net Assets: $112,042,135
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT CARE SERVICES
Revenue
$138,584,222
Organization Details
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