Lake Pointe Operating Company LLC
86% goes to programs Strong reserves Growing revenue
Lake Pointe Operating Company LLC is a 501(c)(3) organization based in Dallas, Texas, registered in 2019, with $312,958,600 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
301 N Washington Ave, Dallas, TX, 75246 EIN 26-0194016 Since 2019
Revenue (FY2023)
$313.0M
▲ 13.6% vs prior year
Health median: $840K
Expenses (FY2023)
$242.3M
Net assets
$477.0M
Employees
1,249
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lake Pointe Operating Company LLC: 86% to programs earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lake Pointe Operating Company LLC: 24 mo reserves · +23% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lake Pointe Operating Company LLC: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lake Pointe Operating Company LLC: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Faith based acute care hospital providing exemplary patient care, medical education, medical research and commuity service to rowlett, texas; rockwall county, texas and the surrounding communities.
Contact & location
- Address
- 301 N Washington Ave, Dallas, TX, 75246
- City
- Dallas
- State
- Texas
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $181.3M (FY2019) to $313.0M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $56.0MNet assets $477.0M
Operating margin
22.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$532.9M
Total liabilities
$56.0M
Net assets
$477.0M
Salaries & benefits
$101.5M
42% of expenses
Board members
10
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $312,958,600▲13.6% | $242,253,041▲6.9% | $476,961,703▲18.6% | $532,914,796▲16.0% | 990 |
| 2022 | $275,404,576▲6.8% | $226,566,831▲8.7% | $402,121,719▲13.8% | $459,279,965▲12.1% | 990 |
| 2021 | $257,913,706▲16.9% | $208,396,238▲23.4% | $353,357,784▲11.0% | $409,613,860▲4.9% | 990 |
| 2020 | $220,582,851▲21.7% | $168,940,241▲3.1% | $318,472,838▲21.8% | $390,651,075▲15.3% | 990 |
| 2019 | $181,258,067 | $163,820,800 | $261,404,303 | $338,803,465 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Donas Cole — $730,022 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Donas Cole | President/ceo | 40 | $730,022 |
| Jared Wolf | Chief Medical Officer | 26 | $473,544 |
| Jennie Campbell | Vp Cfo | 40 | $294,001 |
| Tori Owens | Vp Coo | 40 | $293,226 |
| Amy Wilkins | Vp Cno | 40 | $247,209 |
| Princy Abraham Kureekattil | Rn | 40 | $190,411 |
| Jennifer Hoffman | Dir Nursing | 40 | $186,242 |
| James Sullivan | Dir Nursing | 51 | $183,501 |
| Jamie Hambrick | Dir Nursing | 40 | $182,674 |
| Negussu Legesse | Rn | 45 | $180,364 |
| Amy Wilson Md | Trustee | 1 | — |
| Dan Rich | Former Officer | 0 | — |
| Grant Teegarden | Secretary | 1 | — |
| Harry Neil Dugger | Trustee/chair | 1 | — |
| Jeffrey Schmeltekopf | Trustee | 1 | — |
| J Kent Newsom | Trustee | 1 | — |
| Lisa Hultz | Trustee | 1 | — |
| Marissa Hernandez | Trustee/vice Chair | 1 | — |
| Paul Madeley Md | Trustee | 1 | — |
| Rodrick Robinson | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Healthtexas Provider Network | Clinical/administrative Svcs | $10,907,869 |
| Aramark Services Inc | Engineering/food Services | $6,291,099 |
| Shiftwise Inc | Staffing Services | $3,214,634 |
| Christman Facility Solutions | Construction Services | $2,395,142 |
| Med Fusion LLC | Lab Services | $1,452,932 |
Grants received · $159K total
4 grants to Lake Pointe Operating Company LLC totaling $159K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Baylor Health Care System Foundation | Patient care, education | 2022 | $70,024 |
| Baylor Health Care System Foundation | Patient care, education | 2021 | $27,004 |
| Baylor Health Care System Foundation | Patient care, education | 2020 | $23,040 |
| Baylor Health Care System Foundation | Patient care, education | 2019 | $38,782 |
Grants made · $24K in FY2023
2 grants totaling $24K in FY2023. All grants made by Lake Pointe Operating Company LLC →
| Recipient | Purpose | Amount |
|---|---|---|
| Childrens Advocacy Center For Rockwall County | General support | $15,000 |
| Garland Isd Education Foundation | General support | $8,500 |
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Compare Lake Pointe Operating Company LLC
Frequently asked questions
- Is Lake Pointe Operating Company LLC a legitimate nonprofit?
- Yes. Lake Pointe Operating Company LLC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-0194016, based in Dallas, Texas. Donations are tax-deductible.
- What is Lake Pointe Operating Company LLC's EIN?
- Lake Pointe Operating Company LLC's Employer Identification Number (EIN) is 26-0194016.
- How much revenue does Lake Pointe Operating Company LLC report?
- Lake Pointe Operating Company LLC reported $312,958,600 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lake Pointe Operating Company LLC's spending goes to programs?
- Lake Pointe Operating Company LLC spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lake Pointe Operating Company LLC have?
- CharityIndex grades Lake Pointe Operating Company LLC A, based on program efficiency and fundraising cost.
- How much does Lake Pointe Operating Company LLC's highest-paid employee make?
- The highest reported compensation on Lake Pointe Operating Company LLC's latest Form 990 is $730,022, paid to Donas Cole (President/ceo).
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Data for Lake Pointe Operating Company LLC (EIN 26-0194016) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.