Lakeview Memorial Hospital Association Inc
90% goes to programs $0 to raise $100 Strong reserves Growing revenue
Lakeview Memorial Hospital Association Inc is a 501(c)(3) organization based in Stillwater, Minnesota, registered in 1962, with $192,857,499 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
927 Churchill St W, Stillwater, MN, 55082 EIN 41-0811697 Since 1962
Revenue (FY2024)
$192.9M
▲ 3.4% vs prior year
Health median: $840K
Expenses (FY2024)
$183.7M
Net assets
$126.3M
Employees
1,309
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 rating90% to programs · $0 to raise $100
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 Lakeview Memorial Hospital Association Inc: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +5% 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 Lakeview Memorial Hospital Association Inc: 8 mo reserves · +5% 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 Lakeview Memorial Hospital Association Inc: 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 Lakeview Memorial Hospital Association Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To meet the healthcare needs of individuals, families & communities of the st. croix valley.
Contact & location
- Address
- 927 Churchill St W, Stillwater, MN, 55082
- City
- Stillwater
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $93.7M (FY2013) to $192.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $21.0MNet assets $126.3M
Operating margin
4.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$147.3M
Total liabilities
$21.0M
Net assets
$126.3M
Salaries & benefits
$109.9M
60% of expenses
Board members
13
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $192,857,499▲3.4% | $183,659,668▲5.7% | $126,309,920▲13.9% | $147,309,789▲11.0% | 990 |
| 2023 | $186,536,777▲11.4% | $173,750,266▲8.0% | $110,927,453▲11.6% | $132,668,016▲11.4% | 990 |
| 2022 | $167,380,081▲1.6% | $160,867,696▲10.7% | $99,383,941▼5.1% | $119,076,419▼7.2% | 990 |
| 2021 | $164,702,873▲29.3% | $145,373,421▲20.3% | $104,757,146▲27.0% | $128,319,414▲14.0% | 990 |
| 2020 | $127,373,639▼8.1% | $120,826,528▼1.2% | $82,500,708▲3.3% | $112,606,795▲17.1% | 990 |
| 2019 | $138,581,328▲12.6% | $122,238,760▲7.1% | $79,887,638▲18.6% | $96,162,119▲13.8% | 990 |
| 2018 | $123,054,775▲3.3% | $114,152,074▲4.1% | $67,385,856▼3.7% | $84,532,275▼4.6% | 990 |
| 2017 | $119,144,993▲1.5% | $109,611,265▲8.2% | $69,996,287▲49.0% | $88,595,814▲34.2% | 990 |
| 2016 | $117,418,722▲14.4% | $101,330,318▲9.4% | $46,971,314▲33.6% | $65,996,525▲17.5% | 990 |
| 2015 | $102,633,797▲7.9% | $92,660,555▲3.7% | $35,157,391▲25.2% | $56,184,449▲15.0% | 990 |
| 2014 | $95,101,089▲1.5% | $89,386,206▲4.2% | $28,073,393▼29.1% | $48,852,437▼8.9% | 990 |
| 2013 | $93,662,020 | $85,791,267▲5.7% | $39,620,589▲38.2% | $53,602,402▲6.1% | 990 |
| 2012 | — | $81,173,529▼17.8% | $28,668,032▼25.0% | $50,509,386▼18.0% | 990 |
| 2009 | — | $98,801,606 | $38,234,649 | $61,623,717 | 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 (FY2024)
Highest-paid: Douglas E Johnson — $511,654 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Douglas E Johnson | Cfo Lhs (jan - June) | 0 | $511,654 |
| Michael D Weis | Manager Surgey Anesthesia | 40 | $311,017 |
| Justin R Cusick | Nurse Anesthetist | 40 | $273,036 |
| Emilienne Anderson | Vp Nursing Services & Cno | 0.5 | $258,660 |
| Michael S Kennedy | Nurse Anesthetist | 40 | $241,653 |
| Jason D Tauzell | Nurse Anesthetist | 40 | $239,632 |
| Adienne K Backus | Nurse Anesthetist | 40 | $235,857 |
| Brenda Hall | Vp Ancillary Services | 40 | $233,433 |
| Alita R Risinger | Director & Cfo (july - Dec) | 0.5 | — |
| Andrew E Dorwart Md | Former Smg President | 0 | — |
| Annie Jacobsen Md | Director | 0.5 | — |
| Brandi L Lunneborg | President | 0.5 | — |
| Brett C Haake Md | Director | 0.5 | — |
| Brian L Cress Md | Director | 0.5 | — |
| Elizabeth Bradshaw | Director | 0.58 | — |
| Jason Howard | Director | 0.58 | — |
| John Uppgren | Director | 0.58 | — |
| Khu Thao | Director | 0.58 | — |
| Matthew A Richie | Vp Smg (jan - Nov) | 0 | — |
| Michael Funk | Director | 0.58 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Healthsystems Coop Laundries | Laundry Services | $446,437 |
| Allina Health System | Medical Services | $439,455 |
| Interim Healthcare Staffing | Staffing | $164,164 |
| Midwest Urologic Stone Unit | Medical Services | $157,145 |
| Core Staffing | Staffing | $148,910 |
Grants received · $188K total
12 grants to Lakeview Memorial Hospital Association Inc totaling $188K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hennepin Healthcare System Inc | Emergency preparedness | 2024 | $5,959 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2023 | $54,861 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2022 | $8,559 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2022 | $8,559 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2021 | $15,202 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2020 | $22,131 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2019 | $10,333 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2018 | $19,682 |
| Hennepin Healthcare System Inc | Emergency preparedness | 2017 | $8,284 |
| Hennepin Healthcare System Inc | Emergency prep | 2016 | $15,360 |
| Hennepin Healthcare System Inc | Emergency prep | 2015 | $10,740 |
| Hennepin Healthcare System Inc | Emergency prep | 2014 | $8,357 |
Grants made · $100K in FY2024
1 grant totaling $100K in FY2024. All grants made by Lakeview Memorial Hospital Association Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Lakeview Health Foundation | Community support | $100,000 |
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Frequently asked questions
- Is Lakeview Memorial Hospital Association Inc a legitimate nonprofit?
- Yes. Lakeview Memorial Hospital Association Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-0811697, based in Stillwater, Minnesota. Donations are tax-deductible.
- What is Lakeview Memorial Hospital Association Inc's EIN?
- Lakeview Memorial Hospital Association Inc's Employer Identification Number (EIN) is 41-0811697.
- How much revenue does Lakeview Memorial Hospital Association Inc report?
- Lakeview Memorial Hospital Association Inc reported $192,857,499 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lakeview Memorial Hospital Association Inc's spending goes to programs?
- Lakeview Memorial Hospital Association Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lakeview Memorial Hospital Association Inc have?
- CharityIndex grades Lakeview Memorial Hospital Association Inc A, based on program efficiency and fundraising cost.
- How much does Lakeview Memorial Hospital Association Inc's highest-paid employee make?
- The highest reported compensation on Lakeview Memorial Hospital Association Inc's latest Form 990 is $511,654, paid to Douglas E Johnson (Cfo Lhs (jan - June)).
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Data for Lakeview Memorial Hospital Association Inc (EIN 41-0811697) 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.