Lakewood Health System
85% goes to programs $0 to raise $100 Strong reserves Growing revenue
Lakewood Health System is a 501(c)(3) organization based in Staples, Minnesota, registered in 1997, with $162,872,023 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
49725 County Road 83, Staples, MN, 56479 EIN 41-1842965 Since 1997
Revenue (FY2024)
$162.9M
▲ 10.0% vs prior year
Health median: $840K
Expenses (FY2024)
$160.3M
Net assets
$108.5M
Employees
1,126
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 rating85% 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 Lakewood Health System: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +2% 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 Lakewood Health System: 8 mo reserves · +2% 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 Lakewood Health System: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Lakewood Health System: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide quality, personalized healthcare for a lifetime.
What they do
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 combinations of health-related and supportive services for tenants. the organization provided for 27,999 resident days in the nursing home and 686 assisted living unit rented months.
Contact & location
- Address
- 49725 County Road 83, Staples, MN, 56479
- City
- Staples
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $95.6M (FY2013) to $162.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $98.3MNet assets $108.5M
Operating margin
1.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$206.8M
Total liabilities
$98.3M
Net assets
$108.5M
Salaries & benefits
$72.7M
45% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $162,872,023▲10.0% | $160,305,049▲10.8% | $108,510,503▲3.9% | $206,834,353▲27.0% | 990 |
| 2023 | $148,043,887▲8.6% | $144,660,160▲15.1% | $104,398,372▲7.3% | $162,825,284▼0.3% | 990 |
| 2022 | $136,356,446▲6.4% | $125,652,437▲3.8% | $97,293,238▲7.2% | $163,284,076▼4.6% | 990 |
| 2021 | $128,117,710▲11.4% | $121,003,565▲12.9% | $90,723,727▲14.3% | $171,246,695▲11.6% | 990 |
| 2020 | $115,022,151▲4.8% | $107,160,064▲0.9% | $79,371,081▲13.5% | $153,437,720▲20.4% | 990 |
| 2019 | $109,713,952▲2.8% | $106,207,463▲2.8% | $69,909,823▲7.3% | $127,472,858▲5.0% | 990 |
| 2018 | $106,695,322▼9.4% | $103,320,891▼0.5% | $65,172,259▲4.3% | $121,413,736▼0.9% | 990 |
| 2017 | $117,712,552▲18.5% | $103,862,818▲5.8% | $62,482,035▲28.2% | $122,483,716▲6.8% | 990 |
| 2016 | $99,376,767▲3.3% | $98,139,865▲5.8% | $48,732,324▲2.2% | $114,734,631▲24.8% | 990 |
| 2015 | $96,216,531▼6.3% | $92,731,154▲0.6% | $47,703,157▲7.9% | $91,949,596▼0.8% | 990 |
| 2014 | $102,736,516▲7.4% | $92,195,238▼1.8% | $44,217,780▲30.8% | $92,699,277▲11.5% | 990 |
| 2013 | $95,621,469 | $93,864,236▲5.9% | $33,813,102▲5.4% | $83,151,564▼2.3% | 990 |
| 2012 | — | $88,649,369▲7.1% | $32,092,157▲12.5% | $85,105,756▲3.1% | 990 |
| 2011 | — | $82,749,501▲2.3% | $28,524,372▲12.1% | $82,524,477▲6.6% | 990 |
| 2010 | — | $80,863,517 | $25,444,533 | $77,436,780 | 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: Lisa Bjerga — $612,785 (0.38% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lisa Bjerga | Ceo & President | 40 | $612,785 |
| Christine Albrecht | Chief Medical Officer | 40 | $563,235 |
| Scott Maney | Crna | 40 | $353,089 |
| Cody Crawford | Crna | 40 | $340,633 |
| Jason Alexander | Crna | 40 | $340,170 |
| Daniel Lund | Crna | 40 | $330,825 |
| Craig Wolhowe | Vp - Clinics & Medical Providers | 40 | $297,567 |
| Lynn Rice | Vp of Support Services | 40 | $286,187 |
| Joseph Reycraft | Cfo | 40 | $265,529 |
| Matthew Singh | Crna | 40 | $245,783 |
| Corrine Neisess | Vp of Nursing (thru 06/24) | 40 | $153,797 |
| Sarah Baumgartner | Vp of Nursing (as of 12/24) | 40 | $152,073 |
| Mary Theurer | Secretary | 1 | $3,172 |
| Curt Mcilravy | Chairman | 1 | $2,496 |
| Jef Cichos | Vice Chairman | 1 | $2,080 |
| Norman Krause | Treasurer | 1 | $1,976 |
| Robert Mueller | Board Member | 1 | $1,820 |
| Ryan Kray Md | Board Member (thru 06/24) | 1 | $936 |
| Kaitlyn Schoeck Md | Board Member | 1 | $676 |
| Stephanie Jordahl | Board Member (thru 06/24) | 1 | $624 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $227K total
11 grants to Lakewood Health System totaling $227K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| College of St Scholastica Inc | See part iv | 2023 | $6,956 |
| College of St Scholastica Inc | See part iv | 2022 | $11,042 |
| College of St Scholastica Inc | See part iv | 2021 | $14,024 |
| Charities Aid Foundation America | Charitable donation | 2020 | $12,500 |
| College of St Scholastica Inc | See part iv | 2019 | $11,072 |
| Ucare Minnesota | Food insecurity screen and interventions | 2018 | $47,820 |
| College of St Scholastica Inc | See part iv | 2018 | $35,271 |
| College of St Scholastica Inc | See part iv | 2015 | $21,317 |
| March of Dimes Inc | Pub & prof education | 2015 | $20,000 |
| College of St Scholastica Inc | See part iv | 2014 | $26,607 |
| March of Dimes Inc | Pub & prof education | 2014 | $20,000 |
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Compare Lakewood Health System
Frequently asked questions
- Is Lakewood Health System a legitimate nonprofit?
- Yes. Lakewood Health System is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1842965, based in Staples, Minnesota. Donations are tax-deductible.
- What is Lakewood Health System's EIN?
- Lakewood Health System's Employer Identification Number (EIN) is 41-1842965.
- How much revenue does Lakewood Health System report?
- Lakewood Health System reported $162,872,023 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lakewood Health System's spending goes to programs?
- Lakewood Health System spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lakewood Health System have?
- CharityIndex grades Lakewood Health System A, based on program efficiency and fundraising cost.
- How much does Lakewood Health System's highest-paid employee make?
- The highest reported compensation on Lakewood Health System's latest Form 990 is $612,785, paid to Lisa Bjerga (Ceo & President).
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Data for Lakewood Health System (EIN 41-1842965) 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.