Sky Lakes Medical Center Inc
95% goes to programs $0 to raise $100 Growing revenue
Sky Lakes Medical Center Inc is a 501(c)(3) organization based in Klamath Falls, Oregon, registered in 1967, with $922,945,437 in FY2023 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
2865 Daggett Ave, Klamath Falls, OR, 97601 EIN 93-0508781 Since 1967
Revenue (FY2023)
$922.9M
▲ 4.0% vs prior year
Health median: $840K
Expenses (FY2023)
$916.1M
Net assets
$365.6M
Employees
1,990
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% 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 Sky Lakes Medical Center Inc: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +1% 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 Sky Lakes Medical Center Inc: 5 mo reserves · +1% 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 Sky Lakes Medical Center Inc: 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 Sky Lakes Medical Center Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Sky lakes medical center will continually strive to reduce the burden of illness, injury and disability, and to improve the health, self- reliance and well-being of the people we serve. we will demonstrate that we are competent and caring in all we do. we shall endeavor to be so successful in this effort that we will become a preeminent healthcare center.
What they do
Uncompensated care - during fiscal year 2020, charges written off under our broad-reaching charity care policy totaled $8,936,275. in addition to charity care write offs, charges written off as bad debt totaled $7,302,584. as a percentage of charges, fiscal year 2020 write offs represent 1.4% (charity care) and 1.1% (bad debt), respectively.
Educational support - sky lakes medical center commits significant dollars and hours to benefit educational efforts in and for the community. among those commitments are the following: oregon health & science university affiliated family practice residency program and clinic; an rn i training program to include 6 months of one-on-one supervised orientation to the inpatient care areas; awarding of scholarships to community members and/or employees in healthcare- related programs; a hospital department, learning resources, dedicated to the education of physicians, employees and community members; commitment to employees acting, either full-time or part-time, as instructors in accredited courses at the high school, community college or university level; stipend payments to students performing work and/or on-the-job training within the hospital setting; tuition reimbursements paid to employees enrolled in college-level coursework; joint participation in a simulation laboratory with oit; free or minimal cost community educational opportunities such as diabetes education, nutrition and other education programs in or for the schools; and health fairs.
Expenses related to medical center supporting services such as administration, information systems, financial services, revenue cycle processes, human resources, engineering, environmental services, risk management, and safety and security.
Contact & location
- Address
- 2865 Daggett Ave, Klamath Falls, OR, 97601
- City
- Klamath Falls
- State
- Oregon
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $510.9M (FY2013) to $922.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $113.1MNet assets $365.6M
Operating margin
0.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$478.7M
Total liabilities
$113.1M
Net assets
$365.6M
Salaries & benefits
$180.7M
20% of expenses
Board members
8
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $922,945,437▲4.0% | $916,088,802▲3.5% | $365,610,123▲5.1% | $478,660,589▲1.2% | 990 |
| 2022 | $887,158,128▲5.8% | $885,373,256▲7.6% | $347,706,062▲1.7% | $473,045,212▲3.3% | 990 |
| 2021 | $838,214,455▲14.8% | $822,886,763▲13.9% | $341,953,366▲5.1% | $457,933,824▼5.6% | 990 |
| 2020 | $730,315,098▲9.3% | $722,612,979▲11.8% | $325,354,570▲4.7% | $484,927,036▲5.5% | 990 |
| 2019 | $667,970,427▼1.8% | $646,340,655▼1.5% | $310,742,117▲8.4% | $459,854,725▲10.3% | 990 |
| 2018 | $679,891,837▲5.1% | $656,398,667▲4.4% | $286,792,158▲10.5% | $416,863,008▲9.9% | 990 |
| 2017 | $646,876,631▲3.2% | $628,664,655▲2.7% | $259,509,673▲9.0% | $379,169,745▲7.7% | 990 |
| 2016 | $626,999,078▲4.5% | $612,370,171▲7.4% | $238,100,836▲7.6% | $352,003,938▲5.3% | 990 |
| 2015 | $600,078,832▲9.8% | $570,394,814▲10.2% | $221,345,733▲15.7% | $334,383,334▲16.4% | 990 |
| 2014 | $546,332,326▲6.9% | $517,688,359▲6.0% | $191,290,091▲17.1% | $287,290,341▲21.1% | 990 |
| 2013 | $510,917,619 | $488,333,644▲12.8% | $163,340,683▲16.0% | $237,247,168▲9.4% | 990 |
| 2012 | — | $432,867,990▲15.3% | $140,776,629▲12.4% | $216,824,030▲11.2% | 990 |
| 2011 | — | $375,322,893▲9.9% | $125,217,222▲16.4% | $194,957,124▲11.1% | 990 |
| 2010 | — | $341,657,351▲11.8% | $107,610,126▲15.4% | $175,539,803▲11.1% | 990 |
| 2009 | — | $305,652,640 | $93,217,569 | $158,047,175 | 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: Naraghi Fred F — $1,098,559 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Naraghi Fred F | Medical Provider | 40 | $1,098,559 |
| Kubac George | Medical Provider | 40 | $807,330 |
| Ogao Jared | Medical Provider | 40 | $674,315 |
| Hassan Amr | Medical Provider | 40 | $666,739 |
| Smith Stanton T | Medical Provider | 40 | $639,388 |
| Cauble David A | President & Ceo | 40 | $607,563 |
| Rico Richard E | Vp & Cfo | 40 | $551,633 |
| G Scott Mccreadie Md | Board Member, Medical Director | 40 | $489,424 |
| Stewart Paul | Former Ceo | 40 | $274,395 |
| David Stork | Board Member | 1 | — |
| Douglas Mcinnis Dvm | Board Member | 1 | — |
| Heidi Neel Biggs | Board Member | 1 | — |
| John Bell | Chairman | 3 | — |
| Radu Moisa | Board Member | 1 | — |
| Rod Wendt | Vice Chairman | 1 | — |
| Wendy Warren Md | Board Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Klamath Orthopedic Clinic | Physician Practice | $11,479,928 |
| Edward Scott Hudson | Staffing Services | $9,531,897 |
| Medical Solutions | Staffing Services | $5,794,736 |
| Klamath Radiology Associates | Physician Practice | $5,526,044 |
| Modoc Contracting Company Inc | Construction | $5,018,184 |
Grants received · $5.1M total
6 grants to Sky Lakes Medical Center Inc totaling $5.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Oregon Health and Science University Foundation | Public health | 2021 | $107,926 |
| Sky Lakes Medical Center Inc | Foundation support | 2021 | $60,000 |
| Oregon Health and Science University Foundation | Public health | 2021 | $14,950 |
| Oregon Health and Science University Foundation | Research | 2020 | $4,017,019 |
| Oregon Health and Science University Foundation | Research | 2019 | $840,644 |
| Oregon Community Foundation | Health care | 2014 | $52,000 |
Grants made · $145K in FY2023
7 grants totaling $145K in FY2023. All grants made by Sky Lakes Medical Center Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of the Klamath Basin | Community sponsorship | $50,000 |
| Oregon Institute of Technology | Respiratory care equipment | $37,500 |
| City of Klamath Falls | 11th street park maintanence & everyone swims program | $21,548 |
| Oregon Tech Foundation Inc | Event sponsorship | $10,000 |
| Klamath & Lake Counties Council On Aging | Meals on wheels donation | $10,000 |
| Klamath County Fair | Fair sponsorship | $10,000 |
| Oregon Tech Athletic Department | Pink out advertising | $5,500 |
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Frequently asked questions
- Is Sky Lakes Medical Center Inc a legitimate nonprofit?
- Yes. Sky Lakes Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 93-0508781, based in Klamath Falls, Oregon. Donations are tax-deductible.
- What is Sky Lakes Medical Center Inc's EIN?
- Sky Lakes Medical Center Inc's Employer Identification Number (EIN) is 93-0508781.
- How much revenue does Sky Lakes Medical Center Inc report?
- Sky Lakes Medical Center Inc reported $922,945,437 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Sky Lakes Medical Center Inc's spending goes to programs?
- Sky Lakes Medical Center Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sky Lakes Medical Center Inc have?
- CharityIndex grades Sky Lakes Medical Center Inc A+, based on program efficiency and fundraising cost.
- How much does Sky Lakes Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Sky Lakes Medical Center Inc's latest Form 990 is $1,098,559, paid to Naraghi Fred F (Medical Provider).
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Data for Sky Lakes Medical Center Inc (EIN 93-0508781) 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.