Lake Regional Health System
- Assets
- $256.4m
- Revenue
- $233.4m
- Investments
- $3.0m
- Employees
- 1,885
- Location
- Osage Beach, MO
- Founding
- 02/1974
- Data as of
- 04/2021
- EIN
- 23-7339737
Organization Overview
Lake Regional Health System is located in Osage Beach, MO. The organization was established in 1974. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 04/2023, Lake Regional Health System employed 1,885 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Regional Health System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2021, Lake Regional Health System generated $233.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $204.9m during the year ending 04/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAKE REGIONAL HEALTH SYSTEM PROVIDES AN EXTENSIVE VARIETY OF OUTPATIENT AND INPATIENT HEALTHCARE SERVICES AS WELL AS AN EMERGENCY DEPARTMENT TO RESIDENTS AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE REGIONAL HEALTH SYSTEM PROVIDES OUTPATIENT SERVICES SUCH AS DIAGNOSTIC IMAGING, LABORATORY AND PHYSICAL THERAPY SERVICES TO THE COMMUNITY AND SURROUNDING RURAL AREAS. THE HOSPITAL PROVIDED A TOTAL OF 372,932 OUTPATIENT SERVICE VISITS. THE HOSPITAL PROVIDED COVID-19 TESTING AND IP TREATMENT SERVICES DURING ITS 2023 FISCAL YEAR.
LAKE REGIONAL HEALTH SYSTEM PROVIDES INPATIENT SERVICES TO THE COMMUNITY AND SURROUNDING RURAL AREAS. THE HOSPITAL PROVIDED 18,677 INPATIENT DAYS, 2,329 SKILLED NURSING FACILITY INPATIENT DAYS AND 1,147 NURSERY PATIENT DAYS FOR A TOTAL OF 22,153 INPATIENT DAYS.
LAKE REGIONAL HEALTH SYSTEM'S EMERGENCY DEPARTMENT IS A LEVEL III TRAUMA CENTER (GRANTED THROUGH A SPECIAL STATE CREDENTIALING PROCESS REQUIRING EXTENSIVE EDUCATION AND SERVICE REVIEW) PROVIDING 24-HOUR EMERGENCY MEDICAL SERVICE TO A FIVE COUNTY AREA. THE UNIVERSITY OF MISSOURI STAFF FOR LIFE HELICOPTER IS BASED HERE. THE EMERGENCY DEPARTMENT PROVIDED 39,984 VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Byrne DO Board Member | Trustee | 1 | $0 |
Harbaksh Sangha Physician | 40 | $929,060 | |
John Patton Board Member Beg 07/22 | Trustee | 1 | $0 |
John Brand Physician | 40 | $643,359 | |
Josh Brickner DO Board Member End 10/22 | Trustee | 1 | $0 |
Patrick O'neil Physician | 40 | $559,866 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R3 Dynamics Collection | 4/29/23 | $1,308,059 |
Shabaz Riaz Contract Labor | 4/29/23 | $483,023 |
Armstrong Teasdale Llp Professional Fees | 4/29/23 | $473,760 |
Forvis Llp Professional Fees | 4/29/23 | $465,348 |
Ccs Salyer Llc Patient Care | 4/29/23 | $355,792 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,198,988 |
| Investment income | $956,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,783 |
| Net Gain/Loss on Asset Sales | $13,643,917 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,413,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $40,351 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,753,204 |
| Compensation to disqualified persons | $172,189 |
| Other salaries and wages | $70,889,815 |
| Pension plan accruals and contributions | $2,641,523 |
| Other employee benefits | $8,720,385 |
| Payroll taxes | $4,998,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $264,790 |
| Fees for services: Accounting | $226,598 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,710 |
| Fees for services: Other | $33,207,026 |
| Advertising and promotion | $35,094 |
| Office expenses | $13,151,072 |
| Information technology | $27,888 |
| Royalties | $0 |
| Occupancy | $3,020,634 |
| Travel | $320,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,399 |
| Interest | $1,384,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,213,231 |
| Insurance | $1,878,011 |
| All other expenses | $0 |
| Total functional expenses | $204,939,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,917 |
| Savings and temporary cash investments | $33,290,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,466,686 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,151,263 |
| Prepaid expenses and deferred charges | $3,638,272 |
| Investments—publicly traded securities | $109,329,033 |
| Investments—other securities | $2,985,026 |
| Investments—program-related | $0 |
| Intangible assets | $4,340,325 |
| Other assets | $2,754,429 |
| Total assets | $256,437,931 |
| Accounts payable and accrued expenses | $20,910,797 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $34,939,071 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $859,382 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,665,690 |
| Total liabilities | $84,374,940 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $172,062,991 |
Grants Awarded
Over the last fiscal year, Lake Regional Health System has awarded $20,634 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MHA CENTER FOR EDUCATION PURPOSE: FUND | $11,922 |
CAMDENTON R-III SCHOOL DISTRICT PURPOSE: CLASSROOM IMPACT GRANTS | $8,712 |