Lake Regional Health System
- Assets
- $243.0m
- Revenue
- $176.3m
- Investments
- $4.1m
- Employees
- 1,639
- Location
- Osage Beach, MO
- Founding
- 02/1974
- Data as of
- 04/2020
- 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 04/2022, Lake Regional Health System employed 1,639 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 04/2020, Lake Regional Health System generated $176.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $189.3m during the year ending 04/2020. While expenses have increased by 2.3% per year over the past 6 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
2020
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 355,210 OUTPATIENT SERVICE VISITS. THE HOSPITAL PROVIDED COVID-19 TESTING AND IP TREATMENT SERVICES DURING ITS 2022 FISCAL YEAR.
LAKE REGIONAL HEALTH SYSTEM PROVIDES INPATIENT SERVICES TO THE COMMUNITY AND SURROUNDING RURAL AREAS. THE HOSPITAL PROVIDED 20,226 INPATIENT DAYS, 2,711 SKILLED NURSING FACILITY INPATIENT DAYS AND 997 NURSERY PATIENT DAYS FOR A TOTAL OF 23,934 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 36,022 VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harbaksh Sangha Physician | 40 | $928,611 | |
Dane Henry CEO | Officer | 40 | $813,641 |
Kevin Mcroberts Senior VP Of Operations | Officer | 40 | $607,420 |
Margaret Coplin Physician | 40 | $590,341 | |
Patrick O'neil Physician | 40 | $475,968 | |
Henry Zeisel CFO | Officer | 40 | $451,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Corpation Dietary | 4/29/22 | $2,126,847 |
Wyrick Mechanical Llc Repairs | 4/29/22 | $1,296,028 |
R3 Dynamics Collection | 4/29/22 | $1,174,912 |
Forvis Professional Service | 4/29/22 | $631,448 |
Shahbaz Riaz Contract Labor | 4/29/22 | $504,144 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,642 |
| Investment income | $3,114,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $118,281 |
| Net Gain/Loss on Asset Sales | $3,471,718 |
| Net Income from Fundraising Events | $59,175 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,325,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $96,432 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,755,986 |
| Compensation to disqualified persons | $150,756 |
| Other salaries and wages | $66,992,408 |
| Pension plan accruals and contributions | $2,275,411 |
| Other employee benefits | $9,597,564 |
| Payroll taxes | $4,871,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $320,439 |
| Fees for services: Accounting | $367,432 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $203,531 |
| Fees for services: Other | $30,343,408 |
| Advertising and promotion | $90,026 |
| Office expenses | $9,522,959 |
| Information technology | $45,524 |
| Royalties | $0 |
| Occupancy | $3,174,557 |
| Travel | $455,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140,932 |
| Interest | $1,827,723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,596,103 |
| Insurance | $1,671,451 |
| All other expenses | $0 |
| Total functional expenses | $189,287,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,973 |
| Savings and temporary cash investments | $40,683,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,143,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,220,343 |
| Prepaid expenses and deferred charges | $2,998,891 |
| Investments—publicly traded securities | $89,680,520 |
| Investments—other securities | $4,138,036 |
| Investments—program-related | $0 |
| Intangible assets | $5,446,360 |
| Other assets | $15,870,453 |
| Total assets | $242,984,688 |
| Accounts payable and accrued expenses | $17,678,515 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $38,799,281 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,158,980 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,758,111 |
| Total liabilities | $99,394,887 |
| 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 | $143,589,801 |
Grants Awarded
Over the last fiscal year, Lake Regional Health System has awarded $20,634 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Jefferson City, MO PURPOSE: FUND | $11,922 |
CAMDENTON R-III SCHOOL DISTRICT PURPOSE: CLASSROOM IMPACT GRANTS | $8,712 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lake Regional Health System has recieved totaling $27,500.
| Awarding Organization | Amount |
|---|---|
Bkd Foundation Springfield, MO PURPOSE: Capital Campaign | $15,000 |
Hospital Industry Data Institute Jefferson City, MO PURPOSE: See Part IV | $10,000 |
Willis M Hansen & Patricia A Hansen Charitable Foundation Lake Ozark, MO PURPOSE: PROVIDE SUPPORT FOR THE LAKE REGIONAL HEALTH SYSTEM | $2,500 |
Endowment Analysis
| Beg. Balance | $954,750 |
| Earnings | $46,470 |
| Other Expense | $46,470 |
| Ending Balance | $954,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |