Lakeland Hospitals At Niles And St Joseph Inc
- Assets
- $930.5m
- Revenue
- $126.3m
- Investments
- $0.0
- Employees
- 3,344
- Location
- Saint Joseph, MI
- Founding
- 04/2000
- Data as of
- 12/2019
- EIN
- 38-2156872
Organization Overview
Lakeland Hospitals At Niles And St Joseph Inc, operating under the name Lakeland Health, is located in Saint Joseph, MI. The organization was established in 2000. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Lakeland Health employed 3,344 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lakeland Health 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 12/2019, Lakeland Health generated $126.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $111.3m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (21.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH, INSPIRE HOPE AND SAVE LIVES.
Describe the Organization's Program Activity:
HOSPITAL SERVICES PROVIDED TO 14,453 INPATIENTS AND 467,643 OUTPATIENTS FOR FISCAL YEAR 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 20 | $3,169,131 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mall City Mechanical Inc Construction | 9/29/19 | $9,576,629 |
Smithgroup Jjr Inc Construction | 9/29/19 | $3,719,153 |
Epic Systems Corporation Electronic Health Record System | 9/29/19 | $2,896,816 |
Sunset Coast Anesthesia Associates Anesthesia Services | 9/29/19 | $2,542,474 |
Network Solutions Inc Computer Systems | 9/29/19 | $1,756,514 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,031 |
| Investment income | $4,814,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,857 |
| Net Gain/Loss on Asset Sales | $14,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,281,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,633,252 |
| Compensation to disqualified persons | $606,158 |
| Other salaries and wages | $38,101,634 |
| Pension plan accruals and contributions | $1,049,792 |
| Other employee benefits | $5,647,603 |
| Payroll taxes | $2,902,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,929 |
| Fees for services: Accounting | $28,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,500 |
| Fees for services: Other | $3,995,857 |
| Advertising and promotion | $178,904 |
| Office expenses | $6,892 |
| Information technology | $3,465,424 |
| Royalties | $0 |
| Occupancy | $2,251,490 |
| Travel | $348,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $368,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,162,389 |
| Insurance | $619,469 |
| All other expenses | $3,570,385 |
| Total functional expenses | $111,283,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,286,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,153,959 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,172,867 |
| Prepaid expenses and deferred charges | $8,271,439 |
| Investments—publicly traded securities | $442,418,910 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,620,289 |
| Total assets | $930,527,591 |
| Accounts payable and accrued expenses | $55,871,023 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $84,143,202 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,754,837 |
| Total liabilities | $191,769,062 |
| Net assets without donor restrictions | $736,825,153 |
| Net assets with donor restrictions | $1,933,376 |
| 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 | $738,758,529 |