Prairie Ridge Hospital And Health Services Inc
- Assets
- $30.3m
- Revenue
- $19.7m
- Investments
- $45.0k
- Employees
- 147
- Location
- Elbow Lake, MN
- Founding
- 04/1995
- Data as of
- 09/2023
- EIN
- 41-1763968
Organization Overview
Prairie Ridge Hospital And Health Services Inc, operating under the name Lake Region Healthcare, is located in Elbow Lake, MN. The organization was established in 1995. 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 09/2023, Lake Region Healthcare employed 147 individuals. This organization is the central organization for a national or regional group of organizations. Lake Region Healthcare 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 09/2023, Lake Region Healthcare generated $19.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $19.9m during the year ending 09/2023. While expenses have increased by 1.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PARTNER TO ENRICH LIFE THROUGH HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRAIRIE RIDGE HOSPITAL AND HEALTH SERVICES (PRHHS) MAINTAINS AND OPERATES A HOSPITAL AND AMBULATORY OUTPATIENT FACILITY FOR THE CARE AND TREATMENT OF THE SICK, DISEASED, DISABLED, AGED, OR INDIGENT PERSONS AND PARTICIPATES IN VARIOUS ACTIVITIES TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY. PRHHS OPERATES VARIOUS PROVIDER-BASED CLINICS IN ELBOW LAKE, MORRIS, ASHBY, EVANSVILLE, HOFFMAN, A SEPARATE PHYSICIAN CLINIC IN HERMAN, AND A PROVIDER-BASED SURGERY DEPARTMENT IN MORRIS, MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Mcnamar Chair | OfficerTrustee | 1.5 | $660 |
Crystal Adams Director | Trustee | 1.5 | $660 |
Jeff Dreier Director | Trustee | 1.5 | $660 |
Jeanne Ennen Director | Trustee | 1.5 | $660 |
Richard Lambert Vice Chair/secretary | Trustee | 1.5 | $660 |
Dustin Sperr Chair | Trustee | 2.5 | $660 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lake Region Healthcare Corporation Professional/physician Services | 9/29/23 | $4,543,983 |
Sonrisa Medical Care Pa Physician Services | 9/29/23 | $511,917 |
Mckesson Drug Dc 8152 Medical Supplies | 9/29/23 | $557,854 |
West Central Internal Medicine Physician Services | 9/29/23 | $374,328 |
Midwest Surgicare Llc Surgical Services | 9/29/23 | $487,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $354,084 |
| All other contributions, gifts, grants, and similar amounts not included above | $544,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $898,146 |
| Total Program Service Revenue | $18,335,685 |
| Investment income | $197,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$83,980 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,665,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,380 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,298,575 |
| Pension plan accruals and contributions | $50,069 |
| Other employee benefits | $735,439 |
| Payroll taxes | $384,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,391 |
| Fees for services: Accounting | $99,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,112,755 |
| Advertising and promotion | $84,354 |
| Office expenses | $581,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $568,307 |
| Travel | $47,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $710,002 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,585,003 |
| Insurance | $126,468 |
| All other expenses | $523,208 |
| Total functional expenses | $19,870,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,174,292 |
| Savings and temporary cash investments | $371,227 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,562,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $251,028 |
| Prepaid expenses and deferred charges | $99,937 |
| Net Land, buildings, and equipment | $14,999,442 |
| Investments—publicly traded securities | $2,784,994 |
| Investments—other securities | $44,985 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,979,546 |
| Total assets | $30,267,986 |
| Accounts payable and accrued expenses | $1,868,862 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,188,761 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $365,593 |
| Total liabilities | $21,423,216 |
| Net assets without donor restrictions | $8,514,684 |
| Net assets with donor restrictions | $330,086 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,267,986 |