Lifecare Medical Center
- Assets
- $99.1m
- Revenue
- $64.5m
- Investments
- $0.0
- Employees
- 538
- Location
- Roseau, MN
- Founding
- 07/1995
- Data as of
- 09/2021
- EIN
- 41-1804205
Organization Overview
Lifecare Medical Center is located in Roseau, 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 09/2021, Lifecare Medical Center employed 538 individuals. This organization is the central organization for a national or regional group of organizations. Lifecare Medical Center 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 09/2021, Lifecare Medical Center generated $64.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $50.9m during the year ending 09/2021. While expenses have increased by 3.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFECARE MEDICAL CENTER OPERATES A 25-BED CRITICAL ACCESS HOSPITAL, INCLUDING A 50-BED NURSING FACILITY, HOME HEALTH, HOSPICE, AND PUBLIC HEALTH IN ROSEAU, MINNESOTA. THE ORGANIZATION ALSO OPERATES A 40-BED NURSING HOME AND 12 APARTMENTS OF ASSISTED LIVING IN GREENBUSH, MINNESOTA. THE PURPOSE OF THE ORGANIZATION IS TO OWN, MAINTAIN, AND OPERATE A HOSPITAL, AND NURSING HOME AND TO FURNISH MEDICAL AND SURGICAL CARE TO THE SICK, INFIRMED, OR INJURED.ACUTE CARE HOSPITAL (INPATIENT AND OUTPATIENT)INPATIENT DAYS: 3,016 (1,640 IP AND 1,376 SWB)SEE SCHEDULE O FOR CONTINUANCE:LONG TERM CARELIFECARE ROSEAU MANOR RESIDENT DAYS: 11,769LIFECARE GREENBUSH MANOR RESIDENT DAYS: 11,448HOME HEALTH/PUBLIC HEALTH VISITS: 6,662HOSPICE CLIENTS SERVED: 33TO FULFILL ITS MISSION OF COMMUNITY SERVICE, LIFECARE MEDICAL CENTER PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. THE AMOUNT OF CHARGES FOREGONE, BASED ON ESTABLISHED RATES, WAS $229,584 FOR THE YEAR ENDED SEPTEMBER 30, 2021.LIFECARE MEDICAL CENTER WAS SELECTED BY THE NATIONAL RURAL HEALTH ASSOCIATION'S RURAL HEALTH POLICY INSTITUTE, IVANTAGE HEALTH ANALYTICS AND THE CHARTIS CENTER FOR RURAL HEALTH AS ONE OF THE TOP 100 CRITICAL ACCESS HOSPITALS IN THE COUNTRY BASED ON QUALITY, CUSTOMER SURVEYS, AND FINANCIAL INDICATORS. WE ARE VERY PROUD OF OUR STAFF IN BEING SELECTED IN 2018, 2020, AND 2021 FOR THIS HONOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Okeson Ceo/president | Officer | 40 | $439,467 |
Andrew Matthews Emergency Medicine Physician | 40 | $383,710 | |
Cathy Huss CFO | Officer | 40 | $295,304 |
Shannon D Carlson COO | 40 | $214,160 | |
Nathan Brovold Chief Nursing Officer | 40 | $192,105 | |
Gordon Streiff Pharmacy Director | 40 | $189,375 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wapiti Media Group Limited Locum Physician Tenens | 9/29/21 | $1,591,220 |
Central Minnesota Diagnostic Imaging Services | 9/29/21 | $630,439 |
Shared Medical Technology Echo Cardio Services | 9/29/21 | $335,134 |
Catholic Health Initiatives Telepharmacy | 9/29/21 | $121,788 |
Mayo Collaborative Services Laboratory Services | 9/29/21 | $924,148 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,308,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,442,802 |
| Total Program Service Revenue | $53,236,012 |
| Investment income | $662,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,616 |
| Net Gain/Loss on Asset Sales | -$2,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,501,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $849,367 |
| Compensation of current officers, directors, key employees. | $849,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,774,044 |
| Pension plan accruals and contributions | $759,962 |
| Other employee benefits | $4,050,931 |
| Payroll taxes | $1,689,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,803 |
| Fees for services: Accounting | $65,049 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,878,329 |
| Advertising and promotion | $146,196 |
| Office expenses | $1,523,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $916,030 |
| Travel | $234,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,940 |
| Interest | $69,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,833,877 |
| Insurance | $219,747 |
| All other expenses | $440,488 |
| Total functional expenses | $50,893,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,072,996 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,043,860 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,699,624 |
| Prepaid expenses and deferred charges | $135,702 |
| Net Land, buildings, and equipment | $22,794,196 |
| Investments—publicly traded securities | $50,967,169 |
| Investments—other securities | $0 |
| Investments—program-related | $420,798 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,134,345 |
| Accounts payable and accrued expenses | $6,122,887 |
| Grants payable | $0 |
| Deferred revenue | $231,972 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $294,826 |
| 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 | $248,241 |
| Total liabilities | $6,897,926 |
| Net assets without donor restrictions | $92,236,419 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $99,134,345 |
Grants Awarded
Over the last fiscal year, Lifecare Medical Center has awarded $33,699 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROSEAU COUNTY PURPOSE: Valley Med Flight: pay for half of the expense to cover all costs not paid by insurance for each person that lives in Roseau County that needs to take a flight to another hospital. | $32,699 |
ROSEAU FIRE DEPARTMENT PURPOSE: General Support | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lifecare Medical Center has recieved totaling $48,762.
| Awarding Organization | Amount |
|---|---|
The Northwest Minnesota Foundation Bemidji, MN PURPOSE: GENERAL SUPPORT | $25,763 |
Minnesota Hospital Association St Paul, MN PURPOSE: SUMMER HEALTHCARE INTERNSHIP PROGRAM | $15,988 |
The Northwest Minnesota Foundation Bemidji, MN PURPOSE: GENERAL SUPPORT | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Avera Queen Of Peace Mitchell, SD | $173,794,004 | $133,877,982 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Winona Health Services Winona, MN | $149,374,764 | $114,059,975 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Door County Memorial Hospital Sturgeon Bay, WI | $145,062,000 | $121,509,372 |
Pella Regional Health Center Pella, IA | $175,318,188 | $109,674,630 |
Aurora Medical Center Bay Area Inc Milwaukee, WI | $215,907,747 | $109,452,768 |
Prairie Lakes Health Care System Inc Watertown, SD | $318,634,035 | $115,979,854 |
Memorial Medical Center Inc Ashland, WI | $199,460,507 | $111,327,895 |