Overview

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Est.

1959

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Lakewood Health Center is a nonprofit organization dedicated to providing comprehensive hospital and health care services in a rural and isolated setting. With an operating budget of $20.2 million and total revenue of $18.3 million for the 2024 filing year, the center offers a continuum of care that includes physician clinic services, acute care, residential care, and long-term care. The organization does not rely on any single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. More information can be found on their website at www.chilakewoodhealth.com.

Mission Statement

LAKEWOOD HEALTH CENTER IS A SMALL FACILITY LOCATED IN A RURAL AND ISOLATED SETTING, THE CONTINUUM OF CARE INCLUDES PHYSICIAN CLINIC, ACUTE CARE, RESIDENTIAL CARE, AND LONG TERM CARE.
Revenues
$18.3M
Expenses
$20.2M
Net Income:
-$1.9M
Assets
$9.1M
Liabilities
$2.1M
Net Assets:
+$7.1M
Operating Budget
$20.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$29.1K
Largest grant received
$29.1K
D
DR Justin Quo
Board Member
J
Jeffry Stampohar
Board Member
K
Kristi Bowman
Board Member

Frequently Asked Questions

What is LAKEWOOD HEALTH CENTER’s budget?
In 2024, LAKEWOOD HEALTH CENTER reported an annual operating budget of around $20.2 million. More detailed financial information is available to registered users.
What causes does LAKEWOOD HEALTH CENTER support?
LAKEWOOD HEALTH CENTER supports work in Health and Hospital care.
Where does LAKEWOOD HEALTH CENTER operate?
LAKEWOOD HEALTH CENTER is headquartered in Baudette, MN.
Who funded LAKEWOOD HEALTH CENTER recently?
In 2024, LAKEWOOD HEALTH CENTER received grants from LAKEWOOD REGIONAL HEALTHCARE FOUNDATION, LAKEWOOD REGIONAL HEALTHCARE FOUNDATION, and CHI HEALTH FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LAKEWOOD HEALTH CENTER received in 2024?
The largest grant to LAKEWOOD HEALTH CENTER in 2024 exceeds $29 thousand.
What is LAKEWOOD HEALTH CENTER’s reliance on government grants?
LAKEWOOD HEALTH CENTER relied on government grants for less than 5% of their total revenue in 2024.