Lakeview Medical Center Inc Of Rice Lake
- Assets
- $100.2m
- Revenue
- $152.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Rice Lake, WI
- Founding
- 04/1976
- Data as of
- 12/2023
- EIN
- 39-0837206
Organization Overview
Lakeview Medical Center Inc Of Rice Lake, operating under the name Marshfield Medical Center-Rice Lake, is located in Rice Lake, WI. The organization was established in 1976. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshfield Medical Center-Rice Lake 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 12/2023, Marshfield Medical Center-Rice Lake generated $152.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $147.6m during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 9 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 ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKEVIEW MEDICAL CENTER INC. OF RICE LAKE IS A NOT-FOR-PROFIT 40-BED COMMUNITY HOSPITAL LOCATED IN RICE LAKE, WISCONSIN THAT PROVIDES MEDICAL, SURGICAL, EMERGENCY, OUTPATIENT, DIALYSIS, AMBULANCE, ONCOLOGY, HOSPICE AND HOME HEALTH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bradley Vice Chair | OfficerTrustee | 1 | $0 |
Ruwan Dissanayake MD Secretary - Part Year | OfficerTrustee | 1 | $0 |
Mark Bugher Chair - Part Year | OfficerTrustee | 1 | $0 |
Colleen Hoerneman Chair | OfficerTrustee | 1 | $0 |
William Melms MD Board Member/mchs Cmo - Part Year | Trustee | 1 | $0 |
Samantha Klebe DO Board Member/mchs Cmo | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Healthcare Food And Environmental | 12/30/23 | $1,797,052 |
Crothall Healthcare Inc Food And Environmental | 12/30/23 | $1,526,105 |
Vaya Workforce Solutions Llc Professional Services | 12/30/23 | $2,033,210 |
Medical Staffing Solutions Inc Professional Services | 12/30/23 | $997,149 |
Steris Corp Construction Services | 12/30/23 | $702,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,618 |
| Government grants | $4,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,616 |
| Total Program Service Revenue | $152,615,794 |
| Investment income | $3,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,668 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,630,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $51,877,858 |
| Pension plan accruals and contributions | $1,396,853 |
| Other employee benefits | $7,735,914 |
| Payroll taxes | $2,907,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,221,546 |
| Advertising and promotion | $1,972 |
| Office expenses | $1,147,312 |
| Information technology | $123,992 |
| Royalties | $0 |
| Occupancy | $2,037,530 |
| Travel | $456,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,199,715 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,684,519 |
| Insurance | $0 |
| All other expenses | $1,017,843 |
| Total functional expenses | $147,611,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,344 |
| Accounts receivable, net | $33,936,520 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,491,451 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $63,671,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,922 |
| Total assets | $100,153,915 |
| Accounts payable and accrued expenses | $13,498,726 |
| Grants payable | $0 |
| Deferred revenue | -$7,716 |
| 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 | $26,548,194 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,914 |
| Total liabilities | $40,057,118 |
| Net assets without donor restrictions | $60,096,797 |
| 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 | $100,153,915 |