Sky Lakes Medical Center Inc

Organization Overview

Sky Lakes Medical Center Inc is located in Klamath Falls, OR. The organization was established in 1967. 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 09/2019, Sky Lakes Medical Center Inc employed 1,786 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2019, Sky Lakes Medical Center Inc generated $679.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $656.4m during the year ending 09/2019. While expenses have increased by 2.8% per year over the past 5 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.

Since 2015, Sky Lakes Medical Center Inc has awarded 47 individual grants totaling $1,562,262. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

SKY LAKES MEDICAL CENTER WILL CONTINUALLY STRIVE TO REDUCE THE BURDEN OF ILLNESS, INJURY AND DISABILITY, AND TO IMPROVE THE HEALTH, SELF- RELIANCE AND WELL-BEING OF THE PEOPLE WE SERVE. WE WILL DEMONSTRATE THAT WE ARE COMPETENT AND CARING IN ALL WE DO. WE SHALL ENDEAVOR TO BE SO SUCCESSFUL IN THIS EFFORT THAT WE WILL BECOME A PREEMINENT HEALTHCARE CENTER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PATIENT CARE EXPENSES - ACUTE INPATIENT CARE FOR ADULT AND PEDIATRIC PATIENTS; A LEVEL III TRAUMA EMERGENCY DEPARTMENT; SERVICES RELATED TO CHILD ABUSE, HOME CARE, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES; A CANCER TREATMENT CENTER WITH BOTH MEDICAL AND RADIATION ONCOLOGY; AND DIAGNOSTIC TESTING (LABORATORY AND DIAGNOSTIC IMAGING) AVAILABILITY IN SETTINGS AROUND THE COMMUNITY.


UNCOMPENSATED CARE - DURING FISCAL YEAR 2019, CHARGES WRITTEN OFF UNDER OUR BROAD-REACHING CHARITY CARE POLICY TOTALED $11,530,369. IN ADDITION TO CHARITY CARE WRITE OFFS, CHARGES WRITTEN OFF AS BAD DEBT TOTALED $7,964,416. AS A PERCENTAGE OF CHARGES, FISCAL YEAR 2019 WRITE OFFS REPRESENT 1.7% (CHARITY CARE) AND 1.2% (BAD DEBT), RESPECTIVELY.


EDUCATIONAL SUPPORT - SKY LAKES MEDICAL CENTER COMMITS SIGNIFICANT DOLLARS AND HOURS TO BENEFIT EDUCATIONAL EFFORTS IN AND FOR THE COMMUNITY. AMONG THOSE COMMITMENTS ARE THE FOLLOWING: OREGON HEALTH & SCIENCE UNIVERSITY AFFILIATED FAMILY PRACTICE RESIDENCY PROGRAM AND CLINIC; AN RN I TRAINING PROGRAM TO INCLUDE 6 MONTHS OF ONE-ON-ONE SUPERVISED ORIENTATION TO THE INPATIENT CARE AREAS; AWARDING OF SCHOLARSHIPS TO COMMUNITY MEMBERS AND/OR EMPLOYEES IN HEALTHCARE- RELATED PROGRAMS; A HOSPITAL DEPARTMENT, LEARNING RESOURCES, DEDICATED TO THE EDUCATION OF PHYSICIANS, EMPLOYEES AND COMMUNITY MEMBERS; COMMITMENT TO EMPLOYEES ACTING, EITHER FULL-TIME OR PART-TIME, AS INSTRUCTORS IN ACCREDITED COURSES AT THE HIGH SCHOOL, COMMUNITY COLLEGE OR UNIVERSITY LEVEL; STIPEND PAYMENTS TO STUDENTS PERFORMING WORK AND/OR ON-THE-JOB TRAINING WITHIN THE HOSPITAL SETTING; TUITION REIMBURSEMENTS PAID TO EMPLOYEES ENROLLED IN COLLEGE-LEVEL COURSEWORK; JOINT PARTICIPATION IN A SIMULATION LABORATORY WITH OIT; FREE OR MINIMAL COST COMMUNITY EDUCATIONAL OPPORTUNITIES SUCH AS DIABETES EDUCATION, NUTRITION AND OTHER EDUCATION PROGRAMS IN OR FOR THE SCHOOLS; AND HEALTH FAIRS.


EXPENSES RELATED TO MEDICAL CENTER SUPPORTING SERVICES SUCH AS ADMINISTRATION, INFORMATION SYSTEMS, FINANCIAL SERVICES, REVENUE CYCLE PROCESSES, HUMAN RESOURCES, ENGINEERING, ENVIRONMENTAL SERVICES, RISK MANAGEMENT, AND SAFETY AND SECURITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Walsh Construction Cooregon
Construction
$21,903,045
Klamath Radiology Associates
Physician Practice
$4,115,190
Edward Scott Hudson
Staffing Services
$2,533,208
Medical Solutions
Staffing Services
$2,142,168
Klamath Orthopedic Clinic
Physician Practice
$8,555,378
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,205,100
Investment income $4,716,967
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$56,220
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $7,572,428
Miscellaneous Revenue$0
Total Revenue $679,891,837

Grants Awarded

Over the last fiscal year, Sky Lakes Medical Center Inc has awarded $139,065 in support to 14 organizations.

Grant RecipientAmount

KLAMATH COUNTY SCHOOL DISTRICT

PURPOSE: HOSA PROGRAM ASSISTANCE

$21,500

KLAMATH COMMUNITY FOUNDATION

Org PageRecipient Profile

Klamath Falls, OR

PURPOSE: SOFTWARE

$19,000

KLAMATH PUBLIC SAFETY PAC

PURPOSE: COMMUNITY BENEFIT

$17,000

CITY OF KLAMATH FALLS

PURPOSE: CHILDREN'S SWIM PROGRAM

$12,390

KLAMATH LAKE COUNTIES FOOD BANK

Org PageRecipient Profile

Klamath Falls, OR

PURPOSE: FEED THE HUNGRY

$10,805

KLAMATH ICE SPORTS INC

Org PageRecipient Profile

Klamath Falls, OR

PURPOSE: BUILDING CAMPAIGN

$10,070
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Sky Lakes Medical Center Inc has recieved totaling $871,642.

Awarding OrganizationAmount
$840,644
National Childrens Alliance Inc

Washington, DC

PURPOSE: MEDICAL EQUIPMENT STIPEND

$15,499
National Childrens Alliance Inc

Washington, DC

PURPOSE: MEDICAL EQUIPMENT STIPEND

$15,499
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,337,398
Earnings$237,779
Net Contributions$33,078
Other Expense$184
Grants$40,455
Ending Balance$4,567,616

Peer Organizations

Organization NameAssets
Renown Regional Medical Center
Reno, NV
$918,236,960
Asante
Medford, OR
$928,596,728
St Charles Health System Inc
Bend, OR
$1,002,139,054
Eisenhower Medical Center
Rancho Mirage, CA
$887,259,076
Grossmont Hospital Corporation
San Diego, CA
$859,537,675
Santa Barbara Cottage Hospital
Santa Barbara, CA
$837,598,218
Pasadena Hospital Association Ltd
Pasadena, CA
$694,154,841
Torrance Memorial Medical Center
Torrance, CA
$710,062,691
Saint Alphonsus Regional Medical Center Inc
Boise, ID
$700,793,976
Enloe Medical Center
Chico, CA
$675,267,384
St Jude Hospital
Renton, WA
$703,505,681
Sky Lakes Medical Center Inc
Klamath Falls, OR
$679,891,837

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