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 09/2021, Sky Lakes Medical Center Inc employed 1,837 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sky Lakes Medical Center Inc 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 09/2020, Sky Lakes Medical Center Inc generated $668.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $646.3m during the year ending 09/2020. While expenses have increased by 2.1% 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.

Since 2015, Sky Lakes Medical Center Inc has awarded 59 individual grants totaling $1,664,675. 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

2020

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 - 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 - CHARGES WRITTEN OFF UNDER OUR BROAD-REACHING CHARITY CARE POLICY TOTALED $8,499,500 (1.2% OF CHARGES). IN ADDITION TO CHARITY CARE WRITEOFFS, CHARGES WRITTEN OFF AS BAD DEBT TOTALED $8,332,601 (1.2% OF CHARGES).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.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Stewart
President/ceo
$931,799
Fred Naraghi
Medical Provider
$783,456
Stanton Smith
Medical Provider
$695,924
Jared Ogao
Medical Provider
$657,738
Richard Rico
Vp/cfo
$639,032
Marc Orlando
Medical Provider
$607,068

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Klamath Orthopedic Clinic
Physician Practice
$13,701,249
Edward Scott Hudson
Staffing Services
$7,379,397
Klamath Radiology Associates
Physician Practice
$7,041,654
Medical Solutions
Staffing Services
$4,177,990
Klamath Elite Anesthesia Group
Physician Practice
$1,450,960
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,163,485
Investment income $3,209,617
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$128,694
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 $6,761,161
Miscellaneous Revenue$0
Total Revenue $667,970,427

Grants Awarded

Over the last fiscal year, Sky Lakes Medical Center Inc has awarded $28,333 in support to 2 organizations.

Grant RecipientAmount

KLAMATH COUNTY SCHOOL DISTRICT

PURPOSE: HOSA PROGRAM ASSISTANCE

$20,000

CONDUENT HCI

PURPOSE: HEALTHY KLAMATH

$8,333
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Sky Lakes Medical Center Inc has recieved totaling $625,160.

Awarding OrganizationAmount
Murphy Family Foundation

Wilmington, DE

PURPOSE: SCHOLARSHIPS FUND FOR SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, AND MEDICINE

$500,000
Roots And Wings Foundation Inc

Seattle, WA

PURPOSE: STRONG KIDS, COMMUNITIES, AND MINDS

$125,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$160
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,079,505
Earnings$1,757,202
Net Contributions$220,491
Other Expense$37,111
Grants$39,000
Ending Balance$6,981,087

Peer Organizations

Organization NameAssets
Asante
Medford, OR
$1,067,000,527
Grossmont Hospital Corporation
San Diego, CA
$963,761,157
Renown Regional Medical Center
Reno, NV
$918,236,960
Eisenhower Medical Center
Rancho Mirage, CA
$887,259,076
Santa Barbara Cottage Hospital
Santa Barbara, CA
$820,638,690
Kadlec Regional Medical Center
Renton, WA
$828,794,927
St Jude Hospital
Renton, WA
$791,383,557
Pasadena Hospital Association Ltd
Pasadena, CA
$740,897,251
Enloe Medical Center
Chico, CA
$814,037,880
Torrance Memorial Medical Center
Torrance, CA
$749,888,639
Saint Alphonsus Regional Medical Center Inc
Boise, ID
$796,092,917
Pomona Valley Hospital Medical Center
Pomona, CA
$699,695,626

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