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Filing year 2023

LAKE REGION HEALTHCARE CORPORATION

Fergus Falls, Minnesota·EIN 41-0730602·NTEE E220 · Health Care·501(c)(3)
Total revenue
$168.5M
Total assets
$158.3M
Total expenses
$169.1M
Reported officers
29
Mission

WE PARTNER TO ENRICH LIFE THROUGH HEALTH.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Health Care organizations in Minnesota.

Plastic Surgeon
Highest Compensated Employee
Above 90th percentile
$1.2M
$1.4M
Base
$1.2M
Bonus
Other
Benefits
$13k
CEO
Above 90th percentile
$584k
$646k
Base
$381k
Bonus
$145k
Other
Benefits
$35k
CFO
Above 90th percentile
$527k
$582k
Base
$513k
Bonus
Other
Benefits
$14k
CRNA
Highest Compensated Employee
Median to 75th percentile
$330k
$365k
Base
$303k
Bonus
Other
Benefits
$27k
CRNA
Highest Compensated Employee
Median to 75th percentile
$328k
$362k
Base
$300k
Bonus
Other
Benefits
$27k
CRNA
Highest Compensated Employee
Median to 75th percentile
$322k
$356k
Base
$296k
Bonus
Other
Benefits
$26k
Cno
Officer (Unspecified)
$320k
$354k
Base
$299k
Bonus
Other
Benefits
$21k
CRNA
Highest Compensated Employee
Median to 75th percentile
$312k
$345k
Base
$299k
Bonus
Other
Benefits
$13k
VP of Ambulatory Services
Vice President
Median to 75th percentile
$223k
$246k
Base
$192k
Bonus
Other
Benefits
$31k
Administrator of Patient Care
Key Employee
25th percentile to median
$186k
$205k
Base
$161k
Bonus
Other
Benefits
$25k
VP of Ambulatory Services/care Center
Vice President
Median to 75th percentile
$178k
$196k
Base
$166k
Bonus
Other
Benefits
VP of Human Resources
Board Vice President
Median to 75th percentile
$176k
$195k
Base
$153k
Bonus
Other
Benefits
$24k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at LAKE REGION HEALTHCARE CORPORATION equaled 0.7% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2023)
0.7%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 71%
from 2022

From $715k in 2022 to $1.2M in 2023.

$715k
2022
$1.2M
2023
In today's dollarsEst.
Up 65% in real terms$819k to $1.4M

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 71% from 2022 to 2023, while revenue rose 13%.

$715k in 2022 to $1.2M in 2023.
  • Chief Executive Officer pay fell 10% from 2022 to 2023.
  • Chief Financial Officer pay fell 4% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about LAKE REGION HEALTHCARE CORPORATION

What does the Highest Compensated Employee of LAKE REGION HEALTHCARE CORPORATION earn?

In 2023, the Highest Compensated Employee of LAKE REGION HEALTHCARE CORPORATION received $1,224,240 in total compensation. This pay is in the top 10% for Highest Compensated Employee roles among Health Care organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at LAKE REGION HEALTHCARE CORPORATION compare with similar nonprofits?

Compared with the same role at Health Care organizations in Minnesota, the 2023 pay of the Highest Compensated Employee at LAKE REGION HEALTHCARE CORPORATION falls in the top 10%. In 2023, the highest total compensation at LAKE REGION HEALTHCARE CORPORATION equaled 0.7% of the organization's total expenses. The median for health care organizations is 4%.

What are LAKE REGION HEALTHCARE CORPORATION's revenue and expenses?

In 2023, LAKE REGION HEALTHCARE CORPORATION reported $168.5M in total revenue and $169.1M in total expenses on its IRS Form 990.

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