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Filing year 2024

LAKEWOOD HEALTH SYSTEM

Staples, Minnesota·EIN 41-1842965·NTEE E21Z · Health Care·501(c)(3)
Total revenue
$162.9M
Total assets
$206.8M
Total expenses
$160.3M
Reported officers
25
Mission

THE MISSION OF LAKEWOOD HEALTH SYSTEM IS TO PROVIDE QUALITY, PERSONALIZED HEALTHCARE FOR A LIFETIME.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 25 reported individuals · Filing year 2024

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

CEO & President
Above 90th percentile
$649k
$698k
Base
$442k
Bonus
$73k
Other
$98k
Benefits
$29k
Chief Medical Officer
Officer (Unspecified)
$563k
$606k
Base
$563k
Bonus
Other
Benefits
CRNA
Highest Compensated Employee
Median to 75th percentile
$396k
$425k
Base
$335k
Bonus
$5k
Other
Benefits
$45k
CRNA
Highest Compensated Employee
Median to 75th percentile
$392k
$422k
Base
$353k
Bonus
$500
Other
Benefits
$31k
CRNA
Highest Compensated Employee
Median to 75th percentile
$380k
$408k
Base
$330k
Bonus
$500
Other
$25
Benefits
$39k
CRNA
Highest Compensated Employee
Median to 75th percentile
$367k
$394k
Base
$340k
Bonus
$490
Other
$100
Benefits
$24k
VP - Clinics & Medical Providers
Board Vice President
75th to 90th percentile
$343k
$369k
Base
$277k
Bonus
$20k
Other
$562
Benefits
$40k
VP of Support Services
Board Vice President
75th to 90th percentile
$308k
$332k
Base
$267k
Bonus
$19k
Other
$145
Benefits
$14k
CFO
75th to 90th percentile
$282k
$303k
Base
$248k
Bonus
$17k
Other
$164
Benefits
$13k
CRNA
Highest Compensated Employee
Median to 75th percentile
$281k
$302k
Base
$245k
Bonus
$500
Other
$150
Benefits
$31k
VP of Nursing (as of 12/24)
Board Vice President
Median to 75th percentile
$195k
$210k
Base
$140k
Bonus
$3k
Other
$9k
Benefits
$38k
VP of Nursing (thru 06/24)
Board Vice President
Median to 75th percentile
$173k
$186k
Base
$140k
Bonus
$14k
Other
$175
Benefits
$14k
Secretary
Officer (Unspecified)
$3k
$3k
Chairman
Board Chair
10th to 25th percentile
$2k
$3k
Vice Chairman
Board Vice Chair
10th to 25th percentilevs Health Care peers nationwide
$2k
$2k
Treasurer
Officer (Unspecified)
$2k
$2k
Board Member
10th to 25th percentile
$2k
$2k
Board Member (thru 06/24)
Board Member
Below 10th percentile
$936
$1k
Board Member
Below 10th percentile
$676
$727
Board Member (thru 06/24)
Board Member
Below 10th percentile
$624
$671
Board Member
Below 10th percentile
$572
$615
Board Member
Below 10th percentile
$468
$503
Treasurer (thru 06/24)
Officer (Unspecified)
$468
$503
Board Member
Below 10th percentile
$416
$447
Board Member
Below 10th percentile
$260
$280

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.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at LAKEWOOD HEALTH SYSTEM equaled 0.4% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2024)
0.4%
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.

Climbed 18%
over 3 years

From $552k in 2021 to $649k in 2024.

$552k
2021
$580k
2023
$649k
2024
In today's dollarsEst.
Up 2% in real terms$683k to $698k

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

Chief Executive Officer pay rose 20% from 2021 to 2024, while revenue rose 27%.

$543k in 2021 to $649k in 2024.
  • Highest Compensated Employee pay rose 5% from 2021 to 2024.
  • Board Vice President pay rose 6% from 2021 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2024.

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 LAKEWOOD HEALTH SYSTEM

What does the Chief Executive Officer of LAKEWOOD HEALTH SYSTEM earn?

In 2024, the Chief Executive Officer of LAKEWOOD HEALTH SYSTEM received $649,186 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Health Care organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at LAKEWOOD HEALTH SYSTEM compare with similar nonprofits?

Compared with the same role at Health Care organizations in Minnesota, the 2024 pay of the Chief Executive Officer at LAKEWOOD HEALTH SYSTEM falls in the top 10%. In 2024, the highest total compensation at LAKEWOOD HEALTH SYSTEM equaled 0.4% of the organization's total expenses. The median for health care organizations is 4%.

What are LAKEWOOD HEALTH SYSTEM's revenue and expenses?

In 2024, LAKEWOOD HEALTH SYSTEM reported $162.9M in total revenue and $160.3M in total expenses on its IRS Form 990.

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