LAKEWOOD REGIONAL HEALTHCARE FOUNDATION'S MISSION IS TO ENSURE ACCESSIBLE, AFFORDABLE HEALTHCARE AND RELATED SERVICES OF THE HIGHEST QUALITY FOR ALL RESIDENTS OF BAUDETTE, LAKE OF THE WOODS COUNTY AND COMMUNITIES IN THE SURROUNDING AREA.
Executive compensation
Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Health Care organizations in Minnesota.
| Position | Total |
|---|---|
President / Chair Board Chair Median to 75th percentile | $52k $57k |
Market CFO (thru 05/24) 25th percentile to median | $51k $56k |
Market CFO (beg 05/24) 25th percentile to median | $48k $53k |
Former Officer/vp Operational Finance Former Officer/director/trustee 10th to 25th percentile | $44k $48k |
Foundation Director Director (Operational) Below 10th percentilevs Health Care peers nationwide | $6k $6k |
Board Member/physician Assistant (beg 08/23) Board Member Below 10th percentile | $161 $178 |
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 2 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at LAKEWOOD REGIONAL HEALTHCARE FOUNDATION equaled 85% of the organization's total expenses. The median for health care organizations is 4%.
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.
Held steady
from 2022
From $51k in 2022 to $52k in 2023.
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.
Board Chair pay rose 3% from 2022 to 2023, while revenue rose 38%.
- Former Officer/director/trustee pay fell 15% from 2022 to 2023.
- Director (Operational) pay fell 1% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about LAKEWOOD REGIONAL HEALTHCARE FOUNDATION
What does the Board Chair of LAKEWOOD REGIONAL HEALTHCARE FOUNDATION earn?
In 2023, the Board Chair of LAKEWOOD REGIONAL HEALTHCARE FOUNDATION received $51,876 in total compensation. This pay is above the median (the midpoint) for Board Chair roles among Health Care organizations in Minnesota, within the top half of comparable filings. Based on IRS Form 990 data.
How does Board Chair pay at LAKEWOOD REGIONAL HEALTHCARE FOUNDATION compare with similar nonprofits?
Compared with the same role at Health Care organizations in Minnesota, the 2023 pay of the Board Chair at LAKEWOOD REGIONAL HEALTHCARE FOUNDATION falls between the median and the 75th percentile. In 2023, the highest total compensation at LAKEWOOD REGIONAL HEALTHCARE FOUNDATION equaled 85% of the organization's total expenses. The median for health care organizations is 4%.
What are LAKEWOOD REGIONAL HEALTHCARE FOUNDATION's revenue and expenses?
In 2023, LAKEWOOD REGIONAL HEALTHCARE FOUNDATION reported $249k in total revenue and $61k in total expenses on its IRS Form 990.
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