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Nonprofit · EIN 41-0730602

LAKE REGION HEALTHCARE CORPORATION

Tax-exempt · FERGUS FALLS, MN 56537

Financials

$149.5M$161.6M2022$168.5M$169.1M2023$178.7M$177.3M2024
Revenue Expenses · by fiscal year end
Financials of LAKE REGION HEALTHCARE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$178,722,216$177,337,917$1,384,299$156,787,516$49,730,966$107,056,550
September 30, 2024990$168,538,656$169,136,610-$597,954$158,258,533$52,243,612$106,014,921
September 30, 2023990$149,508,147$161,649,037-$12,140,890$155,566,956$51,313,843$104,253,113
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$847,232
Program service revenue
$164,381,894
Investment income
$6,169,140
Net rental income
$214,576
Net gain from sales of assets
$3,944,265
Net income from sales of inventory
-$390,151
Other revenue
$7,323,950

Expenses

Grants and similar amounts paid
$205,988
Compensation of officers, directors and key employees
$2,188,835
Other salaries and wages
$53,082,943
Salaries, compensation and benefits (total)
$67,486,772
Professional fundraising fees
$0
Legal fees
$238,544
Accounting fees
$222,337
Occupancy
$2,041,738
Travel
$268,915
Depreciation
$6,596,386
Program services (functional)
$150,266,552
Management and general (functional)
$27,071,365

Balance sheet and other

Total assets, start of year
$158,258,533
Total assets, end of year
$156,787,516
Total liabilities, end of year
$49,730,966
Net assets, end of year
$107,056,550
Land, buildings and equipment
$58,658,738
Publicly traded securities
$37,062,099
Gross unrelated business income
$19,934
Gross receipts
$195,122,898
Employees
949
Volunteers
65
Year formed
1951
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CHELSEY JOHNSONPLASTIC SURGEON
Highest-paid employee
40$1,425,160$40,713
KENT MATTSONCEO
Officer
39$685,803$84,285
ROBERT KARICRNA
Highest-paid employee
40$308,566$65,719
FRITZ KARSNIACRNA
Highest-paid employee
40$309,850$64,124
TYLER SCOTTCRNA
Highest-paid employee
40$316,226$36,545
DENISE NELSONCRNA
Highest-paid employee
40$312,365$23,385
PATRICIA ROTHCNO (THRU 07/2025)
Officer
39$255,350$34,915
ANN HIEDEMANVP OF HUMAN RESOURCES
Key employee
39$200,712$53,273
DEB PELCHEVP OF PROFESSIONAL SERVICES
Officer
39$211,686$24,247
WADE JYRKASVP OF INFORMATION SYSTEMS
Key employee
39$165,593$35,711
DANIELLE LESMEISTERADMIN OF PATIENT CARE (THRU 07/2025)
Key employee
39$154,055$29,223
CHRIS JOHNSONCFO
Officer
39$117,164$13,027
KATHY BURVILLEVP OF AMBULATORY SERVICES (THRU 05/2025)
Officer
39$85,489$30,825
JOHN ERICKSONBOARD CHAIR
Trustee or director
8$0$0
CRYSTAL ADAMSSECRETARY
Trustee or director
6$0$0
14 more people on this return
NameTitleHours / weekCompensation
LAUREL NELSONTREASURER
Trustee or director
5$0
CHAD MILLERTRUSTEE
Trustee or director
4$0
CHUCK MCFARLANETRUSTEE
Trustee or director
4$0
DEB FERGUSONTRUSTEE
Trustee or director
4$0
ERIN SMITHTRUSTEE
Trustee or director
4$0
JEANNE ENNENTRUSTEE
Trustee or director
4$0
JESS STEINBRENNERTRUSTEE
Trustee or director
4$0
JUSTIN ANDERSONTRUSTEE
Trustee or director
4$0
LARRY GOETZINGERTRUSTEE
Trustee or director
4$0
MATTHEW MOUSER MDTRUSTEE
Trustee or director
4$0
REBECCA BOESLTRUSTEE
Trustee or director
4$0
SCOTT BAUERTRUSTEE
Trustee or director
4$0
TINDY RUNDTRUSTEE
Trustee or director
4$0
MOLLY REAGANINTERIM CNO
Officer
39$0
990 for the year ended September 30, 2024: 29 people
NameTitleHours / weekCompensationOther / benefits
CHELSEY JOHNSONPLASTIC SURGEON
Highest-paid employee
40$1,211,082$13,158
KENT MATTSONCEO
Officer
39$526,180$58,305
CAMIE PATTERSONCFO
Officer
39$512,768$14,367
FRITZ KARSNIACRNA
Highest-paid employee
40$303,045$27,326
JASON ZOSELCRNA
Highest-paid employee
40$300,412$27,436
ROBERT KARICRNA
Highest-paid employee
40$296,306$25,938
ROBERTA YOUNGCNO
Officer
40$299,389$20,940
TYLER SCOTTCRNA
Highest-paid employee
40$299,235$12,632
KATHY BURVILLEVP OF AMBULATORY SERVICES
Officer
40$192,208$30,775
DANIELLE LESMEISTERADMINISTRATOR OF PATIENT CARE
Key employee
0$160,565$24,967
DEB PELCHVP OF AMBULATORY SERVICES/CARE CENTER
Officer
40$166,110$11,418
ANN HIEDEMANVP OF HUMAN RESOURCES
Key employee
40$152,873$23,626
JOHN ERICKSONBOARD CHAIR
Trustee or director, Officer
8$0$0
CRYSTAL ADAMSSECRETARY
Trustee or director, Officer
6$0$0
LAUREL NELSONTREASURER
Trustee or director, Officer
5$0$0
CHAD MILLERTRUSTEE
Trustee or director
4$0$0
CHUCK MCFARLANETRUSTEE
Trustee or director
4$0$0
DEB FERGUSONTRUSTEE
Trustee or director
4$0$0
ERIN SMITHTRUSTEE
Trustee or director
4$0$0
JEANNE ENNENTRUSTEE
Trustee or director
4$0$0
JESS STEINBRENNERTRUSTEE
Trustee or director
4$0$0
JUSTIN ANDERSONTRUSTEE
Trustee or director
4$0$0
LARRY GOETZINGERTRUSTEE
Trustee or director
4$0$0
MATTHEW MOUSER MDTRUSTEE
Trustee or director
4$0$0
REBECCA BOESLTRUSTEE
Trustee or director
4$0$0
SCOTT BAUERTRUSTEE
Trustee or director
4$0$0
TINDY RUNDTRUSTEE
Trustee or director
4$0$0
CHRIS JOHNSONCFO
Officer
40$0$0
PATRICIA ROTHCNO
Officer
40$0$0
990 for the year ended September 30, 2023: 28 people
NameTitleHours / weekCompensationOther / benefits
CHELSEY JOHNSONPLASTIC SURGEON
Highest-paid employee
40$704,901$9,618
KENT MATTSONCEO
Officer
39$510,000$139,482
CAMIE PATTERSONCFO
Officer
39$531,347$17,526
FRITZ KARSNIACRNA
Highest-paid employee
40$308,515$15,033
ROBERTA YOUNGCNO
Officer
40$288,269$12,693
TYLER SCOTTCRNA
Highest-paid employee
40$289,613$9,172
JEFFREY OLSONCRNA
Highest-paid employee
40$282,762$14,609
HENRIK BJORNDAHLCRNA
Highest-paid employee
40$280,586$14,609
DANIELLE LESMEISTERADMINISTRATION OF PATIENT CARE
Key employee
0$164,448$15,630
KATHY BURVILLEVP OF AMBULATORY SERVICES
Officer
40$161,694$15,911
WADE JYRKASCIO
Officer
40$137,556$15,498
KATIE JOHNSONVP OF MARKETING & MISSION ENGAGEMENT
Officer
40$129,539$15,576
JOHN ERICKSONBOARD CHAIR
Trustee or director, Officer
8$0$0
LAUREL NELSONTREASURER
Trustee or director, Officer
5$0$0
CRYSTAL ADAMSSECRETARY
Trustee or director, Officer
6$0$0
SCOTT BAUERTRUSTEE
Trustee or director
4$0$0
REBECCA BOESLTRUSTEE
Trustee or director
4$0$0
MATTHEW MOUSER MDTRUSTEE
Trustee or director
4$0$0
LARRY GOETZINGERTRUSTEE
Trustee or director
4$0$0
JUSTIN ANDERSONTRUSTEE
Trustee or director
4$0$0
JERRY NESSTRUSTEE
Trustee or director
4$0$0
JEANNE ENNENTRUSTEE
Trustee or director
4$0$0
ERIN SMITHTRUSTEE
Trustee or director
4$0$0
ERIN PETERSON MDTRUSTEE
Trustee or director
4$0$0
DEB FERGUSONTRUSTEE
Trustee or director
4$0$0
CHUCK MCFARLANETRUSTEE
Trustee or director
4$0$0
CHAD MILLERTRUSTEE
Trustee or director
4$0$0
CARRIE BRIMHALLTRUSTEE
Trustee or director
4$0$0

Address and contacts

Address (IRS master file)
712 S CASCADE ST, FERGUS FALLS, MN 56537-2913
Principal officer (990 for 2024)
KENT MATTSON, 712 SOUTH CASCADE STREET, FERGUS FALLS, MN 56537
Signed the 990
CHRIS JOHNSON, CFO
Phone
(218) 736-8000
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

WE PARTNER TO ENRICH LIFE THROUGH HEALTH.

990 for the year ended September 30, 2025

Program accomplishments

  • LAKE REGION HEALTHCARE CORPORATION IS A NOT-FOR-PROFIT PROVIDER OF HEALTH CARE SERVICES OPERATING A 108-BED HOSPITAL COMPRISED OF A 94-BED ACUTE HOSPITAL, A 14-BED PSYCHIATRIC UNIT, AND MULTIPLE CLINIC SITES. OUT PURPOSE IS TO MEET THE HEALTH CARE NEEDS OF THE PEOPLE IN WEST CENTRAL MINNESOTA. OUR VISION IS TO BE MINNESOTA'S PREEMINENT REGIONAL HEALTH CARE PARTNER. OUR CORE VALUES INCLUDE INTEGRITY, TEAMWORK, COMPASSION, AND EXCELLENCE. LAKE REGION HEALTHCARE CORPORATION IS A PROVIDER OF QUALITY HEALTH CARE SERVICES, AS NOTED BY OUR ACCREDITATION BY THE JOINT COMMISSION. SERVICES THAT LAKE REGION HEALTHCARE PROVIDES INCLUDE MEDICAL/SURGICAL, PEDS, OB GYN, ICCU, RADIOLOGY/INTERVENTIONAL RADIOLOGY, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, SPEECH THERAPY, RESPIRATORY CARE, SOCIAL WORK, SURGERY, ONCOLOGY, BIRTHING SUITES, CARDIAC REHAB/ECP, EMERGENCY SERVICES, COMMUNITY WELLNESS, AND LABORATORY.
    Expenses $115,515,245 · grants $205,988 · revenue $126,138,997
  • LAKE REGION HEALTHCARE OFFERS CLINICAL SERVICES IN FOUR COMMUNITIES AND A WALK-IN CLINIC. SPECIALTIES OFFERED THROUGH CLINIC SERVICES INCLUDE CARDIOLOGY, OB GYN, PEDIATRICS, OPHTHALMOLOGY, FAMILY MEDICINE, INTERNAL MEDICINE, UROLOGY, DERMATOLOGY, ENT, ALLERGY, AUDIOLOGY, PODIATRY, PULMONOLOGY, SPORTS MEDICINE, SURGERY, AND ORTHOPEDICS.
    Expenses $34,751,307 · revenue $37,947,330

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
41-0730602
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1953
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E220)
Assets (IRS master file)
$156,787,516
Income (IRS master file)
$195,122,898

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$178,722,216$177,337,917$156,787,516XML
990-TSeptember 2025–––IRS
990September 2024$168,538,656$169,136,610$158,258,533XML
990-TSeptember 2024–––IRS
990September 2023$149,508,147$161,649,037$155,566,956XML
990-TSeptember 2023–––IRS
990September 2022$147,953,860$142,198,354$165,940,026IRS
990-TSeptember 2022–––IRS
990September 2021–––IRS
990-TSeptember 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0730602).

Questions about LAKE REGION HEALTHCARE CORPORATION

What is the EIN of LAKE REGION HEALTHCARE CORPORATION?
The employer identification number (EIN) of LAKE REGION HEALTHCARE CORPORATION is 41-0730602.
Is LAKE REGION HEALTHCARE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
Are donations to LAKE REGION HEALTHCARE CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKE REGION HEALTHCARE CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LAKE REGION HEALTHCARE CORPORATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE REGION HEALTHCARE CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of LAKE REGION HEALTHCARE CORPORATION?
The 990 for the year ended September 30, 2025 names KENT MATTSON.
Who are the officers and directors of LAKE REGION HEALTHCARE CORPORATION?
The 990 for the year ended September 30, 2025 lists 29 people; 13 received compensation from the organization, the highest $1,425,160 (CHELSEY JOHNSON, PLASTIC SURGEON).
How much revenue does LAKE REGION HEALTHCARE CORPORATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $178,722,216, expenses of $177,337,917 and total assets of $156,787,516 at year end.

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