Nonprofit · EIN 46-0391067
PRAIRIE LAKES HEALTH CARE SYSTEM INC
Tax-exempt · WATERTOWN, SD 57201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $202,908,452 | $169,708,989 | $33,199,463 | $461,671,217 | $50,801,968 | $410,869,249 |
| May 31, 2024 | 990 | $161,897,147 | $147,024,495 | $14,872,652 | $441,055,297 | $54,198,135 | $386,857,162 |
| May 31, 2023 | 990 | $143,812,571 | $137,642,732 | $6,169,839 | $404,656,079 | $48,253,764 | $356,402,315 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $75,046
- Program service revenue
- $162,495,977
- Investment income
- $38,124,376
- Net rental income
- $1,111,621
- Net gain from sales of assets
- $29,968,759
- Other revenue
- $2,213,053
Expenses
- Grants and similar amounts paid
- $235,896
- Other salaries and wages
- $72,723,760
- Salaries, compensation and benefits (total)
- $85,433,144
- Professional fundraising fees
- $0
- Legal fees
- $27,341
- Occupancy
- $1,190,300
- Travel
- $711,300
- Depreciation
- $8,751,068
- Program services (functional)
- $149,482,123
- Management and general (functional)
- $20,226,866
Balance sheet and other
- Total assets, start of year
- $441,055,297
- Total assets, end of year
- $461,671,217
- Total liabilities, end of year
- $50,801,968
- Net assets, end of year
- $410,869,249
- Land, buildings and equipment
- $82,886,865
- Publicly traded securities
- $297,275,798
- Net assets without donor restrictions
- $405,406,924
- Net assets with donor restrictions
- $5,462,325
- Gross unrelated business income
- $1,560,283
- Gross receipts
- $769,468,271
- Employees
- 938
- Volunteers
- 48
- Year formed
- 1986
- State of legal domicile
- SD
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY SMITH MD | PHYSICIAN Highest-paid employee | 40 | $1,466,218 | $80,279 |
| RAVISHANKAR KALAGA MD | PHYSICIAN Highest-paid employee | 40 | $1,414,016 | $49,058 |
| CASEY JOHNSTON MD | DIRECTOR/PHYSICIAN Trustee or director | 40 | $1,297,767 | $80,279 |
| GERALD RIEBER MD | PHYSICIAN Highest-paid employee | 40 | $1,175,212 | $87,779 |
| JACOB SCHAEFFER MD | PHYSICIAN Highest-paid employee | 40 | $1,098,681 | $80,279 |
| JOHN ALLEN | PRESIDENT/CEO Officer | 40 | $601,671 | $102,697 |
| SVIEN SENNE | PHYSICIAN Highest-paid employee | 40 | $609,090 | $80,279 |
| TIM PUGSLEY | CIO Officer | 40 | $304,717 | $101,327 |
| LYNN SEVERSON | CFO Officer | 40 | $334,391 | $68,328 |
| SHELLY TURBAK | CNO Key employee | 40 | $272,111 | $86,496 |
| LAURIE FIEBER | VP OF CLINIC OPERATIONS Key employee | 40 | $240,548 | $59,538 |
| ALISON GILBERTSON | VP OF HUMAN RESOURCES Key employee | 40 | $238,268 | $47,066 |
| ROB PETERSON | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VINCE FOLEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS CARTER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT MUNGER | SECRETARY Trustee or director, Officer | 1 | $0 |
| MIKE LUKEN | TREASURER Trustee or director, Officer | 1 | $0 |
| ALAN CHRISTENSEN MD | DIRECTOR Trustee or director | 1 | $0 |
| DON ROBY | DIRECTOR Trustee or director | 1 | $0 |
| TAMMY DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN OVIATT | DIRECTOR Trustee or director | 1 | $0 |
| KRISTEN HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| JESSE PETERSON | DIRECTOR Trustee or director | 1 | $0 |
| DOUG SHARP | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY SMITH MD | PHYSICIAN Highest-paid employee | 40 | $1,338,318 | $34,918 |
| JACOB SCHAEFFER MD | PHYSICIAN Highest-paid employee | 40 | $1,263,474 | $34,918 |
| RICHARD HOWARD MD | PHYSICIAN Highest-paid employee | 40 | $1,209,852 | $25,080 |
| GREG GERRISH MD | PHYSICIAN Highest-paid employee | 40 | $1,028,756 | $34,918 |
| VIJAY RAO | PHYSICIAN Highest-paid employee | 40 | $620,508 | $34,918 |
| JOHN ALLEN | PRESIDENT/CEO Officer | 40 | $414,250 | $40,306 |
| SHELLY TURBAK | CNO Key employee | 40 | $181,139 | $33,319 |
| LAURIE FIEBER | VP OF CLINIC OPERATIONS Key employee | 40 | $179,623 | $32,688 |
| ALISON GILBERTSON | VP OF HUMAN RESOURCES Key employee | 40 | $165,839 | $30,619 |
| TIM PUGSLEY | CIO Officer | 40 | $72,115 | $15,419 |
| LYNN SEVERSON | CFO Officer | 40 | $63,606 | $7,937 |
| ROB PETERSON | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VINCE FOLEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE LUKEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS CARTER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT MUNGER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALAN CHRISTENSEN MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK ROBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAMMY DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN OVIATT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTEN HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSE PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY HODGES | INTERIM CFO Officer | 40 | $0 | $0 |
990 for the year ended May 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD HOWARD MD | PHYSICIAN Highest-paid employee | 40 | $1,142,455 | $28,019 |
| GREG GERRISH MD | PHYSICIAN Highest-paid employee | 40 | $1,056,309 | $33,709 |
| JACOB SCHAEFFER MD | PHYSICIAN/DIRECTOR Highest-paid employee | 40 | $1,031,477 | $33,709 |
| JEFFREY SMITH MD | PHYSICIAN Highest-paid employee | 40 | $909,759 | $33,709 |
| SALEM MAALIKI MD | PHYSICIAN Highest-paid employee | 40 | $764,874 | $19,679 |
| D ADAM POPP | CFO Officer | 40 | $295,305 | $27,987 |
| KC DEBOER | FORMER CEO (THROUGH SEPT 2021) Former | 40 | $279,961 | $37,624 |
| MICHELE TURBAK | CNO Key employee | 40 | $268,511 | $32,380 |
| LAURIE FIEBER | VP OF CLINIC OPERATIONS Key employee | 40 | $157,833 | $24,195 |
| JOHN ALLEN | PRESIDENT/CEO Officer | 40 | $0 | $0 |
| ROBB PETERSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VINCE FOLEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE LUKEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS CARTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JIM REDLINGER | PAST CHAIR Trustee or director | 1 | $0 | $0 |
| ALAN CHRISTENSEN MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SVIEN SENNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT MUNGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK ROBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAMMY DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN OVIATT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTEN HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE STILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSE PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1210, WATERTOWN, SD 57201-6210
- In care of
- % LYNN SEVERSON
- Principal officer (990 for 2024)
- BILL GASSEN, 2301 EAST 60TH ST, SIOUX FALLS, SD 57104
- Signed the 990
- NICHOLAS OLSON, EVP, CFO
- Phone
- (605) 882-7000
- Website
- WWW.PRAIRIELAKES.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
WE MAKE A POSITIVE DIFFERENCE IN THE HEALTH OF THE PATIENTS AND COMMUNITIES WE SERVE.
Program accomplishments
- PRAIRIE LAKES HEALTH CARE SYSTEM SERVES TEN COUNTIES IN NORTHEASTERN SOUTH DAKOTA AND WESTERN MINNESOTA. IT IS COMMITTED TO PROVIDING ACCESSIBLE, HIGH QUALITY, COST-EFFECTIVE HEALTHCARE SERVICES. 34 PHYSICIANS HAVE BEEN RECRUITED OVER THE PAST DECADE TO BUILD NEW SERVICES AND BETTER SERVE THE COMMUNITY. IN 2025, A NEW CLINIC OPENED IN CASTLEWOOD, SOUTH DAKOTA FOCUSING ON PRIMARY CARE AND PHYSICAL THERAPY.Expenses $149,482,123 · grants $298,746 · revenue $160,935,694
What it must file and when
IRS records say it files Not required. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 46-0391067
- 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
- 1987
- Accounting year ends
- December
- Files
- Not required
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $461,671,217
- Income (IRS master file)
- $769,468,271
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $202,908,452 | $169,708,989 | $461,671,217 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $161,897,147 | $147,024,495 | $441,055,297 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $143,812,571 | $137,642,732 | $404,656,079 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $140,443,568 | $125,590,516 | $432,088,879 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 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 46-0391067).
Questions about PRAIRIE LAKES HEALTH CARE SYSTEM INC
- What is the EIN of PRAIRIE LAKES HEALTH CARE SYSTEM INC?
- The employer identification number (EIN) of PRAIRIE LAKES HEALTH CARE SYSTEM INC is 46-0391067.
- Is PRAIRIE LAKES HEALTH CARE SYSTEM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to PRAIRIE LAKES HEALTH CARE SYSTEM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRAIRIE LAKES HEALTH CARE SYSTEM INC file?
- Form Not required.
- When is the next return of PRAIRIE LAKES HEALTH CARE SYSTEM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRAIRIE LAKES HEALTH CARE SYSTEM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of PRAIRIE LAKES HEALTH CARE SYSTEM INC?
- The 990 for the year ended May 31, 2025 names BILL GASSEN.
- Who are the officers and directors of PRAIRIE LAKES HEALTH CARE SYSTEM INC?
- The 990 for the year ended May 31, 2025 lists 24 people; 12 received compensation from the organization, the highest $1,466,218 (JEFFREY SMITH MD, PHYSICIAN).
- How much revenue does PRAIRIE LAKES HEALTH CARE SYSTEM INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $202,908,452, expenses of $169,708,989 and total assets of $461,671,217 at year end.
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