Lakewood Health Center
Baudette, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 39 peers in Health Care with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $16,097,214↑3% | $19,379,929↑3% | $11,176,956↓32% | |
| 2022 | $15,666,121↑6% | $18,890,781↑12% | $16,442,011↓22% | — |
| 2021 | $14,811,324↑2% | $16,805,331↑1% | $20,974,664↑1% | — |
| 2020 | $14,544,176 | $16,676,719↓1% | $20,759,689↑15% | — |
| 2019 | $14,577,635↓3% | $16,796,086↑7% | $18,114,531↓12% | — |
| 2018 | $15,089,921↓3% | $15,736,583↓3% | $20,589,863↓5% | — |
| 2017 | $15,507,636↓10% | $16,275,809↑2% | $21,623,866↓1% | — |
| 2016 | $17,311,564↓24% | $15,961,282↓10% | $21,813,523↓9% | — |
| 2015 | $22,881,781↑29% | $17,802,157↑7% | $23,896,423↑26% | — |
| 2014 | $17,676,462↑9% | $16,702,029↑12% | $19,037,064↑9% | — |
| 2013 | $16,274,120↑7% | $14,957,931↑10% | $17,465,248↓12% | — |
| 2012 | $15,278,580↓3% | $13,579,298↓4% | $19,801,548↑29% | — |
| 2011 | $15,827,815 | $14,137,692 | $15,369,694 | — |
Frequently Asked Questions
What does Lakewood Health Center do?▼
Lakewood Health Center is a health care nonprofit organization based in Minnesota. It is classified under NTEE code E22 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lakewood Health Center financially healthy?▼
Based on our 9-metric Financial Health Score model, Lakewood Health Center has a score of 58/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Lakewood Health Center generate?▼
Lakewood Health Center reports $18.3M in annual revenue and holds $9.1M in total assets, based on IRS filings.
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