Essentia Health

What it reported doing in 2024

Essentia health moose lake is created and organized exclusively for charitable, religious, educational, and scientific purposes. More specifically, essentia health moose lake shall own, maintain, operate and conduct health care and related activities and facilities for the promotion of health within its community, including charitable care to persons unable to pay.essentia health moose lake has a critical access hospital with 25 licensed beds, primary care clinic, and urgent care clinic serving the southern part of carlton county and the northern part of pine county. The hospital is a level iv trauma center and an acute stroke ready hospital. It offers emergency care 24 hours a day. Essentia health moose lake offers inpatient and outpatient services including imaging/radiology, lab, surgery, rehabilitation, home health, and birthing services.essentia health moose lake employs approximately 150 full time equivalents. The hospital provided more than 3,000 hospital patient days and 28,000 outpatient visits during the fiscal year ended june 30, 2025. The clinics had over 16,000 encounters during the same time period.during the fiscal year ended june 30, 2025, essentia health moose lake provided the following community benefits: $316,000 in charity care, $2.5 million costs in excess of medicaid payments, $12,000 in community services, and $148,000 in health profession education.essentia health is the parent organization of an integrated health system that includes this organization and all entities that are owned or controlled, directly or indirectly, by essentia health (collectively, the "system or "essentia health").

Financial Efficiency

• Mission deployment rate: 77%; rating input score 77
• Program expense ratio: 83.4%; rating input score 83
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 83.3%; rating input score 83; 17th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 7.5%; rating input score 61; 61st percentile among comparable filings
• Total-asset coverage ratio: 1.24; rating input score 44; 44th percentile among comparable filings
• Liabilities to assets ratio: 0.62; rating input score 21; 21st percentile among comparable filings
• Officer compensation ratio: 4.8%; rating input score 52; 52nd percentile among comparable filings

Growth

• Program expense growth: 6.2% per year; rating input score 100; 51st percentile among comparable filings
• Revenue growth: 0.3% per year; rating input score 100; 9th percentile among comparable filings
• Asset growth: -4.8% per year; rating input score 0; 3rd percentile among comparable filings