Lakeview Methodist Health Services
Legal name: Lakeview Methodist Health Care Center
Nonprofit profile at a glance
- EIN
- 410874740
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Fairmont, MN, United States
- Phone
- 507-235-6606
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
- Affiliation
- Christianity
Reported finances
- Revenue
- $15,567,804
- Expenses
- $11,624,531
- Assets
- $36,752,470
- Liabilities
- $20,812,913
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- CHARLES HAUGEN (PRESIDENT)
- BRAD MUSSER (VICE PRESIDENT)
- DEBORAH BARNES (EXECUTIVE DIRECTOR)
Highest reported compensation
- DEBORAH BARNES (EXECUTIVE DIRECTOR): $108,855 total reported compensation
- TANIA WALLACE (FINANCIAL DIRECTOR): $86,292 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to demonstrate Gods love for his people through life enhancing supportive services for older adults and their families. There is a specialness about Lakeview Methodist Health Care Center that is not seen, but felt. The aura of love and concern and dedication to our Mission is evident in every act and every word. That mission of sharing God’s love is our uppermost desire. It guides us and defines us. We are eager to be the best we can be for the people we serve. Five decades ago, Lakeview was built for the purpose of caring for those no longer able to care for themselves. This rich heritage is never forgotten; we are reminded of the very hard work of our founders in the Methodist churches and their undying perseverance to see Lakeview become a reality.
What it reported doing in 2024
Lakeview methodist health care center offers skilled nursing care, rehabilitation services, long-term placement, and houses a child day care center. During the fiscal year the care center provided 23,108 inpatient service days. The organization also manages an assisted living and housing unit for the elderly.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.3%; rating input score 65
- Program expense ratio: 91%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: 25.3%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 3.16; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 79; 79th percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 15.4% per year; rating input score 100; 81st percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 65.3% of revenue deployed · 91% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10.6M in reported program spending
- Leadership: top reported pay $109K · 11 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Liabilities to assets ratio scored 24/100.