Sky Lakes Medical Center

Nonprofit profile at a glance

EIN
930508781
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2022
Location
Klamath Falls, OR, United States
Phone
(541) 882-6311
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$1,016,765,487
Expenses
$1,016,296,716
Assets
$475,343,010
Liabilities
$110,715,087

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • CAUBLE DAVID A (PRESIDENT AND CEO)
  • RICO RICHARD E (VICE PRESIDENT & CFO)

Highest reported compensation

  • NARAGHI FRED F (MEDICAL PROVIDER): $1,149,224 total reported compensation
  • CUMMINGS JEFFREY (MEDICAL PROVIDER): $971,425 total reported compensation
  • CAUBLE DAVID A (PRESIDENT AND CEO): $849,837 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Inspiring human potential through better health. Volunteer Opportunities The fulfillment of our vision and our mission is our shared purpose for all of us at Sky Lakes Health System. We try to live according to our values. We are here to help people whenever they need us; we’ll do what’s right because it’s the right thing to do; and we’ll be known by the high-quality care we deliver with skill, dignity and respect. To individuals who embrace the spirit of our vision, mission and values and our commitment to excellence, we offer the opportunity to learn and grow as a member of the Sky Lakes family.

What it reported doing in 2024

Patient care - acute inpatient care for adult and pediatric patients; a level iii trauma emergency department; services related to child abuse, home care, physical, occupational and speech therapies; a cancer treatment center with both medical and radiation oncology; and diagnostic testing (laboratory and diagnostic imaging) availability in settings around the community.uncompensated care - charges written off under our broad-reaching charity care policy totaled $22,511,520. In addition to charity care writeoffs, charges written off as bad debt totaled $2,140,466.educational support - sky lakes medical center commits significant dollars and hours to benefit educational efforts in and for the community. Among those commitments are the following: Oregon health & science university affiliated family practice residency program and clinic; an rn i training program to include 6 months of one-on-one supervised orientation to the inpatient care areas; awarding of scholarships to community members and/or employees in healthcare- related programs; a hospital department, learning resources, dedicated to the education of physicians, employees and community members; commitment to employees acting, either full-time or part-time, as instructors in accredited courses at the high school, community college or university level; stipend payments to students performing work and/or on-the-job training within the hospital setting; tuition reimbursements paid to employees enrolled in college-level coursework; joint participation in a simulation laboratory with oit; free or minimal cost community educational opportunities such as diabetes education, nutrition and other education programs in or for the schools; and health fairs.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 88
  • Accountability: 80
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.4%; rating input score 95
  • Program expense ratio: 95.4%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: 99.9%; rating input score 100; 45th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 24th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 95.4% of revenue deployed · 95.4% of spending went to programs
  • Governance: 6 of 8 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $969.3M in reported program spending
  • Leadership: top reported pay $1.1M · 15 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $35M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 8 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.

  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.