2026-08-14T14:09:52-05:00 2025-09-30 410746749 CLIFTONLARSONALLEN LLP 121 WEST BRIDGE STREET OWATONNA MN 55060 990 2024-10-01 411677288 LAKE REGION HEALTHCARE FOUNDATION LAKE 2187368000 712 S CASCADE ST FERGUS FALLS MN 56537 CHRIS JOHNSON CFO 2187368000 2026-07-31 1 1 JUSTIN HARTERT P02236744 5074467100 2026-07-31 2024 2025-03-06 01:10:19Z KENT MATTSON 712 S CASCADE ST FERGUS FALLS MN 56537 2620929 0 X HTTPS://WWW.LRHC.ORG/FOUNDATION/ X 2000 MN THE MISSION OF LAKE REGION HEALTHCARE FOUNDATION IS TO GATHER, STEWARD AND DISTRIBUTE RESOURCES NEEDED TO SUPPORT AND ADVANCE THE MISSION OF LAKE REGION HEALTHCARE AND ITS AFFILIATES. 5 5 0 74 0 0 999923 1538452 0 0 400718 251054 -13229 0 1387412 1789506 290391 1635683 0 0 0 0 0 0 0 310418 463899 600809 2099582 786603 -310076 5326936 5331653 966 150 5325970 5331503 THE MISSION OF LAKE REGION HEALTHCARE FOUNDATION IS TO GATHER, STEWARD AND DISTRIBUTE RESOURCES NEEDED TO SUPPORT AND ADVANCE THE MISSION OF LAKE REGION HEALTHCARE AND ITS AFFILIATES. 0 0 2069496 1635683 0 LAKE REGION HEALTHCARE FOUNDATION RECEIVED DONATIONS AND MEMORIALS FROM INDIVIDUALS AND BUSINESSES. IT ALSO RECEIVES PLEDGES AND PAYMENTS OF THOSE PLEDGES. THE FOUNDATION USES ITS FUNDS FOR A VARIETY OF PURPOSES WHICH AID LAKE REGION HEALTHCARE AND THE COMMUNITY IN PROVIDING QUALITY HEALTHCARE AND SUSTAINING HEALTHCARE CLOSE TO HOME. 2069496 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 MN X X LAKE REGION HEALTHCARE CORPORATION 2187368000 712 S CASCADE ST FERGUS FALLS MN 56537 ANDREW YAGGIE DIRECTOR/CHAIR 2.00 0.00 X X 0 0 0 DIC PICKETT DIRECTOR/SECRETARY & TREASURER 2.00 0.00 X X 0 0 0 MARY BRESSLER DIRECTOR 2.00 0.00 X 0 0 0 JASMINE SONMOR DIRECTOR 2.00 0.00 X 0 0 0 JOAN GEDDE DIRECTOR 2.00 0.00 X 0 0 0 KENT MATTSON CEO 1.00 40.00 X 0 685803 47437 CHRIS JOHNSON CFO 1.00 40.00 X 0 117164 6882 0 802967 54319 0 0 1 0 0 153295 1385157 1538452 174165 174165 908312 831423 76889 76889 76889 1789506 0 0 251054 X 1532766 1532766 102917 102917 5739 5739 10291 10291 353328 353328 14056 14056 7911 7911 BAD DEBT 47000 47000 MISCELLANEOUS 17887 17887 LICENSES 7248 7248 SERVICE CHARGE 439 439 2099582 2069496 30086 0 236309 130432 894807 435231 57664 10664 4296 47738 4133860 4670434 0 37154 5326936 5331653 150 966 0 966 150 X 3705834 4084769 1620136 1246734 5325970 5331503 5326936 5331653 -310076 315609 0 X 0 1 X 1 0 X X X 3 LAKE REGION HEALTHCARE CORPORATION 410730602 3 1 1166051 0 LRHC LONG TERM CARE FACILITIES INC 411817549 3 1 2823 0 PRAIRIE RIDGE HEALTHCARE 411763968 3 1 148461 0 3 1317335 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38 371703 756211 1201262 1 1 54068 220 10886 2500 62674 42246 11822 54068 36870 5376 42246 42252 -8169 36870 42252 42252 0.00000 1.00000 0.00000 0 0 0 X PART V, LINE 4: TO PROVIDE RECOGNITION AND FINANCIAL ASSISTANCE TO PERSONS PURSUING AN ADVANCED DEGREE OR TRAINING IN MENTAL HEALTH RELATED FIELDS. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE FOUNDATION IS REQUIRED ANNUALLY TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION MAY BE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION HAS DETERMINED THEY ARE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED FORM 990T WITH THE IRS. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE, IF SUCH INTEREST AND PENALTIES ARE INCURRED. 1 LAKE REGION HEALTHCARE CORPORATION 712 S CASCADE ST FERGUS FALLS MN 56537 410730602 501(C)(3) 1166051 0 3D MAMMO EQUIPMENT/GENERAL SUPPORT PRAIRIE RIDGE HEALTHCARE 1411 HIGHWAY 79 EAST ELBOW LAKE MN 56531 411763968 501(C)(3) 148461 0 3D MAMMO EQUIPMENT FERGUS AREA COLLEGE FOUNDATION 1414 COLLEGE WAY FERGUS FALLS MN 56537 416054755 501(C)(3) 5565 0 GENERAL SUPPORT 3 0 SCHOLARSHIP 19 102917 PART I, LINE 2: WHEN APPLYING FOR FUNDS, THERE IS A SECTION ON THE APPLICATION WHERE IT IS REQUIRED TO COMPLETE A PARAGRAPH STATING HOW THE FUNDS WILL BE USED. 0 0 0 0 0 0 1 0 0 KENT MATTSON CEO 0 541063 0 144740 0 0 0 23500 0 23937 0 733240 0 0 PART I, LINE 3 THE CEO AND CFO COMPENSATION WAS PAID BY LAKE REGION HEALTHCARE CORPORATION, A RELATED ORGANIZATION. THE FOLLOWING WERE USED BY THE RELATED ORGANIZATION TO DETERMINE COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. WRITTEN EMPLOYMENT CONTRACT 5. COMPENSATION SURVEY OR STUDY 6. APPROVAL BY BOARD OF COMPENSATION COMMITTEE PART I, LINE 6 LRHC HAS IMPLEMENTED AN INCENTIVE COMPENSATION PROGRAM FOR CERTAIN AND GOALS NEED TO BE MET IN ORDER FOR THE COMPENSATION TO BE PAID OUT IN QUALITY METRICS, AND SUCCESSFUL IMPLEMENTATION OF STRATEGIC GOALS. THE DETERMINES ANY AMOUNTS OF COMPENSATION THAT IS AWARDED. EXECUTIVE LEADERSHIP POSITIONS WITHIN THE ORGANIZATION. CERTAIN MEASURES PART OR IN WHOLE, SUCH AS MEETING FINANCIAL PERFORMANCE EXPECTATIONS, EXECUTIVE COMMITTEE OF THE BOARD REVIEWS PERFORMANCE ANNUALLY AND DETERMINES ANY AMOUNTS OF COMPENSATION THAT IS AWARDED. FORM 990, PART VI, SECTION A, LINE 6 LAKE REGION HEALTHCARE IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF LAKE REGION HEALTHCARE, THE SUPPORTED ORGANIZATION, HAS THE AUTHORITY TO APPOINT AND REMOVE THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES OF LAKE REGION HEALTHCARE, THE SUPPORTED ORGANIZATION, HAS THE AUTHORITY TO MAKE AND APPROVE CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE COMPLETED 990, WITH SUPPORTING SCHEDULES AND FOOTNOTES, WILL BE DISTRIBUTED TO ALL THE FOUNDATION BOARD MEMBERS SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE DETAILED AND CONSCIENTIOUS REVIEW BY ALL BOARD MEMBERS AND CHIEF EXECUTIVE OFFICER TO ENABLE AN OPPORTUNITY FOR FEEDBACK FROM AND CORRECTIONS. ALL QUESTIONS, CONCERNS, OR OTHER FEEDBACK FROM BOARD MEMBERS WILL BE DIRECTED TO THE CHIEF FINANCIAL OFFICER AND INCORPORATED TO THE 990 AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND TRUSTEES ANNUALLY ASSESS WHETHER OR NOT THERE ARE ANY CONFLICTS OF INTEREST ACCORDING TO THE CONFLICTS OF INTEREST POLICY. IT IS CONSISTENTLY MONITORED DURING THE YEAR TO BE SURE THAT THE POLICY IS BEING FOLLOWED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE OFFICERS OF LAKE REGION HEALTHCARE FOUNDATION IS REVIEWED ANNUALLY, OUTSIDE INDEPENDENT COMPENSATION CONSULTANTS ARE ENGAGED FOR FAIR MARKET ASSESSMENTS, AS WELL AS MHA SALARY SURVEYS. COMPENSATION IS PRESENTED FOR APPROVAL TO THE EXECUTIVE COMMITTEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 LAKE REGION HEALTHCARE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G MISC PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 353,328. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 353,328. LAKE REGION HEALTHCARE CORPORATION 712 S CASCADE ST FERGUS FALLS MN 56537 410730602 HOSPITAL MN 501(C)(3) 3 N/A 0 LRHC LONG TERM CARE FACILITIES INC 712 S CASCADE ST FERGUS FALLS MN 56537 411817549 ASSISTED LIVING MN 501(C)(3) 10 LAKE REGION HEALTHCARE 0 PRAIRIE RIDGE HOSPITAL & HEALTH SERVICES 1411 HIGHWAY 79 E ELBOW LAKE MN 56531 411763968 HEALTHCARE SERVICES MN 501(C)(3) 3 LAKE REGION HEALTHCARE 0 PRAIRIE RIDGE FOUNDATION 1411 HIGHWAY 79 E ELBOW LAKE MN 56531 455092280 FOUNDATION MN 501(C)(3) 12A LAKE REGION HEALTHCARE 0 WEST CENTRAL LINEN SERVICES 712 SOUTH CASCADE STREET FERGUS FALLS MN 56538 411411129 LAUNDRY AND LINEN MN N/A C 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0