EHealth CareEIN: 410758434· Ruling Year: 1946

Lakewood Health Center

Baudette, Minnesota

BHealth Score
58B

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)

This Org0.46×
Peer Median8.62×
💰
$16.1M
Total Revenue
📊
$19.4M
Total Expenses
🏦
$9.0M
Net Assets
📋
$2.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+2.8%
Year-over-year change (2022 → 2023)
Net Margin
-20.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.46
Net assets divided by total expenses
Liabilities-to-Assets
19.8%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$16,097,2143%$19,379,9293%$11,176,95632%
2022$15,666,1216%$18,890,78112%$16,442,01122%
2021$14,811,3242%$16,805,3311%$20,974,6641%
2020$14,544,176$16,676,7191%$20,759,68915%
2019$14,577,6353%$16,796,0867%$18,114,53112%
2018$15,089,9213%$15,736,5833%$20,589,8635%
2017$15,507,63610%$16,275,8092%$21,623,8661%
2016$17,311,56424%$15,961,28210%$21,813,5239%
2015$22,881,78129%$17,802,1577%$23,896,42326%
2014$17,676,4629%$16,702,02912%$19,037,0649%
2013$16,274,1207%$14,957,93110%$17,465,24812%
2012$15,278,5803%$13,579,2984%$19,801,54829%
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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Lakewood Health Center — Baudette, MN | GiveScope