Mille Lacs Health System
Onamia, Minnesota
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)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $57,325,908↑19% | $58,602,250↑15% | $58,728,748↑3% | |
| 2022 | $48,154,500↓3% | $51,072,396↑11% | $57,022,078↑2% | — |
| 2021 | $49,720,336↑7% | $46,122,120↑1% | $55,817,777↑35% | — |
| 2020 | $46,649,382↑1% | $45,601,416↑2% | $41,428,821↑46% | — |
| 2019 | $46,108,730↑4% | $44,793,049↑5% | $28,453,579 | — |
| 2018 | $44,264,598↑6% | $42,594,366↑3% | $28,390,762↑9% | — |
| 2017 | $41,812,242↑1% | $41,402,006 | $26,057,876↓1% | — |
| 2016 | $41,230,843↑6% | $41,586,751↑7% | $26,323,780↓3% | — |
| 2015 | $38,730,531↑4% | $38,809,269↑2% | $27,076,729↓2% | — |
| 2014 | $37,133,179↓2% | $38,020,411↑1% | $27,577,899↓8% | — |
| 2013 | $37,826,779 | $37,518,289 | $29,831,401 | — |
| 2012 | $37,829,679↑3% | $37,406,249↑8% | $29,933,157↓5% | — |
| 2011 | $36,747,081 | $34,715,441 | $31,484,361 | — |
Frequently Asked Questions
What does Mille Lacs Health System do?▼
Mille Lacs Health System is a health care nonprofit organization based in Minnesota. It is classified under NTEE code E220 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Mille Lacs Health System financially healthy?▼
Based on our 9-metric Financial Health Score model, Mille Lacs Health System has a score of 59/100 (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 Mille Lacs Health System generate?▼
Mille Lacs Health System reports $63.5M in annual revenue and holds $57.8M in total assets, based on IRS filings.
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