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LAKE Regional Health System

Public charityFed auditsIRS 990990-T FY2023
DBA: % KEVIN MCROBERTS
Other · OSAGE BEACH, MO · EIN 23-7339737

About

Our mission: provide exceptional healthcare. Our vision: to be the first choice for health care. Our CORE competencies: agility, community focus, service excellence. Our values: integrity, patient centered, clinical excellence, commitment to community. The system was organized in 1973 for the purpose of establishing a new hospital for medical and surgical care and for the treatment of persons residing or visiting in the LAKE of the ozarks AREA of central missouri. In the more than 40 years since then, the system has evolved to provide more comprehensive health care, including adding cardiac-care, outpatient services, cancer and orthopedic programs and continually expanding services and facilities over the years. It is now designated as a regional referral center by medicare and has nearly 1,400 employees. Its board had adopted governance BEST practices and a wide-ranging corporate compliance program. Based on periodic community assessments, the board has also committed to enhanced uncompensated care policies and numerous community programs (e.g. Health screenings, wellness enhanced and related care programs). The system is organized as a community-based nonprofit public benefit corporation under the LAWS of the state of missouri. The system OWNS and operates a 116-liceensed BED acute care hospital (the "hospital") located on highway 54 in osage beach, missouri. The hospital is licensed by the missouri department of health and accredited by the joint commission. The hospital is designated as a SOLE community hospital, meaning that the hospital is the primary health care provider for a majority of medicare patients within a 35-MILE radius of the hospital. The corporation has one active, wholly-owned for-profit subsidiary, LAKE regional medical management, INC. ("LRMM"), which operates four retail pharmacies and fifteen specialty clinics. Operations of LRMM are governed by a separate board of directors. The system is currently governed by a sixteen-member board of directors (the "board"). The board has general responsibility for the business and affairs of the system, and may do and perform ALL ACTS necessary to carry out its purposes. Under the terms of the bylaws, the members of the board serve three-year staggered terms, and new members are elected by the current board members. The officers of the board are elected by the board for two-year terms. Board members serve in a voluntary capacity and receive no remuneration for service rendered in such capacity.

In care of Kevin Mcroberts

Donations are tax-deductible
Category
Other
Employees
1,797
Volunteers
61

Financial Snapshot

FY ending 2024-04-30
Revenue
$257.5M
Expenses
$252.9M
Assets
$255.2M
Liabilities
$95.7M

Financial history

$257.5M$128.7M$0
1718192021222324
RevenueExpenses
Latest FY2024: $257.5M · Avg: $214.0M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$36K
Grants Given
LAKE REGIONAL HEALTH SYSTEM
Your actions

Address

54 Hospital DR
Osage Beach, MO, 65065-305

Governance

Voting board members16
Independent members11
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %100.0%
Endowment held by related orgNo
Public records
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