Nonprofit · EIN 41-0786046
LAKE VIEW MEMORIAL HOSPITAL INC
Tax-exempt · TWO HARBORS, MN 55616
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $26,715,699 | $23,260,509 | $3,455,190 | $55,128,971 | $15,112,217 | $40,016,754 |
| June 30, 2024 | 990 | $11,928,357 | $11,371,292 | $557,065 | $51,022,982 | $11,864,450 | $39,158,532 |
| December 31, 2023 | 990 | $23,940,143 | $22,560,517 | $1,379,626 | $43,388,439 | $11,038,310 | $32,350,129 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $26,481
- of which government grants
- $10,102
- Program service revenue
- $26,095,373
- Investment income
- $318,772
- Net rental income
- $34,395
- Other revenue
- $275,073
Expenses
- Grants and similar amounts paid
- $6,382
- Other salaries and wages
- $8,936,679
- Salaries, compensation and benefits (total)
- $11,518,367
- Professional fundraising fees
- $0
- Accounting fees
- $19,862
- Occupancy
- $442,052
- Travel
- $67,716
- Depreciation
- $1,500,322
- Program services (functional)
- $18,629,339
- Management and general (functional)
- $4,631,170
Balance sheet and other
- Total assets, start of year
- $51,022,982
- Total assets, end of year
- $55,128,971
- Total liabilities, end of year
- $15,112,217
- Net assets, end of year
- $40,016,754
- Land, buildings and equipment
- $20,183,475
- Publicly traded securities
- $12,203,707
- Net assets without donor restrictions
- $39,722,272
- Net assets with donor restrictions
- $294,482
- Gross unrelated business income
- $842,649
- Gross receipts
- $26,715,699
- Employees
- 174
- Volunteers
- 9
- Year formed
- 1955
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW HEYWOOD | PRESIDENT & CEO ASPIRUS Officer | 2 | $0 | $3,868,734 | $361,440 |
| ERIC LOHN | B.M. (THRU 09/24)/ASL CO-CEO Trustee or director | 1 | $0 | $1,107,267 | $224,034 |
| NICHOLAS VAN DEELEN MD | TREASURER/CO-PRES./CEO & CMO Trustee or director, Officer | 2 | $0 | $971,679 | $197,401 |
| JERRY M YANG | SVP-CHIEF FINANCIAL OFFICER Officer | 2 | $0 | $677,240 | $138,394 |
| GREG RUBERG | (NV) ADMINISTRATOR Officer | 5 | $0 | $279,704 | $67,025 |
| TREVOR DIERCKS | PHYSICIAN Highest-paid employee | 40 | $208,965 | $0 | $31,160 |
| ERIC HANHAN | PHYSICIAN Highest-paid employee | 40 | $214,356 | $0 | $24,016 |
| LUCAS HENNINGSEN | PHYSICIAN Highest-paid employee | 40 | $205,710 | $0 | $30,259 |
| KELSEY SCHULTZ MD | BOARD MEMBER/PHYSICIAN Trustee or director | 40 | $173,325 | $0 | $5,184 |
| SARAH ANDERSON | DIRECTOR Highest-paid employee | 40 | $129,748 | $0 | $20,867 |
| ELIZABETH EGAN | DIRECTOR Highest-paid employee | 40 | $134,507 | $0 | $10,186 |
| KIERA WILSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRIS BRELIE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANELLE JONES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICK HOGENSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WADE LEBLANC | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT LYONS | BOARD MEMBER Trustee or director | 1 | $0 |
| JOYCE SCOTT | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC LOHN TREASURER ST | B.M. (THRU 3/24) & LUKE'S HOSP CO-CEO & CFO Trustee or director, Officer | 2 | $0 |
| NICHOLAS VAN DEELEN MD ST | B.M. & LUKE'S HOSP CO-PRES/CEO & CFO Trustee or director, Officer | 2 | $0 |
| KIERA WILSON | CHAIR Trustee or director, Officer | 1 | $0 |
| CHRIS BRELIE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| WADE LEBLANC | SECRETARY Trustee or director, Officer | 1 | $0 |
| KEVIN BEARDSLEY | MEMBER Trustee or director, Officer | 1 | $0 |
| JANELLE JONES | BOARD MEMBER Trustee or director | 1 | $0 |
| RICK HOGENSON | BOARD MEMBER Trustee or director | 1 | $0 |
| KELSEY SCHULTZ MD | BOARD MEMBER & PHYSICIAN Trustee or director | 40 | $0 |
| JOYCE SCOTT | BOARD MEMBER Trustee or director | 1 | $0 |
| MATTHEW HEYWOOD | PRESIDENT & CEO ASPIRUS Officer | 2 | $0 |
| JEFFREY JONES | SVP-CFO (THRU 04/23) Officer | 2 | $0 |
| JERRY M YANG | SVP - CHIEF FINANCIAL OFFICER Officer | 2 | $0 |
| GREG RUBERG | LAKE VIEW HOSP PRESIDENT/CEO Officer | 35 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIC LOHN TREASURER ST | LUKE'S HOSP CO-PRESIDENT/CEO & CFO Trustee or director, Officer | 2 | $0 | $1,026,111 | $79,070 |
| NICHOLAS VAN DEELEN MD ST | LUKE'S HOSP CO-PRESIDENT/CEO & CMO Officer | 2 | $0 | $990,213 | $79,070 |
| GREG RUBERG | LAKE VIEW HOSP PRESIDENT/CEO Officer | 35 | $0 | $300,272 | $49,893 |
| ELIZABETH FEIST MD | PHYSICIAN Highest-paid employee | 40 | $204,256 | $0 | $35,289 |
| E TOLGA HANHAN MD | PHYSICIAN Highest-paid employee | 40 | $210,289 | $0 | $22,868 |
| TREVOR DIERCKS MD | PHYSICIAN Highest-paid employee | 40 | $199,942 | $0 | $28,624 |
| KELSEY SCHULTZ MD | DIRECTOR (AS OF 4/2023) & PHYSICIAN Trustee or director | 40 | $178,544 | $0 | $5,362 |
| CHRISTOPHER SYMONS | REGISTERED NURSE Highest-paid employee | 40 | $130,829 | $0 | $27,639 |
| ELIZABETH EGAN | DIRECTOR Highest-paid employee | 40 | $141,431 | $0 | $10,661 |
| SHAWN MCMAHON MD | DIRECTOR (UNTIL 4/2023) & PHYSICIAN Trustee or director | 40 | $103,168 | $0 | $10,993 |
| JANELLE JONES | CHAIR & DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KIERA WILSON | DIRECTOR & CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEVIN BEARDSLEY | VICE CHAIR & DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRIS BRELIE | DIRECTOR & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WADE LEBLANC | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICK HOGENSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOYCE SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 325 11TH AVE, TWO HARBORS, MN 55616-1300
- Principal officer (990 for 2024)
- MATTHEW HEYWOOD, 325 11TH AVENUE, TWO HARBORS, MN 55616
- Signed the 990
- LORI PECK, INTERIM CFO
- Phone
- (218) 834-7300
- Website
- WWW.LVMHOSPITAL.COM
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
WE HEAL PEOPLE, PROMOTE HEALTH AND STRENGTHEN COMMUNITIES.
Program accomplishments
- LAKE VIEW MEMORIAL HOSPITAL, INC. (LAKE VIEW) OPERATES A HOSPITAL AND RELATED PROGRAMS INCLUDING AMBULATORY SURGERY, EMERGENCY ROOM AND URGENT CARE, REHABILITATION, IMAGING AND LABORATORY SERVICES IN TWO HARBORS, MN. ADDITIONALLY, LAKE VIEW OPERATES PHYSICIAN CLINICS IN TWO HARBORS, MN AND SILVER BAY, MN FOR THE BENEFIT OF LAKE COUNTY AND THE SURROUNDING COMMUNITIES. IN FURTHERANCE OF ITS CHARITABLE PURPOSE, LAKE VIEW PROVIDES A VARIETY OF BENEFITS TO THE COMMUNITY, INCLUDING OFFERING VARIOUS COMMUNITY-BASED SERVICE PROGRAMS AND DONATING SPACE FOR USE BY COMMUNITY GROUPS. ADDITIONALLY, A NUMBER OF HEALTH-RELATED EDUCATIONAL PROGRAMS ARE PROVIDED FOR THE BENEFIT OF THE COMMUNITY TO IMPROVE INDIVIDUALS' STANDARD OF HEALTH. THE HOSPITAL ALSO PROVIDES MEDICAL CARE WITHOUT CHARGE OR AT REDUCED RATES TO RESIDENTS OF THE COMMUNITY, PRIMARILY THE UNINSURED AND PATIENTS EXPRESSING A WILLINGNESS TO PAY BUT ARE UNABLE DUE TO SOCIO-ECONOMIC FACTORS.Expenses $18,629,339 · grants $6,382 · revenue $25,332,808
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0786046
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1960
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E22Z)
- Assets (IRS master file)
- $55,128,971
- Income (IRS master file)
- $26,715,699
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $26,715,699 | $23,260,509 | $55,128,971 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $11,928,357 | $11,371,292 | $51,022,982 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | December 2023 | $23,940,143 | $22,560,517 | $43,388,439 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $24,788,142 | $22,281,833 | $42,274,343 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0786046).
Questions about LAKE VIEW MEMORIAL HOSPITAL INC
- What is the EIN of LAKE VIEW MEMORIAL HOSPITAL INC?
- The employer identification number (EIN) of LAKE VIEW MEMORIAL HOSPITAL INC is 41-0786046.
- Is LAKE VIEW MEMORIAL HOSPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to LAKE VIEW MEMORIAL HOSPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE VIEW MEMORIAL HOSPITAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE VIEW MEMORIAL HOSPITAL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE VIEW MEMORIAL HOSPITAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LAKE VIEW MEMORIAL HOSPITAL INC?
- The 990 for the year ended June 30, 2025 names MATTHEW HEYWOOD.
- Who are the officers and directors of LAKE VIEW MEMORIAL HOSPITAL INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 6 received compensation from the organization.
- How much revenue does LAKE VIEW MEMORIAL HOSPITAL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $26,715,699, expenses of $23,260,509 and total assets of $55,128,971 at year end.
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