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Critical access hospital · Baudette, Minnesota · 15 beds · CMS certification number 241301

Lakewood Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 15, 2025. 26 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$20.8M
$20,770,829 · G-3 line 3
Operating expenses
$23.7M
$23,699,394 · G-3 line 4
Result from patient care
−$2.9M
−$2,928,565 · G-3 line 5
Margin on patient care
−14.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $5.6M in its first year on file (2000) to $20.8M in 2025.
  • Its result from patient care: −$5.7M (2023), −$4.2M (2024), −$2.9M (2025).
  • 4 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 1.6% of its inpatient days and Medicare for 44.7%.
  • COMMONSPIRIT HEALTH holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

26 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2000
reopened
$5.6M
$5.9M
2001
reopened
$7.4M
$7.5M
2002
reopened
$8.9M
$8.5M
2003
reopened
$9.5M
$9.3M
2004
settled
$9.5M
$9.6M
2005
settled
$10.4M
$9.9M
2006
settled
$10.5M
$10.8M
2007
reopened
$11.6M
$12.7M
2008
reopened
$12.8M
$13.8M
2009
settled
$13.8M
$13.8M
2010
settled with audit
$13.7M
$14.0M
2011
settled with audit
$14.9M
$14.1M
2012
settled
$14.5M
$13.6M
2013
reopened
$14.2M
$14.7M
2014
settled with audit
$15.5M
$16.5M
2015
settled
$14.5M
$17.4M
2016
settled
$15.2M
$15.8M
2017
settled
$13.5M
$16.2M
2018
settled
$13.3M
$15.4M
2019
settled
$13.6M
$16.5M
2020
settled
$12.6M
$16.7M
2021
reopened
$13.5M
$17.3M
2022
settled
$14.2M
$19.3M
2023
settled
$14.3M
$20.1M
2024
settled
$17.4M
$21.6M
2025
as submitted
$20.8M
$23.7M

Beside its peers

Critical access hospitals in Minnesota with under 25 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Lakewood Health Center15$20,770,829$23,699,394−14.1%
North Shore Health, Grand Marais16$25,050,131$26,723,168−6.7%
Ely-Bloomenson Community Hospital, Ely16$26,993,858$32,093,073−18.9%
Essentia Health Holy Trinity Hospital, Graceville15$12,506,747$12,838,504−2.6%
Olivia Hospital & Clinic, Olivia16$71,690,189$34,107,64152.4%
Sanford Wheaton Medical Center, Wheaton15$11,511,345$11,515,043−0.0%

Patients and payers

Discharges
138
S-3 line 14, col 15
Inpatient days
1,027
S-3 line 14, col 8
Beds in use, on an average day
2.8
days ÷ days in year
Occupancy
18.8%
days ÷ bed days
Medicare share of days
44.7%
S-3 cols 6 ÷ 8
Medicaid share of days
1.6%
S-3 cols 7 ÷ 8

Who owns it

  • COMMONSPIRIT HEALTH100%

Related organizations on its own cost report: CSH (100%).

Other hospitals with the same owner: Yavapai Regional Medical Center (AZ), St. Joseph's Hospital and Medical Center (AZ), Chandler Regional Medical Center (AZ), Mercy Gilbert Medical Center (AZ), Dignity Health Arizona General Hospital (AZ), Dignity Health Arizona General Hospital (AZ), CHI St. Vincent Infirmary (AR), CHI St. Vincent Hospital Hot Springs (AR), St. Vincent Medical Center North (AR), CHI St. Vincent Morrilton (AR).

Type of control on its cost report: voluntary nonprofit, church.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by LAKEWOOD HEALTH CENTER (employer identification number 410758434) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$1,421,414IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$95,485IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$1,054,152IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$1,149,637IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$271,777IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0733IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202441309349302194. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by LAKEWOOD HEALTH CENTER (employer identification number 410758434) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
BENJAMIN KOPPELMANFORMER PRESIDENTFormer$0$354,403$51,429
BRAD NYLANDERBOARD CHAIRTrustee/director, Officer$0$0$0
BRENT NOBLESUPERVISOR-PHARMACYHighest-compensated employee$133,822$0$20,669
CLYDE STEPHENSPHYS ASST FAMILY MEDICINEHighest-compensated employee$190,273$0$13,437
DAVID JONESDIRECTOR/MARKET PRESIDENT REG HOSPITALSTrustee/director$0$307,588$30,939
DR JUSTIN QUOPHYSICIAN/BOARD MEMBERTrustee/director$325,774$0$55,511
FAHD ARAFATPHYSICIAN EMERGENCY MEDICINEHighest-compensated employee$145,893$0$0
JAY ROSSCFO / TREASUREROfficer$0$164,059$39,394
JEFFRY STAMPOHARPRESIDENTTrustee/director, Officer$216,953$0$50,143
JULIE GOEBELDIVISION SVP COO/PARTIAL YEAR DIRECTORTrustee/director$0$365,482$21,111
KRISTI BOWMANSECRETARYOfficer$46,090$0$21,258
KRISTIN COAUETTECARE MANAGER RNHighest-compensated employee$199,839$3,004$29,729
NICK O'TOOLDIV VP FINANCEOfficer$0$257,678$47,032
ROBIN CONAWAYCOORDINATOR RN NON-UNIONHighest-compensated employee$145,544$0$25,740
SISTER BERNICE EBNERVICE CHAIRTrustee/director, Officer$0$0$0

E-file object id 202441309349302194. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 241301. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read December 15, 2025.