Velarion Records

Critical access hospital · International Falls, Minnesota · 14 beds · CMS certification number 241322

Rainy Lake Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 4, 2026. 24 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$40.5M
$40,485,722 · G-3 line 3
Operating expenses
$42.1M
$42,093,404 · G-3 line 4
Result from patient care
−$1.6M
−$1,607,682 · G-3 line 5
Margin on patient care
−4.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $13.0M in its first year on file (2002) to $40.5M in 2025.
  • Its result from patient care: −$1.5M (2023), −$2.9M (2024), −$1.6M (2025).
  • 3 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.

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

24 years of filings

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

Net patient revenueOperating expenses
2002
settled with audit
$13.0M
$11.1M
2003
settled with audit
$12.4M
$11.6M
2004
settled with audit
$13.8M
$12.5M
2005
settled
$14.8M
$13.1M
2006
settled with audit
$15.6M
$13.8M
2007
settled
$14.7M
$14.5M
2008
settled
$16.0M
$15.5M
2009
settled
$21.2M
$21.2M
2010
settled
$24.2M
$26.2M
2011
settled
$24.1M
$25.8M
2012
settled with audit
$25.1M
$25.6M
2013
settled
$21.8M
$25.7M
2014
settled
$20.6M
$24.8M
2015
settled with audit
$22.4M
$23.8M
2016
settled
$24.7M
$25.5M
2017
settled
$25.1M
$26.1M
2018
settled with audit
$25.7M
$25.9M
2019
settled
$29.0M
$30.1M
2020
settled
$28.9M
$28.9M
2021
settled
$31.9M
$31.1M
2022
as submitted
$32.7M
$32.9M
2023
amended
$32.1M
$33.6M
2024
amended
$34.9M
$37.8M
2025
as submitted
$40.5M
$42.1M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Rainy Lake Medical Center14$40,485,722$42,093,404−4.0%
Essentia Health Ada, Ada14$10,944,890$10,370,3555.3%
Cook Hospital, Cook14$17,333,374$18,915,011−9.1%
Lakewood Health Center, Baudette15$20,770,829$23,699,394−14.1%
Sanford Jackson Medical Center, Jackson14$15,392,581$14,593,8345.2%
Sanford Wheaton Medical Center, Wheaton15$11,511,345$11,515,043−0.0%

Patients and payers

Discharges
215
S-3 line 14, col 15
Inpatient days
1,500
S-3 line 14, col 8
Beds in use, on an average day
4.1
days ÷ days in year
Occupancy
29.3%
days ÷ bed days
Medicare share of days
62.7%
S-3 cols 6 ÷ 8

Who owns it

Related organizations on its own cost report: CMDI, radiology svcs.

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

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by INTERNATIONAL FALLS MEMORIAL (employer identification number 410726171) for tax year 2023. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$8,296,021IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$146,493IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$1,964,073IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$2,110,566IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$6,185,455IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.2472IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202413039349302536. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by INTERNATIONAL FALLS MEMORIAL (employer identification number 410726171) for tax year 2023. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ALLISON O'HARA MEYERSMEMBERTrustee/director$0$0$0
BRIAN BRIGGSSECRETARYTrustee/director, Officer$0$0$0
CRAIG BOYERCONTRACTED CFOOfficer$182,700$0$0
DANIEL MARGOGENERAL SURGEONHighest-compensated employee$340,066$0$38,571
DAVID MOYERPHYSICIANHighest-compensated employee$329,010$0$24,989
DON BILLIGMEMBER (THRU 01/23)Trustee/director$0$0$0
JAY KNAAKPHYSICIANHighest-compensated employee$251,514$0$47,452
JOHN WINKELMEMBERTrustee/director$0$0$0
JON TALSNESSVICE CHAIR (THRU 05/23)Trustee/director, Officer$0$0$0
KELLY HAGENCNOHighest-compensated employee$188,456$0$35,836
MICHELLE E DAVISHOSPITALISTHighest-compensated employee$198,708$0$34,321
RICHARD PETERSONCHAIRTrustee/director, Officer$0$0$0
ROBERT PASTOR IICEOOfficer$330,364$0$58,691
SHERRI MANNAUSAUVICE CHAIRTrustee/director, Officer$0$0$0
STEVEN LINDBERGTREASURERTrustee/director, Officer$0$0$0
SUSAN CONGRAVEMEMBERTrustee/director$0$0$0

E-file object id 202413039349302536. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 241322. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 4, 2026.