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Lakewood Regional Healthcare Foundation

EIN 41-1893795 · Phoenix, AZ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceFair68 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Raising each dollar of donations cost 160 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

LAKEWOOD REGIONAL HEALTHCARE FOUNDATION'S MISSION IS TO ENSURE ACCESSIBLE, AFFORDABLE HEALTHCARE AND RELATED SERVICES OF THE HIGHEST QUALITY FOR ALL RESIDENTS OF BAUDETTE, LAKE OF THE WOODS COUNTY AND COMMUNITIES IN THE SURROUNDING AREA.

Income
$367,875
Spending
$207,385
Spent on programs
84%
Reserves
Over 10 years of spending
Largest source of income
investment income, 98%
Employees
0
Volunteers
2
Highest pay
$368,286, market cfo

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 59% of charities in its peer group (health care, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 44% of income.

  • Income trend

    15 of 15

    Income rose 48% on the year before.

  • Spending floor

    0 of 15

    84% of spending went to programs and raising each dollar of donations cost 160 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 68 out of 100. Higher than 37% of charities in its peer group (health care, $250k to $1m).

  • Independent board

    5 of 25

    2 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $173,978 spent. LAKEWOOD REGIONAL HEALTHCARE FOUNDATION (THE FOUNDATION) IS A VOLUNTEER FUNDRAISING AND PUBLIC RELATIONS ORGANIZATION SERVING THE HEALTH CARE NEEDS OF THE RESIDENTS AND VISITORS IN BAUDETTE, LAKE OF THE WOODS COUNTY, AND THE SURROUNDING COMMUNITIES SERVED BY LAKEWOOD HEALTH CENTER, D.B.A, CHI LAKEWOOD HEALTH (THE HOSPITAL), THROUGH SUPPORT OF HEALTH CARE SERVICES AND FACILITIES, EDUCATION PROGRAMS RELATED TO HEALTH CARE, AND OTHER COMMUNITY HEALTH CARE PROGRAMS AND ORGANIZATIONS. LAKEWOOD REGIONAL HEALTHCARE FOUNDATION ACTIVELY PURSUES GRANT OPPORTUNITIES TO HELP IMPROVE THE FACILITY AND HEALTH RELATED SERVICES IN OUR AREA. THE FOUNDATION ALSO DIRECTS STRATEGIC SPENDING ON ELIGIBLE ENDOWMENT EARNINGS. OTHER PROJECTS AND PROGRAMS THAT ARE CURRENTLY ESTABLISHED TO HELP SUPPORT A HEALTHIER COMMUNITY INCLUDE: LAKEWOOD HEALTH CENTER: IS A LICENSED 32 BED SKILLED NURSING FACILITY LOCATED ON THE CHI LAKEWOOD HEALTH CAMPUS. MEMORIALS CAN BE MADE TO THE FOUNDATION FOR HEALTH CENTER USE. DONORS CAN REQUEST TO PURCHASE SOMETHING SPECIFIC OR JUST ASK THAT THE FUNDS BE USED FOR THE CARE CENTER'S GREATEST NEEDS. SCHOLARSHIPS - OFFERING SCHOLARSHIPS TO GRADUATING SENIORS WHO WILL BE MAJORING IN A HEALTH CARE RELATED PROGRAM. IN ADDITION, POST FRESHMAN/CONTINUING EDUCATION SCHOLARSHIPS TO THOSE STUDENTS WHO HAVE COMPLETED AT LEAST ONE YEAR OF POST-SECONDARY EDUCATION AND WILL BE ENROLLED AS A FULL-TIME STUDENT IN THE FALL. AMBULANCE SERVICE: LAKE OF THE WOODS AMBULANCE SERVICE IS A CRITICAL ASPECT OF PATIENT CARE FOR RESIDENTS AND VISITORS OF LAKE OF THE WOODS COUNTY, AS WELL AS THE ADJOINING COUNTIES OF BELTRAMI AND KOOCHICHING. THE GOAL OF THE AMBULANCE SERVICE IS TO PROVIDE SAFE, COMFORTABLE AND EFFICIENT TRANSPORT OF PATIENTS LOCALLY AND TO OTHER FACILITIES IN THE REGION. DONATIONS TO THE AMBULANCE SERVICE CAN BE MADE TO THE FOUNDATION TO HELP FUND THIS IMPORTANT SERVICE.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1998.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.