IRS Form 990 · EIN 20-0100365

Farmington Health Services

Farmington, MN 55024-1188 · Tax year 2023

NTEE E21Hospital System

$13.2M

Total revenue

$13.5M

Total expenses

$46K

Net income

0.3%

Operating margin

Financial summary

Compared to 32 organizations with NTEE E21 in MN

Avg revenue (peers)

$1.22B

This org:$13.2M

Avg net income (peers)

$14.2M

This org:$46K

Avg top exec comp (peers)

$1.1M

This org (highest):$32K

22 officers + key employees from the most recent Schedule J filing (FY2022; the financial summary above is FY2023)

Name	Title	Hours/wk	Base comp	Total comp
CAROL RAW	CEO	1	—	$32K
CHAD MEYER	VP BEH-DEV S	—	—	$26K
SHANE ROCHE	ADMINISTRATO	—	—	$24K
CAMI PETERSON-DEVRIES	VP - SENIOR	1	—	$23K
GEOFF RYAN	SEN SER REG	—	—	$23K
KELLI HILLS	NAR	—	—	$22K
JOSEPHA RAKOW	LFH NURSING	—	—	$20K
MARI CHAMBERS	CFO/VP FINAN	1	—	$11K
SHERRY WAGNER	CONTROLLER I	—	—	$6K
PAUL JAMES RENTZ	DIRECTOR	1	—	—
FATHER TODD PATRICK SCHNEIDER	DIRECTOR	1	—	—
JENNIFER JEANNE SEALES	DIRECTOR	1	—	—
TAMELA JEAN SPERR	DIRECTOR	1	—	—
LORRAINE ANN WIESE	SECR. / TRES	1	—	—
DANIEL LEE DRIPPS	DIRECTOR	1	—	—
DOUGLAS WILLIAM EHLERS	DIRECTOR	1	—	—
JENNIFER ANN GOODNOUGH	CHAIR	1	—	—
TIMOTHY CHRIS GRAMM	DIRECTOR	1	—	—
PAUL JOSEPH LETENDRE	DIRECTOR	1	—	—
JOHN HENRY LUETMER	DIRECTOR	1	—	—
PATRICK GARY NELSON	VICE CHAIR	1	—	—
JOAN ELLEN REICOSKY	DIRECTOR	1	—	—

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2023	$13.2M	$13.5M	$46K	$20.5M
2022	$11.5M	$13.0M	$5K	$21.8M
2021	$12.7M	$12.8M	$-109K	$23.4M
2020	$10.6M	$12.1M	$-1.5M	$22.0M
2019	$2.2M	$2.5M	$-279K	$22.6M
2018	$8.0M	$7.7M	$300K	$15.3M
2017	$8.3M	$8.2M	$-10K	$10.8M
2016	$7.7M	$7.6M	$-5K	$11.2M
2015	$7.5M	$7.0M	$-16K	$11.7M
2014	$7.9M	$7.4M	$-3K	$11.7M

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