Civic Intelligence

Sky Lakes Medical Center

EIN 93-0508781 • 501(c)3 • Klamath Falls, OR

Profile

Sky lakes medical center will continually strive to reduce the burden of illness, injury and disability, and to improve the health, self- reliance and well-being of the people we serve. We will demonstrate that we are competent and caring in all we do. We shall endeavor to be so successful in this effort that we will become a preeminent healthcare center.

2865 Daggett AvenueKlamath Falls, OR 97601

www.skylakes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.24x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.12x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

37th percentile

0.7%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$1,143,140

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

27th percentile

1.2%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

4.0%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$478,660,589

Up $5,615,377 (+1.2%) from 2023

Liabilities

Down

$113,050,466

Down $12,288,684 (-9.8%) from 2023

Net Assets

Up

$365,610,123

Up $17,904,061 (+5.1%) from 2023

Revenue

Up

$922,945,437

Up $35,787,309 (+4.0%) from 2023

Expenses

Up

$916,088,802

Up $30,715,546 (+3.5%) from 2023

Net Income

Up

$6,856,635

Up $5,071,763 (+284%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $158,047,175Liabilities 2010: $64,829,606Net Assets 2010: $93,217,5692010Assets 2011: $175,539,803Liabilities 2011: $67,929,677Net Assets 2011: $107,610,1262011Assets 2012: $194,957,124Liabilities 2012: $69,739,902Net Assets 2012: $125,217,2222012Assets 2013: $216,824,030Liabilities 2013: $76,047,401Net Assets 2013: $140,776,6292013Assets 2014: $237,247,168Liabilities 2014: $73,906,485Net Assets 2014: $163,340,6832014Assets 2015: $287,290,341Liabilities 2015: $96,000,250Net Assets 2015: $191,290,0912015Assets 2016: $334,383,334Liabilities 2016: $113,037,601Net Assets 2016: $221,345,7332016Assets 2017: $352,003,938Liabilities 2017: $113,903,102Net Assets 2017: $238,100,8362017Assets 2018: $379,169,745Liabilities 2018: $119,660,072Net Assets 2018: $259,509,6732018Assets 2019: $416,863,008Liabilities 2019: $130,070,850Net Assets 2019: $286,792,1582019Assets 2020: $459,854,725Liabilities 2020: $149,112,608Net Assets 2020: $310,742,1172020Assets 2021: $484,927,036Liabilities 2021: $159,572,466Net Assets 2021: $325,354,5702021Assets 2022: $457,933,824Liabilities 2022: $115,980,458Net Assets 2022: $341,953,3662022Assets 2023: $473,045,212Liabilities 2023: $125,339,150Net Assets 2023: $347,706,0622023Assets 2024: $478,660,589Liabilities 2024: $113,050,466Net Assets 2024: $365,610,1232024

Highlighted filing

2024

Assets$478,660,589
Liabilities$113,050,466
Net Assets$365,610,123

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0B$500M$0Expenses 2010: $305,652,6402010Expenses 2011: $341,657,3512011Expenses 2012: $375,322,8932012Expenses 2013: $432,867,9902013Revenue 2014: $510,917,619Expenses 2014: $488,333,644Net Income 2014: $22,583,9752014Revenue 2015: $546,332,326Expenses 2015: $517,688,359Net Income 2015: $28,643,9672015Revenue 2016: $600,078,832Expenses 2016: $570,394,814Net Income 2016: $29,684,0182016Revenue 2017: $626,999,078Expenses 2017: $612,370,171Net Income 2017: $14,628,9072017Revenue 2018: $646,876,631Expenses 2018: $628,664,655Net Income 2018: $18,211,9762018Revenue 2019: $679,891,837Expenses 2019: $656,398,667Net Income 2019: $23,493,1702019Revenue 2020: $667,970,427Expenses 2020: $646,340,655Net Income 2020: $21,629,7722020Revenue 2021: $730,315,098Expenses 2021: $722,612,979Net Income 2021: $7,702,1192021Revenue 2022: $838,214,455Expenses 2022: $822,886,763Net Income 2022: $15,327,6922022Revenue 2023: $887,158,128Expenses 2023: $885,373,256Net Income 2023: $1,784,8722023Revenue 2024: $922,945,437Expenses 2024: $916,088,802Net Income 2024: $6,856,6352024

Highlighted filing

2024

Revenue$922,945,437
Expenses$916,088,802
Net Income$6,856,635

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$479$113$366$923$916$6.86
2023Detailed filing. Detailed filing data is available for this year.$473$125$348$887$885$1.78
2022Detailed filing. Detailed filing data is available for this year.$458$116$342$838$823$15.3
2021Detailed filing. Detailed filing data is available for this year.$485$160$325$730$723$7.70
2020Detailed filing. Detailed filing data is available for this year.$460$149$311$668$646$21.6
2019Detailed filing. Detailed filing data is available for this year.$417$130$287$680$656$23.5
2018Detailed filing. Detailed filing data is available for this year.$379$120$260$647$629$18.2
2017Detailed filing. Detailed filing data is available for this year.$352$114$238$627$612$14.6
2016Detailed filing. Detailed filing data is available for this year.$334$113$221$600$570$29.7
2015Detailed filing. Detailed filing data is available for this year.$287$96.0$191$546$518$28.6
2014Detailed filing. Detailed filing data is available for this year.$237$73.9$163$511$488$22.6
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$217$76.0$141$433
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$195$69.7$125$375
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$176$67.9$108$342
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$158$64.8$93.2$306
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 4, 2025
Return Version
2023v6.0
Gross Receipts
$942,397,487
Mission and Program Overview

Mission

Sky lakes medical center will continually strive to reduce the burden of illness, injury and disability, and to improve the health, self- reliance and well-being of the people we serve. We will demonstrate that we are competent and caring in all we do. We shall endeavor to be so successful in this effort that we will become a preeminent healthcare center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$144,868,046$155,221,556▲ $10,353,510
Land, Buildings, and Equipment, Net$124,924,155$116,993,084▼ $7,931,071
Accounts Receivable$34,975,509$44,410,748▲ $9,435,239
Savings and Temporary Cash Investments$229,030$23,140,232▲ $22,911,202
Investments in Publicly Traded Securities$24,748,464$10,776,225▼ $13,972,239
Inventories for Sale or Use$9,553,697$10,328,099▲ $774,402
Prepaid Expenses and Deferred Charges$7,432,567$6,409,661▼ $1,022,906
Cash and Non-Interest-Bearing Accounts$17,407,657$5,586,257▼ $11,821,400
Receivables From Officers Etc$1,848,826$2,027,095▲ $178,269
Total Assets$473,045,212$478,660,589▲ $5,615,377
Other Assets Total$107,057,261$103,767,632▼ $3,289,629
Liabilities
Tax Exempt Bond Liabilities$65,865,015$60,546,157▼ $5,318,858
Accounts Payable and Accrued Expenses$47,463,273$46,265,540▼ $1,197,733
Other Liabilities$9,803,936$3,433,281▼ $6,370,655
Deferred Revenue$2,206,926$2,805,488▲ $598,562
Total Liabilities$125,339,150$113,050,466▼ $12,288,684
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$347,706,062$365,610,123▲ $17,904,061
Total Net Assets Fund Balance$347,706,062$365,610,123▲ $17,904,061
Total Liabilities and Net Assets / Fund Balance$473,045,212$478,660,589▲ $5,615,377

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$92,566,363$104,128,072$196,694,435
Equipment$14,481,941$83,278,398$97,760,339
Leasehold Improvements$2,293,831$5,051,784$7,345,615
Land$5,158,668-$5,158,668
Other Land Buildings$2,492,281$578,971$3,071,252
Other Assets Org$77,240,345--
Other Securities$5,618,046--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$7,550,481$57,022▲ $2,655,149$124,709$10,137,943
2022$6,328,288$140,000▲ $1,223,786$141,593$7,550,481
2021$6,981,087$674,284▼ $1,322,860-$6,328,288
2020$5,079,505$220,491▲ $1,757,202$37,111$6,981,087
2019$4,567,616$1,700▲ $538,586$-714$5,079,505
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Naraghi Fred FMedical ProviderFT$1,098,559$44,581$1,143,140
Kubac GeorgeMedical ProviderFT$806,960$34,155$841,115
Ogao JaredMedical ProviderFT$663,298$52,375$715,673
Hassan AmrMedical ProviderFT$605,989$102,484$708,473
Smith Stanton TMedical ProviderFT$625,088$54,322$679,410
Cauble David aPresident & CEOFT$607,563$41,529$649,092
Rico Richard EVP & CFOFT$431,365$156,427$587,792
G Scott Mccreadie MdBoard Member, Medical DirectorFT$452,704$77,456$530,160
Stewart PaulFormer CEOFT$274,395$17,851$292,246

Board Members and Trustees

NameTitle
John BellChairman
Rod WendtVice Chairman
David StorkBoard Member
Douglas Mcinnis DvmBoard Member
Heidi Neel BiggsBoard Member
Radu MoisaBoard Member
Wendy Warren MdBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Klamath Orthopedic ClinicPhysician Practice2200 BRYANT WILLIAMS DR, Klamath Falls, OR 97601$11,479,928
Edward Scott HudsonStaffing Services4625 NADINE LN, Franklin, TN 37064$9,531,897
Medical SolutionsStaffing Services1010 N 102ND STREET SUITE 300, Omaha, NE 68114$5,794,736
Klamath Radiology AssociatesPhysician Practice2900 DAGGETT AVE, Klamath Falls, OR 97601$5,526,044
Modoc Contracting Company INCConstruction4027 HWY 39, Klamath Falls, OR 97603$5,018,184
Revenue and Support

Revenue Composition

Contributions and Grants
$1,335,160
Program Service Revenue
$916,106,568
Investment Income
$-701,782
Other Revenue
$6,205,491
Change in Net Assets
$6,856,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$715,266,162
Salaries, Compensation, and Employee Benefits$180,701,648
Grants and Similar Amounts Paid$20,120,992
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$131,108,702$14,449,061-$145,557,763
Fees for Services Other$38,992,223$18,606-$39,010,829
Grants to Domestic Individuals$19,961,444--$19,961,444
Other Employee Benefits$14,972,837$1,913,347-$16,886,184
Information Technology$884,163$12,423,608-$13,307,771
All Other Expenses$7,194,480$4,848,385-$12,042,865
Depreciation Depletion$11,423,484$465,378-$11,888,862
Payroll Taxes$7,746,499$1,535,154-$9,281,653
Pension Plan Contributions$6,152,194$898,634-$7,050,828
Other Expenses$5,154,316$437,907-$5,154,316
Occupancy$1,939,485$1,698,748-$3,638,233
Interest$3,448,578--$3,448,578
Insurance$2,401,997$660,781-$3,062,778
Current Officers, Directors, Trustees, and Key Employees-$1,925,220-$1,925,220
Office Expenses$668,054$977,376-$1,645,430
Fees for Services Management$172,452$1,326,139-$1,498,591
Conferences and Meetings$483,240$247,489-$730,729
Advertising$150,728$425,431-$576,159
Fees for Services Legal-$207,968-$207,968
Fees for Services Accounting-$196,263-$196,263
Grants to Domestic Orgs$159,548--$159,548
Travel$57,319--$57,319
Total Functional Expenses$871,433,307$44,655,495$0$916,088,802
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of KlamathKlamath Falls, OR501(c)(3)Community Sponsorship$50,000
Oregon Institute of TechnologyKlamath Falls, ORGovernmentRespiratory Care Equipment$37,500
City of Klamath FallsKlamath Falls, ORGovernment11th Street Park Maintanence & Everyone Swims Program$21,548
Klamath County FairKlamath Falls, ORGovernmentFair Sponsorship$10,000
Klamathlake Council of AgingKlamath Falls, OR501(c)(3)Meals on Wheels Donation$10,000
Oregon Tech Foundation IncKlamath Falls, OR501(c)(3)Event Sponsorship$10,000
Oregon Tech Athletic DepartmentKlamath Falls, ORGovernmentPink Out Advertising$5,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,848,826$2,027,095▲ $178,269
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Estimated Third-party Payor Settlements$1,751,634
Rou Lease Liabilities$1,681,647

Bond Issues

BondIssuerIssuedIssue PricePurpose
AKlamath Falls Intercommunity Hospital Authority2016-06-23$59,146,386Refunding of 2006 bonds; new medical office buildings; parking facilities
BKlamath Falls Intercommunity Hospital Authority2022-12-14$11,000,000Refunding of 2012 bonds; cafeteria remodel

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$59,146,386$33,299,530$983,000$846,856
B$11,000,000$5,366,720-$220,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the controller, cfo and other staff before filing.

Form 990, Part VI, Section B, Line 12C

It is the duty of the board of directors of sky lakes medical center to safeguard the tax exempt status of sky lakes medical center, and as such the board will take seriously any conflict of interest on the part of any board member or potential board member. All board members and potential members must disclose the existence of any actual or potential conflict of interest. An updated statement of such potential conflicts shall be submitted yearly by all board members for review at the board's annual meeting. After disclosure of the potential conflict of interest and after any discussion with the interested party, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists. The minutes of the board and all committees of the board shall contain 1) the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest; 2) the nature of the financial interest; 3) the names of the persons who were present for the discussions and votes relating to the transaction or arrangement; 4) the content of the discussion including any alternatives to the proposed transaction or arrangement; 5) any action taken to determine whether a conflict of interest was present; and, 6) the board or committee's decision as to whether a conflict of interest in fact existed.

Form 990, Part VI, Section B, Line 15

The compensation committee of the board of directors reviews comparative data for the ceo. For the ceo position only, the evaluation committee completes a personnel action form, which is signed by the board chair. For all vp positions, all evaluations are made by the ceo, based on a review of market data. The compensation review process is completed annually.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are all made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sky Lakes Medical Center
EIN
93-0508781
Phone
5412746311
Address
2865 DAGGETT AVENUE, KLAMATH FALLS, OR 97601

Signing Officer

Name
Andrew Molatore
Title
CFO
Phone
5412746150
Signed
2025-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Cauble
Formed
1979
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
6
Employees
1,990
Volunteers
94

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
805 SW BROADWAY STE 1400, PORTLAND, OR 97205
Preparer
Wendy Campos
Phone
5032421447
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Book/tax difference from partnerships -67,691.

Financial Statement Notes

PART V, LINE 4:

Endowments are held by a related organization, sky lakes medical center foundation, for the benefit of sky lakes medical center.

PART X, LINE 2:

Uncertain tax position footnote - the medical center and foundation are tax-exempt organizations and are not subject to state or federal income taxes, except on unrelated business income, in accordance with section 501(c)(3) of the internal revenue code. The medical center and foundation had no unrecognized tax benefits at september 30, 2024 or 2023. The medical center and foundation recognize interest accrued and penalties related to unrecognized tax benefits as an administrative expense. During the years ended september 30, 2024 and 2023, the medical center and foundation recognized no interest and penalties. The medical center files an exempt organization information return and an unrelated business income tax return in the u.s. Federal jurisdiction and an unrelated business income tax return with the oregon department of revenue. The foundation files an exempt organization information return in the u.s. Federal jurisdiction.

Raw XML AppendixShowing 400 of 1,312 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0PATIENT CARE - ACUTE INPATIENT CARE FOR ADULT AND PEDIATRIC PATIENTS; A LEVEL III TRAUMA EMERGENCY DEPARTMENT; SERVICES RELATED TO CHILD ABUSE, HOME CARE, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES; A CANCER TREATMENT CENTER WITH BOTH MEDICAL AND RADIATION ONCOLOGY; AND DIAGNOSTIC TESTING (LABORATORY AND DIAGNOSTIC IMAGING) AVAILABILITY IN SETTINGS AROUND THE COMMUNITY.UNCOMPENSATED CARE - CHARGES WRITTEN OFF UNDER OUR BROAD-REACHING CHARITY CARE POLICY TOTALED $19,670,284. IN ADDITION TO CHARITY CARE WRITEOFFS, CHARGES WRITTEN OFF AS BAD DEBT TOTALED $5,154,316.EDUCATIONAL SUPPORT - SKY LAKES MEDICAL CENTER COMMITS SIGNIFICANT DOLLARS AND HOURS TO BENEFIT EDUCATIONAL EFFORTS IN AND FOR THE COMMUNITY. AMONG THOSE COMMITMENTS ARE THE FOLLOWING: OREGON HEALTH & SCIENCE UNIVERSITY AFFILIATED FAMILY PRACTICE RESIDENCY PROGRAM AND CLINIC; AN RN I TRAINING PROGRAM TO INCLUDE 6 MONTHS OF ONE-ON-ONE SUPERVISED ORIENTATION TO THE INPATIENT CARE AREAS; AWARDING OF SCHOLARSHIPS TO COMMUNITY MEMBERS AND/OR EMPLOYEES IN HEALTHCARE- RELATED PROGRAMS; A HOSPITAL DEPARTMENT, LEARNING RESOURCES, DEDICATED TO THE EDUCATION OF PHYSICIANS, EMPLOYEES AND COMMUNITY MEMBERS; COMMITMENT TO EMPLOYEES ACTING, EITHER FULL-TIME OR PART-TIME, AS INSTRUCTORS IN ACCREDITED COURSES AT THE HIGH SCHOOL, COMMUNITY COLLEGE OR UNIVERSITY LEVEL; STIPEND PAYMENTS TO STUDENTS PERFORMING WORK AND/OR ON-THE-JOB TRAINING WITHIN THE HOSPITAL SETTING; TUITION REIMBURSEMENTS PAID TO EMPLOYEES ENROLLED IN COLLEGE-LEVEL COURSEWORK; JOINT PARTICIPATION IN A SIMULATION LABORATORY WITH OIT; FREE OR MINIMAL COST COMMUNITY EDUCATIONAL OPPORTUNITIES SUCH AS DIABETES EDUCATION, NUTRITION AND OTHER EDUCATION PROGRAMS IN OR FOR THE SCHOOLS; AND HEALTH FAIRS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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