Astrelis
Skilled nursing facility · Northfield, MN

LUTHERAN HOME OF THE CANNON VALLEY

CCN 245561RICE CountyLatest FY 2023
Historical record. CMS lists this CCN as terminated (voluntary - merger/closure). No successor CCN is recorded. The financials below are the historical results reported under this number and are excluded from current peer comparisons and state counts.
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read

A skilled nursing facility in Northfield, MN. It ran an operating loss of 27.7% in FY23 on $2.5M of operating revenue. It held 24 days of cash on hand. Operating margin declined from -14.5% in FY20 to -27.7% in FY23, though it rose 21.7 points in the most recent year. Including nonoperating items, the all-in result was positive at 27.1%.

Days cash on hand · FY23
24d
all sources
14.8 days vs FY22
vs SNFs
Total operating revenue · FY23
$2.5M
0.1 $M vs FY22
vs SNFs
Operating margin · FY23
-27.7%
21.7 pts vs FY22
vs SNFs
Total margin · incl. nonoperating · FY23
+27.1%
69.3 pts vs FY22
vs SNFs

Where LUTHERAN HOME OF sits among SNFs

Operating margin · FY25 pool · n = 12,481 of 13,901 filed

Each point is one SNF in the national distribution for this provider type, placed by operating margin. Facilities are not matched on size, case mix, or market — that is the matched-peer comparison in the paid benchmark. The SNF median is +1.0%. Descriptive context only, not a ranking.

-20%-10%0%+10%+20%SNF median +1.03%LUTHERAN HOME -27.73%-20%0%+20%SNF median +1.03%LUTHERAN HOME -27.73%
One snfLUTHERAN HOMESNF median

The money

$ thousands · HCRIS cost-report basis · as filed, QA-gated

Ratios tell you how this skilled nursing facility is doing. Statements tell you what kind of organization it is, and where the money comes from. Every figure below traces to a public cost-report filing, shown as filed. A ratio renders only when every input is reported in the filing; a year missing its core lines is not shown; a year whose balance sheet does not reconcile is labeled. Not audited by Astrelis.

Operating margin
-27.7% (FY23)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+27.1% (FY23)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
24d (FY23)
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
4.08× (FY23)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
49% (FY23)
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not shown, outside plausibility bounds
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line itemFY21FY22FY23
Patient revenue3,7142,5382,475
Total operating revenue3,7142,5382,475
Total operating expenses4,3323,7923,161
Operating income(617)(1,254)(686)
Operating margin %-16.6%-49.4%-27.7%
Other non-operating, net4861291,862
Net income(131)(1,125)1,176
Net income %-3.1%-42.2%+27.1%
HCRIS Worksheet G-3 (SNF) · $ thousands · FY20–FY23 · operating revenue reflects net patient revenue (the SNF form carries no other-operating split) · FY20–21 may include COVID-era relief funding in other income

How it operates

quality & operational context · CMS public reporting

The metrics this skilled nursing facility type is judged on: care quality, patient experience, and scale. Each is labeled by evidence class and public source; descriptive context only, never a ranking or adequacy claim.

Occupancy
63.5%
Verified fact2023
HCRIS WS S-1 (SNF cost report)
Medicare day share
11.9%
Verified fact2023
HCRIS WS S-1 (SNF cost report)
Medicaid day share
44.7%
Verified fact2023
HCRIS WS S-1 (SNF cost report)
Other payer day share
43.4%
Verified fact2023
HCRIS WS S-1 (SNF cost report)

Trajectory

Cost-report basis · 4 reporting years
Operating margin
-14.5%-16.6%-49.4%-27.7%FY20FY21FY22FY23
Days cash on hand
132 days85 days10 days24 daysFY20FY21FY22FY23

The county this skilled nursing facility serves

RICE County, MN
Median household income
$82.8K
vs $82.1K US · $59.7K rural median
Poverty rate
9.3%
vs 12.5% US · 14.3% rural median
Uninsured
6.4%
vs 8.6% US · 8.4% rural median
Age 65+
16.4%
vs 16.8% US · 20.6% rural median
Fair or poor health
16.0%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 8.8% of county personal income is Medicare/Medicaid medical benefits; 20.0% arrives as government transfers (BEA, 2022).
Opportunity screen · FY23
$215K

of annual opportunity identified against peer medians across 2 measures

Directional, conservative band. Arithmetic against matched-peer medians from public filings, not a projection; public data cannot fully control for patient acuity.
FY23 has not yet reached pool validity: benchmarked against the FY24 pool (n=10,689).
See what's behind this number in the Performance Benchmark →

SNF Performance Benchmark$2,500Available

Where this facility is underperforming its matched peer cohort and what that gap is worth, measure by measure. Delivered within 30 days of eligibility confirmation.

build aa21187 · 2026-07-27