CENTRACARE CLINIC (EIN 411806657) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

KENNETH D HOLMEN

Phone

3202525131

Tax Period

2022-07-01 to 2023-06-30

CENTRACARE CLINIC, founded in 1995, is a major nonprofit in the Health Care sector that reported $299.5M in total revenue in fiscal year 2022. Expenses of $373.0M exceeded revenue, resulting in a 25% operating deficit.

Mission

WE ARE HERE FOR YOUR WHOLE LIFE TO LISTEN, THEN SERVE, TO GUIDE AND HEAL BECAUSE HEALTH MEANS EVERYTHING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,304,432

Program Service Revenue $296,414,878

Investment Income $368,973

Other Revenue $1,420,807

TOTAL REVENUE $299,509,090

Expense Breakdown

Grants Paid $62

Salaries & Benefits $293,287,821

Fundraising Expenses $0

Program Expenses $293,112,238

Other Expenses $79,759,796

TOTAL EXPENSES $373,047,679

Year-over-Year Comparison

	2022	2021	Change
Revenue	$299,509,090	$299,015,522	+0.0%
Expenses	$373,047,679	$353,504,801	+0.1%
Net Income	$-73,538,589	$-54,489,279	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,054,480

Total Directors

$3,502,702

Key Employees

$4,414,820

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH HOLMEN	PRESIDENT/CEO	6.50	Officer Director	$0	$66,805	$1,761,954
CHRISTIAN SCHMIDT	DIRECTOR	1.00	Director	$0	$75,411	$608,710
BRYAN ROLPH	DIRECTOR	1.00	Director	$0	$2,519	$539,001
RICHARD WEHSELER	DIRECTOR	1.00	Director	$0	$53,982	$469,399
DAVID ANFINSON	VICE CHAIR	0.25	Officer Director	$0	$0	$33,500
STEVE LARAWAY	BOARD CHAIR	0.25	Officer Director	$0	$0	$31,500
TIM WENSMAN	DIRECTOR	0.25	Director	$0	$0	$14,638
JEFF GAU	DIRECTOR	0.25	Director	$0	$0	$12,000
MICHELLE JOHNSON	DIRECTOR	0.25	Director	$0	$0	$10,000
RENEE FRAUENDIENST	DIRECTOR	0.25	Director	$0	$0	$10,000
DAN ABDUL	DIRECTOR	0.25	Director	$0	$0	$8,000
JAMES HEBL	DIRECTOR	0.25	Director	$0	$0	$4,000
FATHER TOM KNOBLACH	DIRECTOR	0.25	Director	$0	$0	$0
JOY PLAMANN	CHIEF OPERATING OFFICER/SR VP	6.50	Officer	$0	$40,069	$860,505
MICHAEL BLAIR	CFO/SR VP/ TREASURER	6.50	Officer	$0	$73,386	$780,665
SANTO CRUZ	CLO/SR VP/ SECRETARY	6.50	Officer	$0	$51,904	$586,356
JOSEPH BLONSKI	VICE PRESIDENT	20.00	Key Emp	$0	$53,772	$837,407
CHRISTOPHER BOELTER	VICE PRESIDENT	20.00	Key Emp	$0	$1,836	$663,908
MARIA MALLORY	VICE PRESIDENT	20.00	Key Emp	$0	$39,699	$625,015
AMY PORWOLL	CISO/SR VP	8.00	Key Emp	$0	$46,279	$616,942
DIANE BUSCHENA-BRENNA	VICE PRESIDENT	20.00	Key Emp	$0	$74,061	$457,691
ANTHONY GARDNER	CMCO/SR VP	8.00	Key Emp	$0	$38,169	$431,416
MATTHEW KUNKEL	VICE PRESIDENT	20.00	Key Emp	$0	$37,151	$397,207
PHILIP LUITJENS	VICE PRESIDENT	20.00	Key Emp	$0	$40,019	$385,234
HANI ALKHATIB	PHYSICIAN	40.00	Highest	$0	$59,206	$1,523,772
CHRISTOPHER MILLER	PHYSICIAN	40.00	Highest	$0	$64,454	$1,178,487
HILARY UFEARO	PHYSICIAN	40.00	Highest	$0	$45,839	$1,124,324
KADIR MULLINGS	PHYSICIAN	40.00	Highest	$0	$2,798	$1,120,144
DAHLIA ELKADI	PHYSICIAN	40.00	Highest	$0	$70,108	$968,303
CRAIG BROMAN	FORMER OFFICER	0.00		$0	$0	$384,531

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$299,509,090	$373,047,679	$65,793,713	$-73,538,589
2022	$299,015,522	$353,504,801	$62,561,554	$-54,489,279
2021	$285,152,857	$327,355,277	$95,495,773	$-42,202,420
2020	$289,603,029	$340,533,321	$61,808,359	$-50,930,292
2019	$294,182,499	$334,589,433	$69,360,992	$-40,406,934
2018	$263,682,685	$311,881,604	$71,924,828	$-48,198,919

CENTRACARE CLINIC