ST CLOUD, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
WE ARE HERE FOR YOUR WHOLE LIFE TO LISTEN, THEN SERVE, TO GUIDE AND HEAL BECAUSE HEALTH MEANS EVERYTHING.
MEDICAL PROFESSIONAL SERVICES CENTRACARE CLINIC (CCC) PROVIDES A WIDE RANGE OF PRIMARY CARE AND SPECIALTY MEDICAL SERVICES THROUGH A MULTI SPECIALTY CLINIC STRUCTURE AS THE PHYSICIAN COMPONENT OF...
MEDICAL PROFESSIONAL SERVICES CENTRACARE CLINIC (CCC) PROVIDES A WIDE RANGE OF PRIMARY CARE AND SPECIALTY MEDICAL SERVICES THROUGH A MULTI SPECIALTY CLINIC STRUCTURE AS THE PHYSICIAN COMPONENT OF CENTRACARE HEALTH, AN INTEGRATED HEALTH CARE DELIVERY SYSTEM.CCC'S FORMALLY ADOPTED CORE VALUES ARE:PATIENT CENTERED: SERVING PATIENTS ABOVE ALL.INTEGRITY: ADHERING TO HONEST AND ETHICAL PRACTICES.COLLABORATION: WORKING JOINTLY WITH OTHERS TO IMPROVE HEALTH AND HEALTH CARE.COMPASSION: SERVING ALL WHO SEEK OUR CARE WITH KINDNESS, DIGNITY AND RESPECT.STEWARDSHIP: ENSURING RESPONSIBLE USE OF ALL RESOURCES TO BEST SERVE OUR COMMUNITIES. CCC ACHIEVES THESE VALUES THROUGH SERVICES PROVIDED BY A TEAM OF PHYSICIANS, ADVANCED PRACTICE PROVIDERS, NURSES, DIETICIANS, EDUCATORS AND OTHER HEALTH CARE PROFESSIONALS. MANY SERVICES ARE PROVIDED TO THE GROWING DIVERSE POPULATION IN CENTRAL MINNESOTA. CCC ALSO PROVIDES THE PROFESSIONAL STAFFING FOR DESIGNATED RURAL HEALTH CLINICS AND HEALTH MANPOWER SHORTAGE AREAS SERVED BY CENTRACARE HEALTH IN RURAL MINNESOTA. THE MAJOR ACTIVITES PROVIDED TO THE COMMUNITY INCLUDE CLINIC VISITS, HOSPITAL VISITS, NURSING HOME VISTIS, SURGICAL AND MINOR SURGICAL VISITS, LABORATORY VISITS, IMMUNIZATIONS AND INJECTIONS, RADIOLOGY TESTS, AND SPECIAL PROCEDURES.
CCC PARTICIPATES IN A WIDE VARIETY OF GOVERNMENTAL HEALTHCARE PROGRAMS INCLUDING: MEDICARE, MEDICAID, MINNESOTA CARE, MINNESOTA GENERAL ASSISTANCE AND PROGRAMS FOR MILITARY, VETERANS AND THEIR...
CCC PARTICIPATES IN A WIDE VARIETY OF GOVERNMENTAL HEALTHCARE PROGRAMS INCLUDING: MEDICARE, MEDICAID, MINNESOTA CARE, MINNESOTA GENERAL ASSISTANCE AND PROGRAMS FOR MILITARY, VETERANS AND THEIR FAMILIES. FOR THE YEAR ENDED JUNE 30, 2023, CCC INCURRED COSTS OF $136,443,156 IN EXCESS OF PAYMENTS RECEIVED FOR SERVICES TO PATIENTS COVERED UNDER THESE PROGRAMS AND TAXES AND FEES RELATING TO THESE PROGRAMS.GOVERNMENTAL HEALTHCARE PROGRAMS PROVIDER REIMBURSEMENT AMOUNTS ARE BELOW THE COSTS THE PROVIDER INCURS TO PROVIDE THESE SERVICESMEDICARE COSTS IN EXCESS OF PAYMENTS $81,697,921MEDICAID COSTS IN EXCESS OF PAYMENTS $41,147,827SURCHARGES, FEES AND MINNESOTACARE TAX $2,768,304MILITARY COSTS IN EXCESS OF PAYMENTS $10,829,104
CCC SUPPORTS A WIDE VARIETY OF PATIENTS WHO EXPRESS A WILLINGNESS TO PAY BUT ARE UNABLE TO DO SO DUE TO SOCIOECONOMIC FACTORS. ADDITIONALLY CCC RECORDS BAD DEBT AT TIMES WHEN IT IS UNABLE TO RECEIVE...
CCC SUPPORTS A WIDE VARIETY OF PATIENTS WHO EXPRESS A WILLINGNESS TO PAY BUT ARE UNABLE TO DO SO DUE TO SOCIOECONOMIC FACTORS. ADDITIONALLY CCC RECORDS BAD DEBT AT TIMES WHEN IT IS UNABLE TO RECEIVE PAYMENT FOR SERVICES PROVIDED. FOR THE YEAR ENDED JUNE 30, 2023, $7,530,217 OF UNCOMPENSATED CARE WAS PROVIDED. $846,483 OF CHARITY CARE WAS PROVIDED UNDER THE ORGANIZATION'S FINANCIAL ASSISTANCE PROGRAM. THE FINANCIAL ASSISTANCE PROGRAM PROVIDES PATIENTS WILLING, BUT UNABLE TO PAY, TO HAVE PATIENT BALANCES OTHERWISE DUE, REDUCED OR WAIVED. THE FINANCIAL ASSISTANCE PROGRAM ENSURES THE PATIENTS OF THE COMMUNITIES SERVED BY CCC HAVE ACCESS TO QUALITY MEDICAL CARE SERVICES REGARDLESS OF THEIR ABILITY TO PAY. CCC PROVIDES SERVICES TO ALL IN NEED AND AT TIMES PATIENT ACCOUNT BALANCES GO UNPAID, KNOWN AS BAD DEBT, THESE BAD DEBT AMOUNT FOR THE YEAR ENDED JUNE 30, 2023 TOTALED $6,683,734.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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