CENTRACARE HEALTH SYSTEM (EIN 411813221) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

KENNETH D HOLMEN MD

Phone

3202512700

Tax Period

2023-07-01 to 2024-06-30

CENTRACARE HEALTH SYSTEM, founded in 1995, is a major nonprofit in the Health Care sector that reported $577.8M in total revenue in fiscal year 2023. Expenses of $532.9M left a modest 8% surplus.

Mission

INTEGRATED MULTI-ORGANIZATIONAL HEALTH CARE SYSTEM DESIGNED TO PROVIDE ACCESS TO QUALITY HEALTH CARE SERVICES AT AN AFFORDABLE PRICE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,809,231

Program Service Revenue $556,478,639

Investment Income $23,966,572

Other Revenue $-7,434,482

TOTAL REVENUE $577,819,960

Expense Breakdown

Grants Paid $553,056

Salaries & Benefits $283,365,033

Fundraising Expenses $0

Program Expenses $438,810,384

Other Expenses $248,984,776

TOTAL EXPENSES $532,902,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,819,960	$596,489,383	0.0%
Expenses	$532,902,865	$522,159,955	+0.0%
Net Income	$44,917,095	$74,329,428	-0.4%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

15280

Volunteers

366

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

$3,968,198

Total Directors

$3,591,466

Key Employees

$10,702,195

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH HOLMEN	PRESIDENT/CEO	7.00	Officer Director	$1,554,927	$74,447	$1,629,374
CHRISTIAN SCHMIDT	DIRECTOR	41.00	Director	$497,014	$82,227	$579,241
BRYAN ROLPH	DIRECTOR	41.00	Director	$535,377	$39,024	$574,401
RICHARD WEHSELER	DIRECTOR	41.00	Director	$379,031	$59,114	$438,145
BOBBIE BERTRAM	DIRECTOR	41.00	Director	$217,428	$57,377	$274,805
DAVID ANFINSON	CHAIR	1.00	Officer Director	$33,000	$0	$33,000
TIM WENSMAN	DIRECTOR	1.00	Director	$12,500	$0	$12,500
JEFF GAU	DIRECTOR	1.00	Director	$12,000	$0	$12,000
MICHELLE JOHNSON	DIRECTOR	1.00	Director	$10,000	$0	$10,000
RENEE FRAUENDIENST	DIRECTOR	1.00	Director	$10,000	$0	$10,000
DAN ABDUL	DIRECTOR	1.00	Director	$8,000	$0	$8,000
JAMES HEBL	DIRECTOR	1.00	Director	$6,000	$0	$6,000
CARRIE HENNING-SMITH	DIRECTOR	1.00	Director	$4,000	$0	$4,000
FATHER TOM KNOBLACH	DIRECTOR	1.00	Director	$0	$0	$0
JOY PLAMANN	CHIEF OPERATING OFFICER/SR VP	7.00	Officer	$801,092	$49,364	$850,456
MICHAEL BLAIR	CHIEF FINANCIAL OFFICER/SR VP/ TREASURER	7.00	Officer	$754,895	$79,410	$834,305
SANTO CRUZ	CHIEF LEGAL OFFICER/SR VP/ SECRETARY	7.00	Officer	$567,364	$53,699	$621,063
CINDY SMITH	VICE PRESIDENT	40.00	Key Emp	$716,391	$78,002	$794,393
THOMAS SCHRUP	CHIEF PHYSICIAN OFFICER/EVP	20.00	Key Emp	$702,713	$60,865	$763,578
JOSEPH KALKMAN	CHIEF ADMINSTRATIVE OFFICER/SR VP	20.00	Key Emp	$620,417	$78,241	$698,658
LYNN MCFARLING	VICE PRESIDENT	40.00	Key Emp	$579,919	$65,147	$645,066
CHRISTOPHER BOELTER	VICE PRESIDENT	20.00	Key Emp	$604,159	$4,244	$608,403
JOSEPH BLONSKI	VICE PRESIDENT	20.00	Key Emp	$528,517	$57,972	$586,489
AMY PORWOLL	CHIEF INFORMATION SYSTEM OFFICER/SR VP	8.00	Key Emp	$514,086	$63,189	$577,275
MARIA MALLORY	VICE PRESIDENT	14.00	Key Emp	$500,547	$57,535	$558,082
DEBRA PETERSON	VICE PRESIDENT	40.00	Key Emp	$446,317	$43,325	$489,642
ULRIKA WIGERT	VICE PRESIDENT	40.00	Key Emp	$421,686	$58,717	$480,403
BRYAN LYDICK	VICE PRESIDENT	40.00	Key Emp	$402,969	$65,116	$468,085
JOSEPH HELLIE	VICE PRESIDENT	40.00	Key Emp	$381,667	$56,911	$438,578
BRYAN BAUCK	VICE PRESIDENT	2.00	Key Emp	$346,261	$77,948	$424,209
DAVID LARSON	VICE PRESIDENT	40.00	Key Emp	$367,580	$51,902	$419,482
MATTHEW KUNKEL	VICE PRESIDENT	20.00	Key Emp	$342,513	$76,472	$418,985
ANTHONY GARDNER	CHIEF MARKETING & COMMUNICATIONS OFFICER/SR VP	8.00	Key Emp	$360,511	$45,575	$406,086
PHILIP LUITJENS	VICE PRESIDENT	20.00	Key Emp	$330,085	$44,199	$374,284
ANDREA SMART	VICE PRESIDENT	40.00	Key Emp	$324,580	$47,515	$372,095
RACHAEL LESCH	VICE PRESIDENT	20.00	Key Emp	$330,018	$32,061	$362,079
RYAN ENGDAHL	VICE PRESIDENT	20.00	Key Emp	$261,490	$54,766	$316,256
ZACHARY BORK	VICE PRESIDENT	40.00	Key Emp	$246,930	$48,258	$295,188
JENNIFER TODD	CHIEF COMPLIANCE OFFICER	40.00	Key Emp	$156,679	$48,200	$204,879
LEAH SCHAMMEL	PHYSICIAN	40.00	Highest	$1,098,198	$77,482	$1,175,680
NATHANIEL SLINKARD	PHYSICIAN	40.00	Highest	$1,088,771	$51,617	$1,140,388
SASAN MOSHIRZADEH	PHYSICIAN	40.00	Highest	$1,020,887	$57,091	$1,077,978
LAUREL WESSMAN	PHYSICIAN	40.00	Highest	$997,125	$25,905	$1,023,030
DEXTER CASTA	PHYSICIAN	40.00	Highest	$941,151	$43,786	$984,937
JOHN HERING	FORMER KEY EMPLOYEE	40.00		$431,649	$84,438	$516,087
MICHAEL SCHRAMM	FORMER KEY EMPLOYEE	40.00		$434,556	$56,470	$491,026

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	$577,819,960	$532,902,865	$1,174,669,944	$44,917,095
2023	$596,489,383	$522,159,955	$1,066,347,810	$74,329,428
2022	$622,933,545	$472,250,991	$913,072,774	$150,682,554
2021	$458,863,566	$403,989,291	$602,692,177	$54,874,275
2020	$450,485,121	$427,245,346	$537,648,015	$23,239,775
2019	$402,551,704	$389,622,910	$516,087,917	$12,928,794
2019	$402,551,704	$389,622,910	$516,087,917	$12,928,794
2018	$307,472,024	$304,246,530	$431,777,761	$3,225,494

CENTRACARE HEALTH SYSTEM