CENTRACARE HEALTH SYSTEM - MELROSE

EIN: 411865315 501(c)(3) Health Care

MELROSE, MN

Total Revenue
$54,897,942
Total Expenses
$52,399,778
Total Assets
$71,757,257
Net Assets
$55,903,278
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MN
Principal Officer
DR KENNETH HOLMEN
Phone
3202564231
Tax Period
2022-07-01 to 2023-06-30

CENTRACARE HEALTH SYSTEM - MELROSE, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $54.9M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $52.4M left a modest 5% surplus.

Mission

WE'RE 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $205,923
Program Service Revenue $53,289,326
Investment Income $1,171,814
Other Revenue $230,879
TOTAL REVENUE $54,897,942

Expense Breakdown

Grants Paid $1,071,045
Salaries & Benefits $31,630,138
Fundraising Expenses $0
Program Expenses $42,236,302
Other Expenses $19,698,595
TOTAL EXPENSES $52,399,778

Year-over-Year Comparison

2022 2021 Change
Revenue $54,897,942 $58,974,975 -0.1%
Expenses $52,399,778 $50,980,185 +0.0%
Net Income $2,498,164 $7,994,790 -0.7%
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

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Governance

Voting Members
13
Independent Members
8
Employees
N/A
Volunteers
10

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
6
$4,054,480
Total Directors
13
$3,502,702
Key Employees
2
$1,048,358
Highest Compensated
5
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 COO/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
AMY PORWOLL CISO/SR VP 8.00
Key Emp
$0 $46,279 $616,942
ANTHONY GARDNER CMCO/SR VP 8.00
Key Emp
$0 $38,169 $431,416
PATRICK HELLER PHYSICIAN 40.00
Highest
$0 $44,326 $590,759
MICHAEL BESTE PHYSICIAN 40.00
Highest
$0 $47,490 $504,649
LINDSEY CHMIELEWSKI PHYSICIAN 40.00
Highest
$0 $68,306 $430,478
BRYAN BAUCK PHYSICIAN 40.00
Highest
$0 $59,209 $413,478
KURT SCHWIETERS PHYSICIAN 40.00
Highest
$0 $70,980 $382,833
CRAIG BROMAN FORMER OFFICER 0.00
$0 $0 $384,531
CINDY FIRKINS SMITH FORMER KEY EMPLOYEE 0.00
$0 $56,068 $816,630
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 $54,897,942 $52,399,778 $71,757,257 $2,498,164
2022 $58,974,975 $50,980,185 $80,850,643 $7,994,790
2021 $45,743,382 $46,945,684 $87,022,550 $-1,202,302
2020 $44,111,814 $40,826,082 $78,938,963 $3,285,732
2019 $46,202,113 $40,163,258 $79,577,372 $6,038,855
2019 $46,202,113 $40,163,258 $79,577,372 $6,038,855
2018 $42,352,946 $37,367,668 $77,984,166 $4,985,278
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