CENTRACARE HEALTH SYSTEM - LONG PR… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

DR KENNETH D HOLMEN

Phone

3207322141

Tax Period

2023-07-01 to 2024-06-30

CENTRACARE HEALTH SYSTEM - LONG PRAIRIE, founded in 1999, is a mid-sized nonprofit in the Health Care sector that reported $37.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $24,982,741 Revenue: $31,148,123

CCH - LONG PRAIRIE IS PART OF A LARGER INTEGRATED HEALTH CARE DELIVERY SYSTEM KNOWN AS CENTRACARE HEALTH, A SYSTEM RECOGNIZED FOR BEING A LEADER IN PROVIDING HIGH-QUALITY, COMPREHENSIVE CARE...

CCH - LONG PRAIRIE IS PART OF A LARGER INTEGRATED HEALTH CARE DELIVERY SYSTEM KNOWN AS CENTRACARE HEALTH, A SYSTEM RECOGNIZED FOR BEING A LEADER IN PROVIDING HIGH-QUALITY, COMPREHENSIVE CARE THROUGHOUT THE REGION. CCH - LONG PRAIRIE IS A 25 BED CRITICAL ACCESS HOSPITAL THAT PROVIDES ACUTE CARE SERVICES IN THE AREAS OF MEDICAL, SURGICAL, DIAGNOSTIC, AND OBSTETRICS ALONG WITH OTHER SERVICES OF 24 HOUR EMERGENCY ROOM, IMAGING, LABORATORY, REHABILITATION, AND CHEMOTHERAPY TO THE COMMUNITY OF LONG PRAIRIE AND THE SURROUNDING AREA. THERE WERE 493 ADMISSIONS, 2,701 INPATIENT DAYS, 32,663 OUTPATIENT VISITS, AND 5,404 EMERGENCY ROOM VISITS DURING FISCAL YEAR 2024.

Program 2

Expenses: $4,813,564 Revenue: $4,942,677

CCH - LONG PRAIRIE OPERATES THE LONG PRAIRIE CLINIC WHICH IS CONVENIENTLY CONNECTED TO THE LONG PRAIRIE HOSPITAL FOR THE HEALTH CARE NEEDS OF THE COMMUNITY. LONG PRAIRIE CLINIC PROVIDES HEALTH CARE THROUGH A MIXTURE OF PHYSICIANS AND MIDLEVEL PROVIDERS. THERE WERE 19,849 CLINIC VISITS DURING FISCAL YEAR 2024.

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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 (2023)

Revenue Breakdown

Contributions & Grants $133,799

Program Service Revenue $36,090,800

Investment Income $342,162

Other Revenue $590,986

TOTAL REVENUE $37,157,747

Expense Breakdown

Grants Paid $11,362

Salaries & Benefits $20,085,434

Fundraising Expenses $0

Program Expenses $29,796,305

Other Expenses $16,003,218

TOTAL EXPENSES $36,100,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,157,747	$41,350,232	-0.1%
Expenses	$36,100,014	$40,660,224	-0.1%
Net Income	$1,057,733	$690,008	+0.5%

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

$3,968,198

Total Directors

$3,591,466

Key Employees

$983,361

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH HOLMEN	PRESIDENT/CEO	6.50	Officer Director	$0	$74,447	$1,629,374
CHRISTIAN SCHMIDT	DIRECTOR	0.25	Director	$0	$82,227	$579,241
BRYAN ROLPH	DIRECTOR	0.25	Director	$0	$39,024	$574,401
RICHARD WEHSELER	DIRECTOR	0.25	Director	$0	$59,114	$438,145
BOBBIE BERTRAM	DIRECTOR	0.25	Director	$0	$57,377	$274,805
DAVID ANFINSON	CHAIR	0.25	Officer Director	$0	$0	$33,000
TIM WENSMAN	DIRECTOR	0.25	Director	$0	$0	$12,500
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	$6,000
CARRIE HENNING-SMITH	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	$49,364	$850,456
MICHAEL BLAIR	CHIEF FINANCIAL OFFICER/SR VP/ TREASURER	6.50	Officer	$0	$79,410	$834,305
SANTO CRUZ	CHIEF LEGAL OFFICER/SR VP/ SECRETARY	6.50	Officer	$0	$53,699	$621,063
AMY PORWOLL	CHIEF INFORMATION SYSTEM OFFICER/SR VP	8.00	Key Emp	$0	$63,189	$577,275
ANTHONY GARDNER	CHIEF MARKETING & COMMUNICATIONS OFFICER/SR VP	8.00	Key Emp	$0	$45,575	$406,086
SAMUEL BURNS	PHYSICIAN	40.00	Highest	$0	$52,519	$458,403
STEVEN FUGLESTAD	PHYSICIAN	40.00	Highest	$0	$51,291	$408,451
CYBILL ORAGWU	PHYSICIAN	40.00	Highest	$0	$48,772	$393,171
RENE ELDIDY	PHYSICIAN	40.00	Highest	$0	$77,429	$383,523
DARON GERSCH	PHYSICIAN	40.00	Highest	$0	$50,203	$309,880
CINDY SMITH	FORMER KEY EMPLOYEE	0.00		$0	$78,002	$794,393

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	$37,157,747	$36,100,014	$44,766,923	$1,057,733
2023	$41,350,232	$40,660,224	$48,575,937	$690,008
2022	$45,239,334	$46,062,995	$57,443,957	$-823,661
2021	$40,776,847	$43,408,646	$62,306,209	$-2,631,799
2020	$42,092,408	$40,770,046	$61,590,751	$1,322,362
2019	$38,585,904	$40,139,977	$61,531,480	$-1,554,073
2019	$38,585,904	$40,139,977	$61,531,480	$-1,554,073
2018	$37,328,332	$37,811,548	$59,961,772	$-483,216

CENTRACARE HEALTH SYSTEM - LONG PRAIRIE