Sanford Heart of America Health Plan

EIN: 450346132

Sioux Falls, SD

Total Revenue
$1,605,608
Total Expenses
$2,290,790
Total Assets
$2,683,671
Net Assets
$2,330,007
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
ND
Principal Officer
Kelby Krabbenhoft
Phone
7017765848
Tax Period
2019-01-01 to 2019-12-31

Sanford Heart of America Health Plan, founded in 1978, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2017. Expenses of $3.2M left a modest 3% surplus.

Mission

To coordinate effective and efficient delivery of high-quality health care in a cost effective manner.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,546,192
Investment Income $59,416
Other Revenue $0
TOTAL REVENUE $1,605,608

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,965
Fundraising Expenses $0
Program Expenses $2,217,365
Other Expenses $2,182,825
TOTAL EXPENSES $2,290,790

Year-over-Year Comparison

2019 2018 Change
Revenue $1,605,608 $1,430,536 +0.1%
Expenses $2,290,790 $1,814,987 +0.3%
Net Income $-685,182 $-384,451 +0.8%
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

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Financial Distress Indicator

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Governance

Voting Members
12
Independent Members
5
Employees
N/A
Volunteers
N/A

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
8
$5,963,091
Total Directors
15
$6,387,759
Key Employees
2
$1,283,399
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Barb Everist Trustee 0.10
Director
$0 $0 $0
Andy North Trustee 0.10
Director
$0 $0 $258,864
Brent Teiken Vice Chair 0.10
Officer Director
$0 $0 $0
David Beito Past Chair 0.10
Officer Director
$0 $0 $0
Don Jacobs Treasurer 0.10
Officer Director
$0 $0 $0
James Cain Secretary 0.10
Officer Director
$0 $0 $0
Maria Bell MD Trustee/Research Administrator 0.10
Director
$0 $30,986 $922,319
Mark Lundeen MD Trustee/Orthopedics Service Chair 0.10
Director
$0 $28,250 $710,639
Mark Paulson MD Chair/Physician Regional Chair 0.10
Officer Director
$0 $28,771 $310,661
Melissa Hinton Trustee (Thru 8/19) 0.10
Director
$0 $0 $0
Neil Gulsvig Trustee 0.10
Director
$0 $0 $0
Patrick Durick Trustee 0.10
Director
$0 $0 $491
Thomas Hruby Trustee (Thru 11/19) 0.10
Director
$0 $0 $1,010
Kelby K Krabbenhoft Sanford President & CEO 0.10
Officer Director
$0 $14,171 $3,102,479
Kelby K Krabbenhoft Def Comp Sanford President & CEO 0.10
Officer Director
$0 $1,081,296 $1,081,296
JoAnn L Kunkel Chief Financial Officer 0.10
Officer
$0 $135,506 $1,468,655
Kirk Zimmer President, Health Plan (Thru 12/19) 15.00
Key Emp
$0 $88,291 $892,097
John Snyder President, Health Plan (Start 7/19) 15.00
Key Emp
$0 $6,006 $391,302
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
2019 $1,605,608 $2,290,790 $2,683,671 $-685,182
2018 $3,274,894 $3,175,071 $3,293,388 $99,823
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