Sisters of Mary of the Presentation Health System

EIN: 450359620 501(c)(3)

Fargo, ND

Total Revenue
$6,142,341
Total Expenses
$6,202,747
Total Assets
$66,214,893
Net Assets
$6,967,171
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
ND
Principal Officer
James T Kennelly
Phone
7012379290
Tax Period
2023-10-01 to 2024-09-30

Sisters of Mary of the Presentation Health System, founded in 1980, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

SMP Health System, inspired by the Sisters of Mary of the Presentation, provides leadership to its Catholic health care ministries as they work to fulfill the healing mission of Jesus.

Program Service Accomplishments

Program 1
Expenses: $4,653,456 Revenue: $5,960,542

Sisters of Mary of the Presentation Health System facilitates the management and operations of several related healthcare organizations which are located in North Dakota and Illinois. This includes...

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Sisters of Mary of the Presentation Health System facilitates the management and operations of several related healthcare organizations which are located in North Dakota and Illinois. This includes fiscal and administrative responsibilities.We are a Catholic health system which in its diversity of programs and facilities consists of people who care and believe they can make a difference. Our concern is for all people, but the poor and elderly have a special claim on us. (Continued on Schedule O)From our limited resources we provide services characterized by excellence, compassion, and personalized concern. Because we care, we focus on the needs of the whole person, physical, spiritual, psychological, and social.Because we cannot do everything for everyone, we collaborate with others in order to meet the needs of the people in the areas where we serve.We live in a world of change and challenges and we know this will continue into the future. We are people of hope and commitment. The rich diversity of people, professions, skills, talents, and gifts enables us to continue the healing ministry of Jesus.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,960,542
Investment Income $181,799
Other Revenue $0
TOTAL REVENUE $6,142,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,731,944
Fundraising Expenses $0
Program Expenses $4,653,456
Other Expenses $470,803
TOTAL EXPENSES $6,202,747

Year-over-Year Comparison

2023 2022 Change
Revenue $6,142,341 $7,017,128 -0.1%
Expenses $6,202,747 $6,929,456 -0.1%
Net Income $-60,406 $87,672 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
26
Volunteers
6

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
5
$2,014,818
Total Directors
8
$1,358,684
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron K Alton President/CEO (until 12/31) 40.00
Officer Director
$1,032,791 $62,845 $1,095,636
James T Kennelly President/CEO (as of 12/31) 1.00
Officer Director
$218,995 $44,053 $263,048
Sr Suzanne Stahl Chairperson 1.00
Officer Director
$0 $0 $0
Sr Elaine Lange Vice Chair/Secretary 1.00
Officer Director
$0 $0 $0
Terry Judd Director 1.00
Director
$0 $0 $0
Terry Welle Director 1.00
Director
$0 $0 $0
Mike Bruckbauer Director 1.00
Director
$0 $0 $0
Fr James Meyer Director 1.00
Director
$0 $0 $0
Becky Hansen Executive VP/CFO 40.00
Officer
$578,842 $77,292 $656,134
Timothy A Muntz-CEO St. Margaret's Health-Spring Valley 1.00
Highest
$592,233 $67,008 $659,241
Lisa Lynch-VP Finance St. Marg Health-Spring Valley 1.00
Highest
$280,340 $48,646 $328,986
Chris Albertson-CEO SMP Health-St. Andrew's 1.00
Highest
$335,501 $50,633 $386,134
Meldine Tang SMP Health-St. Raphael 1.00
Highest
$252,616 $16,897 $269,513
Matthew Ahrndt-CEO SMP Health-S. Catherine 1.00
Highest
$245,051 $47,045 $292,096
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
2024 $6,142,341 $6,202,747 $66,214,893 $-60,406
2023 $7,017,128 $6,929,456 $56,740,515 $87,672
2022 $7,113,850 $7,484,035 $68,574,590 $-370,185
2021 $6,846,849 $6,472,912 $95,396,619 $373,937
2020 $6,409,034 $6,159,063 $100,588,063 $249,971
2019 $6,261,008 $6,247,243 $76,449,249 $13,765
2018 $5,945,558 $5,589,886 $72,096,328 $355,672
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