CENTRACARE HEALTH SYSTEM - SAUK CE… - 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

2011

Legal Domicile

Principal Officer

DR KENNETH HOLMEN

Phone

3203522221

Tax Period

2023-07-01 to 2024-06-30

CENTRACARE HEALTH SYSTEM - SAUK CENTRE, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $47.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $41.9M left a modest 12% surplus.

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: $24,707,456 Revenue: $34,986,878

CCH - SAUK CENTRE 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 - SAUK CENTRE 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 - SAUK CENTRE 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 STEARNS COUNTY. DURING FISCAL YEAR 2024 THERE WERE 500 INPATIENT VISITS, 2,014 INPATIENT DAYS, 33,951 OUTPATIENT VISITS, AND 4,025 EMERGENCY ROOM VISITS.

Program 2

Expenses: $10,224,684 Revenue: $11,334,199

CCH - SAUK CENTRE OPERATES THE SAUK CENTRE CLINIC, SAUK CENTRE LAKESHORE ESTATES, AND SAUK CENTRE CARE CENTER, WHICH ARE ALL CONVENIENTLY CONNECTED TO THE SAUK CENTRE HOSPITAL FOR THE HEALTH NEEDS OF THE COMMUNITY. SAUK CENTRE CLINIC PROVIDES SERVICES OF GENERAL SURGERY, NEUROLOGY, OBSTETRICS/GYNECOLOGY, ONCOLOGY, ORTHOPEDICS, AND UROLOGY. THERE WERE 19,875 CLINIC VISITS DURING FISCAL YEAR 2024. SAUK CENTRE LAKESHORE ESTATES IS A 30-UNIT INDEPENDENT LIVING SENIOR HOUSING APARTMENT BUILDING THAT OFFERS RETIREMENT LIVING AT ITS FINEST. SAUK CENTER CARE CENTER IS A 60 BED SKILLED NURSING FACILITY WITH 12,274 RESIDENT DAYS OF CARE FOR FISCAL 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 $74,144

Program Service Revenue $46,321,077

Investment Income $516,883

Other Revenue $863,238

TOTAL REVENUE $47,775,342

Expense Breakdown

Grants Paid $7,683

Salaries & Benefits $19,919,839

Fundraising Expenses $0

Program Expenses $34,932,140

Other Expenses $21,951,503

TOTAL EXPENSES $41,879,025

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,775,342	$43,773,186	+0.1%
Expenses	$41,879,025	$39,986,521	+0.0%
Net Income	$5,896,317	$3,786,665	+0.6%

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
MARK WEISBROD	PHYSICIAN	40.00	Highest	$0	$72,391	$685,788
SHANNON CABRERA	PHYSICIAN	40.00	Highest	$0	$75,282	$513,725
BENEDICT HAEG	PHYSICIAN	40.00	Highest	$0	$24,610	$513,240
JAMIE HAMMERBECK	PHYSICIAN	40.00	Highest	$0	$47,103	$502,625
REBECCA STEPAN	PHYSICIAN	40.00	Highest	$0	$30,717	$480,923
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	$47,775,342	$41,879,025	$70,247,084	$5,896,317
2023	$43,773,186	$39,986,521	$63,208,666	$3,786,665
2022	$46,551,180	$37,794,329	$62,970,054	$8,756,851
2021	$38,896,016	$36,719,402	$63,807,230	$2,176,614
2020	$40,753,094	$32,217,615	$54,373,627	$8,535,479
2019	$40,917,865	$32,969,960	$49,382,006	$7,947,905
2019	$40,917,865	$32,969,960	$49,382,006	$7,947,905
2018	$38,996,345	$33,290,525	$44,640,872	$5,705,820

CENTRACARE HEALTH SYSTEM - SAUK CENTRE