CENTRACARE HEALTH SYSTEM - SAUK CENTRE

EIN: 452438973 501(c)(3) Health Care

SAUK CENTRE, MN

Total Revenue
$47,775,342
Total Expenses
$41,879,025
Total Assets
$70,247,084
Net Assets
$53,463,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MN
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.

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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 $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

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Governance

Voting Members
14
Independent Members
8
Employees
N/A
Volunteers
23

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
$3,968,198
Total Directors
14
$3,591,466
Key Employees
2
$983,361
Highest Compensated
5
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
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