Avera St Luke's (EIN 460224598) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1901

Legal Domicile

Principal Officer

Daniel Bjerknes

Phone

6056225272

Tax Period

2023-07-01 to 2024-06-30

Avera St Luke's, founded in 1901, is a major nonprofit in the Health Care sector that reported $196.0M in total revenue in fiscal year 2017.

Mission

Promotion of health

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $569,579

Program Service Revenue $196,779,327

Investment Income $570,203

Other Revenue $-777,696

TOTAL REVENUE $197,141,413

Expense Breakdown

Grants Paid $11,569

Salaries & Benefits $111,805,521

Fundraising Expenses $3,814

Program Expenses $185,755,251

Other Expenses $87,997,915

TOTAL EXPENSES $199,815,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,141,413	$200,128,779	0.0%
Expenses	$199,815,005	$209,172,426	0.0%
Net Income	$-2,673,592	$-9,043,647	-0.7%

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

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

1306

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

$1,776,631

Total Directors

$1,792,794

Key Employees

$251,004

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Bjerknes	President/CEO	40.00	Officer Director	$0	$50,471	$553,555
Heidi Golz	Chair	1.00	Officer Director	$0	$0	$0
Michael Herman	Vice Chair	1.00	Officer Director	$0	$0	$0
Sr Kathleen Bierne	Board Member	1.00	Director	$0	$0	$0
Kristen Fauth	Board Member	1.00	Director	$0	$0	$0
Shane Franks	Board Member	1.00	Director	$0	$0	$0
John Fritz MD	Board Member	1.00	Director	$0	$0	$0
Richard Inman	Board Member	1.00	Director	$0	$0	$0
Paula Jensen	Board Member	1.00	Director	$0	$0	$0
Sr Marietta Kerkvliet	Board Member	1.00	Director	$0	$0	$0
Adam LeFebvre MD	Board Member/Anesthesiology	41.00	Director	$518,726	$50,241	$568,967
Sr Mary Kay Panowicz	Board Member	1.00	Director	$0	$0	$0
Diana Reynen	Board Member	1.00	Director	$0	$0	$0
Thomas Seyer	Board Member	1.00	Director	$0	$0	$0
Garrett Wobst MD	Board Member/Orthopedics/Surgery	41.00	Director	$625,813	$44,459	$670,272
Julie Lautt	CFO Avera Health;Secretary/Treasurer	0.10	Officer	$0	$19,401	$1,223,076
Tom J Snyder	VP - Strategy Network Ops (End 03/2024)	40.00	Key Emp	$222,455	$28,549	$251,004
Brandon Fites MD	Sports Medicine, Surgery & Orthopedics	40.00	Highest	$2,999,342	$53,017	$3,052,359
Daniel Fritz MD	Radiology	40.00	Highest	$1,242,294	$39,997	$1,282,291
Ryan Gnesda MD	Radiology	40.00	Highest	$1,477,815	$53,521	$1,531,336
Susheel Gundewar MD	Cardiology	40.00	Highest	$1,913,170	$59,633	$1,972,803
Leslie Lenter MD	Interventional Radiology & Radiology	40.00	Highest	$1,550,096	$41,735	$1,591,831

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	$197,141,413	$199,815,005	$150,122,754	$-2,673,592
2023	$200,128,779	$209,172,426	$155,386,406	$-9,043,647
2022	$210,216,713	$210,130,543	$172,474,557	$86,170
2021	$208,771,594	$199,843,482	$180,080,420	$8,928,112
2020	$191,142,000	$194,521,855	$188,282,898	$-3,379,855
2019	$200,339,260	$206,107,094	$162,705,089	$-5,767,834
2018	$195,970,181	$198,053,977	$171,105,213	$-2,083,796

Avera St Luke's