Avera McKennan (EIN 460224743) - 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

1911

Legal Domicile

Principal Officer

Dr Ronald Place

Phone

6053228000

Tax Period

2022-07-01 to 2023-06-30

AVERA MCKENNAN, founded in 1911, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2017. Expenses of $1.0B left a modest 5% surplus.

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 (2022)

Revenue Breakdown

Contributions & Grants $30,014,546

Program Service Revenue $1,342,613,645

Investment Income $4,224,248

Other Revenue $112,016,264

TOTAL REVENUE $1,488,868,703

Expense Breakdown

Grants Paid $504,592

Salaries & Benefits $743,369,320

Fundraising Expenses $276,827

Program Expenses $1,319,367,930

Other Expenses $713,900,826

TOTAL EXPENSES $1,457,774,738

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,488,868,703	$1,412,729,099	+0.1%
Expenses	$1,457,774,738	$1,405,209,002	+0.0%
Net Income	$31,093,965	$7,520,097	+3.1%

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

9325

Volunteers

1839

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

$2,452,034

Total Directors

$4,662,147

Key Employees

$1,574,416

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Flicek	President & CEO (End 05/2023)	42.00	Officer Director	$0	$46,532	$1,348,494
Ronald Place MD	President & CEO (Beg 05/2023)	40.00	Officer Director	$0	$0	$0
Tom Biegler	Chair	2.00	Officer Director	$0	$0	$0
J Pat Costello	Vice Chair	2.00	Officer Director	$0	$0	$0
Jennifer Bunkers Board Member	Philanthropy Council Chair	2.00	Officer Director	$0	$0	$0
Sister Mary Carole Curran	Board Member	2.00	Director	$0	$0	$0
Mary Dally	Board Member	2.00	Director	$0	$0	$0
Van Fishback	Board Member	2.00	Director	$0	$0	$0
Jared Friedman MD	Board Member/Chief of Staff	2.00	Director	$0	$56,143	$580,327
Cristina Hill Jensen MD	Board Member/Gastroenterology	42.00	Director	$887,015	$53,164	$940,179
Jennifer Kirby	Board Member	2.00	Director	$0	$0	$0
Randy Knecht	Board Member	2.00	Director	$0	$0	$0
Laurie Knutson	Board Member	2.00	Director	$0	$0	$0
Sister Carmella Luke	Board Member	2.00	Director	$0	$0	$0
Jawad Nazir MD Board Member	Infectious Disease & Internal Med	42.00	Director	$640,975	$49,410	$690,385
Alejandro Ramirez	Board Member	2.00	Director	$0	$0	$0
Alisa Reindl MD	Board Member/Family Medicine/OB	42.00	Director	$230,455	$23,217	$253,672
Sister Roxanne Seifert	Board Member	2.00	Director	$0	$0	$0
Benjamin Solomon MD	Board Member/Oncology & Hematology	42.00	Director	$792,956	$56,134	$849,090
Hugh Venrick	Board Member	2.00	Director	$0	$0	$0
Sister Lucille Welbig	Board Member	2.00	Director	$0	$0	$0
Harriet Yocum	Board Member	2.00	Director	$0	$0	$0
Julie Lautt	CFO Avera Health;Secretary/Treasurer	0.10	Officer	$0	$17,088	$1,103,540
Michael Elliott	Sr VP - Chief Medical Officer	40.00	Key Emp	$524,137	$44,410	$568,547
Curtis Hohman	Sr VP - Network Hospitals	40.00	Key Emp	$295,527	$29,937	$325,464
Sandra King	Director - Operative Services	40.00	Key Emp	$206,401	$21,141	$227,542
Lori Popkes	Consultant	40.00	Key Emp	$407,738	$45,125	$452,863
Jonathan Gilhooly MD	Neurosurgery	40.00	Highest	$1,586,580	$49,410	$1,635,990
Geoffrey Haft MD	Orthopedics/Surgery	40.00	Highest	$1,479,326	$23,096	$1,502,422
Travis Liddell MD	Orthopedics/Surgery	40.00	Highest	$1,496,665	$56,134	$1,552,799
Alex Linn MD	Neurology	40.00	Highest	$2,194,962	$46,560	$2,241,522
Todd Zimprich MD	Neurology	40.00	Highest	$1,781,840	$48,560	$1,830,400
Rick Kooima MD Former	Board Member/Chief of Staff	0.00		$364,689	$48,560	$413,249

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	No data	No data	No data	No data
2023	$1,488,868,703	$1,457,774,738	$1,411,648,717	$31,093,965
2022	$1,412,729,099	$1,405,209,002	$1,383,813,699	$7,520,097
2021	$1,371,059,282	$1,278,846,398	$1,439,516,677	$92,212,884
2020	$1,174,762,076	$1,181,829,141	$1,409,144,457	$-7,067,065
2019	$1,128,932,346	$1,103,161,342	$1,220,148,914	$25,771,004
2018	$1,062,978,607	$1,014,434,772	$1,159,178,030	$48,543,835

Avera McKennan