SIOUX FALLS, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AVERA HEALTH PLANS INC, founded in 1999, is a major nonprofit in the Health Care sector that reported $342.3M in total revenue in fiscal year 2023. Expenses of $331.0M left a modest 3% surplus.
AVERA IS A HEALTH MINISTRY ROOTED IN THE GOSPEL. OUR MISSION IS TO MAKE A POSITIVE IMPACT IN THE LIVES AND HEALTH OF PERSONS AND COMMUNITIES BY PROVIDING QUALITY SERVICES GUIDED BY CHRISTIAN VALUES.
AS AN ESSENTIAL COMPONENT OF THE AVERA HEALTH INTEGRATED DELIVERY PLAN, AVERA HEALTH PLANS (AHP) PROVIDES COVERAGE AND CONDUCTS OTHER ACTIVITIES THAT INCREASE THE HEALTH OF THE COMMUNITY IN ITS...
AS AN ESSENTIAL COMPONENT OF THE AVERA HEALTH INTEGRATED DELIVERY PLAN, AVERA HEALTH PLANS (AHP) PROVIDES COVERAGE AND CONDUCTS OTHER ACTIVITIES THAT INCREASE THE HEALTH OF THE COMMUNITY IN ITS SERVICE AREA. AHP CONDUCTS SUBSTANTIALLY ALL OF ITS ACTIVITIES WITHIN THE SERVICE AREA OF AVERA HEALTH BUT DOES CONDUCT A SMALL PORTION BEYOND THE AVERA HEALTH SERVICE AREA TO FULFILL ITS MISSION OF MAKING A POSITIVE IMPACT IN THE COMMUNITIES IT SERVES BY ENSURING ADEQUATE RURAL HEALTH CARE IS AVAILABLE. AHP PROVIDES HEALTH INSURANCE COVERAGE TO AN UNDERSERVED POPULATION INCLUDING ELDERLY AND LOW INCOME, HIGH RISK AND MEDICALLY UNDERSERVED PERSONS. OF THE 75,000 TOTAL MEMBERS SERVED IN 2023, 9,749 OF THESE MEMBERS WERE MEDICARE SUPPLEMENT MEMBERS AND APPROXIMATELY 40% CONSISTS OF INDIVIDUALS OR EMPLOYEES OF SMALL GROUPS. APPROXIMATELY 21,486 MEMBERS ARE INDIVIDUALS AND MORE THAN 94.2% OF THE HEALTH CARE EXCHANGE ENROLLEES IN THE INDIVIDUAL CATEGORY WERE ELIGIBLE TO RECEIVE AN ADVANCE PREMIUM TAX CREDIT, WHICH MEANS THEY WERE BELOW 400% OF THE FEDERAL POVERTY LIMIT. AVERA HEALTH PLANS IS FURTHER DISTINGUISHED FROM THE FOR-PROFIT PLANS BY ITS PARTICIPATION IN THE FEDERAL HEALTH INSURANCE EXCHANGE/MARKETPLACE. AHP HAS AFFORDABLE, COMMUNITY-RATED PREMIUMS WHICH ARE MARKET COMPETITIVE, AND THEY DO NOT COVER AHP'S COSTS INCLUDING CLAIMS AND ADMINISTRATIVE EXPENSES. NET MEDICAL AND PHARMACY CLAIMS EXPENSE RESULTED IN A MEDICAL INCOME RATIO (MIR) AVERAGE OF 86.2% FOR 2023. SIGNIFICANT FINANCIAL SUPPORT BY AVERA HEALTH (501(C)(3)) ALLOWS AHP TO REMAIN FINANCIALLY VIABLE.AHP ALSO SPONSORS HEALTH EDUCATION OPEN FORUMS, OPEN HOUSES, AND WEBINARS THAT ARE OPEN TO THE PUBLIC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $342,342,227 | $337,041,127 | +0.0% |
| Expenses | $331,043,313 | $351,085,632 | -0.1% |
| Net Income | $11,298,914 | $-14,044,505 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BOB SUTTON | PRESIDENT (UNTIL AUG 2023) | 1.00 |
Officer
Director
|
$0 | $60,433 | $2,140,896 |
| JULIE LAUTT | SEC/TREASURER | 1.00 |
Officer
Director
|
$0 | $19,401 | $1,223,076 |
| DOUGLAS EKEREN | DIRECTOR | 1.00 |
Director
|
$0 | $39,999 | $692,617 |
| DEBRA MULLER | DIRECTOR; CEO (UNTIL AUG 2023) | 40.00 |
Officer
Director
|
$618,225 | $30,786 | $649,011 |
| DR CLARK LIKNESS | DIRECTOR (UNTIL AUG 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL BENDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CLARK SINCLAIR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW ELLSWORTH | DIRECTOR; PHYSICIAN | 1.00 |
Director
|
$0 | $53,084 | $268,373 |
| RYAN HUBER | DIRECTOR (BEG JUL 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES DOVER | PRESIDENT (BEG OCT 2023) | 1.00 |
Officer
Director
|
$0 | $3,389 | $399,782 |
| DAVID LEMPERLE | DIRECTOR; CEO (BEG AUG 2023) | 40.00 |
Officer
Director
|
$0 | $26,834 | $348,391 |
| RICHARD KORMAN | VICE PRESIDENT | 1.00 |
Officer
|
$0 | $65,942 | $874,517 |
| DR PRESTON RENSHAW | CMO | 40.00 |
Officer
|
$418,202 | $57,321 | $475,523 |
| JORDAN ANDERSON | VICE PRESIDENT OF SALES | 40.00 |
Officer
|
$301,906 | $40,928 | $342,834 |
| CHRISTOPHER JESSEN | CFO | 40.00 |
Officer
|
$272,295 | $57,008 | $329,303 |
| LISA CARLSON | COO | 40.00 |
Officer
|
$220,633 | $48,758 | $269,391 |
| GREGORY JASMER | CAO (UNTIL MAY 2023) | 40.00 |
Officer
|
$353,747 | $33,301 | $387,048 |
| TANNA GRIES UNTIL MAR 2023 | DIR. OF FINANCIAL REPORTING | 40.00 |
Highest
|
$179,576 | $9,463 | $189,039 |
| RENEE SCHROEDER | MEDICAL DIRECTOR | 40.00 |
Highest
|
$271,993 | $46,486 | $318,479 |
| JOANN DEBEER | DIR. OF FINANCE (UNTIL DEC 2023) | 40.00 |
Highest
|
$166,684 | $22,752 | $189,436 |
| SARA HANSEN - SENIOR DIR | OF POPULATION HEALTH & CLINIC OPS | 40.00 |
Highest
|
$176,663 | $2,448 | $179,111 |
| COREY WEEG UNTIL OCT 2023 | DIR. OF PRODUCT DEVELOPMENT | 40.00 |
Highest
|
$184,264 | $21,484 | $205,748 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $342,342,227 | $331,043,313 | $94,133,862 | $11,298,914 |
| 2022 | $337,041,127 | $351,085,632 | $99,399,851 | $-14,044,505 |
| 2021 | $344,814,571 | $383,335,892 | $89,852,085 | $-38,521,321 |
| 2020 | $326,945,286 | $299,167,383 | $110,420,388 | $27,777,903 |
| 2019 | $287,416,585 | $275,683,826 | $94,760,633 | $11,732,759 |
| 2018 | $268,466,086 | $255,488,120 | $77,746,308 | $12,977,966 |
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