AVERA HEALTH PLANS INC (EIN 460451539) - 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

1999

Legal Domicile

Principal Officer

JAMES DOVER FACHE

Phone

6053224500

Tax Period

2023-01-01 to 2023-12-31

AVERA HEALTH PLANS INC, founded in 1999, is a major nonprofit in the Health Care sector that reported $268.5M in total revenue in fiscal year 2018. Expenses of $255.5M left a modest 5% surplus.

Mission

PROVIDE LOW-COST, HIGH QUALITY HEALTH PLAN COVERAGE.

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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 $0

Program Service Revenue $339,904,335

Investment Income $2,437,892

Other Revenue $0

TOTAL REVENUE $342,342,227

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $18,164,454

Fundraising Expenses $0

Program Expenses $295,034,816

Other Expenses $312,278,859

TOTAL EXPENSES $331,043,313

Year-over-Year Comparison

	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%

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

201

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

$7,439,772

Total Directors

$5,722,146

Key Employees

Highest Compensated

reported

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

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
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

AVERA HEALTH PLANS INC