Granite Falls, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Avera Granite Falls, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $31.4M in total revenue in fiscal year 2024. Expenses of $29.6M left a modest 6% 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 and guided by Christian values.
Avera Granite Falls' mission is to provide healthcare services to Granite Falls, Minnesota residents and residents of the surrounding area. Avera Granite Falls is a 501(c)(3) organization affiliated...
Avera Granite Falls' mission is to provide healthcare services to Granite Falls, Minnesota residents and residents of the surrounding area. Avera Granite Falls is a 501(c)(3) organization affiliated with Avera Health and controlled by Avera Marshall. Avera Granite Falls consists of a 25-bed critical access hospital, a 48-bed nursing home, a 28-unit senior living facility in Granite Falls, Minnesota, and one physician clinic. The program services offered include primary care, med/surg, lab, imaging, physical therapy, speech therapy, occupational therapy, respiratory therapy, ambulance, special transportation, ER, telehealth, infusion, general surgery, chemotherapy, cardiac rehab, long term care and independent living. Following is a breakdown of these statistics by facility:Avera Granite Falls Health Center 102 Acute patient discharges 53 Swing bed patient discharges 19,112 Outpatient visits 445 Swing-bed patient days 18,232 Clinic visitsAvera Granite Falls Care Center 17,083 Long-term resident days 40 Long Term Care patient dischargesAvera Granite Falls maintains records to identify and monitor the level of charity care it provides. These records include the amount of charges forgone for services and supplies furnished under its charity care policy and equivalent service statistics. The amount of charges foregone, based on established rates, were $468,358.Avera Granite Falls also provides community benefit health activities at less than or at no cost to support those in the area serviced, see Schedule H. As a member of the Avera Health Network, Avera Granite Falls upholds the vision of the Presentation and Benedictine Sisters to work through collaboration to provide quality, effective health ministry and to improve the healthcare of individuals and our communities through a regionally integrated network of persons and institutions. Avera Granite Falls engages in activities designed to improve the health of individuals and communities in response to a calling to heal the sick, the elderly, and the oppressed.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $31,417,598 | $30,956,113 | +0.0% |
| Expenses | $29,603,806 | $28,278,592 | +0.0% |
| Net Income | $1,813,792 | $2,677,521 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| Julie Lautt | CFO Avera Health;Secretary/Treasurer | 0.10 |
Officer
|
$0 | $20,218 | $1,294,581 |
| Debbie Streier | Regional President & CEO | 2.00 |
Officer
Director
|
$0 | $18,180 | $596,200 |
| Rosa Rios Avendano MD | Board Member/Family Medicine/OB | 2.00 |
Director
|
$0 | $36,520 | $380,381 |
| Thomas Kooiman | Board Member/Administrator | 42.00 |
Officer
Director
|
$313,271 | $37,926 | $351,197 |
| Deena Aus | Director - Patient Care Services | 40.00 |
Highest
|
$149,612 | $45,944 | $195,556 |
| Jennifer Ann Jager | Director - Ambulance | 40.00 |
Highest
|
$137,661 | $18,774 | $156,435 |
| Seth Streblow | Assistant Director - Ambulance | 40.00 |
Highest
|
$120,960 | $29,119 | $150,079 |
| Troy L Mansell | Radiology Technologist II | 40.00 |
Highest
|
$120,529 | $9,134 | $129,663 |
| Jennifer Varpness | RN - Clinical Informaticist | 40.00 |
Highest
|
$119,231 | $18,582 | $137,813 |
| Stephen Crim | Board Member/Ministerial Juridic | 1.00 |
Director
|
$0 | $0 | $57,309 |
| LaVonne Koenen | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Mark Jensen | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Sister Lucille Welbig | Board Member/System Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Dan Barber | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $31,417,598 | $29,603,806 | $34,493,938 | $1,813,792 |
| 2024 | No data | No data | No data | No data |
| 2023 | $29,608,741 | $28,486,949 | $27,905,891 | $1,121,792 |
| 2022 | $29,242,809 | $28,318,363 | $26,933,854 | $924,446 |
| 2021 | $28,529,564 | $27,504,394 | $28,331,941 | $1,025,170 |
| 2020 | $13,739,622 | $12,216,707 | $31,900,502 | $1,522,915 |
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