Avera Granite Falls

EIN: 843156881 501(c)(3) Health Care

Granite Falls, MN

Total Revenue
$31,417,598
Total Expenses
$29,603,806
Total Assets
$34,493,938
Net Assets
$22,549,769
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MN
Principal Officer
Debbie Streier
Phone
3205646200
Tax Period
2024-07-01 to 2025-06-30

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $25,192,332 Revenue: $30,520,832

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $222,368
Program Service Revenue $30,508,692
Investment Income $663,845
Other Revenue $22,693
TOTAL REVENUE $31,417,598

Expense Breakdown

Grants Paid $8,025
Salaries & Benefits $15,305,324
Fundraising Expenses $0
Program Expenses $25,192,332
Other Expenses $14,290,457
TOTAL EXPENSES $29,603,806

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
3
Employees
235
Volunteers
7

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
4
$2,241,978
Total Directors
8
$1,385,087
Key Employees
0
$0
Highest Compensated
5
reported
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
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 $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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