Avera Health
- Assets
- $1.5b
- Revenue
- $295.6m
- Investments
- $165.8m
- Employees
- 1,666
- Location
- Sioux Falls, SD
- Founding
- 07/1993
- Data as of
- 06/2020
- EIN
- 46-0422673
Organization Overview
Avera Health is located in Sioux Falls, SD. The organization was established in 1993. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2020, Avera Health employed 1,666 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 06/2020, Avera Health generated $295.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $266.7m during the year ending 06/2020. While expenses have increased by 9.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Avera Health has awarded 585 individual grants totaling $35,584,876. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVERA HEALTH IS A NONPROFIT CORPORATION JOINTLY SPONSORED BY THE SISTERS OF THE PRESENTATION OF THE BLESSED VIRGIN MARY OF ABERDEEN, SOUTH DAKOTA AND THE BENEDICTINE CONVENT OF THE SACRED HEART OF YANKTON, SOUTH DAKOTA, TOGETHER REFERENCED AS THE "SISTERS." AVERA HEALTH ACTS AS THE LEADER OF THE AVERA HEALTH MINISTRY, SERVING AS AN OVERALL PARENT TO SUPPORT ITS AFFILIATED TAX-EXEMPT HEALTH CARE ORGANIZATIONS. THESE ORGANIZATIONS PROVIDE SERVICES PRINCIPALLY IN EASTERN SOUTH DAKOTA AND SURROUNDING STATES. AVERA HEALTH PROVIDES MANAGEMENT CONSULTING, FUND RAISING AND OTHER ADMINISTRATIVE SERVICES TO THE HOSPITALS, LONG-TERM HEALTH CARE FACILITIES, CLINICS, SERVICES AND PROGRAMS THAT ARE SPONSORED OR OTHERWISE AFFILIATED WITH THE SISTERS.AVERA ECARE IS A VISIONARY CARE DELIVERY MODEL THAT PROVIDES RURAL HEALTH CARE PROFESSIONALS AROUND-THE-CLOCK ACCESS TO SPECIALTY CARE PHYSICIANS, NURSES AND PHARMACISTS. USING ADVANCED COMMUNICATION TECHNOLOGY, ECARE SUPPORTS RURAL FACILITIES IN THE PROVISION OF EVIDENCE-BASED, HIGH-QUALITY CARE AND OFFSETS WORKFORCE SHORTAGES IN RURAL COMMUNITIES. ECARE IS A NATURAL EXTENSION OF AVERA'S HEALTH MISSION AND ITS CENTURY-LONG COMMITMENT TO ITS RURAL COMMUNITIES TO MAINTAIN ACCESS TO QUALITY CARE CLOSE TO HOME. AVERA ECARE WORKS WITH SOME OF THE MOST UNDERSERVED POPULATIONS IN THE UNITED STATES. THIS INCLUDES FRONTIER POPULATIONS, LONG TERM CARE RESIDENTS, NATIVE AMERICAN RESERVATIONS, DISABLED VETERANS, AND INMATES. BY BRINGING HIGH QUALITY, ON DEMAND ACCESS TO SPECIALTY CARE, THESE UNIQUE POPULATIONS ARE ABLE TO RECEIVE CARE WITHIN THEIR HOME COMMUNITY AND IN A FAMILIAR, CULTURALLY APPROPRIATE SETTING. THEY ARE TREATED IN COORDINATION WITH THE LOCAL PRACTITIONERS THAT BEST UNDERSTAND THEIR ONGOING CARE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Sutton President And CEO | OfficerTrustee | 40 | $1,759,265 |
David Flicek Pres/ceo - Avera Mckennan | Officer | 0 | $1,224,706 |
James Breckenridge-Left 42020 CFO Avera Health; Sec/treas | Officer | 40 | $1,018,166 |
David Erickson Chief Medical/innovation Officer | 40 | $859,682 | |
Richard Korman Senior VP - General Counsel | 40 | $690,650 | |
Todd Forkel Pres/ceo - Avera St. Luke's | 0 | $690,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Optum - The Advisory Board Company Strategic Consulting | 6/29/20 | $2,697,133 |
Medspeed Courier Services | 6/29/20 | $3,925,782 |
Avera Mckennan Services, Computer Hardware & Software | 6/29/20 | $18,420,755 |
Medical Information Technology Inc Hardware/software Consulting | 6/29/20 | $6,885,049 |
Cdw Government Computer Hardware Consulting | 6/29/20 | $17,530,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $206,480 |
| Membership dues | $0 |
| Fundraising events | $591,039 |
| Related organizations | $50,356 |
| Government grants | $1,414,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,312,448 |
| Noncash contributions included in lines 1a–1f | $1,206,437 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,574,843 |
| Total Program Service Revenue | $257,966,861 |
| Investment income | $22,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $340,815 |
| Net Gain/Loss on Asset Sales | $1,579,942 |
| Net Income from Fundraising Events | $369,995 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,600,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,660,805 |
| Grants and other assistance to domestic individuals. | $210,828 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,937,975 |
| Compensation of current officers, directors, key employees. | $4,937,975 |
| Compensation to disqualified persons | $83,166 |
| Other salaries and wages | $116,159,591 |
| Pension plan accruals and contributions | $11,876,982 |
| Other employee benefits | $2,452,430 |
| Payroll taxes | $8,477,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $257,553 |
| Fees for services: Accounting | $1,382,495 |
| Fees for services: Lobbying | $142,772 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,468,694 |
| Advertising and promotion | $6,953,971 |
| Office expenses | $6,263,123 |
| Information technology | $18,318,400 |
| Royalties | $0 |
| Occupancy | $5,494,731 |
| Travel | $1,715,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $580,114 |
| Interest | -$297,791 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,506,980 |
| Insurance | $367,537 |
| All other expenses | $1,874,400 |
| Total functional expenses | $266,728,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,050,804 |
| Pledges and grants receivable | $524,649 |
| Accounts receivable, net | $30,791,487 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $584,602 |
| Prepaid expenses and deferred charges | $8,136,519 |
| Net Land, buildings, and equipment | $98,966,598 |
| Investments—publicly traded securities | $1,070,788,545 |
| Investments—other securities | $165,755,052 |
| Investments—program-related | $12,588 |
| Intangible assets | $16,139,552 |
| Other assets | $96,296,689 |
| Total assets | $1,513,047,085 |
| Accounts payable and accrued expenses | $25,278,499 |
| Grants payable | $0 |
| Deferred revenue | $7,439,578 |
| Tax-exempt bond liabilities | $23,209,808 |
| Escrow or custodial account liability | $951,318,025 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $34,732,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,113,683 |
| Total liabilities | $1,166,092,281 |
| Net assets without donor restrictions | $340,335,399 |
| Net assets with donor restrictions | $6,619,405 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,513,047,085 |
Grants Awarded
Over the last fiscal year, Avera Health has awarded $5,620,735 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
Sioux Falls, SD PURPOSE: Sponsorship | $1,000,000 |
Aberdeen, SD PURPOSE: Scholarship Sponsorship | $800,000 |
Sioux Falls, SD PURPOSE: Scholarship Sponsorship | $400,000 |
Yankton, SD PURPOSE: Scholarship Sponsorship | $337,000 |
Vermillion, SD PURPOSE: Sponsorship | $253,000 |
FORWARD SIOUX FALLS PURPOSE: Sponsorship | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Avera Health has recieved totaling $55,490.
| Awarding Organization | Amount |
|---|---|
Scottish Rite Foundation Of South Dakota Mitchell, SD PURPOSE: PROGRAM ASSISTANCE | $20,000 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $15,245 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $15,245 |
Tom And Danielle Aman Foundation Aberdeen, SD PURPOSE: GENERAL OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $5,765,277 |
| Earnings | $128,114 |
| Admin Expense | $36,796 |
| Net Contributions | $820,309 |
| Other Expense | $273,739 |
| Ending Balance | $6,403,165 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avera Health Sioux Falls, SD | $1,513,047,085 | $295,600,192 |
Essentia Health Duluth, MN | $549,423,564 | $219,068,133 |
Teamsters Local 346 Health Fund Trust Bloomington, MN | $40,870,967 | $59,927,521 |
Healthpartners Institute Minneapolis, MN | $75,133,860 | $46,592,529 |
Montana Contractors Association Health Care Trust Billings, MT | $35,148,188 | $35,808,161 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $1,668,438 | $33,220,132 |
Pioneer Healthcare Tr Fargo, ND | $17,146,104 | $29,400,992 |
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $13,711,767 | $18,867,897 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $7,326,887 | $17,126,987 |
Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125 Cedar Rapids, IA | $20,142,387 | $16,746,044 |
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $469,081 | $15,164,661 |
Hennepin Health Foundation Minneapolis, MN | $34,159,792 | $11,804,191 |