Overview
What is Innovis Health Llc?
Innovis Health Llc, doing business as Essentia Health West, is a nonprofit organization based in Fargo, North Dakota, dedicated to providing charitable, scientific, and educational healthcare services. They operate a 142-bed hospital and 16 clinics in Minnesota and North Dakota, offering a comprehensive range of inpatient and outpatient services. These include critical care, medical-surgical care, pediatric services, neonatal intensive care, maternity care, and more. Essentia Health West employs approximately 1,600 full-time equivalents and serves a significant number of patients, providing about 40,000 hospital patient days and 198,000 outpatient visits during the fiscal year 2022. The organization's mission is to make a healthy difference in people's lives and, during the same year, provided community benefits worth over $19 million, including charity care, costs exceeding Medicaid payments, community services, and health profession education.
Official website here: www.essentiahealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Innovis Health LLC has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81% based on its accountability and finance practices. This score indicates a solid commitment to transparency and responsible financial management, although it highlights that the organization relies solely on a single beacon score for its overall evaluation.
The nonprofit demonstrates strong governance, with an independent board comprising 70% independent members, which contributes positively to its accountability measures. Additionally, the organization has instituted various policies aimed at ensuring ethical operations, such as conflict of interest and whistleblower policies, and has a robust financial oversight system in place, as evidenced by its perfect scores in several areas.
However, a notable limitation is the organization's liability to asset ratio, which stands at 109.54%. This indicates that Innovis Health LLC has more liabilities than assets, which may raise concerns about its financial stability. Despite this, the high program expense ratio of 90.67% suggests that a significant portion of its budget is directed towards fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Innovis Health Llc legitimate?
Innovis Health Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovis Health Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,146,237
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,187,316
For more financial information, click here
Official website here: www.essentiahealth.org
What is the mission statement of Innovis Health Llc?
Innovis Health Llc, operating as Essentia Health, is dedicated to enhancing people's lives by delivering charitable, scientific, and educational healthcare services. With a mission to make a healthy difference, the organization provides a comprehensive range of inpatient and outpatient care, including critical care, medical-surgical care, pediatric services, neonatal intensive care, maternity care, and more. Essentia Health's emergency department operates 24/7 as a Level II trauma center, and it also manages several operating room suites, urgent and walk-in care centers, optical centers, infusion therapy centers, and outpatient surgery centers. Approximately 1,600 full-time equivalents work at Essentia Health, which saw approximately 40,000 hospital patient days and 198,000 outpatient visits during the fiscal year ended June 30, 2022. The organization provided significant community benefits, including $4.6 million in charity care, $15.9 million in excess Medicaid payments, $228,000 in community services, and $1.2 million in health professional education.
Official website here: www.essentiahealth.org
What is the revenue of Innovis Health Llc?
Innovis Health Llc's revenue in 2024 was $625,405,844.
Official website here: www.essentiahealth.org
Who are the executives of Innovis Health Llc and what are their salaries?
The average compensation at Innovis Health Llc during 2024 was $77,674. There are 3313 employees and 75 volunteers at Innovis Health Llc.
Here are 38 key members and their salaries:
- Compensation: $1,689,715
- Related: $0
- Other: $67,093
- Compensation: $1,622,550
- Related: $4,500
- Other: $72,548
- Compensation: $1,482,681
- Related: $0
- Other: $63,604
- Compensation: $1,472,390
- Related: $0
- Other: $63,719
- Compensation: $1,474,056
- Related: $0
- Other: $49,349
- Compensation: $1,416,515
- Related: $0
- Other: $71,151
- Compensation: $211,048
- Related: $668,196
- Other: $182,878
- Compensation: $0
- Related: $900,190
- Other: $125,852
- Compensation: $725,972
- Related: $0
- Other: $131,548
- Compensation: $741,059
- Related: $0
- Other: $111,212
- Compensation: $792,923
- Related: $0
- Other: $31,732
- Compensation: $0
- Related: $645,032
- Other: $140,047
- Compensation: $0
- Related: $645,998
- Other: $132,655
- Compensation: $643,563
- Related: $0
- Other: $65,846
- Compensation: $488,999
- Related: $0
- Other: $68,680
- Compensation: $480,374
- Related: $0
- Other: $65,198
- Compensation: $464,476
- Related: $0
- Other: $63,477
- Compensation: $391,911
- Related: $0
- Other: $96,304
- Compensation: $351,219
- Related: $0
- Other: $65,847
- Compensation: $371,448
- Related: $0
- Other: $13,718
- Compensation: $322,210
- Related: $0
- Other: $25,589
- Compensation: $300,084
- Related: $0
- Other: $37,455
- Compensation: $275,772
- Related: $3,375
- Other: $47,567
- Compensation: $258,393
- Related: $0
- Other: $47,471
- Compensation: $268,072
- Related: $0
- Other: $16,014
- Compensation: $223,212
- Related: $0
- Other: $52,067
- Compensation: $214,060
- Related: $0
- Other: $51,211
- Compensation: $181,830
- Related: $0
- Other: $48,093
- Compensation: $0
- Related: $190,152
- Other: $12,233
- Compensation: $167,746
- Related: $0
- Other: $15,342
- Compensation: $116,149
- Related: $0
- Other: $0
- Compensation: $101,152
- Related: $0
- Other: $0
- Compensation: $0
- Related: $24,500
- Other: $0
- Compensation: $0
- Related: $4,500
- Other: $0
- Compensation: $0
- Related: $4,500
- Other: $0
- Compensation: $0
- Related: $3,375
- Other: $0
- Compensation: $0
- Related: $2,200
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.essentiahealth.org
Where can I find the form 990 for Innovis Health Llc?
Innovis Health Llc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.essentiahealth.org
Learn more at the official website: www.essentiahealth.org
Mission Statement of Innovis Health Llc
Innovis Health Llc, also known as Essentia Health West, is a charitable organization dedicated to making a significant difference in people's lives through healthcare services. With a mission to improve the health and wellbeing of individuals in Minnesota and North Dakota, Essentia Health West operates a 142-bed hospital and 16 clinics. These facilities offer a comprehensive range of healthcare services, including critical care, medical surgical care, pediatric services, neonatal intensive care, and maternity care. The organization's emergency department functions as a Level II trauma center, available 24 hours a day. Essentia Health West is staffed by approximately 1,600 full-time equivalents and served over 40,000 hospital patient days and 198,000 outpatient visits during the fiscal year ended June 30, 2022. In addition to hospital and clinic services, the organization also operates urgent and walk-in care, optical centers, infusion therapy centers, and outpatient surgery centers.
Essentia Health West's commitment to community benefits extends beyond its clinical services. During the same fiscal year, the organization provided $4.6 million in charity care, $15.9 million in costs excess of Medicaid payments, $228,000 in community services, and $1.2 million in health profession education. These efforts reflect the organization's dedication to ensuring access to healthcare for those in need, regardless of their ability to pay. Essentia Health West's multifaceted approach to community engagement and healthcare delivery allows it to make a meaningful impact on the lives of individuals in its care.
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Impact
October, 2024
Innovis Health LLC, operating under the name Essentia Health West, profoundly impacts the health and well-being of individuals in Minnesota and North Dakota. By providing a comprehensive range of healthcare services through its 142-bed hospital and 16 clinics, Innovis Health plays a crucial role in the community, addressing various medical needs, from critical and surgical care to pediatric and maternity services.
With 24/7 access through its emergency department, designed as a Level II trauma center, the organization ensures that patients receive timely medical attention during emergencies. The operational capabilities extend to outpatient care, urgent and walk-in services, and specialized facilities such as infusion therapy and optical centers, further enhancing accessibility to healthcare.
In the fiscal year ending June 30, 2022, Innovis Health delivered significant community benefits, including $4.6 million in charity care for patients unable to pay, and absorbed $15.9 million in costs beyond Medicaid payments. With approximately 432,000 clinic encounters and 198,000 outpatient visits reported, the organization's capacity to serve the community is evident. Furthermore, its commitment to health profession education underscores a dedication to cultivating the next generation of healthcare providers, further contributing to the local healthcare landscape. Through these efforts, Innovis Health exemplifies its mission of making a healthy difference in people's lives, solidifying its role as a vital healthcare resource in the region.
This information is meant to be a general summary of Innovis Health Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $11,518
- Program Service Revenue: $622,015,231
- Gross Receipts: $626,350,530
Assets and Liabilities:
- Total Assets: $292,983,163
- Total Liabilities: $305,707,220
- Net Assets: -$12,724,057
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INPATIENT AND OUTPATIENT REVENUES
Revenue
$621,476,066
DAKOTA CLINIC PHARMACY INVESTMENT
Revenue
$315,809
PARK RAPIDS AREA INVESTMENT
Revenue
$223,356
Organization Details
Founding Year
2007
Principal Officer
Rich Vetter Md
Website
www.essentiahealth.orgNTEE Category
Code: E20 - Health
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