Overview
What is Centracare Health System?
Centracare Health System (CCHS) is a comprehensive integrated healthcare organization based in St. Cloud, Minnesota. It encompasses six critical access hospitals, two acute care hospitals, a multispecialty clinic, a surgical center, retail pharmacy network, nursing home, and a foundation. Centracare Laboratory, a significant division of the system, conducted 2.24 million tests in fiscal year 2022, generating $115.68 million in revenue and incurring $94.64 million in expenses. Centracare Surgical Center offers elective surgeries to patients in the central Minnesota region, completing 6,498 procedures in fiscal year 2022, with $14.92 million in revenue and $12.71 million in expenses. CCHS aims to provide quality healthcare services at affordable prices, serving its patients in multiple areas. Their mission is to listen, guide, and heal, recognizing that health means everything. With a workforce of over 15,000 employees, the system is dedicated to serving its community through various healthcare offerings.
Official website here: www.centracare.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Stars .ating.
Centracare Health System has achieved a solid Four-Star rating from Charity Navigator, primarily based on its strong accountability and finance practices. The organization received an impressive score of 90% in this category, indicating that it effectively manages its finances and adheres to high standards of transparency and accountability. Notably, the majority of its board members are independent, which enhances governance and oversight.
The financial structure of Centracare Health System is robust, with a high program expense ratio of 78.43%, reflecting a strong commitment to allocating resources towards its programs and services. Additionally, the organization has well-defined policies in place, including conflict of interest and whistleblower policies, all of which contribute to a trustworthy operational framework.
However, there are some areas for improvement, such as the liabilities to assets ratio, which stands at 58.56%. While this score is decent, it does indicate that the organization may have a moderate level of liabilities compared to its assets, which could affect financial stability in the long term. Overall, Centracare Health System demonstrates a strong commitment to its mission and effective governance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Centracare Health System legitimate?
Centracare Health System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centracare Health System 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: $16,437,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,085,751
For more financial information, click here
Official website here: www.centracare.com
What is the mission statement of Centracare Health System?
Centracare Health System is a comprehensive healthcare organization, consisting of six critical access hospitals, two acute care hospitals, a multi-specialty clinic, surgical center, retail pharmacy network, nursing home, and a foundation. Dedicated to delivering quality healthcare services at affordable prices, Centracare Health System aims to support its patients throughout their lives. Its mission statement reflects a commitment to listen, serve, guide, and heal, emphasizing the importance of health in every aspect. Centracare Laboratory Services, a part of the organization, performed over two million tests in FY 2022 and generated significant revenue. Centracare Surgical Center offers elective surgery procedures to patients in the region and generated over $14 million in program revenue during the same fiscal year.
Official website here: www.centracare.com
Who is the CEO of Centracare Health System?
Kenneth D Holmen Md is the Principal Officer of Centracare Health System. The CEO's salary of Centracare Health System is $1,690,800 and their total compensation is $1,735,985.
Official website here: www.centracare.com
What is the revenue of Centracare Health System?
Centracare Health System's revenue in 2022 was $622,933,545.
Official website here: www.centracare.com
Who are the executives of Centracare Health System and what are their salaries?
The average compensation at Centracare Health System during 2022 was $13,453. There are 15575 employees and 297 volunteers at Centracare Health System.
Here are 38 key members and their salaries (Centracare Health System's CEO's salary is $1,690,800 and their total compensation is $1,735,985):
- Compensation: $1,690,800
- Related: $0
- Other: $45,185
- Compensation: $508,558
- Related: $0
- Other: $47,990
- Compensation: $456,324
- Related: $0
- Other: $2,687
- Compensation: $361,850
- Related: $0
- Other: $51,695
- Compensation: $160,634
- Related: $0
- Other: $48,657
- Compensation: $3,667
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,157,044
- Related: $0
- Other: $17,026
- Compensation: $696,579
- Related: $0
- Other: $54,992
- Compensation: $495,979
- Related: $0
- Other: $45,247
- Compensation: $911,392
- Related: $0
- Other: $54,651
- Compensation: $788,637
- Related: $0
- Other: $48,947
- Compensation: $778,292
- Related: $0
- Other: $22,525
- Compensation: $727,052
- Related: $0
- Other: $54,915
- Compensation: $581,153
- Related: $0
- Other: $52,457
- Compensation: $570,793
- Related: $0
- Other: $52,472
- Compensation: $568,589
- Related: $0
- Other: $52,510
- Compensation: $447,036
- Related: $0
- Other: $36,652
- Compensation: $428,183
- Related: $0
- Other: $51,302
- Compensation: $403,510
- Related: $0
- Other: $46,529
- Compensation: $388,097
- Related: $0
- Other: $49,249
- Compensation: $383,225
- Related: $0
- Other: $54,002
- Compensation: $375,071
- Related: $0
- Other: $45,479
- Compensation: $284,509
- Related: $0
- Other: $37,819
- Compensation: $724,980
- Related: $0
- Other: $55,664
- Compensation: $639,410
- Related: $0
- Other: $33,197
- Compensation: $615,903
- Related: $0
- Other: $47,707
- Compensation: $505,177
- Related: $0
- Other: $52,012
- Compensation: $490,534
- Related: $0
- Other: $28,342
- Compensation: $486,552
- Related: $0
- Other: $48,115
- Compensation: $139,399
- Related: $0
- Other: $4,095
Official website here: www.centracare.com
Where can I find the form 990 for Centracare Health System?
Centracare Health System's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centracare.com
Learn more at the official website: www.centracare.com
Mission Statement of Centracare Health System
Centracare Health System, a comprehensive integrated healthcare organization, is dedicated to providing quality healthcare services to individuals at affordable prices. With a mission to listen, serve, guide, and heal, Centracare Health System goes above and beyond for the wellbeing of its patients.
The system, consisting of six critical access hospitals, two acute care hospitals, a multi-specialty clinic, surgical center, retail pharmacy network, nursing home, and a foundation, serves its patients in various capacities. Centracare Laboratory Services, a significant component of the organization, conducts tests for all hospitals under its umbrella and external facilities in the region. In Fiscal Year 2022, the laboratory performed an impressive 2,238,477 tests, generating $115,675,382 in program revenue and incurring $94,640,833 in program expenses.
Centracare Surgical Center is another integral part of the system, offering elective surgery procedures to patients in the central Minnesota region. In Fiscal Year 2022, the center performed a noteworthy 6,498 surgeries, generating $14,920,775 in program revenue and $12,707,495 in program expenses. These figures underscore Centracare Health System's commitment to delivering superior healthcare services to its patients.
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Impact
October, 2024
Centracare Health System has a significant impact on the communities it serves by providing comprehensive and accessible healthcare services. As an integrated multi-organizational health care system, it encompasses six critical access hospitals, two acute care hospitals, a multi-specialty clinic, a surgical center, a retail pharmacy network, a nursing home, and a foundation. This extensive network ensures that patients receive acute, elective, and preventive care tailored to their needs.
In fiscal year 2022, Centracare Laboratory conducted an impressive 2,238,477 tests, highlighting its role in diagnostics and healthcare management. The laboratory generated $115,675,382 in program revenue, demonstrating its financial viability while supporting quality healthcare delivery. The Centracare Surgical Center further reinforces its commitment to patient care, performing 6,498 elective surgeries in the same fiscal year. It generated $14,920,775 in program revenue, underscoring its capacity to address surgical needs in the central Minnesota region.
Through its multi-faceted approach, Centracare Health System plays a crucial role in promoting health and wellness, guiding and healing individuals at every stage of life. Its mission emphasizes a patient-centered focus that prioritizes listening and service, ensuring that the community's healthcare needs are met effectively and empathetically.
This information is meant to be a general summary of Centracare Health System. 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 2022.
- Investment Income: $9,603,783
- Program Service Revenue: $492,064,992
- Gross Receipts: $630,650,409
Assets and Liabilities:
- Total Assets: $913,072,774
- Total Liabilities: $574,209,803
- Net Assets: $338,862,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT & SERVICE REV
Revenue
$458,301,735
HEALTH INS. PREMIUM
Revenue
$22,332,049
SHARED/LEGAL SYSTEM
Revenue
$11,431,208
Organization Details
Founding Year
1995
Phone
(320) 251-2700Principal Officer
Kenneth D Holmen Md
Main Address
1406 6TH AVENUE NORTH, ST CLOUD, MN, 56303
Website
www.centracare.comNTEE Category
Code: E21 - Health
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