Avera Health Plans Inc
88% goes to programs
Avera Health Plans Inc is a 501(c)(4) organization based in Sioux Falls, South Dakota, registered in 2016, with $307,117,436 in FY2024 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
5300 S Broadband Ln, Sioux Falls, SD, 57108 EIN 46-0451539 Since 2016
Revenue (FY2024)
$307.1M
▼ 10.3% vs prior year
Health median: $840K
Expenses (FY2024)
$293.2M
Net assets
$62.0M
Employees
189
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Avera Health Plans Inc: 88% to programs earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Avera Health Plans Inc: 3 mo reserves · +5% margin earns a B on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Avera Health Plans Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Avera Health Plans Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide low-cost, high quality health plan coverage.
Contact & location
- Address
- 5300 S Broadband Ln, Sioux Falls, SD, 57108
- City
- Sioux Falls
- State
- South Dakota
- Category
- Health Care
- Subcategory
- Health Care Financing
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $41.0M (FY2015) to $307.1M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $35.1MNet assets $62.0M
Operating margin
4.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$97.1M
Total liabilities
$35.1M
Net assets
$62.0M
Salaries & benefits
$19.6M
7% of expenses
Board members
11
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $307,117,436▼10.3% | $293,221,455▼11.4% | $62,035,386▲32.4% | $97,099,522▲3.2% | 990 |
| 2023 | $342,342,227▲1.6% | $331,043,313▼5.7% | $46,851,490▲48.3% | $94,133,862▼5.3% | 990 |
| 2022 | $337,041,127▼2.3% | $351,085,632▼8.4% | $31,584,405▼6.2% | $99,399,851▲10.6% | 990 |
| 2021 | $344,814,571▲5.5% | $383,335,892▲28.1% | $33,666,149▼47.8% | $89,852,085▼18.6% | 990 |
| 2020 | $326,945,286▲13.8% | $299,167,383▲8.5% | $64,480,315▲26.0% | $110,420,388▲16.5% | 990 |
| 2019 | $287,416,585▲7.1% | $275,683,826▲7.9% | $51,172,529▲28.7% | $94,760,633▲21.9% | 990 |
| 2018 | $268,466,086▼0.7% | $255,488,120▼2.6% | $39,751,069▲25.2% | $77,746,308▲0.9% | 990 |
| 2017 | $270,357,229▲27.8% | $262,191,458▲24.3% | $31,759,550▲42.8% | $77,062,871▲36.1% | 990 |
| 2016 | $211,513,355▲416% | $210,950,548▲290% | $22,241,165▲0.6% | $56,625,039▲18.7% | 990 |
| 2015 | $40,960,944 | $54,022,950 | $22,106,859 | $47,717,458 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dr Preston Renshaw — $433,493 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Preston Renshaw | Cmo | 40 | $433,493 |
| David Warsing | Coo (mar-jun) | 40 | $395,113 |
| Jordan Anderson | Vp - Sales/sr Director - Sales | 40 | $328,147 |
| Christopher Jessen | Cfo | 40 | $305,246 |
| Renee Schroeder | Medical Director | 40 | $281,737 |
| Lisa Carlson | Vp - Product Strategy & Dev | 40 | $228,153 |
| Josephine Opong-vaughn | Vp - Network Dev (beg Mar 2024) | 40 | $205,668 |
| Sara Hansen - Senior Dir of | Population Health & Clinic Ops | 40 | $196,140 |
| John Mohr - Director of | Provider Contracting (jan-jun) | 40 | $184,549 |
| Jason Bortmen | Business Development Executive | 40 | $160,489 |
| Michael Dooley | Director of Provider Relations | 40 | $155,467 |
| Andrew Ellsworth | Director; Physician | 1 | — |
| Bob Sutton | Former President | 0 | — |
| Clark Sinclair | Director | 1 | — |
| David Flicek | Director | 1 | — |
| David Lemperle | President/ceo | 40 | — |
| Douglas Ekeren | Director | 1 | — |
| Jacquelyn Johnson | Director | 1 | — |
| James Dover | Director; President/ceo Avera Health | 1 | — |
| Julie Lautt | Secretary/treasurer | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Attentis Consulting Inc | Contracted Services - Software Build | $2,119,865 |
| Umr | Network Access Fees | $1,957,865 |
| Healthedge Software Inc | Saas Fees | $1,915,490 |
| Doherty Consulting Inc | Professional Services | $1,007,164 |
| Omnitech | Contracted Services | $902,867 |
Grants made · $650K in FY2024
1 grant totaling $650K in FY2024. All grants made by Avera Health Plans Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| South Dakota Partners In Education | Scholarship | $650,000 |
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Frequently asked questions
- Is Avera Health Plans Inc a legitimate nonprofit?
- Yes. Avera Health Plans Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 46-0451539, based in Sioux Falls, South Dakota.
- What is Avera Health Plans Inc's EIN?
- Avera Health Plans Inc's Employer Identification Number (EIN) is 46-0451539.
- How much revenue does Avera Health Plans Inc report?
- Avera Health Plans Inc reported $307,117,436 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Avera Health Plans Inc's spending goes to programs?
- Avera Health Plans Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Avera Health Plans Inc have?
- CharityIndex grades Avera Health Plans Inc A, based on program efficiency and fundraising cost.
- How much does Avera Health Plans Inc's highest-paid employee make?
- The highest reported compensation on Avera Health Plans Inc's latest Form 990 is $433,493, paid to Dr Preston Renshaw (Cmo).
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Data for Avera Health Plans Inc (EIN 46-0451539) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.