Charity Search / AVERA GRANITE FALLS
Health Care (E20) 990 on File

AVERA GRANITE FALLS

EIN: 84-3156881 · GRANITE FALLS, MN 56241-1442 · United States · FY 2023 Data
3 out of 5 57 / 100 Based on 2+ years of filings
Financial strength (30%) 87/100
Reliability (20%) 45/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$29.6M
Total Revenue
$28.5M
Total Expenses
$16.1M
Net Assets
228
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 85.7%
Fundraising Efficiency N/A
Operating Reserve 6.78x
Liability-to-Asset 42.3%
Revenue Diversification 98.7%
Executive Compensation $356K
Compared with Peers
FY 2023
Compared with 3,289 similar organizations (United States, Health Care, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
85.7% 84.9%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
14.3% 14.4%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
6.8 mo 6.5 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
42.3% 37.0%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
98.7% 93.5%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
1.3% 5.5%
P10P90
Expense growth
Year over year expense growth
0.6% 7.3%
P10P90
Surplus margin
Surplus as a share of revenue
3.8% 0.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $29.6M $28.5M $16.1M 85.7% 228
2022 $29.2M $28.3M $14.3M 83.6% 253
2021 $30.5M $27.5M N/A — 270
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Organization Details
EIN
84-3156881
State
MN
City
GRANITE FALLS
ZIP
56241-1442
Classification
E20
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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