Essentia Health Aco Inc

What it reported doing in 2024

Essentia health aco, inc. Is created and organized exclusively for charitable, religious, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code of 1986, as amended and corresponding treasury regulations. In particular, essentia health aco, inc. Shall advance the promotion of health through relationships with individual and institutional health care providers and outside parties for the purpose of reducing the cost and burdens of government and participating in "shared savings and similar innovative programs and conducting related charitable and educational activities, to include, without limitation, promoting accountability for the quality, cost, and overall care for patient care populations; managing and coordinating care for recipients of health care services through essentia health aco, inc.'s activities; encouraging investment in infrastructure and redesigned care processes for high quality and efficient service delivery for medicare beneficiaries and other patients; and assisting health care providers in improving the quality and efficiency of health care services. Essentia health aco, inc. Is organized and will be operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of its supported organizations as listed on schedule a of form 990.the supported organizations of essentia health aco, inc. File separate form 990s. Essentia health aco, inc. Does not have any revenues or expenses not already reported on those 990s.essentia health is the parent organization of an integrated health system that includes this organization and all entities that are owned or controlled, directly or indirectly, by essentia health (collectively, the "system or "essentia health").

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 66.7%; rating input score 67; 0th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: Limited
• Total-asset coverage ratio: Limited
• Liabilities to assets ratio: Limited
• Officer compensation ratio: Limited

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited