CentraCare

Legal name: St Cloud Hospital

Nonprofit profile at a glance

EIN
410695596
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
St Cloud, MN, USA
Phone
320-200-3200
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$1,200,551,712
Expenses
$1,069,617,862
Assets
$1,400,664,778
Liabilities
$109,625,972

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • KENNETH HOLMEN (PRESIDENT/CEO)
  • JOY PLAMANN (PRESIDENT)
  • MARIA MALLORY (VICE PRESIDENT)
  • RACHAEL LESCH (VICE PRESIDENT)

Highest reported compensation

  • KENNETH HOLMEN (PRESIDENT/CEO): $1,969,529 total reported compensation
  • JEFFREY GERDES (PHYSICIAN): $1,736,649 total reported compensation
  • WADE SCHMIDT (PHYSICIAN): $1,524,246 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide expert, compassionate care close to home.

What it reported doing in 2024

Centracare health is primarily engaged in supporting and directing healthcare delivery through its affiliated entities. Centracare operates as the parent corporation to the saint cloud hospital which strives to improve the quality and expand the clinical scope of, enhance access to, and assure affordability of, health services for residents in the st. Cloud area and central Minnesota. These aims are supported by centracare's commitment to advance medical education, training and research. As a high quality regional medical center, st. Cloud hospital provides a broad range of acute inpatient services. With 489 licensed inpatient beds, st. Cloud hospital cared for 26,484 inpatient admissions with 121,429 associated patient days, during fiscal year 2025. Inpatient services include medical and surgical care, birthing services, children's services including neonatal intensive care and pediatric intensive care, behavioral health care services for adults and adolescents, along with specialized care in cardiology, neurosciences, neurosurgery, orthopedics and rehabilitation services.as a high quality regional medical center, st. Cloud hospital provides a broad range of outpatient services. St. Cloud hospital cared for 384,604 outpatient encounters including 64,342 emergency room visits during fiscal year 2025. Outpatient services include emergency room services, behavioral health care, cancer treatment, dialysis, imaging procedures, diagnostic heart procedures, rehabilitation therapy, same day surgery and other ambulatory care services.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 68
  • Accountability: 60
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75%; rating input score 75
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 1st percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.3%; rating input score 98; 35th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 46.7%; rating input score 47; 12th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.9%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 1.31; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 85; 85th percentile among comparable filings
  • Officer compensation ratio: 0.1%; rating input score 92; 92nd percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 27th percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 3.5% per year; rating input score 100; 24th percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 75% of revenue deployed · 84.3% of spending went to programs
  • Governance: 7 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $902.2M in reported program spending
  • Leadership: top reported pay $2M · 28 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $20.9M reported
  • Consistency: 33 of 35 current checks pass · 2 findings to review
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 14 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Independent voting board scored 47/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.