St Mary's Innovis Health
Nonprofit profile at a glance
- EIN
- 262861321
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Detroit Lakes, MN, USA
- Phone
- 2188475611
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals and Related Primary Medical Care Facilities
Reported finances
- Revenue
- $10,360,732
- Expenses
- $8,866,954
- Assets
- $6,501,273
- Liabilities
- $1,821,606
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- TANNER GOODRICH (PRESIDENT)
- RYAN HILL (FORMER INTERIM PRESIDENT)
Highest reported compensation
- BENJAMIN SMITH MD (BOARD DIRECTOR/RELATED ORG PHYSICIAN): $1,788,790 total reported compensation
- TRACI MORRIS (TREASURER/REL ORG CHIEF FINCL OFF): $1,199,416 total reported compensation
- MICHAEL WATTERS (SECRETARY/REL ORG CHIEF LEGAL OFF): $924,527 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We are called to make a healthy difference in people's lives.
What it reported doing in 2024
St. Mary's innovis health is created and organized exclusively for charitable, religious, educational, and scientific purposes. More specifically, st. Mary's innovis health shall own, maintain, operate, and conduct health care and related activities and facilities for the promotion of health within its community, including charitable care to persons unable to pay.st. Mary's innovis health has a retail pharmacy serving both patients and non-patients of essentia health st. Mary's-detroit lakes, a related organization. The pharmacy filled over 105,000 prescriptions during the fiscal year ended june 30, 2025.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").
Operating model
- Revenue model
- Earned-program. 100% 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. A relatively small share of voting board members are independent and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 89
- Accountability: 71
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.3%; rating input score 82
- Program expense ratio: 94.9%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Yes; rating input score 100
Accountability
- Independent voting board: 50%; rating input score 50; 8th 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: 14.4%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 0.73; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 13%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 10.3% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 82.3% of revenue deployed · 94.9% of spending went to programs
- Governance: 4 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8.4M in reported program spending
- Leadership: top reported pay $1.8M · 19 people listed · 4 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes executive pay and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 27 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.
- Review — Accountability: Independent voting board scored 50/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.