Avera Health Plans Inc
EIN: 460451539 · Sioux Falls, SD · NTEE: E80
| Metric | Value |
|---|---|
| Total Revenue | $322.2M |
| Total Expenses | $331.0M |
| Net Assets | $46.9M |
Is Avera Health Plans Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Avera Health Plans Inc
Avera Health Plans Inc (EIN: 460451539) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code E80. The organization reported total revenue of $322.2M and total assets of $97.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Avera Health Plans Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Avera Health Plans Inc is a major nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 30.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $342.3M |
| Total Expenses | $331.0M |
| Surplus / Deficit | +$11.3M |
| Total Assets | $94.1M |
| Total Liabilities | $47.3M |
| Net Assets | $46.9M |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 50.2% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, Avera Health Plans Inc reported a surplus of $11.3M with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 50.2% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), Avera Health Plans Inc's revenue has grown at a compound annual growth rate (CAGR) of 30.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | -5.7% | -5.3% |
| 2022 | -2.3% | -8.4% | +10.6% |
| 2021 | +5.5% | +28.1% | -18.6% |
| 2020 | +13.8% | +8.5% | +16.5% |
| 2019 | +7.1% | +7.9% | +21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Avera Health Plans Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Avera Health Plans Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.2%.
Frequently Asked Questions about Avera Health Plans Inc
Is Avera Health Plans Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Avera Health Plans Inc (EIN: 460451539) insufficient data. 0 red flags identified, 0 strengths noted.
How does Avera Health Plans Inc spend its money?
Detailed spending breakdown data is not yet available for Avera Health Plans Inc. Check back for updated IRS 990 analysis.
Are donations to Avera Health Plans Inc tax-deductible?
Avera Health Plans Inc is registered as a tax-exempt nonprofit (EIN: 460451539). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Avera Health Plans Inc located?
Avera Health Plans Inc is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 460451539. It is classified under NTEE code E80.
How many years of IRS 990 filings does Avera Health Plans Inc have?
Avera Health Plans Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $322.2M in total revenue.
Filing History
IRS 990 filing history for Avera Health Plans Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Avera Health Plans Inc's revenue has grown by 735.8%, moving from $41.0M to $342.3M. Total assets increased by 97.3% over the same period, from $47.7M to $94.1M. Total functional expenses rose by 512.8%, from $54.0M to $331.0M. In its most recent filing year (2023), Avera Health Plans Inc reported a surplus of $11.3M, with revenue exceeding expenses. The organization holds $47.3M in liabilities against $94.1M in assets (debt-to-asset ratio: 50.2%), resulting in net assets of $46.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $342.3M | $331.0M | $94.1M | $47.3M | — | — |
| 2022 | $337.0M | $351.1M | $99.4M | $67.8M | — | — |
| 2021 | $344.8M | $383.3M | $89.9M | $56.2M | — | View 990 |
| 2020 | $326.9M | $299.2M | $110.4M | $45.9M | — | View 990 |
| 2019 | $287.4M | $275.7M | $94.8M | $43.6M | — | View 990 |
| 2018 | $268.5M | $255.5M | $77.7M | $38.0M | — | View 990 |
| 2017 | $270.4M | $262.2M | $77.1M | $45.3M | — | — |
| 2016 | $211.5M | $211.0M | $56.6M | $34.4M | — | View 990 |
| 2015 | $41.0M | $54.0M | $47.7M | $25.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $342.3M, expenses of $331.0M, and assets of $94.1M (revenue +1.6% year-over-year).
- 2022: Revenue of $337.0M, expenses of $351.1M, and assets of $99.4M (revenue -2.3% year-over-year).
- 2021: Revenue of $344.8M, expenses of $383.3M, and assets of $89.9M (revenue +5.5% year-over-year).
- 2020: Revenue of $326.9M, expenses of $299.2M, and assets of $110.4M (revenue +13.8% year-over-year).
- 2019: Revenue of $287.4M, expenses of $275.7M, and assets of $94.8M (revenue +7.1% year-over-year).
- 2018: Revenue of $268.5M, expenses of $255.5M, and assets of $77.7M (revenue -0.7% year-over-year).
- 2017: Revenue of $270.4M, expenses of $262.2M, and assets of $77.1M (revenue +27.8% year-over-year).
- 2016: Revenue of $211.5M, expenses of $211.0M, and assets of $56.6M (revenue +416.4% year-over-year).
- 2015: Revenue of $41.0M, expenses of $54.0M, and assets of $47.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Avera Health Plans Inc:
Data Sources and Methodology
This transparency report for Avera Health Plans Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.