#465 of 500 · Health Plan / Insurer

Avera Health Plans Inc

EIN 46-0451539 · SD · NTEE E80 · Form 990, fiscal 2023

A nonprofit health insurance company founded in 1999 and based in Sioux Falls, South Dakota, part of Avera Health, a regional health ministry sponsored by the Benedictine and Presentation Sisters. It offers individual and family, employer group, and Medicare Supplement health insurance plans in South Dakota and Iowa, integrated with Avera's regional network of hospitals, clinics, and providers. It emphasizes cost-effective, quality coverage grounded in Avera's Catholic health-ministry values.

Financials, fiscal 2023

Revenue

$342.3M

Expenses

$331.0M

Total assets

$94.1M

Net assets

$46.9M

Operating margin

3.3%

1-year growth

1.6%

5-year growth (CAGR)

4.5%

Reserve (years of spending)

1.7

Contributions share

n/a

Programme spending

99.3%

Fundraising cost

n/a

Executive pay share

0.75%

Employees

201

Revenue per employee

$1.7M

Grants paid

$600K

Years filing

7

NFP Health Score: 57 / 100

Financial 18 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

Avera Health Plans is a health ministry of the Benedictine and Presentation Sisters, dedicated to helping the people and communities it serves by providing cost-effective, innovative health plans grounded in Christian values.

Revenue history