Velarion Records

Critical access hospital · Granite Falls, Minnesota · 25 beds · CMS certification number 241343

Avera Granite Falls Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 12, 2025. 24 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$28.7M
$28,694,421 · G-3 line 3
Operating expenses
$29.6M
$29,601,122 · G-3 line 4
Result from patient care
−$907K
−$906,701 · G-3 line 5
Margin on patient care
−3.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $2.9M in its first year on file (2002) to $28.7M in 2025.
  • Its result from patient care: $19K (2023), $596K (2024), −$907K (2025).
  • 4 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 1.4% of its inpatient days and Medicare for 60.9%.
  • AVERA HEALTH holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

24 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2002
settled
$2.9M
$2.8M
2003
settled with audit
$13.3M
$12.3M
2004
settled with audit
$14.1M
$13.5M
2005
settled
$14.3M
$14.4M
2006
settled
$13.9M
$14.5M
2007
settled with audit
$14.3M
$15.3M
2008
settled
$15.0M
$16.0M
2009
settled with audit
$16.1M
$15.9M
2010
as submitted
$16.0M
$16.5M
2011
settled
$15.9M
$17.1M
2012
settled
$14.9M
$16.9M
2013
settled
$17.2M
$17.3M
2014
settled
$18.9M
$17.8M
2015
settled
$18.5M
$19.1M
2016
settled
$20.0M
$21.8M
2017
settled
$22.9M
$24.0M
2018
settled
$23.6M
$25.4M
2019
reopened
$25.8M
$28.2M
2020
settled
$10.6M
$12.2M
2021
settled
$24.9M
$27.5M
2022
settled
$27.0M
$28.3M
2023
settled
$28.5M
$28.5M
2024
settled
$28.9M
$28.3M
2025
as submitted
$28.7M
$29.6M

Beside its peers

Critical access hospitals in Minnesota with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Avera Granite Falls Health Center25$28,694,421$29,601,122−3.2%
CCM Health, Montevideo25$72,369,462$75,837,744−4.8%
Lakewood Health System, Staples25$153,924,280$170,270,412−10.6%
Madelia Health, Madelia25$23,038,187$24,835,605−7.8%
Riverwood Health Care Center, Aitkin25$99,605,141$120,986,513−21.5%
Sanford Bagley Medical Center, Bagley25$15,624,155$14,799,7675.3%

Patients and payers

Discharges
97
S-3 line 14, col 15
Inpatient days
718
S-3 line 14, col 8
Beds in use, on an average day
2.0
days ÷ days in year
Occupancy
7.9%
days ÷ bed days
Medicare share of days
60.9%
S-3 cols 6 ÷ 8
Medicaid share of days
1.4%
S-3 cols 7 ÷ 8

Who owns it

  • AVERA HEALTH100%
  • AVERA MARSHALL100%

Related organizations on its own cost report: CMDI (0%), radiology svcs; AVERA MARSHALL (100%), healthcare.

Other hospitals with the same owner: Avera Merrill Pioneer Hospital (IA), Avera Holy Family Hospital (IA), Avera Tyler Hospital (MN), Avera Marshall Regional Medical Center (MN), Avera St. Anthonys Hospital (NE), Avera Creighton Hospital (NE).

Type of control on its cost report: voluntary nonprofit, other.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by Avera Granite Falls (employer identification number 843156881) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$6,189,495IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$18,667IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$324,293IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$342,960IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$5,846,535IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.2173IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202431359349309688. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by Avera Granite Falls (employer identification number 843156881) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
Debbie StreierRegional President & CEOTrustee/director, Officer$0$470,488$38,557
Deena AusDirector - Patient Care ServicesHighest-compensated employee$112,900$0$45,453
Jennifer Ann JagerDirector - AmbulanceHighest-compensated employee$137,385$0$17,615
Jennifer VarpnessRN - Clinical InformaticistHighest-compensated employee$105,020$0$15,975
Julie LauttCFO Avera Health;Secretary/TreasurerOfficer$0$1,086,452$17,088
LaVonne KoenenChairTrustee/director, Officer$0$0$0
Lorie TjadenDirector - Nursing ServicesHighest-compensated employee$109,965$0$30,926
Mark JensenVice ChairTrustee/director, Officer$0$0$0
Rosa Rios Avendano MDBoard Member/Family Medicine/OBTrustee/director$0$324,352$30,277
Seth StreblowAssistant Director - AmbulHighest-compensated employee$118,544$0$26,921
Sharon Pazi ZeaBoard MemberTrustee/director$0$0$0
Sister Lucille WelbigBoard MemberTrustee/director$0$0$0
Stephen CrimBoard MemberTrustee/director$0$48,817$0
Thomas J KooimanBoard Member/AdministratorTrustee/director, Officer$280,835$0$42,668
Valerie HoffmanFormer CFO (Left 09/2022)Former$208,657$0$21,748

E-file object id 202431359349309688. The IRS archive it was read from.

Follow this hospital, free

We send this record now and tell you when it files again.

More critical access hospitals in Minnesota

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 241343. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read December 12, 2025.