The health system’s revenue was up from $4.7 billion in 2020 — an increase of 11% — and up from $4.4 billion in 2019. Sanford’s IRS Form 990 also revealed a $49 million payout to former CEO Kelby Krabbenhoft, who abruptly departed the organization in November 2021.
Sanford claims public charity status because it is a hospital. The revenue report comes as Sanford and Minneapolis-based Fairview Health have approved negotiations on a possible merger.
