Memorial Hospital Inc
- Assets
- $52.8m
- Revenue
- $38.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Neillsville, WI
- Founding
- 11/1956
- Data as of
- 12/2021
- EIN
- 39-0806828
Organization Overview
Memorial Hospital Inc, operating under the name Marshfield Medical Center-Neillsville, is located in Neillsville, WI. The organization was established in 1956. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshfield Medical Center-Neillsville is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Marshfield Medical Center-Neillsville generated $38.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $32.2m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORIAL HOSPITAL, INC. IS A NOT-FOR-PROFIT 25-BED COMMUNITY HOSPITAL LOCATED IN NEILLSVILLE, WISCONSIN THAT PROVIDES MEDICAL, SURGICAL, EMERGENCY AND URGENT CARE SERVICES. OTHER HOSPITAL SERVICES PROVIDED INCLUDE, BUT ARE NOT LIMITED TO: PRIMARY CARE, ORTHOPEDIC GENERAL SURGERY, ONCOLOGY, ATHLETIC TRAINING, PAIN MANAGEMENT, PHARMACY, PHYSICAL THERAPY, RADIOLOGY, LABORATORY, CARDIAC REHABILITATION, RESPIRATORY THERAPY, OCCUPATIONAL THERAPY AND DIABETIC EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bugher Chair | OfficerTrustee | 1 | $0 |
Mark Bradley Vice Chair | OfficerTrustee | 1 | $0 |
Ruwan Dissanayake MD Secretary | OfficerTrustee | 1 | $0 |
John Baltus Treasurer | OfficerTrustee | 1 | $0 |
Doug Mathison Board Member | Trustee | 1 | $0 |
Susan Turney MD Board Member/mchs CEO | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Agency Nursing | 12/30/19 | $645,585 |
Staff Care Inc Emergency Room Physicians | 12/30/19 | $254,386 |
Wi Anesthesia Svc Llc Anesthesia Services | 12/30/19 | $501,431 |
Wold Architects Inc Architect For New Building | 12/30/19 | $177,744 |
Emile Salvo Mc Sc Emergency Room Physicians | 12/30/19 | $144,363 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,927 |
| Investment income | -$39,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,275 |
| Net Gain/Loss on Asset Sales | -$211,724 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,560,812 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,164,499 |
| Pension plan accruals and contributions | $861,704 |
| Other employee benefits | $2,104,111 |
| Payroll taxes | $969,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,872,391 |
| Advertising and promotion | $6,786 |
| Office expenses | $171,932 |
| Information technology | $34,710 |
| Royalties | $0 |
| Occupancy | $476,414 |
| Travel | $31,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,033 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,902,554 |
| Insurance | $656 |
| All other expenses | $0 |
| Total functional expenses | $32,193,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,543 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,162,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $722,557 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $726,283 |
| Intangible assets | $0 |
| Other assets | $79,920 |
| Total assets | $52,835,421 |
| Accounts payable and accrued expenses | $255,563 |
| Grants payable | $0 |
| Deferred revenue | $921,757 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $64,488 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,241,808 |
| Net assets without donor restrictions | $51,593,613 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $51,593,613 |