Memorial Hospital Inc
- Assets
- $52.4m
- Revenue
- $34.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Neillsville, WI
- Founding
- 11/1956
- Data as of
- 12/2020
- 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 12/2020, Marshfield Medical Center-Neillsville generated $34.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $25.9m during the year ending 12/2020. 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
2020
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Zillman Chief Admin Officer Mmc-Neillsville | 50 | $183,764 | |
Ruwan Dissanayake MD Secretary | OfficerTrustee | 1 | $0 |
Mark Bradley Vice Chair | OfficerTrustee | 1 | $0 |
Mark Bugher Chair | OfficerTrustee | 1 | $0 |
John Baltus Treasurer | OfficerTrustee | 1 | $0 |
Jerard Jensen Mchs General Counsel | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emile Salvo Mc Sc Emergency Room Physicians | 12/30/19 | $144,363 |
Medical Solutions Llc Agency Nursing | 12/30/19 | $645,585 |
Wold Architects Inc Architect For New Building | 12/30/19 | $177,744 |
Staff Care Inc Emergency Room Physicians | 12/30/19 | $254,386 |
Wi Anesthesia Svc Llc Anesthesia Services | 12/30/19 | $501,431 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,178,216 |
| Investment income | $95,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $264 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,301,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $259,403 |
| 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 | $13,907,109 |
| Pension plan accruals and contributions | $742,256 |
| Other employee benefits | $1,793,227 |
| Payroll taxes | $834,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,614,647 |
| Advertising and promotion | $10,247 |
| Office expenses | $81,246 |
| Information technology | $120,384 |
| Royalties | $0 |
| Occupancy | $496,547 |
| Travel | $11,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,246,591 |
| Insurance | $95 |
| All other expenses | $0 |
| Total functional expenses | $25,935,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,005,493 |
| Savings and temporary cash investments | $86,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,908,602 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $699,128 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $813,452 |
| Intangible assets | $0 |
| Other assets | $4,809 |
| Total assets | $52,437,514 |
| Accounts payable and accrued expenses | $30,172,269 |
| Grants payable | $0 |
| Deferred revenue | $1,964,149 |
| 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 | $1,043,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $601,505 |
| Total liabilities | $33,781,500 |
| Net assets without donor restrictions | $0 |
| 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 | $18,656,014 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memorial Hospital Inc has recieved totaling $65,100.
| Awarding Organization | Amount |
|---|---|
Marshfield Clinic Health System Foundation Inc Marshfield, WI PURPOSE: GENERAL SUPPORT | $65,100 |
Endowment Analysis
| Beg. Balance | $10,205 |
| Earnings | $1,361 |
| Ending Balance | $11,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
Winona Health Services Winona, MN | $149,374,764 | $114,059,975 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |
St Bernard Hospital Chicago, IL | $104,253,183 | $104,812,040 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Mcgaw Medical Center Of Northwestern University Chicago, IL | $21,606,214 | $109,728,056 |