The Monroe Clinic Inc
- Assets
- $409.6m
- Revenue
- $215.8m
- Investments
- $128.7m
- Employees
- 1,315
- Location
- Monroe, WI
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 39-0808509
Organization Overview
The Monroe Clinic Inc is located in Monroe, WI. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Monroe Clinic Inc employed 1,315 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Monroe Clinic Inc 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, Monroe Clinic Inc generated $215.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $199.4m during the year ending 12/2021. While expenses have increased by 2.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MONROE CLINIC, INC. PROVIDES HEALTHCARE SERVICES TO THE COMMUNITIES IN AND SURROUNDING GREEN COUNTY, WI, AND STEPHENSON COUNTY, IL. MEDICAL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S ABILITY TO PAY.
Describe the Organization's Program Activity:
PLEASE SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Staffing Services | 12/30/21 | $704,743 |
Cg Schmidt Inc Construction Management | 12/30/21 | $955,686 |
Associated Pathologists Sc Pathology Testing | 12/30/21 | $887,818 |
Associated Regional & University Pathologists Pathology Services | 12/30/21 | $469,448 |
Weatherby Locums Inc Staffing Services | 12/30/21 | $971,230 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $159,358 |
| Government grants | $3,948,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $22,526 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,108,688 |
| Total Program Service Revenue | $194,732,021 |
| Investment income | $2,185,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,150 |
| Net Gain/Loss on Asset Sales | $7,649,193 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,020 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,841,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,450 |
| 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. | $3,393,926 |
| Compensation of current officers, directors, key employees. | $146,216 |
| Compensation to disqualified persons | $671,963 |
| Other salaries and wages | $83,346,725 |
| Pension plan accruals and contributions | $4,022,838 |
| Other employee benefits | $14,113,209 |
| Payroll taxes | $5,281,655 |
| Fees for services: Management | $1,319 |
| Fees for services: Legal | $29,484 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $4,989 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,809,295 |
| Advertising and promotion | $8,542 |
| Office expenses | $8,444,183 |
| Information technology | $6,800,272 |
| Royalties | $0 |
| Occupancy | $2,366,925 |
| Travel | $367,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,702 |
| Interest | $2,299,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,222,521 |
| Insurance | $467,269 |
| All other expenses | $0 |
| Total functional expenses | $199,442,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,789 |
| Savings and temporary cash investments | $108,003,223 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,780,157 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,703,796 |
| Inventories for sale or use | $3,370,251 |
| Prepaid expenses and deferred charges | $580,746 |
| Net Land, buildings, and equipment | $125,909,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $128,683,551 |
| Investments—program-related | $9,656,336 |
| Intangible assets | $0 |
| Other assets | $2,906,348 |
| Total assets | $409,600,640 |
| Accounts payable and accrued expenses | $18,987,805 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $139,738,883 |
| Total liabilities | $158,726,688 |
| Net assets without donor restrictions | $244,726,061 |
| Net assets with donor restrictions | $6,147,891 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $409,600,640 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Monroe Clinic Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Kalscheur Family Foundation Wilmington, DE PURPOSE: HOSPICE FUND | $2,500 |
Endowment Analysis
| Beg. Balance | $5,489,706 |
| Earnings | $843,308 |
| Net Contributions | $252,166 |
| Other Expense | $1,417,129 |
| Ending Balance | $5,168,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Regions Hospital Minneapolis, MN | $1,151,249,927 | $936,558,758 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
North Memorial Health Care Robbinsdale, MN | $764,114,547 | $789,881,568 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Munson Medical Center Traverse City, MI | $1,240,001,316 | $752,883,085 |
Edward Hospital Naperville, IL | $472,054,647 | $761,222,693 |
Swedish American Hospital Rockford, IL | $973,707,288 | $637,025,862 |