Marshfield Clinic Health System Inc
- Assets
- $776.3m
- Revenue
- $271.2m
- Investments
- $187.3m
- Employees
- 13,107
- Location
- Marshfield, WI
- Founding
- 03/2014
- Data as of
- 12/2021
- EIN
- 46-1495343
Organization Overview
Marshfield Clinic Health System Inc is located in Marshfield, WI. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Marshfield Clinic Health System Inc employed 13,107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshfield Clinic Health System 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, Marshfield Clinic Health System Inc generated $271.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.8% each year . All expenses for the organization totaled $259.5m during the year ending 12/2021. While expenses have increased by 48.6% 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.
Since 2017, Marshfield Clinic Health System Inc has awarded 95 individual grants totaling $2,135,838. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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
MARSHFIELD CLINIC HEALTH SYSTEM, INC. (MCHS) WAS INCORPORATED IN OCTOBER 2012 AS PART OF A PROSPECTIVE REORGANIZATION OF MARSHFIELD CLINIC AND ITS AFFILIATED ENTITIES INTO AN INTEGRATED HEALTHCARE SYSTEM. THE REORGANIZATION WAS IMPLEMENTED UPON RECEIPT OF AN INTERNAL REVENUE SERVICE (IRS) DETERMINATION LETTER RECOGNIZING MCHS AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) IN 2014. MCHS AS A STANDALONE ENTITY HOUSES CERTAIN ADMINISTRATIVE FUNCTIONS THAT SUPPORT THE SYSTEM AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Turney MD Mchs CEO | Officer | 50 | $2,088,402 |
Gordon Edwards Mchs Cfo/coo | Officer | 50 | $849,211 |
Jerard Jensen Mchs General Counsel | Officer | 50 | $844,246 |
Narayana Murali MD Mchs Chief Strategy Officer | Officer | 50 | $783,446 |
William Melms MD Chief Medical Officer | Officer | 50 | $668,017 |
Jeanne Scinto - Part Year Chief Transformation Officer | Officer | 50 | $498,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locumtenens Com Llc Medical Svcs | 12/30/21 | $3,590,589 |
Atwater Solutions Llc Professional Svcs | 12/30/21 | $3,087,806 |
Chartis Group Llc Professional Svcs | 12/30/21 | $2,148,031 |
Xtend Healthcare Llc Professional Svcs | 12/30/21 | $2,282,592 |
Huron Consulting Group Inc Professional Svcs | 12/30/21 | $3,493,546 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $459,936 |
| Government grants | $521,144 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $981,080 |
| Total Program Service Revenue | $257,235,541 |
| Investment income | $3,696,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,335,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,248,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $551,306 |
| Grants and other assistance to domestic individuals. | $164,623 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,617,328 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,918,845 |
| Pension plan accruals and contributions | $6,355,395 |
| Other employee benefits | $13,204,039 |
| Payroll taxes | $7,636,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000,119 |
| Fees for services: Accounting | $948,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,764,305 |
| Advertising and promotion | $4,984,725 |
| Office expenses | $5,099,231 |
| Information technology | $45,671,274 |
| Royalties | $0 |
| Occupancy | $4,102,470 |
| Travel | $848,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,347 |
| Interest | $421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,500,955 |
| Insurance | $4,769,450 |
| All other expenses | $0 |
| Total functional expenses | $259,529,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,394,558 |
| Savings and temporary cash investments | $260,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,752,308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $29,574,225 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,983,023 |
| Net Land, buildings, and equipment | $78,422,276 |
| Investments—publicly traded securities | $130,973,805 |
| Investments—other securities | $187,311,016 |
| Investments—program-related | $165,534,540 |
| Intangible assets | $0 |
| Other assets | $105,535 |
| Total assets | $776,311,660 |
| Accounts payable and accrued expenses | $138,323,186 |
| Grants payable | $0 |
| Deferred revenue | $93,666 |
| 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 | $59,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $138,476,241 |
| Net assets without donor restrictions | $637,835,419 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $776,311,660 |
Grants Awarded
Over the last fiscal year, Marshfield Clinic Health System Inc has awarded $385,198 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Marshfield, WI PURPOSE: GENERAL SUPPORT | $120,500 |
Marshfield, WI PURPOSE: GENERAL SUPPORT | $42,500 |
Rhinelander, WI PURPOSE: GENERAL SUPPORT | $30,000 |
Wausau, WI PURPOSE: GENERAL SUPPORT | $30,000 |
MOSAIC TELECOM PURPOSE: GENERAL SUPPORT | $30,000 |
Stevens Point, WI PURPOSE: GENERAL SUPPORT | $22,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Marshfield Clinic Health System Inc has recieved totaling $227,060.
| Awarding Organization | Amount |
|---|---|
Frank R Koller Beneficiaries Tr Webster, WI PURPOSE: OPERATIONS | $130,052 |
Betty J Koller Beneficiaries Tr Webster, WI PURPOSE: OPERATIONS | $97,008 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Osf Multi-Specialty Group Peoria, IL | $230,437,744 | $421,093,867 |
Wisconsin Counties Association Group Health Tr Madison, WI | $102,064,731 | $291,341,606 |
Marshfield Clinic Health System Inc Marshfield, WI | $776,311,660 | $271,248,573 |
Essentia Health Duluth, MN | $613,077,249 | $232,654,548 |
Loyola University Health System Maywood, IL | $1,911,286,302 | $174,709,964 |
Northshore University Healthsystem Faculty Practice Associates Evanston, IL | $344,765,338 | $178,421,264 |
University Physician Group Detroit, MI | $80,036,022 | $144,162,701 |
Edward Health Ventures Naperville, IL | $136,057,032 | $72,129,789 |
Sinai Health System Chicago, IL | $281,453,478 | $93,419,606 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
Teamsters Local 346 Health Fund Trust Bloomington, MN | $55,790,921 | $66,782,892 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |