ASHLAND, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEMORIAL MEDICAL CENTER INC, founded in 1968, is a major nonprofit in the Health Care sector that reported $186.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $169.3M left a modest 9% surplus.
MEMORIAL MEDICAL CENTER, INC. DBA TAMARACK HEALTH ASHLAND MEDICAL CENTER WILL REACH OUT AS A TRUSTED PARTNER TO IMPROVE THE HEALTH AND WELLNESS FOR PEOPLE OF OUR SOUTH SHORE REGION OF LAKE SUPERIOR.
MEMORIAL MEDICAL CENTER, INC. DBA TAMARACK HEALTH ASHLAND MEDICAL CENTER (AMC) IS A CRITICAL ACCESS HOSPITAL WITH OVER 60 FULL-TIME PHYSICIANS ON STAFF AND OVER 740 EMPLOYEES. LOCATED IN THE CITY OF...
MEMORIAL MEDICAL CENTER, INC. DBA TAMARACK HEALTH ASHLAND MEDICAL CENTER (AMC) IS A CRITICAL ACCESS HOSPITAL WITH OVER 60 FULL-TIME PHYSICIANS ON STAFF AND OVER 740 EMPLOYEES. LOCATED IN THE CITY OF ASHLAND, AMC SERVES AS A REGIONAL MEDICAL REFERRAL CENTER FOR PATIENTS FROM SEVEN NORTHWESTERN WISCONSIN COUNTIES AND THE NEIGHBORING GOGEBIC COUNTY OF MICHIGAN.AMC OFFERS INPATIENT AND OUTPATIENT SERVICES INCLUDING:MEDICAL-SURGICAL; INTENSIVE CARE; OBSTETRICS INCLUDING LABOR, DELIVERY, POSTPARTUM AND RECOVERY (LDPR) SUITES; BEHAVIORAL HEALTH; AND 24-HOUR EMERGENCY CARE.INPATIENT AND OUTPATIENT SURGERIES INCLUDE: ORTHOPEDIC, UROLOGY, OPHTHALMOLOGY, ENT, PODIATRY, GASTROENTEROLOGY, AND OB/GYN IN ADDITION TO GENERAL SURGERY. SUPPORT DIAGNOSTIC SERVICES INCLUDE: LABORATORY; RADIOLOGY WITH MRI, CT AND DIAGNOSTIC ULTRASOUND; PAIN MANAGEMENT; NUTRITIONAL SERVICES; PHARMACY; ENDOSCOPY SUITES AND A SLEEP DISORDER CENTER. REHABILITATION SERVICES INCLUDE: CARDIAC REHABILITATION AND CARDIOPULMONARY REHABILITATION; PHYSICAL THERAPY AND SPORTS MEDICINE. PRIMARY CARE SERVICES WERE ALSO ADDED IN 2024, ALONG WITH DERMATOLOGY IN 2025.LIFELINE EMERGENCY RESPONSE SYSTEM, HOSPICE SERVICES AND SOCIAL SERVICES ARE ALSO AVAILABLE WITHIN AMC. AN ADDITIONAL BUILDING ON THE AMC CAMPUS HOUSES THE BEHAVIORAL HEALTH SERVICES PROVIDING INPATIENT AND OUTPATIENT AODA AND MENTAL HEALTH CARE AND THERAPIES.AMC OPENED AS A PRIVATE, NOT-FOR-PROFIT HOSPITAL IN 1972, COMBINING THE SERVICES PREVIOUSLY PROVIDED BY TRINITY HOSPITAL AND ASHLAND COMMUNITY HOSPITAL, BOTH LOCATED IN ASHLAND. AMC IS THE ONLY HOSPITAL LOCATED IN ASHLAND, BAYFIELD AND IRON COUNTIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $186,095,138 | $164,717,340 | +0.1% |
| Expenses | $169,317,478 | $154,037,519 | +0.1% |
| Net Income | $16,777,660 | $10,679,821 | +0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LUKE BEIRL | INTERIM PRES/CEO - MMC/CEO - MSI | 3.00 |
Officer
Director
|
$0 | $70,546 | $651,787 |
| JOSEPH SIGNORELLI MD | DIRECTOR | 25.00 |
Director
|
$512,950 | $59,012 | $571,962 |
| SABRINA DUNLAP MD | DIRECTOR | 1.00 |
Director
|
$0 | $60,975 | $401,980 |
| MATTHEW ANICH | BOARD MEMBER (THRU 7/31/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS CUNNINGHAM MD | BOARD MEMBER (THRU 7/31/25) | 1.00 |
Director
|
$2,261 | $0 | $2,261 |
| KYLAH ECKES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN HANSEN | BOARD MEMBER (THRU 7/31/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT HOULE | BOARD MEMBER (THRU 7/31/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS JOKINEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANI MIKULA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TAYLOR PEARSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA SCHRAUFNAGEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD SETZKE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN SMYLIE | BOARD MEMBER (THRU 7/31/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| AISTIS TUMAS MD | BOARD MEMBER (THRU 7/31/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| PEGGY VAN HOLLEN-KMAN | BOARD MEMBER (THRU 7/31/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| TYLER WICKMAN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN GARRETT | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICH HOBAN | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTINE IVERSON | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KENT DUMONSEAU | VICE PRESIDENT/CFO- REI | 1.00 |
Officer
|
$0 | $58,699 | $534,130 |
| JESSICA NUUTINEN | CHIEF OPERATING OFFICER (THRU 1/2/25) | 40.00 |
Key Emp
|
$357,629 | $50,285 | $407,914 |
| JUSTIN CUMMINS | PHYSICIAN | 40.00 |
Highest
|
$1,403,447 | $57,463 | $1,460,910 |
| JOHN WATKINS | PHYSICIAN (THRU 5/30/25) | 36.00 |
Highest
|
$1,000,597 | $57,072 | $1,057,669 |
| SAM KUCHINKA | PHYSICIAN | 40.00 |
Highest
|
$707,115 | $58,592 | $765,707 |
| MATTHEW BETTENDORF | PHYSICIAN | 32.00 |
Highest
|
$658,374 | $60,272 | $718,646 |
| MARK SNEED | PHYSICIAN | 40.00 |
Highest
|
$662,319 | $52,801 | $715,120 |
| JASON DOUGLAS | FORMER PRESIDENT (DIR. & OFFICER) | 0.00 |
|
$1,228,098 | $55,866 | $1,283,964 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $186,095,138 | $169,317,478 | $292,428,613 | $16,777,660 |
| 2024 | $164,717,340 | $154,037,519 | $274,488,709 | $10,679,821 |
| 2023 | $155,117,035 | $142,405,477 | $250,093,039 | $12,711,558 |
| 2022 | $147,949,211 | $130,199,652 | $223,847,463 | $17,749,559 |
| 2021 | $133,428,773 | $116,367,756 | $231,947,823 | $17,061,017 |
| 2020 | $111,327,895 | $101,628,511 | $199,460,507 | $9,699,384 |
| 2019 | $104,882,429 | $96,422,587 | $156,143,535 | $8,459,842 |
| 2018 | $87,301,957 | $78,362,817 | $148,252,124 | $8,939,140 |
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