MARSHFIELD CLINIC INC (EIN 390452970) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1916

Legal Domicile

Principal Officer

ALPA SHAH MD

Phone

7153875511

Tax Period

2023-01-01 to 2023-12-31

MARSHFIELD CLINIC INC, founded in 1916, is a major nonprofit in the Health Care sector that reported $633.6M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

WE ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $38,600,784

Program Service Revenue $582,938,276

Investment Income $12,035,563

Other Revenue $13,503

TOTAL REVENUE $633,588,126

Expense Breakdown

Grants Paid $691,520

Salaries & Benefits $358,306,664

Fundraising Expenses $0

Program Expenses $608,216,420

Other Expenses $259,276,145

TOTAL EXPENSES $618,274,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$633,588,126	$670,043,868	-0.1%
Expenses	$618,274,329	$674,567,180	-0.1%
Net Income	$15,313,797	$-4,523,312	-4.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

N/A

Employees

1408

Volunteers

400

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$8,966,908

Total Directors

$8,460,840

Key Employees

$3,517,411

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALPA SHAH MD	CHAIR	38.00	Officer Director	$294,888	$10,485	$305,373
EDWARD FERNANDEZ MD	VICE CHAIR - PART YEAR	53.00	Officer Director	$536,206	$43,230	$579,436
ELVIS PETER MD	VICE CHAIR	53.00	Officer Director	$855,841	$46,401	$902,242
KENT RAY DO	SECRETARY	53.00	Officer Director	$395,418	$48,610	$444,028
JOHN NEAL MD	TREASURER - PART YEAR	52.00	Officer Director	$518,663	$49,488	$568,151
MATTHEW THOMAS MD	TREASURER	52.00	Officer Director	$863,924	$42,049	$905,973
TYLER DAHL MD	BOARD MEMBER	52.00	Director	$908,550	$40,730	$949,280
MATTHEW OELSTROM MD	BOARD MEMBER	52.00	Director	$441,175	$38,014	$479,189
JAYANTH VEDRE MD	BOARD MEMBER	52.00	Director	$678,686	$28,536	$707,222
BART ISAACSON MD	BOARD MEMBER	52.00	Director	$287,416	$33,958	$321,374
BARBARA BOYER MD	BOARD MEMBER	52.00	Director	$415,567	$44,927	$460,494
DAVID JUNKER MD	BOARD MEMBER	52.00	Director	$833,402	$51,188	$884,590
PATRICK WOLF DO	BOARD MEMBER	52.00	Director	$343,977	$39,691	$383,668
SUMITHRA TIRUNAGARAM MD	BOARD MEMBER - PART YEAR	52.00	Director	$526,562	$43,258	$569,820
SUSAN TURNEY MD	MCHS CEO - PART YEAR	1.00	Officer	$0	$382,007	$3,507,040
BRIAN HOERNEMAN MD	INTERIM MCHS CEO	1.00	Officer	$0	$40,127	$888,868
CATHY BUKOWSKI	MCHS CFO - PART YEAR	1.00	Officer	$0	$23,393	$749,233
JEANETTE WOJTALEWICZ	INTERIM MCHS CFO	1.00	Officer	$0	$0	$116,564
WILLIAM MELMS MD	CHIEF MEDICAL OFFICER - PART YEAR	1.00	Key Emp	$0	$21,091	$1,074,914
SAMANTHA KLEBE DO	CHIEF MEDICAL OFFICER	1.00	Key Emp	$0	$29,993	$545,008
KATHY BRESSLER	MCHS COO	1.00	Key Emp	$0	$28,816	$868,673
JERARD JENSEN	MCHS GENERAL COUNSEL	1.00	Key Emp	$0	$44,933	$1,028,816
VIVEKANANDA GONUGUNTA MD	PHYSICIAN	50.00	Highest	$2,039,667	$12,105	$2,051,772
WILLIAM MCCORMICK MD	PHYSICIAN	50.00	Highest	$1,204,382	$46,171	$1,250,553
ADEDAYO ONITILO MD	PHYSICIAN	50.00	Highest	$1,777,779	$40,127	$1,817,906
ALICE LE HUU MD	PHYSICIAN	50.00	Highest	$1,337,228	$29,518	$1,366,746
MOHAMMAD ALAOUA MD	PHYSICIAN	50.00	Highest	$1,368,629	$46,677	$1,415,306

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$633,588,126	$618,274,329	$800,024,445	$15,313,797
2022	$670,043,868	$674,567,180	$840,083,001	$-4,523,312
2021	$675,856,824	$841,928,671	$877,540,741	$-166,071,847
2020	$223,042,615	$227,641,703	$1,042,591,447	$-4,599,088
2020	$852,264,236	$918,208,647	$1,051,547,723	$-65,944,411
2019	$922,233,071	$1,005,605,152	$852,121,851	$-83,372,081
2018	$1,069,967,923	$1,125,264,488	$964,229,849	$-55,296,565

MARSHFIELD CLINIC INC