VERNON MEMORIAL HEALTHCARE INC

EIN: 390806404 501(c)(3) Health Care

VIROQUA, WI

Total Revenue
$94,983,582
Total Expenses
$88,715,838
Total Assets
$135,582,722
Net Assets
$114,638,613
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
WI
Principal Officer
DAVID HARTBERG
Phone
6086372101
Tax Period
2023-10-01 to 2024-09-30

VERNON MEMORIAL HEALTHCARE INC, founded in 1946, is a mid-sized nonprofit in the Health Care sector that reported $95.0M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $88.7M left a modest 7% surplus.

Mission

TO INSPIRE PATIENT-CENTERED, COMPASSIONATE CARE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $61,266,104 Revenue: $83,113,659

VERNON MEMORIAL HEALTHCARE ("VMH") OPERATES A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN VIROQUA, WISCONSIN, FOUR PROVIDER-BASED RURAL HEALTH CLINICS (VIROQUA, LA FARGE, SOLDIERS GROVE, AND WESTBY)...

Read more

VERNON MEMORIAL HEALTHCARE ("VMH") OPERATES A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN VIROQUA, WISCONSIN, FOUR PROVIDER-BASED RURAL HEALTH CLINICS (VIROQUA, LA FARGE, SOLDIERS GROVE, AND WESTBY), AND TWO RETAIL PHARMACY LOCATIONS. VMH MAINTAINS A CLEAR AND CONSISTENT COMMITMENT TO ITS CHARITABLE PURPOSE THROUGH THE PROVISION OF HEALTH AND WELLNESS SERVICES TO THE COMMUNITIES SERVED WITHOUT REGARD TO AGE, RACE, GENDER, CREED, NATIONAL ORIGINAL, ABILITY TO PAY, AND PHYSICAL OR MENTAL HANDICAP. VMH'S DEDICATED WORKFORCE EXEMPLIFIES SERVICE IN ALIGNMENT WITH ORGANIZATIONAL VALUE STATEMENTS: GREAT EXPERIENCES. RESPECTING EVERYONE. EXCELLENCE IN EVERYTHING WE DO. ALWAYS A HELPFUL ATTITUDE. TAKING CARE OF ONE ANOTHER.IN RESPONSE TO THE NEEDS OF THE COMMUNITIES SERVED, VMH IS PROUD TO PROVIDE HIGH QUALITY INPATIENT ACUTE CARE FOR MEDICAL, SURGICAL, OBSTETRICAL, AND NEWBORN SERVICE NEEDS. VMH FURTHER SUPPORTS THE NEEDS OF ITS PATIENTS BY OFFERING ACCESS TO SWING BED (SKILLED) NURSING CARE. WITH A CONSTANT FOCUS ON QUALITY AND PATIENT SAFETY, VMH OFFERS OUTPATIENT AND ANCILLARY HEALTHCARE SERVICES INCLUDING 24-HOUR EMERGENCY SERVICES, SURGICAL SERVICES, LABORATORY, X-RAY, ULTRASOUND, CT SCANS, MRI, MAMMOGRAPHY, CARDIAC REHABILITATION, INFUSION AND GASTROINTESTINAL SERVICES, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, AND NUTRITIONAL THERAPY INCLUDING DIABETIC EDUCATION. PATIENTS SERVED BY THE HOSPITAL IN FISCAL 2024 INCLUDED 2,129 ADULT AND PEDIATRIC INPATIENT DAYS AND 121 NEWBORN DELIVERIES. THERE WAS A TOTAL OF 1,965 SURGERY CASES (INPATIENT AND OUTPATIENT COMBINED) AND THERE WERE 97,419 TOTAL OUTPATIENT VISITS. THE VMH EMERGENCY ROOM PROVIDED IMMEDIATE ACCESS TO CARE IN RESPONSE TO 8,491 EMERGENCY ROOM VISITS.AS A PART OF VMH'S MISSION, AND IN KEEPING WITH ITS STATUS AS A NOT-FOR-PROFIT HEALTHCARE ORGANIZATION, VMH HAS ESTABLISHED A PATIENT FINANCIAL ASSISTANCE POLICY THAT SETS FORWARD THE CRITERIA BY WHICH A PATIENT MAY QUALIFY TO RECEIVE CARE AT AMOUNTS LESS THAN THE ESTABLISHED RATES; TO RECEIVE CHARITY CARE. VMH MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE PROVIDED, THE TOTAL HEALTHCARE SERVICES PROVIDED TO PATIENTS UNDER THIS POLICY ARE MEASURED IN BOTH TOTAL CHARGES AND AT THE ESTIMATED COST OF PROVIDING CARE TO PATIENTS WITH BOTH FIGURES REPORTED AND AVAILABLE BY REFERRING TO SCHEDULE H IN ADDITION, VMH IS A PROVIDER UNDER THE WISCONSIN MEDICAID PROGRAM. UNDER THE PROGRAM, VMH IS LEGALLY BOUND TO ACCEPT THE AMOUNT DETERMINED BY THE STATE OF WISCONSIN AS PAYMENT IN FULL FOR EACH PATIENT'S CHARGES EVEN THOUGH REIMBURSEMENT IS LESS THAN THE COST TO PROVIDE THE CARE, THEREFORE, SERVICE TO PATIENTS UNDER THIS PROGRAM SHOULD ALSO BE CONSIDERED PART OF THE ORGANIZATION'S BENEFIT PROVIDED TO THE COMMUNITY. (FOR ADDITIONAL INFORMATION ON VMH'S CHARITY CARE AND/OR THE COST OF PARTICIPATION IN THE WISCONSIN MEDICAID PROGRAM, PLEASE REFER TO SCHEDULE H OF FORM 990.) IN ADDITION, VMH ENGAGES IN A VARIETY OF COMMUNITY BENEFIT ACTIVITIES, PROVIDING A CRITICALLY IMPORTANT COMMUNITY BENEFIT THAT WOULD NOT OTHERWISE BE AVAILABLE IN THE COMMUNITIES SERVED WITHOUT THE EFFORTS AND SPECIALIZED KNOWLEDGE OF THE LOCAL HEALTHCARE TEAM.

Program 2
Expenses: $14,839,677 Revenue: $9,067,811

VERNON MEMORIAL HEALTHCARE, INC. OPERATES FOUR RURAL HEALTH CLINICS LOCATED IN VIROQUA, LAFARGE, SOLDIERS GROVE, AND WESTBY. TOGETHER, THESE CLINICS STRIVE TO MEET THE HEALTHCARE NEEDS OF PATIENTS...

Read more

VERNON MEMORIAL HEALTHCARE, INC. OPERATES FOUR RURAL HEALTH CLINICS LOCATED IN VIROQUA, LAFARGE, SOLDIERS GROVE, AND WESTBY. TOGETHER, THESE CLINICS STRIVE TO MEET THE HEALTHCARE NEEDS OF PATIENTS AND FAMILIES WHO LIVE AND WORK IN THE COMMUNITIES THEY SERVE. A TOTAL OF 37,176 RURAL HEALTH CLINIC VISITS OCCURRED IN FISCAL YEAR 2024. THE CLINICS ARE DESIGNATED AS RURAL HEALTH CLINICS BY THE MEDICARE AND MEDICAID PROGRAMS AND, BY DEFINITION OF THE REQUIREMENTS FOR THAT DESIGNATION, ARE LOCATED IN RURAL OR UNDERSERVED AREAS OF THE COUNTRY. THESE CLINICS PROVIDE CARE TO A LARGE PORTION OF MEDICARE AND MEDICAID BENEFICIARIES WHO, WITHOUT ACCESS TO CARE LOCALLY, WOULD BE REQUIRED TO TRAVEL FARTHER DISTANCES FOR QUALITY HEALTHCARE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $169,700
Program Service Revenue $92,181,470
Investment Income $2,093,518
Other Revenue $538,894
TOTAL REVENUE $94,983,582

Expense Breakdown

Grants Paid $66,594
Salaries & Benefits $45,965,427
Fundraising Expenses $0
Program Expenses $76,105,781
Other Expenses $42,683,817
TOTAL EXPENSES $88,715,838

Year-over-Year Comparison

2023 2022 Change
Revenue $94,983,582 $87,829,796 +0.1%
Expenses $88,715,838 $82,056,626 +0.1%
Net Income $6,267,744 $5,773,170 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
554
Volunteers
72

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
$1,239,954
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM WESTON CHAIR 1.00
Officer Director
$0 $0 $0
PETER HUGHES VICE CHAIR 1.00
Officer Director
$0 $0 $0
PAUL LARSEN TREASURER 1.00
Officer Director
$0 $0 $0
VICKI ANDERSON SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELLE ENGH MEMBER 1.00
Director
$0 $0 $0
STACY KRING MEMBER 1.00
Director
$0 $0 $0
STEVE MICHAELS MEMBER 1.00
Director
$0 $0 $0
DORI MICKELSON THRU 122023 MEMBER 1.00
Director
$0 $0 $0
JOAN PETERSON MEMBER 1.00
Director
$0 $0 $0
KIMBERLY TURNMIRE MEMBER 1.00
Director
$0 $0 $0
JAY VOSSETEIG MEMBER 1.00
Director
$0 $0 $0
PAUL WOODWARD MEMBER 1.00
Director
$0 $0 $0
ROBERT LOVEJOY COO 40.00
Officer
$218,102 $27,958 $246,060
KRISTY WILTROUT CNO (THRU 08/2024) 40.00
Officer
$238,496 $29,957 $268,453
SCOTT LECKEY CFO 40.00
Officer
$269,889 $21,061 $290,950
DAVID HARTBERG CEO 40.00
Officer
$403,680 $30,811 $434,491
DEBORAH PRIOR ER PHYSICIAN 30.00
Highest
$373,937 $34,401 $408,338
JEFFREY SCHEIDT CRNA 40.00
Highest
$415,824 $43,977 $459,801
JOANN FOUTS ER PHYSICIAN 40.00
Highest
$345,833 $35,781 $381,614
DAVID CHAKOIAN ER PHYSICIAN 40.00
Highest
$317,027 $33,140 $350,167
BRIAN MILLER CRNA 30.00
Highest
$409,565 $40,573 $450,138
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 $94,983,582 $88,715,838 $135,582,722 $6,267,744
2023 $87,829,796 $82,056,626 $122,283,417 $5,773,170
2022 $83,308,811 $74,891,041 $118,795,661 $8,417,770
2021 $82,980,010 $73,180,354 $121,939,170 $9,799,656
2020 $80,206,518 $72,720,633 $109,351,678 $7,485,885
2019 $80,670,091 $78,513,883 $101,363,359 $2,156,208
2018 $77,523,500 $81,043,836 $101,829,663 $-3,520,336
Explore More Nonprofits
Top 100 Nonprofits in Wisconsin Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare VERNON MEMORIAL HEALTHCARE INC with other nonprofits in Wisconsin and across the country.