THE MONROE CLINIC INC

EIN: 390808509 501(c)(3) Health Care

MONROE, WI

Total Revenue
$219,503,410
Total Expenses
$208,370,002
Total Assets
$301,884,357
Net Assets
$260,421,601
🔒

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
1963
Legal Domicile
WI
Principal Officer
JANE CURRAN-MEULI
Phone
6083242000
Tax Period
2023-01-01 to 2023-12-31

THE MONROE CLINIC INC, founded in 1963, is a major nonprofit in the Health Care sector that reported $219.5M in total revenue in fiscal year 2023. Expenses of $208.4M left a modest 5% surplus.

Mission

WORKING TOGETHER TO ACHIEVE THE HIGHEST STANDARDS IN HEALTHCARE, WE CREATE HEALTHY COMMUNITIES THROUGH GOD'S HEALING SPIRIT. VISION: EXCEPTIONAL HEALTHCARE, AN EXCEPTIONAL EXPERIENCE.

Program Service Accomplishments

Program 1
Expenses: $193,117,132 Revenue: $207,949,000

SINCE IT WAS FOUNDED IN 1872 BY CATHOLIC SISTERS, SSM HEALTH (SSMH) HAS EXISTED TO MEET THE HEALTH NEEDS OF THE COMMUNITIES IT SERVES. SSMH IS A CATHOLIC, NOT-FOR-PROFIT HEALTH SYSTEM SERVING THE...

Read more

SINCE IT WAS FOUNDED IN 1872 BY CATHOLIC SISTERS, SSM HEALTH (SSMH) HAS EXISTED TO MEET THE HEALTH NEEDS OF THE COMMUNITIES IT SERVES. SSMH IS A CATHOLIC, NOT-FOR-PROFIT HEALTH SYSTEM SERVING THE COMPREHENSIVE HEALTH NEEDS OF COMMUNITIES ACROSS THE MIDWEST THROUGH ONE OF THE LARGEST INTEGRATED DELIVERY SYSTEMS IN THE NATION. WITH CARE DELIVERY SITES IN ILLINOIS, MISSOURI, OKLAHOMA, AND WISCONSIN, SSMH INCLUDES 23 ACUTE CARE HOSPITALS, ONE CHILDREN'S HOSPITAL, MORE THAN 650 PHYSICIAN OFFICES AND OTHER OUTPATIENT AND VIRTUAL CARE SERVICES, 12 POST-ACUTE FACILITIES, COMPREHENSIVE HOME CARE AND HOSPICE SERVICES, A PHARMACY BENEFIT COMPANY, AND AN ACCOUNTABLE CARE ORGANIZATION. THE HEALTH SYSTEM EMPLOYS NEARLY 40,000 PEOPLE AND IS AFFILIATED WITH 13,900 PHYSICIANS MAKING IT ONE OF THE LARGEST EMPLOYERS IN EVERY COMMUNITY IT SERVES. IN THE TRADITION OF ITS FOUNDING SISTERS, SSMH STRIVES TO FULFILL ITS MISSION BY PROVIDING EXCEPTIONAL HEALTH CARE TO EVERYONE WHO COMES TO ITS HOSPITALS, REGARDLESS OF THEIR ABILITY TO PAY. ABOUT MONROE CLINIC:MONROE CLINIC IS A NOT-FOR-PROFIT HEALTH CARE FACILITY FEATURING A MULTI-SPECIALTY CLINIC AND HOSPITAL DEDICATED TO BRINGING THE BEST CARE TO THE COMMUNITIES WE SERVE. WORKING TOGETHER TO ACHIEVE THE HIGHEST STANDARDS OF HEALTH CARE, WE CREATE HEALTHY COMMUNITIES THROUGH GOD'S HEALING SPIRIT.IN 2018, MONROE CLINIC JOINED THE INTEGRATED HEALTH CARE SYSTEM KNOWN AS SSM HEALTH AND CONTINUES TO OFFER COMPREHENSIVE HEALTH CARE WITH OVER 120 PROVIDERS, A 24-HOUR EMERGENCY DEPARTMENT, HOME CARE AND HOSPICE SERVICES, AS WELL AS MULTIPLE CLINIC LOCATIONS IN SOUTHERN WISCONSIN AND NORTHERN ILLINOIS. IN ALL THAT WE DO, WE ARE DEDICATED TO HELPING OUR PATIENTS GET BETTER FASTER AND STAY HEALTHIER LONGER. AS A STATE-OF-THE-ART HEALTH SYSTEM, WE OFFER ADVANCED MEDICAL EQUIPMENT AND TECHNOLOGY COMBINED WITH CARE AND SENSITIVITY. PHYSICIANS AND STAFF ARE COMMITTED TO PROVIDING PERSONALIZED HEALTH CARE, EDUCATION AND PEACE OF MIND. OUR PATIENTS BENEFIT FROM EXCEPTIONAL PREVENTIVE AND REHABILITATION SERVICES AND MORE THAN 25 MEDICAL SPECIALTIES. WITH GOD'S BLESSING, MONROE CLINIC IS ABLE TO MEET THE NEEDS OF THOSE WE ARE PRIVILEGED TO SERVE.TO DATE WE HAVE BEEN AMONG THE HIGHEST PERFORMING HOSPITALS IN THE AREA. PATIENT SATISFACTION SCORES ARE SIGNIFICANTLY ABOVE THE AVERAGE OF OTHER HEALTHCARE FACILITIES. OUR HIGHLY TRAINED PHYSICIANS AND STAFF ARE READY TO PROVIDE BOTH EXCEPTIONAL HEALTHCARE AND AN EXCEPTIONAL EXPERIENCE TO THE PATIENTS AND COMMUNITIES WE SERVE. THE MONROE CLINIC FURTHERS ITS EXEMPT PURPOSE WITH THE FOLLOWING ACTIVITIES: - OPERATES AN EMERGENCY ROOM THAT IS OPEN TO ALL PERSONS REGARDLESS OF ABILITY TO PAY,- HAS AN OPEN MEDICAL STAFF WITH PRIVILEGES AVAILABLE TO ALL QUALIFIED PHYSICIANS IN THE AREA,- HAS A GOVERNING BODY IN WHICH INDEPENDENT PERSONS REPRESENTATIVE OF THE COMMUNITY COMPRISE A MAJORITY- ENGAGES IN THE TRAINING AND EDUCATION OF HEALTH CARE PROFESSIONALS,- PARTICIPATES IN MEDICAID, MEDICARE, CHAMPUS, TRICARE, AND/OR OTHER GOVERNMENT-SPONSORED HEALTH CARE PROGRAMS- ALL SURPLUS FUNDS GENERATED BY SSMH ENTITIES ARE REINVESTED IN IMPROVING OUR PATIENT CARE DELIVERY SYSTEM.QUANTIFIABLE UNCOMPENSATED CARE:THE FOLLOWING IS A LIST OF THE TYPES OF PROGRAMS AND SERVICES THAT COULD BE INCLUDED AS UNCOMPENSATED CARE:TRADITIONAL CHARITY CARE $ 1,465,623 UNPAID COST OF MEDICAID $ 19,357,298 OTHER MEANS-TESTED PROGRAMS $ 246,949TOTAL QUANTIFIABLE UNCOMPENSATED CARE $ 21,069,870

🔒

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 $428,857
Program Service Revenue $209,989,012
Investment Income $5,907,186
Other Revenue $3,178,355
TOTAL REVENUE $219,503,410

Expense Breakdown

Grants Paid $319,804
Salaries & Benefits $111,525,411
Fundraising Expenses $0
Program Expenses $193,117,132
Other Expenses $96,524,787
TOTAL EXPENSES $208,370,002

Year-over-Year Comparison

2023 2022 Change
Revenue $219,503,410 $206,504,084 +0.1%
Expenses $208,370,002 $203,695,768 +0.0%
Net Income $11,133,408 $2,808,316 +3.0%
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
12
Independent Members
9
Employees
1215
Volunteers
178

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
10
$12,348,315
Total Directors
25
$6,287,583
Key Employees
2
$665,913
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE ANDERSON DIRECTOR, REGIONAL PRESIDENT - WISCONSIN 1.00
Officer Director
$0 $540,322 $1,969,236
JAMES BERBERET PT YR DIRECTOR 1.00
Director
$0 $0 $0
RHEA EMMER DIRECTOR 1.00
Director
$0 $0 $0
PATTY JAMES PT YR DIRECTOR 1.00
Director
$0 $0 $0
PAT LEITZEN FYE DIRECTOR, PT YR CHAIRPERSON 1.00
Officer Director
$0 $0 $0
PENG HER DIRECTOR 1.00
Director
$0 $0 $0
MARK HOLZMAN DIRECTOR 1.00
Director
$0 $0 $0
JOAN KARSTEN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER MASKEL DIRECTOR, PHYSICIAN 1.00
Director
$0 $14,024 $156,819
WAYNE MATZKE DIRECTOR, VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JANE CURRAN-MEULI PT YR DIRECTOR, PRESIDENT - MONROE CLINIC 40.00
Officer Director
$552,926 $201,977 $754,903
THEODORE MILLER DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA MORRISON PT YR DIRECTOR, PHYSICIAN 40.00
Director
$719,832 $60,874 $780,706
OLIVIA OTTE DIRECTOR 1.00
Director
$0 $0 $0
DARREN PIPP PT YR DIRECTOR, VP MEDICAL AFFAIRS 40.00
Director
$493,379 $133,862 $627,241
MATTHEW POGODZINSKI DIRECTOR, PHYSICIAN 1.00
Director
$0 $62,067 $817,434
SISTER SUSAN STUCKI PT YR DIRECTOR 1.00
Director
$0 $0 $0
WESLEY SPARKMAN DIRECTOR, CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARK THOMPSON PT YR DIRECTOR, REGIONAL PRESIDENT-MEDICAL GROUPS- 1.00
Director
$0 $12,674 $50,072
SUNIL PENESETTI PT YR DIRECTOR, PHYSICIAN 40.00
Director
$1,098,546 $32,626 $1,131,172
CRAIG HOESLY PT YR DIRECTOR, VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
SISTER DONNA INNES PT YR DIRECTOR 1.00
Director
$0 $0 $0
JOHN KING PT YR DIRECTOR 1.00
Director
$0 $0 $0
JUDY THOMPSON PT YR DIRECTOR 1.00
Director
$0 $0 $0
SISTER JOMARIE ZIELKE PT YR DIRECTOR 1.00
Director
$0 $0 $0
STEVE SMOOT VICE PRESIDENT, COO OF SSM HEALTH 1.00
Officer
$0 $1,204,489 $3,258,847
RANDY COMBS TREASURER, CFO AT SSM HEALTH 1.00
Officer
$0 $1,238,074 $3,420,428
DOUGLAS LONG SECRETARY, GENERAL COUNSEL AT SSM HEALTH 1.00
Officer
$0 $777,013 $2,202,252
THOMAS KIRSCHBAUM ASSISTANT SECRETARY 1.00
Officer
$0 $210,384 $742,649
CHELSEA HARDACRE VP PATIENT CARE SERVICES, CNO 40.00
Key Emp
$227,050 $78,652 $305,702
STEVE BREWER VP OPERATIONS 40.00
Key Emp
$267,561 $92,650 $360,211
NICHOLAS MAXWELL PHYSICIAN 40.00
Highest
$834,901 $90,374 $925,275
ARIF AHMAD PHYSICIAN 40.00
Highest
$824,901 $71,096 $895,997
JONATHAN SWINDLE PHYSICIAN 40.00
Highest
$811,020 $53,180 $864,200
GURMEET SINGH PHYSICIAN 40.00
Highest
$805,397 $61,958 $867,355
MICHAEL NETZEL PHYSICIAN 40.00
Highest
$740,105 $66,631 $806,736
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 $219,503,410 $208,370,002 $301,884,357 $11,133,408
2022 $206,504,084 $203,695,768 $323,716,950 $2,808,316
2021 $215,841,279 $199,442,934 $409,600,640 $16,398,345
2020 $192,194,935 $184,090,289 $368,180,054 $8,104,646
2019 $196,142,701 $178,567,142 $341,623,775 $17,575,559
2018 $190,079,144 $175,021,509 $290,834,327 $15,057,635
Explore More Nonprofits
Top 100 Nonprofits in Wisconsin Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE MONROE CLINIC INC with other nonprofits in Wisconsin and across the country.