THE MONROE CLINIC INC (EIN 390808509) - 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

1963

Legal Domicile

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

THE MONROE CLINIC, INC. PROVIDES HEALTHCARE SERVICES TO THE COMMUNITIES IN AND SURROUNDING GREEN COUNTY, WI AND STEPHENSON COUNTY, IL. MEDICAL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S ABILITY TO PAY.

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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 $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

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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

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

$12,348,315

Total Directors

$6,287,583

Key Employees

$665,913

Highest Compensated

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

THE MONROE CLINIC INC