MEMORIAL HOSPITAL OF BOSCOBEL

EIN: 390845590 501(c)(3) Health Care

BOSCOBEL, WI

Total Revenue
$35,650,305
Total Expenses
$31,377,629
Total Assets
$41,476,573
Net Assets
$37,948,193
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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
WI
Principal Officer
JENNIFER BOIGENZAHN
Phone
6083754112
Tax Period
2023-10-01 to 2024-09-30

MEMORIAL HOSPITAL OF BOSCOBEL, founded in 1952, is a mid-sized nonprofit in the Health Care sector that reported $35.7M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $31.4M left a modest 12% surplus.

Mission

LEADING WITH LOVE, WE COURAGEOUSLY COMMIT TO A FUTURE OF HEALTHY PEOPLE AND THRIVING COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $19,427,888 Revenue: $28,592,185

GUNDERSEN BOSCOBEL AREA HOSPITAL AND CLINICS ("THE ORGANIZATION") PROVIDES INPATIENT, OUTPATIENT, EMERGENCY HEALTH CARE SERVICES AND OTHER FINANCIAL SUPPORT THROUGH VARIOUS PROGRAMS THAT ARE...

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GUNDERSEN BOSCOBEL AREA HOSPITAL AND CLINICS ("THE ORGANIZATION") PROVIDES INPATIENT, OUTPATIENT, EMERGENCY HEALTH CARE SERVICES AND OTHER FINANCIAL SUPPORT THROUGH VARIOUS PROGRAMS THAT ARE DESIGNED, AMONG OTHER MATTERS, TO ENHANCE THE HEALTH OF THE COMMUNITY INCLUDING THE HEALTH OF LOW-INCOME PATIENTS. SERVICES PROVIDED TO PATIENTS INCLUDE COLONOSCOPIES, LAPAROSCOPIC SURGERIES, AND KNEE REPLACEMENTS, AMONG OTHERS. THE ORGANIZATION IS AFFILIATED WITH GUNDERSEN HEALTH SYSTEM. THIS AFFILIATION PROVIDES LOCAL SERVICES IN CARDIOLOGY, NEUROLOGY, PODIATRY, DERMATOLOGY, UROLOGY, AND VASCULAR MEDICINE AS WELL AS MANY OTHER SERVICES. CONSISTENT WITH THE MISSION OF THE ORGANIZATION, CARE IS PROVIDED TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY, INCLUDING PROVIDING SERVICES TO THOSE PERSONS WHO ARE EITHER UNDERINSURED OR WHO CANNOT AFFORD HEALTH INSURANCE BECAUSE OF INADEQUATE RESOURCES. HEALTH CARE SERVICES TO PATIENTS UNDER GOVERNMENT PROGRAMS, SUCH AS THE MEDICAID PROGRAM, ARE ALSO CONSIDERED PART OF THE ORGANIZATION'S BENEFIT PROVIDED TO THE COMMUNITY, SINCE A SUBSTANTIAL PORTION OF SUCH SERVICES ARE REIMBURSED AT AMOUNTS LESS THAN THE COSTS OF PROVIDING CARE. (SEE ADDITIONAL INFORMATION REGARDING THE COST OF PROVIDING SERVICES TO MEDICAID PATIENTS IN SCHEDULE H OF THE FORM 990.) PATIENTS WHO MEET CERTAIN CRITERIA FOR CHARITY CARE, GENERALLY BASED ON FEDERAL POVERTY GUIDELINES, ARE PROVIDED CARE AT A SIGNIFICANTLY REDUCED RATE, DETERMINED BASED ON QUALIFYING CRITERIA AS DEFINED IN THE ORGANIZATION'S CHARITY CARE POLICY AND FORM APPLICATIONS COMPLETED BY PATIENTS AND THEIR FAMILIES. (SEE ADDITIONAL INFORMATION REGARDING THE COST OF PROVIDING SERVICES TO CHARITY CARE RECIPIENTS IN SCHEDULE H OF THE FORM 990.) BENEFITS FOR SERVING THE COMMUNITY ALSO INCLUDE UNPAID COSTS OF TREATING THE ELDERLY, HEALTH SCREENINGS, COMMUNITY EDUCATION THROUGH SEMINARS AND CLASSES, AND OTHER HEALTH-RELATED SERVICES. DURING 2024, HOSPITAL PATIENT DAYS TOTALED 346. SOME OTHER KEY STATISTICS FOR FY2024 WERE 346 MEDICAL/SURGICAL INPATIENT DAYS, 1,240 SWING BED DAYS, 4,215 EMERGENCY ROOM VISITS, AND 461 SURGICAL OUTPATIENT VISITS.

Program 2
Expenses: $7,024,056 Revenue: $5,914,464

THE ORGANIZATION OPERATES FAMILY PRACTICE CLINICS IN THREE LOCATIONS TO ENSURE COMMUNITY MEMBERS HAVE ACCESS TO CONVENIENT, QUALITY PRIMARY CARE. DURING 2024, TOTAL OUTPATIENT ENCOUNTERS AT THESE...

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THE ORGANIZATION OPERATES FAMILY PRACTICE CLINICS IN THREE LOCATIONS TO ENSURE COMMUNITY MEMBERS HAVE ACCESS TO CONVENIENT, QUALITY PRIMARY CARE. DURING 2024, TOTAL OUTPATIENT ENCOUNTERS AT THESE CLINICS TOTALED 13,622. THE THREE CLINICS ARE DESIGNATED AS RURAL HEALTH CLINICS BY THE MEDICARE AND MEDICAID PROGRAMS AND BY DEFINITION PROVIDE HEALTH CARE TO AREAS DESIGNATED AS MEDICAL PROFESSIONAL SHORTAGE AREAS WHERE WITHOUT THESE CLINICS THERE WOULD BE LIMITED ACCESS TO PRIMARY CARE CLINICAL SERVICES. IN ADDITION, THE ORGANIZATION'S CHARITY CARE PROGRAM IS ALSO AVAILABLE TO PATIENTS OF THE CLINICS AND IS INCLUDED IN THE CHARITY CARE AMOUNT REPORTED FOR THE HOSPITAL AS CHARITY CARE BENEFITS GIVEN TO CLINIC PATIENTS IN SCHEDULE H OF THE FORM 990.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $256,555
Program Service Revenue $34,506,649
Investment Income $844,080
Other Revenue $43,021
TOTAL REVENUE $35,650,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,080,110
Fundraising Expenses $0
Program Expenses $26,451,944
Other Expenses $14,297,519
TOTAL EXPENSES $31,377,629

Year-over-Year Comparison

2023 2022 Change
Revenue $35,650,305 $24,788,877 +0.4%
Expenses $31,377,629 $21,638,590 +0.5%
Net Income $4,272,676 $3,150,287 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
4
Employees
206
Volunteers
50

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
$2,982,269
Total Directors
11
$1,723,298
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARILU BINTZ MD BOARD MEMBER/MED VP BGHS (THRU 12/23) 2.00
Director
$0 $53,893 $593,038
ANDY NAHAS VP/BGHS OPTOMETRIST 2.00
Officer Director
$0 $62,901 $309,029
JAMES KLOCK BOARD MEMBER/DIR OF REG IS 2.00
Director
$0 $51,419 $240,561
ALAN EBER BOARD MEMBER/DIR OF BUSINESS SERVICES 2.00
Director
$0 $45,529 $205,700
KEITH FRYE SECRETARY/ADMIN DR LAB 2.00
Officer Director
$0 $45,318 $203,956
DAWN THORSTEN BOARD MEMBER/DIRECTOR OF QUALITY 2.00
Director
$0 $44,299 $171,014
JERRY BERGE PRESIDENT 2.00
Officer Director
$0 $0 $0
CYNDE LARSEN TREASURER/BOARD MEMBER 2.00
Officer Director
$0 $0 $0
PETE ESSER TREASURER/BOARD MEMBER (THRU 12/23) 2.00
Officer Director
$0 $0 $0
GARY BOUGHTON BOARD MEMBER 2.00
Director
$0 $0 $0
EMILY MCCORMICK BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT RATHGABER CEO-BGHS 2.00
Officer
$0 $68,728 $1,712,949
STEVE LITTLE INTERIM CFO-BGHS (THRU 02/24) 2.00
Officer
$0 $0 $333,317
THERESA BRAUDT ADMINISTRATOR 50.00
Officer
$0 $49,424 $237,957
JENNIFER BOIGENZAHN FINANCE ADMINISTRATOR 50.00
Officer
$0 $23,533 $185,061
JOHN CEELEN CFO-BGHS (BEG 02/24) 2.00
Officer
$0 $0 $0
LISA WITTER PHARMACIST 40.00
Highest
$171,889 $34,074 $205,963
TARA WOOD PHARMACIST 50.00
Highest
$148,061 $14,508 $162,569
KELSEY LOMAS RN 40.00
Highest
$126,784 $24,565 $151,349
KERRY CAMPBELL RN 40.00
Highest
$131,400 $19,744 $151,144
JENNY DAX DIRECTOR, BUSINESS OPERATIONS 50.00
Highest
$127,475 $21,627 $149,102
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 $35,650,305 $31,377,629 $41,476,573 $4,272,676
2023 $24,788,877 $21,638,590 $34,589,454 $3,150,287
2022 $29,338,830 $26,733,602 $31,544,684 $2,605,228
2021 $31,387,681 $24,032,774 $33,102,930 $7,354,907
2020 $25,517,453 $22,320,291 $32,413,174 $3,197,162
2019 $23,211,450 $20,038,072 $21,966,731 $3,173,378
2018 $20,322,292 $18,713,066 $18,667,832 $1,609,226
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