BURNETT MEDICAL CENTER INC

EIN: 390938661 501(c)(3) Health Care

GRANTSBURG, WI

Total Revenue
$29,220,504
Total Expenses
$29,468,734
Total Assets
$23,132,366
Net Assets
$11,261,060
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
WI
Principal Officer
MARK THAYER
Phone
7154635353
Tax Period
2023-10-01 to 2024-09-30

BURNETT MEDICAL CENTER INC, founded in 1956, is a mid-sized nonprofit in the Health Care sector that reported $29.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF BURNETT MEDICAL CENTER IS TO PROVIDE COMPASSIONATE, COMPREHENSIVE, COMMUNITY HEALTHCARE THAT EXCEEDS OUR CUSTOMER'S EXPECTATIONS. OUR MISSION, AS WELL AS OUR VISION AND VALUES, SERVES AS A GUIDELINE FOR DAILY DECISION MAKING AND REPRESENTS THE PRINCIPLES AND PRACTICES THAT WE CONSTANTLY APPLY. THE COMFORT AND CARE OF OUR PATIENTS IS A MAJOR FOCUS OF OURS. WE WANT TO BE THE HEALTHCARE PROVIDER OF "CHOICE" - PROVIDING EXPERT AND COST-EFFECTIVE CARE IN A "HOMETOWN" ATMOSPHERE. ANOTHER OBJECTIVE OF OURS IS TO PROVIDE EDUCATION THAT WILL INCREASE HEALTH AWARENESS. PART OF OUR MISSION IS TO CONTINUALLY PUT THE "CARE" IN HEALTHCARE. MORE HEALTHCARE INFORMATION IS NOW AVAILABLE FROM OUR WEBSITE, WHICH ALSO PROVIDES PATIENT EDUCATION RESOURCES FOR THOSE WE SERVE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $596,800
Program Service Revenue $28,516,483
Investment Income $72,891
Other Revenue $34,330
TOTAL REVENUE $29,220,504

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,784,873
Fundraising Expenses $0
Program Expenses $22,548,008
Other Expenses $14,683,861
TOTAL EXPENSES $29,468,734

Year-over-Year Comparison

2023 2022 Change
Revenue $29,220,504 $26,809,008 +0.1%
Expenses $29,468,734 $26,785,322 +0.1%
Net Income $-248,230 $23,686 -11.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
259
Volunteers
12

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
5
$371,595
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK TAYLOR PRESIDENT 0.50
Officer Director
$0 $0 $0
CHRIS SYBERS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JULIE FIEDLER SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
RANDY CAREY DIRECTOR 0.50
Director
$0 $0 $0
LOIS CARLSON DIRECTOR 0.50
Director
$0 $0 $0
JOHN HILL DIRECTOR 0.50
Director
$0 $0 $0
TAYLOR PAAP DIRECTOR 0.50
Director
$0 $0 $0
GORDON LEWIS CEO 40.00
Officer
$251,360 $10,235 $261,595
GORDON FORBORT CFO 40.00
Officer
$110,000 $0 $110,000
TIMOTHY NOVICK MD 40.00
Highest
$357,842 $48,949 $406,791
JORDAN FRASER MD 40.00
Highest
$237,530 $51,140 $288,670
MARK THAYER MD 40.00
Highest
$202,239 $41,544 $243,783
LINAE HICKS NURSE PRACTITIONER 40.00
Highest
$180,993 $49,229 $230,222
ANDERS ULLAND MD/SURGEON 40.00
Highest
$198,877 $16,846 $215,723
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 $29,220,504 $29,468,734 $23,132,366 $-248,230
2023 $26,809,008 $26,785,322 $23,043,072 $23,686
2022 $26,239,867 $24,597,127 $24,561,992 $1,642,740
2021 $27,344,828 $22,690,540 $27,610,432 $4,654,288
2020 $21,966,584 $21,922,032 $27,385,708 $44,552
2019 $21,652,014 $21,625,008 $17,862,158 $27,006
2018 $20,932,462 $21,280,735 $17,883,943 $-348,273
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