MILWAUKEE REGIONAL MEDICAL CENTER … - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

RACHEL STAUFFER

Phone

4147784570

Tax Period

2024-01-01 to 2024-12-31

MILWAUKEE REGIONAL MEDICAL CENTER INC, founded in 1977, is a community nonprofit in the Health Care sector that reported $7.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.0M, a strong 43% operating margin.

Mission

THE PRIMARY PURPOSE OF THE MEDICAL CENTER IS TO AID AND SUPPORT THE DEVELOPMENT AND PROVISION OF HEALTH SERVICES IN WISCONSIN BY ASSISTING ITS MEMBERS TO DEVELOP AND OPERATE PROGRAMS OF EDUCATION, RESEARCH, AND PATIENT CARE. THE MEDICAL CENTER ALSO FACILITATES THE EFFICIENT DEVELOPMENT AND FUNCTIONING OF THE MEDICAL CENTER CAMPUS.

Program Service Accomplishments

Program 1

Expenses: $2,462,018 Revenue: $4,597,202

MRMC INFRASTRUCTURE OWNS, DEVELOPS, CONSTRUCTS, IMPROVES, MAINTAINS, AND REPLACES TRANSPORTATION AND UTILITY INFRASTRUCTURE IMPROVEMENTS ON THE MRMC CAMPUS.

Program 2

Revenue: $1,799,584

MILWAUKEE REGIONAL MEDICAL CENTER,INC. (THE CENTER) AND SUBSIDIARIES (COLLECTIVELY MRMC) IS A NONSTOCK, NOT-FOR-PROFIT VOLUNTARY CONSORTIUM OF PRIVATE NONPROFIT INSTITUTIONS THAT ARE INVOLVED IN THE DELIVERY OF HEALTH SERVICES, THE EDUCATION OF HEALTH PERSONNEL, THE CONDUCT OF HEALTH-RELATED RESEARCH AND THE PROVISION OF SUPPORT PER THERMAL, WATER AND INFRASTRUCTURE SERVICES TO ITS MEMBERS. MRMC'S CORE MEMBERS ARE CHILDREN'S HOSPITAL OF WISCONSIN, FROEDTERT MEMORIAL LUTHERAN HOSPITAL AND THE MEDICAL COLLEGE OF WISCONSIN. AFFILIATE MEMBERS INCLUDE THE VERSITI BLOOD CENTER OF WISCONSIN. THE PURPOSES OF MRMC ARE (1) TO AID AND SUPPORT THE DEVELOPMENT AND PROVISION OF TERTIARY LEVEL HEALTH SERVICES IN THE MILWAUKEE REGION BY ASSISTING ITS MEMBERS TO DEVELOP AND OPERATE HIGH-QUALITY, EFFICIENT PROGRAMS OF EDUCATION, RESEARCH AND PATIENT CARE AND (2) TO FACILITATE THE EFFICIENT DEVELOPMENT AND FUNCTIONING OF THE MRMC CAMPUS.THE CENTER CONDUCTS PLANNING, COORDINATING AND DEVELOPMENT ACTIVITIES AND, WHEN APPROPRIATE, ORGANIZES AND/OR OPERATES SUCH PROGRAMS AND SERVICES TO ACHIEVE THESE PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,396,786

Investment Income $711,964

Other Revenue $4,122

TOTAL REVENUE $7,112,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $877,153

Fundraising Expenses $0

Program Expenses $2,462,018

Other Expenses $3,211,320

TOTAL EXPENSES $4,088,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,112,872	$6,211,442	+0.1%
Expenses	$4,088,473	$4,547,756	-0.1%
Net Income	$3,024,399	$1,663,686	+0.8%

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

Volunteers

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

$269,264

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GERONIME	VP OF OPERATIONS	40.00	Highest	$255,775	$51,451	$307,226
SHERI SCHMIT	VP OF TRANSPORTATION SERVICES	40.00	Highest	$207,692	$46,643	$254,335
LEIF ERICKSON	EXECUTIVE DIRECTOR FLIGHT FOR LIFE	0.00	Highest	$217,452	$47,619	$265,071
RACHEL STAUFFER	VP OF FINANCE	30.00	Officer	$230,127	$39,137	$269,264
CRAIG MILLER	CIO	30.00	Highest	$159,413	$3,533	$162,946
TIFFANY L MUNDT	CLINICAL STAFF EDUCATION COORDINATOR	40.00	Highest	$149,350	$40,809	$190,159
ROBERT SIMI	EXECUTIVE DIRECTOR MRMC	35.00	Officer	$0	$0	$0
MARC CADIEUX	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR JOHN RAYMOND	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MATTHEW LESTER	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT HAWIG	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN ERNST	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT TURNER	DIRECTOR	1.00	Director	$0	$0	$0

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	$7,112,872	$4,088,473	$70,755,876	$3,024,399
2023	$6,211,442	$4,547,756	$89,321,110	$1,663,686
2022	$13,480,233	$15,354,659	$80,553,758	$-1,874,426
2021	$11,931,134	$11,367,356	$97,261,239	$563,778
2020	$11,606,029	$9,347,374	$71,201,717	$2,258,655
2019	$13,438,345	$17,471,027	$62,919,365	$-4,032,682
2018	$13,413,778	$16,568,897	$38,099,666	$-3,155,119

MILWAUKEE REGIONAL MEDICAL CENTER INC