MERITER HEALTH SERVICES INC

EIN: 391412318 501(c)(3) Health Care

MADISON, WI

Total Revenue
$4,593,699
Total Expenses
$4,561,069
Total Assets
$794,560,216
Net Assets
$792,871,162
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1898
Legal Domicile
WI
Principal Officer
JAMES ARNETT
Phone
6084176000
Tax Period
2023-01-01 to 2023-12-31

MERITER HEALTH SERVICES INC, founded in 1898, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $792.9M represent 2071 months of operating reserves.

Mission

TO HEAL THIS DAY, TEACH FOR TOMORROW, EMBRACE EXCELLENCE ALWAYS, SERVE OUR COMMUNITIES FOR A LIFETIME OF QUALITY HEALTH CARE.

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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 $0
Program Service Revenue $4,131,185
Investment Income $462,514
Other Revenue $0
TOTAL REVENUE $4,593,699

Expense Breakdown

Grants Paid $458,502
Salaries & Benefits $3,712,482
Fundraising Expenses $0
Program Expenses $960,745
Other Expenses $390,085
TOTAL EXPENSES $4,561,069

Year-over-Year Comparison

2023 2022 Change
Revenue $4,593,699 $4,085,322 +0.1%
Expenses $4,561,069 $3,659,465 +0.2%
Net Income $32,630 $425,857 -0.9%
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
14
Independent Members
12
Employees
7
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
$1,986,398
Total Directors
14
$1,287,247
Key Employees
3
$1,134,861
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN ASHLEY BOARD MEMBER 1.00
Director
$0 $0 $0
RUKMINI BANERJEE BOARD MEMBER 1.00
Director
$0 $0 $0
ALISON CRAIG-SHASHKO MD BOARD MEMBER 1.00
Director
$0 $0 $0
VIRGINIA GRAVES TO 623 BOARD MEMBER 1.00
Director
$0 $0 $7,850
RONALD HENSHUE BOARD MEMBER 1.00
Director
$0 $0 $0
NEWRHEE KIM MD BOARD VICE CHAIR 3.00
Officer Director
$0 $0 $0
BRADLEY MANNING MD BOARD MEMBER 1.00
Director
$0 $0 $11,475
MARGARET NOREUIL RN PHD BOARD PAST CHAIR 1.00
Director
$0 $0 $7,250
PAT SETJI BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG STRUB BOARD CHAIR 3.00
Officer Director
$12,500 $0 $25,000
MARY THOMPSON MD BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL WITTKE BOARD MEMBER 1.00
Director
$0 $0 $0
JASON YELK DO BOARD MEMBER 1.00
Director
$0 $51,887 $396,423
JAMES ARNETT BOARD MEMBER/PRESIDENT/CEO 5.00
Officer Director
$742,672 $96,577 $839,249
BETH ERDMAN CFO/TREASURER 15.00
Officer
$427,113 $48,661 $475,774
PAM WETZEL MD CMO/ASSISTANT SECRETARY 5.00
Officer
$610,383 $35,992 $646,375
SHERRY CASALI CHIEF NURSING OFFICER 5.00
Key Emp
$396,653 $61,766 $458,419
SHANA WUEBBEN VP HR/SECRETARY 5.00
Key Emp
$327,202 $47,667 $374,869
CHRISTINA JACKSON CHIEF OPERATING OFFICER 15.00
Key Emp
$263,745 $37,828 $301,573
ART NIZZA DSW TO 118 FORMER CEO UPH-MERITER 0.00
$0 $0 $156,611
SUE ERICKSON TO 622 FORMER CEO UPH-MERITER 0.00
$0 $144,038 $1,969,435
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 $4,593,699 $4,561,069 $794,560,216 $32,630
2022 $4,085,322 $3,659,465 $717,079,189 $425,857
2021 $4,578,617 $4,356,471 $754,843,828 $222,146
2020 $4,134,335 $3,787,862 $652,583,473 $346,473
2019 $4,518,862 $4,299,772 $576,529,777 $219,090
2018 $3,654,206 $3,498,408 $493,097,065 $155,798
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