HAYWARD, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEDICAL SERVICES INC, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $86.9M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $81.6M left a modest 6% surplus.
CONTINUOUSLY IMPROVE THE HEALTH STATUS OF THE PEOPLE OF THE HAYWARD AREA
TAMARACK HEALTH HAYWARD MEDICAL CENTER IS A 25-BED CRITICAL ACCESS HOSPITAL, 50 BED NURSING HOME, AND 40 APARTMENT RCAC FACILITY. THE HOSPITAL CAMPUS ALSO CONTAINS TWO ATTACHED PRIMARY CARE CLINICS...
TAMARACK HEALTH HAYWARD MEDICAL CENTER IS A 25-BED CRITICAL ACCESS HOSPITAL, 50 BED NURSING HOME, AND 40 APARTMENT RCAC FACILITY. THE HOSPITAL CAMPUS ALSO CONTAINS TWO ATTACHED PRIMARY CARE CLINICS; ONE THAT IS OWNED AND OPERATED BY TAMARACK HEALTH HAYWARD MEDICAL CENTER AND ANOTHER THAT IS OWNED AND OPERATED BY ESSENTIA HEALTH. THESE CLINICS EMPLOY APPROXIMATELY 18 FULL-TIME PHYSICIANS, AND ADDITIONAL PART-TIME SPECIALTY CARE PHYSICIANS WHO DO ROUNDS AND SEE PATIENTS AT THE HOSPITAL THROUGHOUT THE MONTH. THE HOSPITAL, NURSING HOME AND ASSISTED LIVING EMPLOY CLOSE TO 605 EMPLOYEES. IN FY '23-'24 THE HOSPITAL HAD 899 INPATIENT ADMISSIONS AND 3,010 IP DAYS, 626 OBSERVATION ADMISSIONS WITH 17,832 HOURS OF CARE, AND 40 TCU ADMISSIONS WITH 320 CENSUS DAYS OF CARE. THE NURSING HOME HAD 42 ADMISSIONS WITH 13,659 CENSUS DAYS, AND THE ASSISTED LIVING HAD 14,014 RESIDENT DAYS WITH AN AVERAGE MONTHLY CENSUS OF 38.29 FOR THE FISCAL YEAR WITH 40 TOTAL APARTMENTS. THE EMERGENCY ROOM IS STAFFED BY A PHYSICIAN 24/7/365 SEEING 9,373 PATIENTS. AIR AND GROUND AMBULANCES ARE AVAILABLE FOR THOSE REQUIRING A HIGHER LEVEL OF TRAUMA CARE. AS A RESULT OF A 2015 COMMUNITY HEALTH NEEDS ASSESSMENT, AN URGENT CARE WAS OPENED IN 2017. IT SERVED 6,523 PATIENTS DURING ITS SEVENTH FULL FISCAL YEAR OF OPERATION. THE OPERATING ROOM PERFORMED 1,294 CASES AND ENDOSCOPY PERFORMED 1,036 PROCEDURES. THE HOSPITAL HAS ADDED SEVERAL SPECIALTY SERVICES OVER THE LAST SEVERAL YEARS. ORTHOPEDICS OPENED IN APRIL 2018 WITH A SPORTS MEDICINED CERTIFIED SURGEON ADDED IN FEBRUARY 2020. WOUND CARE WAS ADDED IN LATE 2018. UROLOGY WAS ADDED IN AUGUST 2019. IN FY '20-'21, PODIATRY, GENERAL SURGERY, AND ADVANCED PAIN MANAGEMENT WERE ADDED. EAR, NOSE, AND THROAT (ENT) WAS ADDED IN FY '22-'23. OUR SPECIALTY SERVICES PROGRAMS HAD 9,529 CLINIC VISITS AND 809 SURGERIES IN FY '23-'24. A FAMILY MEDICINE/PRIMARY CARE CLINIC WAS OPENED IN MAY 2022 AND WAS CERTIFIED AS A RURAL HEALTH CLINIC (RHC) IN DECEMBER 2022. IT SERVED 8,046 PATIENTS IN ITS FIRST FULL YEAR OF OPERATION. RADIOLOGY EXAMS TOTAL 31,483, AND LAB EXAMS TOTAL 97,946 PER YEAR. HAYWARD MEDICAL CENTER PERFORMED 140 DELIVERIES LAST YEAR WITH 245 NEWBORN DAYS. HAYWARD IS A POPULAR VACATION HOME DESTINATION AND ATTRACTS TOURISTS THROUGHOUT THE YEAR. HAYWARD IS ALSO A POPULAR RECREATIONAL AREA ATTRACTING MOUNTAIN BIKERS, SKIERS, BOATING, FISHING, AND GENERAL OUTDOOR ACTIVITIES. MEDICAL PROFESSIONALS ARE ATTRACTED TO THIS POPULAR RECREATIONAL AREA BY THE QUALITY OF LIFE THEY FIND HERE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $86,854,899 | $76,098,852 | +0.1% |
| Expenses | $81,607,919 | $70,644,512 | +0.2% |
| Net Income | $5,246,980 | $5,454,340 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JASON DOUGLAS | FORMER PRES/DIR-REI TIL 2/2/24 | 1.00 |
Officer
Director
|
$0 | $61,557 | $759,424 |
| LUKE BEIRL | DIRECTOR/CEO-MSI/INTERIM PRES-REI | 37.00 |
Officer
Director
|
$431,444 | $71,159 | $502,603 |
| MARY HANSEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGG LUNDBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HARRY MALCOLM MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STACEY MCKINNEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DODSON THOMPSON DO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BENJAMIN TURNER MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN WILL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN GARRETT | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KYLAH ECKES | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NED WOLF | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICH HOBAN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KENT DUMONSEAU | CFO - REI | 1.00 |
Officer
|
$0 | $60,058 | $497,476 |
| HEATHER SHEEHAN | COO | 39.00 |
Key Emp
|
$237,096 | $59,977 | $297,073 |
| AINDREA LINDSAY | CCO | 40.00 |
Key Emp
|
$225,604 | $58,484 | $284,088 |
| BRIAN DONAHUE | PHYSICIAN | 40.00 |
Highest
|
$1,021,001 | $66,689 | $1,087,690 |
| PAUL TONKIN | PHYSICIAN | 40.00 |
Highest
|
$868,415 | $65,987 | $934,402 |
| DAVID LYNN | PHYSICIAN | 40.00 |
Highest
|
$627,423 | $67,479 | $694,902 |
| SARAH FOWLER | PHYSICIAN | 40.00 |
Highest
|
$547,392 | $66,159 | $613,551 |
| MATTHEW VINCENT | CRNA | 40.00 |
Highest
|
$466,314 | $65,403 | $531,717 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $86,854,899 | $81,607,919 | $127,173,544 | $5,246,980 |
| 2024 | $86,854,899 | $81,607,919 | $127,173,544 | $5,246,980 |
| 2023 | $76,098,852 | $70,644,512 | $114,127,248 | $5,454,340 |
| 2022 | $72,260,461 | $63,123,188 | $112,931,072 | $9,137,273 |
| 2021 | $66,310,173 | $58,139,432 | $103,842,622 | $8,170,741 |
| 2020 | $61,379,998 | $55,386,011 | $85,483,305 | $5,993,987 |
| 2019 | $52,360,184 | $46,815,855 | $79,247,204 | $5,544,329 |
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