FAMILY HEALTH CENTER OF MARSHFIELD… - 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

1990

Legal Domicile

Principal Officer

GREG NYCZ

Phone

7152215700

Tax Period

2023-01-01 to 2023-12-31

FAMILY HEALTH CENTER OF MARSHFIELD INC, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $52.4M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $59.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF FAMILY HEALTH CENTER OF MARSHFIELD, INC. IS TO PROVIDE ACCESS TO HIGH QUALITY HEALTH CARE SERVICES FOR THE UNDERSERVED AND TO ENHANCE THE HEALTH OF OUR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $49,579,389 Revenue: $37,274,461

IN TOTAL, FAMILY HEALTH CENTER OF MARSHFIELD, INC. (FHC) SERVED APPROXIMATELY 42,361 UNIQUE PATIENTS FOR THE 12 MONTHS ENDING DECEMBER 31, 2023; MANY OF WHOM WOULD NOT OTHERWISE RECEIVE CARE OR WOULD FACE SIGNIFICANT BARRIERS TO ACCESSING IT. FHC CONTRACTED ALL HEALTHCARE AND ADMINSTRATIVE STAFF TO PROVIDE CARE DIRECTLY TO PATIENTS WITHIN THEIR COMMUNITIES, WITH THE EXCEPTION OF THE CHIEF EXECUTIVE OFFICER. ON APRIL 1, 2023, THESE CONTRACTED STAFF MEMBERS TRANSITIONED TO FHC EMPLOYEES, CONTINUING TO ADMINISTRATE AND DELIVER CARE DIRECTLY TO PATIENTS. FHC ALSO MAINTAINS A NETWORK OF CONTRACTED HEALTHCARE PROVIDERS THROUGHOUT CENTRAL AND NORTHERN WISCONSIN TO ENSURE COMPREHENSIVE MEDICAL, ORAL, AND BEHAVIORAL CARE SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,598,964

Program Service Revenue $37,274,461

Investment Income $2,554,457

Other Revenue $15,500

TOTAL REVENUE $52,443,382

Expense Breakdown

Grants Paid $1,981,586

Salaries & Benefits $27,037,325

Fundraising Expenses $0

Program Expenses $49,579,389

Other Expenses $30,289,635

TOTAL EXPENSES $59,308,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,443,382	$76,281,737	-0.3%
Expenses	$59,308,546	$58,058,107	+0.0%
Net Income	$-6,865,164	$18,223,630	-1.4%

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

449

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

$385,378

Total Directors

Key Employees

$350,887

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON KAISER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RONDA KOPELKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RITA KIRCHOFF	TREASURER	1.00	Officer Director	$0	$0	$0
CINDY KOCH	SECRETARY	1.00	Officer Director	$0	$0	$0
MARLA HEMKE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BAXTER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD KUMMEROW	BOARD MEMBER	1.00	Director	$0	$0	$0
AUSTIN JIRSCHELE	BOARD MEMBER	1.00	Director	$0	$0	$0
TENA QUACKENBUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTON ZIELSER	PRESIDENT - PART YEAR	1.00	Officer Director	$0	$0	$0
GREG NYCZ	CHIEF EXECUTIVE OFFICER	40.00	Officer	$178,611	$15,335	$193,946
AMANDA SPINDLER	CHIEF FINANCIAL OFFICER	40.00	Officer	$165,926	$25,506	$191,432
MARY DORSCH	CHIEF OF OPERATIONS	40.00	Key Emp	$160,510	$21,271	$181,781
DAVID CHAUDIER	CHIEF OF STAFF	40.00	Key Emp	$158,344	$10,762	$169,106
SIRIN CHUNDU	DENTIST-PEDIATRICS	40.00	Highest	$312,355	$36,020	$348,375
DEEPAK NEELAGIRI	DENTIST	40.00	Highest	$275,937	$16,556	$292,493
SCOTT MURPHY	DENTIST	40.00	Highest	$264,167	$30,472	$294,639
MARK SCHLICHTIG	DENTIST	40.00	Highest	$249,375	$29,584	$278,959
BRIAN SERRES	DENTIST	40.00	Highest	$249,375	$32,241	$281,616

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	$52,443,382	$59,308,546	$103,817,330	$-6,865,164
2022	$76,281,737	$58,058,107	$98,767,077	$18,223,630
2021	$79,939,834	$65,370,570	$83,844,933	$14,569,264
2020	$15,638,630	$16,949,398	$80,344,099	$-1,310,768
2020	$59,394,583	$64,566,977	$80,148,727	$-5,172,394
2019	$79,763,690	$84,692,634	$85,418,675	$-4,928,944
2018	$86,272,127	$94,648,986	$113,413,179	$-8,376,859

FAMILY HEALTH CENTER OF MARSHFIELD INC