Madison Surgery Center Inc (EIN 391940656) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

Kelsie Doty

Phone

6088214230

Tax Period

2024-07-01 to 2025-06-30

Madison Surgery Center Inc, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $38.6M in total revenue in fiscal year 2024. The organization ran a surplus of $9.5M, a strong 25% operating margin.

Mission

The Corporation's goal is to provide quality health care services, facilitate training of medical students, and be committed to the community it serves.

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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 $38,568,125

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,568,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,908,545

Fundraising Expenses $0

Program Expenses $26,334,967

Other Expenses $18,166,023

TOTAL EXPENSES $29,074,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,568,125	$36,322,808	+0.1%
Expenses	$29,074,568	$27,443,047	+0.1%
Net Income	$9,493,557	$8,879,761	+0.1%

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

N/A

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

$1,630,697

Total Directors

$2,068,888

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Link	Secretary	2.00	Officer Director	$0	$104,988	$557,739
Roland Vega	Board Member	2.00	Director	$0	$53,159	$561,774
Deborah Rusy	Board Member	2.00	Director	$0	$70,878	$506,867
Kelsie Doty	President (until 6/30/25)	2.00	Officer Director	$0	$71,335	$442,508
Beth Erdman	Vice President	2.00	Officer Director	$0	$0	$0
Christina Jackson	Board Member	2.00	Director	$0	$0	$0
Dan Jordan	Director of MSC	40.00	Officer	$0	$48,581	$241,386
Aaron Prochaska	Treasurer	2.00	Officer	$0	$51,687	$217,174
Patti Meyer	Assistant Secretary	1.00	Officer	$0	$24,479	$171,890

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
2025	$38,568,125	$29,074,568	$22,165,368	$9,493,557
2024	No data	No data	No data	No data
2023	$37,121,798	$26,452,697	$17,584,881	$10,669,101
2022	$35,219,152	$25,388,000	$18,211,411	$9,831,152
2021	$29,403,841	$22,104,429	$20,791,361	$7,299,412
2018	$28,911,471	$20,327,948	$16,973,973	$8,583,523

Madison Surgery Center Inc