MADISON, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MADISON HEALTHCARE SERVICES, founded in 1945, is a mid-sized nonprofit in the Health Care sector that reported $21.8M in total revenue in fiscal year 2024.
MADISON HEALTHCARE SERVICES, WHICH INCLUDES THE MADISON LUTHERAN HOME, MADISON HOSPITAL, LAC QUI PARLE CLINIC, AND SUBSIDIARIES, IS COMMITTED TO ENRICH THE LIVES OF EVERYONE WE SERVE, GUIDED BY OUR CHRISTIAN HERITAGE AND VALUES.
MADISON HOSPITAL IS A 12 BED HOSPITAL THAT PROVIDES SERVICE TO THE COMMUNITY IN THE AREAS OF ACUTE INPATIENT CARE AND SKILLED SWING BED REHABILITATION. THE ORGANIZATION ALSO PROVIDES SOCIAL SERVICES...
MADISON HOSPITAL IS A 12 BED HOSPITAL THAT PROVIDES SERVICE TO THE COMMUNITY IN THE AREAS OF ACUTE INPATIENT CARE AND SKILLED SWING BED REHABILITATION. THE ORGANIZATION ALSO PROVIDES SOCIAL SERVICES BY OFFERING EMOTIONAL, SOCIAL, AND ECONOMIC SUPPORT AND REFERRAL TO RESIDENTS AND FAMILIES, PEDIATRICS, SURGERY, EMERGENCY CARE, CARDIAC REHAB, OUTPATIENT, OUTREACH, AND INPATIENT CARE. THE HOSPITAL HAD 12,315 OUTPATIENT VISITS AND 528 MEDICAL/SURGICAL AND SSB DAYS. THE ORGANIZATION MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE NUMBER OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY AND EQUIVALENT SERVICE STATISTICS. THE AMOUNT OF CHARGES FORGONE, BASED ON ESTABLISHED RATES, WAS $14,772 FOR THE YEAR ENDED SEPTEMBER 30, 2025.
MADISON HEALTHCARE SERVICES IS A NONPROFIT HEALTHCARE ORGANIZATION DEDICATED TO PROVIDING HIGH-QUALITY MEDICAL CARE AND WELLNESS SERVICES TO WESTERN MINNESOTA. OUR MISSION IS TO ENHANCE THE HEALTH...
MADISON HEALTHCARE SERVICES IS A NONPROFIT HEALTHCARE ORGANIZATION DEDICATED TO PROVIDING HIGH-QUALITY MEDICAL CARE AND WELLNESS SERVICES TO WESTERN MINNESOTA. OUR MISSION IS TO ENHANCE THE HEALTH AND WELL-BEING OF INDIVIDUALS BY OFFERING COMPREHENSIVE HEALTHCARE SOLUTIONS, INCLUDING INPATIENT AND OUTPATIENT SERVICES, SPECIALTY CARE CLINIC, LONG-TERM CARE, HOME CARE, ASSISTED LIVING.IN THE PAST YEAR, MADISON HEALTHCARE SERVICES HAS CONTINUED TO EXPAND ITS OFFERINGS TO BETTER SERVE THE NEEDS OF OUR PATIENTS. WE PROVIDE ESSENTIAL MEDICAL SERVICES SUCH AS EMERGENCY CARE, PRIMARY CARE, SURGICAL PROCEDURES, REHABILITATION, AND LONG-TERM CARE TO OUR REGION. ADDITIONALLY, WE HAVE INVESTED IN STATE-OF-THE-ART MEDICAL TECHNOLOGY AND ENHANCED OUR EFFORTS TO REACH UNDERSERVED POPULATIONS.MADISON HEALTHCARE SERVICES IS DEEPLY COMMITTED TO COMMUNITY OUTREACH AND EDUCATION. WE CONDUCT HEALTH SCREENINGS, VACCINATION DRIVES, AND WELLNESS PROGRAMS TO PROMOTE PREVENTIVE CARE. THROUGH PARTNERSHIPS WITH LOCAL ORGANIZATIONS AND OUR OWN HEALTHCARE PROFESSIONALS, WE STRIVE TO ADDRESS SOCIAL DETERMINANTS OF HEALTH AND IMPROVE OVERALL COMMUNITY WELL-BEING.MADISON HEALTHCARE SERVICES REMAINS FINANCIALLY RESPONSIBLE AND TRANSPARENT IN ITS OPERATIONS, REINVESTING INTO ITSELF TO IMPROVE PATIENT CARE, UPDATE FACILITIES, AND TO EDUCATE OUR STAFF. OUR UNWAVERING COMMITMENT TO PATIENT-CENTERED CARE AND COMMUNITY ENGAGEMENT REFLECTS OUR CORE VALUES AND ENSURES THAT WE CONTINUE TO MAKE A MEANINGFUL IMPACT ON PUBLIC HEALTH.
THE MEDICAL STAFF AT THE CLINIC CONSISTS OF TWO M.D.'S , ONE PA-C'S, AND TWO NURSE PRACTITIONERS AVAILABLE 5-DAYS-A-WEEK AND HALF ON SATURDAY. THE CLINIC WORKS WITH THE NURSING STAFF TO PROVIDE...
THE MEDICAL STAFF AT THE CLINIC CONSISTS OF TWO M.D.'S , ONE PA-C'S, AND TWO NURSE PRACTITIONERS AVAILABLE 5-DAYS-A-WEEK AND HALF ON SATURDAY. THE CLINIC WORKS WITH THE NURSING STAFF TO PROVIDE QUALITY CARE TO ITS PATIENTS. ATTACHED DIRECTLY TO THE MADISON HOSPITAL, THE CLINIC HAS EASY ACCESS TO MEDICAL SERVICES SUCH AS LAB, X-RAY, PHARMACY, AND OTHER DIAGNOSTIC SERVICES.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $21,771,991 | $21,283,566 | +0.0% |
| Expenses | $22,353,399 | $21,752,005 | +0.0% |
| Net Income | $-581,408 | $-468,439 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| SCOTT OMLAND | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BART HILL | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN OLSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MAYNARD MEYER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JEANENE MUNSTERMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM VOLK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TRUDY HASTAD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIK BJERKE | CEO | 40.00 |
Officer
|
$226,204 | $51,814 | $278,018 |
| CAROL BORGERSON | CFO | 40.00 |
Officer
|
$121,247 | $18,843 | $140,090 |
| BRANT HACKER MD | MD | 40.00 |
Highest
|
$346,307 | $39,471 | $385,778 |
| MARIA NOLTE MD | MD | 40.00 |
Highest
|
$306,282 | $59,014 | $365,296 |
| HANNAH FIELDS MD | MD | 40.00 |
Highest
|
$331,757 | $30,928 | $362,685 |
| PAUL HODGE PA | PHYSICIAN ASSISTANT | 32.00 |
Highest
|
$147,309 | $17,400 | $164,709 |
| MELANIE MILLER NP | NURSE PRACTITIONER | 40.00 |
Highest
|
$114,703 | $40,382 | $155,085 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $21,771,991 | $22,353,399 | $44,677,428 | $-581,408 |
| 2024 | No data | No data | No data | No data |
| 2023 | $20,734,963 | $20,919,092 | $44,800,779 | $-184,129 |
| 2022 | $20,472,916 | $20,672,379 | $46,574,607 | $-199,463 |
| 2021 | $23,223,798 | $18,151,708 | $39,706,321 | $5,072,090 |
| 2020 | $18,164,841 | $17,212,362 | $36,432,435 | $952,479 |
| 2019 | $18,493,031 | $16,806,411 | $29,483,052 | $1,686,620 |
| 2018 | $16,894,551 | $16,607,382 | $28,966,413 | $287,169 |
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