MADISON HEALTHCARE SERVICES

EIN: 410706115 501(c)(3) Health Care

MADISON, MN

Total Revenue
$21,771,991
Total Expenses
$22,353,399
Total Assets
$44,677,428
Net Assets
$31,965,734
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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
MN
Principal Officer
ERIK BJERKE
Phone
3205987536
Tax Period
2024-10-01 to 2025-09-30

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $7,418,390 Revenue: $10,216,403

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...

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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.

Program 2
Expenses: $6,271,637 Revenue: $7,950,100

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...

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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.

Program 3
Expenses: $2,587,340 Revenue: $2,590,649

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...

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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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $177,408
Program Service Revenue $20,486,458
Investment Income $767,821
Other Revenue $340,304
TOTAL REVENUE $21,771,991

Expense Breakdown

Grants Paid $44,080
Salaries & Benefits $12,400,092
Fundraising Expenses $0
Program Expenses $16,277,367
Other Expenses $9,909,227
TOTAL EXPENSES $22,353,399

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
213
Volunteers
15

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
4
$418,108
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
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
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 $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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