MARSHFIELD CLINIC HEALTH SYSTEM INC (EIN 461495343) - 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

2012

Legal Domicile

Principal Officer

BILL GASSEN

Phone

7153875511

Tax Period

2024-01-01 to 2024-12-31

MARSHFIELD CLINIC HEALTH SYSTEM INC, founded in 2012, is a major nonprofit in the Health Care sector that reported $354.5M in total revenue in fiscal year 2024. Expenses of $321.0M left a modest 9% surplus.

Mission

WE ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.

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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 $80,629

Program Service Revenue $320,398,342

Investment Income $33,969,058

Other Revenue $65,280

TOTAL REVENUE $354,513,309

Expense Breakdown

Grants Paid $69,614

Salaries & Benefits $142,996,201

Fundraising Expenses $0

Program Expenses $288,890,676

Other Expenses $177,916,090

TOTAL EXPENSES $320,981,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,513,309	$356,577,991	0.0%
Expenses	$320,981,905	$338,915,497	-0.1%
Net Income	$33,531,404	$17,662,494	+0.9%

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

10202

Volunteers

N/A

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

$3,915,909

Total Directors

$9,397,671

Key Employees

$4,417,381

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE BROWN MD	CHAIR	9.00	Officer Director	$27,000	$0	$27,000
MARK BRADLEY	VICE CHAIR (THRU MAR 2024)	4.00	Officer Director	$5,500	$0	$5,500
RICHARD LEINENKUGEL	VICE CHAIR	4.00	Officer Director	$5,500	$0	$5,500
ALPA SHAH MD	SECRETARY (THRU MAR 2024)	4.00	Officer Director	$0	$9,460	$292,820
DAVID JUNKER MD	SECRETARY	3.00	Officer Director	$0	$51,612	$981,398
TOM WENZEL	TREASURER	4.00	Officer Director	$8,000	$0	$8,000
BARBARA BOYER MD	BOARD MEMBER	2.00	Director	$0	$43,301	$472,809
KENT RAY DO	BOARD MEMBER	3.00	Director	$0	$48,974	$453,980
JULIE BRUSSOW	BOARD MEMBER (THRU JAN 2024)	2.00	Director	$1,000	$0	$1,000
COLLEEN HOERNEMAN	BOARD MEMBER	9.00	Director	$5,500	$0	$5,500
JAYANTH VEDRE MD	BOARD MEMBER	2.00	Director	$0	$36,310	$748,201
CHRISTOPHER ADLER MD	BOARD MEMBER	2.00	Director	$0	$23,561	$390,670
PATRICK WOLF DO	BOARD MEMBER (THRU MAR 2024)	2.00	Director	$0	$4,352	$69,852
JESSICA WERNBERG MD	BOARD MEMBER	3.00	Director	$0	$40,681	$499,749
ELVIS PETER MD	BOARD MEMBER	3.00	Director	$0	$48,068	$860,440
MICHAEL LUEBKE	BOARD MEMBER (THRU MAR 2024)	4.00	Director	$11,000	$0	$11,000
TOM EVERT	BOARD MEMBER	4.00	Director	$10,500	$0	$10,500
BERNIE PATTERSON	BOARD MEMBER (THRU MAR 2024)	2.00	Director	$3,500	$0	$3,500
JANET LINDEMANN MD	BOARD MEMBER	2.00	Director	$6,500	$0	$6,500
SANJAY KUMAR MD	BOARD MEMBER	2.00	Director	$0	$42,168	$1,114,969
WILLIAM SENNHOLZ	BOARD MEMBER	2.00	Director	$1,500	$0	$1,500
TERRY FRANKLAND	BOARD MEMBER	4.00	Director	$19,000	$0	$19,000
TYLER DAHL MD	BOARD MEMBER (THRU MAR 2024)	2.00	Director	$0	$39,311	$1,208,991
MAUREEN MCCAUSLAND	BOARD MEMBER	2.00	Director	$6,500	$0	$6,500
TOM STILL	BOARD MEMBER	2.00	Director	$3,000	$0	$3,000
MATTHEW THOMAS MD	BOARD MEMBER	3.00	Director	$0	$41,999	$919,616
MATTHEW OELSTROM MD	BOARD MEMBER	2.00	Director	$0	$37,964	$537,690
BART ISAACSON MD	BOARD MEMBER (THRU MAR 2024)	2.00	Director	$0	$38,947	$360,987
RICHARD WICKA	BOARD MEMBER	2.00	Director	$1,500	$0	$1,500
KATHERINE WINIARCZYK DO	BOARD MEMBER	2.00	Director	$0	$37,544	$369,999
ANDREW DANIELS	BOARD MEMBER	2.00	Director	$0	$0	$0
EVERETTE NEWCOMB MD	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN HOERNEMAN MD	INTERIM MCHS CEO	50.00	Officer	$1,584,168	$39,013	$1,623,181
JEANETTE WOJTALEWICZ	INTERIM MCHS CFO	50.00	Officer	$972,510	$0	$972,510
KRISTA HOGLUND	MCHS HEALTH PLAN CEO	50.00	Key Emp	$679,971	$39,714	$719,685
JERARD JENSEN	MCHS GENERAL COUNSEL (THRU JAN 2024)	50.00	Key Emp	$889,281	$11,274	$900,555
LISA BOERO	MCHS GENERAL COUNSEL	50.00	Key Emp	$415,495	$10,811	$426,306
SAMANTHA KLEBE DO	CHIEF MEDICAL OFFICER	50.00	Key Emp	$703,503	$36,357	$739,860
TERRI NEWMIER	MCHS CHIEF HR OFFICER	50.00	Key Emp	$580,192	$27,751	$607,943
KATHY BRESSLER	MCHS COO	50.00	Key Emp	$985,571	$37,461	$1,023,032
SUSAN TURNEY MD	FORMER MCHS CEO	0.00		$2,241,715	$0	$2,241,715
CATHY BUKOWSKI	FORMER MCHS CFO	0.00		$631,969	$0	$631,969
WILLIAM MELMS MD	FORMER CHIEF MEDICAL OFFICER	0.00		$199,385	$0	$199,385

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	$354,513,309	$320,981,905	$711,318,473	$33,531,404
2023	$356,577,991	$338,915,497	$687,467,973	$17,662,494
2022	$320,838,533	$311,363,180	$606,221,680	$9,475,353
2021	$271,248,573	$259,529,956	$776,311,660	$11,718,617
2020	$65,454,121	$67,411,299	$563,033,323	$-1,957,178
2020	$230,985,601	$255,765,863	$945,887,022	$-24,780,262
2019	$246,012,474	$260,484,168	$731,327,577	$-14,471,694
2018	$207,907,508	$216,326,724	$534,326,749	$-8,419,216

MARSHFIELD CLINIC HEALTH SYSTEM INC