MARSHFIELD CLINIC HEALTH SYSTEM FOUNDATION INC

EIN: 812822823 501(c)(3) Health Care

MARSHFIELD, WI

Total Revenue
$21,005,915
Total Expenses
$6,313,229
Total Assets
$150,978,366
Net Assets
$150,400,805
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
WI
Principal Officer
BRIAN HOERNEMAN MD
Phone
7153875511
Tax Period
2023-01-01 to 2023-12-31

MARSHFIELD CLINIC HEALTH SYSTEM FOUNDATION INC, founded in 2016, is a mid-sized nonprofit in the Health Care sector that reported $21.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $14.7M, a strong 70% operating margin.

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,898,275
Program Service Revenue $0
Investment Income $6,871,996
Other Revenue $235,644
TOTAL REVENUE $21,005,915

Expense Breakdown

Grants Paid $5,935,961
Salaries & Benefits $0
Fundraising Expenses $377,268
Program Expenses $5,935,961
Other Expenses $377,268
TOTAL EXPENSES $6,313,229

Year-over-Year Comparison

2023 2022 Change
Revenue $21,005,915 $18,929,558 +0.1%
Expenses $6,313,229 $6,006,791 +0.1%
Net Income $14,692,686 $12,922,767 +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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
13
Employees
N/A
Volunteers
13

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
6
$5,261,705
Total Directors
19
$3,101,975
Key Employees
1
$410,262
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SMITH BOARD CHAIR 1.00
Officer Director
$0 $0 $0
EDNA DEVRIES MD BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
JESSICA WERNBERG MD BOARD MEMBER 1.00
Director
$0 $43,708 $510,535
SID SAMUELS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE KRAUSE BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM HOCKING MD BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL SCHMIDT BOARD MEMBER 1.00
Director
$0 $0 $0
PAM HALLER BOARD MEMBER 1.00
Director
$0 $0 $0
ERIK DOVRE MD BOARD MEMBER 1.00
Director
$0 $31,449 $431,009
TAE GARDNER MD BOARD MEMBER 1.00
Director
$0 $43,158 $1,194,235
SALLY WINGER BOARD MEMBER 1.00
Director
$0 $0 $0
TREVOR WUETHRICH BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE WEINBERGER BOARD MEMBER 1.00
Director
$0 $32,254 $135,641
BARB PETKOVSEK BOARD MEMBER 1.00
Director
$0 $0 $0
BEN WESTRA BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK WOLF DO BOARD MEMBER 1.00
Director
$0 $39,691 $383,668
KATIE BOYCE BOARD MEMBER 1.00
Director
$0 $0 $0
NICK FABER BOARD MEMBER 1.00
Director
$0 $0 $0
JAN GORAL MD BOARD MEMBER 1.00
Director
$0 $39,627 $446,887
SUSAN TURNEY MD MCHS CEO - PART YEAR 1.00
Officer
$0 $382,007 $3,507,040
BRIAN HOERNEMAN MD INTERIM MCHS CEO 1.00
Officer
$0 $40,127 $888,868
CATHY BUKOWSKI MCHS CFO - PART YEAR 1.00
Officer
$0 $23,393 $749,233
JEANETTE WOJTALEWICZ INTERIM MCHS CFO 1.00
Officer
$0 $0 $116,564
TERI WILCZEK MCHS CHIEF PHILANTHROPY OFFICER 50.00
Key Emp
$376,682 $33,580 $410,262
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 $21,005,915 $6,313,229 $150,978,366 $14,692,686
2022 $18,929,558 $6,006,791 $129,935,000 $12,922,767
2021 $21,068,703 $5,986,161 $149,772,122 $15,082,542
2020 $3,623,024 $1,716,754 $132,647,484 $1,906,270
2020 $12,548,486 $6,210,658 $119,751,753 $6,337,828
2019 $20,464,526 $6,892,167 $112,727,174 $13,572,359
2018 $34,295,268 $4,530,664 $114,532,740 $29,764,604
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