Memorial Medical Center Inc
- Assets
- $223.8m
- Revenue
- $147.9m
- Investments
- $0.0
- Employees
- 666
- Location
- Ashland, WI
- Founding
- 04/1969
- Data as of
- 09/2022
- EIN
- 23-7013497
Organization Overview
Memorial Medical Center Inc, operating under the name Tamarack Health Ashland Medical Center, is located in Ashland, WI. The organization was established in 1969. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Tamarack Health Ashland Medical Center employed 666 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tamarack Health Ashland Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Tamarack Health Ashland Medical Center generated $147.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $130.2m during the year ending 09/2022. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tamarack Health Ashland Medical Center has awarded 47 individual grants totaling $858,022. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INPATIENT AND OUTPATIENT MEDICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORIAL MEDICAL CENTER, INC. DBA TAMARACK HEALTH ASHLAND MEDICAL CENTER (AMC) IS A CRITICAL ACCESS HOSPITAL WITH OVER 60 FULL-TIME PHYSICIANS ON STAFF AND OVER 700 EMPLOYEES. LOCATED IN THE CITY OF ASHLAND, AMC SERVES AS A REGIONAL MEDICAL REFERRAL CENTER FOR PATIENTS FROM SEVEN NORTHWESTERN WISCONSIN COUNTIES AND THE NEIGHBORING GOGEBIC COUNTY OF MICHIGAN.AMC OFFERS INPATIENT AND OUTPATIENT SERVICES INCLUDING:MEDICAL-SURGICAL; INTENSIVE CARE; OBSTETRICS INCLUDING LABOR, DELIVERY, POSTPARTUM AND RECOVERY (LDPR) SUITES; BEHAVIORAL HEALTH; AND 24-HOUR EMERGENCY CARE.INPATIENT AND OUTPATIENT SURGERIES INCLUDE: ORTHOPEDIC, UROLOGY, OPHTHALMOLOGY, ENT, PODIATRY, GASTROENTEROLOGY, AND OB/GYN IN ADDITION TO GENERAL SURGERY. SUPPORT DIAGNOSTIC SERVICES INCLUDE: LABORATORY; RADIOLOGY WITH MRI, CT AND DIAGNOSTIC ULTRASOUND; PAIN MANAGEMENT; NUTRITIONAL SERVICES; PHARMACY; ENDOSCOPY SUITES AND A SLEEP DISORDER CENTER. REHABILITATION SERVICES INCLUDE: CARDIAC REHABILITATION AND CARDIOPULMONARY REHABILITATION; PHYSICAL THERAPY AND SPORTS MEDICINE.LIFELINE EMERGENCY RESPONSE SYSTEM, HOSPICE SERVICES AND SOCIAL SERVICES ARE ALSO AVAILABLE WITHIN AMC. AN ADDITIONAL BUILDING ON THE AMC CAMPUS HOUSES THE BEHAVIORAL HEALTH SERVICES PROVIDING INPATIENT AND OUTPATIENT AODA AND MENTAL HEALTH CARE AND THERAPIES.AMC OPENED AS A PRIVATE, NOT-FOR-PROFIT HOSPITAL IN 1972, COMBINING THE SERVICES PREVIOUSLY PROVIDED BY TRINITY HOSPITAL AND ASHLAND COMMUNITY HOSPITAL, BOTH LOCATED IN ASHLAND. AMC IS THE ONLY HOSPITAL LOCATED IN ASHLAND, BAYFIELD AND IRON COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Douglas President/ceo - Mmc | OfficerTrustee | 37 | $641,559 |
Nathan Schoeppach Medical Staff President | Trustee | 5 | $80,841 |
Matthew Anich Board Member | Trustee | 1 | $0 |
Thomas Cunningham MD Board Member | Trustee | 1 | $1,211 |
Karen Hansen Board Member/former COO | Trustee | 5 | $238,311 |
Dani Mikula Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regional Enterprises Inc Dba Tamarack Is/accounting/ Compliance | 9/29/23 | $5,628,803 |
Market & Johnson Construction Company | 9/29/23 | $4,109,156 |
Essentia Health Call Coverage/pro- Fees/service Agreemen | 9/29/23 | $3,471,139 |
Medical Solutions Locum Pro-fees | 9/29/23 | $1,831,978 |
Cmdi Radiology Imaging | 9/29/23 | $767,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,474,429 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,504,179 |
| Total Program Service Revenue | $142,196,909 |
| Investment income | $1,885,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $95,337 |
| Net Gain/Loss on Asset Sales | $759,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,949,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $322,605 |
| Grants and other assistance to domestic individuals. | $17,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $714,200 |
| Compensation of current officers, directors, key employees. | $685,852 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,769,188 |
| Pension plan accruals and contributions | $1,933,558 |
| Other employee benefits | $9,152,998 |
| Payroll taxes | $2,711,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $427,756 |
| Fees for services: Accounting | $83,216 |
| Fees for services: Lobbying | $11,740 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,237,567 |
| Advertising and promotion | $415,112 |
| Office expenses | $2,251,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,801,834 |
| Travel | $362,714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $833,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,065,587 |
| Insurance | $461,815 |
| All other expenses | $8,562,203 |
| Total functional expenses | $130,199,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,686,576 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,993,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $690,546 |
| Inventories for sale or use | $3,394,585 |
| Prepaid expenses and deferred charges | $1,140,486 |
| Net Land, buildings, and equipment | $88,702,867 |
| Investments—publicly traded securities | $65,001,845 |
| Investments—other securities | $0 |
| Investments—program-related | $249,288 |
| Intangible assets | $609,583 |
| Other assets | $2,377,943 |
| Total assets | $223,847,463 |
| Accounts payable and accrued expenses | $8,457,050 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $33,085,731 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,190,337 |
| Total liabilities | $47,733,118 |
| Net assets without donor restrictions | $176,114,345 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $223,847,463 |
Grants Awarded
Over the last fiscal year, Memorial Medical Center Inc has awarded $134,380 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT OF ASHLAND PURPOSE: GENERAL SUPPORT | $8,500 |
ASHLAND PARKS AND RECREATION DEPARTMENT PURPOSE: GENERAL SUPPORT | $10,000 |
GENESIS 1990 INC PURPOSE: GENERAL SUPPORT | $15,000 |
TOWN OF GRAND VIEW PURPOSE: GENERAL SUPPORT | $10,000 |
ASHLAND AREA DEVELOPMENT CORP PURPOSE: GENERAL SUPPORT | $15,000 |
FRIENDS OF THE APOSTLE ISLANDS PURPOSE: GENERAL SUPPORT | $10,000 |