Memorial Medical Center Inc
- Assets
- $199.5m
- Revenue
- $111.3m
- Investments
- $0.0
- Employees
- 603
- Location
- Ashland, WI
- Founding
- 04/1969
- Data as of
- 09/2020
- EIN
- 23-7013497
Organization Overview
Memorial Medical Center Inc 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 09/2021, Memorial Medical Center Inc employed 603 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Medical Center Inc 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 09/2020, Memorial Medical Center Inc generated $111.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $101.6m during the year ending 09/2020. While expenses have increased by 7.8% per year over the past 6 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, Memorial Medical Center Inc has awarded 31 individual grants totaling $522,824. 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
2020
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 (MMC) IS A CRITICAL ACCESS HOSPITAL WITH OVER 60 FULL-TIME PHYSICIANS ON STAFF AND OVER 600 EMPLOYEES. LOCATED IN THE CITY OF ASHLAND, MMC SERVES AS A REGIONAL MEDICAL REFERRAL CENTER FOR PATIENTS FROM SEVEN NORTHWESTERN WISCONSIN COUNTIES AND THE NEIGHBORING GOGEBIC COUNTY OF MICHIGAN.MMC 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; 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 MMC. AN ADDITIONAL BUILDING ON THE MMC CAMPUS HOUSES THE BEHAVIORAL HEALTH SERVICES PROVIDING INPATIENT AND OUTPATIENT AODA AND MENTAL HEALTH CARE AND THERAPIES.MMC 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. MMC IS THE ONLY HOSPITAL LOCATED IN ASHLAND, BAYFIELD AND IRON COUNTIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Cummins Physician | 36 | $1,229,482 | |
Joseph Signorelli Physician | 24 | $699,445 | |
Mandeep Singh Psychiatrist | 40 | $645,890 | |
Dan Metcalf Physician | 40 | $642,521 | |
Jason Douglas President/ceo - Mmc | OfficerTrustee | 37 | $540,982 |
Nicholas Miller Physician | 40 | $529,813 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regional Enterprises Is/accounting/ Compliance | 9/29/21 | $4,705,481 |
Essentia Health Call Coverage/ Pro-fees/service Agreemen | 9/29/21 | $2,878,269 |
Kbk Services Construction Company | 9/29/21 | $1,460,094 |
Bwbr Architects Professional Services | 9/29/21 | $1,328,332 |
Market & Johnson Construction Company | 9/29/21 | $21,523,392 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,240,833 |
| Investment income | $977,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,979 |
| Net Gain/Loss on Asset Sales | -$366,265 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,327,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $24,103 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $978,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,013,454 |
| Pension plan accruals and contributions | $1,276,076 |
| Other employee benefits | $8,213,785 |
| Payroll taxes | $2,576,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $321,890 |
| Fees for services: Accounting | $71,317 |
| Fees for services: Lobbying | $9,154 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,664,248 |
| Advertising and promotion | $374,252 |
| Office expenses | $1,893,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,203,797 |
| Travel | $250,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,182 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,535,220 |
| Insurance | $285,338 |
| All other expenses | $0 |
| Total functional expenses | $101,628,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,324,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,686,687 |
| Loans from Officers, Directors, or Controlling Persons | $18,076 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $702,586 |
| Inventories for sale or use | $3,312,677 |
| Prepaid expenses and deferred charges | $1,460,116 |
| Investments—publicly traded securities | $65,163,055 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $763,583 |
| Other assets | $0 |
| Total assets | $199,460,507 |
| Accounts payable and accrued expenses | $12,026,963 |
| Grants payable | $0 |
| Deferred revenue | $2,274,806 |
| Tax-exempt bond liabilities | $21,829,122 |
| 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 | $19,989,580 |
| Total liabilities | $56,120,471 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $143,340,036 |
Grants Awarded
Over the last fiscal year, Memorial Medical Center Inc has awarded $65,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Ashland, WI PURPOSE: GENERAL SUPPORT | $15,000 |
Ashland, WI PURPOSE: GENERAL SUPPORT | $10,000 |
Ashland, WI PURPOSE: GENERAL SUPPORT | $10,000 |
Washburn, WI PURPOSE: GENERAL SUPPORT | $10,000 |
Marengo, WI PURPOSE: GENERAL SUPPORT | $10,000 |
TOWN OF MARENGO PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Memorial Medical Center Inc has recieved totaling $47,600.
| Awarding Organization | Amount |
|---|---|
Partners Of The Memorial Medical Center Ashland, WI PURPOSE: MEDICAL EQUIPMENT | $27,500 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $15,000 |
Partners Of The Memorial Medical Center Ashland, WI PURPOSE: SCHOLARSHIP FUND | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Regions Hospital Minneapolis, MN | $1,151,249,927 | $936,558,758 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
North Memorial Health Care Robbinsdale, MN | $764,114,547 | $789,881,568 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Munson Medical Center Traverse City, MI | $1,240,001,316 | $752,883,085 |
Edward Hospital Naperville, IL | $472,054,647 | $761,222,693 |
Swedish American Hospital Rockford, IL | $973,707,288 | $637,025,862 |