Marshfield Clinic Inc
- Assets
- $840.1m
- Revenue
- $670.0m
- Investments
- $160.1m
- Employees
- 1,381
- Location
- Marshfield, WI
- Founding
- 10/1987
- Data as of
- 12/2022
- EIN
- 39-0452970
Organization Overview
Marshfield Clinic Inc, operating under the name Marshfield Clinic, is located in Marshfield, WI. The organization was established in 1987. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Marshfield Clinic employed 1,381 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshfield Clinic 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 12/2022, Marshfield Clinic generated $670.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $674.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marshfield Clinic has awarded 73 individual grants totaling $41,140,111. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.
Describe the Organization's Program Activity:
MARSHFIELD CLINIC, INC., FOUNDED IN 1916, IS A NOT-FOR-PROFIT GROUP MEDICAL PRACTICE ENGAGED IN PROVIDING HEALTHCARE, HEALTHCARE EDUCATION, MEDICAL RESEARCH, AND COMMUNITY SERVICE. MARSHFIELD CLINIC RESEARCH INSTITUTE, A DIVISION OF MARSHFIELD CLINIC, ENGAGES IN MEDICAL AND SCIENTIFIC RESEARCH AND THE PROMOTION OF PUBLIC HEALTH, MEDICAL EDUCATION, AND COMMUNITY SERVICE.
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 |
|---|---|---|---|
Alpa Shah MD Chair | OfficerTrustee | 38 | $271,028 |
Edward Fernandez MD Vice Chair | OfficerTrustee | 53 | $521,898 |
Kent Ray DO Secretary | OfficerTrustee | 53 | $342,369 |
John Neal MD Treasurer | OfficerTrustee | 52 | $633,747 |
Sumithra Tirunagaram MD Board Member | Trustee | 52 | $717,420 |
Timothy Wengert MD Board Member - Part Year | Trustee | 52 | $314,405 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kpmg Llp Professional Svcs | 9/29/18 | $267,084 |
Sightpath Medical Llc Medical Svcs | 9/29/18 | $352,016 |
Strata Decision Technology Llc Professional Svcs | 9/29/18 | $247,477 |
Huron Consulting Group Inc Professional Svcs | 9/29/18 | $235,771 |
Deloitte Touche Llp Professional Svcs | 9/29/18 | $225,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,843,667 |
| Government grants | $53,490,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,333,847 |
| Total Program Service Revenue | $597,264,485 |
| Investment income | $6,830,452 |
| Tax Exempt Bond Proceeds | $354,054 |
| Royalties | $0 |
| Net Rental Income | -$39,897 |
| Net Gain/Loss on Asset Sales | $8,300,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,043,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,973,495 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,871,921 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $364,743,201 |
| Pension plan accruals and contributions | $7,125,254 |
| Other employee benefits | $18,892,519 |
| Payroll taxes | $8,109,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $623,872 |
| Fees for services: Other | $23,294,320 |
| Advertising and promotion | $364,335 |
| Office expenses | $5,856,573 |
| Information technology | $647,168 |
| Royalties | $0 |
| Occupancy | $3,445,748 |
| Travel | $783,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,485 |
| Interest | $12,757,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,986,891 |
| Insurance | $859,585 |
| All other expenses | $268,952 |
| Total functional expenses | $674,567,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,630,771 |
| Savings and temporary cash investments | $9,344,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,524,834 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,894,645 |
| Inventories for sale or use | $14,988,705 |
| Prepaid expenses and deferred charges | $1,094,467 |
| Net Land, buildings, and equipment | $283,093,829 |
| Investments—publicly traded securities | $208,325,603 |
| Investments—other securities | $160,084,297 |
| Investments—program-related | $96,117,989 |
| Intangible assets | $370,691 |
| Other assets | $1,613,017 |
| Total assets | $840,083,001 |
| Accounts payable and accrued expenses | $294,478,175 |
| Grants payable | $0 |
| Deferred revenue | $160,949 |
| Tax-exempt bond liabilities | $323,165,819 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,451 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,464,388 |
| Total liabilities | $713,294,782 |
| Net assets without donor restrictions | $125,698,183 |
| Net assets with donor restrictions | $1,090,036 |
| 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 | $840,083,001 |
Grants Awarded
Over the last fiscal year, Marshfield Clinic Inc has awarded $139,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY HEALTH CENTER OF MARSHFIELD INC PURPOSE: GENERAL SUPPORT | $94,000 |
CITY OF EAU CLAIRE - AMBULANCE SERVICE PURPOSE: GENERAL SUPPORT | $45,000 |