Marshfield Clinic Inc
- Assets
- $1.1b
- Revenue
- $852.3m
- Investments
- $160.0m
- Employees
- 961
- Location
- Marshfield, WI
- Founding
- 10/1987
- Data as of
- 09/2020
- 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 12/2021, Marshfield Clinic employed 961 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 09/2020, Marshfield Clinic generated $852.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $918.2m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivekananda Gonugunta MD Physician | 50 | $1,809,593 | |
Adedayo Onitilo MD Physician | 50 | $1,391,524 | |
Zahir Rashid MD Physician | 50 | $1,294,892 | |
David Simenstad MD Physician | 50 | $1,108,144 | |
Sanjay Kumar MD Physician | 50 | $1,037,447 | |
John Neal MD Treasurer | OfficerTrustee | 52 | $821,556 |
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 |
Deloitte Touche Llp Professional Svcs | 9/29/18 | $225,000 |
Huron Consulting Group Inc Professional Svcs | 9/29/18 | $235,771 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,806,404 |
| Investment income | $5,184,253 |
| Tax Exempt Bond Proceeds | $443,947 |
| Royalties | $0 |
| Net Rental Income | -$29,900 |
| Net Gain/Loss on Asset Sales | $48,238,346 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $852,264,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,896,168 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,285,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,356,528 |
| Pension plan accruals and contributions | $13,873,388 |
| Other employee benefits | $34,082,550 |
| Payroll taxes | $14,107,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,732 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $399,293 |
| Fees for services: Other | $4,513,232 |
| Advertising and promotion | $374,410 |
| Office expenses | $7,628,544 |
| Information technology | $3,661,505 |
| Royalties | $0 |
| Occupancy | $8,498,017 |
| Travel | $1,210,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $240,945 |
| Interest | $14,166,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,517,576 |
| Insurance | $1,859,137 |
| All other expenses | $0 |
| Total functional expenses | $918,208,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,485,704 |
| Savings and temporary cash investments | $9,320,503 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,577,651 |
| Inventories for sale or use | $26,435,197 |
| Prepaid expenses and deferred charges | $2,286,901 |
| Investments—publicly traded securities | $208,143,905 |
| Investments—other securities | $160,034,011 |
| Investments—program-related | $4,450,045 |
| Intangible assets | $428,191 |
| Other assets | $3,811,751 |
| Total assets | $1,051,547,723 |
| Accounts payable and accrued expenses | $500,900,992 |
| Grants payable | $0 |
| Deferred revenue | $13,518,239 |
| Tax-exempt bond liabilities | $339,678,950 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,653,268 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,528,993 |
| Total liabilities | $940,280,442 |
| 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 | $111,267,281 |
Grants Awarded
Over the last fiscal year, Marshfield Clinic Inc has awarded $139,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Marshfield, WI PURPOSE: GENERAL SUPPORT | $94,000 |
CITY OF EAU CLAIRE - AMBULANCE SERVICE PURPOSE: GENERAL SUPPORT | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Marshfield Clinic Inc has recieved totaling $3,979,776.
| Awarding Organization | Amount |
|---|---|
Marshfield Clinic Health System Foundation Inc Marshfield, WI PURPOSE: GENERAL SUPPORT | $3,304,100 |
Kaiser Foundation Health Plan Of Washington Oakland, CA PURPOSE: Research Subrecipient | $300,826 |
Midwest Athletes Against Childhood Cancer Inc Milwaukee, WI PURPOSE: RESEARCH | $125,000 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CF CARE CENTER | $66,720 |
Intuitive Foundation Sunnyvale, CA PURPOSE: A PHASE III RANDOMIZED CONTROLLED TRIAL ASSESSING THE VALUE OF NEAR-INFRARED FLUORESCENCE IMAGING USING INDOCYANINE GREEN IN DECREASING THE LEAKAGE RATE OF COLORECTAL ANASTOMOSES. | $53,300 |
Marshfield Area United Way Marshfield, WI PURPOSE: ALLOCATION FOR THE PROVISION OF SOCIAL SERVICES | $44,030 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Plan Of Michigan Okemos, MI | $855,270,608 | $992,190,042 |
Marshfield Clinic Inc Marshfield, WI | $1,051,547,723 | $852,264,236 |
University Of Minnesota Physicians Minneapolis, MN | $265,968,943 | $719,799,425 |
Iowa Physicians Clinic Medical Foundation West Des Moines, IA | $320,758,899 | $618,540,831 |
Iha Health Services Corporation Ann Arbor, MI | $279,537,655 | $382,891,181 |
Froedtert & The Medical College Of Wisconsin Community Physicians Inc Menomonee Falls, WI | $114,223,904 | $318,922,551 |
Mercy Clinics Inc Des Moines, IA | $121,182,603 | $228,858,488 |
Physicians Health Network Lansing, MI | $1,822,839 | $132,857,107 |
Southern Illinois Medical Services Nfp Carbondale, IL | $54,851,168 | $86,612,938 |
Msu Health Care Inc Lansing, MI | $36,553,428 | $115,734,137 |
Mclaren Medical Group Flint, MI | $116,247,152 | $95,809,958 |
Ascension Medical Group-Northern Wisconsin Inc Wausau, WI | $32,980,422 | $54,059,880 |