The Howard Young Medical Center Inc

Organization Overview

The Howard Young Medical Center Inc is located in Wausau, WI. The organization was established in 1955. 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 06/2021, Howard Young Medical Center Inc employed 283 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Howard Young 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 06/2021, Howard Young Medical Center Inc generated $31.7m 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 (9.8%) each year. All expenses for the organization totaled $44.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES WE SERVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HOWARD YOUNG MEDICAL CENTER, INC. IS A 42-BED HOSPITAL CAMPUS PROVIDING SERVICES WITHOUT REGARD TO PATIENT RACE, CREED, NATIONAL ORIGIN, ECONOMIC STATUS, OR ABILITY TO PAY. DURING FISCAL YEAR 2021, THE HOWARD YOUNG MEDICAL CENTER, INC. TREATED 1,012 ADULTS AND CHILDREN FOR A TOTAL OF 4,249 PATIENT DAYS OF SERVICE. THE HOSPITAL ALSO PROVIDED SERVICES FOR 31,543 OUTPATIENT VISITS, WHICH INCLUDED 404 OUTPATIENT SURGERIES AND 6,431 EMERGENCY ROOM VISITS. SEE SCHEDULE H FOR A NON-EXHAUSTIVE LIST OF COMMUNITY BENEFIT PROGRAMS AND DESCRIPTIONS. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY21.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former Key Employee (end 7/2016)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Marshfield Clinic
Physician Services
$948,205
Rose Paving Llc
Paving Services
$301,959
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $98,172
All other contributions, gifts, grants, and similar amounts not included above$1,538,224
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,636,396
Total Program Service Revenue$29,571,874
Investment income $16,522
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $349,525
Net Gain/Loss on Asset Sales -$25,596
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $31,671,206

Grants Awarded

Over the last fiscal year, The Howard Young Medical Center Inc has awarded $487,362 in support to 2 organizations.

Grant RecipientAmount

LAKELAND RETIREMENT FOUNDATION LTD

Org PageRecipient Profile

Woodruff, WI

PURPOSE: SPACE TO CONSTRUCT COMMUNITY CENTER

$468,362

DR KATE NEWCOMB MUSEUM WOODROOF HISTORICAL SOCIETY AND LIBRARY LTD

Org PageRecipient Profile

Woodruff, WI

PURPOSE: SPONSORSHIP

$19,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Howard Young Medical Center Inc has recieved totaling $328,684.

Awarding OrganizationAmount
Howard Young Foundation Inc

Minocqua, WI

PURPOSE: PATIENT SERVICES

$328,684
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$49,930,019
Earnings$15,137,220
Admin Expense$308,816
Other Expense$2,393,442
Ending Balance$62,364,981

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