Milwaukee Regional Medical Center Inc
- Assets
- $80.6m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 56
- Location
- Milwaukee, WI
- Founding
- 02/1972
- Data as of
- 12/2022
- EIN
- 39-1150504
Organization Overview
Milwaukee Regional Medical Center Inc is located in Milwaukee, WI. The organization was established in 1972. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Milwaukee Regional Medical Center Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Regional 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 12/2022, Milwaukee Regional Medical Center Inc generated $13.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $15.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AID AND SUPPORT THE DEVELOPMENT AND PROVISION OF HEALTH SERVICES IN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"FLIGHT FOR LIFE" AIR EMERGENCY TRANSPORT SERVICES BASED IN MILWAUKEE, WI. TRANSPORTS IN 2022 TOTALED 669.
MILWAUKEE REGIONAL MEDICAL CENTER, INC. IS A VOLUNTARY CONSORTIUM OF SIX GOVERNMENTAL & PRIVATE NONPROFIT INSTITUTIONS WHICH ARE INVOLVED WITH THE DELIVERY OF HEALTH SERVICES, EDUCATION, AND RESEARCH. THESE SIX INSTITUTIONS ARE COMPRISED OF THREE CORE MEMBERS AND TWO ASSOCIATE MEMBERS. THE THREE CORE MEMBERS EACH APPOINT 2 REPRESENTATIVES TO THE BOARD WHO HAVE VOTING RIGHTS. THE ASSOCIATE MEMBERS DO NOT HAVE VOTING RIGHTS.MILWAUKEE REGIONAL MEDICAL CENTER, INC. CONDUCTS PLANNING, COORDINATING, AND DEVELOPING ACTIVITIES AND ORGANIZES AND/OR OPERATES SUCH PROGRAMS AND SERVICES TO ACHIEVE THESE PURPOSES. THE ORGANIZATION ALSO COORDINATES AND MAINTAINS CAMPUS WAYFINDING SIGNAGE, CONTRACTS FOR SNOW PLOWING AND LAWN CARE, AND LAW ENFORCEMENT SERVICES FOR THE CAMPUS.
MRMC INFRASTRUCTURE OWNS, DEVELOPS, CONSTRUCTS, IMPROVES, MAINTAINS, AND REPLACES TRANSPORTATION AND UTILITY INFRASTRUCTURE IMPROVEMENTS ON THE MRMC CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Conley Chairman | OfficerTrustee | 1 | $0 |
Margaret Troy Vice Chairman | OfficerTrustee | 1 | $0 |
Cathy Jacobson Secretary | OfficerTrustee | 1 | $0 |
Dr John Raymond Treasurer | OfficerTrustee | 1 | $0 |
Marc Cadieux Director (eff. 07/01/2022) | Trustee | 1 | $0 |
Matthew Lester Director (eff. 07/01/2022) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Integra Aviation Llc Flight Mgt, Main, & Supplies | 12/30/22 | $3,952,306 |
Us Bank Finance Services | 12/30/22 | $2,582,278 |
David J Frank Landscaping Landscape Main & Services | 12/30/22 | $1,501,062 |
Robinson Brothers Environmental Inc Asbestos Removal, Demolition, & Select D | 12/30/22 | $1,145,611 |
City Of Wauwatosa Law Enforcement Services | 12/30/22 | $1,122,746 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $705 |
| Total Program Service Revenue | $13,018,619 |
| Investment income | $251,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$76,253 |
| Net Gain/Loss on Asset Sales | $285,568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,480,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $327,773 |
| Compensation of current officers, directors, key employees. | $327,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,569,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $283,230 |
| Payroll taxes | $77,680 |
| 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 | $0 |
| Fees for services: Other | $765,068 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $438,277 |
| Travel | $175,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $915,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,035,932 |
| Insurance | $411,141 |
| All other expenses | $31,523 |
| Total functional expenses | $15,354,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,873 |
| Savings and temporary cash investments | $25,817,069 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,079,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $601,979 |
| Net Land, buildings, and equipment | $45,203,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $729,701 |
| Total assets | $80,553,758 |
| Accounts payable and accrued expenses | $6,064,397 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $47,366,695 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,551,830 |
| Unsecured mortgages and notes payable | $1,137,207 |
| Other liabilities | $883,654 |
| Total liabilities | $70,003,783 |
| Net assets without donor restrictions | $10,478,689 |
| Net assets with donor restrictions | $71,286 |
| 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 | $80,553,758 |