Meriter Health Services Inc
- Assets
- $754.8m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Madison, WI
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 39-1412318
Organization Overview
Meriter Health Services Inc is located in Madison, WI. The organization was established in 1982. 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, Meriter Health Services Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meriter Health Services 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 12/2021, Meriter Health Services Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 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 2014, Meriter Health Services Inc has awarded 86 individual grants totaling $1,193,154. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HEAL THIS DAY, TEACH FOR TOMORROW, EMBRACE EXCELLENCE ALWAYS, SERVE OUR COMMUNITIES FOR A LIFETIME OF QUALITY HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERITER HEALTH SERVICES, INC. IS AN INNOVATIVE, NOT-FOR-PROFIT COMPREHENSIVE HEALTH CARE ORGANIZATION WHOSE VISION IS TO PROVIDE THE BEST TOTAL HEALTHCARE EXPERIENCE TO EVERYONE WE SERVE. ONE OF THE LARGEST PRIVATE EMPLOYERS, MERITER IS THE ONLY MADISON, WISCONSIN HEALTH CARE PROVIDER GOVERNED BY A COMMUNITY BOARD OF LOCAL BUSINESS, MEDICAL AND CIVIC LEADERS. MERITER HEALTH SERVICES, INC. IS KNOWN FOR ITS WILLINGNESS TO COLLABORATE WITH OTHER HEALTH CARE PARTNERS TO ADDRESS THE HEALTH CARE NEEDS OF THE COMMUNITY. MERITER HEALTH SERVICES, INC. PROVIDES STRATEGIC SUPPORT OF MERITER HOSPITAL, INC., MERITER MEDICAL GROUP, INC., MERITER HOME HEALTH, AND MERITER LABS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ashley Board Member | Trustee | 1 | $0 |
Rukmini Banerjee Board Member | Trustee | 1 | $0 |
Kathy Blumenfeld To 122 Board Member | Trustee | 1 | $0 |
Alison Craig-Shashko MD Board Member | Trustee | 1 | $0 |
Sue Erickson To 622 Board Member/ceo/asst Treas | OfficerTrustee | 15 | $438,686 |
Virginia Graves Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo Insurance Services Usa Inc Insurance | 12/30/14 | $400,000 |
Quarles And Brady Llp Legal | 12/30/14 | $130,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $630,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,578,617 |
| Statement of Expenses | |
|---|---|
| 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. | $2,779,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $683,084 |
| Pension plan accruals and contributions | -$104,397 |
| Other employee benefits | $169,623 |
| Payroll taxes | $101,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,092 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,298 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,447 |
| Travel | $184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $136,527 |
| All other expenses | $0 |
| Total functional expenses | $4,356,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $740,574 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $754,103,254 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $754,843,828 |
| Accounts payable and accrued expenses | $1,098,440 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $1,451,549 |
| Total liabilities | $2,549,989 |
| Net assets without donor restrictions | $745,809,262 |
| Net assets with donor restrictions | $6,484,577 |
| 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 | $752,293,839 |
Grants Awarded
Over the last fiscal year, Meriter Health Services Inc has awarded $198,700 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: PROGRAM SUPPORT | $30,000 |
BAYVIEW FOUNDATION PURPOSE: PROGRAM SUPPORT | $11,200 |
FOUNDATION FOR BLACK WOMENS WELLNESS PURPOSE: PROGRAM SUPPORT | $30,000 |
MADISON REGION ECONOMIC PARTNERSHIP PURPOSE: PROGRAM SUPPORT | $20,000 |
NEIGHBORHOOD CONNECTORS INC-MEADOWHOOD HEALTH PARTNERSHIP PURPOSE: PROGRAM SUPPORT | $10,000 |
RONALD MCDONALD HOUSE PURPOSE: PROGRAM SUPPORT | $7,500 |