Madison Healthcare Services
- Assets
- $44.8m
- Revenue
- $20.7m
- Investments
- $1.6m
- Employees
- 208
- Location
- Madison, MN
- Founding
- 11/1961
- Data as of
- 09/2023
- EIN
- 41-0706115
Organization Overview
Madison Healthcare Services is located in Madison, MN. The organization was established in 1961. 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 09/2023, Madison Healthcare Services employed 208 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Madison Healthcare Services 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 09/2023, Madison Healthcare Services generated $20.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $20.9m during the year ending 09/2023. While expenses have increased by 3.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE COMMIT TO ENRICH THE LIVES OF EVERYONE WE SERVE, GUIDED BY OUR CHRISTIAN HERITAGE AND VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADISON HOSPITAL IS A 12-BED HOSPITAL, WHICH PROVIDES SERVICE TO THE COMMUNITY IN THE AREA OF ACUTE INPATIENT CARE AND SKILLED SWING BED REHABILITATION THE ORGANIZATION ALSO PROVIDES SOCIAL SERVICES BY PROVIDING EMOTIONAL, SOCIAL, AND ECONMOIC SUPPORT/REFERRAL TO RESIDENTS AND FAMILIES, PEDIATRICS, SURGERY, EMERGENCY CARE, CARDIAC REHAB, OUTPATIENT, OUTREACH AND INPATIENT CARE. THE HOSPITAL HAD 14,139 OUTPATIENT VISITS AND 738 MED/SURGERY AND SSB DAYS. THE ORGANIZATION MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY AND EQUIVALENT SERVICE STATISTICS. THE AMOUNT OF CHARGES FOREGONE, BASED ON ESTABLISHED RATES, WAS $5,707 FOR THE YEAR ENDED SEPTEMBER 30, 2023.
MADISON LUTHERAN HOME IS A 51 BED SKILLED NURSING FACILITY. IT WAS ORIGINALLY CONSTRUCTED IN 1952 AND OVER THE YEARS IT HAS CONTINUALLY BEEN ADDED ONTO. THE ENTIRE FACILITY ONCE WAS A 176 BED FACILITY, BUT WAS DOWNSIZED TO 80 BEDS IN ORDER TO ACCOMMODATE MORE SINGLE ROOMS FOR RESIDENTS. DUE TO STAFFING SHORTAGES THE FACILITY WAS REDUCED TO 65 BEDS IN MAY 2015. IN JULY 2019, LICENSED BEDS WERE REDUCED FROM 65 TO 56 TO RESIZE TO AVERAGE OCCUPANCY AND STAFFING SHORTAGES. RESIDENTS MOVED INTO A NEWLY BUILT WING ON AUGUST 18, 2021 TO PROVIDE A MORE HOME LIKE ATMOSPHERE. A NEW CHAPEL, BEAUTY SHOP, ENTRY AND BISTRO WAS COMPLETED IN 2022. ALSO, MADISON LUTHERAN HOME UNDERWENT A MAJOR RENOVATION THAT STARTED IN 2019 AND FINISHED IN 2022. THE NURSING HOME PROVIDES QUALITY CARE OF THE RESIDENTS TO ACHIEVE THEIR HIGHEST LEVEL OF FUNCTION AND PROVIDING A MORE HOME-LIKE ATMOSPHERE. NURSING HOME OCCUPANCY AT SEPTEMBER 30, 2023 WAS 41 RESIDENTS.
THE MEDICAL STAFF AT THE CLINIC CONSISTS OF THREE M.D.'S , TWO PA-C'S, AND TWO NURSE PRACTIONERS AVAILABLE 5-DAYS-A-WEEK AND HALF ON SATURDAY. THE CLINIC WORKS WITH THE NURSING STAFF TO PROVIDE QUALITY CARE TO ITS PATIENTS. ATTACHED DIRECTLY TO THE MADISON HOSPITAL, THE CLINIC HAS EASY ACCESS TO MEDICAL SERVICES SUCH AS LAB, X-RAY, PHARMACY, AND OTHER DIAGNOSTIC SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Zimmerman Chairman | OfficerTrustee | 1 | $0 |
Karin Moen Secretary | OfficerTrustee | 1 | $0 |
Bart Hill Director | Trustee | 1 | $0 |
Scott Omland Director | Trustee | 1 | $0 |
David Hall Director | Trustee | 1 | $0 |
Jeanene Munsterman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Karekrest Llc Agency Staffing Nursing | 9/29/23 | $664,166 |
Centracare Health Emr Software Support/licensing/etc. | 9/29/23 | $383,199 |
Central Minnesota Diagnostics Contract Ct And Ultrasound | 9/29/23 | $315,173 |
Big Stone Therapies Contract Therapy Services | 9/29/23 | $1,040,215 |
Medical Solutions Agency Staffing Nursing | 9/29/23 | $246,194 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,358 |
| Related organizations | $0 |
| Government grants | $1,220,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,335,292 |
| Total Program Service Revenue | $18,611,979 |
| Investment income | $467,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $206,695 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,165 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,734,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,017 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $407,956 |
| Compensation of current officers, directors, key employees. | $407,956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,607,764 |
| Pension plan accruals and contributions | $161,783 |
| Other employee benefits | $1,485,386 |
| Payroll taxes | $1,000,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,139 |
| Fees for services: Accounting | $108,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,149,159 |
| Advertising and promotion | $62,402 |
| Office expenses | $123,109 |
| Information technology | $421,680 |
| Royalties | $0 |
| Occupancy | $333,383 |
| Travel | $18,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $314,381 |
| Interest | $229,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,494,195 |
| Insurance | $120,744 |
| All other expenses | $198,307 |
| Total functional expenses | $20,919,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,037,060 |
| Savings and temporary cash investments | $2,695,282 |
| Pledges and grants receivable | $24,000 |
| Accounts receivable, net | $1,919,378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $282,163 |
| Prepaid expenses and deferred charges | $167,218 |
| Net Land, buildings, and equipment | $24,555,039 |
| Investments—publicly traded securities | $10,225,860 |
| Investments—other securities | $1,580,032 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,314,747 |
| Total assets | $44,800,779 |
| Accounts payable and accrued expenses | $1,283,946 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,596,573 |
| Escrow or custodial account liability | $9,603 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $542,604 |
| Other liabilities | $267,146 |
| Total liabilities | $13,699,872 |
| Net assets without donor restrictions | $30,992,644 |
| Net assets with donor restrictions | $108,263 |
| 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 | $44,800,779 |