Mchs Hospitals Inc
- Assets
- $2.9b
- Revenue
- $1.4b
- Investments
- $0.0
- Employees
- 0
- Location
- Marshfield, WI
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 81-0977948
Organization Overview
Mchs Hospitals Inc is located in Marshfield, WI. The organization was established in 2016. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mchs Hospitals 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, Mchs Hospitals Inc generated $1.4b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.5% each year . All expenses for the organization totaled $1.7b during the year ending 12/2022. While expenses have increased by 52.8% 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 2020, Mchs Hospitals Inc has awarded 11 individual grants totaling $2,333,442. 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
2022
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
MCHS HOSPITALS, INC. (MCHSH), INCORPORATED IN DECEMBER 2015 AS A NONPROFIT, NONSTOCK CORPORATION WHICH OWNS AND OPERATES THE FOLLOWING ACUTE CARE FACILITIES IN WISCONSIN EITHER DIRECTLY OR THROUGH WHOLLY OWNED SUBSIDIARIES: MARSHFIELD MEDICAL CENTER (MMC) (ACQUIRED IN JULY 2017), MMC-RICE LAKE (THROUGH ITS SUBSIDIARY LAKEVIEW MEDICAL CENTER), MMC-EAU CLAIRE (OPENED IN JULY 2018), MMC-LADYSMITH (ACQUIRED IN SEPTEMBER 2018), MMC-NEILLSVILLE (ACQUIRED IN DECEMBER 2018 THROUGH ITS SUBSIDIARY MEMORIAL HOSPITAL, INC.), MMC-BEAVER DAM (ACQUIRED IN MAY 2019 THROUGH ITS SUBSIDIARY BEAVER DAM COMMUNITY HOSPITALS, INC. (BDCH)), MMC-MINOCQUA (OPENED IN JUNE 2020), CONTINUED ON SCHEDULE OMMC-WESTON (ACQUIRED IN AUGUST 2020), MMC-PARK FALLS (ACQUIRED IN AUGUST 2020 THROUGH ITS SUBSIDIARY FLAMBEAU HOSPITAL, INC.), MMC-DICKINSON (ACQUIRED IN FEBRUARY 2022 THROUGH ITS SUBSIDIARY DICKINSON COUNTY HEALTHCARE SYSTEM) AND MMC-RIVER REGION (OPENED IN MAY 2022).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bugher Chair | OfficerTrustee | 1 | $0 |
Mark Bradley Vice Chair | OfficerTrustee | 1 | $0 |
Ruwan Dissanayake MD Secretary | OfficerTrustee | 1 | $0 |
John Baltus Treasurer | OfficerTrustee | 1 | $0 |
Doug Mathison Board Member | Trustee | 1 | $0 |
Susan Turney MD Board Member/mchs CEO | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,511,706 |
| Government grants | $4,689,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,201,137 |
| Total Program Service Revenue | $1,348,342,854 |
| Investment income | $2,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $554,572 |
| Net Gain/Loss on Asset Sales | $92,845 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,373,193,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $983,601 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $693,188,454 |
| Pension plan accruals and contributions | $31,360,886 |
| Other employee benefits | $77,272,880 |
| Payroll taxes | $34,084,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,991 |
| 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 | $85,404,878 |
| Advertising and promotion | $55,890 |
| Office expenses | $4,891,445 |
| Information technology | $1,819,025 |
| Royalties | $0 |
| Occupancy | $28,787,250 |
| Travel | $1,717,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,450 |
| Interest | $27,655,634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,083,333 |
| Insurance | $0 |
| All other expenses | $30,194,380 |
| Total functional expenses | $1,680,564,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$16,993,008 |
| Savings and temporary cash investments | $18,041,287 |
| Pledges and grants receivable | $1,168,350 |
| Accounts receivable, net | $2,242,342,481 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,523,808 |
| Prepaid expenses and deferred charges | $1,828,031 |
| Net Land, buildings, and equipment | $605,103,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $29,425,991 |
| Intangible assets | $4,970,327 |
| Other assets | $3,275,953 |
| Total assets | $2,934,686,508 |
| Accounts payable and accrued expenses | $39,272,187 |
| Grants payable | $0 |
| Deferred revenue | $517,364 |
| Tax-exempt bond liabilities | $790,153,921 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $145,180,148 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,875,164 |
| Total liabilities | $990,998,784 |
| Net assets without donor restrictions | $1,943,687,724 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,934,686,508 |
Grants Awarded
Over the last fiscal year, Mchs Hospitals Inc has awarded $963,974 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BEAVER DAM COMMUNITY HOSPITALS FOUNDATION INC PURPOSE: COMMUNITY INITIATIVES | $500,000 |
RUSK COUNTY COMMUNITY FOUNDATION PURPOSE: COMMUNITY INITIATIVES | $241,474 |
DICKINSON HOSPITALS FOUNDATION PURPOSE: COMMUNITY INITIATIVES | $200,000 |
MARSHFIELD YOUTH SOCCER ASSOCIATION PURPOSE: GENERAL SUPPORT | $15,000 |
CHIPPEWA VALLEY TECHNICAL COLLEGE PURPOSE: GENERAL SUPPORT | $7,500 |