Mchs Hospitals Inc
- Assets
- $1.6b
- Revenue
- $1.5b
- Investments
- $0.0
- Employees
- 0
- Location
- Marshfield, WI
- Founding
- 06/2016
- Data as of
- 12/2021
- 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 12/2021, Mchs Hospitals Inc generated $1.5b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.3% each year . All expenses for the organization totaled $1.4b during the year ending 12/2021. While expenses have increased by 59.3% per year over the past 6 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
2021
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. (NEILLSVILLE)), MMC-BEAVER DAM (ACQUIRED IN MAY 2019 THROUGH ITS SUBSIDIARY BEAVER DAM COMMUNITY HOSPITALS, INC. (BDCH)), MMC-MINOCQUA (OPENED IN JUNE 2020), MMC-WESTON (ACQUIRED IN AUGUST 2020) AND MMC-PARK FALLS (ACQUIRED IN AUGUST 2020).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Board Chief Admin Officer Mmc | 50 | $492,585 | |
William Priest Chief Admin Officer Mmc-Eau Claire | 50 | $349,676 | |
Ty Erickson Chief Admin Officer Mmc-Minocqua | 50 | $329,642 | |
Ryan Neville Chief Admin Officer Mmc-Weston | 50 | $321,994 | |
Mark Bugher Chair | OfficerTrustee | 1 | $0 |
Ruwan Dissanayake MD Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,197,937 |
| Government grants | $28,369,766 |
| 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 | $29,567,703 |
| Total Program Service Revenue | $1,473,553,963 |
| Investment income | $139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $491,503 |
| Net Gain/Loss on Asset Sales | -$41,811 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,503,791,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $266,168 |
| 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 | $538,509,072 |
| Pension plan accruals and contributions | $25,839,072 |
| Other employee benefits | $64,749,184 |
| Payroll taxes | $27,705,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,200 |
| 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 | $59,751,406 |
| Advertising and promotion | $16,606 |
| Office expenses | $4,420,309 |
| Information technology | $1,355,648 |
| Royalties | $0 |
| Occupancy | $28,088,865 |
| Travel | $758,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,344,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,268,743 |
| Insurance | $90,350 |
| All other expenses | $21,640,490 |
| Total functional expenses | $1,413,097,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$12,100,783 |
| Savings and temporary cash investments | $32,609,392 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $769,386,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,253,100 |
| Prepaid expenses and deferred charges | $1,499,809 |
| Net Land, buildings, and equipment | $472,985,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $159,054,301 |
| Intangible assets | $119,975,774 |
| Other assets | $3,234,007 |
| Total assets | $1,593,897,920 |
| Accounts payable and accrued expenses | $51,816,234 |
| Grants payable | $0 |
| Deferred revenue | $35,713,895 |
| Tax-exempt bond liabilities | $869,085,416 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $728,160 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,309,302 |
| Total liabilities | $972,653,007 |
| Net assets without donor restrictions | $621,244,913 |
| 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 | $1,593,897,920 |
Grants Awarded
Over the last fiscal year, Mchs Hospitals Inc has awarded $260,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Beaver Dam, WI PURPOSE: COMMUNITY INITIATIVES | $250,000 |
Medford, WI PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mchs Hospitals Inc has recieved totaling $1,433,707.
| Awarding Organization | Amount |
|---|---|
Marshfield Clinic Health System Foundation Inc Marshfield, WI PURPOSE: GENERAL SUPPORT | $1,433,707 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Henry Ford Macomb Hospital Corporation Detroit, MI | $546,856,756 | $653,565,323 |
Genesis Health System Davenport, IA | $929,416,357 | $534,820,030 |
Thedacare Inc Appleton, WI | $691,025,693 | $439,639,874 |
Carle Bromenn Medical Center Urbana, IL | $59,991,964 | $210,828,397 |
Prohealth Medical Group Inc Waukesha, WI | $120,412,770 | $177,161,425 |
Adventist Bolingbrook Hospital Bolingbrook, IL | $157,968,235 | $216,065,202 |
Cuyuna Regional Medical Center Crosby, MN | $120,942,776 | $179,682,328 |
Anderson Hospital Maryville, IL | $272,917,881 | $168,176,168 |
Rush Oak Park Hospital Inc Oak Park, IL | $188,225,720 | $174,464,382 |
Avera Marshall Marshall, MN | $102,725,540 | $115,156,245 |
St Croix Regional Medical Center St Croix Falls, WI | $114,134,286 | $138,569,905 |
Munson Healthcare Cadillac Traverse City, MI | $113,351,457 | $123,901,366 |