Mayo Clinic
88% goes to programs $0 to raise $100
Mayo Clinic is a 501(c)(3) organization based in Rochester, Minnesota, registered in 2014, with $76,307,155 in FY2014 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
Po Box 4007, Rochester, MN, 55903 EIN 41-0760836 Since 2014
Revenue (FY2014)
$76.3M
▼ 7.3% vs prior year
Health median: $840K
Expenses (FY2014)
$76.2M
Net assets
$20.2M
Employees
714
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mayo Clinic: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mayo Clinic: 3 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mayo Clinic: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mayo Clinic: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Hospital, nursing home, and clinics
What they do
Medical educaton (see schedule o)medical education:mayo clinic health system - fairmont (mchs-fairmont) provides clinical experience to students of iowa lakes community college, minnesota west community college, south central college, riverland community college, and presentation college.mchs - fairmont provided $2,350 in scholarships to local community students pursuing a health-related career.mchs - fairmont offers numerous educational seminars, classes and opportunities for its patients, their families, employees, community members, and the general public. the following is a sampling of the events that were offered in 2014: parenting classes, family fun fair, martin county fair, cancer support groups,"speaking of" health broadcast, on campus presentations, and hometown health newsletter mailings.
Community contributions (see schedule o)community contributions:mayo clinic health system - fairmont (mchs-fairmont) offered blood pressure screenings and flu immunizations to the community.mchs-fairmont also offers lifeline (an easy-to-use personal response service) to ensure that older adults living at home can get quick assistance whenever it may be needed - 24 hours a day, 365 days a year.mchs-fairmont provided financial support to the fairmont chamber of commerce, lakeview health services and other local charites/events. total donations in 2014 were $11,708.in 2014, mchs-fairmont received donated services from 104 volunteers, who provided 8,323 volunteer hours, valued at approximately $192,000 based on the independent sector's average estimated hourly value of such service.
Contact & location
- Address
- Po Box 4007, Rochester, MN, 55903
- City
- Rochester
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $82.3M (FY2013) to $76.3M (FY2014) across 2 reported years.
Financial snapshot
Financial health & position (FY2014)
Liabilities $19.5MNet assets $20.2M
Operating margin
0.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$39.7M
Total liabilities
$19.5M
Net assets
$20.2M
Salaries & benefits
$38.6M
51% of expenses
Board members
8
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2014 | $76,307,155▼7.3% | $76,165,056▼11.2% | $20,157,201▲0.7% | $39,674,230▲7.7% | 990 |
| 2013 | $82,298,093 | $85,804,336▲1.8% | $20,019,015▼14.9% | $36,823,577▼5.2% | 990 |
| 2012 | — | $84,264,384▲5.3% | $23,525,258▼6.8% | $38,852,778▼7.3% | 990 |
| 2011 | — | $80,023,774▲0.1% | $25,240,037▼8.0% | $41,921,968▼10.1% | 990 |
| 2010 | — | $79,979,111 | $27,423,147 | $46,623,017 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2014)
Highest-paid: Szutz Md Timothy J — $665,838 (0.87% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Szutz Md Timothy J | Physician | 40 | $665,838 |
| Masterson Md Clinton J | Physician | 40 | $643,237 |
| Berthelsen Md Stephen O | Physician | 40 | $642,990 |
| Rodriguez Md Rufus R | Physician/chief of Staff | 40 | $639,667 |
| Hodges Md Leroy W | Physician | 40 | $575,447 |
| Morris Md Marie E | Director/chair/physician | 40 | $363,918 |
| Hansen Gayle B | Chief Operating Officer | 40 | $321,826 |
| Green Md Jeffrey P | Director/vice Chair/physician | 40 | $246,816 |
| Bartingale Robert F | Site Administrator | 40 | $222,184 |
| Suter Brian E | Former Interim Cao | 40 | $187,591 |
| Frederick Ryannon K | Former Key Employee | 40 | $175,266 |
| Brolsma Greg | Director | 1 | — |
| Gaalswyk Mark | Director | 1 | — |
| Grace Richard W | Region Cao | 1 | — |
| Hagedorn Md Steven D | Former Vice Chair | 0 | — |
| Koch Mark B | Assistant Secretary | 1 | — |
| Kowal Do Gerald K | Director | 1 | — |
| Kutcher Md Gregory R | Dir/pres/region Ceo | 1 | — |
| Lardytraci | Director | 1 | — |
| Struck Allen W | Director/secy/treas | 1 | — |
Top vendors & contractors (FY2014)
| Contractor | Services | Paid |
|---|---|---|
| Mayo Foundation For Medical Education An | Procurement and Support Services | $1,905,041 |
| Weatherby Locums Inc | Locum Physicians | $755,803 |
| Nineline Inc | Locum Physicians | $660,548 |
| Mayo Clinic | Medical & Admin Services | $507,882 |
| Sodexo Inc | Nutrition Services | $264,242 |
Grants received · $49.7M total
15 grants to Mayo Clinic totaling $49.7M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mayo Clinic | Support charitable programs | 2024 | $87,320 |
| Mayo Clinic | Support charitable programs | 2023 | $1,219,954 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $10,500 |
| Mayo Clinic | Support charitable programs | 2022 | $2,034,091 |
| Mayo Clinic | Support charitable programs | 2021 | $68,291 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $5,500 |
| Mayo Clinic | Support charitable programs | 2020 | $10,535,956 |
| Mayo Clinic Group Return | Support charitable programs | 2019 | $33,756,392 |
| Mayo Clinic | Support charitable programs | 2019 | $927,923 |
| Mayo Clinic | Support charitable programs | 2018 | $150,185 |
| Mayo Clinic | Support charitable programs | 2017 | $211,509 |
| Mayo Clinic | Support charitable programs | 2016 | $286,887 |
| Mayo Clinic | Support charitable programs | 2015 | $78,548 |
| American Heart Association Inc | Emergency equipment upgrade | 2015 | $24,000 |
| Mayo Clinic | Support charitable programs | 2014 | $323,721 |
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Frequently asked questions
- Is Mayo Clinic a legitimate nonprofit?
- Yes. Mayo Clinic is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-0760836, based in Rochester, Minnesota. Donations are tax-deductible.
- What is Mayo Clinic's EIN?
- Mayo Clinic's Employer Identification Number (EIN) is 41-0760836.
- How much revenue does Mayo Clinic report?
- Mayo Clinic reported $76,307,155 in total revenue on its fiscal year 2014 IRS Form 990 filing.
- How much of Mayo Clinic's spending goes to programs?
- Mayo Clinic spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mayo Clinic have?
- CharityIndex grades Mayo Clinic A, based on program efficiency and fundraising cost.
- How much does Mayo Clinic's highest-paid employee make?
- The highest reported compensation on Mayo Clinic's latest Form 990 is $665,838, paid to Szutz Md Timothy J (Physician).
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Data for Mayo Clinic (EIN 41-0760836) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.