Mayo Clinic
84% goes to programs $3 to raise $100 Strong reserves
Mayo Clinic is a 501(c)(3) organization based in Rochester, Minnesota, registered in 2014, with $313,497,491 in FY2015 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
Po Box 4007, Rochester, MN, 55903 EIN 41-1404075 Since 2014
Revenue (FY2015)
$313.5M
▲ 9.3% vs prior year
Health median: $840K
Expenses (FY2015)
$310.9M
Net assets
$312.9M
Employees
4,427
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 rating84% to programs · $3 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: 84% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +1% 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: 12 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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: 5 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
Hospitals and clinics
What they do
Community support (see schedule 0):community support: there are numerous health and wellness education programs, classes and support groups provided to the community throughout the year. these classes/support groups include childbirth education, prenatal breastfeeding education classes, bereavement education support series, cancer support group, diabetes support group, ostomy support group, chemical dependency relapse support group, tobacco cessation services, sports screenings, individual sports conditioning and sports injury evaluations, all at no charge.mchs-al/au's patient education center provides free blood pressure checks and health resources for the community. 1,560 blood pressure checks were provided in 2015. located within the front corridor, the center's library area includes easy access for community members to health education and wellness information via staff, brochures, dvds, and use of four public computers. in 2015, 4,500 people were assisted with patient education services.also located in the patient education center is mchs-al/au's patient advocate. she is a certified senior health insurance program volunteer who facilitates medication assistance for those unable to afford medication prescribed. she also assists medicare participants enrolling in the part d plan. explaining insurance and clarifying insurance issues are also offered through the patient advocate. free education programs include: - women's heart health conference - cancer symposium mchs-al/au provides free health assessments and screenings, counseling services, free interpreting services, and space for community meetings and support groups. mchs-al/au has a home health program in which primarily elderly patients with circulatory, respiratory and other health problems are provided assistance with personal cares and activities of daily living. during 2015, the home health program served 195 patients.mchs-al/au also provides a hospice for the families of terminal patients. in 2015, 407 families were serviced by this hospice.during 2015, mchs-al/au provided free sports physicals to 545 area student athletes. mchs-al/au also benefits from community volunteers in its auxiliary, hospice and chemical dependency programs, and as movers at the front information desk. during 2015, volunteers donated approximately 27,694 hours to the medical center. the value of this donated time is approximately $652,470 based on the independent sectors average estimated value of such services. these service hours were primarily spent organizing and managing activities for the benefit of the medical center's patients, patients' families, visitors, and staff.mchs-al/au sponsors a scholarship program for high school seniors and non-traditional students from the mchs-al/au service area who are entering the healthcare field. in the year ending december 31, 2015, 31 scholarships were awarded totaling $32,575. in addition, mchs-al/au provides meeting space and sponsors various "on-site" education programs including shadowing, preceptorships, and internships. the estimated cost of supervision and space for these programs is $365,500.
Research (see schedule o):research:mchs-al/au staff work with mayo clinic and mayo clinic health system physician investigators to coordinate clinical research studies with a cms grant.
Contact & location
- Address
- Po Box 4007, Rochester, MN, 55903
- City
- Rochester
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $278.3M (FY2013) to $313.5M (FY2015) across 3 reported years.
Financial snapshot
Financial health & position (FY2015)
Liabilities $65.7MNet assets $312.9M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$378.5M
Total liabilities
$65.7M
Net assets
$312.9M
Salaries & benefits
$190.6M
61% of expenses
Board members
10
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2015 | $313,497,491▲9.3% | $310,932,289▲12.2% | $312,861,868▼1.3% | $378,538,838▲7.9% | 990 |
| 2014 | $286,823,369▲3.1% | $277,093,096▲2.4% | $317,070,718▲4.2% | $350,759,424▲5.4% | 990 |
| 2013 | $278,331,414 | $270,722,838▲89.0% | $304,323,199▲6.3% | $332,660,841▲5.0% | 990 |
| 2012 | — | $143,251,221▲9.4% | $286,216,013▲95.8% | $316,846,724▲103% | 990 |
| 2011 | — | $130,948,788▲4.2% | $146,182,792▲3.8% | $155,876,941▲1.9% | 990 |
| 2010 | — | $125,696,060 | $140,831,070 | $153,000,253 | 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 (FY2015)
Highest-paid: Eckstrom Md Michael T — $1,072,560 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eckstrom Md Michael T | Physician | 40 | $1,072,560 |
| Skorin Do Leonid | Physician | 40 | $909,831 |
| Weaver Md Chad H | Physician | 40 | $829,232 |
| Ciota Md Mark R | Director/chair | 40 | $754,743 |
| Nguyen Md Emily C | Physician | 40 | $699,946 |
| Engman Md Steven J | Physician | 40 | $618,273 |
| Schulz Md John M | Director | 40 | $559,693 |
| Smith Md A Don | Former Key Employee | 40 | $499,480 |
| Schulz Md Jodi L | Former Key Employee | 40 | $461,593 |
| Goins Md Jennifer L | Former Key Employee | 40 | $427,355 |
| Grzybowski Md John A | Former Key Employee | 40 | $385,575 |
| Ulrich Md Michael D | Former Key Employee | 40 | $375,619 |
| Barnes Md Darryl E | Former Key Employee | 40 | $366,746 |
| Collier Dpm Robert L | Former Key Employee | 40 | $341,150 |
| Lombardi Md Joseph M | Former Key Employee | 40 | $324,281 |
| Kattel Md Sharma B | Former Key Employee | 40 | $321,754 |
| Kleis Do Keith R | Director | 40 | $300,568 |
| Angstman Md Gregory L | Former Key Employee | 40 | $246,883 |
| Stoltenberg Md Heidi G | Former Key Employee | 40 | $240,159 |
| Larson Virginia | Operations Administrator | 40 | $175,664 |
Top vendors & contractors (FY2015)
| Contractor | Services | Paid |
|---|---|---|
| Mayo Fnd For Medical Education and Resea | Purchasing Agent | $9,375,418 |
| Mayo Clinic | Patient/lab/admin Services | $4,229,496 |
| Amphion Medical Solutions | Transcription Services | $1,575,318 |
| Weatherby Locums Inc | Professional Services | $777,872 |
| Mayo Clinic Health System-mankato | Purchased Services | $750,194 |
Grants received · $254.9M total
32 grants to Mayo Clinic totaling $254.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mayo Clinic | Support charitable programs | 2024 | $28,352,119 |
| The Hormel Foundation | Community program and equipment | 2024 | $122,819 |
| Mayo Clinic Group Return | Support charitable programs | 2024 | $56,847 |
| Mayo Clinic | Support charitable programs | 2023 | $33,379,033 |
| The Hormel Foundation | Community program and equipment | 2023 | $154,100 |
| Donor Advised Charitable Giving | Health | 2023 | $102,600 |
| Mayo Clinic Group Return | Support charitable programs | 2023 | $28,203 |
| Mayo Clinic | Support charitable programs | 2022 | $14,562,989 |
| The Hormel Foundation | Community program and equipment | 2022 | $152,956 |
| Donor Advised Charitable Giving | Health | 2022 | $128,100 |
| Mayo Clinic | Support charitable programs | 2021 | $14,222,643 |
| The Hormel Foundation | Community program and equipment | 2021 | $193,159 |
| Donor Advised Charitable Giving | Health | 2021 | $112,925 |
| Mayo Clinic Group Return | Support charitable programs | 2021 | $100,225 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $12,200 |
Grants made · $248K in FY2015
10 grants totaling $248K in FY2015. All grants made by Mayo Clinic →
| Recipient | Purpose | Amount |
|---|---|---|
| Austin Aspires Inc | Support charitable programs | $66,668 |
| Mayo Clinic | Support charitable programs | $57,408 |
| Austin Community Charitable Fund | Support charitable programs | $25,000 |
| United Way of Freeborn County Inc | Support charitable programs | $21,000 |
| United Way of Mower County Inc | Support charitable programs | $20,000 |
| Young Mens Christian Association of Albert Lea Minnesota Inc | Support charitable programs | $16,500 |
| Austin Area Commission For the Arts Inc | Support charitable programs | $15,000 |
| St Johns Lutheran Home | Support charitable programs | $10,000 |
| The Hormel Foundation | Support charitable programs | $10,000 |
| Albert Lea Art Center | Support charitable programs | $6,300 |
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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 41-1404075, based in Rochester, Minnesota. Donations are tax-deductible.
- What is Mayo Clinic's EIN?
- Mayo Clinic's Employer Identification Number (EIN) is 41-1404075.
- How much revenue does Mayo Clinic report?
- Mayo Clinic reported $313,497,491 in total revenue on its fiscal year 2015 IRS Form 990 filing.
- How much of Mayo Clinic's spending goes to programs?
- Mayo Clinic spends about 84% 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 $1,072,560, paid to Eckstrom Md Michael T (Physician).
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Data for Mayo Clinic (EIN 41-1404075) 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.