Memorial Medical Center Inc
88% goes to programs $0 to raise $100 Strong reserves Growing revenue
Memorial Medical Center Inc is a 501(c)(3) organization based in Ashland, Wisconsin, registered in 1969, with $164,717,340 in FY2023 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
1615 Maple Lane Attention Payroll D, Ashland, WI, 54806 EIN 23-7013497 Since 1969
Revenue (FY2023)
$164.7M
▲ 6.2% vs prior year
Health median: $840K
Expenses (FY2023)
$154.0M
Net assets
$222.4M
Employees
715
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 Memorial Medical Center Inc: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +6% 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 Memorial Medical Center Inc: 17 mo reserves · +6% 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 Memorial Medical Center Inc: 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 Memorial Medical Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Inpatient and outpatient medical services.
Contact & location
- Address
- 1615 Maple Lane Attention Payroll D, Ashland, WI, 54806
- City
- Ashland
- State
- Wisconsin
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $64.6M (FY2013) to $164.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $52.1MNet assets $222.4M
Operating margin
6.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$274.5M
Total liabilities
$52.1M
Net assets
$222.4M
Salaries & benefits
$71.1M
46% of expenses
Board members
16
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $164,717,340▲6.2% | $154,037,519▲8.2% | $222,421,717▲12.6% | $274,488,709▲9.8% | 990 |
| 2022 | $155,117,035▲4.8% | $142,405,477▲9.4% | $197,515,463▲12.2% | $250,093,039▲11.7% | 990 |
| 2021 | $147,949,211▲10.9% | $130,199,652▲11.9% | $176,114,345▲2.4% | $223,847,463▼3.5% | 990 |
| 2020 | $133,428,773▲19.9% | $116,367,756▲14.5% | $172,054,695▲20.0% | $231,947,823▲16.3% | 990 |
| 2019 | $111,327,895▲6.1% | $101,628,511▲5.4% | $143,340,036▲8.4% | $199,460,507▲27.7% | 990 |
| 2018 | $104,882,429▲20.1% | $96,422,587▲23.0% | $132,258,595▲7.5% | $156,143,535▲5.3% | 990 |
| 2017 | $87,301,957▲8.9% | $78,362,817▲10.2% | $122,983,885▲7.9% | $148,252,124▲4.8% | 990 |
| 2016 | $80,158,800▲6.6% | $71,111,514▲9.6% | $113,940,706▲9.6% | $141,527,126▲8.7% | 990 |
| 2015 | $75,194,016▲9.0% | $64,854,607▲14.9% | $103,969,230▲11.3% | $130,164,685▲17.1% | 990 |
| 2014 | $68,993,016▲6.8% | $56,462,970▲0.2% | $93,425,352▲13.4% | $111,198,428▲12.2% | 990 |
| 2013 | $64,608,259 | $56,352,024▲4.1% | $82,352,374▲11.8% | $99,146,014▲8.0% | 990 |
| 2012 | — | $54,124,327▲2.6% | $73,650,075▲13.9% | $91,772,531▲8.5% | 990 |
| 2011 | — | $52,732,478▲0.3% | $64,653,860▲18.3% | $84,564,268▲22.0% | 990 |
| 2010 | — | $52,564,918▲3.2% | $54,651,769▲10.4% | $69,319,088▲11.6% | 990 |
| 2009 | — | $50,939,409 | $49,490,942 | $62,117,336 | 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 (FY2023)
Highest-paid: Justin Cummins — $1,486,002 (0.96% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Justin Cummins | Physician | 40 | $1,486,002 |
| John Watkins | Physician | 36 | $1,013,566 |
| Jason Douglas | Former President/ceo - Mmc | 37 | $697,887 |
| Dan Metcalf | Physician | 32 | $643,405 |
| Matthew Bettendorf | Physician | 32 | $642,213 |
| Sam Kuchinka | Physician | 40 | $636,103 |
| Mandeep Singh | Psychiatrist/medical Staff President | 40 | $553,071 |
| Jessica Nuutinen | Chief Operating Officer | 38 | $335,292 |
| Thomas Cunningham Md | Board Member | 1 | $1,252 |
| Aistis Tumas Md | Board Member | 1 | — |
| Christine Iverson | Chair | 1 | — |
| Dani Mikula | Board Member | 1 | — |
| John Smylie | Vice Chair | 1 | — |
| Karen Hansen | Board Member/former Coo | 5 | — |
| Kent Dumonseau | Vice President/cfo - Rei | 1 | — |
| Luke Beirl | Interim Pres/ceo - Mmc/ceo - Msi | 24 | — |
| Matthew Anich | Board Member | 1 | — |
| Patricia Schraufnagel | Board Member | 1 | — |
| Peggy Van Hollen-kman | Board Member | 1 | — |
| Richard Setzke | Board Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Regional Enterprises DBA Tamarack Health | Is/accounting/ Compliance | $6,405,558 |
| Market & Johnson | Construction Company | $4,339,875 |
| Essentia Health | Call Coverage/ Pro- Fees/service Agreeme | $3,518,972 |
| Medical Solutions | Locum Pro-fees | $2,191,062 |
| Bwbr Architects | Professional Services | $1,023,462 |
Grants received · $90K total
6 grants to Memorial Medical Center Inc totaling $90K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Cancer Society Inc | Patient support | 2024 | $25,000 |
| American Cancer Society Inc | Patient support | 2024 | $15,000 |
| American Cancer Society Inc | Patient support | 2022 | $20,000 |
| American Cancer Society Inc | Patient support | 2021 | $15,000 |
| Memorial Medical Center Inc | General support | 2016 | $10,000 |
| Memorial Medical Center Inc | General support | 2015 | $5,000 |
Grants made · $39K in FY2023
3 grants totaling $39K in FY2023. All grants made by Memorial Medical Center Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Ashland Area Chamber of Commerce | General support | $21,500 |
| Recreation and Fitness Resources Inc | General support | $10,000 |
| School District of Ashland | General support | $7,500 |
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Frequently asked questions
- Is Memorial Medical Center Inc a legitimate nonprofit?
- Yes. Memorial Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7013497, based in Ashland, Wisconsin. Donations are tax-deductible.
- What is Memorial Medical Center Inc's EIN?
- Memorial Medical Center Inc's Employer Identification Number (EIN) is 23-7013497.
- How much revenue does Memorial Medical Center Inc report?
- Memorial Medical Center Inc reported $164,717,340 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Memorial Medical Center Inc's spending goes to programs?
- Memorial Medical Center Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Memorial Medical Center Inc have?
- CharityIndex grades Memorial Medical Center Inc A, based on program efficiency and fundraising cost.
- How much does Memorial Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Memorial Medical Center Inc's latest Form 990 is $1,486,002, paid to Justin Cummins (Physician).
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Data for Memorial Medical Center Inc (EIN 23-7013497) 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.