Meriter Hospital Inc
86% goes to programs $0 to raise $100 Strong reserves
Meriter Hospital Inc is a 501(c)(3) organization based in Madison, Wisconsin, registered in 1937, with $643,258,371 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
202 S Park St, Madison, WI, 53715 EIN 39-0806367 Since 1937
Revenue (FY2024)
$643.3M
▲ 2.8% vs prior year
Health median: $840K
Expenses (FY2024)
$620.1M
Net assets
$812.0M
Employees
4,121
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 rating86% 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 Meriter Hospital Inc: 86% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +4% 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 Meriter Hospital Inc: 16 mo reserves · +4% 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 Meriter Hospital 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 Meriter Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Meriter hospital, inc. is a not for profit, locally governed community hospital. meriter hospital provides a comprehensive array of patient-focused inpatient and outpatient services to meet the health-related needs of our community.
Contact & location
- Address
- 202 S Park St, Madison, WI, 53715
- City
- Madison
- State
- Wisconsin
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $407.6M (FY2013) to $643.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $215.4MNet assets $812.0M
Operating margin
3.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$215.4M
Net assets
$812.0M
Salaries & benefits
$303.8M
49% of expenses
Board members
13
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $643,258,371▲2.8% | $620,056,299▲7.4% | $811,977,867▲6.0% | $1,027,344,720▲3.6% | 990 |
| 2023 | $625,737,715▲3.4% | $577,385,986▲5.7% | $766,207,325▲11.4% | $991,590,073▲7.0% | 990 |
| 2022 | $605,087,481▲8.1% | $546,370,086▲10.4% | $687,784,247▼4.7% | $926,629,829▼4.5% | 990 |
| 2021 | $559,901,907▲10.5% | $494,723,863▲7.8% | $721,772,357▲13.1% | $969,927,564▲6.1% | 990 |
| 2020 | $506,664,642▲4.3% | $458,766,004▲1.1% | $638,262,548▲15.9% | $914,575,949▲9.8% | 990 |
| 2019 | $485,593,935▲3.7% | $453,686,010▲2.5% | $550,928,849▲17.7% | $833,005,877▲13.1% | 990 |
| 2018 | $468,434,024▲3.4% | $442,450,937▲5.9% | $468,006,329▼2.3% | $736,590,555▼4.0% | 990 |
| 2017 | $452,877,698▲0.9% | $417,885,307▼2.7% | $478,914,167▲14.6% | $767,467,522▲8.8% | 990 |
| 2016 | $448,640,293▲11.4% | $429,585,129▲22.7% | $417,766,948▼17.8% | $705,548,386▼13.0% | 990 |
| 2015 | $402,682,465▼6.1% | $350,239,422▼0.1% | $508,247,412▲1.2% | $811,253,073▼3.8% | 990 |
| 2014 | $428,803,305▲5.2% | $350,520,787▼0.2% | $501,986,816▲13.4% | $842,927,895▲15.1% | 990 |
| 2013 | $407,592,949 | $351,128,470▼0.1% | $442,794,971▲20.2% | $732,436,308▲7.4% | 990 |
| 2012 | — | $351,548,733▲3.2% | $368,232,879▲19.6% | $682,175,251▲12.7% | 990 |
| 2011 | — | $340,551,084▲1.5% | $307,803,829▲3.7% | $605,180,203▲14.8% | 990 |
| 2010 | — | $335,441,812 | $296,743,683 | $527,282,205 | 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 (FY2024)
Highest-paid: Carla Griffin — $237,701 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carla Griffin | Executive Director Joa | 40 | $237,701 |
| Kristine Holmes | Dir Med/surg Nurse | 40 | $222,741 |
| Michael Nyffeler | Pharmacy Clinical Manager | 40 | $207,122 |
| Roberta Sonnentag | Registered Nurse | 40 | $196,456 |
| Marlene Nahavandi | Registered Nurse | 40 | $194,861 |
| Doug Strub | Board Chr(to 6/24)/past Chr(fr 6/24) | 3 | $6,250 |
| Newrhee Kim Md | Bd Mem(to 6/24)/bd Chair(fr 6/24) | 3 | $6,250 |
| Alison Craig-shashko Md | Board Member | 1 | — |
| Beth Erdman | Market Cfo/treasurer | 15 | — |
| Bradley Manning Md | Board Member (to 8/24) | 1 | — |
| Cheryl Wittke | Board Member | 1 | — |
| Christina Jackson | Market Coo | 15 | — |
| James Arnett | Board Member & President /ceo | 15 | — |
| Jason Yelk Do To 224 | Board Member | 1 | — |
| John Ashley | Board Vice Chair | 1 | — |
| Margaret Noreuil Rn Phd | Board Member | 1 | — |
| Mary Thompson Md | Board Member | 1 | — |
| Pam Wetzel Md | Market Cmo/asst Secretary | 5 | — |
| Pat Setji | Board Member | 1 | — |
| Ronald Henshue | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| University of Wisconsin Hospital and Cli | Interns, Residents, Med-flight, and Teac | $18,706,096 |
| Amn Healthcare Allied Inc | Contracted Registered Nurses | $14,115,459 |
| Jp Cullen and Sons Inc | Construction | $5,014,631 |
| Madison Anesthesiology | Medical Services | $4,870,824 |
| Uw School of Medicine & Public Health | Interns and Teaching | $3,803,259 |
Grants received · $3.0M total
1 grant to Meriter Hospital Inc totaling $3.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Iowa Health System | Program support | 2020 | $2,998,247 |
Grants made · $100K in FY2023
1 grant totaling $100K in FY2023. All grants made by Meriter Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Meriter Foundation Inc | Hospital programs | $100,215 |
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Frequently asked questions
- Is Meriter Hospital Inc a legitimate nonprofit?
- Yes. Meriter Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 39-0806367, based in Madison, Wisconsin. Donations are tax-deductible.
- What is Meriter Hospital Inc's EIN?
- Meriter Hospital Inc's Employer Identification Number (EIN) is 39-0806367.
- How much revenue does Meriter Hospital Inc report?
- Meriter Hospital Inc reported $643,258,371 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Meriter Hospital Inc's spending goes to programs?
- Meriter Hospital Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Meriter Hospital Inc have?
- CharityIndex grades Meriter Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Meriter Hospital Inc's highest-paid employee make?
- The highest reported compensation on Meriter Hospital Inc's latest Form 990 is $237,701, paid to Carla Griffin (Executive Director Joa).
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Data for Meriter Hospital Inc (EIN 39-0806367) 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.