Overview
What is Mchs Hospitals Inc?
MCHS Hospitals Inc, established in December 2015, is a nonprofit corporation headquartered in Marshfield, Wisconsin. The organization operates several acute care facilities throughout Wisconsin, either directly or through wholly-owned subsidiaries. These facilities include Marshfield Medical Center, MMC-Rice Lake, MMC-Eau Claire, MMC-Ladysmith, MMC-Neillsville, MMC-Beaver Dam, MMC-Minocqua, MMC-Weston, MMC-Park Falls, and MMC-Dickinson. Their mission is to enrich lives and create healthy communities by providing accessible, affordable, and compassionate healthcare services. As of May 2022, MCHS Hospitals Inc had expanded its reach to a total of 13 healthcare facilities across Wisconsin.
Official website here: www.marshfieldclinic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Mchs Hospitals Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. With a perfect score in several key areas, including the independence of its board members and financial oversight, the organization demonstrates a solid foundation in governance practices.
The nonprofit has maintained a high program expense ratio of 88.63%, indicating that a significant majority of its resources are directed toward its mission-related activities. Furthermore, it has been recognized for having no material diversion of assets, underscoring its integrity in financial management and operational conduct.
While the rating highlights numerous strengths, the focus on accountability primarily positions Mchs Hospitals Inc within a financial context, and specific programmatic outcomes or impact metrics are not detailed in this summary. Prospective donors and stakeholders may want to consider looking for additional information regarding the charity's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mchs Hospitals Inc legitimate?
Mchs Hospitals Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mchs Hospitals Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $701,657,409
For more financial information, click here
Official website here: www.marshfieldclinic.org
What is the mission statement of Mchs Hospitals Inc?
MCHS Hospitals Inc enriches lives by creating healthy communities through accessible, affordable, and compassionate health care. The nonprofit corporation, established in 2015, owns and operates various acute care facilities in Wisconsin, providing essential healthcare services to communities. By embracing accessibility, affordability, and compassion, MCHS Hospitals Inc aims to improve the overall wellbeing of the individuals they serve. Their mission is to provide high-quality, caring healthcare that touches the lives of many, ultimately leading to healthier communities.
Official website here: www.marshfieldclinic.org
Who is the CEO of Mchs Hospitals Inc?
Brian Hoerneman Md is the CEO of Mchs Hospitals Inc The CEO's salary of Mchs Hospitals Inc is $0 and their total compensation is $888,868.
Official website here: www.marshfieldclinic.org
What is the revenue of Mchs Hospitals Inc?
Mchs Hospitals Inc's revenue in 2023 was $1,462,883,909.
Official website here: www.marshfieldclinic.org
Who are the executives of Mchs Hospitals Inc and what are their salaries?
There 500 volunteers at Mchs Hospitals Inc.
Here are 17 key members and their salaries (Mchs Hospitals Inc's CEO's salary is $0 and their total compensation is $888,868):
- Compensation: $0
- Related: $24,924
- Other: $0
- Compensation: $0
- Related: $6,500
- Other: $0
- Compensation: $0
- Related: $13,000
- Other: $0
- Compensation: $0
- Related: $370,856
- Other: $24,157
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $3,125,033
- Other: $382,007
- Compensation: $0
- Related: $848,741
- Other: $40,127
- Compensation: $0
- Related: $1,053,823
- Other: $21,091
- Compensation: $0
- Related: $515,015
- Other: $29,993
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $536,206
- Other: $43,230
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $725,840
- Other: $23,393
- Compensation: $0
- Related: $116,564
- Other: $0
- Compensation: $0
- Related: $839,857
- Other: $28,816
- Compensation: $0
- Related: $983,883
- Other: $44,933
Official website here: www.marshfieldclinic.org
Where can I find the form 990 for Mchs Hospitals Inc?
Mchs Hospitals Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.marshfieldclinic.org
Learn more at the official website: www.marshfieldclinic.org
Mission Statement of Mchs Hospitals Inc
MCHS Hospitals Inc, a nonprofit corporation based in Wisconsin, enriches lives by providing accessible, affordable, and compassionate healthcare to create healthy communities. The organization's mission is geared towards enriching lives by ensuring that healthcare is within reach for all, making it an essential contributor to community wellbeing.
MCHS Hospitals, Inc. has expanded its reach in Wisconsin by owning and operating several acute care facilities through either direct or wholly owned subsidiaries. These facilities include Marshfield Medical Center, MMC-Rice Lake, MMC-Eau Claire, MMC-Ladysmith, MMC-Neillsville, MMC-Beaver Dam, MMC-Minocqua, OMMC-Weston, MMC-Park Falls, and MMC-Dickinson. Through these acquisitions, MCHS Hospitals, Inc. has been able to extend its healthcare services to a larger population, ensuring that care is accessible to many.
The nonprofit corporation's commitment to accessible, affordable, and compassionate healthcare is evident in its growth and expansion. MCHS Hospitals, Inc. continues to make a significant impact by touching lives and contributing to the health and wellbeing of the communities it serves.
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Impact
October, 2024
Mchs Hospitals Inc plays a vital role in enhancing community health by providing accessible, affordable, and compassionate healthcare services throughout Wisconsin. Through a network of acute care facilities, they ensure that medical care is available to a wide range of populations, particularly in underserved areas.
The organization's impact is evident in its commitment to enriching lives and creating healthy communities. By acquiring and operating multiple hospitals, Mchs Hospitals Inc enhances healthcare availability, supporting patients in various regions, including Marshfield, Eau Claire, and Rice Lake, among others. This expansion not only improves healthcare infrastructure but also fosters economic growth in those communities by creating jobs and stimulating local economies.
Furthermore, the emphasis on affordable care ensures that financial barriers do not prevent individuals from receiving necessary medical attention. The compassionate approach of Mchs Hospitals Inc contributes to overall patient satisfaction, promoting a healthcare environment where individuals feel valued and cared for.
In summary, Mchs Hospitals Inc significantly influences the health and well-being of communities in Wisconsin through their extensive network and commitment to quality care, addressing both immediate healthcare needs and long-term community vitality.
This information is meant to be a general summary of Mchs Hospitals Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: -$131
- Program Service Revenue: $1,457,724,099
- Gross Receipts: $1,465,740,723
Assets and Liabilities:
- Total Assets: $2,934,686,508
- Total Liabilities: $990,998,784
- Net Assets: $1,943,687,724
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE RE
Revenue
$1,465,952,844
INTERCOMPANY REVENUE
Revenue
$5,190,313
MISC OTHER OPERATING R
Revenue
$4,065,653
CAFETERIA REVENUE
Revenue
$3,432,625
PREMIUM REVENUE
Revenue
-$20,917,336
Organization Details
Founding Year
2015
Principal Officer
Brian Hoerneman Md
Website
www.marshfieldclinic.orgNTEE Category
Code: E20 - Health
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