Marshfield Clinic

Legal name: Mchs Hospitals Inc

Nonprofit profile at a glance

EIN
810977948
IRS 990 coverage
2016–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Marshfield, WI, USA
Phone
(800) 782-8581
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$1,455,966,010
Expenses
$1,546,622,441
Assets
$885,596,688
Liabilities
$1,245,219,696

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • BRIAN HOERNEMAN MD (BOARD MEMBER/INTERIM MCHS CEO)
  • SUSAN TURNEY MD (FORMER MCHS CEO)

Highest reported compensation

  • SUSAN TURNEY MD (FORMER MCHS CEO): $2,241,715 total reported compensation
  • BRIAN HOERNEMAN MD (BOARD MEMBER/INTERIM MCHS CEO): $1,623,181 total reported compensation
  • KATHY BRESSLER (MCHS COO): $1,023,032 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We enrich lives to create healthy communities through accessible, affordable, compassionate health care. Caring for Communities is our promise and commitment to live our mission of enriching lives to create healthy communities. We care for our communities each day through community health programming, community investment funding, and providing volunteers and other community involvement activities such as guest speakers and participating on community boards. Community health Our Center for Community Health Advancement (CCHA) works closely with communities across our service area to identify and address important community health needs such as substance use, mental health, health equity and public health capacity. Visit community health to learn more about innovative community health programs an.

What it reported doing in 2024

Mchs hospitals, inc. (mchsh), incorporated in december 2015 as a nonprofit, nonstock corporation which owns and operates the following acute care facilities in Wisconsin either directly or through wholly owned subsidiaries: marshfield medical center (mmc) (acquired in july 2017), mmc-rice lake (through its subsidiary lakeview medical center), mmc-eau claire (opened in july 2018), mmc-ladysmith (acquired in september 2018), mmc-neillsville (acquired in december 2018 through its subsidiary memorial hospital, inc.), mmc-beaver dam (acquired in may 2019 through its subsidiary beaver dam community hospitals, inc. (bdch)), mmc-minocqua (opened in june 2020), continued on schedule ommc-weston (acquired in august 2020), mmc-park falls (acquired in august 2020 through its subsidiary flambeau hospital, inc.), mmc-dickinson (acquired in february 2022 through its subsidiary dickinson county healthcare system) and mmc-river region (opened in may 2022).

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 76
  • Accountability: 62
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.7%; rating input score 92
  • Program expense ratio: 86.3%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 42nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.2%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.57; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 1.41; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 95; 95th percentile among comparable filings

Growth

  • Program expense growth: 17% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 14.3% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 8.2% per year; rating input score 100; 60th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 91.7% of revenue deployed · 86.3% of spending went to programs
  • Governance: 4 of 8 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.3B in reported program spending
  • Leadership: top reported pay $2.2M · 14 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $108.5M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 12 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • High — Sustainability: Operating margin scored 11/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.