Meriter Health Services Inc
Nonprofit profile at a glance
- EIN
- 391412318
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Madison, WI, USA
- Phone
- 6084176000
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $4,266,412
- Expenses
- $4,682,008
- Assets
- $839,002,840
- Liabilities
- $2,503,547
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JAMES ARNETT (BOARD MEMBER & MARKET PRESIDENT/CEO)
- SUE ERICKSON TO 622 (FORMER CEO UPH-MERITER)
Highest reported compensation
- JAMES ARNETT (BOARD MEMBER & MARKET PRESIDENT/CEO): $707,912 total reported compensation
- PAM WETZEL MD (MARKET CMO/ASSISTANT SECRETARY): $665,360 total reported compensation
- BETH ERDMAN (MARKET CFO/TREASURER): $559,430 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Meriter is dedicated to improving the health of the people and communities we serve.
What it reported doing in 2024
Meriter health services, inc. Is an innovative, not-for-profit comprehensive health care organization whose vision is to provide the best total healthcare experience to everyone we serve. One of the largest private employers, meriter is the only madison, Wisconsin health care provider governed by a community board of local business, medical and civic leaders. Meriter health services, inc. Is known for its willingness to collaborate with other health care partners to address the health care needs of the community. Meriter health services, inc. Provides strategic support of meriter hospital, inc., meriter medical group, inc., meriter home health, and meriter labs.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 33
- Transparency & Controls: 64
- Accountability: 91
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.3%; rating input score 38
- Program expense ratio: 36.2%; rating input score 36
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 7th 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: 70.9%; rating input score 71; 19th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 84.6%; rating input score 85; 17th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -9.7%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 179.2; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
- Officer compensation ratio: 70.9%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 6.9% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 38.3% of revenue deployed · 36.2% of spending went to programs
- Governance: 11 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $708K · 19 people listed · 0 of 6 pay-setting controls reported
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 30 filed money-flow records
- Related organizations: 100 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- Moderate — Financial Efficiency: Program expense ratio scored 36/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.