Reedsburg Area Medical Center
Nonprofit profile at a glance
- EIN
- 391091432
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Reedsburg, WI, USA
- Phone
- 6085246487
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $121,680,411
- Expenses
- $122,258,703
- Assets
- $140,648,858
- Liabilities
- $65,089,107
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- ROBERT VAN MEETEREN (CEO / PRESIDENT)
Highest reported compensation
- MATTHEW NIESEN (PHYSICIAN): $1,368,233 total reported compensation
- CHRISTOPHER WENNINGER (MEDICAL ADVISOR / TRUSTEE): $1,045,986 total reported compensation
- BENJAMIN NESSEIM (PHYSICIAN / TRUSTEE): $597,750 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Reedsburg area medical center, always there, going beyond the expected to provide compassionate, quality, and efficient health care.
What it reported doing in 2024
At reedsburg area medical center (ramc), we believe that everyone deserves access to quality health care, regardless of their income level, and our focus remains on the patients and communities we serve. We also believe that being a non-profit medical center is a privilege and an obligation. Each and every day we strive to be a leader in community health. By not only meeting, but often exceeding that expectation, ramc is strengthening our relationship with patients, visitors and neighboring communities. Being a community partner is an awesome and important task. It is one we feel honored to uphold. The staff at ramc is committed to meeting patients' physical, social, educational, emotional and spiritual needs whether that patient is receiving inpatient or outpatient services. Ramc's inpatient services include medical/surgical, obstetrics/nursery, and intensive care units. Within these units, ramc provided short-term care for 3,344 patient days (1,188 discharged patients) during the fiscal year ending 9/30/25. This included 56 swing bed days for 6 patients, 944 observation days and 249 births. Ramc's emergency department and walk-in clinic are here for the community whenever they may need it. The walk-in clinic has hours of availability for minor medical needs seven days a week and the emergency department is open and physician-staffed 24 hours a day, seven days a week. In the fiscal year ending 9/30/25, 9,997 patients were seen in the emergency department (resulting in 1,186 inpatient admissions) and 13,707 patients visited the walk-in clinic. As identified in our most recent community health needs assessment, housing, mental health and substance abuse are the top priorities that ramc will work to address. We are committed to making positive impacts in these areas and show this through our community partnerships and support. Ramc has collaborated with community partners on several initiatives including, but not limited to, working with sauk county health & wellness coalition for mental health training; collaboration with the sauk county health department to combat death by suicide; is a member of the sauk county partnership for prevention; support our local boys & girls club; and hold community diabetes prevention programming and healthy living classes (health4u) as well as varying support groups. Ramc has placed a large focus on expanding behavioral health services in our primary care clinic (ramc physicians group). Expanding access to these much-needed services for underserved populations, especially medicaid patients, is a high priority at ramc. We have several providers ranging from psychiatrists, a psychologist, licensed professional counselors, and advanced care providers specializing in behavioral health and we offer both in person and tele-health behavioral health services to best meet the patient's needs.in addition, ramc supports many local events and activities designed to help encourage healthy lifestyles and choices. During the fiscal year ending 9/30/25, ramc has demonstrated our commitment to ensuring that quality healthcare is always available close to home through the addition of providers and continued support of community wellness programs. Our two pharmacies offer services such as immunizations, blood pressure and blood sugar checks, medication review and daily medication packaging with the rapid pack program. Other services available to meet the community's health needs include, but are not limited to, laboratory, physical, occupational, speech and cardiac and pulmonary rehabilitation, sleep medicine, surgical services, consulting services, massage therapy, acupuncture, orthopedics, obstetrics, chemotherapy, infusions, audiology, family practice, chronic care management, pediatrics, inpatient and outpatient pharmacies, gynecology, diabetes management and education, medical imaging, nutrition services, respiratory therapy, volunteer services, community outreach and wellness.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 96
- Accountability: 90
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.2%; rating input score 93
- Program expense ratio: 91.9%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 81.8%; rating input score 82; 29th 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: -0.5%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 1.15; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 6.8% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 6% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 93.2% of revenue deployed · 91.9% of spending went to programs
- Governance: 9 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $112.3M in reported program spending
- Leadership: top reported pay $1.4M · 20 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $8.1M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 11 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 21 filed money-flow records
- Related organizations: 4 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 24/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.