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Nonprofiteer
← GUNDERSEN CLINIC LTD

Form 990 for tax year 2023

Filed by GUNDERSEN CLINIC LTD.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 14 August 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$160,292,970 changed to $244,302,568
Total expenses
$227,793,357 changed to $327,479,756
Contributions and grants received
$779,738 changed to $1,187,295
Grants paid
$3,747,508 changed to $3,592,147
Program service revenue
$159,048,996 changed to $242,398,618
Investment income
$175,356 changed to $323,956
Other revenue
$288,880 changed to $392,699
Total assets, end of year
$218,304,419 changed to $220,088,578
Total liabilities, end of year
$958,116,645 changed to $1,042,632,494
Net assets or fund balances, end of year
-$739,812,226 changed to -$822,543,916
Program services expenses
$204,607,536 changed to $290,206,794
Management and general expenses
$23,185,821 changed to $37,272,962
Program service expenses (Part III)
$204,607,536 changed to $290,206,794

Listed only on the earlier return

  • Azene Ezana MD

Listed only on the later return

  • Andrea Hauser RN
  • Andrea Werner
  • Bryan Erdmann
  • Daniel Lilly
  • David Gerhard
  • Douglas Hughes MD
  • Ellen Pedretti-Fendt
  • Eric Dehn
  • Ezana Azene MD
  • Heather Schimmers RN
  • Janine Luz
  • Jeffrey M Lawrence MD
  • Jerry Davis MD
  • John Ceelen
  • Jonathan Zlabek MD
  • Kari Adank
  • Kraig Schuster
  • Krister Mattson
  • Leanne Andersen
  • Lisa Harton
  • Marilu Bintz MD
  • Mark S Topolski MD
  • Mary Kuffel MD
  • Michael Dolan MD
  • Michael McKee
  • P Michael Jacobs MD
  • Pamela Maas
  • Paul Bergl
  • Praveen Chopra
  • Shannon Mulligan
  • Stephen Shapiro MD
  • Steven Whitford MD
  • Todd Kowalski MD
  • William Farrell

Listed under a different title

  • Elizabeth Cogbill MD: MEDICAL GOVERNORS - MEMBER (BEGIN 1/23) then MEDICAL GOVERNORS - MEMBER
  • Gerald Oetzel: CHIEF FINANCIAL OFFICER AND TREASURER THRU 8/23 then FORMER CHIEF FINANCIAL OFFICER
  • Robyn Borge MD: MEDICAL GOVERNORS - MEMBER then MEDICAL GOVERNORS - MEMBER (THRU 1/24)
  • Scott Rathgaber MD: CEO, CHAIRMAN then CHIEF EXECUTIVE OFFICER
  • Stephanie Carroll MD: MEDICAL GOVERNORS - MEMBER (BEGIN 1/23) then MEDICAL GOVERNORS - MEMBER
  • Steve Little: INTERIM CHIEF FINANCIAL OFFICER AND TREASURER BEGIN 8/23 then INTERIM CHIEF FINANCIAL OFFICER, TREASURER (THRU 2/24)
  • Trey Folkers MD: MEDICAL GOVERNORS - MEMBER (BEGIN 1/23) then MEDICAL GOVERNORS - MEMBER (THRU 7/24)

Totals

Total revenue
$160,292,970
Total expenses
$227,793,357
Contributions and grants received
$779,738
Grants paid
$3,747,508
Program service revenue
$159,048,996
Investment income
$175,356
Other revenue
$288,880
Total assets, end of year
$218,304,419
Total liabilities, end of year
$958,116,645
Net assets or fund balances, end of year
-$739,812,226
Program services expenses (Part IX)
$204,607,536
Management and general expenses
$23,185,821
Fundraising expenses
$0
Program service expenses (Part III)
$204,607,536

Program services were 89.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $138,349

  • 1e · Government grants (contributions)

    $578,400

  • 1f · All other contributions, gifts and grants

    $62,989

  • 2a · Program service revenue: MEDICAL SERVICE PROVIDED

    total $155,113,088 · related or exempt $154,963,598 · unrelated business $149,490

  • 2b · Program service revenue: ONLINE SALES - DERM AND PLASTICS

    total $217,714 · unrelated business $217,714

  • 2c · Program service revenue: VISION

    total $159,591 · unrelated business $159,591

  • 2d · Program service revenue: PHARMACY

    total $1,765,898 · unrelated business $1,765,898

  • 2e · Program service revenue: DIAGNOSTIC TESTING INCOME

    total $1,792,705 · unrelated business $1,792,705

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $218,469 · excluded $218,469

  • 6a · Gross rents

    real property $374,089

  • 6b · Less rental expenses

    real property $85,209

  • 6c · Rental income or loss

    real property $288,880 · personal property $0

  • 6d · Net rental income or loss

    total $288,880 · excluded $288,880

  • 7a · Gross sales of assets other than inventory

    other assets $10,000

  • 7b · Less cost or other basis and sales expenses

    other assets $53,113

  • 7c · Gain or loss

    securities $0 · other assets -$43,113

  • 7d · Net gain or loss

    total -$43,113 · excluded -$43,113

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,004,078 · program services $1,004,078

  • 2 · Grants to domestic individuals

    total $2,743,430 · program services $2,743,430

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11a · Fees: management

    total $50,206,412 · program services $45,106,956 · management and general $5,099,456

  • 11b · Fees: legal

    total $3,550 · program services $3,550

  • 11d · Fees: lobbying

    total $31,069 · program services $31,069

  • 11f · Fees: investment management

    total $4,950 · management and general $4,950

  • 11g · Fees: other

    total $8,779,993 · program services $8,355,610 · management and general $424,383 · fundraising $0

  • 12 · Advertising and promotion

    total $17,377 · program services $7,955 · management and general $9,422

  • 13 · Office expenses

    total $1,623,716 · program services $1,496,231 · management and general $127,485

  • 14 · Information technology

    total $407,716 · program services $304,591 · management and general $103,125

  • 16 · Occupancy

    total $4,307,846 · program services $2,778,312 · management and general $1,529,534

  • 17 · Travel

    total $614,225 · program services $600,720 · management and general $13,505

  • 19 · Conferences, conventions and meetings

    total $55,789 · program services $55,591 · management and general $198

  • 20 · Interest

    total -$55 · management and general -$55

  • 22 · Depreciation, depletion and amortization

    total $8,533,297 · program services $4,651,391 · management and general $3,881,906

  • 23 · Insurance

    total $484,933 · program services $67,999 · management and general $416,934

  • 24a · Other expenses: LEASED EMPLOYEES

    total $116,100,403 · program services $104,581,258 · management and general $11,519,145

  • 24b · Other expenses: SUPPLIES/BAD DEBTS

    total $31,943,883 · program services $31,915,035 · management and general $28,848

  • 24c · Other expenses: DUES, MEMBERSHIPS, LICENSES

    total $774,074 · program services $762,319 · management and general $11,755

  • 24d · Other expenses: TAXES

    total $95,869 · program services $95,490 · management and general $379

  • 24e · All other expenses

    total $60,802 · program services $45,951 · management and general $14,851 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,721 · end of year $101,757

  • 4 · Accounts receivable

    beginning of year $11,686,765 · end of year $12,675,090

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $6,829,708 · end of year $9,675,280

  • 10a · Land, buildings and equipment: cost or other basis

    $410,888,104

  • 10b · Land, buildings and equipment: accumulated depreciation

    $232,919,942

  • 10c · Land, buildings and equipment, net

    beginning of year $161,659,385 · end of year $177,968,162

  • 11 · Investments: publicly traded securities

    beginning of year $10,527,064 · end of year $10,234,045

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $2,010,476 · end of year $2,031,994

  • 15 · Other assets

    beginning of year $6,083,392 · end of year $5,618,091

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,538,752 · end of year $3,675,704

  • 19 · Deferred revenue

    beginning of year $13,345 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $866,608,962 · end of year $954,440,941

  • 27 · Net assets without donor restrictions

    beginning of year -$672,283,548 · end of year -$739,812,226

Mission and programs · 2023

Mission

TO PROVIDE MEDICAL AND SURGICAL SERVICES, ENGAGE IN MEDICAL EDUCATION AND RESEARCH, AND PROMOTE COMMUNITY HEALTH TO DELIVER THE HIGHEST QUALITY COMPREHENSIVE HEALTH CARE TO ALL PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY.

Activities or mission (Part I)

SEE SCHEDULE O.

  • SEE SCHEDULE O.

    Expenses $204,607,536 · Grants $3,747,508 · Revenue $159,048,996

As filed on the 2023 return.

Listed in Part VII

  • Azene Ezana MD

    MEDICAL GOVERNORS - SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    2 + 42 related

  • Jennifer Kleven MD

    MEDICAL GOVERNORS - CHAIR

    Total calculated
    $0
    Hours/week
    2 + 46 related

  • Benjamin Jarman MD

    MEDICAL GOVERNORS - MEMBER

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Benjamin Orozco MD

    MEDICAL GOVERNORS - MEMBER

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Christopher Eberlein MD

    MEDICAL GOVERNORS - MEMBER

    Total calculated
    $0
    Hours/week
    2 + 43.5 related

  • Elizabeth Cogbill MD

    MEDICAL GOVERNORS - MEMBER (BEGIN 1/23)

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Robyn Borge MD

    MEDICAL GOVERNORS - MEMBER

    Total calculated
    $0
    Hours/week
    2 + 42 related

  • Stephanie Carroll MD

    MEDICAL GOVERNORS - MEMBER (BEGIN 1/23)

    Total calculated
    $0
    Hours/week
    2 + 42.5 related

  • Trey Folkers MD

    MEDICAL GOVERNORS - MEMBER (BEGIN 1/23)

    Total calculated
    $0
    Hours/week
    2 + 42 related

  • Gerald Oetzel

    CHIEF FINANCIAL OFFICER AND TREASURER THRU 8/23

    Total calculated
    $0
    Hours/week
    0 + 42 related

  • Scott Rathgaber MD

    CEO, CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 46 related

  • Steve Little

    INTERIM CHIEF FINANCIAL OFFICER AND TREASURER BEGIN 8/23

    Total calculated
    $0
    Hours/week
    0 + 42 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GUNDERSEN LUTHERAN ENVISION LLC

    C Corporation · RENEWABLE ENERGY · WI

    Directly controlled by GLHS

  • BEL-REGIONAL HOME MEDICAL INC

    C Corporation · DURABLE MEDICAL EQUIPMENT, RETAIL · WI

    Directly controlled by NA

  • Gundersen Edge LLC

    C Corporation · Innovation · WI

    Directly controlled by GLHS

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v5.1
Source object
202422289349303087

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