Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREPAID HEALTH FEES

  total $1,298,672,749 · related or exempt $1,298,672,749

• 3 · Investment income

  total $10,645,031 · excluded $10,645,031

• 6a · Gross rents

  real property $1,412,872

• 6b · Less rental expenses

  real property $1,412,872

• 6c · Rental income or loss

  real property $0

• 7a · Gross sales of assets other than inventory

  securities $104,723,148 · other assets $7,500

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

  securities $107,592,293 · other assets $0

• 7c · Gain or loss

  securities -$2,869,145 · other assets $7,500

• 7d · Net gain or loss

  total -$2,861,645 · excluded -$2,861,645

• 11a · Other revenue: ALL OTHER REVENUE

  total $1,872,057 · related or exempt $1,872,057

• 11b · Other revenue: ASO ADMIN REVENUE

  total $1,276,986 · related or exempt $1,276,986

• 11e · Other revenue, total

  $3,149,043

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $244,047 · program services $244,047

• 5 · Compensation of officers, directors and key employees

  total $700,890 · management and general $700,890

• 7 · Other salaries and wages

  total $32,159,789 · program services $32,159,789

• 9 · Other employee benefits

  total $10,661,529 · program services $10,661,529

• 11b · Fees: legal

  total $298,269 · management and general $298,269

• 11c · Fees: accounting

  total $313,850 · management and general $313,850

• 11f · Fees: investment management

  total $705,634 · management and general $705,634

• 11g · Fees: other

  total $9,722,030 · management and general $9,722,030

• 12 · Advertising and promotion

  total $3,831,415 · management and general $3,831,415

• 13 · Office expenses

  total $2,135,990 · management and general $2,135,990

• 14 · Information technology

  total $9,079,477 · management and general $9,079,477

• 16 · Occupancy

  total $638,225 · management and general $638,225

• 17 · Travel

  total $19,253 · management and general $19,253

• 19 · Conferences, conventions and meetings

  total $153,851 · management and general $153,851

• 22 · Depreciation, depletion and amortization

  total $1,566,362 · management and general $1,566,362

• 24a · Other expenses: HOSPITAL/MED. BENEFITS

  total $1,181,584,403 · program services $1,181,584,403

• 24b · Other expenses: COMMISSIONS

  total $19,692,373 · program services $19,692,373

• 24c · Other expenses: ALL OTHER EXPENSES

  total $17,280,440 · management and general $17,280,440

• 24d · Other expenses: AFFORDABLE CARE ACT FEE

  total $4,971,149 · program services $4,971,149

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $22,901,704 · end of year $85,030,864

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $57,892,765 · end of year $59,062,452

• 9 · Prepaid expenses and deferred charges

  beginning of year $133,748 · end of year $137,442

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

  $20,934,662

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

  $11,845,808

• 10c · Land, buildings and equipment, net

  beginning of year $10,091,716 · end of year $9,088,854

• 11 · Investments: publicly traded securities

  beginning of year $40,016,965 · end of year $33,420,603

• 12 · Investments: other securities

  beginning of year $218,556,511 · end of year $224,669,745

• 17 · Accounts payable and accrued expenses

  beginning of year $177,799,911 · end of year $229,378,334

• 19 · Deferred revenue

  beginning of year $21,720,103 · end of year $23,626,865

• 25 · Other liabilities

  beginning of year $98,000 · end of year $0

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $149,975,395 · end of year $158,404,761

The filer's explanations (Part III)

PART I, LINE 3

THE MARSHFIELD CLINIC HEALTH SYSTEM'S (MCHS) INDEPENDENT COMPENSATION COMMITTEE (THE COMMITTEE) HAS FINAL AUTHORITY FOR APPROVING COMPENSATION AND BENEFITS OF ALL DISQUALIFIED PERSONS EMPLOYED BY ANY OF THE ORGANIZATIONS IN THE SYSTEM. THE COMMITTEE USES COMBINATIONS OF THE FOLLOWING TO EVALUATE COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE, AND WRITTEN EMPLOYMENT CONTRACTS.

PART I, LINES 4A-B

LINE 4A: IN 2022, JENNIFER HOCKIN RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $152,503. LINE 4B: THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AND RECEIVED A DISTRIBUTION FROM OR HAD AMOUNTS VEST IN THE PLAN: SUSAN TURNEY, MD - $219,744 THE FOLLOWING INDIVIDUALS PARTICATED IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN BUT DID NOT RECEIVE A DISTRIBUTION OR HAVE AN AMOUNT VEST IN THE PLAN. UNDER THE PLAN, AMOUNTS DO NOT VEST UNTIL TWO YEARS AFTER SEPARATION FROM THE ORGANIZATION: WILLIAM MELMS, MD ALPA SHAH, MD EDWARD FERNANDEZ, MD KRISTA HOGLUND GORDON EDWARDS JENNIFER SHERMO JENNIFER HOCKIN DAVID NYMAN JERARD JENSEN

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SECURITY ADMINISTRATIVE SERVICES LLC

  ADMINISTRATOR · WI · income $1,437,484 · assets $2,347,908

  Directly controlled by SECURITY HEALTH PLAN OF WISCONSIN INC

• SECURITY HEALTH PLAN OF MICHIGAN LLC

  ADMINISTRATOR · MI

  Directly controlled by SECURITY HEALTH PLAN OF WISCONSIN INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• THE DIAGNOSTIC & TREATMENT CENTER LLC

  MEDICAL SERVICES · WI