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Madison Healthcare Services

Madison, MN · EIN 41-0706115 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Madison Healthcare Services reported $21.8 million in revenue and $22.4 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $72.82 went to program services, $27.18 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 94.1% of the total. The highest compensation it reported for one person was $385,778 (MD). 8 people received more than $100,000 in reportable compensation. Revenue rose 20% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $22M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $22M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
72.8%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
27.2%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.8%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.2%0.1%
Program service revenue share
Part VIII 2g ÷ 12
94.1%93.7%
Highest reported compensation
Part VII-A, columns D–F
$385,778$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.73%1.34%
People paid over $100,000
Part VII, line 2
827
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
17.26.6
Independent voting board members
Part VI 1a–1b
7 of 788.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$7.4M expenses · 45.6% of program spending · grants $20,533 · revenue $10M

Madison hospital is a 12 bed hospital that provides service to the community in the areas of acute inpatient care and skilled swing bed rehabilitation. The organization also provides social services by offering emotional, social, and economic support and referral to residents and families, pediatrics, surgery, emergency care, cardiac rehab, outpatient, outreach, and inpatient care. The hospital had 12,315 outpatient visits and 528 medical/surgical and ssb days. The organization maintains records to identify and monitor the level of charity care it provides. These records include the number of…

$6.3M expenses · 38.5% of program spending · grants $16,428 · revenue $8.0M

Madison Healthcare Services is a nonprofit healthcare organization dedicated to providing high-quality medical care and wellness services to western minnesota. Our mission is to enhance the health and well-being of individuals by offering comprehensive healthcare solutions, including inpatient and outpatient services, specialty care clinic, long-term care, home care, assisted living.in the past year, Madison Healthcare Services has continued to expand its offerings to better serve the needs of our patients. We provide essential medical services such as emergency care, primary care, surgical…

$2.6M expenses · 15.9% of program spending · grants $7,119 · revenue $2.6M

The medical staff at the clinic consists of two m.d.'s , one pa-c's, and two nurse practitioners available 5-days-a-week and half on saturday. The clinic works with the nursing staff to provide quality care to its patients. Attached directly to the madison hospital, the clinic has easy access to medical services such as lab, x-ray, pharmacy, and other diagnostic services

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
MD
Highest compensated employee, 40.00 hrs/week
$346,307$0$39,471$385,778
MD
Highest compensated employee, 40.00 hrs/week
$306,282$0$59,014$365,296
MD
Highest compensated employee, 40.00 hrs/week
$331,757$0$30,928$362,685
CEO
Officer, 40.00 hrs/week
$226,204$0$51,814$278,018
PHYSICIAN ASSISTANT
Highest compensated employee, 32.00 hrs/week
$147,309$0$17,400$164,709
NURSE PRACTITIONER
Highest compensated employee, 40.00 hrs/week
$114,703$0$40,382$155,085
CFO
Officer, 40.00 hrs/week
$121,247$0$18,843$140,090

8 people received more than $100,000 in reportable compensation from Madison Healthcare Services (Part VII, line 2). Compensation of current officers, directors and key employees totaled $420K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$22M$22M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$22M$22M72.8%$32M$385,778
FY2024 ⓘ$21M$22M73.7%$32M$483,037
FY2023 ⓘ$21M$21M93.3%$31M$423,931
FY2022 ⓘ$20M$21M93.3%$30M$553,742
FY2021 ⓘ$23M$18M93.2%$31M$453,014
FY2020 ⓘ$18M$17M93.5%$23M$431,288

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5213
  • Volunteers Part I, line 615

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
BIG STONE THERAPIES
Contract therapy services
$870,015
MEDICAL SOLUTIONS
Agency staffing - nursing
$558,738
CENTRACARE HEALTH
Emr software support, license
$433,522
KAREKEST
Agency staffing - nursing
$322,483
CENTRAL MN DIAGNOSTIC
Contract ct and ultrasound
$242,140

Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Madison Healthcare Services totaling $33 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Madison Healthcare Services's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Madison Healthcare Services, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Minnesota

Questions people ask

How much of Madison Healthcare Services's spending goes to programs?

In the fiscal year ending September 30, 2025, Madison Healthcare Services reported that 72.8% of its $22.4 million in expenses went to program services, 27.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Madison Healthcare Services pay its top executive?

The largest total compensation Madison Healthcare Services reported for one person in the fiscal year ending September 30, 2025 was $385,778, for the role of MD (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Madison Healthcare Services get its money?

Of $21.8 million in revenue in the fiscal year ending September 30, 2025, 0.8% came from contributions and grants (including 0.2% from government grants) and 94.1% from program service revenue (Form 990, Part VIII).

Is Madison Healthcare Services a registered charity?

The IRS lists EIN 41-0706115 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202611189349300126 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202541159349301714 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202412139349300416 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202322239349301427 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242229349300509 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202122149349301362 · read the filing

All filings for EIN 41-0706115: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.