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Filing year 2023

MADELIA HEALTH

Madelia, Minnesota·EIN 41-0758512·3
Total revenue
$21M
Total assets
$13.5M
Total expenses
$23.8M
Reported officers
18
Mission

THE MISSION OF MADELIA HEALTH IS TO PROVIDE SAFE AND QUALITY HEALTHCARE SERVICES TO THOSE WE SERVE IN AN ENVIRONMENT BASED ON RESPECT, DIGNITY, AND EXCELLENCE.

Executive compensation, broken down

Form 990 · Schedule J · 18 reported individuals · Filing year 2023

Physician
highest compensated employee
$295k
$326k
Base
$229k
Bonus
$13k
Other
Benefits
Physician
highest compensated employee
$280k
$309k
Base
$214k
Bonus
$44k
Other
Benefits
$2k
Base
$202k
Bonus
$20k
Other
Benefits
$2k
Nurse Practitioner
highest compensated employee
$198k
$219k
Base
$157k
Bonus
$31k
Other
Benefits
$1k
Pharmacist
highest compensated employee
$189k
$208k
Base
$164k
Bonus
Other
Benefits
Cco
officer (unspecified)
$175k
$193k
Base
$145k
Bonus
$2k
Other
$4k
Benefits
$1k
Nurse Practitioner
highest compensated employee
$174k
$192k
Base
$121k
Bonus
$36k
Other
Benefits
$1k
CFO (until 10/6/23)
$152k
$167k
Base
$136k
Bonus
$2k
Other
Benefits
$3k
Treasurer/secretary
officer (unspecified)
$2k
$2k
Chair
board chair
$2k
$2k
Director (until 01/2024)
board member
$1k
$1k
Vice Chair
board vice chair
$1k
$1k
Director
board member
$1k
$1k
Diretor
board member
$1k
$1k
Diretor
board member
$1k
$1k
Director
board member
$1k
$1k
Director
board member
$1k
$1k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 13%
from 2022

From $340k in 2022 to $295k in 2023.

$340k
2022
$295k
2023
In today's dollarsEst.
Down 17% in real terms$390k to $326k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MADELIA HEALTH reported revenue and expenses across 2 filing years.

RevenueExpenses
$18.2M
$20.6M
2022
$21M
$23.8M
2023
Total revenue and total expenses from IRS Form 990 filings.
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