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Filing year 2023

MADISON HEALTHCARE SERVICES

Madison, Minnesota·EIN 41-0706115·NTEE E22 · Health Care·3
Total revenue
$21.3M
Total assets
$45.6M
Total expenses
$21.8M
Reported officers
15
Mission

MADISON HEALTHCARE SERVICES, WHICH INCLUDES THE MADISON LUTHERAN HOME, MADISON HOSPITAL, LAC QUI PARLE CLINIC, AND SUBSIDIARIES, IS COMMITTED TO ENRICH THE LIVES OF EVERYONE WE SERVE, GUIDED BY OUR CHRISTIAN HERITGAGE AND VALUES.

Executive compensation, broken down

Form 990 · Schedule J · 7 reported individuals · Filing year 2023

MD
highest compensated employee
$483k
$534k
Base
$269k
Bonus
Other
$178k
Benefits
MD
highest compensated employee
$378k
$417k
Base
$300k
Bonus
Other
$47k
Benefits
$31k
MD
highest compensated employee
$279k
$308k
Base
$185k
Bonus
Other
$43k
Benefits
$45k
Base
$209k
Bonus
$3k
Other
Benefits
$45k
Nurse Practitioner
highest compensated employee
$173k
$191k
Base
$124k
Bonus
$24k
Other
$10k
Benefits
$15k
Physician Assistant
highest compensated employee
$146k
$161k

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.

Plus 8 unpaid individuals.

Browse compensation in Health Care

Up 14%
from 2022

From $424k in 2022 to $483k in 2023.

$424k
2022
$483k
2023
In today's dollarsEst.
Up 10% in real terms$486k to $534k

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

MADISON HEALTHCARE SERVICES reported revenue and expenses across 2 filing years.

RevenueExpenses
$20.7M
$20.9M
2022
$21.3M
$21.8M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Health Care executives earn in Minnesota

Comparable health care organizations in Minnesota pay their highest-earning executive a median of $98,834.

25th percentile
$35k
Median
$98,834
75th percentile
$242k
90th percentile
$667k

These are health care sector-wide figures, not this organization's reported pay. Based on 102 organizations across 102 filings (2021 – 2023).

See full Health Care pay data for Minnesota
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