Milwaukee Regional Medical Center Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE PRIMARY PURPOSE OF THE MEDICAL CENTER IS TO AID AND SUPPORT THE DEVELOPMENT AND PROVISION OF HEALTH SERVICES IN WISCONSIN BY ASSISTING ITS MEMBERS TO DEVELOP AND OPERATE PROGRAMS OF EDUCATION, RESEARCH, AND PATIENT CARE. THE MEDICAL CENTER ALSO FACILITATES THE EFFICIENT DEVELOPMENT AND FUNCTIONING OF THE MEDICAL CENTER CAMPUS.
- Income
- $7.1 million
- Spending
- $4.1 million
- Spent on programs
- 60%
- Reserves
- -124 months of spending
- Largest source of income
- fees for its services, 90%
- Employees
- 55
- Volunteers
- 6
- Highest pay
- $307,226, vp of operations
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 40 out of 100. Higher than 13% of charities in its peer group (health care, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20It owes 88% of what it owns.
Living within its means
15 of 15Income exceeded spending by 43% of income.
Income trend
15 of 15Income rose 15% on the year before.
Spending floor
8 of 1560% of spending went to programs.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 67% of charities in its peer group (health care, $1m to $10m).
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $2.5 million spent. MRMC INFRASTRUCTURE OWNS, DEVELOPS, CONSTRUCTS, IMPROVES, MAINTAINS, AND REPLACES TRANSPORTATION AND UTILITY INFRASTRUCTURE IMPROVEMENTS ON THE MRMC CAMPUS.
- MILWAUKEE REGIONAL MEDICAL CENTER,INC. (THE CENTER) AND SUBSIDIARIES (COLLECTIVELY MRMC) IS A NONSTOCK, NOT-FOR-PROFIT VOLUNTARY CONSORTIUM OF PRIVATE NONPROFIT INSTITUTIONS THAT ARE INVOLVED IN THE DELIVERY OF HEALTH SERVICES, THE EDUCATION OF HEALTH PERSONNEL, THE CONDUCT OF HEALTH-RELATED RESEARCH AND THE PROVISION OF SUPPORT PER THERMAL, WATER AND INFRASTRUCTURE SERVICES TO ITS MEMBERS. MRMC'S CORE MEMBERS ARE CHILDREN'S HOSPITAL OF WISCONSIN, FROEDTERT MEMORIAL LUTHERAN HOSPITAL AND THE MEDICAL COLLEGE OF WISCONSIN. AFFILIATE MEMBERS INCLUDE THE VERSITI BLOOD CENTER OF WISCONSIN. THE PURPOSES OF MRMC ARE (1) TO AID AND SUPPORT THE DEVELOPMENT AND PROVISION OF TERTIARY LEVEL HEALTH SERVICES IN THE MILWAUKEE REGION BY ASSISTING ITS MEMBERS TO DEVELOP AND OPERATE HIGH-QUALITY, EFFICIENT PROGRAMS OF EDUCATION, RESEARCH AND PATIENT CARE AND (2) TO FACILITATE THE EFFICIENT DEVELOPMENT AND FUNCTIONING OF THE MRMC CAMPUS.THE CENTER CONDUCTS PLANNING, COORDINATING AND DEVELOPMENT ACTIVITIES AND, WHEN APPROPRIATE, ORGANIZES AND/OR OPERATES SUCH PROGRAMS AND SERVICES TO ACHIEVE THESE PURPOSES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 1972.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Yuma Regional Medical Center (Yuma, AZ), EIN 86-6007596. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.