IRS Form 990 · EIN 38-3952644

Mayo Clinic Group Return

Rochester, MN 55903-4007 · Tax year 2023

NTEE E21Hospital System

$13.97B

Total revenue

$13.78B

Total expenses

$-4.5M

Net income

-0.0%

Operating margin

Financial summary

Hospital-specific data — what the org reports to defend tax-exempt status

Compared to 32 organizations with NTEE E21 in MN

Avg revenue (peers)

$784.8M

This org:$13.97B

Avg net income (peers)

$14.4M

This org:$-4.5M

Avg top exec comp (peers)

$415K

This org (highest):$4.9M

281 officers + key employees from the most recent Schedule J filing (FY2024; the financial summary above is FY2023)

Name	Title	Hours/wk	Base comp	Total comp
FARRUGIA MD GIANRICO	DIRECTOR/CEO/PRESIDENT	40	$3.9M	$4.9M
THIELEN MD KENT R	DIRECTOR/CHAIR/CEO FL	40	$2.6M	$3.2M
GRAY MD RICHARD J	DIR/CHAIR/CEO AZ/FORMER KEY	40	$2.6M	$3.2M
WILLIAMS MD AMY W	DIR/VICE CHAIR/EXEC DEAN OF PRACTICE	40	$1.9M	$2.3M
ZORN CHRISTINA K	DIR/CAO/FORMER OFFICER	40	$1.7M	$2.2M
DAHLEN DENNIS E	DIRECTOR/VP/FORMER OFFICER	40	$1.7M	$2.0M
PHAM MD SI M	PHYSICIAN	40	$610K	$2.0M
MURPHY JOSHUA B	SECRETARY/ASST SECY	40	$1.5M	$1.8M
GORMAN PAUL A	TREASURER	40	$899K	$1.7M
QUINONES-HINOJOSA MD ALFREDO	DIRECTOR	40	$1.5M	$1.7M
ROSS CHRISTOPHER J	CHIEF INFORMATION OFFICER	40	$942K	$1.6M
WILLMAN MD CHERYL L	DIR/EXEC DIR CANCER PROGRAMS	40	$1.3M	$1.6M
NOTTMEIER MD ERIC W	PHYSICIAN	40	$1.3M	$1.6M
BENDOK MD BERNARD R	CHAIR-NEURO SURGERY	40	$1.3M	$1.6M
HALAMKA MD JOHN D	PRESIDENT-MAYO CLINIC PLATFORM	40	$1.3M	$1.5M
TAWK MD RABIH G	PHYSICIAN	40	$1.3M	$1.5M
MEYER MD FREDRIC B	DIR/EXEC DEAN OF EDU	40	$1.2M	$1.5M
VARKEY MBBS PRATHIBHA	DIRECTOR/PRESIDENT MCHS	40	$1.3M	$1.5M
ZIMMERMAN MD RICHARD S	PHYSICIAN	40	$1.2M	$1.5M
WIECHMANN MD ROBERT J	MCHS CLINICAL PRACTICE VICE CHAIR WI	40	$1.1M	$1.4M
MENKOSKY PAULA E	CHIEF HR OFFICER/FORMER OFFICER	40	$1.0M	$1.3M
DIDEHBAN ROSHANAK	DIRECTOR/SECY/ASST TREAS	40	$962K	$1.1M
GILLIGAN SHERRI W	CHIEF MARKETING OFFICER	40	$951K	$1.1M
HOXWORTH MD JOSEPH M	DIRECTOR	40	$800K	$970K
FAUBION MD WILLIAM A	DIRECTOR	40	$754K	$956K

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2024	—	—	—	—
2023	$13.97B	$13.78B	$-4.5M	$17.75B
2022	$12.57B	$12.43B	$-27K	$14.63B
2021	$12.64B	$12.31B	$8.1M	$14.73B
2020	$10.82B	$10.66B	$-3.8M	$13.95B
2019	$10.42B	$9.95B	$-98K	$12.52B
2018	$11.18B	$10.91B	$-2.3M	$11.73B
2017	$11.05B	$10.46B	$768K	$10.81B
2016	$9.52B	$9.23B	$-4.2M	$10.03B

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