Velarion Records

Critical access hospital · Baldwin, Wisconsin · 25 beds · CMS certification number 521347

Baldwin Area Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 16, 2026. 21 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$80.8M
$80,817,074 · G-3 line 3
Operating expenses
$79.5M
$79,523,830 · G-3 line 4
Result from patient care
$1.3M
$1,293,244 · G-3 line 5
Margin on patient care
1.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $23.5M in its first year on file (2005) to $80.8M in 2025.
  • Its result from patient care: $2.6M (2023), $5.3M (2024), $1.3M (2025).
  • 4 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 4.8% of its inpatient days and Medicare for 26.8%.

Every statement is drawn from figures on this page; nothing is estimated.

21 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2005
settled
$23.5M
$22.4M
2006
settled
$24.5M
$24.3M
2007
settled with audit
$24.4M
$25.5M
2008
reopened
$24.2M
$25.3M
2009
settled
$24.5M
$24.8M
2010
settled
$27.0M
$26.7M
2011
settled
$30.1M
$29.1M
2012
settled
$33.4M
$30.5M
2013
settled
$31.3M
$30.7M
2014
settled
$32.9M
$33.4M
2015
settled
$35.5M
$35.7M
2016
settled
$36.5M
$39.3M
2017
settled with audit
$42.3M
$44.0M
2018
settled
$41.2M
$46.2M
2019
settled
$45.4M
$47.9M
2020
settled
$49.3M
$49.6M
2021
settled
$57.7M
$56.1M
2022
settled
$63.1M
$63.8M
2023
settled
$66.5M
$63.9M
2024
as submitted
$73.8M
$68.5M
2025
as submitted
$80.8M
$79.5M

Beside its peers

Critical access hospitals in Wisconsin with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Baldwin Area Medical Center25$80,817,074$79,523,8301.6%
Adventhealth Durand, Durand25$20,504,259$19,148,4426.6%
Amery Hospital & Clinic, Amery25$91,255,557$85,208,2766.6%
Aspirus Eagle River Hospital, Eagle River25$21,407,672$17,753,43117.1%
Gundersen Moundview Hospital and Clinics, Friendship25$25,938,508$26,843,965−3.5%
Gundersen St. Joseph's Hospital and Clinics, Hillsboro25$46,891,316$41,642,72111.2%

Patients and payers

Discharges
2,343
S-3 line 14, col 15
Inpatient days
3,190
S-3 line 14, col 8
Beds in use, on an average day
8.8
days ÷ days in year
Occupancy
35.0%
days ÷ bed days
Medicare share of days
26.8%
S-3 cols 6 ÷ 8
Medicaid share of days
4.8%
S-3 cols 7 ÷ 8

Who owns it

Type of control on its cost report: voluntary nonprofit, other.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by BALDWIN AREA MEDICAL CENTER INC (employer identification number 390808526) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$9,250,624IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$179,786IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$0IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$179,786IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$9,070,838IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.1425IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202412259349301101. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by BALDWIN AREA MEDICAL CENTER INC (employer identification number 390808526) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ALISON PAGECFO (FORMER)Former$149,968$0$4,499
BRANDON GRABERDIRECTORTrustee/director$0$0$0
CHRISTINE PENFIELDDIRECTORTrustee/director$0$0$0
CHRISTOPER BABBITTDIRECTORTrustee/director$0$0$0
CHUKWUNONSO CHIMEMDHighest-compensated employee$598,589$0$44,791
DANE RASMUSSENDIRECTORTrustee/director$0$0$0
DANIELLE JOHNSONPRESIDENTTrustee/director, Officer$0$0$0
DEANNE KOLLSECRETARY/TREASURERTrustee/director, Officer$0$0$0
DENNIS HARTUNGOB/GYNHighest-compensated employee$410,364$0$9,150
EILIDH PEDERSONCEOOfficer$362,393$0$38,765
ERIC RUSSELLDIRECTORTrustee/director$0$0$0
FAISAL ANWARMDHighest-compensated employee$423,259$0$6,150
JOHN BUELOWVICE CHAIRTrustee/director, Officer$0$0$0
LEA KAISERCFOOfficer$131,420$0$24,140
NILIN RAJMDHighest-compensated employee$352,414$0$49,237
PETER DAHLBERGMDHighest-compensated employee$402,551$0$9,150
ROBERT STEVENSDIRECTOR (THRU 10/2022)Trustee/director$0$0$0
RON SILERDIRECTORTrustee/director$0$0$0
SHANE BAUERDIRECTORTrustee/director$0$0$0

E-file object id 202412259349301101. The IRS archive it was read from.

Follow this hospital, free

We send this record now and tell you when it files again.

More critical access hospitals in Wisconsin

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 521347. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read March 16, 2026.