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Rochester, MN (KROC-AM News) - Minnesota's largest private employer is reporting record financial results for the third quarter of this year.

In a required financial filing, the Mayo Clinic today reported its income from current activities rose to $324 million from July through September. That’s up $36 million when compared to the previous third-quarter record set last year, but is $127 below the income from activities from the April through June period, which set was a new record high for Mayo's second quarter.

The report shows Mayo's revenues for the previous quarter exceeded $4 billion. That's also a record for the third quarter and is up 10-percent when compared to last year. Mayo's expenses for the quarter nearly paced revenues, rising almost 10-percent to just under $3.7 billion.

Kim David/TSM
Kim David/TSM

Since the beginning of the year, the Mayo Clinic’s income from activities has already topped $1 billion and revenues have risen to $11.7 billion. Expenses for the first 9-months of the year have reached almost $10.7 billion. The revenue total is up more than $1.7 billion when compared to a year ago, while expenses rose by just under $1.1 billion.

The unaudited report was filed with the online Electronic Municipal Market Access site, a service of the Municipal Securities Rulemaking Board. The report is required because of municipal bonds sold by Mayo to finance various economic development projects.

Sam's Christmas Village Features 8-Million Lights!

If you are looking for something fun, festive, and safe to do you should take your family to Sam’s Christmas Village! The attraction, located in Somerset WI, is lit up with 8-million Christmas lights, a 50ft animated tree, and several new Christmas displays.

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