Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $573,959

• 3 · Investment income

  total $577,629 · excluded $577,629

• 6a · Gross rents

  real property $60,290

• 6b · Less rental expenses

  real property $60,290

• 6c · Rental income or loss

  real property $0

• 6d · Net rental income or loss

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $261,058 · program services $261,058

• 5 · Compensation of officers, directors and key employees

  total $223,495 · fundraising $223,495

• 7 · Other salaries and wages

  total $71,288 · fundraising $71,288

• 9 · Other employee benefits

  total $4,838 · fundraising $4,838

• 10 · Payroll taxes

  total $17,965 · fundraising $17,965

• 11c · Fees: accounting

  total $744 · management and general $744

• 11f · Fees: investment management

  total $29,019 · management and general $29,019

• 11g · Fees: other

  total $68,379 · fundraising $68,379

• 12 · Advertising and promotion

  total $59,898 · fundraising $59,898

• 13 · Office expenses

  total $11,316 · fundraising $11,316

• 14 · Information technology

  total $25,522 · fundraising $25,522

• 16 · Occupancy

  total $50,821 · fundraising $50,821

• 19 · Conferences, conventions and meetings

  total $2,602 · fundraising $2,602

• 22 · Depreciation, depletion and amortization

  total $8,428 · fundraising $8,428

• 23 · Insurance

  total $416 · fundraising $416

• 24a · Other expenses: Misc Fees

  total $22,456 · fundraising $22,456

• 24b · Other expenses: Repairs & Maintenance

  total $7,270 · fundraising $7,270

• 24c · Other expenses: Special Function Fee

  total $3,226 · fundraising $3,226

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $12,311

• 3 · Pledges and grants receivable

  beginning of year $4,344 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $171,233 · end of year $158,522

• 10a · Land, buildings and equipment: cost or other basis

  $2,006,673

• 10b · Land, buildings and equipment: accumulated depreciation

  $170,707

• 10c · Land, buildings and equipment, net

  beginning of year $1,856,142 · end of year $1,835,966

• 12 · Investments: other securities

  beginning of year $13,018,856 · end of year $14,083,497

• 15 · Other assets

  beginning of year $4,638,833 · end of year $5,270,033

• 17 · Accounts payable and accrued expenses

  beginning of year $196,453 · end of year $271,747

• 25 · Other liabilities

  beginning of year $354,674 · end of year $348,278

• 27 · Net assets without donor restrictions

  beginning of year $11,188,597 · end of year $12,011,380

• 28 · Net assets with donor restrictions

  beginning of year $7,949,684 · end of year $8,728,924

The filer's explanations (Part III)

Part I, Line 3

All compensation is determined by the Executive Compensation Committee of SwedishAmerican Health System Corporation and is paid by UW Health SwedishAmerican Hospital. All compensation decisions are made by independent persons. With respect to the Executive Director and other Officers, SwedishAmerican Health System Corporation follows a compensation approval procedure annually that involves approval of proposed and final compensation arrangements by SwedishAmerican Health System Corporation's Executive Compensation Committee using comparability data, as well as contemporaneous documentation of compensation decisions in the minutes.

Part I, Lines 4a-b

Severance payments during 2023 include: Tom O'Connor - $573,462; William Mewes - $87,850. These payments are reported as taxable compensation on Part II, column (B)(iii). Contributions to the 457(f) plan during 2023 include: Travis Andersen - $151,133; Faisal Ababneh - $55,164; Timothy Flynn MD - $56,040; Patricia DeWane - $46,284; Julia Zimmerman - $29,700; Rose Jeschke - $30,972; James Cole - $32,312. Payments from the 457(f) plan during 2023 include: Julia Zimmerman - $18,973. These payments are reported as taxable income on Part II, column (B) (iii). Part II, Column F: The amounts shown in column F were reported as deferred compensation in prior years but paid out in the current year. The amounts are also included in column (B) (iii).

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Chartwell Wisconsin Enterprises LLC

  Parent Entity of CW and CMW-HR · WI

• Sixth Street Medical LLC

  Real Estate · WI

• Three Rivers Partners LLC

  Information Technology Services · IL

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Physician's Care Network

  C · Health Services · IL · controlled entity

• Quartz Health Benefit Plans Corporation

  C · Health Maintenance Organization · WI

• Quartz Health Insurance Corporation

  C · Health Maintenance Organization · WI

• Quartz Health Solutions Inc

  C · Insurance · WI

• Quartz Holding Company

  C · Holding Company · WI

• State & Charles Inc

  C · Holding Company · IL · controlled entity

• SwedishAmerican Health Management Corp

  C · Management Services · IL · controlled entity

• Wisconsin Dialysis Inc

  C · Dialysis services · WI

• Charitable Remainder Unitrust (5)

  T · Trust · IL · controlled entity

  Directly controlled by SwedishAmerican Health Foundation