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Nonprofiteer
← SWEDISH AMERICAN REALTY CORPORATION

Form 990 for tax year 2023

Filed by SWEDISH AMERICAN REALTY CORPORATION.

Totals

Total revenue
$6,478,183
Total expenses
$5,329,289
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,312,877
Investment income
-$23,863
Other revenue
$189,169
Total assets, end of year
$29,780,409
Total liabilities, end of year
$9,734,175
Net assets or fund balances, end of year
$20,046,234
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Rental Income

    total $6,312,877 · related or exempt $6,312,877

  • 6a · Gross rents

    real property $589,616

  • 6b · Less rental expenses

    real property $400,447

  • 6c · Rental income or loss

    real property $189,169

  • 6d · Net rental income or loss

    total $189,169 · excluded $189,169

  • 7a · Gross sales of assets other than inventory

    other assets $20,000

  • 7b · Less cost or other basis and sales expenses

    other assets $43,863

  • 7c · Gain or loss

    other assets -$23,863

  • 7d · Net gain or loss

    total -$23,863 · excluded -$23,863

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $41,868

  • 11c · Fees: accounting

    total $2,304

  • 11g · Fees: other

    total $236,843

  • 13 · Office expenses

    total $9

  • 14 · Information technology

    total $58,100

  • 16 · Occupancy

    total $2,508,281

  • 22 · Depreciation, depletion and amortization

    total $1,891,821

  • 23 · Insurance

    total $64,813

  • 24a · Other expenses: Repairs/Maintenance

    total $525,205

  • 24e · All other expenses

    total $45

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300 · end of year $300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $81,095 · end of year $91,428

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

    $48,380,608

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

    $22,680,402

  • 10c · Land, buildings and equipment, net

    beginning of year $11,095,729 · end of year $25,700,206

  • 13 · Investments: program-related

    beginning of year $225,000 · end of year $225,000

  • 15 · Other assets

    beginning of year $7,800,878 · end of year $3,763,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $305,662 · end of year $212,292

  • 25 · Other liabilities

    beginning of year $0 · end of year $9,521,883

  • 27 · Net assets without donor restrictions

    beginning of year $18,897,340 · end of year $20,046,234

Mission and programs · 2023

Mission

None

Activities or mission (Part I)

Title Holding Company

  • SwedishAmerican Realty Corporation is the title holding company for SwedishAmerican Health System Corporation, a 501(c)(3) tax exempt entity. SwedishAmerican Realty Corporation leases property to subsidiaries of SwedishAmerican Health System and other third parties.

As filed on the 2023 return.

Listed in Part VII

  • Travis Andersen

    President & CEO

    Total calculated
    $1,155,921
    From this org
    $0
    From related orgs
    $948,984
    Other
    $206,937
    Hours/week
    2 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $797,792 related
    Bonus
    $0 + $123,125 related
    Other
    $0 + $28,067 related
    Deferred
    $0 + $159,713 related
    Nontaxable benefits
    $0 + $47,224 related
    Filer's total
    $0 + $1,155,921 related

  • Jeffrey Hultman

    Director

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Daniel T Ross

    Director

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Patricia DeWane

    Treasurer/Secretary

    Total calculated
    $578,277
    From this org
    $0
    From related orgs
    $497,721
    Other
    $80,556
    Hours/week
    2 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $426,805 related
    Bonus
    $0 + $67,788 related
    Other
    $0 + $3,128 related
    Deferred
    $0 + $72,684 related
    Nontaxable benefits
    $0 + $7,872 related
    Filer's total
    $0 + $578,277 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

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 President & CEO 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, Line 4b
Contributions to the 457(f) plan during 2023 include: Travis Andersen - $151,133; Patricia DeWane - $46,284. 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).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

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 Unitrusts (5)

    T · Trust · IL · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202521279349303152

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