Skip to content
Nonprofiteer
← THEDACARE INC

Form 990 for tax year 2024

Filed by THEDACARE INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 14 May 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$210,835,328 changed to $432,579,531
Total expenses
$236,139,295 changed to $495,182,713
Contributions and grants received
$1,339,141 changed to $727,358
Grants paid
$1,100,956 changed to $1,194,515
Program service revenue
$187,895,026 changed to $351,438,418
Investment income
$17,298,761 changed to $51,088,482
Other revenue
$4,302,400 changed to $29,325,273
Total assets, end of year
$1,333,239,937 changed to $1,486,972,569
Total liabilities, end of year
$1,980,259,471 changed to $1,848,268,938
Net assets or fund balances, end of year
-$647,019,534 changed to -$361,296,369
Program services expenses
$183,330,638 changed to $386,240,667
Management and general expenses
$52,808,657 changed to $108,942,046
Program service expenses (Part III)
$183,330,638 changed to $386,240,667

Listed only on the earlier return

  • David Koeper MD

Listed only on the later return

  • David Koeper
  • Scott Hawig

Listed under a different title

  • Chuck Dallas: CHAIR, BOARD MEMBER then CHAIRPERSON, BOARD MEMBER
  • William Flett: TREASURER, Chief Financial Officer then CHIEF FINANCIAL OFFICER, TREASURER

Totals

Total revenue
$210,835,328
Total expenses
$236,139,295
Contributions and grants received
$1,339,141
Grants paid
$1,100,956
Program service revenue
$187,895,026
Investment income
$17,298,761
Other revenue
$4,302,400
Total assets, end of year
$1,333,239,937
Total liabilities, end of year
$1,980,259,471
Net assets or fund balances, end of year
-$647,019,534
Program services expenses (Part IX)
$183,330,638
Management and general expenses
$52,808,657
Fundraising expenses
$0
Program service expenses (Part III)
$183,330,638

Program services were 77.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1d · Related organizations

    $276,460

  • 1e · Government grants (contributions)

    $255,377

  • 1f · All other contributions, gifts and grants

    $807,304

  • 2a · Program service revenue: Net Patient Service Revenue

    total $143,025,374 · related or exempt $143,025,374

  • 2b · Program service revenue: Management Service Fees

    total $15,484,305 · related or exempt $15,484,305

  • 2c · Program service revenue: OTHER PROFESSIONAL SERVICE REVENUE

    total $16,133,075 · related or exempt $15,958,740 · unrelated business $174,335

  • 2d · Program service revenue: ACO REVENUE

    total $10,186,869 · related or exempt $10,186,869

  • 2e · Program service revenue: Information Technology

    total $3,065,403 · related or exempt $631,062 · unrelated business $2,434,341

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $9,689,052 · excluded $9,689,052

  • 6a · Gross rents

    real property $255,756

  • 6c · Rental income or loss

    real property $255,756 · personal property $0

  • 6d · Net rental income or loss

    total $255,756 · excluded $255,756

  • 7a · Gross sales of assets other than inventory

    securities $7,604,309 · other assets $5,400

  • 7c · Gain or loss

    securities $7,604,309 · other assets $5,400

  • 7d · Net gain or loss

    total $7,609,709 · excluded $7,609,709

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: INDEPENDENT LIVING

    total $3,245,861 · related or exempt $3,245,861

  • 11b · Other revenue: SENIOR CARE AND HOSPICE

    total $227,659 · related or exempt $227,659

  • 11c · Other revenue: LEARNING CENTER

    total $333,783 · related or exempt $333,783

  • 11d · All other revenue

    total $239,341 · related or exempt $0 · unrelated business $0 · excluded $239,341

  • 11e · Other revenue, total

    $4,046,644

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,100,956 · program services $1,100,956

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $3,554,240 · program services $2,843,392 · management and general $710,848

  • 6 · Compensation of disqualified persons

    total $583,166 · program services $466,533 · management and general $116,633

  • 7 · Other salaries and wages

    total $130,766,162 · program services $107,709,791 · management and general $23,056,371

  • 8 · Pension plan contributions

    total $3,654,970 · program services $2,726,705 · management and general $928,265

  • 9 · Other employee benefits

    total $12,291,763 · program services $9,216,320 · management and general $3,075,443

  • 10 · Payroll taxes

    total $9,180,081 · program services $6,885,061 · management and general $2,295,020

  • 11d · Fees: lobbying

    total $53,195 · management and general $53,195

  • 11f · Fees: investment management

    total $528,352 · management and general $528,352

  • 11g · Fees: other

    total $16,674,506 · program services $12,545,776 · management and general $4,128,730 · fundraising $0

  • 12 · Advertising and promotion

    total $3,023,849 · program services $2,267,887 · management and general $755,962

  • 13 · Office expenses

    total $4,229,799 · program services $3,172,349 · management and general $1,057,450

  • 14 · Information technology

    total $17,575,171 · program services $13,181,378 · management and general $4,393,793

  • 16 · Occupancy

    total $10,090,639 · program services $7,567,979 · management and general $2,522,660

  • 17 · Travel

    total $567,032 · program services $425,274 · management and general $141,758

  • 19 · Conferences, conventions and meetings

    total $858,233 · program services $643,675 · management and general $214,558

  • 20 · Interest

    total $5,511,193 · management and general $5,511,193

  • 22 · Depreciation, depletion and amortization

    total $4,948,977 · program services $3,711,733 · management and general $1,237,244

  • 23 · Insurance

    total $1,348,208 · program services $1,011,156 · management and general $337,052

  • 24a · Other expenses: Equipment and Maintenance

    total $7,854,673 · program services $7,854,673

  • 24b · Other expenses: SUPPLIES AND ALLOCATED COSTS

    total $936,974 · management and general $936,974

  • 24c · Other expenses: Unrelated Business Income Tax

    total $807,156 · management and general $807,156

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,453 · end of year $412,556

  • 2 · Savings and temporary cash investments

    end of year $10,433,630

  • 4 · Accounts receivable

    beginning of year $48,139,656 · end of year $55,878,200

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $914,280 · end of year $818,973

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,616,046 · end of year $16,320,068

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

    $234,376,740

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

    $12,303,005

  • 10c · Land, buildings and equipment, net

    beginning of year $139,459,510 · end of year $222,073,735

  • 11 · Investments: publicly traded securities

    beginning of year $784,477,604 · end of year $824,676,421

  • 12 · Investments: other securities

    beginning of year $135,095,767 · end of year $129,766,073

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $87,260,308 · end of year $72,860,281

  • 17 · Accounts payable and accrued expenses

    beginning of year $545,706,769 · end of year $151,869,950

  • 19 · Deferred revenue

    beginning of year $19,095,391 · end of year $20,615,767

  • 20 · Tax-exempt bond liabilities

    beginning of year $292,036,862 · end of year $289,413,032

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,076,597,785 · end of year $1,518,360,722

  • 27 · Net assets without donor restrictions

    beginning of year -$724,453,183 · end of year -$647,029,534

  • 28 · Net assets with donor restrictions

    beginning of year $10,000 · end of year $10,000

Mission and programs · 2024

Mission

To provide the highest quality health care, delivered in the most efficient and cost-effective ways, and accessible to all members of the community.

Activities or mission (Part I)

Improving the health of our community.

  • Effective January 1, 2024, Thedacare, Inc. is part of Froedtert Thedacare Health, Inc. Continuing its commitment to improving the health of the communities it serves in the Northeast and Central Wisconsin. The organization delivers care to residents in 18 counties and employs approximately 7,000 health care professionals. ThedaCare has 180 points of care, including seven hospitals. As an organization committed to being a leader in population health, team members are dedicated to empowering people to live their best lives through easy access to individualized care, supporting each person's own health and wellbeing. ThedaCare also partners with communities to understand unique needs, finding solutions together, and encouraging health awareness and action. ThedaCare is the first in Wisconsin to be a Mayo Clinic care network member, giving specialists the ability to consult with Mayo Clinic experts on a patient's care. ThedaCare is a not-for-profit health system with a level II trauma center, comprehensive cancer treatment, stroke and cardiac programs, as well as primary care. ThedaCare operates one of nine nationally verified level II trauma centers in the state of Wisconsin ThedaCare regional medical center-Neenah. A significant feature of the ThedaCare trauma program is ThedaStar. The air medical program provides immediate medical care, helicopter transports and transfers for trauma patients and critically ill patients, including transport from our rural hospitals. This collaboration allows for our teams, across the entire region, to work in concert with each other. There are 17 counties served within the primary and secondary service areas. ThedaCare offers a strong primary care network. Additional health and care services through employed and affiliated provider relationships include orthopedic care, cardiovascular care, cancer care, hematology, bariatrics care, behavioral health, diabetes care, spine and neurological care, stroke care, nephrology, ophthalmology, urology, pulmonary, women's health and more. Most clinics also offer diagnostic services such as X-ray, ultrasound, MRI, CAT scan, mammography and medical laboratory testing. In addition, we offer a convenient walk-in care, fastcare, and E-visits for enhanced community access to healthcare. Children's hospital of Wisconsin-Fox Valley opened in 2011 and is locate within ThedaCare regional medical center-Neenah. ThedaCare and CHW partner to ensure the community has access to high levels of care. ThedaCare is committed to community focused efforts identified in the community needs health assessment in counties where services are provided. Specific community efforts are detailed for each county in each individual hospital report enclosed in this submission. ThedaCare operates on a non-discriminatory basis regardless of race, color, sex, religion, or national origin. ThedaCare provides a variety of financial assistance options to patients who meet established criteria. Services are also provided to both Medicare and Medicaid patients at substantial discounts from standard fees. Every year, ThedaCare publishes a community benefit report, which highlights our contributions to our communities in Northeast and Central Wisconsin. We take into account ways in which our system addresses unmet health needs in the community for which reimbursement is not received. Between January 1, 2024 and June 30, 2024, the total dollar value of that donated community support, called community benefit, amounted to over $28 million across the service area. ThedaCare addresses unmet health needs through training men and women to become doctors and nurses, improving access to behavioral health care, supporting medical research through clinical trials and by providing care to those without the financial resources to pay, as examples. ThedaCare provides operational and administrative support services for hospitals, medical clinics and various other healthcare providers. Centralizing these services allows medical professionals to concentrate on giving their patients the best possible care. While enjoying the benefits of efficient and cost-effective business management. ThedaCare's main operational services includes a reference laboratory, transcription services, biomedical equipment, maintenance, plus a medical reference library, staff education, and professional development programs. Many senior citizens subscribe to "lifeline", a monitored help/alarm system connected to ThedaCare's nurse-staffed 24-hour call center. The call center also answers health questions, helps people located a physician, refers callers to additional sources of information, and enrolls callers into community-focused classes on health-related topics. Administrative services include human resources, payroll, purchasing, finance and accounting, printing, services for medical & administrative materials, organizational development, internal education and improvement systems, quality assurance for both internal and public reporting, marketing, community outreach and education programs, communication systems, security and legal compliance, and full-spectrum information technology planning & support. ThedaCare offers a variety of long-term care options. ThedaCare at home serves people of all ages throughout Northeast and Central Wisconsin, including adults, children, and infants. Most have short-term skilled care or rehabilitation needs following a hospitalization or illness. Others need temporary or ongoing assistance for chronic conditions. ThedaCare also offers independent living, assisted living, or skilled care units, at the Heritage, Peabody Manor, and Juliette Manor communities. Cherry Meadows hospice provides care for end-of-life residents in a dignified, compassionate environment.

    Expenses $183,330,638 · Grants $1,100,956 · Revenue $189,093,653

As filed on the 2024 return.

Listed in Part VII

  • Chuck Dallas

    CHAIR, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Imran Andrabi MD

    President & CEO - System

    Total calculated
    $0
    Hours/week
    11 + 29 related

  • Paul Van Den Heuvel

    SECRETARY, BOARD MEMBER, CHIEF LEGAL OFFICER

    Total calculated
    $0
    Hours/week
    12 + 28 related

  • Alan Loux

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • David Koeper MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Laurie Carter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Mary Goggans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Michael Morse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Steven Price

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Brian Sterns

    Chief Digital Health Officer

    Total calculated
    $0
    Hours/week
    12 + 28 related

  • Maggie Lund

    Chief Culture and Integration Officer

    Total calculated
    $0
    Hours/week
    12 + 28 related

  • William Flett

    TREASURER, Chief Financial Officer

    Total calculated
    $0
    Hours/week
    11 + 29 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.

Grants 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ThedaCare ACO LLC

    Accountable Care Organization · WI · income $1,232,509 · assets $30,312,257

    Directly controlled by ThedaCare Inc

  • ThedaCare Core ACO LLC

    Accountable Care Organization · WI · income $34 · assets $7,369,555

    Directly controlled by ThedaCare Inc

  • 2300 EAST CAPITAL DRIVE LLC

    HOLDING COMPANY · WI · income $121,588 · assets $5,082,580

    Directly controlled by THEDACARE INC

  • 424 OREGON STREET LLC

    HOLDING COMPANY · WI · income $0 · assets $2,651,599

    Directly controlled by THEDACARE INC

  • MOONSHADOW CB LLC

    HOLDING COMPANY · WI · income $0 · assets $3,597,806

    Directly controlled by THEDACARE INC

  • ONEIDA 441 LLC

    HOLDING COMPANY · WI · income $0 · assets $3,225,701

    Directly controlled by THEDACARE INC

  • OREGON ASC LLC

    HOLDING COMPANY · WI · income $0 · assets $0

    Directly controlled by THEDACARE INC

  • OREGON REALCO LLC

    HOLDING COMPANY · WI · income $0 · assets $0

    Directly controlled by THEDACARE INC

Related partnerships

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

  • N APPLETON AMBULATORY CARE CENTER BUILDING COMPANY LLC

    N/A · RENTAL · WI

    Directly controlled by NA

  • ENCIRCLE REALCO LLC

    Excluded · PROPERTY HOLDING · OH

    Directly controlled by THEDACARE REGIONAL MEDICAL CENTER - APPLETON INC

  • FROEDTERT SURGERY CENTER LLC

    Related · SURGERY CENTER · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FMLH MCW REAL ESTATE VENTURES LLC

    Related · REAL ESTATE · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • WISCONSIN DIAGNOSTIC LABORATORIES LLC

    Related · LAB SERVICES · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • DREXEL TOWN SQUARE SURGERY CENTER LLC

    Related · SURGERY CENTER · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • MENOMONEE FALLS AMBULATORY SURGERY CTR

    Related · SURGERY CENTER · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT & THE MCW NETWORK LLC

    N/A · HEALTH CARE · WI

    Directly controlled by NA

  • FROEDTERT & THE MCW ACO LLC

    N/A · HEALTH CARE · WI

    Directly controlled by NA

  • WEST BEND SURGERY CENTER LLC

    Related · HEALTHCARE SERVICES · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NATIONAL LABORATORY NETWORK LLC

    Related · LABORATORY SVCS · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • D1 SPORTS TRAINING OF MILWAUKEE LLC

    Related · SPORTS MEDICINE · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • THP-FROEDTERT HEALTH VENTURES LLC

    Related · HEALTH CARE · TX

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FHHP LLC

    Related · HEALTH CARE · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

Related corporations and trusts

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

  • HART'S MILL INSURANCE COMPANY

    C Corporation · SELF-INSURANCE · CJ

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FH INVESTMENT HOLDINGS INC

    C Corporation · INVST HOLD CO · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NETWORK HEALTH INC

    C Corporation · HEALTHCARE ADMIN · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NETWORK HEALTH INSURANCE CORP

    C Corporation · SERVICE INSURANCE · WI

    Directly controlled by NETWORK HEALTH INC

  • NETWORK HEALTH PLAN

    C Corporation · HEALTH INSURANCE · WI

    Directly controlled by NETWORK HEALTH INC

  • HOLY FAMILY HEALTH SERVICES INC

    C Corporation · HEALTH CARE · WI

    Directly controlled by FROEDTERT THEDACARE HEALTH

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2025
IRS schema version
2024v5.1
Source object
202521349349304617

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.