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Nonprofiteer
← FROEDTERT THEDACARE HEALTH INC

Form 990 for tax year 2023

Filed by FROEDTERT THEDACARE HEALTH INC.

Totals

Total revenue
$2,769,299,631
Total expenses
$1,191,764,087
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,086,626,083
Investment income
$104,109,755
Other revenue
$1,578,563,793
Total assets, end of year
$5,534,856,914
Total liabilities, end of year
$1,350,576,120
Net assets or fund balances, end of year
$4,184,280,794
Program services expenses (Part IX)
$1,118,541,921
Management and general expenses
$73,222,166
Fundraising expenses
$0
Program service expenses (Part III)
$1,118,541,921

Program services were 93.9% 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.

  • 2a · Program service revenue: OTHER MANAGEMENT SUPPORT

    total $366,855,443 · related or exempt $366,855,443

  • 2b · Program service revenue: HUMAN RESOURCES SUPPORT

    total $278,281,353 · related or exempt $278,281,353

  • 2c · Program service revenue: OUTPATIENT REVENUE

    total $220,579,494 · related or exempt $220,579,494

  • 2d · Program service revenue: EMERGENCY DEPT REVENUE

    total $119,622,836 · related or exempt $119,622,836

  • 2e · Program service revenue: INFO TECH SUPPORT

    total $97,549,731 · related or exempt $97,549,731

  • 2f · All other program service revenue

    total $3,737,226 · related or exempt $3,737,226 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $61,896,297 · excluded $61,896,297

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,786,043,776

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

    securities $1,743,830,318

  • 7c · Gain or loss

    securities $42,213,458 · other assets $0

  • 7d · Net gain or loss

    total $42,213,458 · excluded $42,213,458

  • 11a · Other revenue: Inherent Contribution from ThedaCare

    total $1,562,207,475 · related or exempt $1,562,207,475

  • 11b · Other revenue: JOINT VENTURE REVENUE

    total $16,639,450 · related or exempt $17,326,464 · unrelated business -$687,014

  • 11c · Other revenue: Exceedent Revenue

    total $12,480 · related or exempt $12,480

  • 11d · All other revenue

    total -$295,612 · related or exempt -$295,612 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,578,563,793

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $26,276,371 · program services $26,276,371 · fundraising $0

  • 7 · Other salaries and wages

    total $291,950,498 · program services $291,950,498

  • 8 · Pension plan contributions

    total $62,456,467 · program services $62,456,467

  • 9 · Other employee benefits

    total $205,451,508 · program services $205,451,508

  • 10 · Payroll taxes

    total $20,611,864 · program services $20,611,864

  • 11b · Fees: legal

    total $4,934,018 · management and general $4,934,018

  • 11c · Fees: accounting

    total $973,464 · management and general $973,464

  • 11d · Fees: lobbying

    total $44,500 · management and general $44,500

  • 11g · Fees: other

    total $97,389,885 · program services $97,389,885 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $20,922,205 · program services $20,922,205

  • 13 · Office expenses

    total $12,177,984 · program services $1,628,508 · management and general $10,549,476

  • 14 · Information technology

    total $7,541,585 · program services $7,541,585

  • 16 · Occupancy

    total $19,738,132 · program services $17,403,238 · management and general $2,334,894

  • 17 · Travel

    total $702,857 · program services $427,321 · management and general $275,536

  • 19 · Conferences, conventions and meetings

    total $1,194,520 · program services $1,194,520

  • 20 · Interest

    total $10,329,464 · program services $10,329,464

  • 22 · Depreciation, depletion and amortization

    total $41,488,606 · program services $41,488,606

  • 23 · Insurance

    total $17,322,702 · program services $17,322,702

  • 24a · Other expenses: AFFILIATED SUPPORT

    total $246,691,531 · program services $232,655,972 · management and general $14,035,559

  • 24b · Other expenses: SOFTWARE LICENSES & TRAINING

    total $51,077,454 · program services $51,077,454

  • 24c · Other expenses: Admin Expenses

    total $18,215,834 · management and general $18,215,834

  • 24d · Other expenses: SUBSCRIPTIONS

    total $12,410,451 · management and general $12,410,451

  • 24e · All other expenses

    total $21,862,187 · program services $12,413,753 · management and general $9,448,434 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,962 · end of year $10,712

  • 2 · Savings and temporary cash investments

    beginning of year $71,541,902 · end of year $130,309,161

  • 4 · Accounts receivable

    beginning of year $48,937,593 · end of year $54,020,229

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $22,295,407 · end of year $33,754,779

  • 8 · Inventories for sale or use

    beginning of year $25,800,379 · end of year $35,870,199

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,612,310 · end of year $39,991,217

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

    $680,749,208

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

    $341,951,485

  • 10c · Land, buildings and equipment, net

    beginning of year $347,763,955 · end of year $338,797,723

  • 11 · Investments: publicly traded securities

    beginning of year $2,148,229,596 · end of year $1,952,430,258

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $366,792,184 · end of year $2,254,518,629

  • 14 · Intangible assets

    beginning of year $3,955,826 · end of year $377,921,791

  • 15 · Other assets

    beginning of year $316,241,510 · end of year $317,232,216

  • 17 · Accounts payable and accrued expenses

    beginning of year $262,153,303 · end of year $271,838,059

  • 20 · Tax-exempt bond liabilities

    beginning of year $629,405,161 · end of year $616,713,022

  • 21 · Escrow or custodial account liability

    beginning of year $103,555 · end of year $1,358

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $459,179,713 · end of year $462,023,681

  • 27 · Net assets without donor restrictions

    beginning of year $2,025,338,892 · end of year $4,166,740,794

  • 28 · Net assets with donor restrictions

    end of year $17,540,000

Mission and programs · 2023

Mission

FROEDTERT THEDACARE HEALTH, INC. ADVANCES THE HEALTH OF THE PEOPLE OF THE DIVERSE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL CARE ENHANCED BY INNOVATION AND DISCOVERY.

  • HEALTH CARE MANAGEMENT SERVICES IN SUPPORT OF FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC., COMMUNITY MEMORIAL HOSPITAL OF MENOMONEE FALLS, INC., ST. JOSEPH'S COMMUNITY HOSPITAL OF WEST BEND, INC., HOLY FAMILY MEMORIAL, INC., FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL, FROEDTERT HEALTH PHARMACY SOLUTIONS, FROEDTERT HEALTH HOME INFUSION, VERTU RX, FROEDTERT HEALTH PHARMACY, FROEDTERT WORKFORCE HEALTH, NATIONAL LABORATORY NETWORK, FROEDTERT NORTHEAST MEDICAL GROUP, AND FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS.

    Expenses $437,880,634 · Revenue $366,855,443

  • HUMAN RESOURCE/STAFF SUPPORT TO FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC., COMMUNITY MEMORIAL HOSPITAL OF MENOMONEE FALLS, INC., ST. JOSEPH'S COMMUNITY HOSPITAL OF WEST BEND, INC., HOLY FAMILY MEMORIAL, INC., FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL, FROEDTERT HEALTH PHARMACY SOLUTIONS, FROEDTERT HEALTH HOME INFUSION, VERTU RX, FROEDTERT HEALTH PHARMACY, FROEDTERT WORKFORCE HEALTH, FROEDTERT NORTHEAST MEDICAL GROUP, AND FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS.

    Expenses $278,281,353 · Revenue $278,281,353

  • OUTPATIENT REVENUE AND EXPENSE OF FROEDTERT NEIGHBORHOOD HOSPITAL, FROEDTERT HEALTH HOME INFUSION, FROEDTERT HEALTH PHARMACY, FROEDTERT NORTHEAST MEDICAL GROUP, AND WEST BEND SURGERY CENTER.

    Expenses $195,497,396 · Revenue $220,579,494

  • IT SUPPORT EXPENSE - 97,549,731 INPATIENT EXPENSE - 3,312,285 EMERGENCY DPT EXPENSE - 106,020,522 TOTAL EXPENSE - 206,882,538 IT SUPPORT REVENUE - 97,549,731 INPATIENT REVENUE - 3,737,226 EMERGENCY DPT REVENUE - 119,622,836 INHERENT CONTRIBUTION FROM THEDACARE - 1,562,207,475 JT VENTURE REVENUE - 17,326,464 EXCEEDENT REVENUE - 12,480 ALL OTHER REVENUE - (295,612) TOTAL REVENUE - 1,800,160,600

    Expenses $206,882,538 · Revenue $1,800,160,600

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Catherine Jacobson

    Director & CEO/President

    Total calculated
    $6,191,269
    From this org
    $5,872,993
    From related orgs
    $0
    Other
    $318,276
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $1,711,053
    Bonus
    $1,915,129
    Other
    $2,246,811
    Deferred
    $280,978
    Nontaxable benefits
    $37,298
    Filer's total
    $6,191,269

  • Imran Andrabi MD

    Director & President (Start Jan24)

    Total calculated
    $0
    Hours/week
    1

  • Jim Kotek

    Director & BOD V. Chair (Start Jan24)

    Total calculated
    $0
    Hours/week
    1

  • Judson Snyder

    Director & BOD Chair

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Aditi Javeri Gokhale

    Director (Term Dec23)

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Chuck Dallas

    Director (Start Jan24)

    Total calculated
    $0
    Hours/week
    1

  • David J Lubar

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dirk Debbink

    Director (Term Dec23)

    Total calculated
    $0
    Hours/week
    1

  • Grady Crosby

    Director (Term Dec23)

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jacquelyn Fredrick

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joan Prince PhD

    Director

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Ber

    Director (Start Jan24)

    Total calculated
    $0
    Hours/week
    1

  • John Pfeifer

    Director (Start Jan24)

    Total calculated
    $0
    Hours/week
    1

  • Jose Olivieri

    Director (Deceased Jun24)

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kim Underhill

    Director (Start Jan24)

    Total calculated
    $0
    Hours/week
    1

  • Kurt D Bechthold

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Marc Chini

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark Behl

    Director & EVP/FTCH COO (Term Sep23)

    Total calculated
    $2,870,254
    From this org
    $2,714,336
    From related orgs
    $0
    Other
    $155,918
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $581,131
    Bonus
    $1,361,862
    Other
    $771,343
    Deferred
    $130,919
    Nontaxable benefits
    $24,999
    Filer's total
    $2,870,254

  • Mary Beth Berkes

    Director (Term Dec23)

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mary Ellen Stanek

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Clarke

    Director

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Terry Timm

    Director (Start Jan24)

    Total calculated
    $0
    Hours/week
    1

  • Amy Marquardt

    Secr & Sr VP Chief Legal Off (Term Dec23)

    Total calculated
    $1,327,272
    From this org
    $1,146,497
    From related orgs
    $0
    Other
    $180,775
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $600,894
    Bonus
    $382,605
    Other
    $162,998
    Deferred
    $144,517
    Nontaxable benefits
    $36,258
    Filer's total
    $1,327,272

  • Paul Van Den Heuvel

    Secr & Sr VP Chief Legal Off (Start Jan24)

    Total calculated
    $0
    Hours/week
    1

  • Scott Hawig

    Treasurer

    Total calculated
    $2,088,729
    From this org
    $1,832,480
    From related orgs
    $0
    Other
    $256,249
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $979,989
    Bonus
    $631,480
    Other
    $221,011
    Deferred
    $220,064
    Nontaxable benefits
    $36,185
    Filer's total
    $2,088,729

  • Allen Ericson

    CHD President

    Total calculated
    $1,049,080
    From this org
    $875,006
    From related orgs
    $0
    Other
    $174,074
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $564,706
    Bonus
    $142,952
    Other
    $167,348
    Deferred
    $137,340
    Nontaxable benefits
    $36,734
    Filer's total
    $1,049,080

  • Eric Conley

    FMLH President (Term Apr24)

    Total calculated
    $1,616,214
    From this org
    $1,403,238
    From related orgs
    $0
    Other
    $212,976
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $766,153
    Bonus
    $494,021
    Other
    $143,064
    Deferred
    $176,458
    Nontaxable benefits
    $36,518
    Filer's total
    $1,616,214

  • Eric Humphrey

    FTCH Sr VP/Chief HR Officer

    Total calculated
    $1,269,553
    From this org
    $1,102,378
    From related orgs
    $0
    Other
    $167,175
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $591,473
    Bonus
    $374,687
    Other
    $136,218
    Deferred
    $141,904
    Nontaxable benefits
    $25,271
    Filer's total
    $1,269,553

  • Ian Schwartz

    Exec VP & Chief Clinical Officer

    Total calculated
    $1,354,383
    From this org
    $1,123,139
    From related orgs
    $0
    Other
    $231,244
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $892,940
    Bonus
    $205,016
    Other
    $25,183
    Deferred
    $194,299
    Nontaxable benefits
    $36,945
    Filer's total
    $1,354,383

  • Richelle Webb Dixon

    FMLH COO

    Total calculated
    $853,796
    From this org
    $686,710
    From related orgs
    $0
    Other
    $167,086
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $528,119
    Bonus
    $134,406
    Other
    $24,185
    Deferred
    $129,460
    Nontaxable benefits
    $37,626
    Filer's total
    $853,796

  • Sony Jacob

    FTCH CIO

    Total calculated
    $1,496,627
    From this org
    $1,327,621
    From related orgs
    $0
    Other
    $169,006
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $566,663
    Bonus
    $714,388
    Other
    $46,570
    Deferred
    $136,669
    Nontaxable benefits
    $32,337
    Filer's total
    $1,496,627

  • Teresa Lux

    CHD COO

    Total calculated
    $820,753
    From this org
    $688,727
    From related orgs
    $0
    Other
    $132,026
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $448,266
    Bonus
    $113,523
    Other
    $126,938
    Deferred
    $116,644
    Nontaxable benefits
    $15,382
    Filer's total
    $820,753

  • David Olson

    Sr VP & Chief Strategy Off

    Total calculated
    $1,377,697
    From this org
    $1,191,797
    From related orgs
    $0
    Other
    $185,900
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $617,684
    Bonus
    $392,822
    Other
    $181,291
    Deferred
    $148,649
    Nontaxable benefits
    $37,251
    Filer's total
    $1,377,697

  • Edward Smith DO

    Doctor

    Total calculated
    $884,122
    From this org
    $835,984
    From related orgs
    $0
    Other
    $48,138
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $812,599
    Bonus
    $0
    Other
    $23,385
    Deferred
    $17,525
    Nontaxable benefits
    $30,613
    Filer's total
    $884,122

  • Michael Anderes

    FTCH Chief Innovation & Digital Officer

    Total calculated
    $1,116,629
    From this org
    $1,033,220
    From related orgs
    $0
    Other
    $83,409
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $225,944
    Bonus
    $113,861
    Other
    $693,415
    Deferred
    $66,350
    Nontaxable benefits
    $17,059
    Filer's total
    $1,116,629

  • Paul Spencer

    VP Managed Care & Rev Cycle

    Total calculated
    $1,007,390
    From this org
    $911,058
    From related orgs
    $0
    Other
    $96,332
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $367,659
    Bonus
    $475,336
    Other
    $68,063
    Deferred
    $59,007
    Nontaxable benefits
    $37,325
    Filer's total
    $1,007,390

  • Stephen Basilotto

    FTCH Sr VP/Chief Experience Off

    Total calculated
    $1,180,797
    From this org
    $1,015,341
    From related orgs
    $0
    Other
    $165,456
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $534,690
    Bonus
    $341,748
    Other
    $138,903
    Deferred
    $130,274
    Nontaxable benefits
    $35,182
    Filer's total
    $1,180,797

  • James Klauck

    Former - Key (Sr VP Ancillary Svcs)

    Total calculated
    $786,564
    From this org
    $636,109
    From related orgs
    $0
    Other
    $150,455
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $408,972
    Bonus
    $106,748
    Other
    $120,389
    Deferred
    $109,476
    Nontaxable benefits
    $40,979
    Filer's total
    $786,564

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
Gross-up Payments: JACOB, SONY - $22,941 ($15,600 ACTUAL + $7,341 GROSS UP)
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
HOUSING: JACOB, SONY - $22,941 ($15,600 ACTUAL + $7,341 GROSS UP)
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
SOCIAL CLUB DUES: ERICSON, ALLEN - $1,087 JACOBSON, CATHERINE - $5,507 HEALTH AND FITNESS (STANDARD EMPLOYEE BENEFIT): KLAUCK, JAMES - $100 LUX, TERESA - $20 SPENCER, PAUL - $160
Schedule J, Part I, Line 4a Severance or change-of-control payment
SEVERANCE: ANDERES, MICHAEL - $220,730 BEHL, MARK - $251,037
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
457(F) DISTRIBUTIONS: ANDERES, MICHAEL - $446,360 BASILOTTO, STEPHEN - $113,253 BEHL, MARK - $514,256 CONLEY, ERIC - $115,894 ERICSON, ALLEN - $139,594 HAWIG, SCOTT - $195,735 HUMPHREY, ERIC - $110,908 JACOBSON, CATHERINE - $2,074,559 KLAUCK, JAMES - $92,622 LUX, TERESA - $101,318 MARQUARDT, AMY - $135,632 OLSON, DAVID - $150,726 SPENCER, PAUL - $42,593 NON-QUALIFIED DISTRIBUTIONS: JACOBSON, CATHERINE - $167,475 (OF WHICH $0 WAS REPORTED AS DEFERRED ON A PRIOR FORM 990) 457(F) PLAN PARTICIPANTS: ANDERES, MICHAEL BASILOTTO, STEPHEN BEHL, MARK CONLEY, ERIC ERICSON, ALLEN HAWIG, SCOTT HUMPHREY, ERIC JACOB, SONY JACOBSON, CATHERINE KLAUCK, JAMES LUX, TERESA MARQUARDT, AMY OLSON, DAVID SCHWARTZ, IAN SPENCER, PAUL WEBB DIXON, RICHELLE NON-QUALIFIED PARTICIPANTS: JACOBSON, CATHERINE
Schedule J, Part I, Line 7 Non-fixed payments
BONUS COMPENSATION IS PAID BASED UPON ATTAINMENT OF SPECIFIC GOALS RELATED TO THE ORGANIZATION'S STRATEGY, SERVICE, QUALITY, AND FINANCIAL STRENGTH. THE AMOUNT OF COMPENSATION IS CALCULATED USING SPECIFIED PERCENTAGES OF BASE SALARY FOR ACHIEVEMENT OF PARTICULAR GOAL LEVELS. HOWEVER, THE FROEDTERT THEDACARE HEALTH SYSTEM BOARD COMMITTEE WHICH ADMINISTERS THE BONUS COMPENSATION PROGRAM HAS DISCRETION OVER WHETHER TO PAY THE BONUS IN ANY GIVEN YEAR OR TO AMEND, CHANGE, OR TERMINATE THE PROGRAM AT ANY TIME.
Schedule J, Part II, Column (B)(ii)
BONUS AND INCENTIVE COMPENSATION AMOUNTS INCLUDE INCENTIVE COMPENSATION PAID.
Schedule J, Part II, Column (B)(iii)
OTHER REPORTABLE COMPENSATION INCLUDES 457(F) DEFERRED COMPENSATION PLAN DISTRIBUTIONS PAID TO INDIVIDUALS, AMOUNTS PAID IN LIEU OF 457(F) DEFERRED COMPENSATION PLAN CONTRIBUTIONS, AND OTHER MISCELLANEOUS COMPENSATION.

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.

Disregarded entities

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

  • INCEPTION HEALTH LLC

    HLTHCARE SVCS · WI · income -$230,827 · assets $29,385,593

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • INTEGRATED HOLDINGS LLC

    INVST HOLD CO · WI · income $422,279 · assets $7,269,672

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • EXCEEDENT LLC

    HLTHCARE ADM · WI · income $4,900,964 · assets $628,365

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT HEALTH PHARMACY SOLUTIONS LLC

    PHCY MGT CO · WI · income $0 · assets $0

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • INCEPTION HEALTH OPERATIONS LLC

    HLTHCARE SVCS · WI · income $0 · assets $0

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • INCEPTION HEALTH INVESTMENTS LLC

    INVST HOLD CO · WI · income $0 · assets $0

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT HEALTH ASC ENTERPRISE LLC

    ASC MGT CO · WI · income $0 · assets $8,984,804

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT HEALTH HOME INFUSION LLC

    HLTHCARE SVCS · WI · income $29,937,526 · assets $19,359,791

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT HEALTH PHARMACY LLC

    HLTHCARE SVCS · WI · income $239,170,106 · assets $38,232,970

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL

    HLTHCARE SVCS · WI · income $38,933,182 · assets $43,215,843

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • WEST BEND SURGERY CENTER LLC

    HLTHCARE SVCS · WI · income $6,110,634 · assets $0

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • VERTU RX LLC

    HLTHCARE SVCS · WI · income $0 · assets $0

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT HEALTH WORKFORCE HEALTH LLC

    HLTHCARE SVCS · WI · income $8,828,081 · assets $4,927,710

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • INCEPTION HEALTH SERVICES LLC

    HLTHCARE SVCS · WI · income $0 · assets $0

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • BFHFM LLC

    HLTHCARE SVCS · WI · income $4,694 · assets $9,209

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NATIONAL LABORATORY NETWORK LLC

    HLTHCARE SVCS · WI · income $60,000 · assets $0

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT NORTHEAST MEDICAL GROUP

    HLTHCARE SVCS · WI · income $32,137,689 · assets -$2,587,471

    Directly controlled by FROEDTERT THEDACARE HEALTH

Related partnerships

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

  • FROEDTERT SURGERY CENTER LLC

    Related · SURGERY CENTER · WI · share of income $3,753,939 · share of assets $10,218,296

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FMLH MCW REAL ESTATE VENTURES LLC

    Related · REAL ESTATE · WI · share of income $560,601 · share of assets $12,414,170 · general or managing partner

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • WISCONSIN DIAGNOSTIC LABORATORIES LLC

    Related · LAB SERVICES · WI · share of income $6,483,059 · share of assets $14,687,485

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • DREXEL TOWN SQUARE SURGERY CENTER LLC

    Related · SURGERY CENTER · WI · share of income -$168,317 · share of assets $1,695,015

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • MENOMONEE FALLS AMBULATORY SURGERY CTR

    Related · SURGERY CENTER · WI · share of income -$65,977 · share of assets $1,719,864

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FROEDTERT & THE MCW NETWORK LLC

    N/A · HEALTH CARE · WI · share of income $0 · share of assets $0

    Directly controlled by FHESH

  • FROEDTERT & THE MCW ACO LLC

    N/A · HEALTH CARE · WI · share of income $0 · share of assets $0

    Directly controlled by FHESH

  • WEST BEND SURGERY CENTER LLC

    Related · HEALTHCARE SERVICES · WI · share of income $899,301 · share of assets $5,864,533

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NATIONAL LABORATORY NETWORK LLC

    Related · LABORATORY SVCS · WI · share of income -$3,863,701 · share of assets $6,701,739

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • N APPLETON AMBULATORY CARE CENTER BUILDING COMPANY LLC

    N/A · RENTAL · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • ENCIRCLE REALCO LLC

    N/A · PROPERTY HOLDING · OH · share of income $0 · share of assets $0

    Directly controlled by NA

  • D1 SPORTS TRAINING OF MILWAUKEE LLC

    Related · SPORTS MEDICINE · WI · share of income $0 · share of assets $0

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • THP-FROEDTERT HEALTH VENTURES LLC

    Related · HEALTH CARE · TX · share of income $0 · share of assets $0

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FHHP LLC

    N/A · HEALTH CARE · WI · share of income $0 · share of assets $0

    Directly controlled by FHIH

Related corporations and trusts

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

  • HART'S MILLS INSURANCE COMPANY

    C Corporation · SELF-INSURANCE · CJ · share of income $8,097,294 · share of assets $54,036,384 · controlled entity

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • FH INVESTMENT HOLDINGS INC

    C Corporation · INVST HOLD CO · WI · share of income -$79,783 · share of assets $7,616,215 · controlled entity

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NETWORK HEALTH INC

    C Corporation · HLTHCARE ADM · WI · share of income $0 · share of assets $38,460,762 · controlled entity

    Directly controlled by FROEDTERT THEDACARE HEALTH

  • NETWORK HEALTH INSURANCE CORP

    C Corporation · SERVICE INSURANCE · WI · share of income $601,120,207 · share of assets $293,185,599 · controlled entity

    Directly controlled by NETWORK HEALTH INC

  • NETWORK HEALTH PLAN

    C Corporation · HEALTH INSURANCE · WI · share of income $213,024,051 · share of assets $152,285,485 · controlled entity

    Directly controlled by NETWORK HEALTH INC

  • HOLY FAMILY HEALTH SERVICES INC

    C Corporation · HEALTHCARE · WI · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by FROEDTERT THEDACARE HEALTH

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349311273

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