← FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS INC

Form 990 for tax year 2022

Filed by FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS INC.

Totals

Total revenue: $371,272,342
Total expenses: $371,272,342
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $325,311,497
Investment income: -$1,895
Other revenue: $45,962,740
Total assets, end of year: $110,196,599
Total liabilities, end of year: $42,572,970
Net assets or fund balances, end of year: $67,623,629
Program services expenses (Part IX): $333,166,201
Management and general expenses: $38,106,141
Fundraising expenses: $0
Program service expenses (Part III): $333,166,201

Program services were 89.7% 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: SPECIALTY CARE SERVICES

total $159,500,226 · related or exempt $159,500,226
2b · Program service revenue: PRIMARY CARE SERVICES

total $120,495,379 · related or exempt $120,495,379
2c · Program service revenue: ANCILLARY CARE SERVICES

total $45,315,892 · related or exempt $45,315,892
7b · Less cost or other basis and sales expenses

other assets $1,895
7c · Gain or loss

other assets -$1,895
7d · Net gain or loss

total -$1,895 · excluded -$1,895
11a · Other revenue: MANAGEMENT FEES

total $21,156,541 · related or exempt $21,156,541
11b · Other revenue: CORPORATE ALLOCATED REVENUE

total $16,177,420 · related or exempt $16,177,420
11c · Other revenue: OTHER DEPT OPERATING REVENUE

total $8,628,779 · related or exempt $8,628,779
11e · Other revenue, total

$45,962,740

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $2,412,686 · management and general $2,412,686
7 · Other salaries and wages

total $194,381,719 · program services $188,922,213 · management and general $5,459,506
8 · Pension plan contributions

total $87,522 · management and general $87,522
9 · Other employee benefits

total $59,513 · program services $58,732 · management and general $781
10 · Payroll taxes

total $12,485,537 · program services $12,021,877 · management and general $463,660
11b · Fees: legal

total $22,365 · management and general $22,365
11g · Fees: other

total $122,903,106 · program services $108,808,464 · management and general $14,094,642
13 · Office expenses

total $1,305,339 · program services $1,255,657 · management and general $49,682
14 · Information technology

total $535,297 · program services $512,739 · management and general $22,558
16 · Occupancy

total $31,769,140 · program services $30,180,683 · management and general $1,588,457
17 · Travel

total $118,818 · program services $97,227 · management and general $21,591
19 · Conferences, conventions and meetings

total $341,421 · program services $316,603 · management and general $24,818
22 · Depreciation, depletion and amortization

total $6,366,496 · program services $6,048,171 · management and general $318,325
23 · Insurance

total $118,902 · program services $118,902
24a · Other expenses: CORPORATE ALLOCATIONS

total $74,627,340 · program services $43,350,977 · management and general $31,276,363
24b · Other expenses: MEDICAL SUPPLIES

total $32,971,990 · program services $32,964,662 · management and general $7,328
24c · Other expenses: ALL OTHER DIRECT EXPENS

total $2,185,626 · program services $767,456 · management and general $1,418,170
24d · Other expenses: PROFESSIONAL DUES & LIC

total $607,925 · program services $202,159 · management and general $405,766
24e · All other expenses

total -$112,028,400 · program services -$92,460,321 · management and general -$19,568,079

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $600 · end of year $600
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $33,735,678 · end of year $36,539,913
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 $0 · end of year $0
8 · Inventories for sale or use

beginning of year $1,389,761 · end of year $1,338,855
9 · Prepaid expenses and deferred charges

beginning of year $18,430 · end of year $109,784
10a · Land, buildings and equipment: cost or other basis

$155,095,949
10b · Land, buildings and equipment: accumulated depreciation

$82,906,152
10c · Land, buildings and equipment, net

beginning of year $74,920,896 · end of year $72,189,797
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $17,650 · end of year $17,650
17 · Accounts payable and accrued expenses

beginning of year $50,186,156 · end of year $40,988,795
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $1,928,976 · end of year $1,584,175
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $57,967,883 · end of year $67,623,629
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS, INC. ADVANCE THE HEALTH OF THE PEOPLE OF THE DIVERSE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL CARE ENHANCED BY INNOVATION AND DISCOVERY.

Activities or mission (Part I)

FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS, INC.ADVANCE THE HEALTH OF THE PEOPLE OF THE DIVERSE COMMUNITIES WE SERVETHROUGH EXCEPTIONAL CARE ENHANCED BY INNOVATION AND DISCOVERY.

FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS, INC.'S (CP) SPECIALTY DEPARTMENTS SAW OVER 539,000 PATIENT VISITS IN FY23. CP HAS OVER 929 SPECIALTY PROVIDERS WHO PROVIDE SERVICES INCLUDING AREAS SUCH AS OBSTETRICS, SURGERY, BEHAVIORAL HEALTH, CARDIOLOGY, AND SEVERAL OTHERS.

Expenses $143,128,930 · Revenue $159,500,226
CP'S PRIMARY CARE DEPARTMENTS SAW OVER 573,000 PATIENT VISITS IN FY23. CP HAS OVER 542 PRIMARY CARE PROVIDERS WHO PROVIDE SERVICES IN THE AREAS OF FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRICS, AND WALK-IN CLINIC.

Expenses $108,127,588 · Revenue $120,495,379
CP'S ANCILLARY DEPARTMENTS SAW OVER 558,000 PATIENT VISITS IN FY23. CP PROVIDES ANCILLARY SERVICES IN THE AREAS OF LABORATORY, RADIOLOGY, AND REHABILITATION SERVICES.

Expenses $40,664,614 · Revenue $45,315,892
AS PART OF OPERATING AN INTEGRATED NETWORK OF HEALTHCARE PROVIDERS AND PROVIDING HEALTH CARE SERVICES TO THE COMMUNITY, OTHER REVENUE IS DERIVED IN THE FOLLOWING AREAS:REVENUE FROM HEALTH SYSTEM AFFILIATES - CONSISTS OF REVENUE DERIVED FROM MEDICAL AND ADMINISTRATIVE SERVICES PROVIDED TO SJH, CMH, FMLH, AND FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL, LLC, AFFILIATED ORGANIZATIONS. SERVICES INCLUDE PHYSICIAN AND STAFF COVERAGE, MEDICAL DIRECTORS, HOSPITALISTS, AND LABORATORY SERVICES. ALL OF THESE SERVICES SUPPORT THE DELIVERY OF HEALTHCARE TO THE COMMUNITY.OTHER DEPARTMENT OPERATING REVENUE - REVENUE DERIVED FROM DIFFERENT SERVICES THROUGH THE PROCESS OF PROVIDING PATIENT CARE AND IN THE NORMAL OPERATION OF A MEDICAL FACILITY. INCLUDED IN THIS CATEGORY ARE ITEMS SUCH AS LEASED STAFF REVENUE AND COVID RELIEF FUNDS. CORPORATE ALLOCATED REVENUE - REVENUE PASSED THROUGH FROM FH, AN AFFILIATED ORGANIZATION.

Expenses $41,245,069 · Revenue $45,962,740

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Behl MarkBEHL MARK

DIRECTOR

Total calculated

$0

Hours/week

1
Campbell SusanCAMPBELL SUSAN

DIRECTOR

Total calculated

$0

Hours/week

1
Kerschner Joseph MDKERSCHNER JOSEPH MD

DIRECTOR

Total calculated

$0

Hours/week

1
Kops ChristopherKOPS CHRISTOPHER

DIRECTOR (TERM JUL22)

Total calculated

$0

Hours/week

1
Lester MatthewLESTER MATTHEW

DIRECTOR (START AUG22)

Total calculated

$0

Hours/week

1
Lien Cynthia MDLIEN CYNTHIA MD

DIRECTOR

Total calculated

$0

Hours/week

1
Olson DavidOLSON DAVID

DIRECTOR

Total calculated

$0

Hours/week

1
Silverstein Roy MDSILVERSTEIN ROY MD

DIRECTOR

Total calculated

$0

Hours/week

1
Hawig ScottHAWIG SCOTT

DIRECTOR & TREASURER

Total calculated

$0

Hours/week

1
Jacobson CatherineJACOBSON CATHERINE

DIRECTOR & BOD CHAIR

Total calculated

$0

Hours/week

1
Raymond John MDRAYMOND JOHN MD

DIRECTOR & BOD V. CHAIR

Total calculated

$0

Hours/week

1
Ghaferi Amir MDGHAFERI AMIR MD

PRESIDENT (START DEC22)

Total calculated

$0

Hours/week

1
Mathews Vincent MDMATHEWS VINCENT MD

INTERIM PRESIDENT (TERM JAN23)

Total calculated

$0

Hours/week

1
Marx Douglas DoMARX DOUGLAS DO

CHIEF MEDICAL OFFICER

Total calculated

$958,073

From this org

$867,126

From related orgs

$0

Other

$90,947

Hours/week

50

Schedule J breakdown matched by us

Base

$666,299

Bonus

$177,485

Other

$23,342

Deferred

$58,050

Nontaxable benefits

$32,897

Filer's total

$958,073
Tesmer AnnTESMER ANN

SR VP CLINICAL OPERATIONS

Total calculated

$657,603

From this org

$530,796

From related orgs

$0

Other

$126,807

Hours/week

50

Schedule J breakdown matched by us

Base

$343,519

Bonus

$163,641

Other

$23,636

Deferred

$94,598

Nontaxable benefits

$32,209

Filer's total

$657,603
Miller Amy MDMILLER AMY MD

CHIEF MEDICAL OFFICER

Total calculated

$630,479

From this org

$574,854

From related orgs

$0

Other

$55,625

Hours/week

50

Schedule J breakdown matched by us

Base

$492,752

Bonus

$59,568

Other

$22,534

Deferred

$19,300

Nontaxable benefits

$36,325

Filer's total

$630,479
Diestelhorst Amy MDDIESTELHORST AMY MD

DOCTOR-OB/GYN

Total calculated

$723,215

From this org

$673,225

From related orgs

$0

Other

$49,990

Hours/week

50

Schedule J breakdown matched by us

Base

$583,591

Bonus

$67,352

Other

$22,282

Deferred

$19,300

Nontaxable benefits

$30,690

Filer's total

$723,215
Quryshi MirQURYSHI MIR

DOCTOR-INTERNAL MEDICINE

Total calculated

$655,447

From this org

$609,141

From related orgs

$0

Other

$46,306

Hours/week

50

Schedule J breakdown matched by us

Base

$544,963

Bonus

$41,139

Other

$23,039

Deferred

$16,400

Nontaxable benefits

$29,906

Filer's total

$655,447
Sternberg AdamSTERNBERG ADAM

DOCTOR

Total calculated

$616,645

From this org

$570,979

From related orgs

$0

Other

$45,666

Hours/week

50

Schedule J breakdown matched by us

Base

$504,219

Bonus

$45,949

Other

$20,811

Deferred

$16,400

Nontaxable benefits

$29,266

Filer's total

$616,645
Gumina RoseannGUMINA ROSEANN

DOCTOR-OB/GYN

Total calculated

$600,371

From this org

$556,679

From related orgs

$0

Other

$43,692

Hours/week

50

Schedule J breakdown matched by us

Base

$484,207

Bonus

$47,541

Other

$24,931

Deferred

$20,750

Nontaxable benefits

$22,942

Filer's total

$600,371
Lovell CandiceLOVELL CANDICE

DOCTOR-FAMILY MEDICINE

Total calculated

$594,090

From this org

$546,291

From related orgs

$0

Other

$47,799

Hours/week

50

Schedule J breakdown matched by us

Base

$479,517

Bonus

$45,423

Other

$21,351

Deferred

$17,850

Nontaxable benefits

$29,949

Filer's total

$594,090

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
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
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)

PART I, LINE 3: COMPENSATION OF CEO/EXECUTIVE DIRECTOR ESTABLISHED BY AFFILIATED ORGANIZATION, FROEDTERT HEALTH, THROUGH THE USE OF COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. VINCENT MATHEWS, MD, IS THE INTERIM PRESIDENT OF CP THROUGH JANUARY 2023 AND AMIR GHAFERI, MD, IS THE PRESIDENT OF CP EFFECTIVE DECEMBER 2022 FOR FISCAL YEAR 2023 AND BOTH ARE EMPLOYED BY THE MEDICAL COLLEGE OF WISCONSIN.
PART I, LINE 4B: 457(F) DISTRIBUTIONS: TESMER, ANN - $1,619 457(F) PLAN PARTICIPANTS: MILLER, AMY TESMER, ANN
PART I, LINE 7: 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 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.
PART II, LINES 1 THROUGH 2 AND 4 THROUGH 8:: INCENTIVE COMPENSATION IS PAID BASED UPON ATTAINMENT OF SPECIFIC GOALS RELATED TO THE ORGANIZATION'S CLINICAL QUALITY, PATIENT CARE SERVICE AND CERTAIN OTHER INDIVIDUAL PERFORMANCE METRICS. THE AMOUNT OF COMPENSATION IS CALCULATED USING SPECIFIC PERCENTAGES OF COMPENSATION FOR ACHIEVEMENT OF PARTICULAR GOAL LEVELS. CP'S BOARD OF DIRECTORS ADMINISTERS THE INCENTIVE COMPENSATION PROGRAM AND HAS DISCRETION TO APPROVE, AMEND OR CHANGE THE MIX OR TYPE OF METRICS USED.

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.

Provenance

Return type: form_990
Tax year: 2022
Filed: 7 May 2024
IRS schema version: 2022v5.0
Source object: 202441289349300514

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