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Nonprofiteer
← FROEDTERT SOUTH INC

Form 990 for tax year 2024

Filed by FROEDTERT SOUTH INC.

Totals

Total revenue
$486,946,600
Total expenses
$466,789,306
Contributions and grants received
$96,564
Grants paid
$17,250
Program service revenue
$480,961,416
Investment income
$5,846,315
Other revenue
$42,305
Total assets, end of year
$727,819,306
Total liabilities, end of year
$88,565,882
Net assets or fund balances, end of year
$639,253,424
Program services expenses (Part IX)
$421,426,127
Management and general expenses
$45,363,179
Fundraising expenses
$0
Program service expenses (Part III)
$421,426,127

Program services were 90.3% 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.

  • 1c · Fundraising events

    $73,455

  • 1f · All other contributions, gifts and grants

    $23,109

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $471,508,203 · related or exempt $471,508,203

  • 2b · Program service revenue: OTHER OPERATING REVENUE

    total $9,453,213 · related or exempt $9,426,219 · unrelated business $26,994

  • 3 · Investment income

    total $5,778,211 · excluded $5,778,211

  • 7a · Gross sales of assets other than inventory

    securities $11,211,361 · other assets $578,738

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

    securities $11,721,995 · other assets $0

  • 7c · Gain or loss

    securities -$510,634 · other assets $578,738

  • 7d · Net gain or loss

    total $68,104 · excluded $68,104

  • 8a · Fundraising events: gross income

    $23,545

  • 8a · Fundraising events: contributions included on line 1c

    $73,455

  • 8b · Fundraising events: direct expenses

    $28,885

  • 8c · Net income from fundraising events

    total -$5,340 · excluded -$5,340

  • 11a · Other revenue: GIFT SHOP INCOME

    total $47,645 · excluded $47,645

  • 11e · Other revenue, total

    $47,645

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,250 · program services $17,250

  • 5 · Compensation of officers, directors and key employees

    total $5,423,068 · program services $4,806,203 · management and general $616,865

  • 7 · Other salaries and wages

    total $179,797,384 · program services $160,942,702 · management and general $18,854,682

  • 8 · Pension plan contributions

    total $5,100,691 · program services $3,909,346 · management and general $1,191,345

  • 9 · Other employee benefits

    total $15,876,324 · program services $12,168,165 · management and general $3,708,159

  • 10 · Payroll taxes

    total $11,894,869 · program services $9,116,639 · management and general $2,778,230

  • 11b · Fees: legal

    total $346,272 · management and general $346,272

  • 11c · Fees: accounting

    total $111,549 · management and general $111,549

  • 11g · Fees: other

    total $67,831,384 · program services $66,971,328 · management and general $860,056

  • 12 · Advertising and promotion

    total $285,327 · program services $27,176 · management and general $258,151

  • 13 · Office expenses

    total $398,835 · program services $60,914 · management and general $337,921

  • 14 · Information technology

    total $10,052,251 · program services $1,426,974 · management and general $8,625,277

  • 16 · Occupancy

    total $7,132,978 · program services $7,118,339 · management and general $14,639

  • 17 · Travel

    total $584,224 · program services $158,455 · management and general $425,769

  • 22 · Depreciation, depletion and amortization

    total $28,264,389 · program services $25,437,951 · management and general $2,826,438

  • 23 · Insurance

    total $1,479,078 · program services $191,100 · management and general $1,287,978

  • 24a · Other expenses: SUPPLIES

    total $55,649,285 · program services $54,853,393 · management and general $795,892

  • 24b · Other expenses: DRUGS

    total $43,234,128 · program services $43,234,128

  • 24c · Other expenses: BAD DEBTS

    total $20,042,588 · program services $20,042,588

  • 24d · Other expenses: PROVIDER TAX ASSESSMENT

    total $6,158,700 · program services $6,158,700

  • 24e · All other expenses

    total $7,108,732 · program services $4,784,776 · management and general $2,323,956

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $13,293,796 · end of year $25,565,496

  • 4 · Accounts receivable

    beginning of year $85,094,892 · end of year $69,337,600

  • 8 · Inventories for sale or use

    beginning of year $7,782,688 · end of year $8,467,306

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,668,699 · end of year $10,614,314

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

    $614,937,644

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

    $394,422,454

  • 10c · Land, buildings and equipment, net

    beginning of year $223,319,118 · end of year $220,515,190

  • 11 · Investments: publicly traded securities

    beginning of year $319,140,890 · end of year $383,055,995

  • 15 · Other assets

    beginning of year $12,355,317 · end of year $10,263,405

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,308,582 · end of year $52,845,392

  • 19 · Deferred revenue

    beginning of year $184,250 · end of year $210,626

  • 25 · Other liabilities

    beginning of year $31,322,554 · end of year $35,509,864

  • 27 · Net assets without donor restrictions

    beginning of year $592,042,880 · end of year $636,382,466

  • 28 · Net assets with donor restrictions

    beginning of year $2,797,134 · end of year $2,870,958

Mission and programs · 2024

Mission

FROEDTERT SOUTH, INC. IS COMMITTED TO LIVING OUT THE HEALING MINISTRIES OF THE JUDEO-CHRISTIAN FAITHS BY PROVIDING EXCEPTIONAL AND COMPASSIONATE HEALTHCARE SERVICES THAT PROMOTES THE DIGNITY AND WELL-BEING OF THE PEOPLE WE SERVE. THIS IS OUR MISSION AND OUR REASON FOR BEING. WE STRIVE TO RECRUIT AND RETAIN THE BEST PHYSICIANS AND STAFF AND PURCHASE THE BEST DIAGNOSTIC AND CURATIVE MEDICAL EQUIPMENT THAT OUR FINANCIAL RESOURCES WILL PERMIT. WE ALSO STRIVE TO BE ACCESSIBLE TO ALL MEMBERS OF OUR COMMUNITY WITH EMERGENT AND URGENT HEALTHCARE NEEDS, IRRESPECTIVE OF THEIR ABILITY TO PAY. THIS IS OUR COMMITMENT TO THE QUALITY, ACCESSIBILITY AND AFFORDABILITY FUNDAMENTALS AFFECTING THE DELIVERY OF HEALTHCARE.

Activities or mission (Part I)

FROEDTERT SOUTH, INC. IS A COMPREHENSIVE REGIONAL HEALTHCARE SYSTEM THAT HAS SERVED SOUTHEASTERN WISCONSIN AND NORTHERN ILLINOIS COMMUNITIES FOR MORE THAN 100 YEARS. FROEDTERT SOUTH PROVIDES SERVICES PRIMARILY THROUGH THE FROEDTERT KENOSHA HOSPITAL AND THE FROEDTERT PLEASANT PRAIRIE HOSPITAL AND SEVERAL OTHER CLINIC LOCATIONS.WE, AT FROEDTERT SOUTH, ARE COMMITTED TO LIVING OUT THE HEALING MINISTRIES OF THE JUDEO-CHRISTIAN FAITHS BY PROVIDING EXCEPTIONAL AND COMPASSIONATE HEALTHCARE SERVICES THAT PROMOTES THE DIGNITY AND WELL BEING OF THE PEOPLE WE SERVE. THIS IS OUR MISSION AND OUR REASON FOR BEING.

  • ACUTE CARE HOSPITAL THAT PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO ITS COMMUNITY. 2024 CHARITY CARE $4,469,756. CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTH SERVICES PROVIDED TO THOSE WHO CANNOT AFFORD TO PAY AND WHO MEET ALL CRITERIA FOR FINANCIAL ASSISTANCE. CHARITY CARE IS BASED ON ACTUAL COSTS, NOT CHARGES, AND DOES NOT INCLUDE BAD DEBT. UNREIMBURSED COST OF PUBLIC PROGRAMS $38,190,739. UNREIMBURSED COST OF PUBLIC PROGRAMS IS DEFINED AS THE SHORTFALL EXPERIENCED WHEN PAYMENTS RECEIVED ARE BELOW THE COST OF TREATING PUBLIC BENEFICIARIES THROUGH MEDICAID AND OTHER LOCAL PUBLIC PROGRAMS. COMMUNITY HEALTH IMPROVEMENT SERVICES $518,354. COMMUNITY HEALTH IMPROVEMENT SERVICES ARE DEFINED AS CLINICAL AND NON-CLINICAL SERVICES DESIGNED TO IMPROVE COMMUNITY HEALTH, WHICH ARE PROVIDED TO THE COMMUNITY FOR FREE OR FOR FEES THAT DID NOT COVER COSTS. FINANCIAL CONTRIBUTIONS $3,760. FINANCIAL CONTRIBUTIONS ARE DEFINED AS CONTRIBUTIONS, INCLUDING CASH, NON-CASH ITEMS SUCH AS FOOD, FURNITURE, EQUIPMENT, SUPPLIES, AND LOANED STAFF FOR VOLUNTEER AND CHARITABLE PURPOSES, MADE TO INDIVIDUALS, COMMUNITY GROUPS, OR NONPROFIT ORGANIZATIONS FOR CHARITABLE PURPOSES. HEALTH PROFESSIONS EDUCATION $4,700. HEALTH PROFESSIONS EDUCATION IS DEFINED AS DIRECT COSTS INCURRED FOR ACCREDITED TRAINING AND EDUCATION PROGRAMS FOR PHYSICIANS, NURSES, ALLIED HEALTH PROFESSIONALS AND TECHNICIANS (DOES NOT INCLUDE ONGOING EDUCATION FOR STAFF). COMMUNITY BUILDING ACTIVITIES $340,270. COMMUNITY BUILDING ACTIVITIES ARE DEFINED AS PROGRAMS THAT, WHILE NOT DIRECTLY RELATED TO HEALTH CARE, PROVIDE OPPORTUNITIES TO ADDRESS THE ROOT CAUSES OF HEALTH PROBLEMS, SUCH AS POVERTY, HOMELESSNESS, AND ENVIRONMENTAL ISSUES. COSTS FOR THESE ACTIVITIES INCLUDE CASH AND IN-KIND DONATIONS. COMMUNITY BENEFIT OPERATIONS $1,410. COMMUNITY BENEFIT OPERATIONS ARE DEFINED AS COSTS ASSOCIATED WITH DEDICATED STAFF AND COMMUNITY HEALTH NEEDS AND/OR ASSETS ASSESSMENT, AS WELL AS, OTHER COSTS ASSOCIATED WITH COMMUNITY BENEFIT STRATEGY AND OPERATIONS. TOTAL BENEFIT TO THE COMMUNITY FOR 2024 $43,528,989.

    Expenses $421,426,127 · Grants $17,250 · Revenue $480,934,422

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard O Schmidt Jr

    PRESIDENT/CEO/DIRECTOR

    Total calculated
    $1,876,820
    From this org
    $1,739,035
    From related orgs
    $0
    Other
    $137,785
    Hours/week
    45 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,184,979
    Bonus
    $521,082
    Other
    $32,974
    Deferred
    $117,250
    Nontaxable benefits
    $20,535
    Filer's total
    $1,876,820

  • Mario Garretto MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $924,539
    From this org
    $892,364
    From related orgs
    $0
    Other
    $32,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $604,598
    Bonus
    $237,498
    Other
    $50,268
    Deferred
    $17,250
    Nontaxable benefits
    $14,925
    Filer's total
    $924,539

  • Thomas Ambro MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $546,053
    From this org
    $512,806
    From related orgs
    $0
    Other
    $33,247
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $421,327
    Bonus
    $0
    Other
    $91,479
    Deferred
    $17,250
    Nontaxable benefits
    $15,997
    Filer's total
    $546,053

  • Mike Gentile

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Brian Albrecht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Imran Andrabi

    DIRECTOR (FROM JULY 2024)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Todd Battle

    DIRECTOR (THRU JULY 2024)

    Total calculated
    $0
    Hours/week
    2

  • Bryce Gartland

    DIRECTOR (FROM APR 2025)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Robert Lee Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas P Mahoney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Pitts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David R Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ian Schwartz

    DIRECTOR (THRU APRIL 2025)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Melissa Thompson

    DIRECTOR (FROM JAN 2025)

    Total calculated
    $0
    Hours/week
    2

  • Gary Zaid MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Linda Wohlgemuth

    ASST SECRETARY/SVP-COO

    Total calculated
    $818,058
    From this org
    $766,725
    From related orgs
    $0
    Other
    $51,333
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $616,118
    Bonus
    $122,179
    Other
    $28,428
    Deferred
    $42,250
    Nontaxable benefits
    $9,083
    Filer's total
    $818,058

  • Thomas Kelley

    ASST TREASURER/VP-CFO

    Total calculated
    $806,032
    From this org
    $738,126
    From related orgs
    $0
    Other
    $67,906
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $613,877
    Bonus
    $122,179
    Other
    $2,070
    Deferred
    $42,250
    Nontaxable benefits
    $25,656
    Filer's total
    $806,032

  • Susan Ventura

    SVP/COO

    Total calculated
    $425,800
    From this org
    $375,468
    From related orgs
    $0
    Other
    $50,332
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $300,510
    Bonus
    $61,090
    Other
    $13,868
    Deferred
    $41,572
    Nontaxable benefits
    $8,760
    Filer's total
    $425,800

  • David A Knight

    PHYSICIAN

    Total calculated
    $1,322,415
    From this org
    $1,304,033
    From related orgs
    $0
    Other
    $18,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $581,031
    Bonus
    $651,086
    Other
    $71,916
    Deferred
    $17,250
    Nontaxable benefits
    $1,132
    Filer's total
    $1,322,415

  • Brian C Hill

    PHYSICIAN

    Total calculated
    $1,108,652
    From this org
    $1,075,272
    From related orgs
    $0
    Other
    $33,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $553,721
    Bonus
    $453,496
    Other
    $68,055
    Deferred
    $17,250
    Nontaxable benefits
    $16,130
    Filer's total
    $1,108,652

  • Goya V Raikar

    PHYSICIAN

    Total calculated
    $1,059,255
    From this org
    $1,031,906
    From related orgs
    $0
    Other
    $27,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $823,079
    Bonus
    $0
    Other
    $208,827
    Deferred
    $17,250
    Nontaxable benefits
    $10,099
    Filer's total
    $1,059,255

  • George T Poullette

    PHYSICIAN

    Total calculated
    $867,709
    From this org
    $825,364
    From related orgs
    $0
    Other
    $42,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,877
    Bonus
    $481,159
    Other
    $42,328
    Deferred
    $17,250
    Nontaxable benefits
    $25,095
    Filer's total
    $867,709

  • Syed K Mehdi

    PHYSICIAN

    Total calculated
    $849,224
    From this org
    $835,401
    From related orgs
    $0
    Other
    $13,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $767,156
    Bonus
    $0
    Other
    $68,245
    Deferred
    $5,300
    Nontaxable benefits
    $8,523
    Filer's total
    $849,224

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

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 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 4B
INDIVIDUAL ELIGIBLE EMPLOYEES MAY PARTICIPATE IN A 457F PLAN. THE ORGANIZATION DOES NOT CONTRIBUTE TO THIS PLAN. THE FOLLOWING INDIVIDUALS PARTICIPATE IN THE PLAN: RICHARD SCHMIDT, ANDREW HARRON, NEIL SHEPLER, SUSAN VENTURA, LINDA WOHLGEMUTH, AND THOMAS KELLEY.
PART I, LINE 7
REPORTS DISCRETIONARY INCENTIVE AMOUNTS THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCE.

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.

  • FSINC INC

    501(C)(3) · HEALTHCARE · WI · controlled entity

    Directly controlled by FROEDTERT SOUTH INC

Provenance

Return type
form_990
Tax year
2024
Filed
18 March 2026
IRS schema version
2024v5.5
Source object
202610869349301706

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