Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $415,824,756

• 1e · Government grants (contributions)

  $858,952

• 2a · Program service revenue: Patient Services

  total $859,049,649 · related or exempt $859,049,649

• 2b · Program service revenue: Premium Revenue

  total $270,971,006 · related or exempt $270,971,006

• 2c · Program service revenue: Medicare QPP Incentive

  total $2,302,576 · related or exempt $2,302,576

• 2f · All other program service revenue

  total $1,177,635 · related or exempt $1,177,635

• 3 · Investment income

  total $14,402,320 · unrelated business $92,138 · excluded $14,310,182

• 6a · Gross rents

  real property $2,765,247

• 6b · Less rental expenses

  real property $155

• 6c · Rental income or loss

  real property $2,765,092

• 6d · Net rental income or loss

  total $2,765,092 · unrelated business $115,210 · excluded $2,649,882

• 7a · Gross sales of assets other than inventory

  securities $72,914,796 · other assets $34,000

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

  securities $71,326,608 · other assets $0

• 7c · Gain or loss

  securities $1,588,188 · other assets $34,000

• 7d · Net gain or loss

  total $1,622,188 · excluded $1,622,188

• 10a · Gross sales of inventory

  $3,981,090

• 10b · Cost of goods sold

  $1,739,587

• 10c · Net income from sales of inventory

  total $2,241,503 · related or exempt $2,241,503

• 11a · Other revenue: Legal Revenue

  total $608,752 · excluded $608,752

• 11d · All other revenue

  total $978,706 · excluded $978,706

• 11e · Other revenue, total

  $1,587,458

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $57,679,046 · program services $57,679,046

• 5 · Compensation of officers, directors and key employees

  total $8,232,830 · program services $5,500,160 · management and general $2,732,670

• 7 · Other salaries and wages

  total $907,150,636 · program services $885,923,168 · management and general $21,227,468

• 8 · Pension plan contributions

  total $24,280,386 · program services $24,280,386

• 9 · Other employee benefits

  total $70,891,920 · program services $70,891,920

• 10 · Payroll taxes

  total $41,838,467 · program services $41,838,467

• 11a · Fees: management

  total $46,197,589 · program services $45,141,049 · management and general $1,056,540

• 11b · Fees: legal

  total $16,001 · management and general $16,001

• 11c · Fees: accounting

  total $157,250 · management and general $157,250

• 11g · Fees: other

  total $31,879,881 · program services $31,879,881

• 12 · Advertising and promotion

  total $38,765 · program services $38,765

• 13 · Office expenses

  total $1,257,295 · program services $1,257,295

• 14 · Information technology

  total $930,983 · program services $930,983

• 16 · Occupancy

  total $28,074,850 · program services $28,074,850

• 17 · Travel

  total $567,288 · program services $567,288

• 19 · Conferences, conventions and meetings

  total $11,875,193 · program services $11,875,193

• 20 · Interest

  total $2,041,107 · management and general $2,041,107

• 22 · Depreciation, depletion and amortization

  total $26,039,047 · program services $26,039,047

• 23 · Insurance

  total $3,265,375 · program services $3,265,375

• 24a · Other expenses: Reimb. of Med School Ex

  total $221,147,168 · program services $221,147,168

• 24b · Other expenses: Drugs and Patient Care

  total $81,287,715 · program services $81,287,715

• 24c · Other expenses: Due and Subscriptions

  total $761,736 · program services $761,736

• 24d · Other expenses: Income Tax

  total $27,727 · program services $27,727

• 24e · All other expenses

  total $9,658,700 · program services $9,658,700

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $234,714,854 · end of year $236,889,913

• 4 · Accounts receivable

  beginning of year $96,744,738 · end of year $124,476,553

• 8 · Inventories for sale or use

  beginning of year $5,266,571 · end of year $4,918,662

• 9 · Prepaid expenses and deferred charges

  beginning of year $785,824 · end of year $612,256

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

  $219,112,249

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

  $127,854,460

• 10c · Land, buildings and equipment, net

  beginning of year $95,095,356 · end of year $91,257,789

• 11 · Investments: publicly traded securities

  beginning of year $213,620,977 · end of year $236,820,787

• 13 · Investments: program-related

  beginning of year $59,521,807 · end of year $66,202,162

• 14 · Intangible assets

  beginning of year $0 · end of year $127,089

• 15 · Other assets

  beginning of year $135,394,725 · end of year $62,157,992

• 17 · Accounts payable and accrued expenses

  beginning of year $139,850,826 · end of year $176,995,903

• 19 · Deferred revenue

  beginning of year $781,973 · end of year $789,265

• 20 · Tax-exempt bond liabilities

  beginning of year $12,165,000 · end of year $0

• 25 · Other liabilities

  beginning of year $278,011,939 · end of year $220,255,731

• 27 · Net assets without donor restrictions

  beginning of year $410,335,114 · end of year $425,422,304

The filer's explanations (Part III)

Part I, Line 4b

Several members of the board participate in supplemental, non-qualified retirement plans through University of Wisconsin Medical Foundation, or related organizations. Those individuals participate in a 457(f) plan. In 2024, the following employer contributions were made: - Kelsie Doty $9,236 - Alan Kaplan $923,610 - Jodi Vitello $38,640 - Kelly Wilson $131,652 - Peter Newcomer $206,370 - Patti Hutter $33,820 - Mary Link $33,820 In 2024, the following employer distributions were made: - Alan Kaplan $2,424,069 - Peter Newcomer $649,382 - Kelly Wilson $533,693

Part II, Column B:

Certain individuals received compensation from the University of Wisconsin School of Medicine and Public Health, an unrelated organization, for their services as physicians or professors. The following individuals have this compensation reported on Schedule J, Part II, Column b(i): - Petros Anagnostopoulos $82,869 - Mustafa Baskaya $95,925 - Jamie Hess $73,647 - Sandra Kamnetz $66,475 - Rebecca Minter $293,907 - Stephen Nakada $272,020 - Peter Newcomer $212,884 - Lynn Schnapp $69,447 - Elizabeth Trowbridge $233,235 - Katherine Gast $65,443 - Nizar Jarjour $266,074 - Sarah McAchran $85,741 - Andrea Spiker $45,784 - Kelly McQueen $222,835 - Azam Ahmed $65,490 - David Hennessy $54,391

Related partnerships

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

• Chartwell Wisconsin Enterprises LLC

  Related · Parent entity of CW and CMW-HR · WI · 50% owned · share of income $2,003,558 · share of assets $11,108,339

• Sixth Street Medical LLC

  Real Estate · WI

• Three Rivers Partners LLC

  Information Technology Services · IL

• The Featherstone Partnership LP

  Ambulatory Surgery Center · 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 · controlled entity

• Quartz Holding Company

  C · Holding Company · WI · controlled entity

• Quartz Health Solutions

  C · Insurance · WI · controlled entity

• Quartz Health Insurance Corporation

  C · Health Maintenance Organization · WI · controlled entity

• State & Charles Inc

  C · Holding Company · IL · controlled entity

• SwedishAmerican Health Management Corp

  C · Management Services · IL · controlled entity

• Wisconsin Dialysis

  C · Dialysis Services · WI · controlled entity