Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $250,135

• 1e · Government grants (contributions)

  $2,379,045

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

  total $262,732,781 · related or exempt $262,732,781

• 2b · Program service revenue: Management Service Fees

  total $17,459,527 · related or exempt $17,459,527

• 2c · Program service revenue: Information Technology

  total $4,392,598 · related or exempt $687,977 · unrelated business $3,704,621

• 2d · Program service revenue: Transcription Services

  total $24,961 · unrelated business $24,961

• 2f · All other program service revenue

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

• 3 · Investment income

  total $19,986,567 · excluded $19,986,567

• 6a · Gross rents

  real property $493,643

• 6c · Rental income or loss

  real property $493,643 · personal property $0

• 6d · Net rental income or loss

  total $493,643 · excluded $493,643

• 7a · Gross sales of assets other than inventory

  securities $3,639,455 · other assets $39,870

• 7c · Gain or loss

  securities $3,639,455 · other assets $39,870

• 7d · Net gain or loss

  total $3,679,325 · excluded $3,679,325

• 11a · Other revenue: Other Operating Revenue

  total $35,379,246 · unrelated business $149,390 · excluded $35,229,856

• 11b · Other revenue: Risk Sharing Performance Revenue

  total $18,096,875 · excluded $18,096,875

• 11c · Other revenue: Earnings from Equity Investments

  total $769,166 · unrelated business $22,290 · excluded $746,876

• 11d · All other revenue

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

• 11e · Other revenue, total

  $54,245,287

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,426,971 · program services $1,426,971

• 5 · Compensation of officers, directors and key employees

  total $5,623,307 · program services $4,498,646 · management and general $1,124,661

• 7 · Other salaries and wages

  total $228,138,346 · program services $182,510,677 · management and general $45,627,669

• 8 · Pension plan contributions

  total $72,022,149 · program services $54,016,612 · management and general $18,005,537

• 9 · Other employee benefits

  total $17,756,061 · program services $13,317,046 · management and general $4,439,015

• 10 · Payroll taxes

  total $16,155,239 · program services $12,116,429 · management and general $4,038,810

• 11d · Fees: lobbying

  total $137,865 · management and general $137,865

• 11f · Fees: investment management

  total $1,027,998 · management and general $1,027,998

• 11g · Fees: other

  total $40,678,761 · program services $30,509,071 · management and general $10,169,690 · fundraising $0

• 12 · Advertising and promotion

  total $6,971,371 · program services $5,228,528 · management and general $1,742,843

• 13 · Office expenses

  total $8,213,665 · program services $6,160,249 · management and general $2,053,416

• 14 · Information technology

  total $33,381,840 · program services $25,036,380 · management and general $8,345,460

• 16 · Occupancy

  total $20,613,399 · program services $15,460,049 · management and general $5,153,350

• 17 · Travel

  total $1,145,317 · program services $858,988 · management and general $286,329

• 19 · Conferences, conventions and meetings

  total $1,960,375 · program services $1,470,281 · management and general $490,094

• 20 · Interest

  total $11,384,570 · management and general $11,384,570

• 22 · Depreciation, depletion and amortization

  total $9,425,855 · program services $7,069,391 · management and general $2,356,464

• 23 · Insurance

  total $2,275,271 · program services $1,706,453 · management and general $568,818

• 24a · Other expenses: Equipment and Maintenance

  total $15,050,093 · program services $15,050,093

• 24b · Other expenses: Medical Supplies

  total $5,782,401 · program services $5,782,401

• 24c · Other expenses: Food and Nutrition

  total $790,713 · program services $790,713

• 24d · Other expenses: Unrelated Business Income Tax

  total $522,126 · management and general $522,126

• 24e · All other expenses

  total $75,030 · program services $75,030 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,255 · end of year $30,453

• 4 · Accounts receivable

  beginning of year $39,035,373 · end of year $48,139,656

• 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 $748,452 · end of year $914,280

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,150,802 · end of year $13,616,046

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

  $293,214,334

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

  $153,754,824

• 10c · Land, buildings and equipment, net

  beginning of year $149,809,564 · end of year $139,459,510

• 11 · Investments: publicly traded securities

  beginning of year $700,049,078 · end of year $784,477,604

• 12 · Investments: other securities

  beginning of year $139,115,861 · end of year $135,095,767

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $93,923,501 · end of year $87,260,308

• 17 · Accounts payable and accrued expenses

  beginning of year $697,081,539 · end of year $545,706,769

• 19 · Deferred revenue

  beginning of year $18,508,248 · end of year $19,095,391

• 20 · Tax-exempt bond liabilities

  beginning of year $302,277,772 · end of year $292,036,862

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $841,979,277 · end of year $1,076,597,785

• 27 · Net assets without donor restrictions

  beginning of year -$723,006,950 · end of year -$724,453,183

• 28 · Net assets with donor restrictions

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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

All executives at a level of vice president and above are eligible to have health or fitness club fees reimbursed to them, and taxed upon reimbursement.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

Senior level executives of the company are entitled to an annual flexible benefit equal to 20% of the midpoint of their salary range. This 457(f) supplemental benefit plan complies with the final regulations under section 409(a) and 457(f) of the internal revenue code. Participants may elect the benefit to be used to purchase particular insurance benefits, invest in a supplemental executive retirement plan, or a combination of the two. Benefits are accrued on a monthly basis and are subject to the substantial risk or forfeiture agreement signed by the participants. Plan contributions are made on a quarterly basis. During the year, the following individuals participated in and received payment from the plan: Imran Andrabi, MD $202,570 Mark Thompson $162,970 Thomas Arquilla $97,329 During the year, the following individuals accrued an amount from the plan, which is included in deferred compensation: Imran Andrabi, MD $175,103 Brian Sterns $34,876 William Flett $12,775

Schedule J, Part I, Line 7 Non-fixed payments

Executive at risk compensation plan: The plan objectives are to enhance ThedaCare, Inc's ability to achieve its goals by providing a tool for stimulating and rewarding superior levels of performance among leaders and to work together as a cohesive group towards common goals. Leaders from manager level to the president and CEO are eligible to participate in this plan. The percentage for which an individual is eligible determined by the parameters listed for the leadership position and in the plan document on file. Leaders make recommendations for their management level direct reports to their executive leader based on performance results. The president and CEO also reviews and approves. For senior vice presidents, the executive leadership team, and the president and CEO, the recommendations are reviewed and approved by the human resources and governance committee of the board and the executive committee of the board. These committees also review the total spend for the incentive plans. These leaders must be in an active regular service of ThedaCare, Inc. for the entire plan year (January 1, 2023 to December 31, 2023) to receive a 2024 bonus. Caring for Success: The plan objectives are to provide incentive to focus the organization's resources, energy and attention to the fulfillment of ThedaCare's mission. Employee eligibility is based on the number of hours worked. All eligible employees share in the payout. The payout amount is a flat dollar amount, determined based on both financial and quality thresholds. The amount per employee is determined by dividing the total gain realized (the employee share) by hours paid to all eligible employees. The ThedaCare board of trustees approves the spend for the plan.

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 $2,125,527 · assets $7,428,248

  Directly controlled by ThedaCare Inc

• ThedaCare Core ACO LLC

  Accountable Care Organization · WI · income $40,274 · assets $4,807,590

  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

  Excluded · Rental · WI · 17.33% owned · general or managing partner

  Directly controlled by NA

• Encircle Realco LLC

  Excluded · Property Holding · OH

  Directly controlled by ThedaCare Regional Medical Center - Appleton Inc