Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $250,800

• 1e · Government grants (contributions)

  $350,000

• 1f · All other contributions, gifts and grants

  $4,604,687

• 1g · Noncash contributions included above

  $433,459

• 2f · All other program service revenue

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

• 3 · Investment income

  total $903,659 · excluded $903,659

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $6,900,902

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

  securities $6,512,802

• 7c · Gain or loss

  securities $388,100 · other assets $0

• 7d · Net gain or loss

  total $388,100 · excluded $388,100

• 8a · Fundraising events: gross income

  $144,950

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

  $250,800

• 8b · Fundraising events: direct expenses

  $173,976

• 8c · Net income from fundraising events

  total -$29,026 · excluded -$29,026

• 11d · All other revenue

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

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,487,238 · program services $2,487,238

• 11f · Fees: investment management

  total $3,662 · management and general $3,662

• 11g · Fees: other

  total $776,344 · program services $0 · management and general $349,355 · fundraising $426,989

• 19 · Conferences, conventions and meetings

  total $9,400 · management and general $9,400

• 24a · Other expenses: UNCOLLECTIBLE PLEDGE EX

  total $9,464 · fundraising $9,464

• 24b · Other expenses: BANK CHARGES

  total $5,667 · management and general $5,667

• 24c · Other expenses: GIFTS IN KIND OFFSET

  total $9,400 · fundraising $9,400

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,525,905 · end of year $3,135,058

• 3 · Pledges and grants receivable

  beginning of year $3,946,015 · end of year $4,992,306

• 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

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $28,878,136 · end of year $31,734,032

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $141,133 · end of year $646,804

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $20,045,458 · end of year $22,939,377

• 28 · Net assets with donor restrictions

  beginning of year $14,163,465 · end of year $16,275,215

The filer's explanations (Part III)

Schedule J, Part I, Line 3

COMPENSATION OF TOP MANAGEMENT IS PAID BY AN OUTSIDE ORGANIZATION BUT A REVIEW IS PERFORMED. IN ESTABLISHING THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT, INDEPENDENT COMPENSATION CONSULTANTS ARE UTILIZED, COMPENSATION STUDIES ARE COMPLETED TO GATHER COMPARATIVE DATA, PERSONS WITH A CONFLICT OF INTEREST REGARDING THE COMPENSATION ARRANGEMENTS AT ISSUE ARE NOT INVOLVED IN THE DECISION MAKING PROCESS, AND AMOUNTS ARE REVIEWED AND APPROVED BY THE TALENT STRATEGY AND COMPENSATION COMMITTEE OF THE FROEDTERT THEDACARE HEALTH, INC. (A RELATED ORGANIZATION) BOARD OF DIRECTORS.

Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN

457(f) distributions: Andrabi, Imran - $216,027 457(f) plan participants: Andrabi, Imran Schwartz, Ian Smith, Adam

Schedule J, 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 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 OTHER MISCELLANEOUS COMPENSATION.

Schedule J, Part II, Column (F)

ON JANUARY 1, 2024, THE FROEDTERT HEALTH SYSTEM MERGED WITH THE THEDACARE HEALTH SYSTEM. AS OF THIS DATE, FROEDTERT HEALTH, INC. WAS RENAMED TO FROEDTERT THEDACARE HEALTH, INC. ("FTCH") AND BECAME THE SOLE CORPORATE MEMBER OF THEDACARE, INC. ("TC"). IN DOING SO, FTCH BECAME THE COMMON LAW EMPLOYER WITH RESPECT TO TC EMPLOYEES. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE LEGACY TC SECTION 457(F) DEFERRED COMPENSATION PLAN ("THEDACARE PLAN"). AS SUCH, ANY DEFERRED AMOUNTS IN PRIOR TAX YEARS UNDER THE THEDACARE PLAN WERE REPORTED ON THE RESPECTIVE TC FORM 990. NOW, AS COMMON LAW EMPLOYER OF THE TC EMPLOYEES, FTCH HAS INCLUDED ANY CURRENT YEAR COMPENSATION RELATED TO THESE PREVIOUSLY DEFERRED AMOUNTS IN COLUMN (B). THEREFORE, THESE AMOUNTS ARE ALSO APPROPRIATELY REPORTED IN COLUMN (F). ANDRABI, IMRAN