← FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS INC

Form 990 for tax year 2023

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

Totals

Total revenue: $402,930,824
Total expenses: $402,930,824
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $353,813,801
Investment income: $15,514
Other revenue: $49,101,509
Total assets, end of year: $124,772,746
Total liabilities, end of year: $57,285,343
Net assets or fund balances, end of year: $67,487,403
Program services expenses (Part IX): $361,902,837
Management and general expenses: $41,027,987
Fundraising expenses: $0
Program service expenses (Part III): $361,902,837

Program services were 89.8% 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 $169,512,192 · related or exempt $169,512,192
2b · Program service revenue: PRIMARY CARE SERVICES

total $135,510,686 · related or exempt $135,510,686
2c · Program service revenue: ANCILLARY CARE SERVICES

total $48,790,923 · related or exempt $48,790,923
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

other assets $15,514
7c · Gain or loss

securities $0 · other assets $15,514
7d · Net gain or loss

total $15,514 · excluded $15,514
11a · Other revenue: MANAGEMENT FEES

total $24,820,824 · related or exempt $24,820,824
11b · Other revenue: CORPORATE ALLOCATED REVENUE

total $15,674,237 · related or exempt $15,674,237
11c · Other revenue: OTHER DEPT OPERATING REVENUE

total $8,606,448 · related or exempt $8,606,448
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$49,101,509

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $1,529,453 · program services $0 · management and general $1,529,453 · fundraising $0
7 · Other salaries and wages

total $212,823,155 · program services $203,149,948 · management and general $9,673,207
8 · Pension plan contributions

total $71,273 · management and general $71,273
9 · Other employee benefits

total $35,461 · program services $33,481 · management and general $1,980
10 · Payroll taxes

total $14,888,018 · program services $14,254,833 · management and general $633,185
11b · Fees: legal

total $26,312 · management and general $26,312
11g · Fees: other

total $126,200,871 · program services $111,194,460 · management and general $15,006,411 · fundraising $0
13 · Office expenses

total $1,172,020 · program services $1,121,627 · management and general $50,393
14 · Information technology

total $238,933 · program services $232,098 · management and general $6,835
16 · Occupancy

total $31,312,415 · program services $29,746,794 · management and general $1,565,621
17 · Travel

total $95,873 · program services $82,781 · management and general $13,092
19 · Conferences, conventions and meetings

total $421,029 · program services $332,362 · management and general $88,667
20 · Interest

total $30,509 · program services $30,509
22 · Depreciation, depletion and amortization

total $5,742,510 · program services $5,455,385 · management and general $287,125
23 · Insurance

total $140,247 · program services $140,247
24a · Other expenses: CORPORATE ALLOCATIONS

total $78,381,942 · program services $47,770,386 · management and general $30,611,556
24b · Other expenses: MEDICAL SUPPLIES

total $34,783,128 · program services $34,782,847 · management and general $281
24c · Other expenses: Other - Pay for Performance

total $4,338,000 · program services $4,338,000
24d · Other expenses: ALL OTHER DIRECT EXPENS

total $1,887,319 · program services $909,403 · management and general $977,916
24e · All other expenses

total -$111,187,644 · program services -$91,672,324 · management and general -$19,515,320 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $600 · end of year $600
4 · Accounts receivable

beginning of year $36,539,913 · end of year $45,200,325
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 $1,338,855 · end of year $1,852,557
9 · Prepaid expenses and deferred charges

beginning of year $109,784 · end of year $193,482
10a · Land, buildings and equipment: cost or other basis

$167,599,656
10b · Land, buildings and equipment: accumulated depreciation

$90,091,524
10c · Land, buildings and equipment, net

beginning of year $72,189,797 · end of year $77,508,132
12 · Investments: other securities

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

beginning 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 $40,988,795 · end of year $55,911,648
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 $1,584,175 · end of year $1,373,695
25 · Other liabilities

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

beginning of year $67,623,629 · end of year $67,487,403

Mission and programs · 2023

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.

FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS, INC.'S (CP) SPECIALTY DEPARTMENTS SAW OVER 573,000 PATIENT VISITS IN FY24. CP HAS OVER 979 SPECIALTY PROVIDERS WHO PROVIDE SERVICES INCLUDING AREAS SUCH AS OBSTETRICS, SURGERY, BEHAVIORAL HEALTH, CARDIOLOGY, AND SEVERAL OTHERS.

Expenses $152,257,662 · Revenue $169,512,192
CP'S PRIMARY CARE DEPARTMENTS SAW OVER 624,000 PATIENT VISITS IN FY24. CP HAS OVER 589 PRIMARY CARE PROVIDERS WHO PROVIDE SERVICES IN THE AREAS OF FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRICS, AND WALK-IN CLINIC.

Expenses $121,717,146 · Revenue $135,510,686
CP'S ANCILLARY DEPARTMENTS SAW OVER 574,000 PATIENT VISITS IN FY24. CP PROVIDES ANCILLARY SERVICES IN THE AREAS OF LABORATORY, RADIOLOGY, AND REHABILITATION SERVICES.

Expenses $43,824,528 · Revenue $48,790,923
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 FTCH, AN AFFILIATED ORGANIZATION.

Expenses $44,103,501 · Revenue $49,101,509

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Catherine Jacobson

Director & BOD V. Chair

Total calculated

$0

Hours/week

1
John Raymond MD

Director & BOD Chair

Total calculated

$0

Hours/week

1
Scott Hawig

Director & Treasurer

Total calculated

$0

Hours/week

1
David Olson

Director

Total calculated

$0

Hours/week

1
Ian Schwartz

Director (Start Dec23)

Total calculated

$0

Hours/week

1
Jennifer Rabaglia

Director (Start Jul23; Term Sep23)

Total calculated

$0

Hours/week

1
Joseph Kerschner MD

Director

Total calculated

$0

Hours/week

1
Kevin Regner MD

Director (Start Apr24)

Total calculated

$0

Hours/week

1
Kimberly Gecsi MD

Director (Start Apr24)

Total calculated

$0

Hours/week

1
Mark Behl

Director (Term Sep23)

Total calculated

$0

Hours/week

1
Matthew Lester

Director

Total calculated

$0

Hours/week

1
Roy Silverstein MD

Director (Term Jun24)

Total calculated

$0

Hours/week

1
Susan Campbell

Director

Total calculated

$0

Hours/week

1
Amir Ghaferi MD

President

Total calculated

$0

Hours/week

1
Amy Miller MD

Chief Medical Officer

Total calculated

$760,591

From this org

$667,853

From related orgs

$0

Other

$92,738

Hours/week

50

Schedule J breakdown matched by us

Base

$554,312

Bonus

$89,706

Other

$23,835

Deferred

$55,084

Nontaxable benefits

$37,654

Filer's total

$760,591
Ann Tesmer

Sr VP Clinical Operations

Total calculated

$676,652

From this org

$538,135

From related orgs

$0

Other

$138,517

Hours/week

50

Schedule J breakdown matched by us

Base

$381,035

Bonus

$98,407

Other

$58,693

Deferred

$104,055

Nontaxable benefits

$34,462

Filer's total

$676,652
Ashley Wanless MD

Doctor-OB/GYN

Total calculated

$613,512

From this org

$564,545

From related orgs

$0

Other

$48,967

Hours/week

50

Schedule J breakdown matched by us

Base

$539,250

Bonus

$24,032

Other

$1,263

Deferred

$18,288

Nontaxable benefits

$30,679

Filer's total

$613,512
Douglas Marx DO

Doctor & Chief Medical Officer

Total calculated

$871,359

From this org

$811,288

From related orgs

$0

Other

$60,071

Hours/week

50

Schedule J breakdown matched by us

Base

$710,550

Bonus

$75,166

Other

$25,572

Deferred

$23,583

Nontaxable benefits

$36,488

Filer's total

$871,359
Mir Quryshi

Doctor-Internal Medicine

Total calculated

$734,847

From this org

$685,934

From related orgs

$0

Other

$48,913

Hours/week

50

Schedule J breakdown matched by us

Base

$635,424

Bonus

$26,925

Other

$23,585

Deferred

$17,525

Nontaxable benefits

$31,388

Filer's total

$734,847
Roseann Gumina

Doctor-OB/GYN

Total calculated

$631,107

From this org

$574,476

From related orgs

$0

Other

$56,631

Hours/week

50

Schedule J breakdown matched by us

Base

$522,809

Bonus

$27,426

Other

$24,241

Deferred

$22,100

Nontaxable benefits

$34,531

Filer's total

$631,107
Tyshunda Manning MD

Doctor-OB/GYN

Total calculated

$726,311

From this org

$671,409

From related orgs

$0

Other

$54,902

Hours/week

50

Schedule J breakdown matched by us

Base

$613,098

Bonus

$28,830

Other

$29,481

Deferred

$20,575

Nontaxable benefits

$34,327

Filer's total

$726,311

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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation: COMPENSATION OF CEO/EXECUTIVE DIRECTOR ESTABLISHED BY AFFILIATED ORGANIZATION, FROEDTERT THEDACARE 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. AMIR GHAFERI, MD, IS THE PRESIDENT OF CP AND IS EMPLOYED BY THE MEDICAL COLLEGE OF WISCONSIN.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan: 457(F) DISTRIBUTIONS: TESMER, ANN - $33,978 457(F) PLAN PARTICIPANTS: MARX, DOUGLAS MILLER, AMY TESMER, ANN
Schedule J, Part I, Line 7 Non-fixed payments: 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 LINES 1 THROUGH 4 AND 6 THROUGH 7:: 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: 2023
Filed: 15 May 2025
IRS schema version: 2023v6.0
Source object: 202531359349304393

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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