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Nonprofiteer
← FROEDTERT MEMORIAL LUTHERAN HOSPITAL INC

Form 990 for tax year 2023

Filed by FROEDTERT MEMORIAL LUTHERAN HOSPITAL INC.

Totals

Total revenue
$2,686,528,098
Total expenses
$2,464,244,933
Contributions and grants received
$9,553,539
Grants paid
$300,000
Program service revenue
$2,583,347,647
Investment income
-$44,344
Other revenue
$93,671,256
Total assets, end of year
$1,365,033,965
Total liabilities, end of year
$128,976,765
Net assets or fund balances, end of year
$1,236,057,200
Program services expenses (Part IX)
$2,052,680,386
Management and general expenses
$411,564,547
Fundraising expenses
$0
Program service expenses (Part III)
$2,052,680,386

Program services were 83.3% 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.

  • 1d · Related organizations

    $9,553,539

  • 2a · Program service revenue: HOSPITAL OUTPATIENT

    total $1,309,984,004 · related or exempt $1,309,984,004

  • 2b · Program service revenue: HOSPITAL INPATIENT

    total $1,122,027,432 · related or exempt $1,122,027,432

  • 2c · Program service revenue: MEDICAL EDUCATION

    total $81,150,694 · related or exempt $81,150,694

  • 2d · Program service revenue: TRAUMA

    total $70,185,517 · related or exempt $70,185,517

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $123,744 · excluded $123,744

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $21,300

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

    other assets $189,388

  • 7c · Gain or loss

    securities $0 · other assets -$168,088

  • 7d · Net gain or loss

    total -$168,088 · excluded -$168,088

  • 11a · Other revenue: CORP ALLOCATED REVENUE

    total $64,037,370 · related or exempt $64,037,370

  • 11b · Other revenue: OTHER DEPARTMENT REVENUE

    total $10,607,903 · related or exempt $10,607,903

  • 11c · Other revenue: RENT REVENUE

    total $9,710,842 · related or exempt $9,710,842

  • 11d · All other revenue

    total $9,315,141 · related or exempt $1,783,594 · unrelated business $0 · excluded $7,531,547

  • 11e · Other revenue, total

    $93,671,256

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300,000 · program services $300,000

  • 7 · Other salaries and wages

    total $548,067,327 · program services $523,613,399 · management and general $24,453,928

  • 9 · Other employee benefits

    total $192,957 · program services $184,348 · management and general $8,609

  • 10 · Payroll taxes

    total $39,709,192 · program services $37,937,428 · management and general $1,771,764

  • 11b · Fees: legal

    total $1,157,673 · management and general $1,157,673

  • 11g · Fees: other

    total $243,494,626 · program services $225,709,613 · management and general $17,785,013 · fundraising $0

  • 12 · Advertising and promotion

    total $4,534 · program services $4,534

  • 13 · Office expenses

    total $6,231,814 · program services $6,174,552 · management and general $57,262

  • 14 · Information technology

    total $1,475,602 · program services $1,437,581 · management and general $38,021

  • 16 · Occupancy

    total $28,370,116 · program services $22,728,591 · management and general $5,641,525

  • 17 · Travel

    total $467,039 · program services $427,236 · management and general $39,803

  • 19 · Conferences, conventions and meetings

    total $683,093 · program services $614,225 · management and general $68,868

  • 20 · Interest

    total $17,270,082 · program services $13,835,849 · management and general $3,434,233

  • 22 · Depreciation, depletion and amortization

    total $74,421,168 · program services $59,622,188 · management and general $14,798,980

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $692,573,128 · program services $692,287,799 · management and general $285,329

  • 24b · Other expenses: CORPORATE ALLOCATIONS

    total $550,717,175 · program services $225,961,381 · management and general $324,755,794

  • 24c · Other expenses: MEDICAL EDUCATION

    total $152,192,549 · program services $152,192,549

  • 24d · Other expenses: AFFIL SUP - COMM PHYS

    total $54,496,357 · program services $44,806,905 · management and general $9,689,452

  • 24e · All other expenses

    total $52,420,501 · program services $44,842,208 · management and general $7,578,293 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,900 · end of year $15,250

  • 2 · Savings and temporary cash investments

    beginning of year $1,136,788 · end of year $27,286

  • 4 · Accounts receivable

    beginning of year $324,891,978 · end of year $334,051,344

  • 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 $19,806,615 · end of year $20,000,621

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,025,390 · end of year $8,640,321

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

    $2,008,253,666

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

    $1,035,421,313

  • 10c · Land, buildings and equipment, net

    beginning of year $921,701,964 · end of year $972,832,353

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $26,854,292 · end of year $29,466,790

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,933,778 · end of year $78,725,137

  • 19 · Deferred revenue

    beginning of year $333,837 · end of year $337,226

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $71,254 · end of year $14,823

  • 25 · Other liabilities

    beginning of year $54,584,769 · end of year $49,899,579

  • 27 · Net assets without donor restrictions

    beginning of year $1,118,947,727 · end of year $1,199,047,687

  • 28 · Net assets with donor restrictions

    beginning of year $33,560,562 · end of year $37,009,513

Mission and programs · 2023

Mission

FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC. (FMLH) ADVANCES THE HEALTH OF THE PEOPLE OF THE DIVERSE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL CARE ENHANCED BY INNOVATION AND DISCOVERY.

Activities or mission (Part I)

FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC. (FMLH) ADVANCES THE HEALTH OF THE PEOPLE OF THE DIVERSE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL CARE ENHANCED BY INNOVATION.

  • OUTPATIENT SERVICES - SEE SCHEDULE O

    Expenses $994,853,836 · Revenue $1,309,984,004

  • INPATIENT SERVICES - SEE SCHEDULE O

    Expenses $828,770,862 · Revenue $1,122,027,432

  • MEDICAL EDUCATION - SEE SCHEDULE O

    Expenses $152,192,549 · Revenue $81,150,695

  • EMERGENCY & TRAUMA CENTER, AND OTHER PROGRAM REVENUE Emergency and Trauma Center. FMLH has a community emergency department serving southeastern Wisconsin. They provide critical care, general emergency and minor care. FMLH is the only adult Level 1 Trauma Center in southeastern Wisconsin and supports the area's only air medical rescue program (Flight For Life) serving as a vital resource for the region. As a Level 1 trauma center we have: - Prompt availability of specialists in trauma surgery, orthopaedic surgery, neurosurgery, surgical critical care, and rehabilitation medicine to adequately respond to and care for various traumatic injuries. - Emergency Department staffed 24/7 by board-certified emergency physicians - Board certified trauma surgeons in-house and available 24/7 - Operating room dedicated solely to trauma patients - A State of the art Surgical Intensive Care Unit that provides life-saving care - A comprehensive injury prevention program providing education and outreach in the community - Professional education for physicians, nurses, emergency medical services personnel and physician liaisons - Conduct resident training in general surgery, orthopaedic surgery, neurosurgery and emergency medicine - Commitment to research to stay on the leading edge of the latest advances in trauma care Being a Level 1 status differentiates FMLH from all other hospitals and emergency departments in the region. During fiscal year 2024, Froedtert had 75,165 emergency visits and the Trauma Center evaluated 4,368 patients. Other Program Services Revenue As part of operating an acute care hospital and providing health care services to the community, other revenue is derived in the following areas: 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 meaningful use revenue, pharmacy Revenue, medical staff application fees, and revenue from classes, pump rentals, and other wellness services. Dietary Revenue - revenue derived from cafeteria sales, vending machine sales, guest tray sales and employee meals. Dietary services are necessary to support services to patient families while their loved one is receiving care in the Hospital. The revenue from employee meals is a benefit provided by the Hospital as an employer and it allows our staff to remain on site for patient care. Corporate Allocated Revenue - revenue passed through from Froedtert ThedaCare Health (FTCH), a related party. Intercompany Revenue - consists of revenue derived from medical and administrative services provided to the other FTCH entities. All of these services support the delivery of healthcare to the community. Miscellaneous Revenue - revenue derived from different services through the process of providing patient care in the normal operation of a medical facility. Included in this category are items such as rental revenue, parking revenue, research revenue, recycling revenue, taxable sales, and sale of medical records, and interest income.

    Expenses $76,863,139 · Grants $300,000 · Revenue $156,325,225

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

Listed in Part VII

  • Allen Ericson

    Director & FMLH President (Start May24)

    Total calculated
    $1,049,080
    From this org
    $0
    From related orgs
    $875,006
    Other
    $174,074
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $564,706 related
    Bonus
    $0 + $142,952 related
    Other
    $0 + $167,348 related
    Deferred
    $0 + $137,340 related
    Nontaxable benefits
    $0 + $36,734 related
    Filer's total
    $0 + $1,049,080 related

  • Anne Zizzo

    Director & BOD Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eric Conley

    Director & FMLH President (Term Apr24)

    Total calculated
    $1,616,214
    From this org
    $0
    From related orgs
    $1,403,238
    Other
    $212,976
    Hours/week
    42 + 8 related

    Schedule J breakdown matched by us

    Base
    $0 + $766,153 related
    Bonus
    $0 + $494,021 related
    Other
    $0 + $143,064 related
    Deferred
    $0 + $176,458 related
    Nontaxable benefits
    $0 + $36,518 related
    Filer's total
    $0 + $1,616,214 related

  • Lori Gendelman

    Director & BOD V.Chair

    Total calculated
    $0
    Hours/week
    1

  • Barbara Slawski MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Catherine Jacobson

    Director & FTCH President/CEO

    Total calculated
    $6,191,269
    From this org
    $0
    From related orgs
    $5,872,993
    Other
    $318,276
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,711,053 related
    Bonus
    $0 + $1,915,129 related
    Other
    $0 + $2,246,811 related
    Deferred
    $0 + $280,978 related
    Nontaxable benefits
    $0 + $37,298 related
    Filer's total
    $0 + $6,191,269 related

  • Chris Her-Xiong

    Director (Start Jul23)

    Total calculated
    $0
    Hours/week
    1

  • Derek Mosley Judge

    Director

    Total calculated
    $0
    Hours/week
    1

  • Frank Cumberbatch

    Director (Start Jul23)

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Lopez

    Director (Start Jul23)

    Total calculated
    $0
    Hours/week
    1

  • Kareeda Chones-Aguam

    Director

    Total calculated
    $0
    Hours/week
    1

  • Louis Butler Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Margaret Faut Callahan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew Rinka

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Stadler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michele Bria

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paula Schmidt

    Director & VP Patient Care Svc/CNO

    Total calculated
    $461,958
    From this org
    $0
    From related orgs
    $380,268
    Other
    $81,690
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $283,332 related
    Bonus
    $0 + $73,259 related
    Other
    $0 + $23,677 related
    Deferred
    $0 + $48,937 related
    Nontaxable benefits
    $0 + $32,753 related
    Filer's total
    $0 + $461,958 related

  • Rafael Acevedo Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephen Brenton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tito Izard MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Adam Smith

    Treasurer

    Total calculated
    $488,945
    From this org
    $0
    From related orgs
    $416,956
    Other
    $71,989
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,773 related
    Bonus
    $0 + $101,071 related
    Other
    $0 + $1,112 related
    Deferred
    $0 + $49,435 related
    Nontaxable benefits
    $0 + $22,554 related
    Filer's total
    $0 + $488,945 related

  • Linda McPike

    BOD Secretary

    Total calculated
    $395,191
    From this org
    $0
    From related orgs
    $368,327
    Other
    $26,864
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,069 related
    Bonus
    $0 + $30,750 related
    Other
    $0 + $44,508 related
    Deferred
    $0 + $20,575 related
    Nontaxable benefits
    $0 + $6,289 related
    Filer's total
    $0 + $395,191 related

  • Jeffrey Van De Kreeke

    Former - Officer (Treas)

    Total calculated
    $208,246
    From this org
    $0
    From related orgs
    $196,046
    Other
    $12,200
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $196,046 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $208,246 related

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
COMPENSATION OF CEO/EXECUTIVE DIRECTOR ESTABLISHED BY RELATED ORGANIZATION, FROEDTERT THEDACARE HEALTH, THROUGH USE OF COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4a SEVERANCE OR CHANGE-OF-CONTROL PAYMENT
SEVERANCE: VAN DE KREEKE, JEFFREY - $196,046
Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
457(F) DISTRIBUTIONS: CONLEY, ERIC - $115,894 ERICSON, ALLEN - $139,594 JACOBSON, CATHERINE - $2,074,559 457(F) PLAN PARTICIPANTS: CONLEY, ERIC ERICSON, ALLEN JACOBSON, CATHERINE SCHMIDT, PAULA SMITH, ADAM NON-QUALIFIED DISTRIBUTIONS: JACOBSON, CATHERINE - $167,475 (OF WHICH $0 WAS REPORTED AS DEFERRED ON A PRIOR FORM 990) NON-QUALIFIED PARTICIPANTS: JACOBSON, CATHERINE
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 457(F) DEFERRED COMPENSATION PLAN DISTRIBUTIONS PAID TO INDIVIDUALS, AMOUNTS PAID IN LIEU OF 457(F) DEFERRED COMPENSATION PLAN CONTRIBUTIONS, AND OTHER MISCELLANEOUS COMPENSATION.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

  • FROEDTERT SURGERY CENTER LLC

    N/A · SURGICAL SVCS · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • D1 SPORTS TRAINING OF MILWAUKEE LLC

    N/A · SPORTS THERAPY · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • WISCONSIN DIAGNOSTIC LABORATORIES LLC

    N/A · LABORATORY SVCS · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • DREXEL TOWN SQUARE SURGERY CENTER LLC

    N/A · SURGICAL SVCS · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • THP - FROEDTERT HEALTH VENTURE LLC

    N/A · HEALTH CARE SVCS · TX · share of income $0 · share of assets $0

    Directly controlled by NA

  • F&MCW NETWORK LLC

    N/A · HEALTH CARE SVCS · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • MENOMONEE FALLS AMBULATORY SURGERY CTR

    N/A · HEALTH CARE SVCS · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • FROEDERT & MEDICAL COLLEGE OF WI ACO LLC

    N/A · HEALTH CARE SVCS · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • WEST BEND SURGERY CENTER LLC

    N/A · HEALTH CARE SVCS · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • NATIONAL LABORATORY NETWORK LLC

    N/A · LABORATORY SVCS · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • N APPLETON AMBULATORY CARE CENTER BUILDING COMPANY LLC

    N/A · RENTAL · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • ENCIRCLE REALCO LLC

    N/A · PROPERTY HOLDING · OH · share of income $0 · share of assets $0

    Directly controlled by NA

  • FMLH MCW REAL ESTATE VENTURES LLC

    N/A · REAL ESTATE · WI · share of income $0 · share of assets $0

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FROEDTERT MEMORIAL LUTHERAN HS

    Trust · CHARITABLE TRUST · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • HART'S MILLS INSURANCE COMPANY

    C Corporation · SELF-INSURANCE · CJ · share of income $0 · share of assets $0

    Directly controlled by NA

  • NETWORK HEALTH INC

    C Corporation · SELF- INSURANCE · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • NETWORK HEALTH INSURANCE CORPORATION

    C Corporation · SELF-INSURANCE · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • NETWORK HEALTH PLAN

    C Corporation · SELF-INSURANCE · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • FH INVESTMENT HOLDINGS INC

    C Corporation · HEALTHCARE SVCS · WI · share of income $0 · share of assets $0

    Directly controlled by NA

  • HOLY FAMILY HEALTH SERVICES INC

    C Corporation · HEALTH SERVICES · WI · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349311760

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