Froedtert & the Medical College of Wisconsin Community Physicians Inc
90% goes to programs Growing revenue
Froedtert & the Medical College of Wisconsin Community Physicians Inc is a 501(c)(3) organization based in Menomonee Falls, Wisconsin, registered in 2013, with $402,930,824 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
W126 N7338 Flint Drive, Menomonee Falls, WI, 53051 EIN 27-2042610 Since 2013
Revenue (FY2023)
$402.9M
▲ 8.5% vs prior year
Health median: $840K
Expenses (FY2023)
$402.9M
Net assets
$67.5M
Employees
2,831
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Froedtert & the Medical College of Wisconsin Community Physicians Inc: 90% to programs earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Froedtert & the Medical College of Wisconsin Community Physicians Inc: 2 mo reserves · +0% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Froedtert & the Medical College of Wisconsin Community Physicians Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Froedtert & the Medical College of Wisconsin Community Physicians Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
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.
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.
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.
Contact & location
- Address
- W126 N7338 Flint Drive, Menomonee Falls, WI, 53051
- City
- Menomonee Falls
- State
- Wisconsin
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $210.7M (FY2014) to $402.9M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $57.3MNet assets $67.5M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$124.8M
Total liabilities
$57.3M
Net assets
$67.5M
Salaries & benefits
$229.3M
57% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $402,930,824▲8.5% | $402,930,824▲8.5% | $67,487,403▼0.2% | $124,772,746▲13.2% | 990 |
| 2022 | $371,272,342▲11.2% | $371,272,342▲11.2% | $67,623,629▲16.7% | $110,196,599▲0.1% | 990 |
| 2021 | $333,946,532▲4.7% | $333,946,532▲4.7% | $57,967,883▲3.7% | $110,083,015▼3.6% | 990 |
| 2020 | $318,922,551▲18.0% | $318,922,551▲18.0% | $55,925,757▲5.6% | $114,223,904▲4.3% | 990 |
| 2019 | $270,322,497▼2.4% | $270,322,497▼2.4% | $52,974,291▲24.3% | $109,515,659▲48.0% | 990 |
| 2018 | $276,946,436▲7.5% | $276,946,436▲7.5% | $42,607,583▲27.2% | $74,007,838▲4.4% | 990 |
| 2017 | $257,702,142▲11.6% | $257,702,142▲11.6% | $33,502,196▼28.2% | $70,895,372▼23.8% | 990 |
| 2016 | $230,886,791▲2.8% | $230,886,791▲2.8% | $46,628,609 | $93,046,770▲31.2% | 990 |
| 2015 | $224,508,164▲6.6% | $224,508,164▲6.6% | $46,628,609 | $70,915,043▼14.2% | 990 |
| 2014 | $210,656,333 | $210,656,333▲163% | $46,628,609▲582% | $82,607,484▲383% | 990 |
| 2012 | — | $79,954,534 | $6,834,233 | $17,085,316 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Douglas Marx Do — $811,288 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Douglas Marx Do | Doctor & Chief Medical Officer | 50 | $811,288 |
| Mir Quryshi | Doctor-internal Medicine | 50 | $685,934 |
| Tyshunda Manning Md | Doctor-ob/gyn | 50 | $671,409 |
| Amy Miller Md | Chief Medical Officer | 50 | $667,853 |
| Roseann Gumina | Doctor-ob/gyn | 50 | $574,476 |
| Ashley Wanless Md | Doctor-ob/gyn | 50 | $564,545 |
| Ann Tesmer | Sr Vp Clinical Operations | 50 | $538,135 |
| Amir Ghaferi Md | President | 1 | — |
| Catherine Jacobson | Director & Bod V. Chair | 1 | — |
| David Olson | Director | 1 | — |
| Ian Schwartz | Director (start Dec23) | 1 | — |
| Jennifer Rabaglia | Director (start Jul23; Term Sep23) | 1 | — |
| John Raymond Md | Director & Bod Chair | 1 | — |
| Joseph Kerschner Md | Director | 1 | — |
| Kevin Regner Md | Director (start Apr24) | 1 | — |
| Kimberly Gecsi Md | Director (start Apr24) | 1 | — |
| Mark Behl | Director (term Sep23) | 1 | — |
| Matthew Lester | Director | 1 | — |
| Roy Silverstein Md | Director (term Jun24) | 1 | — |
| Scott Hawig | Director & Treasurer | 1 | — |
Grants received · $127K total
4 grants to Froedtert & the Medical College of Wisconsin Community Physicians Inc totaling $127K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $100,000 |
| Matthew 25 Ministries Inc | Humanitarian aid | 2020 | $12,713 |
| Network For Good Inc | Unrestricted | 2018 | $7,448 |
| Patient Access Network Foundation | Patient assistance | 2015 | $6,636 |
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Compare Froedtert & the Medical College of Wisconsin Community Physicians Inc
Frequently asked questions
- Is Froedtert & the Medical College of Wisconsin Community Physicians Inc a legitimate nonprofit?
- Yes. Froedtert & the Medical College of Wisconsin Community Physicians Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-2042610, based in Menomonee Falls, Wisconsin. Donations are tax-deductible.
- What is Froedtert & the Medical College of Wisconsin Community Physicians Inc's EIN?
- Froedtert & the Medical College of Wisconsin Community Physicians Inc's Employer Identification Number (EIN) is 27-2042610.
- How much revenue does Froedtert & the Medical College of Wisconsin Community Physicians Inc report?
- Froedtert & the Medical College of Wisconsin Community Physicians Inc reported $402,930,824 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Froedtert & the Medical College of Wisconsin Community Physicians Inc's spending goes to programs?
- Froedtert & the Medical College of Wisconsin Community Physicians Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Froedtert & the Medical College of Wisconsin Community Physicians Inc have?
- CharityIndex grades Froedtert & the Medical College of Wisconsin Community Physicians Inc A, based on program efficiency and fundraising cost.
- How much does Froedtert & the Medical College of Wisconsin Community Physicians Inc's highest-paid employee make?
- The highest reported compensation on Froedtert & the Medical College of Wisconsin Community Physicians Inc's latest Form 990 is $811,288, paid to Douglas Marx Do (Doctor & Chief Medical Officer).
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Data for Froedtert & the Medical College of Wisconsin Community Physicians Inc (EIN 27-2042610) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.