Froedtert Thedacare Health Inc
94% goes to programs Strong reserves Growing revenue
Froedtert Thedacare Health Inc is a 501(c)(3) organization based in Milwaukee, Wisconsin, registered in 2001, with $2,769,299,631 in FY2023 revenue. CharityIndex grades it A+, and it directs about 94% of spending to programs.
9200 W Wisconsin Ave, Milwaukee, WI, 53226 EIN 39-2014409 Since 2001
Revenue (FY2023)
$2.8B
▲ 151.3% vs prior year
Health median: $840K
Expenses (FY2023)
$1.2B
Net assets
$4.2B
Employees
15,488
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating94% 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 Thedacare Health Inc: 94% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating42 mo reserves · +57% 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 Thedacare Health Inc: 42 mo reserves · +57% margin earns a A 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 Thedacare Health 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 Thedacare Health Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Froedtert thedacare health, inc. advances the health of the people of the diverse communities we serve through exceptional care enhanced by innovation and discovery.
What they do
Human resource/staff support to froedtert memorial lutheran hospital, inc., community memorial hospital of menomonee falls, inc., st. joseph's community hospital of west bend, inc., holy family memorial, inc., froedtert health neighborhood hospital, froedtert health pharmacy solutions, froedtert health home infusion, vertu rx, froedtert health pharmacy, froedtert workforce health, froedtert northeast medical group, and froedtert & the medical college of wisconsin community physicians.
Outpatient revenue and expense of froedtert neighborhood hospital, froedtert health home infusion, froedtert health pharmacy, froedtert northeast medical group, and west bend surgery center.
It support expense - 97,549,731 inpatient expense - 3,312,285 emergency dpt expense - 106,020,522 total expense - 206,882,538 it support revenue - 97,549,731 inpatient revenue - 3,737,226 emergency dpt revenue - 119,622,836 inherent contribution from thedacare - 1,562,207,475 jt venture revenue - 17,326,464 exceedent revenue - 12,480 all other revenue - (295,612) total revenue - 1,800,160,600
Contact & location
- Address
- 9200 W Wisconsin Ave, Milwaukee, WI, 53226
- City
- Milwaukee
- State
- Wisconsin
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $362.4M (FY2013) to $2.8B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.4BNet assets $4.2B
Operating margin
57.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.5B
Total liabilities
$1.4B
Net assets
$4.2B
Salaries & benefits
$606.7M
51% of expenses
Board members
16
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,769,299,631▲151% | $1,191,764,087▲20.3% | $4,184,280,794▲107% | $5,534,856,914▲63.9% | 990 |
| 2022 | $1,101,803,802▲15.3% | $990,329,085▲17.4% | $2,025,338,892▲8.6% | $3,376,180,624▲3.9% | 990 |
| 2021 | $955,789,526▲8.4% | $843,708,052▲6.9% | $1,864,616,956▼4.1% | $3,249,193,885▼4.9% | 990 |
| 2020 | $881,324,652▲30.5% | $789,424,132▲27.3% | $1,944,686,428▲34.6% | $3,415,179,967▲19.5% | 990 |
| 2019 | $675,461,810▲12.8% | $620,086,121▲18.3% | $1,444,538,833▲18.3% | $2,857,726,016▲8.4% | 990 |
| 2018 | $598,788,309▲6.5% | $524,121,690▲7.6% | $1,221,129,897▲10.2% | $2,635,413,479▲4.6% | 990 |
| 2017 | $562,402,118▲14.5% | $487,045,921▲9.8% | $1,108,426,781▲15.3% | $2,518,396,674▲10.2% | 990 |
| 2016 | $491,258,392▲30.8% | $443,556,703▲18.9% | $961,261,433▲20.7% | $2,284,706,913▲10.3% | 990 |
| 2015 | $375,667,228▼5.5% | $373,009,870▲9.1% | $796,268,841▲8.5% | $2,070,531,301▲8.5% | 990 |
| 2014 | $397,567,431▲9.7% | $341,984,461▲15.7% | $733,973,576▲16.5% | $1,908,187,395▲12.3% | 990 |
| 2013 | $362,432,634 | $295,629,745▲15.8% | $629,979,356▲1542% | $1,698,647,616▲860% | 990 |
| 2012 | — | $255,336,582▲10.9% | $38,361,247▼31.6% | $176,921,945▼9.3% | 990 |
| 2011 | — | $230,307,228▲38.1% | $56,057,554▼5.5% | $195,096,567▲47.3% | 990 |
| 2009 | — | $166,818,239 | $59,314,881 | $132,465,762 | 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: Catherine Jacobson — $5,872,993 (0.49% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Catherine Jacobson | Director & Ceo/president | 45 | $5,872,993 |
| Mark Behl | Director & Evp/ftch Coo (term Sep23) | 49 | $2,714,336 |
| Scott Hawig | Treasurer | 49 | $1,832,480 |
| Eric Conley | Fmlh President (term Apr24) | 5 | $1,403,238 |
| Sony Jacob | Ftch Cio | 50 | $1,327,621 |
| David Olson | Sr Vp & Chief Strategy Off | 50 | $1,191,797 |
| Amy Marquardt | Secr & Sr Vp Chief Legal Off (term Dec23) | 50 | $1,146,497 |
| Ian Schwartz | Exec Vp & Chief Clinical Officer | 50 | $1,123,139 |
| Eric Humphrey | Ftch Sr Vp/chief Hr Officer | 50 | $1,102,378 |
| Michael Anderes | Ftch Chief Innovation & Digital Officer | 50 | $1,033,220 |
| Stephen Basilotto | Ftch Sr Vp/chief Experience Off | 50 | $1,015,341 |
| Paul Spencer | Vp Managed Care & Rev Cycle | 50 | $911,058 |
| Allen Ericson | Chd President | 5 | $875,006 |
| Edward Smith Do | Doctor | 50 | $835,984 |
| Teresa Lux | Chd Coo | 5 | $688,727 |
| Richelle Webb Dixon | Fmlh Coo | 50 | $686,710 |
| James Klauck | Former - Key (sr Vp Ancillary Svcs) | 0 | $636,109 |
| Judson Snyder | Director & Bod Chair | 1 | $8,750 |
| Joan Prince Phd | Director | 1 | $6,250 |
| Robert Clarke | Director | 1 | $6,250 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Medical College of Wi | Professional Service | $308,362,570 |
| Rightsourcing Inc | Professional Service | $41,529,893 |
| Milwaukee Reg Med Ctr Flight For Life | Professional Service | $17,264,040 |
| Hospital Billing and Collection Service | Professional Service | $11,196,978 |
| Hrse Core Holding 1 LLC | Professional Service | $10,994,105 |
Grants received · $197K total
7 grants to Froedtert Thedacare Health Inc totaling $197K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Hemorrhagic stroke initiative | 2024 | $10,000 |
| American Heart Association Inc | Heart failure initiative | 2023 | $40,500 |
| American Heart Association Inc | Heart failure initiative | 2022 | $36,000 |
| American Heart Association Inc | Stroke programs | 2021 | $10,849 |
| American Heart Association Inc | Atrial fibrillation program | 2020 | $50,698 |
| American Heart Association Inc | Community health | 2019 | $24,000 |
| American Heart Association Inc | Emergency equipment upgrade | 2015 | $25,000 |
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Frequently asked questions
- Is Froedtert Thedacare Health Inc a legitimate nonprofit?
- Yes. Froedtert Thedacare Health Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 39-2014409, based in Milwaukee, Wisconsin. Donations are tax-deductible.
- What is Froedtert Thedacare Health Inc's EIN?
- Froedtert Thedacare Health Inc's Employer Identification Number (EIN) is 39-2014409.
- How much revenue does Froedtert Thedacare Health Inc report?
- Froedtert Thedacare Health Inc reported $2,769,299,631 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Froedtert Thedacare Health Inc's spending goes to programs?
- Froedtert Thedacare Health Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Froedtert Thedacare Health Inc have?
- CharityIndex grades Froedtert Thedacare Health Inc A+, based on program efficiency and fundraising cost.
- How much does Froedtert Thedacare Health Inc's highest-paid employee make?
- The highest reported compensation on Froedtert Thedacare Health Inc's latest Form 990 is $5,872,993, paid to Catherine Jacobson (Director & Ceo/president).
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Data for Froedtert Thedacare Health Inc (EIN 39-2014409) 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.