Froedtert & The Medical College Of Wisconsin Community Physicians Inc
- Assets
- $110.1m
- Revenue
- $333.9m
- Investments
- $0.0
- Employees
- 2,574
- Location
- Menomonee Falls, WI
- Founding
- 10/2013
- Data as of
- 06/2022
- EIN
- 27-2042610
Organization Overview
Froedtert & The Medical College Of Wisconsin Community Physicians Inc is located in Menomonee Falls, WI. The organization was established in 2013. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Froedtert & The Medical College Of Wisconsin Community Physicians Inc employed 2,574 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Froedtert & The Medical College Of Wisconsin Community Physicians Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Froedtert & The Medical College Of Wisconsin Community Physicians Inc generated $333.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $333.9m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS, INC.ADVANCE THE HEALTH OF THE PEOPLE OF THE DIVERSE COMMUNITIES WE SERVETHROUGH EXCEPTIONAL CARE ENHANCED BY INNOVATION AND DISCOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS, INC.'S (CP) SPECIALTY DEPARTMENTS SAW OVER 507,000 PATIENT VISITS IN FY22. CP HAS OVER 803 SPECIALTY PROVIDERS WHO PROVIDE SERVICES INCLUDING AREAS SUCH AS OBSTETRICS, SURGERY, BEHAVIORAL HEALTH, CARDIOLOGY, AND SEVERAL OTHERS.
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 FH, AN AFFILIATED ORGANIZATION.
CP'S PRIMARY CARE DEPARTMENTS SAW OVER 500,000 PATIENT VISITS IN FY22. CP HAS OVER 459 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 535,000 PATIENT VISITS IN FY22. CP PROVIDES ANCILLARY SERVICES IN THE AREAS OF LABORATORY, RADIOLOGY, AND REHABILITATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Behl Mark Director | Trustee | 1 | $0 |
Campbell Susan Director - Started 9/2021 | Trustee | 1 | $0 |
Kerschner Joseph MD Director | Trustee | 1 | $0 |
Kops Christopher Director | Trustee | 1 | $0 |
Lien Cynthia MD Director | Trustee | 1 | $0 |
Olson David Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $294,248,742 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,946,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,744,461 |
| Compensation of current officers, directors, key employees. | $1,744,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,691,020 |
| Pension plan accruals and contributions | $93,652 |
| Other employee benefits | $54,636 |
| Payroll taxes | $10,888,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,610 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,961,885 |
| Advertising and promotion | $0 |
| Office expenses | $1,040,303 |
| Information technology | $266,353 |
| Royalties | $0 |
| Occupancy | $31,471,682 |
| Travel | $99,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $280,184 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,110,406 |
| Insurance | $94,842 |
| All other expenses | -$99,541,213 |
| Total functional expenses | $333,946,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,735,678 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,389,761 |
| Prepaid expenses and deferred charges | $18,430 |
| Net Land, buildings, and equipment | $74,920,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,650 |
| Total assets | $110,083,015 |
| Accounts payable and accrued expenses | $50,186,156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,928,976 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,115,132 |
| Net assets without donor restrictions | $57,967,883 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $110,083,015 |