Fort Healthcare Inc
- Assets
- $247.5m
- Revenue
- $150.6m
- Investments
- $39.6m
- Employees
- 1,065
- Location
- Fort Atkinson, WI
- Founding
- 01/1944
- Data as of
- 09/2023
- EIN
- 39-0286215
Organization Overview
Fort Healthcare Inc is located in Fort Atkinson, WI. The organization was established in 1944. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Fort Healthcare Inc employed 1,065 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Healthcare 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 09/2023, Fort Healthcare Inc generated $150.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $144.9m during the year ending 09/2023. While expenses have increased by 2.4% per year over the past 8 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.
Since 2018, Fort Healthcare Inc has awarded 33 individual grants totaling $1,366,105. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AT FORT HEALTHCARE IS TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 49-BED ACUTE CARE FACILITY WITH AN EMERGENCY ROOM AND FULL COMPLEMENT OF ANCILLARY SERVICES.FORT HEALTHCARE COMMUNITY IMPACT:CHARITY CARE - $634,042: CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTH SERVICES PROVIDED TO THOSE WHO CANNOT AFFORD TO PAY AND WHO MEET ALL CRITERIA FOR FINANCIAL ASSISTANCE. CHARITY CARE IS BASED ON ACTUAL COSTS, NOT CHARGES, AND DOES NOT INCLUDE BAD DEBT.COMMUNITY HEALTH IMPROVEMENT SERVICES - $318,880: COMMUNITY HEALTH IMPROVEMENT SERVICES ARE DEFINED AS CLINICAL AND NON-CLINICAL SERVICES DESIGNED TO IMPROVE COMMUNITY HEALTH, WHICH ARE PROVIDED TO THE COMMUNITY FOR FREE OR FOR FEES THAT DID NOT COVER COSTS.FINANCIAL CONTRIBUTIONS - $130,926: FINANCIAL CONTRIBUTIONS ARE DEFINED AS CONTRIBUTIONS, INCLUDING CASH, NON-CASH ITEMS SUCH AS FOOD, FURNITURE, EQUIPMENT, SUPPLIES, AND LOANED STAFF FOR VOLUNTEER AND CHARITABLE PURPOSES, MADE TO INDIVIDUALS, COMMUNITY GROUPS, OR NONPROFIT ORGANIZATIONS FOR CHARITABLE PURPOSES.COMMUNITY BUILDING ACTIVITIES - $47,943: COMMUNITY BUILDING ACTIVITIES ARE DEFINED AS PROGRAMS THAT, WHILE NOT DIRECTLY RELATED TO HEALTH CARE, PROVIDE OPPORTUNITIES TO ADDRESS THE ROOT CAUSES OF HEALTH PROBLEMS, SUCH AS POVERTY, HOMELESSNESS, AND ENVIRONMENTAL ISSUES. COSTS FOR THESE ACTIVITIES INCLUDE CASH AND IN-KIND DONATIONS.COMMUNITY BENEFIT OPERATIONS - $0: COMMUNITY BENEFIT OPERATIONS ARE DEFINED AS COSTS ASSOCIATED WITH DEDICATED STAFF AND COMMUNITY HEALTH NEEDS AND/OR ASSESSMENT, AS WELL AS OTHER COSTS ASSOCIATED WITH COMMUNITY BENEFIT STRATEGY AND OPERATIONS.SUBSIDIZED HEALTH SERVICES - $145,040: SUBSIDIZED HEALTH SERVICES ARE DEFINED AS THE NEGATIVE MARGIN FOR CLINICAL SERVICES THAT ARE PROVIDED DESPITE A FINANCIAL LOSS BECAUSE OF AN IDENTIFIED COMMUNITY NEED THAT WOULD NEED TO BE MET BY THE GOVERNMENT OR ANOTHER NOT-FOR-PROFIT IF IT WAS NOT OFFERED. THE FINANCIAL LOSSES ARE SO SIGNIFICANT THAT NEGATIVE MARGINS REMAIN AFTER REMOVING THE EFFECTS OF CHARITY CARE, BAD DEBT, AND MEDICAID SHORTFALLS.TOTAL BENEFIT TO THE COMMUNITY FOR FISCAL YEAR 2023 WAS $1,276,831.
OPERATION OF PHYSICIAN CLINICS WITH OUTREACH INTO THE SURROUNDING COMMUNITIES.
EQUITY INCOME IN UNCONSOLIDATED AFFILIATES - HEALTH CLINIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Anderson MD President/ceo | OfficerTrustee | 40 | $1,595,636 |
Paul Schuppner DO Board Member | Trustee | 40 | $761,420 |
Michael Wallace President/ceo (thru Dec 2022) | OfficerTrustee | 40 | $637,198 |
Billie Kontny MD Board Member | Trustee | 40 | $598,425 |
Christine Chuppa MD Chief Of Staff (thru Dec 2022) | Trustee | 40 | $575,079 |
Stephanie Nottestad MD Board Member | Trustee | 40 | $369,960 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Professional Services | 9/29/23 | $6,249,018 |
Uw Medical Foundation-radiology Radiology Services | 9/29/23 | $1,942,383 |
Jp Cullen And Sons Inc Construction Services | 9/29/23 | $1,514,941 |
Ge Medical Systems Service Contract On Equipment | 9/29/23 | $1,440,436 |
Maxim Healthcare Staffing Services Staffing Services | 9/29/23 | $1,158,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $54,075 |
| Government grants | $410,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,512 |
| Total Program Service Revenue | $145,791,504 |
| Investment income | $3,147,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$42,118 |
| Net Gain/Loss on Asset Sales | $993,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,628,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $323,650 |
| 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. | $5,166,992 |
| Compensation of current officers, directors, key employees. | $3,875,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,601,635 |
| Pension plan accruals and contributions | $1,701,808 |
| Other employee benefits | $12,597,630 |
| Payroll taxes | $3,285,412 |
| Fees for services: Management | $1,866,988 |
| Fees for services: Legal | $15,155 |
| Fees for services: Accounting | $199,599 |
| Fees for services: Lobbying | $9,795 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,183,198 |
| Advertising and promotion | $389,969 |
| Office expenses | $14,550,081 |
| Information technology | $4,842,219 |
| Royalties | $0 |
| Occupancy | $4,802,865 |
| Travel | $41,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,569,370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,063,044 |
| Insurance | $518,453 |
| All other expenses | $4,322,518 |
| Total functional expenses | $144,901,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,194,736 |
| Savings and temporary cash investments | $560,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,266,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,233,419 |
| Prepaid expenses and deferred charges | $2,723,243 |
| Net Land, buildings, and equipment | $49,465,199 |
| Investments—publicly traded securities | $107,188,304 |
| Investments—other securities | $39,645,206 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,252,475 |
| Total assets | $247,529,031 |
| Accounts payable and accrued expenses | $16,615,225 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $18,474,239 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,232,597 |
| Unsecured mortgages and notes payable | $134,194 |
| Other liabilities | $11,774,386 |
| Total liabilities | $57,230,641 |
| Net assets without donor restrictions | $190,298,390 |
| 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 | $247,529,031 |
Grants Awarded
Over the last fiscal year, Fort Healthcare Inc has awarded $323,650 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GLACIAL HERITAGE DEVELOPMENT PARTNERSHIP PURPOSE: GENERAL SUPPORT | $35,000 |
ROCK RIVER COMMUNITY CLINIC PURPOSE: GENERAL SUPPORT | $235,000 |
JEFFERSON COUNTY FAIR PARK PURPOSE: GENERAL SUPPORT | $30,500 |
FORT ATKINSON CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $7,150 |
GREATER WHITEWATER COMMITTEE (DISCOVER WHITEWATER SERIES) PURPOSE: GENERAL SUPPORT | $5,000 |
SCHOOL DISTRICT OF JEFFERSON PURPOSE: GENERAL SUPPORT | $5,000 |