Froedtert & Community Health Inc
- Assets
- $2.9b
- Revenue
- $675.5m
- Investments
- $0.0
- Employees
- 13,789
- Location
- Milwaukee, WI
- Founding
- 05/2001
- Data as of
- 06/2020
- EIN
- 39-2014409
Organization Overview
Froedtert & Community Health Inc is located in Milwaukee, WI. The organization was established in 2001. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Froedtert & Community Health Inc employed 13,789 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Froedtert & Community Health 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 06/2020, Froedtert & Community Health Inc generated $675.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $620.1m during the year ending 06/2020. While expenses have increased by 8.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FROEDTERT HEALTH, INC. ADVANCES THE HEALTH OF THE PEOPLE OF THE DIVERSE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL CARE ENHANCED BY INNOVATION AND DISCOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE MANAGEMENT SERVICES IN SUPPORT OF FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC., COMMUNITY MEMORIAL HOSPITAL OF MENOMONEE FALLS, INC., ST. JOSEPH'S COMMUNITY HOSPITAL OF WEST BEND, INC., FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL, FROEDTERT HEALTH PHARMACY SOLUTIONS, FROEDTERT HEALTH HOME INFUSION, VERTU RX, FROEDTERT HEALTH PHARMACY, AND FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS.
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., FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL, FROEDTERT HEALTH PHARMACY SOLUTIONS, FROEDTERT HEALTH HOME INFUSION, VERTU RX, FROEDTERT HEALTH PHARMACY, AND FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS.
OUTPATIENT SERVICES OF FROEDTERT NEIGHBORHOOD HOSPITAL, FROEDTERT HEALTH PHARMACY SOLUTIONS, FROEDTERT HEALTH HOME INRUSION, VERTU RX, WEST BEND SURGERY CENTER, AND FROEDTERT HEALTH PHARMACY.
IT SUPPORT EXPENSE - 78,947,012INPATIENT EXPENSE - 774,730EMERGENCY DPT EXPENSE - 19,353,611 TOTAL EXPENSE - 99,075,353 IT SUPPORT REVENUE - 78,947,012INPATIENT REVENUE - 839,861EMERGENCY DPT REVENUE - 20,980,633JT VENTURE REVENUE - 60,087,753 TOTAL REVENUE - 160,855,259
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacobson Catherine Director & Ceo/president | OfficerTrustee | 48 | $2,846,002 |
Hawig Scott Treasurer | Officer | 50 | $1,275,435 |
Truwit Jonathon Enterprise Chief Medical Off | 50 | $1,135,791 | |
Buck Catherine Fmlh President | Officer | 50 | $1,055,840 |
Olson David Sr VP & Chief Strategy Off | 50 | $928,825 | |
Mcclellan Nina Fh Cio | Officer | 50 | $803,074 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical College Of Wi Professional Service | 6/29/21 | $93,615,817 |
Rightsourcing Inc Professional Service | 6/29/21 | $6,402,046 |
Milwaukee Regional Medical Center Professional Service | 6/29/21 | $4,475,944 |
Hospital Billing & Collection Professional Service | 6/29/21 | $3,812,357 |
Optimum Healthcare It Professional Service | 6/29/21 | $3,417,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $45,513,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,894,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,461,810 |
| Statement of Expenses | |
|---|---|
| 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. | $11,779,282 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,087,530 |
| Pension plan accruals and contributions | $53,602,632 |
| Other employee benefits | $126,968,052 |
| Payroll taxes | $10,729,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,589,307 |
| Fees for services: Accounting | $419,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,538,092 |
| Advertising and promotion | $16,381,286 |
| Office expenses | $10,872,093 |
| Information technology | $5,818,961 |
| Royalties | $0 |
| Occupancy | $13,240,031 |
| Travel | $546,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $818,590 |
| Interest | $7,097,310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,622,515 |
| Insurance | $9,454,183 |
| All other expenses | $0 |
| Total functional expenses | $620,086,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,162 |
| Savings and temporary cash investments | $250,617,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,628,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,791,452 |
| Inventories for sale or use | $15,991,871 |
| Prepaid expenses and deferred charges | $20,159,815 |
| Investments—publicly traded securities | $1,686,803,942 |
| Investments—other securities | $0 |
| Investments—program-related | $232,573,998 |
| Intangible assets | $0 |
| Other assets | $247,478,670 |
| Total assets | $2,857,726,016 |
| Accounts payable and accrued expenses | $215,698,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $667,511,739 |
| Escrow or custodial account liability | $401,603 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $529,575,243 |
| Total liabilities | $1,413,187,183 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,444,538,833 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Froedtert & Community Health Inc has recieved totaling $10,849.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: STROKE PROGRAMS | $10,849 |
Endowment Analysis
| Beg. Balance | $18,383,740 |
| Earnings | $223,865 |
| Admin Expense | $56,937 |
| Net Contributions | $2,253,332 |
| Other Expense | $816,581 |
| Grants | $717,189 |
| Ending Balance | $19,270,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gundersen Lutheran Administrative Services Inc La Crosse, WI | $1,235,621,372 | $953,342,080 |
Bhsh System Grand Rapids, MI | $2,915,356,282 | $1,050,315,288 |
Mercy Health Services Iowa Corp Mason City, IA | $937,001,767 | $829,323,680 |
Aurora Health Care Inc Milwaukee, WI | $4,608,404,718 | $666,695,867 |
Mercy Health Partners Muskegon, MI | $816,487,004 | $692,908,897 |
Inclusa Inc Stevens Point, WI | $163,276,844 | $696,118,730 |
Froedtert & Community Health Inc Milwaukee, WI | $2,857,726,016 | $675,461,810 |
The Carle Foundation Urbana, IL | $3,268,207,661 | $555,725,730 |
Mayo Clinic Rochester, MN | $311,934,704 | $436,452,129 |
Carle Health Care Incorporated Urbana, IL | $56,725,719 | $301,090,091 |
Mclaren Greater Lansing Lansing, MI | $873,460,551 | $435,283,009 |
Centracare Health System St Cloud, MN | $602,692,177 | $458,863,566 |