ThedaCare
ThedaCare reported $432.6 million in revenue and $495.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.00 went to program services, $22.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.2% of the total. The highest compensation it reported for one person was $5,238,377 (President & CEO - System). Revenue rose 9% between 2019 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $495MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $433MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.2% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 81.2% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $5,238,377 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.06% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -8.8 | 6.6 |
| Independent voting board members Part VI 1a–1b | 7 of 8 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseEffective january 1, 2024, thedacare, inc. Is part of froedtert thedacare health, inc. Continuing its commitment to improving the health of the communities it serves in the northeast and central wisconsin. The organization delivers care to residents in 18 counties and employs approximately 7,000 health care professionals. Thedacare has 180 points of care, including seven hospitals. As an organization committed to being a leader in population health, team members are dedicated to empowering people to live their best lives through easy access to individualized care, supporting each person's own…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO - System Director/trustee, officer, 11.0 hrs/week | $0 | $4,591,338 | $647,039 | $5,238,377 |
| CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER, TREASURER Officer, 1.0 hrs/week | $0 | $2,581,219 | $275,943 | $2,857,162 |
| SECRETARY, BOARD MEMBER, CHIEF LEGAL OFFICER Officer, 12.0 hrs/week | $0 | $1,586,569 | $80,399 | $1,666,968 |
| CHIEF CULTURE AND INTEGRATION OFFICER Officer, 12.0 hrs/week | $0 | $1,355,811 | $62,717 | $1,418,528 |
| CHIEF FINANCIAL OFFICER, TREASURER Officer, 11.0 hrs/week | $0 | $623,899 | $178,131 | $802,030 |
| CHIEF DIGITAL HEALTH OFFICER Officer, 12.0 hrs/week | $0 | $608,961 | $153,031 | $761,992 |
| CHAIRPERSON, BOARD MEMBER Director/trustee, officer, 1.0 hrs/week | $0 | $18,750 | $0 | $18,750 |
0 people received more than $100,000 in reportable compensation from ThedaCare (Part VII, line 2).
7 filings since 2019
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked| Filing | Revenue | Expenses | Programs | Net assets | Top pay |
|---|---|---|---|---|---|
| FY2025 ⓘ | $433M | $495M | 78.0% | −$361M | $5,238,377 |
| FY2024 (6 mo.) ⓘ | $211M | $236M | 77.6% | −$647M | — |
| 2023 ⓘ | $366M | $501M | 76.5% | −$724M | $2,028,869 |
| 2022 ⓘ | $372M | $413M | 73.4% | −$723M | $2,463,471 |
| 2021 ⓘ | $440M | $397M | 72.6% | −$541M | $1,310,940 |
| 2020 ⓘ | $357M | $369M | 78.9% | −$585M | $1,730,319 |
| 2019 ⓘ | $398M | $454M | 87.9% | −$581M | $1,523,172 |
Governance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 655
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MIRON CONSTRUCTION CO INC Construction services | $47,808,208 |
| ENSEMBLE RCM LLC Business Services | $36,162,322 |
| GE PRECISION HEALTHCARE LLC Medical Equipment Maintenance | $14,794,968 |
| CHG COMPANIES INC Medical Staffing | $6,278,157 |
| CROTHALL HEALTHCARE INC Medical Staffing | $4,220,223 |
Individuals listed as contractors are left out. 101 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to ThedaCare totaling $300 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from ThedaCare's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for ThedaCare, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 ThedaCare spent in FY2025, $78.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Froedtert & The Medical College of Wisconsin Community PhysiciansMenomonee Falls, WI · revenue $431M · programs 86.4% · FY2025
- Scott & White Hospital-College StationDallas, TX · revenue $433M · programs 85.3% · FY2025
- Southern New Hampshire Medical CenterNashua, NH · revenue $430M · programs 88.0% · FY2025
- Kingman HealthcareKingman, AZ · revenue $434M · programs 87.9% · FY2025
- Gulf Health Hospitals Inc. Dba Thomas Hospital North BaldwinMobile, AL · revenue $430M · programs 92.3% · FY2025
Questions people ask
How much of ThedaCare's spending goes to programs?
In the fiscal year ending June 30, 2025, ThedaCare reported that 78.0% of its $495.2 million in expenses went to program services, 22.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does ThedaCare pay its top executive?
The largest total compensation ThedaCare reported for one person in the fiscal year ending June 30, 2025 was $5,238,377, for the role of President & CEO - System (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does ThedaCare get its money?
Of $432.6 million in revenue in the fiscal year ending June 30, 2025, 0.2% came from contributions and grants (including 0.0% from government grants) and 81.2% from program service revenue (Form 990, Part VIII).
Is ThedaCare a registered charity?
The IRS lists EIN 39-1509362 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611349349310631 · read the filing · XML
- FY2024 (6 mo.): Form 990 for the 6-month short period ending June 30, 2024, object 202521349349304617 · read the filing
- 2023: Form 990 for calendar year 2023, object 202413189349309946 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349305235 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243199349325729 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132529349300923 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033219349316433 · read the filing
All filings for EIN 39-1509362: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.