Froedtert ThedaCare Health
Froedtert ThedaCare Health reported $1.35 billion in revenue and $1.25 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $94.29 went to program services, $5.71 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: 92.2% of the total. The highest compensation it reported for one person was $5,280,159 (FTCH CEO (TERMED 6/30/24)). 3,642 people received more than $100,000 in reportable compensation. Revenue rose 100% between FY2020 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 $1.25BFor 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 $1.35BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.3% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.7% | 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 | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.2% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $5,280,159 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.42% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 3,642 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 39.5 | 6.6 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 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 expenseHealth 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., holy family memorial, inc., Froedtert Health neighborhood hospital, Froedtert Health pharmacy solutions, Froedtert Health home infusion, vertu rx, Froedtert Health pharmacy, froedtert workforce health, national laboratory network, froedtert northeast medical group, 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., 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, and froedtert northeast medical group
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 |
|---|---|---|---|---|
| FTCH CEO (TERMED 6/30/24) Key employee, 50.0 hrs/week | $5,240,519 | $0 | $39,640 | $5,280,159 |
| Director & CEO/President Director/trustee, officer, 34.0 hrs/week | $4,591,338 | $0 | $647,039 | $5,238,377 |
| Treasurer Officer, 48.0 hrs/week | $2,581,219 | $0 | $275,943 | $2,857,162 |
| Sr VP, Chief Legal Officer Highest compensated employee, 50.0 hrs/week | $2,645,257 | $0 | $99,112 | $2,744,369 |
| FTCH Chief HR Officer (termed 8/27/24) Key employee, 50.0 hrs/week | $2,539,244 | $0 | $124,687 | $2,663,931 |
| Interim President FMLH Key employee, 5.0 hrs/week | $2,007,880 | $0 | $245,311 | $2,253,191 |
| Sr VP & Chief Strategy Officer Highest compensated employee, 50.0 hrs/week | $2,070,602 | $0 | $99,353 | $2,169,955 |
| Chief Transformational Invest and Value Integ Off Highest compensated employee, 50.0 hrs/week | $1,795,519 | $0 | $80,354 | $1,875,873 |
3,642 people received more than $100,000 in reportable compensation from Froedtert ThedaCare Health (Part VII, line 2). Compensation of current officers, directors and key employees totaled $26M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b17 · 16 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 2Yes
- 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 523,844
- Volunteers Part I, line 616
Correct a figure or respond
Every number above is copied from Froedtert ThedaCare Health's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Froedtert ThedaCare Health, you can publish a response that is linked from this page.
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Of every $100 Froedtert ThedaCare Health spent in FY2025, $94.29 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Froedtert ThedaCare Health's spending goes to programs?
In the fiscal year ending June 30, 2025, Froedtert ThedaCare Health reported that 94.3% of its $1.25 billion in expenses went to program services, 5.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Froedtert ThedaCare Health pay its top executive?
The largest total compensation Froedtert ThedaCare Health reported for one person in the fiscal year ending June 30, 2025 was $5,280,159, for the role of FTCH CEO (TERMED 6/30/24) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Froedtert ThedaCare Health get its money?
Of $1.35 billion in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 92.2% from program service revenue (Form 990, Part VIII).
Is Froedtert ThedaCare Health a registered charity?
The IRS lists EIN 39-2014409 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 202601329349304745 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349311273 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401289349302165 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331319349303188 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211329349303186 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121339349303912 · read the filing
All filings for EIN 39-2014409: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.