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Froedtert Memorial Lutheran Hospital Trust

Milwaukee, WI · EIN 39-6040438 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Froedtert Memorial Lutheran Hospital Trust reported $21.8 million in revenue and $5.8 million in expenses for calendar year 2024. Of every $100 it spent, $88.48 went to program services, $11.52 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 100.0% of the total. The highest compensation it reported for one person was $110,000 (INSTITUTIONAL ADMINISTRATOR). 1 person received more than $100,000 in reportable compensation. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $5.8M

For 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

Calendar year 2024 · Form 990, Part VIII · total revenue $22M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
88.5%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
11.5%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
0.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$110,000$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.90%1.34%
People paid over $100,000
Part VII, line 2
127
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
219.26.6
Independent voting board members
Part VI 1a–1b
4 of 488.9%

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

2024 · Form 990, Part III · the three largest programs by expense
$5.1M expenses · 100.0% of program spending · grants $5.0M

Provided funds to Froedtert Memorial Lutheran Hospital, inc., 9200 w. Wisconsin avenue, milwaukee, wi 53226, and administrative expenses paid to accomplish exempt purposes of supported organization

— expenses

No description in Part III; see the filing.

— expenses

No description in Part III; see the filing.

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
INSTITUTIONAL ADMINISTRATOR
Director/trustee, 0.0 hrs/week
$110,000$0$0$110,000
TRUSTEE
Director/trustee, 1.0 hrs/week
$55,000$0$0$55,000
TRUSTEE
Director/trustee, 1.0 hrs/week
$55,000$0$0$55,000

1 people received more than $100,000 in reportable compensation from Froedtert Memorial Lutheran Hospital Trust (Part VII, line 2). Compensation of current officers, directors and key employees totaled $220K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$22M$5.8M88.5%$106M$110,000
2023 ⓘ$5.8M$5.8M87.8%$89M$137,500
2022 ⓘ$51M$18M96.5%$90M$89,000
2021 ⓘ$7.6M$5.8M87.6%$56M$110,000
2020 ⓘ$320K$5.7M88.9%$55M$110,000
2019 ⓘ−$905K$3.4M80.5%$60M$110,000

Governance answers, as filed

2024 · 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–1b4 · 4 independent
  • Audited financial statements Part XII 2bNo
  • 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 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50

Correct a figure or respond

Every number above is copied from Froedtert Memorial Lutheran Hospital Trust'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 Memorial Lutheran Hospital Trust, you can publish a response that is linked from this page.

Questions people ask

How much of Froedtert Memorial Lutheran Hospital Trust's spending goes to programs?

In calendar year 2024, Froedtert Memorial Lutheran Hospital Trust reported that 88.5% of its $5.8 million in expenses went to program services, 11.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Froedtert Memorial Lutheran Hospital Trust pay its top executive?

The largest total compensation Froedtert Memorial Lutheran Hospital Trust reported for one person in calendar year 2024 was $110,000, for the role of INSTITUTIONAL ADMINISTRATOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Froedtert Memorial Lutheran Hospital Trust get its money?

Of $21.8 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Froedtert Memorial Lutheran Hospital Trust a registered charity?

The IRS lists EIN 39-6040438 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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

  • 2024: Form 990 for calendar year 2024, object 202543219349308749 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443189349311664 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343199349308384 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213189349318046 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202143199349301829 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013189349304736 · read the filing

All filings for EIN 39-6040438: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.