HOLY FAMILY MEMORIAL INC

EIN: 390806395 501(c)(3) Health Care

MANITOWOC, WI

Total Revenue
$92,273,059
Total Expenses
$118,572,494
Total Assets
$39,328,429
Net Assets
$27,674,638
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Financial Trends

Organization Details

Formation Year
1899
Legal Domicile
WI
Principal Officer
THOMAS VEESER
Phone
9203202011
Tax Period
2022-07-01 to 2023-06-30

HOLY FAMILY MEMORIAL INC, founded in 1899, is a mid-sized nonprofit in the Health Care sector that reported $92.3M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $118.6M exceeded revenue, resulting in a 29% operating deficit.

Mission

HOLY FAMILY MEMORIAL IS A NETWORK OF HEALTH PROFESSIONALS WHO, ROOTED IN THE HEALING MINISTRY OF JESUS CHRIST, PROVIDE SERVICES TO HELP INDIVIDUALS AND OUR COMMUNITIES ACHIEVE HEALTHIER LIVES.

Program Service Accomplishments

Program 1
Expenses: $37,908,466 Revenue: $40,399,766

SEVERANCE: DAY, TROY - $229,566 NORELL, BRENT - $463,923 VAN DE KREEKE, JEFFREY - $165,458 457(F) DISTRIBUTIONS: ERICSON, ALLEN - $125,130 VEESER, TOM - $25,455 NON-QUALIFIED DISTRIBUTIONS: VAN DE...

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SEVERANCE: DAY, TROY - $229,566 NORELL, BRENT - $463,923 VAN DE KREEKE, JEFFREY - $165,458 457(F) DISTRIBUTIONS: ERICSON, ALLEN - $125,130 VEESER, TOM - $25,455 NON-QUALIFIED DISTRIBUTIONS: VAN DE KREEKE, JEFFREY - $33,370 (OF WHICH $0 WAS REPORTED AS DEFERRED ON A PRIOR FORM 990) 457(F) PLAN PARTICIPANTS: BEHL, MARK ERICSON, ALLEN LITTLE, STEVEN SMITH, ADAM VAN DE KREEKE, JEFFREY VEESER, TOM NON-QUALIFIED PARTICIPANTS: VAN DE KREEKE, JEFFREY

Program 2
Expenses: $22,883,364 Revenue: $24,387,232

EMERGENCY SERVICES: DURING THE 12 MONTHS ENDED JUNE 30, 2023, WE HAD 10,770 EMERGENCY VISITS. THE EMERGENCY DEPARTMENT OFFERS MANITOWOC COUNTY THE MOST COMPREHENSIVE EMERGENCY SERVICES IN THE AREA...

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EMERGENCY SERVICES: DURING THE 12 MONTHS ENDED JUNE 30, 2023, WE HAD 10,770 EMERGENCY VISITS. THE EMERGENCY DEPARTMENT OFFERS MANITOWOC COUNTY THE MOST COMPREHENSIVE EMERGENCY SERVICES IN THE AREA. WE ARE A LEVEL III TRAUMA CENTER. WITH A TEAM OF FULL-TIME, EMERGENCY MEDICINE PHYSICIANS AND SPECIALLY TRAINED ACLS-CERTIFIED NURSES, PATIENTS WILL RECEIVE THE HIGHEST LEVEL OF CARE. HFM ALSO OFFERS A 10-BED INTENSIVE CARE UNIT STAFFED BY HIGHLY TRAINED NURSES AND MONITOR TECHNICIANS. IN OUR INTENSIVE CARE UNIT: RNS ARE CERTIFIED IN ADVANCED CARDIAC LIFE SUPPORT; CHEST PAIN PROTOCOLS INITIATED IN THE EMERGENCY ROOM ARE CONTINUED AND A WORK UP FOR CARDIAC DISEASE CAN OFTEN BE COMPLETED IN 12-24 HOURS; STATE-OF-THE-ART MONITORING EQUIPMENT IS USED, INCLUDING INTRA-AORTIC BALLOON PUMPS; AND WE BRING THE ELEMENT OF HUMAN CARING TO A HIGHLY TECHNICAL AREA.

Program 3
Expenses: $21,164,175 Revenue: $22,555,060

INPATIENT SERVICES: HOLY FAMILY MEMORIAL IS AN INTEGRATED NETWORK PROVIDING HEALTH CARE SERVICES INTENDED TO BENEFIT THE HEALTH AND WELLBEING OF THE COMMUNITIES IT SERVES. THESE SERVICES INCLUDE...

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INPATIENT SERVICES: HOLY FAMILY MEMORIAL IS AN INTEGRATED NETWORK PROVIDING HEALTH CARE SERVICES INTENDED TO BENEFIT THE HEALTH AND WELLBEING OF THE COMMUNITIES IT SERVES. THESE SERVICES INCLUDE PRIMARY AND SPECIALTY CLINIC CARE, PREVENTIVE CARE SUCH AS HEALTH SCREENINGS, VACCINATION CLINICS AND HEALTH EDUCATION CLASSES, 24/7 EMERGENCY CARE, WALK-IN, INPATIENT ACUTE CARE, OUTPATIENT CARE, HOME CARE AND HOSPICE, PRESCRIPTIONS, OCCUPATIONAL HEALTH SERVICES, AND MEDICALLY BASED FITNESS AND WELLNESS. HOLY FAMILY MEMORIAL HAS BEEN ABLE TO ACHIEVE A GREATER IMPACT IN THE COMMUNITY BY PARTNERING FINANCIAL, HUMAN AND PROGRAMMATIC RESOURCES WITH OTHER ORGANIZATIONS. THESE PARTNERSHIPS INCLUDE A COMMITMENT TO COLLABORATE WITH OTHER HEALTH AND SOCIAL SERVICE AGENCIES TO IMPROVE ACCESS TO CARE, FOCUS ON PREVENTIVE SERVICES, REDUCE COMMUNITY HEALTH RISKS, AND CONTRIBUTE TO A HEALTHIER, VIBRANT COMMUNITY. HOLY FAMILY MEMORIAL PROVIDES MEDICALLY NECESSARY SERVICES WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICIES. IN ASSESSING A PATIENT'S ABILITY TO PAY, HFM UTILIZES GENERALLY RECOGNIZED POVERTY INCOME LEVELS OF THE COMMUNITIES IT SERVES, AND CONSIDERS SITUATIONS WHERE INCURRED CHARGES ARE SIGNIFICANT WHEN COMPARED TO THE PATIENT'S FINANCIAL RESOURCES. BECAUSE HFM DOES NOT EXPECT TO RECEIVE PAYMENT OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THESE AMOUNTS ARE NOT INCLUDED IN NET PATIENT SERVICE REVENUES. HOLY FAMILY MEMORIAL'S TOTAL COMMUNITY BENEFIT INCLUDES THE COST OF CHARITY CARE AND UNPAID COST OF PUBLIC PROGRAMS (MEDICARE AND MEDICAID) AS WELL AS THOSE DISCUSSED ABOVE. FROEDTERT HOLY FAMILY MEMORIAL'S COMMUNITY BENEFIT WAS APPROXIMATELY $16,732,000 FOR THE PERIOD ENDED JUNE 30, 2023. THIS AMOUNT INCLUDES THE NET COST OF CHARITY CARE OF APPROXIMATELY $410,000. MORE INFORMATION IS AVAILABLE FROM OUR COMMUNITY BENEFIT REPORT WHICH IS LOCATED ON OUR WEBSITE AT WWW.FROEDTERT.COM. WHEN THE FRANCISCAN SISTERS OF CHRISTIAN CHARITY WAS APPROACHED BY LOCAL CLERGY AND COMMUNITY LEADERS OVER A CENTURY AGO TO CARE FOR THE HEALTH NEEDS OF OUR GROWING COMMUNITY IN THE MANITOWOC AREA, THEY ANSWERED THE CALL. HOLY FAMILY MEMORIAL WAS FOUNDED IN 1899 WITH A MISSION TO SERVE OUR COMMUNITY'S UNIQUE NEEDS. AS HEALTHCARE HAS EVOLVED AND AS OUR COMMUNITY HAS GROWN, SO HAVE WE. BUT OUR MISSION REMAINS THE SAME. AND WE'VE BEEN PROUDLY SERVING OUR COMMUNITY EVER SINCE. ROOTED IN THE FRANCISCAN TRADITION OF HOSPITALITY AND THE HEALING MINISTRY OF JESUS CHRIST, HOLY FAMILY MEMORIAL HAS A RICH HERITAGE OF PUTTING OUR COMMUNITY FIRST. WE'RE COMMITTED TO PROVIDING THE RIGHT CARE, IN THE RIGHT SETTING, FOR THE RIGHT OUTCOMES. TODAY, WE'RE RECOGNIZED AS THE LEADER AND LARGEST PROVIDER OF HEALTHCARE SERVICES IN MANITOWOC COUNTY. OUR NETWORK OF MORE THAN 830 HEALTHCARE PROFESSIONALS PROUDLY PROVIDES OUR COMMUNITY WITH TOP QUALITY, PERSONALIZED CARE. HOLY FAMILY MEMORIAL INCLUDES AN INPATIENT AND OUTPATIENT MEDICAL CENTER, SPECIALTY AND WALK-IN CARE, AND MORE THAN 10 CLINICS. CANCER CAN BE A LIFE-CHANGING DIAGNOSIS. BUT LIFE DOESN'T STOP. AND NEITHER DO WE. OUR CANCER CENTER TEAM IS HERE AND READY TO WALK WITH YOU THROUGH YOUR JOURNEY, ALWAYS FOCUSED ON YOU AND THE RIGHT OUTCOME. THROUGH OUR CANCER CENTER, WE OFFER INNOVATIVE, COLLABORATIVE, COMPREHENSIVE CANCER SERVICES TO CARE FOR YOUR PHYSICAL, SPIRITUAL, AND EMOTIONAL NEEDS. AT ORTHOPAEDICS, WE'RE HERE TO HELP YOU GET BACK TO DOING WHAT YOU LOVE. OUR DEDICATED TEAM OF ORTHOPAEDIC EXPERTS DELIVERS ORTHOPAEDIC EXCELLENCE TO EACH OF OUR PATIENTS. WE'RE PROUD TO BE RECOGNIZED AS THE REGION'S PREMIER ORTHOPAEDIC PROVIDER, A DISTINCTION WE'VE HELD FOR MORE THAN A DECADE. AT WOMEN'S HEALTH, WE'RE DEDICATED TO PROVIDING COMPREHENSIVE HEALTHCARE FOR WOMEN THROUGHOUT EVERY LIFE STAGE. WHETHER YOU'RE WELCOMING YOUR FIRST BABY INTO THE WORLD, SCHEDULING YOUR FIRST MAMMOGRAM, APPROACHING MENOPAUSE, OR JUST TRYING TO IMPROVE YOUR HEALTH AND WELL-BEING, WE'RE HERE TO PROVIDE YOU WITH SERVICES AND SUPPORT FOR ALL OF YOUR UNIQUE HEALTHCARE NEEDS. WHILE THE SPECIFIC TYPE OF CARE YOU NEED MAY CHANGE AS YOU GO THROUGH DIFFERENT LIFE STAGES, THE NEED FOR EXPERT, COMPASSIONATE, AND SPECIALIZED CARE DOESN'T. HEART AND VASCULAR CENTER PROVIDES TOP-QUALITY, COMPREHENSIVE CARDIAC CARE TO OUR COMMUNITY. FEATURING AN AWARD-WINNING CARDIAC CATH LAB, THE ONLY ONE OF ITS KIND IN MANITOWOC AND SHEBOYGAN COUNTIES, OUR TEAM QUICKLY AND EXPERTLY DIAGNOSES, TREATS, AND MANAGES EVERYTHING FROM CHEST PAIN, HEART ATTACKS, AND CONGESTIVE HEART FAILURE, TO CORONARY ARTERY DISEASE, MYOCARDIAL INFARCTION, ARRHYTHMIAS, AND HYPERTENSION. AT HOLY FAMILY MEMORIAL, YOU RECEIVE WORLD-CLASS, FAITH-BASED HEALTHCARE RIGHT IN YOUR OWN COMMUNITY. YOU DON'T HAVE TO TRAVEL TO A LARGER MARKET NETWORK TO GET BETTER QUALITY OF CARE SINCE WE'RE RIGHT HERE, JUST MINUTES FROM YOUR HOME, WORKING HARD TO EXCEED REGIONAL AND NATIONAL STANDARDS EVERY DAY. IT'S OUR PROMISE TO YOU TOO, TO PROVIDE THE RIGHT CARE, IN THE RIGHT SETTING, FOR THE RIGHT OUTCOMES. OUR EVER-GROWING LIST OF AWARDS, ACCOLADES, ACCREDITATIONS, AND RECOGNITION DEMONSTRATE OUR COMMITMENT TO EXCELLENCE AND OUR DEDICATION TO OUR PATIENTS AND OUR COMMUNITY. IN MARCH 2021, HFM FINALIZED AN AFFILIATION AGREEMENT WITH FROEDTERT AND THE MEDICAL COLLEGE OF WISCONSIN, STARTING THE NEXT CHAPTER IN CONTINUING TO IMPROVE OUR OFFERING OF HEALTHCARE TO THE MANITOWOC AREA. WORKING TOGETHER, WE'RE MAKING MORE OF WHAT IS HUMANLY POSSIBLE FOR YOUR HEALTH CARE AVAILABLE CLOSER TO HOME IN MANITOWOC COUNTY. IT'S A PARTNERSHIP THAT BUILDS ON THE RICH LEGACY OF HOLY FAMILY MEMORIAL AND SECURES IT FOR YEARS TO COME BY ADDING THE BROAD RESOURCES OF THE FROEDTERT AND MCW ACADEMIC HEALTH NETWORK TO BRING MORE HEALTH CARE OPTIONS TO THE COMMUNITY. IT'S A BEST-OF-BOTH-WORLDS SCENARIO FOR LOCAL RESIDENTS, AS MANITOWOC COUNTY'S TRUSTED HEALTH CARE PROVIDER PARTNERS WITH EASTERN WISCONSIN'S ONLY ACADEMIC HEALTH NETWORK TO OFFER EASY, LOCAL CONNECTIONS TO HIGH-CALIBER COMPLEX AND SPECIALTY CARE. BY WORKING TOGETHER, THE ENTIRE COMMUNITY BENEFITS, TOO. AS NONPROFIT ORGANIZATIONS, WE REMAIN COMMITTED TO REINVESTING ALL REVENUE OVER EXPENSES INTO OUR PEOPLE, FACILITIES, TECHNOLOGY, AND STRATEGIES TO SUPPORT OUR SHARED MISSION TO ADVANCE THE HEALTH OF THOSE WE SERVE NOW AND IN THE FUTURE. IT'S A MISSION STARTED WHEN THE FRANCISCAN SISTERS OF CHRISTIAN CHARITY MINISTRY FOUNDED HOLY FAMILY MEMORIAL AND ONE THAT REFLECTS THE VALUES LONG SUPPORTED BY THE FROEDTERT AND THE MEDICAL COLLEGE OF WISCONSIN HEALTH NETWORK. INPATIENT SERVICES: HOLY FAMILY MEMORIAL HAS 58 INPATIENT BEDS. FOR THE 12 MONTHS ENDED JUNE 30, 2023 WE HAD 1,784 ADMISSIONS WITH 7,171 PATIENT DAYS OF CARE. INPATIENT SURGERIES WERE 475. DURING FISCAL YEAR 2023, THE HOSPITAL HAD 293 CANCER REGISTRY CASES. SURGICAL SERVICES: WE HAVE SURGICAL SPECIALISTS IN A VARIETY OF FIELDS TO MEET ALL OF THE SURGICAL NEEDS OF OUR COMMUNITY, INCLUDING: CANCER TREATMENT- SCREENINGS AND SURGICAL PROCEDURES FOR COMMON CANCERS, INCLUDING: COLORECTAL, BREAST, ESOPHAGUS, STOMACH, LUNG, LIVER, SKIN, OVARIAN, THYROID AND OTHERS; EAR, NOSE, AND THROAT (ENT) SURGERY - TUBES IN EARS, REMOVE TONSILS, SEPTUM REPAIR OR REPOSITION, TURBINATE REDUCTION SURGERY, AND ENDOSCOPIC SINUS SURGERY; GENERAL SURGERY - HERNIA REPAIR, GALL BLADDER REMOVAL, VARICOSE VEIN REPAIR; GYNECOLOGICAL SURGERY - HYSTERECTOMIES, INCONTINENCE TREATMENT, ENDOMETRIAL ABLATION; ORTHOPAEDIC SURGERY - JOINT REPLACEMENTS, SPORTS MEDICINE INJURY REPAIR; AND UROLOGICAL SURGERY - INCONTINENCE TREATMENT, ENLARGED PROSTATE TREATMENT. THE HEART AND VASCULAR CENTER IS A PROVIDER OF TOP-QUALITY, COMPREHENSIVE CARDIAC CARE IN MANITOWOC COUNTY. FEATURING AN AWARD-WINNING CARDIAC CATH LAB, OUR TEAM QUICKLY AND EXPERTLY DIAGNOSES, TREATS, AND MANAGES EVERYTHING FROM CHEST PAIN, HEART ATTACKS, AND CONGESTIVE HEART FAILURE, TO CORONARY ARTERY DISEASE, MYOCARDIAL INFARCTION, ARRHYTHMIAS, AND HYPERTENSION. AT HOLY FAMILY MEMORIAL, OUR AWARD-WINNING, NATIONALLY RECOGNIZED CARDIAC CATH LAB IS HERE AND READY WHEN YOU NEED US WITH THE RAPID RESPONSE AND EXPERTISE YOU CAN DEPEND ON. OUR INNOVATIVE X-RAY SYSTEM AT HFM IS ONE OF THE MOST ADVANCED IN THE NATION. IT CUTS RADIATION EXPOSURE TO PATIENTS BY 73% WHILE MAINTAINING IMAGE QUALITY AND IS ABLE TO ADJUST IN REAL-TIME TO THE DEPTH AND AREA BEING VIEWED.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $79,884
Program Service Revenue $87,403,310
Investment Income $128,356
Other Revenue $4,661,509
TOTAL REVENUE $92,273,059

Expense Breakdown

Grants Paid $107,782
Salaries & Benefits $57,698,722
Fundraising Expenses $109
Program Expenses $86,241,740
Other Expenses $60,765,990
TOTAL EXPENSES $118,572,494

Year-over-Year Comparison

2022 2021 Change
Revenue $92,273,059 $110,914,142 -0.2%
Expenses $118,572,494 $146,485,578 -0.2%
Net Income $-26,299,435 $-35,571,436 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
7
Employees
N/A
Volunteers
162

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,622,450
Total Directors
14
$5,611,626
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERICSON ALLEN DIRECTOR & SJH PRES (START JUN23) 1.00
Director
$0 $164,713 $1,641,225
BEHL MARK DIRECTOR & EVP/FH COO 1.00
Director
$0 $208,039 $1,399,347
LITTLE STEVEN DIRECTOR & PRESIDENT (TERM NOV22) 50.00
Officer Director
$0 $127,219 $724,160
VEESER THOMAS DIRECTOR & INTERIM PRESIDENT 50.00
Officer Director
$0 $63,411 $477,850
JORDAN MILAN MD DIRECTOR & DOCTOR (TERM DEC22) 50.00
Director
$0 $39,780 $473,477
CAMPBELL MATTHEW MD DIRECTOR & DOCTOR 50.00
Director
$0 $45,313 $466,863
KLATT MARGARET MD DIRECTOR & DOCTOR (START JAN23) 50.00
Director
$0 $11,358 $428,704
GIESEN CANDICE DIRECTOR 1.00
Director
$0 $0 $0
KRUEGER CHARLES DIRECTOR 1.00
Director
$0 $0 $0
MAHER SISTER MARY FRANCES DIRECTOR 1.00
Director
$0 $0 $0
SHIELDS GENEVIEVE DIRECTOR 1.00
Director
$0 $0 $0
BIRSCHBACH MICHELLE L DIRECTOR & BOD V.CHAIR 1.00
Officer Director
$0 $0 $0
KAUFMANN MARILYN A PHD RN DIRECTOR & BOD CHAIR 1.00
Officer Director
$0 $0 $0
KINATE SISTER NANCY DIRECTOR & BOD SECRETARY 1.00
Officer Director
$0 $0 $0
SMITH ADAM TREASURER (START JUL22) 1.00
Officer
$0 $70,178 $420,440
VAN DE KREEKE JEFFREY FORMER - OFFICER (TREAS) 0.00
$0 $28,202 $573,274
NORELL BRETT FORMER - OFFICER (PRES) 50.00
$0 $0 $468,317
DAY TROY D FORMER - OFFICER (CFO) 50.00
$0 $0 $229,566
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $92,273,059 $118,572,494 $39,328,429 $-26,299,435
2022 $110,914,142 $146,485,578 $47,324,620 $-35,571,436
2021 $51,828,608 $61,896,491 $64,042,070 $-10,067,883
2020 $122,954,720 $125,825,045 $179,865,777 $-2,870,325
2019 $124,147,621 $123,143,554 $183,919,607 $1,004,067
2018 $120,949,303 $136,647,500 $177,191,853 $-15,698,197
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