FROEDTERT SOUTH INC (EIN 390816845) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1910

Legal Domicile

Principal Officer

THOMAS J KELLEY

Phone

2625778113

Tax Period

2024-07-01 to 2025-06-30

FROEDTERT SOUTH INC, founded in 1910, is a major nonprofit in the Health Care sector that reported $486.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $466.8M left a modest 4% surplus.

Mission

FROEDTERT SOUTH, INC. IS A COMPREHENSIVE REGIONAL HEALTHCARE SYSTEM THAT HAS SERVED SOUTHEASTERN WISCONSIN AND NORTHERN ILLINOIS COMMUNITIES FOR MORE THAN 100 YEARS. FROEDTERT SOUTH PROVIDES SERVICES PRIMARILY THROUGH THE FROEDTERT KENOSHA HOSPITAL AND THE FROEDTERT PLEASANT PRAIRIE HOSPITAL AND SEVERAL OTHER CLINIC LOCATIONS.WE, AT FROEDTERT SOUTH, ARE COMMITTED TO LIVING OUT THE HEALING MINISTRIES OF THE JUDEO-CHRISTIAN FAITHS BY PROVIDING EXCEPTIONAL AND COMPASSIONATE HEALTHCARE SERVICES THAT PROMOTES THE DIGNITY AND WELL BEING OF THE PEOPLE WE SERVE. THIS IS OUR MISSION AND OUR REASON FOR BEING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $96,564

Program Service Revenue $480,961,416

Investment Income $5,846,315

Other Revenue $42,305

TOTAL REVENUE $486,946,600

Expense Breakdown

Grants Paid $17,250

Salaries & Benefits $218,092,336

Fundraising Expenses $0

Program Expenses $421,426,127

Other Expenses $248,679,720

TOTAL EXPENSES $466,789,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$486,946,600	$424,010,424	+0.1%
Expenses	$466,789,306	$401,006,554	+0.2%
Net Income	$20,157,294	$23,003,870	-0.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

2468

Volunteers

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

$3,500,910

Total Directors

$3,347,412

Key Employees

$425,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD O SCHMIDT JR	PRESIDENT/CEO/DIRECTOR	45.00	Officer Director	$1,739,035	$137,785	$1,876,820
MARIO GARRETTO MD	DIRECTOR/PHYSICIAN	40.00	Director	$892,364	$32,175	$924,539
THOMAS AMBRO MD	DIRECTOR/PHYSICIAN	40.00	Director	$512,806	$33,247	$546,053
MIKE GENTILE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BRIAN ALBRECHT	DIRECTOR	2.00	Director	$0	$0	$0
IMRAN ANDRABI	DIRECTOR (FROM JULY 2024)	2.00	Director	$0	$0	$0
TODD BATTLE	DIRECTOR (THRU JULY 2024)	2.00	Director	$0	$0	$0
BRYCE GARTLAND	DIRECTOR (FROM APR 2025)	2.00	Director	$0	$0	$0
ROBERT LEE JR	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS P MAHONEY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PITTS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID R RILEY	DIRECTOR	2.00	Director	$0	$0	$0
IAN SCHWARTZ	DIRECTOR (THRU APRIL 2025)	2.00	Director	$0	$0	$0
MELISSA THOMPSON	DIRECTOR (FROM JAN 2025)	2.00	Director	$0	$0	$0
GARY ZAID MD	DIRECTOR	2.00	Director	$0	$0	$0
LINDA WOHLGEMUTH	ASST SECRETARY/SVP-COO	45.00	Officer	$766,725	$51,333	$818,058
THOMAS KELLEY	ASST TREASURER/VP-CFO	45.00	Officer	$738,126	$67,906	$806,032
SUSAN VENTURA	SVP/COO	45.00	Key Emp	$375,468	$50,332	$425,800
DAVID A KNIGHT	PHYSICIAN	40.00	Highest	$1,304,033	$18,382	$1,322,415
BRIAN C HILL	PHYSICIAN	40.00	Highest	$1,075,272	$33,380	$1,108,652
GOYA V RAIKAR	PHYSICIAN	40.00	Highest	$1,031,906	$27,349	$1,059,255
GEORGE T POULLETTE	PHYSICIAN	40.00	Highest	$825,364	$42,345	$867,709
SYED K MEHDI	PHYSICIAN	40.00	Highest	$835,401	$13,823	$849,224

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	$486,946,600	$466,789,306	$727,819,306	$20,157,294
2024	$424,010,424	$401,006,554	$668,655,400	$23,003,870
2023	$382,699,208	$365,709,990	$610,231,065	$16,989,218
2022	$384,453,377	$361,156,375	$573,917,725	$23,297,002
2021	$387,562,695	$347,956,123	$585,029,294	$39,606,572
2020	$328,324,700	$335,404,535	$529,495,112	$-7,079,835
2019	$343,231,904	$328,405,717	$533,648,652	$14,826,187
2018	$333,021,514	$316,341,380	$528,977,325	$16,680,134

FROEDTERT SOUTH INC