KENOSHA, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
FROEDTERT SOUTH, INC. IS 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. WE STRIVE TO RECRUIT AND RETAIN THE BEST PHYSICIANS AND STAFF AND PURCHASE THE BEST DIAGNOSTIC AND CURATIVE MEDICAL EQUIPMENT THAT OUR FINANCIAL RESOURCES WILL PERMIT. WE ALSO STRIVE TO BE ACCESSIBLE TO ALL MEMBERS OF OUR COMMUNITY WITH EMERGENT AND URGENT HEALTHCARE NEEDS, IRRESPECTIVE OF THEIR ABILITY TO PAY. THIS IS OUR COMMITMENT TO THE QUALITY, ACCESSIBILITY AND AFFORDABILITY FUNDAMENTALS AFFECTING THE DELIVERY OF HEALTHCARE.
ACUTE CARE HOSPITAL THAT PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO ITS COMMUNITY. 2024 CHARITY CARE $4,469,756. CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTH SERVICES...
ACUTE CARE HOSPITAL THAT PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO ITS COMMUNITY. 2024 CHARITY CARE $4,469,756. CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTH SERVICES PROVIDED TO THOSE WHO CANNOT AFFORD TO PAY AND WHO MEET ALL CRITERIA FOR FINANCIAL ASSISTANCE. CHARITY CARE IS BASED ON ACTUAL COSTS, NOT CHARGES, AND DOES NOT INCLUDE BAD DEBT. UNREIMBURSED COST OF PUBLIC PROGRAMS $38,190,739. UNREIMBURSED COST OF PUBLIC PROGRAMS IS DEFINED AS THE SHORTFALL EXPERIENCED WHEN PAYMENTS RECEIVED ARE BELOW THE COST OF TREATING PUBLIC BENEFICIARIES THROUGH MEDICAID AND OTHER LOCAL PUBLIC PROGRAMS. COMMUNITY HEALTH IMPROVEMENT SERVICES $518,354. COMMUNITY HEALTH IMPROVEMENT SERVICES ARE DEFINED AS CLINICAL AND NON-CLINICAL SERVICES DESIGNED TO IMPROVE COMMUNITY HEALTH, WHICH ARE PROVIDED TO THE COMMUNITY FOR FREE OR FOR FEES THAT DID NOT COVER COSTS. FINANCIAL CONTRIBUTIONS $3,760. FINANCIAL CONTRIBUTIONS ARE DEFINED AS CONTRIBUTIONS, INCLUDING CASH, NON-CASH ITEMS SUCH AS FOOD, FURNITURE, EQUIPMENT, SUPPLIES, AND LOANED STAFF FOR VOLUNTEER AND CHARITABLE PURPOSES, MADE TO INDIVIDUALS, COMMUNITY GROUPS, OR NONPROFIT ORGANIZATIONS FOR CHARITABLE PURPOSES. HEALTH PROFESSIONS EDUCATION $4,700. HEALTH PROFESSIONS EDUCATION IS DEFINED AS DIRECT COSTS INCURRED FOR ACCREDITED TRAINING AND EDUCATION PROGRAMS FOR PHYSICIANS, NURSES, ALLIED HEALTH PROFESSIONALS AND TECHNICIANS (DOES NOT INCLUDE ONGOING EDUCATION FOR STAFF). COMMUNITY BUILDING ACTIVITIES $340,270. COMMUNITY BUILDING ACTIVITIES ARE DEFINED AS PROGRAMS THAT, WHILE NOT DIRECTLY RELATED TO HEALTH CARE, PROVIDE OPPORTUNITIES TO ADDRESS THE ROOT CAUSES OF HEALTH PROBLEMS, SUCH AS POVERTY, HOMELESSNESS, AND ENVIRONMENTAL ISSUES. COSTS FOR THESE ACTIVITIES INCLUDE CASH AND IN-KIND DONATIONS. COMMUNITY BENEFIT OPERATIONS $1,410. COMMUNITY BENEFIT OPERATIONS ARE DEFINED AS COSTS ASSOCIATED WITH DEDICATED STAFF AND COMMUNITY HEALTH NEEDS AND/OR ASSETS ASSESSMENT, AS WELL AS, OTHER COSTS ASSOCIATED WITH COMMUNITY BENEFIT STRATEGY AND OPERATIONS. TOTAL BENEFIT TO THE COMMUNITY FOR 2024 $43,528,989.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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