FROEDTERT SOUTH INC

EIN: 390816845 501(c)(3) Health Care

KENOSHA, WI

Total Revenue
$486,946,600
Total Expenses
$466,789,306
Total Assets
$727,819,306
Net Assets
$639,253,424
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1910
Legal Domicile
WI
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 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.

Program Service Accomplishments

Program 1
Expenses: $421,426,127 Revenue: $480,934,422

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...

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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.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
8
Employees
2468
Volunteers
13

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
4
$3,500,910
Total Directors
15
$3,347,412
Key Employees
1
$425,800
Highest Compensated
5
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
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