ThedaCare Regional Medical Center - Appleton Inc

EIN: 390824015 501(c)(3) Health Care

APPLETON, WI

Total Revenue
$237,777,727
Total Expenses
$203,262,842
Total Assets
$897,758,681
Net Assets
$889,799,431
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
WI
Phone
9207355560
Tax Period
2024-01-01 to 2024-06-30

ThedaCare Regional Medical Center - Appleton Inc, founded in 1958, is a major nonprofit in the Health Care sector that reported $237.8M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $203.3M left a modest 15% surplus.

Mission

TO PROVIDE THE HIGHEST QUALITY HEALTH CARE, DELIVERED IN THE MOST EFFICIENT AND COST-EFFECTIVE WAYS, AND ACCESSIBLE TO ALL MEMBERS OFTHE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $156,112,265 Revenue: $234,960,984

THEDACARE IS A TAX-EXEMPT, NON-PROFIT CORPORATION, AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEDACARE REGIONAL MEDICAL CENTER-APPLETON IS A 147-BED ACUTE CARE HOSPITAL...

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THEDACARE IS A TAX-EXEMPT, NON-PROFIT CORPORATION, AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEDACARE REGIONAL MEDICAL CENTER-APPLETON IS A 147-BED ACUTE CARE HOSPITAL, EMPLOYING MORE THAN 1,200 TEAM MEMBERS. THEDACARE REGIONAL MEDICAL CENTER-APPLETON OFFERS DIAGNOSTIC SERVICES SUCH AS X-RAY, ULTRASOUND, MRI, CT SCAN, MAMMOGRAPHY AND MEDICAL LABORATORY TESTING, CANCER, CARDIOVASCULAR, ORTHOPEDIC, SPINE, NEUROLOGY, FAMILY BIRTH CARE, DIABETES, INTERNAL MEDICINE, EMERGENCY, OCCUPATIONAL HEALTH, PULMONOLOGY, WOMEN'S CARE, NEPHROLOGY, THERAPY SERVICES, OUTPATIENT SURGERY CENTERS AND WELLNESS PROGRAMS. THEDACARE REGIONAL MEDICAL CENTER-APPLETON HAS AN ACCREDITED CHEST PAIN AND RESUSCITATION CENTER ON CAMPUS. EFFECTIVE JANUARY 1, 2024, THEDACARE MEDICAL CENTER - APPLETON IS PART OF FROEDTERT THEDACARE HEALTH, INC. CONTINUING ITS COMMITMENT TO PATIENT HEALTH AND COMMUNITY WELLBEING, WE OFFER PUBLIC AWARENESS CAMPAIGNS, CHARITY CARE, SUPPORT GROUPS AND EDUCATION PROGRAMS TARGETED TO LOCAL COMMUNITY NEEDS. THEDACARE IS COMMITTED TO COMMUNITY FOCUSED EFFORTS IDENTIFIED IN THE COMMUNITY HEALTH NEEDS ASSESSMENT IN COUNTIES (CALUMET AND OUTAGAMIE) WHERE SERVICES ARE PROVIDED. EFFORTS INCLUDE PARTNERSHIPS WITH LOCAL GOVERNMENTS, COMMUNITY PARTNERS, AND AREA HEALTH ORGANIZATIONS TO ADDRESS THE TOP HEALTH PRIORITIES IDENTIFIED IN ITS MOST RECENT CHNA. ADDITIONALLY, THEDACARE PROVIDES SCHOLARSHIPS, CHARITY CARE, INTERPRETING AND EDUCATIONAL SERVICES AND VARIOUS OTHER COMMUNITY BENEFITS. THEDACARE OPERATES ON A NON-DISCRIMINATORY BASIS REGARDLESS OF RACE, COLOR, SEX, RELIGION, OR NATIONAL ORIGIN. THEDACARE PROVIDES A VARIETY OF FINANCIAL ASSISTANCE OPTIONS TO PATIENTS WHO MEET ESTABLISHED CRITERIA. SERVICES ARE ALSO PROVIDED TO BOTH MEDICARE AND MEDICAID PATIENTS AT SUBSTANTIAL DISCOUNTS FROM STANDARD FEES. INPATIENT DISCHARGES TOTALED 4,329 WITH 433 BABIES DELIVERED.

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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 $1,989,114
Program Service Revenue $234,960,984
Investment Income $19,684
Other Revenue $807,945
TOTAL REVENUE $237,777,727

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,247,714
Fundraising Expenses $0
Program Expenses $156,112,265
Other Expenses $135,015,128
TOTAL EXPENSES $203,262,842

Year-over-Year Comparison

2024 2023 Change
Revenue $237,777,727 $429,132,232 -0.4%
Expenses $203,262,842 $370,297,738 -0.5%
Net Income $34,514,885 $58,834,494 -0.4%
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
9
Independent Members
7
Employees
N/A
Volunteers
154

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK DALLAS CHAIR, BOARD MEMBER 1.0
Officer Director
$0 $0 $0
Imran Andrabi MD President & CEO - System 4.0
Officer Director
$0 $0 $0
PAUL VAN DEN HEUVEL SECRETARY, BOARD MEMBER, CHIEF LEGAL OFFICER 4.0
Officer Director
$0 $0 $0
ALAN LOUX BOARD MEMBER 1.0
Director
$0 $0 $0
DAVID KOEPER MD BOARD MEMBER 1.0
Director
$0 $0 $0
LAURIE CARTER BOARD MEMBER 1.0
Director
$0 $0 $0
MARY GOGGANS BOARD MEMBER 1.0
Director
$0 $0 $0
MICHAEL MORSE BOARD MEMBER 1.0
Director
$0 $0 $0
STEVEN PRICE BOARD MEMBER 1.0
Director
$0 $0 $0
Brian Sterns Chief Digital Health Officer 4.0
Officer
$0 $0 $0
Maggie Lund Chief Culture and Integration Officer 4.0
Officer
$0 $0 $0
William Flett TREASURER, Chief Financial Officer 4.0
Officer
$0 $0 $0
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 $237,777,727 $203,262,842 $897,758,681 $34,514,885
2023 $429,132,232 $370,297,738 $815,348,656 $58,834,494
2022 $360,968,386 $327,834,413 $754,399,454 $33,133,973
2021 $358,045,903 $305,551,013 $729,175,755 $52,494,890
2020 $324,166,970 $271,105,721 $663,046,189 $53,061,249
2019 $320,108,478 $250,185,094 $618,710,042 $69,923,384
2018 $313,365,679 $254,710,002 $551,982,413 $58,655,677
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