ThedaCare Regional Medical Center - Neenah Inc

EIN: 390830664 501(c)(3) Health Care

Appleton, WI

Total Revenue
$331,430,817
Total Expenses
$281,631,790
Total Assets
$737,020,518
Net Assets
$730,008,315
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1909
Legal Domicile
WI
Phone
9207355560
Tax Period
2024-07-01 to 2025-06-30

ThedaCare Regional Medical Center - Neenah Inc, founded in 1909, is a major nonprofit in the Health Care sector that reported $331.4M in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49.8M, a strong 15% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $224,775,950 Revenue: $322,757,867

THEDACARE IS A TAX-EXEMPT, NON-PROFIT CORPORATION, AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEDACARE REGIONAL MEDICAL CENTER-NEENAH IS A 151-BED ACUTE CARE HOSPITAL, WITH MORE...

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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-NEENAH IS A 151-BED ACUTE CARE HOSPITAL, WITH MORE THAN 1,000 TEAM MEMBERS. THE CAMPUS OFFERS DIAGNOSTIC SERVICES SUCH AS X-RAY, ULTRASOUND, MRI, CT SCAN, MAMMOGRAPHY AND MEDICAL LABORATORY TESTING. SPECIALTY PATIENT CARE SERVICES OFFERED INCLUDE CANCER, CARDIOVASCULAR, ORTHOPEDIC, SPINE, FAMILY BIRTH CARE, BARIATRIC WEIGHT LOSS, DIABETES, INTERNAL MEDICINE, EMERGENCY, OCCUPATIONAL HEALTH, PULMONOLOGY, UROLOGY, WOMEN'S CARE, NEPHROLOGY, THERAPY SERVICES, LEVEL II TRAUMA CENTER, NEUROLOGY, OUTPATIENT SURGERY CENTERS AND WELLNESS PROGRAM. A SIGNIFICANT FEATURE OF THE THEDACARE TRAUMA PROGRAM IS THEDASTAR. THE AIR MEDICAL PROGRAM PROVIDES IMMEDIATE MEDICAL CARE, HELICOPTER TRANSPORTS AND TRANSFERS FOR TRAUMA PATIENTS AND CRITICALLY ILL PATIENTS, INCLUDING TRANSPORT FROM OUR RURAL HOSPITALS. THIS COLLABORATION ALLOWS FOR OUR TEAMS, ACROSS THE ENTIRE REGION, TO WORK IN CONCERT WITH EACH OTHER. THERE ARE 17 COUNTIES SERVED WITHIN THE PRIMARY AND SECONDARY SERVICE AREAS. CHILDREN'S HOSPITAL OF WISCONSIN-FOX VALLEY OPENED IN 2011 AND IS LOCATED WITHIN THEDACARE REGIONAL MEDICAL CENTER-NEENAH. THEDACARE AND CHW PARTNER TO ENSURE THE COMMUNITY HAS ACCESS TO HIGH LEVELS OF CARE. EFFECTIVE JANUARY 1, 2024, THEDACARE MEDICAL CENTER - NEENAH 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 NEEDS HEALTH ASSESSMENT IN COUNTIES (WINNEBAGO) 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. 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 9,898 WITH 1,862 BABIES DELIVERED. AS PART OF THEDACARE, EMERGENCY MEDICAL HELICOPTER SERVICE IS PROVIDED THROUGHOUT THE 20 COUNTIES SERVED. THE HELICOPTER PROVIDES RAPID PATIENT TRANSPORT TO THE APPROPRIATE HEALTH CARE FACILITY ALONG WITH DELIVERING HIGH-LEVEL CRITICAL CARE.

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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 $1,907,166
Program Service Revenue $322,757,867
Investment Income $67
Other Revenue $6,765,717
TOTAL REVENUE $331,430,817

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,858,506
Fundraising Expenses $0
Program Expenses $224,775,950
Other Expenses $166,773,284
TOTAL EXPENSES $281,631,790

Year-over-Year Comparison

2024 2023 Change
Revenue $331,430,817 $150,945,578 +1.2%
Expenses $281,631,790 $130,737,763 +1.2%
Net Income $49,799,027 $20,207,815 +1.5%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
167

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
$12,745,057
Total Directors
8
$5,257,127
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IMRAN ANDRABI MD PRESIDENT & CEO - SYSTEM 4.0
Officer Director
$0 $647,039 $5,238,377
ALAN LOUX BOARD MEMBER 1.0
Director
$0 $0 $0
CHUCK DALLAS BOARD MEMBER/NR CHAIRPERSON 1.0
Director
$0 $0 $18,750
DAVID KOEPER 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 $153,031 $761,992
MAGGIE LUND CHIEF CULTURE AND INTEGRATION OFFICER 4.0
Officer
$0 $62,717 $1,418,528
PAUL VAN DEN HEUVEL SECRETARY, BOARD MEMBER, CHIEF LEGAL OFFICER 4.0
Officer
$0 $80,399 $1,666,968
SCOTT HAWIG CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER, TREASURER 1.0
Officer
$0 $275,943 $2,857,162
WILLIAM FLETT CHIEF FINANCIAL OFFICER 4.0
Officer
$0 $178,131 $802,030
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 $331,430,817 $281,631,790 $737,020,518 $49,799,027
2024 No data No data No data No data
2023 $254,968,655 $230,804,573 $686,208,946 $24,164,082
2022 $267,905,701 $234,649,769 $736,153,610 $33,255,932
2021 $321,044,138 $237,770,735 $635,603,266 $83,273,403
2020 $249,360,748 $221,255,947 $543,783,884 $28,104,801
2019 $254,574,104 $198,538,565 $517,673,577 $56,035,539
2018 $237,747,332 $181,119,888 $459,075,023 $56,627,444
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