ThedaCare Medical Center - New London Inc

EIN: 390869788 501(c)(3) Health Care

Appleton, WI

Total Revenue
$37,927,986
Total Expenses
$33,850,872
Total Assets
$158,454,037
Net Assets
$149,836,696
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
WI
Phone
9205312000
Tax Period
2024-07-01 to 2025-06-30

ThedaCare Medical Center - New London Inc, founded in 1975, is a mid-sized nonprofit in the Health Care sector that reported $37.9M in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. Expenses of $33.9M left a modest 11% surplus.

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: $26,817,684 Revenue: $37,519,541

THEDACARE IS A TAX-EXEMPT, NON-PROFIT CORPORATION, AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEDACARE MEDICAL CENTER-NEW LONDON IS A 25-BED CRITICAL ACCESS HOSPITAL SERVING NEW...

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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 MEDICAL CENTER-NEW LONDON IS A 25-BED CRITICAL ACCESS HOSPITAL SERVING NEW LONDON AND NEARBY COMMUNITIES. THERE ARE MORE THAN 200 TEAM MEMBERS ON THE NEW LONDON CAMPUS. THEDACARE MEDICAL CENTER-NEW LONDON PROVIDES PATIENT CARE AND SUPPORT SERVICES INCLUDING DIAGNOSTIC SERVICES SUCH AS X-RAY, ULTRASOUND, MRI, CT SCAN, MAMMOGRAPHY, MEDICAL LABORATORY TESTING, AND SPECIALTY SERVICES INCLUDING CARDIOVASCULAR CARE, ORTHOPEDIC CARE, FAMILY BIRTH CARE, CANCER CARE, DIABETES, INTERNAL MEDICINE, EMERGENCY, OCCUPATIONAL HEALTH, PULMONOLOGY UROLOGY, WOMEN'S CARE, OUTPATIENT SURGERY AND THERAPY SERVICES. EFFECTIVE JANUARY 1, 2024, THEDACARE MEDICAL CENTER - NEW LONDON 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 (WAUPACA) 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.

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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 $152,345
Program Service Revenue $37,519,541
Investment Income $0
Other Revenue $256,100
TOTAL REVENUE $37,927,986

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,694,971
Fundraising Expenses $0
Program Expenses $26,817,684
Other Expenses $15,155,901
TOTAL EXPENSES $33,850,872

Year-over-Year Comparison

2024 2023 Change
Revenue $37,927,986 $18,788,826 +1.0%
Expenses $33,850,872 $16,584,456 +1.0%
Net Income $4,077,114 $2,204,370 +0.8%
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
8
Independent Members
7
Employees
N/A
Volunteers
47

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 $37,927,986 $33,850,872 $158,454,037 $4,077,114
2024 No data No data No data No data
2023 $38,468,676 $33,247,456 $138,389,535 $5,221,220
2022 $38,875,936 $34,062,486 $133,187,212 $4,813,450
2021 $38,368,164 $33,191,129 $128,494,455 $5,177,035
2020 $38,745,246 $32,807,046 $122,952,574 $5,938,200
2019 $35,520,895 $29,135,029 $118,389,916 $6,385,866
2018 $33,855,367 $26,429,290 $112,102,191 $7,426,077
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