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)

4 risk indicators measuring financial stability and operational resilience

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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

IMPROVING THE HEALTH OF OUR COMMUNITY.

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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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Financial Health Indicators

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

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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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