ThedaCare Medical Center - Waupaca Inc

EIN: 390871113 501(c)(3) Health Care

Appleton, WI

Total Revenue
$61,923,482
Total Expenses
$55,421,430
Total Assets
$177,756,067
Net Assets
$162,052,001
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
WI
Phone
7152581000
Tax Period
2024-07-01 to 2025-06-30

ThedaCare Medical Center - Waupaca Inc, founded in 1955, is a mid-sized nonprofit in the Health Care sector that reported $61.9M in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $55.4M 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 $64,002
Program Service Revenue $61,048,746
Investment Income $427,448
Other Revenue $383,286
TOTAL REVENUE $61,923,482

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,050,478
Fundraising Expenses $0
Program Expenses $44,347,873
Other Expenses $31,370,952
TOTAL EXPENSES $55,421,430

Year-over-Year Comparison

2024 2023 Change
Revenue $61,923,482 $28,412,561 +1.2%
Expenses $55,421,430 $25,902,728 +1.1%
Net Income $6,502,052 $2,509,833 +1.6%
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
6
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
8
$8,220,927
Total Directors
9
$2,162,654
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC HENDRICKSON VICE CHAIR, BOARD MEMBER 1.0
Officer Director
$0 $0 $0
JEREMY KOEHLER SECRETARY, BOARD MEMBER 1.0
Officer Director
$0 $0 $0
RICHARD PHILLIPSEN CHAIRMAN, BOARD MEMBER 1.0
Officer Director
$0 $0 $0
SUZANNE UDONI TREASURER, BOARD MEMBER 1.0
Officer Director
$0 $0 $0
DALE GISI SVP, TC-CENTRAL REGION, BOARD MEMBER 1.0
Director
$0 $168,718 $1,123,618
ELLEN WENBERG MD PHYSICIAN, BOARD MEMBER END 01/25 1.0
Director
$0 $49,899 $294,710
JACQUELINE ANHALT CHIEF NURSING OFFICER, BOARD MEMBER 4.0
Director
$0 $57,399 $744,326
LOU ANN MOKWA BOARD MEMBER 1.0
Director
$0 $0 $0
TIMOTHY NEUVILLE BOARD MEMBER 1.0
Director
$0 $0 $0
BRIAN STERNS CHIEF DIGITAL HEALTH OFFICER 4.0
Officer
$0 $153,031 $761,992
IMRAN ANDRABI MD PRESIDENT & CEO - SYSTEM 4.0
Officer
$0 $647,039 $5,238,377
MAGGIE LUND CHIEF CULTURE AND INTEGRATION OFFICER 4.0
Officer
$0 $62,717 $1,418,528
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 $61,923,482 $55,421,430 $177,756,067 $6,502,052
2024 $28,412,561 $25,902,728 $155,992,236 $2,509,833
2023 $56,399,043 $46,463,955 $140,699,082 $9,935,088
2022 $51,741,495 $45,979,537 $129,861,584 $5,761,958
2021 $53,171,867 $44,016,054 $126,150,544 $9,155,813
2020 $48,143,719 $41,284,390 $116,175,183 $6,859,329
2019 $47,228,115 $35,220,915 $111,177,629 $12,007,200
2018 $41,863,915 $34,208,456 $99,030,953 $7,655,459
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