Gundersen Lutheran Medical Foundation Inc

EIN: 391249705 501(c)(3) Health Care

LA CROSSE, WI

Total Revenue
$37,379,625
Total Expenses
$35,626,013
Total Assets
$97,312,057
Net Assets
$92,013,863
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
WI
Phone
6087756600
Tax Period
2023-10-01 to 2024-09-30

Gundersen Lutheran Medical Foundation Inc, founded in 1976, is a mid-sized nonprofit in the Health Care sector that reported $37.4M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $35.6M left a modest 5% surplus.

Mission

TO IMPROVE THE LIFE OF PATIENTS AND OUR LARGER COMMUNITY THROUGH MEDICAL EDUCATION, RESEARCH, OUTREACH AND THE PHILANTHROPIC SUPPORT OF GUNDERSEN HEALTH SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,414,762
Program Service Revenue $15,322,597
Investment Income $1,760,261
Other Revenue $882,005
TOTAL REVENUE $37,379,625

Expense Breakdown

Grants Paid $3,779,998
Salaries & Benefits $0
Fundraising Expenses $1,873,379
Program Expenses $30,422,250
Other Expenses $31,846,015
TOTAL EXPENSES $35,626,013

Year-over-Year Comparison

2023 2022 Change
Revenue $37,379,625 $23,510,404 +0.6%
Expenses $35,626,013 $25,343,177 +0.4%
Net Income $1,753,612 $-1,832,773 -2.0%
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
15
Independent Members
8
Employees
N/A
Volunteers
492

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
7
$2,635,402
Total Directors
18
$2,533,020
Key Employees
6
$2,636,643
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY WIESER BOARD OF DIRECTORS - SECRETARY 2.0
Officer Director
$0 $0 $0
LYNNETTA KOPP BOARD OF DIRECTORS - VICE CHAIR 2.0
Officer Director
$0 $0 $0
MIKE BINSFELD BOARD OF DIRECTORS - TREASURER 2.0
Officer Director
$0 $0 $0
STEPHEN SHAPIRO MD BOARD OF DIRECTORS - CHAIRMAN, MEDICAL PARTNER 2.0
Officer Director
$0 $69,648 $589,136
ALLAN SCHILLING BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $0 $0
ANDY FERGUSON BOARD OF DIRECTORS - MEMBER (BEGIN 9/24) 2.0
Director
$0 $0 $0
CHRISTOPHER BORN MD BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $0 $0
DARLA KRZOSKA BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $0 $0
DUSTIN CUNNINGHAM CFP BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $0 $0
GERALD ARNDT BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $0 $0
GREGORY MARSO CPA MBT BOARD OF DIRECTORS - MEMBER (THRU 6/24) 2.0
Director
$0 $0 $0
KELLEY BAHR MD BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $45,544 $473,538
LEAH REIMANN MD BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $0 $0
LORI ROSENSTEIN MD BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $68,228 $628,804
ROSANNE SCHULZ MPH BOARD OF DIRECTORS - MEMBER (THRU 12/23) 2.0
Director
$0 $0 $0
SISTER MARY ANN GSCHWIND FSPA BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $0 $0
THOMAS KOSTER BOARD OF DIRECTORS - MEMBER 2.0
Director
$0 $0 $0
TREY FOLKERS MD BOARD OF DIRECTORS - MEMBER (THRU 9/24) 2.0
Director
$0 $70,278 $841,542
JOHN CEELEN CHIEF FINANCIAL OFFICER, TREASURER (BEGIN 2/24) 2.0
Officer
$0 $0 $0
SCOTT RATHGABER MD CHIEF EXECUTIVE OFFICER 2.0
Officer
$0 $68,728 $1,712,949
STEVE LITTLE INTERIM CHIEF FINANCIAL OFFICER, TREASURER (THRU 2/24) 2.0
Officer
$0 $0 $333,317
BENJAMIN JARMAN MD MEDICAL PARTNER OF MEDICAL EDUCATION 0.0
Key Emp
$0 $68,372 $540,797
JENNIFER KLEVEN MD MEDICAL PARTNER OF RESEARCH 0.0
Key Emp
$0 $49,697 $430,346
LINDSEY M PRESTON VICE PRESIDENT, GMF 0.0
Key Emp
$0 $51,838 $273,115
PRAVEEN CHOPRA EXECUTIVE LEADERSHIP TEAM MEMBER 0.0
Key Emp
$0 $70,973 $725,955
RANDI BERG MD MEDICAL PARTNER OF RTS 0.0
Key Emp
$0 $59,735 $301,425
TODD MAHR MD MEDICAL PARTNER OF PHILANTHROPY 0.0
Key Emp
$0 $64,849 $365,005
BARBARA A MILLER MEDICAL RESEARCH 0.0
Highest
$0 $43,934 $209,288
DARBY G OLDENBURG MEDICAL RESEARCH 0.0
Highest
$0 $45,069 $232,051
KAREN COWDEN DAHL MEDICAL RESEARCH 0.0
Highest
$0 $42,584 $225,818
PARAIC KENNY MEDICAL RESEARCH 0.0
Highest
$0 $48,287 $237,321
STEVEN LOVRICH MEDICAL RESEARCH 0.0
Highest
$0 $43,500 $215,179
BRIAN SIECK MD FORMER BOARD OF DIRECTORS - V CHAIRMAN, MEDICAL DOCTOR 0.0
$0 $69,087 $560,248
GERALD OETZEL FORMER CHIEF FINANCIAL OFFICER 0.0
$0 $18,108 $573,176
JULIO BIRD MD FORMER MEDICAL PARTNER OF RESEARCH THRU 21 0.0
$0 $0 $165,000
P MICHAEL JACOBS MD MEDICAL VICE PRESIDENT 0.0
$0 $38,355 $247,883
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
2024 $37,379,625 $35,626,013 $97,312,057 $1,753,612
2023 $23,510,404 $25,343,177 $80,980,166 $-1,832,773
2022 $32,133,183 $30,210,899 $76,898,967 $1,922,284
2021 $52,203,030 $29,381,371 $92,389,553 $22,821,659
2020 $29,882,128 $29,070,251 $80,355,345 $811,877
2019 $31,593,864 $28,776,699 $73,643,708 $2,817,165
2018 $28,080,045 $27,879,268 $60,941,458 $200,777
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