FOX VALLEY FAMILY PRACTICE RESIDENCY INC APPLETON

EIN: 391327215 501(c)(3)

APPLETON, WI

Total Revenue
$32,232
Total Expenses
$1,378,876
Total Assets
$776,395
Net Assets
$776,395
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
WI
Principal Officer
JON KESTER
Phone
9205607160
Tax Period
2024-07-01 to 2025-06-30

FOX VALLEY FAMILY PRACTICE RESIDENCY INC APPLETON, founded in 1979, is a micro nonprofit that reported $32K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 4178% operating deficit.

Mission

TO CONSTRUCT AND EQUIP AN EDUCATION FACILITY FOR LEASE TO MOSAIC FAMILY HEALTH, INC. FOR OPERATION OF THE CLINICAL HOME OF THE FOX VALLEY FAMILY MEDICINE RESIDENCY PROGRAM, AFFILIATED WITH THE MEDICAL COLLEGE OF WISCONSIN AFFILIATED HOSPITALS; TO BE THE RECIPIENT OF CONTRIBUTIONS TO FACILITATE THE PURCHASE OF REAL ESTATE, CONSTRUCTION OF A BUILDING AND PURCHASE OF EQUIPMENT RELATING TO FAMILY MEDICINE RESIDENCY TRAINING; TO FURTHER FACILITATE THE ACQUISITION OF REAL ESTATE, CONSTRUCTION OF A CLINIC BUILDING AND PURCHASES OF EQUIPMENT, AS A MODEL CLINIC FOR THE FAMILY MEDICINE RESIDENTS AND FAMILY MEDICINE RESIDENCY TRAINING; AND TO WORK WITH LEADERSHIP AND MEMBERS OF MOSAIC FAMILY HEALTH, INC. TO ASSIST WITH MANAGEMENT OF FACILITIES TO SUPPORT THE MISSION OF THE FOX VALLEY FAMILY MEDICINE RESIDENCY.

Program Service Accomplishments

Program 1
Expenses: $1,345,411 Revenue: $30,000

PROVIDED A WELL EQUIPPED MEDICAL FACILITY FOR USE BY MOSAIC FAMILY HEALTH, INC. (MOSAIC), A FAMILY MEDICINE RESIDENCY PROGRAM THROUGH DECEMBER 2024. THE RENT CHARGED TO MOSAIC WAS WELL BELOW FAIR...

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PROVIDED A WELL EQUIPPED MEDICAL FACILITY FOR USE BY MOSAIC FAMILY HEALTH, INC. (MOSAIC), A FAMILY MEDICINE RESIDENCY PROGRAM THROUGH DECEMBER 2024. THE RENT CHARGED TO MOSAIC WAS WELL BELOW FAIR MARKET RENT. MOSAIC USED THE MEDICAL FACILITIES FOR ITS CHARITABLE AND EDUCATIONAL PURPOSES. ALSO, DONATED EQUIPMENT AND FURNITURE TO MOSAIC FOR ITS NEW MEDICAL FACILITY.

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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 $11,000
Program Service Revenue $30,000
Investment Income $-8,768
Other Revenue $0
TOTAL REVENUE $32,232

Expense Breakdown

Grants Paid $1,208,426
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,345,411
Other Expenses $170,450
TOTAL EXPENSES $1,378,876

Year-over-Year Comparison

2024 2023 Change
Revenue $32,232 $81,790 -0.6%
Expenses $1,378,876 $240,657 +4.7%
Net Income $-1,346,644 $-158,867 +7.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
5

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRET SALSCHEIDER DIRECTOR 0.10
Director
$0 $0 $0
LEE MARIE VOGEL MD DIRECTOR 0.10
Director
$0 $0 $0
KRISTINA SMITH LEFT JAN 2025 DIRECTOR 0.10
Director
$0 $0 $0
JANINE BUFFO MD DIRECTOR 0.10
Director
$0 $0 $0
JON KESTER PRESIDENT/TREASURER 0.10
Officer Director
$0 $0 $0
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 $32,232 $1,378,876 $776,395 $-1,346,644
2024 $81,790 $240,657 $2,106,422 $-158,867
2023 $453,549 $396,924 $2,193,879 $56,625
2022 $61,037 $163,674 $2,121,494 $-102,637
2021 $63,162 $315,205 $2,291,053 $-252,043
2020 $61,164 $137,339 $2,385,915 $-76,175
2019 $61,438 $190,485 $2,474,424 $-129,047
2018 $61,271 $174,653 $2,596,806 $-113,382
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