AURORA HEALTH CARE INC

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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

1983

Legal Domicile

Principal Officer

MICHAEL GREBE

Phone

4142991576

Tax Period

2023-01-01 to 2023-12-31

AURORA HEALTH CARE INC, founded in 1983, is a major nonprofit in the Health Care sector that reported $258.2M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. Expenses of $418.1M exceeded revenue, resulting in a 62% operating deficit.

Mission

TO PROMOTE HEALTH, PREVENT ILLNESS, AND PROVIDE STATE-OF-THE ART DIAGNOSIS AND TREATMENT, TO IMPROVE THE QUALITY OF HEALTH CARE AND HEALTH OUTCOMES, AND TO PROVIDE SERVICES THAT ARE AFFORDABLE AND ACCESSIBLE.

Program Service Accomplishments

Program 1

Expenses: $265,545,337

AURORA HEALTH CARE, INC. AND ITS AFFILIATES (AURORA) CONSTITUTE AN INTEGRATED HEALTH CARE SYSTEM PROVIDING HEALTH CARE SERVICES TO COMMUNITIES THROUGHOUT EASTERN WISCONSIN, NORTHERN ILLINOIS, AND THE UPPER PENINSULA OF MICHIGAN. AURORA PROVIDES A VARIETY OF HEALTH CARE RELATED ACTIVITIES, EDUCATION, PHILANTHROPIC, MEDICAL RESEARCH AND OTHER BENEFITS TO THE COMMUNITIES IN WHICH THEY OPERATE. HEALTH CARE SERVICES INCLUDE PRIMARY AND SPECIALTY CARE, PHARMACIES, BEHAVIORAL HEALTH CARE, EMERGENCY CARE, REHABILITATION, HOME CARE, AND END-OF-LIFE CARE.AURORA HEALTH CARE, INC. (THE CORPORATION) IS A WISCONSIN NONSTOCK, NOT-FOR-PROFIT CORPORATION. THE CORPORATION IS THE PARENT CORPORATION OF A GROUP OF NONPROFIT AND FOR PROFIT CORPORATIONS AND OTHER ORGANIZATIONS THAT OWN AND OPERATE 14 ACUTE-CARE HOSPITAL CAMPUSES, ONE PSYCHIATRIC HOSPITAL, A NETWORK OF APPROXIMATELY 158 PHYSICIAN CLINIC FACILITIES, HOME HEALTH AGENCY, APPROXIMATELY 71 RETAIL PHARMACIES, AND OTHER HEALTH CARE AND RELATED SERVICE ORGANIZATIONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,342,508

Program Service Revenue $76,719,341

Investment Income $172,721,838

Other Revenue $1,369,153

TOTAL REVENUE $258,152,840

Expense Breakdown

Grants Paid $1,250

Salaries & Benefits $118,252,406

Fundraising Expenses $0

Program Expenses $265,545,337

Other Expenses $299,844,148

TOTAL EXPENSES $418,097,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$258,152,840	$139,161,418	+0.9%
Expenses	$418,097,804	$349,902,607	+0.2%
Net Income	$-159,944,964	$-210,741,189	-0.2%

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

Governance

Voting Members

Independent Members

Employees

4163

Volunteers

N/A

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

$42,356,097

Total Directors

$2,367,486

Key Employees

$8,388,041

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRISTY GARCIA-THOMAS	DIRECTOR, CHAIRPERSON	1.00	Officer Director	$0	$177,993	$2,303,486
BILL WYMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIANNE SAS-PEREZ	DIRECTOR	1.00	Director	$0	$0	$8,000
CARLO NEVICOSI	DIRECTOR	1.00	Director	$0	$0	$0
JANET KREJCI	DIRECTOR	1.00	Director	$0	$0	$8,000
KRISTIN BLANCHARD STEARNS	DIRECTOR	1.00	Director	$0	$0	$8,000
MARCIA DRAME	DIRECTOR	1.00	Director	$0	$0	$8,000
MICHAEL MORGAN	DIRECTOR	1.00	Director	$0	$0	$8,000
NAN GARDETTO	DIRECTOR, CHAIRPERSON	1.00	Director	$0	$0	$8,000
ROBERT FIGUEROA	DIRECTOR	1.00	Director	$0	$0	$8,000
TAMARRA COLEMAN	DIRECTOR	1.00	Director	$0	$0	$8,000
WILLIAM SANTULLI	PRESIDENT	1.00	Officer	$0	$359,616	$6,164,738
DENNIS POTTS	EVP REGION, VICE PRESIDENT	1.00	Officer	$0	$182,360	$3,134,763
DOMINIC NAKIS	TREASURER	1.00	Officer	$0	$130,352	$6,517,941
ANTHONY DEFURIO	TREASURER	1.00	Officer	$0	$426,937	$5,539,395
BRAD CLARK	ASSISTANT TREASURER, TREASURER	1.00	Officer	$0	$145,795	$1,577,771
NAN NELSON	ASSISTANT TREASURER	1.00	Officer	$0	$152,768	$1,874,733
JAMES DOHENY	ASSISTANT TREASURER	1.00	Officer	$0	$63,927	$1,127,934
STEVE HUSER	ASSISTANT TREASURER	1.00	Officer	$0	$71,656	$878,136
RACHEL HALVERSON	ASSISTANT TREASURER	1.00	Officer	$0	$59,558	$537,349
MICHAEL GREBE	SECRETARY	1.00	Officer	$0	$99,054	$3,702,479
BRETT DENTON	SECRETARY	1.00	Officer	$0	$323,260	$2,295,087
RACHELLE HART	ASSISTANT SECRETARY	1.00	Officer	$0	$130,674	$1,286,154
JEFFREY BAHR	ASSISTANT SECRETARY	1.00	Officer	$0	$204,037	$3,383,017
MICHAEL KERNS	ASSISTANT SECRETARY	1.00	Officer	$0	$111,993	$861,767
JAMES SLINKMAN	ASSISTANT SECRETARY	1.00	Officer	$0	$111,416	$823,811
KATHERINE KETNER	ASSISTANT SECRETARY	1.00	Officer	$0	$30,165	$347,536
TIMOTHY LINEBERRY	SVP BUSINESS DEVELOPMENT	55.00	Key Emp	$0	$147,894	$1,495,860
JEFFREY DALEN-BARD	PRESIDENT NORTH WI PSA	55.00	Key Emp	$0	$142,501	$1,561,631
MARY FIELDS	SVP CMO MEDICAL GROUP	55.00	Key Emp	$0	$146,021	$1,295,792
CARRIE KILLORAN	PRESIDENT GREATER MILWAUKEE PSA	55.00	Key Emp	$0	$127,876	$1,731,802
MARY BETH KINGSTON	CHIEF NURSING OFFICER	55.00	Key Emp	$0	$164,086	$2,302,956
BRIAN JOHNSON	CHIEF MEDICAL OFFICER ABMC	55.00	Highest	$550,655	$37,315	$587,970
THOMAS MILLER	PRESIDENT ABMC	55.00	Highest	$548,816	$104,559	$653,375
DAN MUMM	GROUP VICE PRESIDENT LABORATORY SERVICES	55.00	Highest	$469,525	$55,028	$524,553
PETER HEIBERGER	MEDICAL PHYSICIST ONCOLOGY LEAD	55.00	Highest	$398,961	$17,846	$416,807
DAVE FERGUS TERMINATED	MEDICAL PROFESSIONAL	55.00	Highest	$772,752	$4,853	$777,605

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	No data	No data	No data	No data
2023	$258,152,840	$418,097,804	$3,866,357,217	$-159,944,964
2022	$139,161,418	$349,902,607	$1,533,116,943	$-210,741,189
2021	$666,695,867	$728,433,274	$4,608,404,718	$-61,737,407
2020	$655,233,477	$747,047,853	$4,279,528,298	$-91,814,376
2019	$935,373,922	$848,261,713	$3,245,978,700	$87,112,209
2018	$1,249,974,452	$1,206,040,163	$2,573,143,528	$43,934,289