ThedaCare Inc

EIN: 391509362 501(c)(3) Health Care

Appleton, WI

Total Revenue
$432,579,531
Total Expenses
$495,182,713
Total Assets
$1,486,972,569
Net Assets
$-361,296,369
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
WI
Phone
9207355560
Tax Period
2024-07-01 to 2025-06-30

ThedaCare Inc, founded in 1985, is a major nonprofit in the Health Care sector that reported $432.6M in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $495.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE THE HIGHEST QUALITY HEALTH CARE, DELIVERED IN THE MOST EFFICIENT AND COST-EFFECTIVE WAYS, AND ACCESSIBLE TO ALL MEMBERS OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $386,240,667 Revenue: $354,164,108

EFFECTIVE JANUARY 1, 2024, THEDACARE, INC. IS PART OF FROEDTERT THEDACARE HEALTH, INC. CONTINUING ITS COMMITMENT TO IMPROVING THE HEALTH OF THE COMMUNITIES IT SERVES IN THE NORTHEAST AND CENTRAL...

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EFFECTIVE JANUARY 1, 2024, THEDACARE, INC. IS PART OF FROEDTERT THEDACARE HEALTH, INC. CONTINUING ITS COMMITMENT TO IMPROVING THE HEALTH OF THE COMMUNITIES IT SERVES IN THE NORTHEAST AND CENTRAL WISCONSIN. THE ORGANIZATION DELIVERS CARE TO RESIDENTS IN 18 COUNTIES AND EMPLOYS APPROXIMATELY 7,000 HEALTH CARE PROFESSIONALS. THEDACARE HAS 180 POINTS OF CARE, INCLUDING SEVEN HOSPITALS. AS AN ORGANIZATION COMMITTED TO BEING A LEADER IN POPULATION HEALTH, TEAM MEMBERS ARE DEDICATED TO EMPOWERING PEOPLE TO LIVE THEIR BEST LIVES THROUGH EASY ACCESS TO INDIVIDUALIZED CARE, SUPPORTING EACH PERSON'S OWN HEALTH AND WELLBEING. THEDACARE ALSO PARTNERS WITH COMMUNITIES TO UNDERSTAND UNIQUE NEEDS, FINDING SOLUTIONS TOGETHER, AND ENCOURAGING HEALTH AWARENESS AND ACTION. THEDACARE IS THE FIRST IN WISCONSIN TO BE A MAYO CLINIC CARE NETWORK MEMBER, GIVING SPECIALISTS THE ABILITY TO CONSULT WITH MAYO CLINIC EXPERTS ON A PATIENT'S CARE. THEDACARE IS A NOT-FOR-PROFIT HEALTH SYSTEM WITH A LEVEL II TRAUMA CENTER, COMPREHENSIVE CANCER TREATMENT, STROKE AND CARDIAC PROGRAMS, AS WELL AS PRIMARY CARE. THEDACARE OPERATES ONE OF NINE NATIONALLY VERIFIED LEVEL II TRAUMA CENTERS IN THE STATE OF WISCONSIN THEDACARE REGIONAL MEDICAL CENTER-NEENAH. A SIGNIFICANT FEATURE OF THE THEDACARE TRAUMA PROGRAM IS THEDASTAR. THE AIR MEDICAL PROGRAM PROVIDES IMMEDIATE MEDICAL CARE, HELICOPTER TRANSPORTS AND TRANSFERS FOR TRAUMA PATIENTS AND CRITICALLY ILL PATIENTS, INCLUDING TRANSPORT FROM OUR RURAL HOSPITALS. THIS COLLABORATION ALLOWS FOR OUR TEAMS, ACROSS THE ENTIRE REGION, TO WORK IN CONCERT WITH EACH OTHER. THERE ARE 17 COUNTIES SERVED WITHIN THE PRIMARY AND SECONDARY SERVICE AREAS. THEDACARE OFFERS A STRONG PRIMARY CARE NETWORK. ADDITIONAL HEALTH AND CARE SERVICES THROUGH EMPLOYED AND AFFILIATED PROVIDER RELATIONSHIPS INCLUDE ORTHOPEDIC CARE, CARDIOVASCULAR CARE, CANCER CARE, HEMATOLOGY, BARIATRICS CARE, BEHAVIORAL HEALTH, DIABETES CARE, SPINE AND NEUROLOGICAL CARE, STROKE CARE, NEPHROLOGY, OPHTHALMOLOGY, UROLOGY, PULMONARY, WOMEN'S HEALTH AND MORE. MOST CLINICS ALSO OFFER DIAGNOSTIC SERVICES SUCH AS X-RAY, ULTRASOUND, MRI, CAT SCAN, MAMMOGRAPHY AND MEDICAL LABORATORY TESTING. IN ADDITION, WE OFFER A CONVENIENT WALK-IN CARE, FASTCARE, AND E-VISITS FOR ENHANCED COMMUNITY ACCESS TO HEALTHCARE. CHILDREN'S HOSPITAL OF WISCONSIN-FOX VALLEY OPENED IN 2011 AND IS LOCATE WITHIN THEDACARE REGIONAL MEDICAL CENTER-NEENAH. THEDACARE AND CHW PARTNER TO ENSURE THE COMMUNITY HAS ACCESS TO HIGH LEVELS OF CARE. THEDACARE IS COMMITTED TO COMMUNITY FOCUSED EFFORTS IDENTIFIED IN THE COMMUNITY NEEDS HEALTH ASSESSMENT IN COUNTIES WHERE SERVICES ARE PROVIDED. SPECIFIC COMMUNITY EFFORTS ARE DETAILED FOR EACH COUNTY IN EACH INDIVIDUAL HOSPITAL REPORT ENCLOSED IN THIS SUBMISSION. THEDACARE OPERATES ON A NON-DISCRIMINATORY BASIS REGARDLESS OF RACE, COLOR, SEX, RELIGION, OR NATIONAL ORIGIN. THEDACARE PROVIDES A VARIETY OF FINANCIAL ASSISTANCE OPTIONS TO PATIENTS WHO MEET ESTABLISHED CRITERIA. SERVICES ARE ALSO PROVIDED TO BOTH MEDICARE AND MEDICAID PATIENTS AT SUBSTANTIAL DISCOUNTS FROM STANDARD FEES. EVERY YEAR, THEDACARE PUBLISHES A COMMUNITY BENEFIT REPORT, WHICH HIGHLIGHTS OUR CONTRIBUTIONS TO OUR COMMUNITIES IN NORTHEAST AND CENTRAL WISCONSIN. WE TAKE INTO ACCOUNT WAYS IN WHICH OUR SYSTEM ADDRESSES UNMET HEALTH NEEDS IN THE COMMUNITY FOR WHICH REIMBURSEMENT IS NOT RECEIVED. BETWEEN JANUARY 1, 2024 AND JUNE 30, 2024, THE TOTAL DOLLAR VALUE OF THAT DONATED COMMUNITY SUPPORT, CALLED COMMUNITY BENEFIT, AMOUNTED TO OVER $28 MILLION ACROSS THE SERVICE AREA. THEDACARE ADDRESSES UNMET HEALTH NEEDS THROUGH TRAINING MEN AND WOMEN TO BECOME DOCTORS AND NURSES, IMPROVING ACCESS TO BEHAVIORAL HEALTH CARE, SUPPORTING MEDICAL RESEARCH THROUGH CLINICAL TRIALS AND BY PROVIDING CARE TO THOSE WITHOUT THE FINANCIAL RESOURCES TO PAY, AS EXAMPLES. THEDACARE PROVIDES OPERATIONAL AND ADMINISTRATIVE SUPPORT SERVICES FOR HOSPITALS, MEDICAL CLINICS AND VARIOUS OTHER HEALTHCARE PROVIDERS. CENTRALIZING THESE SERVICES ALLOWS MEDICAL PROFESSIONALS TO CONCENTRATE ON GIVING THEIR PATIENTS THE BEST POSSIBLE CARE. WHILE ENJOYING THE BENEFITS OF EFFICIENT AND COST-EFFECTIVE BUSINESS MANAGEMENT. THEDACARE'S MAIN OPERATIONAL SERVICES INCLUDES A REFERENCE LABORATORY, TRANSCRIPTION SERVICES, BIOMEDICAL EQUIPMENT, MAINTENANCE, PLUS A MEDICAL REFERENCE LIBRARY, STAFF EDUCATION, AND PROFESSIONAL DEVELOPMENT PROGRAMS. MANY SENIOR CITIZENS SUBSCRIBE TO "LIFELINE", A MONITORED HELP/ALARM SYSTEM CONNECTED TO THEDACARE'S NURSE-STAFFED 24-HOUR CALL CENTER. THE CALL CENTER ALSO ANSWERS HEALTH QUESTIONS, HELPS PEOPLE LOCATED A PHYSICIAN, REFERS CALLERS TO ADDITIONAL SOURCES OF INFORMATION, AND ENROLLS CALLERS INTO COMMUNITY-FOCUSED CLASSES ON HEALTH-RELATED TOPICS. ADMINISTRATIVE SERVICES INCLUDE HUMAN RESOURCES, PAYROLL, PURCHASING, FINANCE AND ACCOUNTING, PRINTING, SERVICES FOR MEDICAL & ADMINISTRATIVE MATERIALS, ORGANIZATIONAL DEVELOPMENT, INTERNAL EDUCATION AND IMPROVEMENT SYSTEMS, QUALITY ASSURANCE FOR BOTH INTERNAL AND PUBLIC REPORTING, MARKETING, COMMUNITY OUTREACH AND EDUCATION PROGRAMS, COMMUNICATION SYSTEMS, SECURITY AND LEGAL COMPLIANCE, AND FULL-SPECTRUM INFORMATION TECHNOLOGY PLANNING & SUPPORT. THEDACARE OFFERS A VARIETY OF LONG-TERM CARE OPTIONS. THEDACARE AT HOME SERVES PEOPLE OF ALL AGES THROUGHOUT NORTHEAST AND CENTRAL WISCONSIN, INCLUDING ADULTS, CHILDREN, AND INFANTS. MOST HAVE SHORT-TERM SKILLED CARE OR REHABILITATION NEEDS FOLLOWING A HOSPITALIZATION OR ILLNESS. OTHERS NEED TEMPORARY OR ONGOING ASSISTANCE FOR CHRONIC CONDITIONS. THEDACARE ALSO OFFERS INDEPENDENT LIVING, ASSISTED LIVING, OR SKILLED CARE UNITS, AT THE HERITAGE, PEABODY MANOR, AND JULIETTE MANOR COMMUNITIES. CHERRY MEADOWS HOSPICE PROVIDES CARE FOR END-OF-LIFE RESIDENTS IN A DIGNIFIED, COMPASSIONATE ENVIRONMENT.

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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 $727,358
Program Service Revenue $351,438,418
Investment Income $51,088,482
Other Revenue $29,325,273
TOTAL REVENUE $432,579,531

Expense Breakdown

Grants Paid $1,194,515
Salaries & Benefits $341,400,031
Fundraising Expenses $0
Program Expenses $386,240,667
Other Expenses $152,588,167
TOTAL EXPENSES $495,182,713

Year-over-Year Comparison

2024 2023 Change
Revenue $432,579,531 $210,835,328 +1.1%
Expenses $495,182,713 $236,139,295 +1.1%
Net Income $-62,603,182 $-25,303,967 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
55

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
$12,763,807
Total Directors
8
$5,257,127
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK DALLAS CHAIRPERSON, BOARD MEMBER 1.0
Officer Director
$0 $0 $18,750
IMRAN ANDRABI MD President & CEO - System 11.0
Officer Director
$0 $647,039 $5,238,377
ALAN LOUX BOARD MEMBER 1.0
Director
$0 $0 $0
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 12.0
Officer
$0 $153,031 $761,992
MAGGIE LUND CHIEF CULTURE AND INTEGRATION OFFICER 12.0
Officer
$0 $62,717 $1,418,528
PAUL VAN DEN HEUVEL SECRETARY, BOARD MEMBER, CHIEF LEGAL OFFICER 12.0
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, TREASURER 11.0
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 $432,579,531 $495,182,713 $1,486,972,569 $-62,603,182
2024 No data No data No data No data
2023 $365,643,869 $500,558,723 $1,208,993,624 $-134,914,854
2022 $372,166,724 $412,618,147 $1,136,849,886 $-40,451,423
2021 $439,639,874 $397,371,471 $691,025,693 $42,268,403
2020 $356,821,046 $369,249,187 $920,144,650 $-12,428,141
2019 $398,205,794 $453,645,584 $865,028,252 $-55,439,790
2018 $338,349,418 $430,111,591 $832,833,769 $-91,762,173
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