ASCENSION MEDICAL GROUP-SOUTHEAST … - Form 990 Financial Data

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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

1993

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

ASCENSION MEDICAL GROUP-SOUTHEAST WISCONSIN INC, founded in 1993, is a major nonprofit in the Health Care sector that reported $229.4M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $349.9M exceeded revenue, resulting in a 53% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $278,738,715 Revenue: $227,899,515

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. ASCENSION MEDICAL GROUP-SOUTHEAST WISCONSIN, INC. IS A PHYSICIAN LED ORGANIZATION THAT PROVIDES PRIMARY AND SPECIALTY CARE SERVICES WITHOUT REGARD TO PATIENT RACE, CREED, NATIONAL ORIGIN, ECONOMIC STATUS, OR ABILITY TO PAY. DURING FY 2023, ASCENSION MEDICAL GROUP-SOUTHEAST WISCONSIN, INC. PROVIDED SERVICES FOR 787,777 OUTPATIENT VISITS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $871,770

Program Service Revenue $227,489,440

Investment Income $10,523

Other Revenue $1,020,755

TOTAL REVENUE $229,392,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,702,036

Fundraising Expenses $0

Program Expenses $278,738,715

Other Expenses $119,149,634

TOTAL EXPENSES $349,851,670

Year-over-Year Comparison

	2022	2021	Change
Revenue	$229,392,488	$207,135,845	+0.1%
Expenses	$349,851,670	$337,214,050	+0.0%
Net Income	$-120,459,182	$-130,078,205	-0.1%

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

N/A

Employees

1546

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

$2,971,840

Total Directors

$6,386,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	SECRETARY/TREASURER (START 10/2022)	0.0	Officer Director	$0	$28,899	$418,164
N/A	CHAIR (END 4/2023)	0.0	Officer Director	$0	$43,362	$317,400
N/A	INTERIM PRESIDENT (START 11/2022)	0.0	Officer Director	$0	$46,106	$539,284
N/A	VICE CHAIR/PHYSICIAN	50.0	Officer Director	$386,706	$41,580	$428,286
N/A	PRESIDENT (END 11/2022)	0.0	Officer Director	$0	$19,551	$586,203
N/A	DIRECTOR	0.0	Director	$0	$46,587	$676,395
N/A	DIRECTOR	0.0	Director	$0	$21,218	$149,983
N/A	DIRECTOR (END 9/2022)	0.0	Director	$0	$40,554	$1,271,038
N/A	DIRECTOR/PHYSICIAN	50.0	Director	$342,994	$16,842	$359,836
N/A	DIRECTOR (END 3/2023)	0.0	Director	$0	$55,468	$1,146,845
N/A	DIRECTOR (END 11/2022)	0.0	Director	$0	$41,292	$493,466
N/A	CFO, MINISTRY MARKET/INTERIM CEO, MINISTRY MARKET (START 5/2023)	0.0	Officer	$0	$47,771	$682,503
N/A	PHYSICIAN	50.0	Highest	$822,194	$46,937	$869,131
N/A	PHYSICIAN	50.0	Highest	$844,645	$50,582	$895,227
N/A	PHYSICIAN	50.0	Highest	$884,803	$32,321	$917,124
N/A	PHYSICIAN	50.0	Highest	$994,141	$54,118	$1,048,259
N/A	PHYSICIAN	50.0	Highest	$860,388	$32,005	$892,393
N/A	FORMER OFFICER (END 9/2021)	0.0		$0	$54,290	$1,343,939

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$229,392,488	$349,851,670	$85,515,957	$-120,459,182
2022	$207,135,845	$337,214,050	$87,261,142	$-130,078,205
2021	$197,316,646	$314,002,507	$90,094,194	$-116,685,861
2020	$198,223,554	$331,073,134	$61,223,571	$-132,849,580
2019	$200,178,718	$304,097,779	$57,095,014	$-103,919,061
2018	$209,019,827	$247,978,838	$52,638,320	$-38,959,011

ASCENSION MEDICAL GROUP-SOUTHEAST WISCONSIN INC