Froedtert ThedaCare Health Inc

EIN: 392014409 501(c)(3) Health Care

MILWAUKEE, WI

Total Revenue
$1,350,935,059
Total Expenses
$1,249,772,269
Total Assets
$5,818,878,671
Net Assets
$4,116,453,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
WI
Phone
4148053000
Tax Period
2024-07-01 to 2025-06-30

Froedtert ThedaCare Health Inc, founded in 2001, is a large national nonprofit in the Health Care sector that reported $1.4B in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.2B left a modest 7% surplus.

Mission

To advance the health of our communities through excellence and discovery, inspiring each person to live their unique, best life.

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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 $0
Program Service Revenue $1,244,975,273
Investment Income $88,082,950
Other Revenue $17,876,836
TOTAL REVENUE $1,350,935,059

Expense Breakdown

Grants Paid $0
Salaries & Benefits $613,860,775
Fundraising Expenses $0
Program Expenses $1,178,457,272
Other Expenses $635,911,494
TOTAL EXPENSES $1,249,772,269

Year-over-Year Comparison

2024 2023 Change
Revenue $1,350,935,059 $2,769,299,631 -0.5%
Expenses $1,249,772,269 $1,191,764,087 +0.0%
Net Income $101,162,790 $1,577,535,544 -0.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
16
Employees
23844
Volunteers
16

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
5
$9,820,007
Total Directors
17
$5,503,377
Key Employees
7
$15,588,695
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Imran Andrabi MD Director & CEO/President 34.0
Officer Director
$4,591,338 $647,039 $5,238,377
Jim Kotek Director & BOD V Chair 1.0
Officer Director
$22,500 $0 $22,500
Judson Snyder Director & BOD Chair 1.0
Officer Director
$35,000 $0 $35,000
Andre Fernandez Director (eff 9/26/24) 1.0
Director
$0 $0 $0
Christy L Brown Director (eff 7/1/24) 1.0
Director
$5,000 $0 $5,000
Chuck Dallas Director 1.0
Director
$18,750 $0 $18,750
David J Lubar Director 1.0
Director
$0 $0 $0
Jacquelyn Fredrick Director 1.0
Director
$23,750 $0 $23,750
Joan Prince PhD Director 1.0
Director
$25,000 $0 $25,000
John Ber Director 1.0
Director
$18,750 $0 $18,750
John Pfeifer Director 1.0
Director
$15,000 $0 $15,000
Kim Underhill Director 1.0
Director
$18,750 $0 $18,750
Kurt D Bechthold Director 1.0
Director
$20,000 $0 $20,000
Marc Chini Director 1.0
Director
$0 $0 $0
Mary Ellen Stanek Director 1.0
Director
$18,750 $0 $18,750
Robert Clarke Director 1.0
Director
$25,000 $0 $25,000
Terry Timm Director 1.0
Director
$18,750 $0 $18,750
Paul Van Den Heuvel Secr & Chief Legal Officer 42.0
Officer
$1,586,569 $80,399 $1,666,968
Scott Hawig Treasurer 48.0
Officer
$2,581,219 $275,943 $2,857,162
Allen Ericson CHD President 5.0
Key Emp
$1,114,216 $180,192 $1,294,408
Catherine Jacobson FTCH CEO (TERMED 6/30/24) 50.0
Key Emp
$5,240,519 $39,640 $5,280,159
Dale Gisi Sr VP ThedaCare Central Region 49.0
Key Emp
$954,900 $168,718 $1,123,618
Eric Humphrey FTCH Chief HR Officer (termed 8/27/24) 50.0
Key Emp
$2,539,244 $124,687 $2,663,931
Ian Schwartz MD Interim President FMLH 5.0
Key Emp
$2,007,880 $245,311 $2,253,191
Lynn Detterman Sr VP ThedaCare South Region 50.0
Key Emp
$1,372,556 $182,304 $1,554,860
Maggie Lund FTCH Chief HR Officer (eff 8/27/24) 42.0
Key Emp
$1,355,811 $62,717 $1,418,528
Amy Marquardt Sr VP, Chief Legal Officer 50.0
Highest
$2,645,257 $99,112 $2,744,369
David Olson Sr VP & Chief Strategy Officer 50.0
Highest
$2,070,602 $99,353 $2,169,955
Joshua Blomberg Doctor-Orthopedic Surgery 50.0
Highest
$1,585,150 $70,899 $1,656,049
Mark Thompson Chief Transformational Invest and Value Integ Off 50.0
Highest
$1,795,519 $80,354 $1,875,873
Thomas Arquilla Chief Growth Officer 50.0
Highest
$1,615,955 $73,345 $1,689,300
Eric Conley Former - Key (FMLH President) 50.0
$312,776 $89,968 $402,744
James Klauck Former - Key (Sr VP Ancillary Svcs) 50.0
$783,186 $149,999 $933,185
Jose Olivieri Former - Director 0.0
$15,000 $0 $15,000
Richelle Webb Dixon Former - Key (FMLH COO) 50.0
$310,863 $106,986 $417,849
Sony Jacob Former - Key (FTCH CIO) 50.0
$218,919 $69,403 $288,322
Teresa Lux Former - Key (CHD COO) 0.0
$822,992 $139,504 $962,496
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 $1,350,935,059 $1,249,772,269 $5,818,878,671 $101,162,790
2024 No data No data No data No data
2023 $1,101,803,802 $990,329,085 $3,376,180,624 $111,474,717
2022 $955,789,526 $843,708,052 $3,249,193,885 $112,081,474
2021 $881,324,652 $789,424,132 $3,415,179,967 $91,900,520
2020 $675,461,810 $620,086,121 $2,857,726,016 $55,375,689
2019 $598,788,309 $524,121,690 $2,635,413,479 $74,666,619
2018 $562,402,118 $487,045,921 $2,518,396,674 $75,356,197
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