SSM HEALTH CARE OF WISCONSIN INC (EIN 430688874) - Form 990 Financial Analysis & Trantor Score

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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

1956

Legal Domicile

Principal Officer

SUE ANDERSON

Phone

3149947800

Tax Period

2024-01-01 to 2024-12-31

SSM HEALTH CARE OF WISCONSIN INC, founded in 1956, is a major nonprofit in the Health Care sector that reported $770.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $666.7M left a modest 13% surplus.

Mission

PART OF AN INTEGRATED NETWORK PROVIDING HEALTH CARE IN SOUTH CENTRAL WISCONSIN OPERATING THREE HOSPITALS AND TWO SKILLED NURSING FACILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,671,167

Program Service Revenue $744,776,326

Investment Income $4,908,886

Other Revenue $18,866,599

TOTAL REVENUE $770,222,978

Expense Breakdown

Grants Paid $1,262,808

Salaries & Benefits $274,074,772

Fundraising Expenses $24,860

Program Expenses $587,195,037

Other Expenses $391,344,217

TOTAL EXPENSES $666,681,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$770,222,978	$830,633,830	-0.1%
Expenses	$666,681,797	$751,943,258	-0.1%
Net Income	$103,541,181	$78,690,572	+0.3%

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

3780

Volunteers

392

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

$10,849,755

Total Directors

$2,965,234

Key Employees

$6,593,135

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE ANDERSON	DIRECTOR, REGIONAL PRESIDENT	50.00	Officer Director	$1,377,728	$548,240	$1,925,968
WESLEY SPARKMAN	DIRECTOR, CHAIR	1.00	Officer Director	$0	$0	$0
WAYNE MATZKE	DIRECTOR, VICE CHAIR	1.00	Officer Director	$0	$0	$0
SR RHEA EMMER	DIRECTOR	1.00	Director	$0	$0	$0
PENG HER	DIRECTOR	1.00	Director	$0	$0	$0
MARK HOLZMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN KARSTEN	DIRECTOR	1.00	Director	$0	$0	$0
PATTI LEITZEN FYE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MASKEL MD	DIRECTOR, PHYSICIAN AT SSM HEALTH	1.00	Director	$0	$14,398	$160,266
THEODORE TED MILLER MD	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA OTTE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW POGODZINSKI MD	DIRECTOR, PHYSICIAN AT SSM HEALTH	1.00	Director	$0	$65,767	$879,000
STEVE SMOOT	VICE PRESIDENT, COO AT SSM HEALTH	1.00	Officer	$0	$1,119,698	$3,484,633
DOUGLAS LONG	SECRETARY, CLO AT SSM HEALTH	1.00	Officer	$0	$700,771	$2,287,921
THOMAS KIRSCHBAUM	ASST SEC, REG GENERAL COUNSEL	50.00	Officer	$0	$175,772	$737,267
MATT KINSELLA	REGIONAL VP FINANCE-WISCONSIN	50.00	Officer	$0	$175,077	$736,408
KEVIN SMITH	TREASURER, CFO AT SSM HEALTH	1.00	Officer	$0	$627,081	$1,677,558
DAWIT TESFASILASSIE	REGIONAL VP ACUTE CARE OPS	50.00	Key Emp	$578,283	$185,300	$763,583
KYLE NONDORF	REGIONAL VP ACUTE CARE	50.00	Key Emp	$757,276	$232,342	$989,618
ERIC THORNTON	HOSPITAL PRES ST. MARY'S MADISON	50.00	Key Emp	$538,837	$172,657	$711,494
DEANN THURMER	HOSPITAL PRES ST. CLARE	50.00	Key Emp	$0	$138,008	$590,144
JANE CURRAN-MEULI	HOSPITAL PRES ST. MARY'S JANESVILLE	50.00	Key Emp	$0	$178,076	$770,017
JASON CRAIG	REGIONAL VP AMBULATORY CARE	50.00	Key Emp	$460,616	$132,431	$593,047
AMY FRANTA	REG CHIEF CLINICAL OFFICER	50.00	Key Emp	$686,940	$220,758	$907,698
BRADLEY SCHMIDT	REG CHIEF MEDICAL OFFICER	50.00	Key Emp	$533,718	$164,486	$698,204
CAREN LEWIS	REG VP PATIENT CARE SVCS, CNO	50.00	Key Emp	$437,617	$131,713	$569,330
BRENT MEIER	REGIONAL VP SURGICAL & ACUTE CARE	40.00	Highest	$0	$166,950	$643,590
DAVID OTTENBAKER	REGIONAL VP PRIMARY CARE	40.00	Highest	$486,411	$101,499	$587,910
LARRY ELFMAN	REG CHIEF MEDICAL INFO OFFICER	40.00	Highest	$441,815	$99,743	$541,558
DAVID JARVIS	PHYSICIAN	40.00	Highest	$387,711	$59,250	$446,961
JAMIE PETZKE	PHYSICIAN	40.00	Highest	$363,717	$36,791	$400,508
RANDY COMBS	FORMER OFFICER	0.00		$0	$29,506	$1,483,527
LAURA KAISER	FMR OFF, PRESIDENT/CEO AT SSM HEALTH	0.00		$0	$2,681,148	$7,886,813
JENNIFER CULOTTA	FORMER KEY EMPLOYEE	40.00		$222,084	$9,716	$231,800
JEFF SHADICK	FORMER KEY EMPLOYEE	0.00		$0	$129,016	$485,109
KIMBERLY SPENCER	FORMER KEY EMPLOYEE	0.00		$0	$133,184	$539,405

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	$770,222,978	$666,681,797	$499,418,127	$103,541,181
2023	$830,633,830	$751,943,258	$559,104,700	$78,690,572
2022	$721,493,110	$649,028,099	$1,143,030,818	$72,465,011
2021	$730,468,515	$644,245,925	$1,194,680,759	$86,222,590
2020	$681,842,146	$572,953,235	$1,113,460,770	$108,888,911
2019	$685,753,056	$567,786,071	$905,718,695	$117,966,985
2018	$637,145,980	$552,975,324	$962,649,145	$84,170,656

SSM HEALTH CARE OF WISCONSIN INC