Froedtert & the Medical College of Wisconsin

What it reported doing in 2024

EMERGENCY & TRAUMA CENTER, AND OTHER PROGRAM REVENUE Emergency and Trauma Center. FMLH has a community emergency department serving southeastern Wisconsin. They provide critical care, general emergency and minor care. FMLH is the only adult Level I Trauma Center in southeastern Wisconsin and supports the area's only air medical rescue program (Flight For Life) serving as a vital resource for the region. As a Level 1 trauma center we have: - Prompt availability of specialists in trauma surgery, orthopaedic surgery, neurosurgery, surgical critical care, and rehabilitation medicine to adequately respond to and care for various traumatic injuries. - Emergency Department staffed 24/7 by board-certified emergency physicians - Board certified trauma surgeons in-house and available 24/7 - Operating room dedicated solely to trauma patients - A State of the art Surgical Intensive Care Unit that provides life-saving care - A comprehensive injury prevention program providing education and outreach in the community - Professional education for physicians, nurses, emergency medical services personnel and physician liaisons - Conduct resident training in general surgery, orthopaedic surgery, neurosurgery and emergency medicine - Commitment to research to stay on the leading edge of the latest advances in trauma care Being a Level I status differentiates FMLH from all other hospitals and emergency departments in the region. During fiscal year 2025, Froedtert had 73,736 emergency visits and the Trauma Center evaluated 4,457 patients. Other Program Services Revenue As part of operating an acute care hospital and providing health care services to the community, other revenue is derived in the following areas: Other Department Operating Revenue - revenue derived from different services through the process of providing patient care and in the normal operation of a medical facility. Included in this category are items such as meaningful use revenue, pharmacy Revenue, medical staff application fees, and revenue from classes, pump rentals, and other wellness services. Dietary Revenue - revenue derived from cafeteria sales, vending machine sales, guest tray sales and employee meals. Dietary services are necessary to support services to patient families while their loved one is receiving care in the Hospital. The revenue from employee meals is a benefit provided by the Hospital as an employer and it allows our staff to remain on site for patient care. Corporate Allocated Revenue - revenue passed through from Froedtert Thedacare Health (FTCH), a related party. Intercompany Revenue - consists of revenue derived from medical and administrative services provided to the other FTCH entities. All of these services support the delivery of healthcare to the community. Miscellaneous Revenue - revenue derived from different services through the process of providing patient care in the normal operation of a medical facility. Included in this category are items such as rental revenue, parking revenue, research revenue, recycling revenue, taxable sales, and sale of medical records, and interest income.

Financial Efficiency

• Mission deployment rate: 78.6%; rating input score 79
• Program expense ratio: 83.8%; rating input score 84
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.5%; rating input score 98; 35th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 89.5%; rating input score 89; 37th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 6.2%; rating input score 61; 61st percentile among comparable filings
• Total-asset coverage ratio: 0.56; rating input score 21; 21st percentile among comparable filings
• Liabilities to assets ratio: 0.09; rating input score 84; 84th percentile among comparable filings
• Officer compensation ratio: 0.1%; rating input score 94; 94th percentile among comparable filings

Growth

• Program expense growth: 7.8% per year; rating input score 100; 63rd percentile among comparable filings
• Revenue growth: 7.5% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: 1.6% per year; rating input score 100; 13th percentile among comparable filings