Froedtert South

What it reported doing in 2024

Acute care hospital that provides inpatient, outpatient, and emergency care services to its community. 2024 charity care $4,469,756. Charity care is defined as free or discounted health services provided to those who cannot afford to pay and who meet all criteria for financial assistance. Charity care is based on actual costs, not charges, and does not include bad debt. Unreimbursed cost of public programs $38,190,739. Unreimbursed cost of public programs is defined as the shortfall experienced when payments received are below the cost of treating public beneficiaries through medicaid and other local public programs. Community health improvement services $518,354. Community health improvement services are defined as clinical and non-clinical services designed to improve community health, which are provided to the community for free or for fees that did not cover costs. Financial contributions $3,760. Financial contributions are defined as contributions, including cash, non-cash items such as food, furniture, equipment, supplies, and loaned staff for volunteer and charitable purposes, made to individuals, community groups, or nonprofit organizations for charitable purposes. Health professions education $4,700. Health professions education is defined as direct costs incurred for accredited training and education programs for physicians, nurses, allied health professionals and technicians (does not include ongoing education for staff). Community building activities $340,270. Community building activities are defined as programs that, while not directly related to health care, provide opportunities to address the root causes of health problems, such as poverty, homelessness, and environmental issues. Costs for these activities include cash and in-kind donations. Community benefit operations $1,410. Community benefit operations are defined as costs associated with dedicated staff and community health needs and/or assets assessment, as well as, other costs associated with community benefit strategy and operations. Total benefit to the community for 2024 $43,528,989.

Financial Efficiency

• Mission deployment rate: 85.5%; rating input score 86
• Program expense ratio: 90.3%; rating input score 90
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 28th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Pass
  • 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: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 61.5%; rating input score 62; 17th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 4.1%; rating input score 53; 53rd percentile among comparable filings
• Total-asset coverage ratio: 1.56; rating input score 55; 55th percentile among comparable filings
• Liabilities to assets ratio: 0.12; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 2.3%; rating input score 50; 50th percentile among comparable filings

Growth

• Program expense growth: 4.5% per year; rating input score 100; 35th percentile among comparable filings
• Revenue growth: 2.8% per year; rating input score 100; 20th percentile among comparable filings
• Asset growth: 5.9% per year; rating input score 100; 43rd percentile among comparable filings