Froedtert & the Medical College of Wisconsin

What it reported doing in 2024

As part of operating an acute care hospital and providing health care services to the community, other revenue is derived in the following areas: intercompany revenue - consists of revenue derived from medical and administrative services provided to the froedtert and medical college of Wisconsin community physicians, inc. (cp). Services include laboratory services, medical office building space, dietary services, and housekeeping services. All of these services support the delivery of healthcare to the community. Other department operating revenue - is 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 baby photo income, gift shop and small stones operations, medicall staff appreciation fees, hospice space, and class revenue. Dietary services - is 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 fwbh as an employer and it allows our staff to remain on site for patient care. Miscellaneous revenue - is 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 recycling revenue, nsf check charges, and taxable dietary sales. Rebates and discounts - is the result of volume purchases of patient care supplies and the result of using specific vendors or receiving a discount by paying invoices within a specific time period. Corporate allocated revenue - revenue based from ftch, a related party.

Financial Efficiency

• Mission deployment rate: 87.7%; rating input score 88
• Program expense ratio: 84.7%; rating input score 85
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 17th 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: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 76.9%; rating input score 77; 25th 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: -3.5%; rating input score 15; 15th percentile among comparable filings
• Total-asset coverage ratio: 0.54; rating input score 20; 20th percentile among comparable filings
• Liabilities to assets ratio: 0.09; rating input score 84; 84th percentile among comparable filings
• Officer compensation ratio: 0.7%; rating input score 80; 80th percentile among comparable filings

Growth

• Program expense growth: 3.1% per year; rating input score 100; 22nd percentile among comparable filings
• Revenue growth: 3.6% per year; rating input score 100; 28th percentile among comparable filings
• Asset growth: -3.1% per year; rating input score 0; 3rd percentile among comparable filings