ThedaCare Medical Center - Shawano Inc

What it reported doing in 2024

Thedacare is a tax-exempt, non-profit corporation, as described in section 501(c)(3) of the internal revenue code. Thedacare medical center-shawano is a 25-bed critical access hospital serving shawano and nearby communities. There are more than 300 team members located at the shawano campus. Thedacare medical center-shawano provides patient care and support services including diagnostic services such as x-ray, ultrasound, mri, ct scan, mammography and medical laboratory testing and specialty services such as cancer care, cardiovascular care, orthopedic care, spine, neurology, family birth care, internal medicine, emergency, occupational health, pulmonology, urology, women's care, outpatient surgery and therapy services. In addition, we offer and convenient walk-in care, and e-visits for enhanced community access to healthcare. Effective january 1, 2024, thedacare medical center - shawano is part of froedtert thedacare health, inc. Continuing its commitment to patient health and community wellbeing, we offer public awareness campaigns, charity care, support groups, and education programs targeted to local community needs. Thedacare is committed to community focused efforts identified in the community health needs assessment in counties (shawano and menominee) where services are provided. Efforts include partnerships with local governments, community partners, and area health organizations to address the top health priorities identified in its most recent chna. Thedacare provides scholarships, charity care, interpreting and educational services and various other community benefits. Thedacare operates on a non-discriminatory basis regardless of race, color, sex, religion, or national origin. Thedacare provides a variety of financial assistance options to patients who meet established criteria. Services are also provided to both medicare and medicaid patients at substantial discounts from standard fees.

Financial Efficiency

• Mission deployment rate: 69.9%; rating input score 70
• Program expense ratio: 83.2%; rating input score 83
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 87.5%; rating input score 88; 34th 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: 16%; rating input score 83; 83rd percentile among comparable filings
• Total-asset coverage ratio: 1.94; rating input score 62; 62nd percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 77; 77th percentile among comparable filings
• Officer compensation ratio: 1.4%; rating input score 66; 66th percentile among comparable filings

Growth

• Program expense growth: 6.3% per year; rating input score 100; 51st percentile among comparable filings
• Revenue growth: 7.4% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: 9% per year; rating input score 100; 64th percentile among comparable filings