Skip to the page content
Your donations
Passes our checks

Froedtert Thedacare Health Inc

EIN 39-2014409 · Milwaukee, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood81 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

To advance the health of our communities through excellence and discovery, inspiring each person to live their unique, best life.

Income
$1.4 billion
Spending
$1.2 billion
Spent on programs
94%
Reserves
36.6 months of spending
Largest source of income
fees for its services, 92%
Employees
23,844
Volunteers
16
Highest pay
$5.3 million, ftch ceo (termed 6/30/24)

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 81 out of 100. Higher than 73% of charities in its peer group (health care, over $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 36.6 months of spending.

  • Debt

    16 of 20

    It owes 29% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 7% of income.

  • Income trend

    0 of 15

    Income fell 51% on the year before.

  • Spending floor

    15 of 15

    94% of spending went to programs.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 53% of charities in its peer group (health care, over $100m).

  • Independent board

    25 of 25

    16 of 17 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $447.1 million spent. HEALTH CARE MANAGEMENT SERVICES IN SUPPORT OF FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC., COMMUNITY MEMORIAL HOSPITAL OF MENOMONEE FALLS, INC., ST. JOSEPH'S COMMUNITY HOSPITAL OF WEST BEND, INC., HOLY FAMILY MEMORIAL, INC., FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL, FROEDTERT HEALTH PHARMACY SOLUTIONS, FROEDTERT HEALTH HOME INFUSION, VERTU RX, FROEDTERT HEALTH PHARMACY, FROEDTERT WORKFORCE HEALTH, NATIONAL LABORATORY NETWORK, FROEDTERT NORTHEAST MEDICAL GROUP, AND FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS. (Expenses $ 213,506,790 including grants of $ 0)(Revenue $ 255,724,461) IT SUPPORT EXPENSE - 99,343,845 INPATIENT EXPENSE - 3,144,750 EMERGENCY DPT EXPENSE - 111,018,195 TOTAL OTHER EXPENSE - 213,506,790 IT SUPPORT REVENUE - 99,343,845 INPATIENT REVENUE - 3,915,895 EMERGENCY DPT REVENUE - 138,241,894 INHERENT CONTRIBUTION FROM THEDACARE - 2,395,607 JT VENTURE REVENUE - 11,827,220 TOTAL OTHER REVENUE - 255,724,461
  2. $282.4 million spent. HUMAN RESOURCE/STAFF SUPPORT TO FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC., COMMUNITY MEMORIAL HOSPITAL OF MENOMONEE FALLS, INC., ST. JOSEPH'S COMMUNITY HOSPITAL OF WEST BEND, INC., HOLY FAMILY MEMORIAL, INC., FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL, FROEDTERT HEALTH PHARMACY SOLUTIONS, FROEDTERT HEALTH HOME INFUSION, VERTU RX, FROEDTERT HEALTH PHARMACY, FROEDTERT WORKFORCE HEALTH, FROEDTERT NORTHEAST MEDICAL GROUP, AND FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS.
  3. $235.4 million spent. OUTPATIENT REVENUE AND EXPENSE OF FROEDTERT NEIGHBORHOOD HOSPITAL, FROEDTERT HEALTH HOME INFUSION, FROEDTERT HEALTH PHARMACY, AND FROEDTERT NORTHEAST MEDICAL GROUP. (Expenses $ 213,506,790 including grants of $ 0)(Revenue $ 255,724,461) IT SUPPORT EXPENSE - 99,343,845 INPATIENT EXPENSE - 3,144,750 EMERGENCY DPT EXPENSE - 111,018,195 TOTAL OTHER EXPENSE - 213,506,790 IT SUPPORT REVENUE - 99,343,845 INPATIENT REVENUE - 3,915,895 EMERGENCY DPT REVENUE - 138,241,894 INHERENT CONTRIBUTION FROM THEDACARE - 2,395,607 JT VENTURE REVENUE - 11,827,220 TOTAL OTHER REVENUE - 255,724,461
  4. $213.5 million spent. IT SUPPORT EXPENSE - 99,343,845 INPATIENT EXPENSE - 3,144,750 EMERGENCY DPT EXPENSE - 111,018,195 TOTAL OTHER EXPENSE - 213,506,790 IT SUPPORT REVENUE - 99,343,845 INPATIENT REVENUE - 3,915,895 EMERGENCY DPT REVENUE - 138,241,894 INHERENT CONTRIBUTION FROM THEDACARE - 2,395,607 JT VENTURE REVENUE - 11,827,220 TOTAL OTHER REVENUE - 255,724,461

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2001.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.