Overview
What is Froedtert Memorial Lutheran Hospital Inc?
Froedtert Memorial Lutheran Hospital Inc, based in the health network of Froedtert and the Medical College of Wisconsin, is a nonprofit organization that serves diverse communities through exceptional care enhanced by innovation. With three hospitals, over 25 locations, and more than 2,000 physicians, they provide comprehensive healthcare services to a broad population. Their commitment is to advance the health of the communities they serve, going beyond the standards of care by integrating innovation and discovery in their practices.
Official website here: www.froedtert.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Froedtert Memorial Lutheran Hospital Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong accountability and finance practices. The organization scored 96% for its overall accountability and finance score, which indicates that it effectively manages its financial resources and adheres to high transparency standards. The metrics contributing to this score include a significant number of independent board members and a robust audit and oversight committee.
The organization demonstrates a commendable commitment to best practices in governance, with 85% of its board members being independent. Additionally, the hospital has implemented policies related to conflict of interest, whistleblowing, and document retention, all of which contribute to its accountability. The financial health of the organization is further exemplified by a low liabilities-to-assets ratio of 11.64% and an impressive program expense ratio of 82.30%, indicating that a substantial portion of its resources is directed toward its mission-driven programs.
While the ratings reflect a strong financial position and governance structure, potential donors or stakeholders may wish to consider the broader impact of its programs and services, as these aspects are not covered in the accountability score. Overall, Froedtert Memorial Lutheran Hospital Inc stands out as a financially responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Froedtert Memorial Lutheran Hospital Inc legitimate?
Froedtert Memorial Lutheran Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Froedtert Memorial Lutheran Hospital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $548,067,327
For more financial information, click here
Official website here: www.froedtert.com
What is the mission statement of Froedtert Memorial Lutheran Hospital Inc?
Froedtert Memorial Lutheran Hospital Inc strives to enhance the health of the diverse communities it serves through exceptional care, backed by innovation and discovery. The organization's mission is to make a difference in people's lives by providing top-notch healthcare services, fueled by continuous advancements and new discoveries. With a network consisting of multiple hospitals, numerous locations, and over 2,000 physicians, Froedtert Memorial Lutheran Hospital Inc is dedicated to delivering healthcare solutions that cater to the needs of a diverse population. The focus on exceptional care and innovation sets the organization apart, enabling it to serve its communities effectively and compassionately.
Official website here: www.froedtert.com
Who is the CEO of Froedtert Memorial Lutheran Hospital Inc?
Catherine Jacobson is the CEO of Froedtert Memorial Lutheran Hospital Inc The CEO's salary of Froedtert Memorial Lutheran Hospital Inc is $0 and their total compensation is $6,191,269.
Official website here: www.froedtert.com
What is the revenue of Froedtert Memorial Lutheran Hospital Inc?
Froedtert Memorial Lutheran Hospital Inc's revenue in 2024 was $2,686,528,098.
Official website here: www.froedtert.com
Who are the executives of Froedtert Memorial Lutheran Hospital Inc and what are their salaries?
There 225 volunteers at Froedtert Memorial Lutheran Hospital Inc.
Here are 23 key members and their salaries (Froedtert Memorial Lutheran Hospital Inc's CEO's salary is $0 and their total compensation is $6,191,269):
- Compensation: $0
- Related: $875,006
- Other: $174,074
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- Other: $0
- Compensation: $0
- Related: $1,403,238
- Other: $212,976
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $5,872,993
- Other: $318,276
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $380,268
- Other: $81,690
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $416,956
- Other: $71,989
- Compensation: $0
- Related: $368,327
- Other: $26,864
- Compensation: $0
- Related: $196,046
- Other: $12,200
Official website here: www.froedtert.com
Where can I find the form 990 for Froedtert Memorial Lutheran Hospital Inc?
Froedtert Memorial Lutheran Hospital Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.froedtert.com
Learn more at the official website: www.froedtert.com
Mission Statement of Froedtert Memorial Lutheran Hospital Inc
Froedtert Memorial Lutheran Hospital Inc, a leading healthcare provider, is dedicated to advancing the health of diverse communities through exceptional care enhanced by innovation and discovery. The organization's mission is geared toward delivering top-notch healthcare services that cater to the unique needs of various populations.
Located at the heart of a dynamic health network, Froedtert Memorial Lutheran Hospital Inc brings together three hospitals, over 25 locations, and more than 2,000 physicians. This robust infrastructure enables the hospital to offer comprehensive and accessible healthcare services to the communities it serves. The team of healthcare professionals and experts at Froedtert Memorial Lutheran Hospital Inc are committed to providing personalized care that goes beyond medical treatments, focusing on the overall well-being of their patients.
The hospital's dedication to quality care is underpinned by its unwavering commitment to innovation and discovery. By consistently exploring new approaches and technologies, Froedtert Memorial Lutheran Hospital Inc strives to deliver the most advanced healthcare services to its patients. This relentless pursuit of excellence allows the organization to stay at the forefront of healthcare advancements and make a significant impact on the lives of the people it serves.
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Impact
October, 2024
Froedtert Memorial Lutheran Hospital Inc plays a significant role in enhancing the health of diverse communities in Milwaukee, Wisconsin. By providing exceptional medical care supported by a network that includes three hospitals and over 25 locations, it serves as a vital healthcare resource for its community. The hospital is staffed by more than 2,000 physicians who are dedicated to innovative practices in medicine. This commitment to advanced healthcare not only addresses immediate medical needs but also fosters ongoing health improvements and contributes to the overall well-being of the population it serves. Through a combination of quality care, innovation, and a focus on community health, Froedtert Memorial Lutheran Hospital Inc makes a lasting impact on the healthcare landscape in the region.
This information is meant to be a general summary of Froedtert Memorial Lutheran Hospital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $123,744
- Program Service Revenue: $2,583,347,647
- Gross Receipts: $2,686,717,486
Assets and Liabilities:
- Total Assets: $1,225,759,728
- Total Liabilities: $174,484,378
- Net Assets: $1,051,275,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOSPITAL OUTPATIENT
Revenue
$1,309,984,004
HOSPITAL INPATIENT
Revenue
$1,122,027,432
MEDICAL EDUCATION
Revenue
$81,150,694
TRAUMA
Revenue
$70,185,517
Organization Details
Founding Year
1980
Phone
(414) 805-3000Principal Officer
Adam Smith
Main Address
9200 W WISCONSIN AVENUE, MILWAUKEE, WI, 53226
Website
www.froedtert.comNTEE Category
Code: E21 - Health
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