2023-11-13T16:37:58-06:00 2022-12-31 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2022-01-01 390634758 WISCONSIN MEDICAL SOCIETY INC WISC 6084423800 PO BOX 1109 MADISON WI 53701 KRIS ROUG CONTROLLER 6084423800 2023-11-13 1 KRIS ROUG 999009999 0 LAWRENCE H MOHR CPA P00447603 6128764500 2023-10-31 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL FLESHER PO BOX 1109 MADISON WI 53701 2691130 0 X WWW.WISMED.ORG X 1841 WI TO IMPROVE THE HEALTH OF THE PEOPLE OF WISCONSIN BY SUPPORTING AND STRENGTHENING PHYSICIANS' ABILITY TO PRACTICE HIGH QUALITY PATIENT CARE IN A CHANGING ENVIRONMENT. 39 38 55 50 0 0 313327 82350 1888639 2147826 33670 -25082 220376 215767 2456012 2420861 1000 0 0 0 1959914 1981612 0 0 0 931393 840376 2892307 2821988 -436295 -401127 10299749 9185745 2533729 2185439 7766020 7000306 TO IMPROVE THE HEALTH OF THE PEOPLE OF WISCONSIN BY SUPPORTING AND STRENGTHENING PHYSICIANS' ABILITY TO PRACTICE HIGH QUALITY PATIENT CARE IN A CHANGING ENVIRONMENT. 0 0 THE MEMBERSHIP PROGRAM IS THE FOUNDATION OF THE SOCIETY. IT ENCOMPASSES THE GOVERNANCE OF THE SOCIETY THROUGH THE BOARD OF DIRECTORS AND CONVENING THE ANNUAL MEETING OF THE MEMBERS. POLICY DEBATE AND FORMULATION WILL CONVERT TO ONLINE FORUMS TO MAKE THE PROCESS MORE INCLUSIVE TO ALL MEMBERS. THE SOCIETY OFFERS EDUCATION PROGRAMS WHICH INCLUDE MEDICAL EDUCATION CREDITS. THE SOCIETY PRESENTS TIMELY AND RELEVANT EDUCATIONAL OPPORTUNITIES THROUGH RECURRING EVENTS SUCH AS LEADERSHIP TRAINING COLLABORATIONS AND THE CMO LEADERSHIP SUMMIT. THE SOCIETY WORKS IN STRONG ALLIANCE WITH ITS COUNTY MEDICAL SOCIETIES AND MAINTAINS AN ACTIVE PRESENCE IN THE AMERICAN MEDICAL ASSOCIATION. ADVOCACY IS A MAJOR PRESENCE FOR THE SOCIETY. THE SOCIETY HAS A STRONG VOICE AT THE STATE CAPITOL AND PARTICIPATES WITH THE AMERICAN MEDICAL ASSOCIATION AND OTHER NATIONAL ASSOCIATIONS WHEN APPROPRIATE AT THE FEDERAL LEVEL. STAFF MEMBERS FACILITATE BOTH IN-PERSON AND VIRTUAL FORUMS TO LISTEN TO THE DOCTORS' CONCERNS. THE SOCIETY ALSO MOBILIZES DOCTOR LEADERSHIP TO VISIT THE WISCONSIN STATE CAPITAL VIA ITS PARTICIPATION AND SUPPORT OF DOCTOR DAY ANNUALLY. A POLITICAL ACTION COMMITTEE AND CONDUIT ARE MAINTAINED TO OFFER SUPPORT TO LEGISLATIVE CAMPAIGNS TO HELP FIGHT FOR THE SOCIETY'S CONCERNS. STRATEGIC INITIATIVES ADDRESS CURRENT CRITICAL CONCERNS OF OUR MEMBERSHIP IN AREAS OF PHYSICIAN WELLNESS AND HEALTH, EMERGING PHYSICIAN LEADERSHIP TRAINING, AND HEALTH LITERACY AND MENTAL HEALTH INIATITIVES. IN ADDITION, THE CONTINUATION OF THE ANNUAL CMO SUMMIT BRINGS TOGETHER HEALTHCARE DECISION MAKERS TO TALK ABOUT THE CHALLENGES AND ADVANCED CARE PLANNING INITIATIVE CONTINUES TO PROTECT PATIENTS IN THEIR TIME OF NEED. THE EMPHASIS FOR THESE INITIATIVES IS TO CREATE VALUE FOR THE MEMBERS. 0 1 0 1 0 0 1 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 11 0 1 55 1 0 0 0 0 1 1 0 0 0 X 39 38 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X KRIS ROUG 6084423800 PO BOX 1109 MADISON WI 53701 CLYDE M CHUMBLEY PAST CEO (THRU 6/2022) 39.00 1.00 X X 133758 0 13454 MICHAEL FLESHER CEO (AS OF 6/2022) 39.00 1.00 X X 206455 0 18247 ALICIA C ARNOLD MD PAST PRESIDENT 2.00 X X 0 0 0 ERIK GUNDERSON MD PAST PRESIDENT (THRU 4/2022) 2.00 X X 0 0 0 WENDY MOLASKA MD PRESIDENT 2.00 X X 0 0 0 DON LEE MD PRESIDENT ELECT 2.00 X X 0 0 0 JERRY L HALVERSON MD CHAIRMAN OF THE BOARD 10.00 X X 0 0 0 PAUL A LARSON MD FACR VICE CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 JOHN COOK TREASURER 2.00 X X 15000 0 0 ADITYA SUKHWAL MD DIRECTOR 2.00 X 0 0 0 ALYSSA FLESICHMAN DIRECTOR 2.00 X 0 0 0 AMY DOHERTY MD DIRECTOR 2.00 X 0 0 0 ANALISE HANNAMAN MD DIRECTOR (THRU 4/2022) 2.00 X 0 0 0 ANDREW CALVIN MD DIRECTOR 2.00 X 0 0 0 ANDREW HUANG DIRECTOR (THRU 4/2022) 2.00 X 0 0 0 ANTHONY A OTTERS MD DIRECTOR 2.00 X 0 0 0 BIPIN THAPA MD DIRECTOR (THRU 4/2022) 2.00 X 0 0 0 BRADLEY BURMEISTER MD DIRECTOR 2.00 X 0 0 0 BRET PASIUK MD DIRECTOR 2.00 X 0 0 0 CHARLES RAINEY MD DIRECTOR 2.00 X 0 0 0 CINDY HART MD DIRECTOR 2.00 X 0 0 0 DONN DEXTER MD DIRECTOR 2.00 X 0 0 0 DOUGLAS REDING MD DIRECTOR 2.00 X 0 0 0 ERICA LARSON MD DIRECTOR 2.00 X 0 0 0 GURDESH S BEDI MD DIRECTOR (THRU 4/2022) 2.00 X 0 0 0 JENNIFER ZEMAN MD DIRECTOR 2.00 X 0 0 0 JOHN HARTMAN MD DIRECTOR (THRU 4/2022) 2.00 X 0 0 0 KENNETH KLEIN MD DIRECTOR 2.00 X 0 0 0 KENNETH PECHMAN MD DIRECTOR 2.00 X 0 0 0 KESHNI RAMNANAN MD DIRECTOR 2.00 X 0 0 0 KIERAN MCAVOY MD DIRECTOR 2.00 X 0 0 0 KYLE CASS DIRECTOR 2.00 X 0 0 0 LARRY GORDON MD DIRECTOR 2.00 X 0 0 0 LAUREL BESSEY MD DIRECTOR 2.00 X 0 0 0 LAURIE GESELL MD DIRECTOR 2.00 X 0 0 0 MARTHA BINN MD DIRECTOR 2.00 X 0 0 0 MICHAEL MCNAMARA DIRECTOR (THRU 4/2022) 2.00 X 0 0 0 MICHAEL WHITE MD DIRECTOR 2.00 X 0 0 0 MICHELLE L GRAHAM MD DIRECTOR 2.00 X 0 0 0 PAUL YEUNG MD DIRECTOR (THRU 4/2022) 2.00 X 0 0 0 ROANNE OSBORNE MD DIRECTOR 2.00 X 0 0 0 ROBERT SEDLAEK MD DIRECTOR 2.00 X 0 0 0 ROBYN BORGE MD DIRECTOR 2.00 X 0 0 0 THOMAS JOLES MC DIRECTOR 2.00 X 0 0 0 TOSHA WETTERNECK MD DIRECTOR 2.00 X 0 0 0 TRACY MCCALL MD DIRECTOR 2.00 X 0 0 0 WILLIAM H JOHNSTON III MD DIRECTOR 2.00 X 0 0 0 WILLIAM WESSELS MD DIRECTOR (THRU 4/2022) 2.00 X 0 0 0 CHARLES SHABINO MD DIRECTOR-EXOFFICIO 2.00 X 0 0 0 DAVID HOFFMANN MD DIRECTOR-EXOFFICIO 2.00 X 0 0 0 DEBORAH MURESAN PAST CAO (THRU 6/2022) 40.00 X 74053 0 9897 KRISTOPHER ROUG CONTROLLER (AS OF 6/2022) 40.00 X 73118 0 7744 MARK GRAPENTINE CHIEF ADVOCACY OFFICER 40.00 X 196537 0 28008 JAMES LORENCE CHIEF VALUE AND ENGAGEMENT 40.00 X 171242 0 27482 870163 0 104832 4 0 1 0 0 12000 70350 82350 MEMBERSHIP DUES 900099 2018651 2018651 CONTINUING MEDICAL EDU 611710 55116 55116 SHARED SERVICES RECOVE 561000 53340 53340 SEMINARS 541900 20719 20719 2147826 42279 42279 208719 208719 2808 0 2808 2808 2808 202908 225303 44966 -22395 -44966 -67361 -67361 MISCELLANEOUS REVENUE 900099 4240 4240 4240 2420861 2147826 0 190685 551726 950869 55582 259737 163698 63217 14599 7963 136036 10218 89484 202038 52795 34741 67652 4181 22680 25861 OUTSIDE SERVICES 62362 ASSOCIATION DUES 30714 CREDIT CARD FEES 15835 2821988 4024174 3852962 76797 112506 168736 157781 445195 400703 112139 44492 4043636 4012113 1874267 1005891 10299749 9185745 269736 222529 1355505 1044955 1393 0 25055 0 882040 917955 2533729 2185439 X 7766020 7000306 7766020 7000306 10299749 9185745 X -401127 -156349 -208238 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1940290 113459 -153614 -40155 252238 -292393 25370 0 445195 400703 44492 44492 1149232 C OTHER INVESTMENTS 1533 C INVESTMENTS IN SUBSIDIARIES 2861348 C 4012113 DEFERRED COMPENSATION PLAN 771082 DUE FROM AFFILIATES 233894 INCOME TAX RECEIVABLE 915 1005891 DEFERRED COMPENSATION PAYABLE 771082 ECONOMIC INJURY DISASTER LOAN PAYABLE 146873 917955 X 2056274 -364587 -364587 2420861 0 2420861 2821988 0 2821988 0 2821988 PART III, LINE 4: THE ARTWORK WAS DONATED TO THE ORGANIZATION. PART X, LINE 2: WMS, A WISCONSIN NONPROFIT CORPORATION, IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IF ANY. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50 PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. X X X X 0 0 0 MICHAEL FLESHER CEO (AS OF 6/2022) 206455 0 0 0 0 0 5379 0 12868 0 224702 0 0 0 MARK GRAPENTINE CHIEF ADVOCACY OFFICER 196537 0 0 0 0 0 6010 0 21998 0 224545 0 0 0 JAMES LORENCE CHIEF VALUE AND ENGAGEMENT 171242 0 0 0 0 0 5299 0 22183 0 198724 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A SECTION 7 OF THE BYLAWS STATES THAT THE COMPOSITION OF THE EXECUTIVE COMMITTEE IS THE PRESIDENT, THE PRESIDENT-ELECT, THE IMMEDIATE PAST PRESIDENT, THE CHAIR AND VICE CHAIR OF THE BOARD, THE CHAIR OF THE FINANCE COMMITTEE, THE CHAIR OF THE MEMBERSHIP COMMITTEE AND TWO (2) ADDITIONAL DIRECTORS FROM THE BOARD APPOINTED ANNUALLY BY THE BOARD CHAIR. THE BOARD CHAIR SHALL CHAIR THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL POSSESS AND MAY EXERCISE ALL THE POWERS OF THE BOARD BETWEEN MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A NON-STOCK CORPORATION WITH MEMBERS. THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION ELECT REPRESENTATIVES FROM THEIR RESPECTIVE DISTRICTS AND PRACTICE SECTIONS TO THE BOARD OF DIRECTORS WHICH HAS SUCCEEDED THE HOUSE OF DELEGATES AS THE POLICY MAKING BODY OF THE SOCIETY. FORM 990, PART VI, SECTION A, LINE 7B RESOLUTIONS ARE CONSIDERED BY THE BOARD AND DISTRIBUTED FOR RATIFICATION BY THE MEMBERSHIP IF ADOPTED OR REJECTED. MEMBERSHIP CAN CHALLENGE BOARD DECISIONS. IN 2024, THERE WILL BE A REFERENDUM QUESTION TO THE MEMBERSHIP ABOUT CONTINUING THIS PROCESS OR REVERT TO THE PREVIOUS METHOD OF GOVERNANCE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD OF DIRECTORS REVIEW THE FORM 990 PRIOR TO FILING THE FORM. THIS IS TYPICALLY DONE AT A MEETING OF THE BOARD. THE FILING IS ALSO REVIEWED BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES DIRECTORS, OFFICERS, COUNCIL CHAIRPERSONS AND KEY EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY THAT IDENTIFIES PARTNERSHIPS, AFFILIATIONS AND OTHER RELATIONSHIPS WITH HOSPITALS AND OTHER ORGANIZATIONS AND THE POSITION THAT THE REPORTING INDIVIDUAL HOLDS IN EACH ORGANIZATION OR VENTURE. THE CONFLICT OF INTEREST STATEMENT ALSO REQUIRES A LISTING OF PROFESSIONAL MEMBERSHIPS AND IMPOSES AN ONGOING OBLIGATION ON THE REPORTING INDIVIDUAL TO UPDATE THE CONFLICT OF INTEREST STATEMENT AS CIRCUMSTANCES CHANGE. THE OFFICE OF THE ORGANIZATION'S CEO RECEIVES, REVIEWS AND MAINTAINS THE CONFLICT OF INTEREST STATEMENT. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES REPORTING INDIVIDUALS TO PROMPTLY DISCLOSE ANY CONFLICT OF INTEREST THAT MIGHT ARISE AND TAKE STEPS TO PREVENT THE CONFLICT OF INTEREST FROM AFFECTING THE ORGANIZATION'S DECISIONS OR ACTIVITIES BY REFRAINING FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S EXECUTIVE COMMITTEE REVIEWS THE SALARY OF THE CEO IN TANDEM WITH THE CEO'S CONTRACT ON AN ANNUAL BASIS. VARIOUS MARKET RATES AND PAY AT SIMILAR ORGANIZATIONS ARE USED TO DETERMINE PAY RATES. THE ORGANIZATION'S FINANCIAL LEAD ALSO CONSULTS WITH THE CEO TO DETERMINE THE ANNUAL COMPENSATION OF ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL HONOR ANY REQUEST BY MEMBERS OF THE PUBLIC FOR INSPECTION OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. THE INSPECTION WOULD OCCUR AT THE ORGANIZATION'S PRIMARY PLACE OF BUSINESS. FORM 990, PART XI, LINE 9: INCOME FROM SUBSIDIARIES -369,452. INTERCOMPANY EQUITY ADJUSTMENT 161,214. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. WISCONSIN MEDICAL SOCIETY FOUNDATION INC 2450 RIMROCK ROAD SUITE 101 MADISON WI 53713 396045649 TO SUPPORT CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES & PROJECTS WI 501(C)(3) LINE 7 WISCONSIN MEDICAL SOCIETY INC 1 WISCONSIN MEDICAL SOCIETY HOLDINGS CORPORATION 2920 MARKETPLACE DRIVE SUITE 103 FITCHBURG WI 53719 391313705 SERVICE ORGANIZATION WI WISCONSIN MEDICAL SOCIETY INC C -368789 4321392 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 WISCONSIN MEDICAL SOCIETY HOLDINGS CORPORATION R 161214 AMOUNT OF NOTE WISCONSIN MEDICAL SOCIETY HOLDINGS CORPORATION Q 926684 AMOUNT PAID