2025-05-13T14:16:18-05:00 2024-06-30 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2023-07-01 391824445 University of Wisconsin Medical Foundation Inc UNIV 6082657131 7974 UW Health Court Middleton WI 53562 Jodilynn Vitello VP of Finance 6082657131 2025-05-08 1 1 Rebekuh Eley P01247672 3126343400 2025-05-08 2023 2025-03-06 01:10:19Z Alan Kaplan MD 7974 UW Health Court Middleton WI 53562 1482243803 0 X www.uwhealth.org X 1995 WI University of Wisconsin Medical Foundation (UWMF) supports the teaching, research and service missions of the University of Wisconsin School of Medicine and Public Health by promoting the delivery of excellent and innovative patient care by faculty and staff who serve local, regional, national and international populations. 15 4 5564 4 124410 93817 250080001 361676326 969330241 1055734345 7176490 16128903 5463101 6405094 1232049833 1439944668 56443366 56542758 0 0 844154444 927665717 0 0 0 369059899 427325333 1269657709 1411533808 -37607876 28410860 747364436 841144852 379419622 430809738 367944814 410335114 X University of Wisconsin Medical Foundation (UWMF) supports the teaching, research and service missions of the University of Wisconsin School of Medicine and Public Health by promoting the delivery of excellent and innovative patient care by faculty and staff who serve local, regional, national and international populations. 0 0 1130460106 113028 1058019022 Funding allocated to provide healthcare for the benefit of, and in support of, the purpose of the University of Wisconsin School of Medicine and Public Health. Delivery of patient care serving local, regional, national, and international populations. 245251046 45965034 Funding provided to support the teaching/academic mission and support the University of Wisconsin School of Medicine and Public Health. 10373044 10373044 Funding allocated to provide medical research for the benefit of, and in support of, the purpose of the University of Wisconsin School of Medicine and Public Health. 91652 91652 Other Program Revenue and Expenses allocated to provide medical education for the benefit of and in support of the purpose of the University of Wisconsin School of Medicine and Public Health. 91652 91652 1386175848 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 5564 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 15 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 IL X Robert W Flannery SVPCFO 6082657131 7974 UW Health Court Middleton WI 53562 Alan Kaplan MD Chairman of the Board 1.00 39.00 X X 0 3229029 982987 Petros Anagnostopoulos MD Director 1.00 39.00 X 1492775 0 67428 Rebecca Minter MD Director 1.00 39.00 X 1114330 0 67428 Stephen Nakada MD Director 1.00 39.00 X 1156008 0 17928 Kelly McQueen MD Director 1.00 39.00 X 663051 0 66055 Lynn Schnapp MD Director 1.00 39.00 X 681618 0 34000 Elizabeth Trowbridge MD Director 1.00 39.00 X 428392 0 52715 Sarah McAchran MD Director 1.00 39.00 X 394949 0 66055 Kelsie Doty CAO 40.00 0.00 X X 381038 0 67919 Jamie Hess MD President 1.00 39.00 X X 299834 0 59263 Sandra Kamnetz MD Director 1.00 39.00 X 161991 0 25364 Ronald Anderson Director 1.00 0.00 X 0 0 0 Deb Archer Director 1.00 0.00 X 0 0 0 George Kamperschroer Director 1.00 0.00 X 0 0 0 Pablo Sanchez Director 1.00 0.00 X 0 0 0 Kelly Wilson Secretary 1.00 39.00 X 0 1026186 182678 Jodi Vitello Treasurer 1.00 39.00 X 0 627188 99413 Patti Meyer Assistant Secretary 1.00 39.00 X 121229 0 23866 Patti Hutter Assistant Secretary 1.00 39.00 X 576774 0 97354 Mary Link Assistant Secretary 1.00 39.00 X 579791 0 99752 Peter Newcomer Medical Director 1.00 39.00 X 1321808 0 266238 Mustafa Baskaya Physician 39.00 1.00 X 1595531 0 66055 Katherine Gast Physician 39.00 1.00 X 1475734 0 66055 Geoffrey Baer Physician 39.00 1.00 X 1386054 0 66055 Azam Ahmed Physician 39.00 1.00 X 1334569 0 66555 Robert Dempsey Physician 39.00 1.00 X 1257293 0 66025 Robert Flannery Former CAO 40.00 0.00 X 1211835 0 220608 Nizar Jarjour Former President 39.00 1.00 X 496362 0 61931 18130966 4882403 2889727 2137 1 1 1 0 360107237 1569089 361676326 Patient Services 621111 797773493 797773493 Premium Revenue 900099 256720096 256720096 Medicare QPP Incentive 900099 8947 8947 1231809 1231809 1055734345 14115121 13812 14101309 2788768 155 2788613 2788613 110598 2678015 42141797 333735 40461750 0 1680047 333735 2013782 2013782 4121907 1837230 2284677 2284677 Legal Revenue 900099 396056 396056 935748 935748 1331804 1439944668 1058019022 124410 20124910 56542758 56542758 7215682 5379118 1836564 800120904 779925240 20195664 21868120 21868120 62162708 62162708 36298303 36298303 44555811 43455917 1099894 132372 132372 24480711 24480711 68164 68164 2150339 2150339 746545 746545 25749453 25749453 1624884 1624884 8117818 8117818 2093466 2093466 23726193 23726193 1938503 1938503 Reimb. of Med School Ex 199286013 199286013 Drugs and Patient Care 79449850 79449850 Due and Subscriptions 1599888 1599888 Income Tax 19570 19570 11585753 11585753 1411533808 1386175848 25357960 0 239460926 234714854 93534182 96744738 4926185 5266571 859290 785824 216408202 121312846 100395422 95095356 195498422 213620977 59586539 59521807 53103470 135394725 747364436 841144852 148244944 139850826 630277 781973 14950000 12165000 215594401 278011939 379419622 430809738 X 367944814 410335114 367944814 410335114 747364436 841144852 X 28410860 10831615 3147825 X 0 1 X 1 0 X 158164850 218103907 244896888 250080001 361676326 1232921972 783958482 823149896 905241943 972682097 1059856252 4544888670 942123332 1041253803 1150138831 1222762098 1421532578 5777810642 0 0 0 5777810642 8285122 6713847 6035080 13017361 16779324 50830734 8285122 6713847 6035080 13017361 16779324 50830734 632582 129341 182983 180101 93817 1218824 798942 870848 2050446 921422 1331804 5973462 951839978 1048967839 1158407340 1236880982 1439737523 5835833662 0.99010 0.99090 0.00870 0.00780 X Schedule A, Part III, Line 12, Explanation of Other Income: Other Non-Program Revenue - 2019 Amount: $ 798,942. 2020 Amount: $ 510,567. 2021 Amount: $ 1,884,660. 2022 Amount: $ 921,422. 2023 Amount: $ 1,331,804. Income Tax Refund - 2020 Amount: $ 360,281. 2021 Amount: $ 165,786. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9376346 9376346 81353044 40206724 41146320 13084628 9719500 3365128 55233928 49732978 5500950 57360256 21653644 35706612 95095356 University Health Care, Inc. 48980348 F Chartwell Wisconsin Enterprises 4365727 F Wisconsin Dialysis, Inc. 2188295 F Wisconsin Sleep, Inc. 2031007 F Transformation Surgery Center, Inc. 513710 F Generations Fertility Care, Inc. 1442720 F 59521807 Due From Related Organizations 122969181 Other Accounts Receivable 10731489 Executive Deferred Compensation 1420056 Lease Receivable 273999 135394725 Due to Related Organizations 242027755 Executive Deferred Compensation 1420056 Lease Lability - Long-Term 28042601 Lease Lability - Short-Term 6268608 Deferred Inflow 252919 278011939 1 UW School of Medicine and Public Health 750 Highland Avenue Madison WI 53705 396006492 State of Wisconsin 45965034 0 Support Functions of the Medical School University of Wisconsin Foundation 1848 University Avenue Madison WI 53708 390743975 501(c)(3) 10373044 0 Research Support Orthopaedic Research and Education Foundation 9400 W Higgins Road Suite 215 Rosemont IL 60018 366009467 501(c)(3) 29000 0 Support Functions of the Organization One City Schools 1707 W Broadway Madison WI 53713 112617163 501(c)(3) 15000 0 Support Functions of the Organization Combat Blindness International PO Box 5332 Madison WI 53705 391531546 501(c)(3) 10000 0 Support Functions of the Organization Health Native Community Partnerships Inc PO Box 1019 Shiprock NM 87420 261334783 501(c)(3) 9500 0 Support Functions of the Organization American Pediatric Society 9303 New Trails Drive Suite 350 The Woodlands TX 77381 166078165 501(c)(3) 8500 0 Support Functions of the Organization The Foundation for Black Women's Wellness PO Box 259831 Madison WI 53725 460832901 501(c)(3) 7577 0 Support Functions of the Organization The Arnold P Gold Foundation 619 E Palisade Ave Englewood Cliffs NJ 076321812 223052098 501(c)(3) 7000 0 Support Functions of the Organization YWCA Madison 101 E Mifflin Street Madison WI 53703 390806303 501(c)(3) 5075 0 Support Functions of the Organization 10 0 Part I, Line 2: The grant schedule for UW School of Medicine is based on an agreement at a fixed amount. UWMF makes a contribution to UW Foundation for R&D based on agreed upon levels of funding. X X X 0 1 0 0 0 0 0 0 0 Alan Kaplan MD Chairman of the Board 0 1900400 0 1085257 0 243372 0 927300 0 55687 0 4212016 0 220000 Mustafa Baskaya Physician 1595531 0 0 0 0 0 66000 0 55 0 1661586 0 0 0 Peter Newcomer Medical Director 973689 0 348119 0 0 0 264810 0 1428 0 1588046 0 0 0 Petros Anagnostopoulos MD Director 1492775 0 0 0 0 0 66000 0 1428 0 1560203 0 0 0 Katherine Gast Physician 1475734 0 0 0 0 0 66000 0 55 0 1541789 0 0 0 Geoffrey Baer Physician 1386054 0 0 0 0 0 66000 0 55 0 1452109 0 0 0 Robert Flannery Former CAO 871949 0 333874 0 6012 0 180863 0 39745 0 1432443 0 0 0 Azam Ahmed Physician 1334569 0 0 0 0 0 66000 0 555 0 1401124 0 0 0 Robert Dempsey Physician 1257293 0 0 0 0 0 66000 0 25 0 1323318 0 0 0 Kelly Wilson Secretary 0 692752 0 267409 0 66025 0 149754 0 32924 0 1208864 0 66025 Rebecca Minter MD Director 1114330 0 0 0 0 0 66000 0 1428 0 1181758 0 0 0 Stephen Nakada MD Director 1156008 0 0 0 0 0 16500 0 1428 0 1173936 0 0 0 Kelly McQueen MD Director 663051 0 0 0 0 0 66000 0 55 0 729106 0 0 0 Jodi Vitello Treasurer 0 359403 0 94860 0 172925 0 61630 0 37783 0 726601 0 168962 Lynn Schnapp MD Director 681618 0 0 0 0 0 33000 0 1000 0 715618 0 0 0 Mary Link Assistant Secretary 312975 0 92755 0 174061 0 57990 0 41762 0 679543 0 158256 0 Patti Hutter Assistant Secretary 314205 0 92755 0 169814 0 57990 0 39364 0 674128 0 164358 0 Nizar Jarjour Former President 496362 0 0 0 0 0 61895 0 36 0 558293 0 0 0 Elizabeth Trowbridge MD Director 424155 0 673 0 3564 0 51680 0 1035 0 481107 0 0 0 Sarah McAchran MD Director 394949 0 0 0 0 0 66000 0 55 0 461004 0 0 0 Kelsie Doty CAO 266535 0 69246 0 45257 0 52028 0 15891 0 448957 0 41900 0 Jamie Hess MD President 299834 0 0 0 0 0 59208 0 55 0 359097 0 0 0 Sandra Kamnetz MD Director 161991 0 0 0 0 0 25328 0 36 0 187355 0 0 0 Part I, Line 4b Several members of the board participate in supplemental, non-qualified retirement plans through University of Wisconsin Medical Foundation, or related organizations. Those individuals participate in a 457(f) plan. In 2023, the following employer contributions were made: - Kelsie Doty $9,349 - Robert Flannery $138,184 - Alan Kaplan $901,890 - Jodi Vitello $36,220 - Kelly Wilson $124,344 - Peter Newcomer $198,810 - Patti Hutter $32,580 - Mary Link $32,580 In 2023, the following employer distributions were made: - Kelsie Doty $41,900 - Alan Kaplan $220,000 - Jodi Vitello $168,962 - Kelly Wilson $66,025 - Patti Hutter $164,358 - Mary Link $158,256 Part II, Column B: Certain individuals received compensation from the University of Wisconsin School of Medicine and Public Health, an unrelated organization, for their services as physicians or professors. The following individuals have this compensation reported on Schedule J, Part II, Column b(i): - Petros Anagnostopoulos $77,319 - Mustafa Baskaya $86,332 - Jamie Hess $63,004 - Sandra Kamnetz $60,679 - Rebecca Minter $279,001 - Stephen Nakada $248,791 - Peter Newcomer $200,439 - Lynn Schnapp $230,574 - Elizabeth Trowbridge $218,592 - Katherine Gast $55,791 - Nizar Jarjour $248,782 - Sarah McAchran $79,876 - Robert Dempsey $185,525 - Kelly McQueen $208,665 - Azam Ahmed $63,977 - Geoffrey Baer $65,979 Form 990, Part VI, Section A, line 6 The sole member of the Organization is the University of Wisconsin Hospitals and Clinics Authority. Form 990, Part VI, Section A, line 7a The sole member of the Organization has the power to approve Faculty and Chair directors nominated for the Board. Form 990, Part VI, Section A, line 7b The sole member of the Organization has the overall rights to govern, direct, and oversee the property, funds, business, and affairs of the Organization except when reserved to the Board of Directors. Form 990, Part VI, Section B, line 11b Form 990 is completed by the Organization's External Accounting Firm. Key Finance employees review the Form 990 to determine it is complete and accurate. The return is provided to the members of the board of directors before filing. The return is submitted for filing with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Compliance and Legal Department reviews conflict of interest forms. If potential conflicts are found, there is a discussion between legal services, the CAO, and the individual. The Compliance Department issues questionnaires annually and there is 100% compliance in responding. If there is a conflict, the fix is to recuse oneself from any vote. If it is a sensitive matter, the fix is to recuse oneself from the discussion and the vote. The conflict of interest policy provides a process for both voluntary and involuntary recusal. Form 990, Part VI, Section B, line 15 The Executive Compensation of the Authority Board is responsible for defining the compensation philosophy and standards and otherwise ensure that the compensation strategies and practices of the Authority are consistent with applicable law and its charitable mission. The Executive Compensation Committee consists of the Chairperson, the Vice Chairperson, and two (2) or more other independent members of the Board appointed by the Chairperson. The Executive Compensation Committee recommends the compensation of the CEO to the full Board and establishes guidelines by which executive compensation for the titles of Vice President and Senior Vice President is managed. Each year an assessment of UW Health executive compensation to Market benchmarks is conducted. Typically, this is conducted by engaging independent compensation consultants. A Compensation Review Committee (CRC) has been established. The Committee consists exclusively of the public directors. The CRC shall act in accordance with the Foundation's compensation principles and policy. The committee shall make final decisions on such matters after satisfying itself that the standards set in the Corporation's compensation principles and procedure policy have been met. The Committee may request additional data or information prior to approving matters within its jurisdiction. The CRC shall take final action to approve or disapprove departmental compensation formulae and policy. The Committee engages an Independent Compensation Consultant to review physician compensation. Outliers identified are substantiated. A presentation is made to the CRC for approval. Form 990, Part VI, Section C, line 19 The financial statements, bylaws, articles, conflict of interest policies, tax returns, and Form 1023 are available upon request from the corporate office for the same period of disclosure as set forth in IRC Section 6104(d). Form 990, Part XI, line 9: Equity Interest in Income of Joint Ventures 3,147,825. Generations Fertility Care 2365 Deming Way Middleton WI 53562 273496527 Reproductive endocrinology and infertility services WI 501(c)(3) Line 10 N/A 1 Isthmus Project Inc 600 Highland Avenue Madison WI 53792 832278676 Research and Innovation WI 501(c)(3) Line 12a University of WI Hospital and Clinics Authority 1 Madison Surgery Center 7974 UW Health Court Middleton WI 53562 391940656 Health care services and training WI 501(c)(3) Line 10 University of WI Hospital and Clinics Authority 1 Regional Division Inc 7974 UW Health Court No MC1020 Middleton WI 53562 391446049 Regional Parent Corp. to manage and direct activities of entities WI 501(c)(3) Line 12a University of WI Hospital and Clinics Authority 1 SwedishAmerican Health Foundation 1415 East State Street Rockford IL 61104 363097493 Supports fundraising for SwedishAmerican Hospital IL 501(c)(3) Line 7 SwedishAmerican Health System Corporation 1 SwedishAmerican Health System Corporation 1401 East State Street Rockford IL 61104 363241458 Parent Corporation to manage and direct activites of entities IL 501(c)(3) Line 12a Regional Division Inc 1 SwedishAmerican Hospital 1401 East State Street Rockford IL 61104 362222696 Hospital IL 501(c)(3) Line 3 SwedishAmerican Health System Corporation 1 SwedishAmerican Hospital Self Insurance Trust 1401 East State Street Rockford IL 61104 366652702 Hospital Malpractice Trust VT 501(c)(3) Line 12a SwedishAmerican Hospital 1 SwedishAmerican Realty Corporation 1313 East State Street Rockford IL 61104 363248013 Title Holding Company IL 501(c)(2) SwedishAmerican Health System Corporation 1 University of Wisconsin Hospital and Clinics Authority 7974 UW Health Court Middleton WI 53562 391835630 Hospital and Clinics WI 501(c)(3) Line 3 N/A 0 University Health Care Inc 7974 UW Health Court Middleton WI 53562 472553196 Support Organization WI 501(c)(3) Line 12a University of WI Hospital and Clinics Authority 1 UW Health ACO Inc 7974 UW Health Court Middleton WI 53562 455490584 Accountable Care Organization WI 501(c)(3) Line 10 University of WI Hospital and Clinics Authority 1 Wisconsin Therapies Inc 7974 UW Health Court Middleton WI 53562 391807425 Infusion Therapy WI 501(c)(3) Line 12a University of WI Hospital and Clinics Authority 1 Chartwell Wisconsin Enterprises LLC 2241 Pinehurst Drive Middleton WI 53562 391796267 Parent entity of CW and CMW-HR WI N/A Related 302369 9366606 0 13811 0 0.50000 Sixth Street Medical LLC 7974 UW Health Court Middleton WI 53562 472705724 Real Estate WI N/A 0 0 Three Rivers Partners LLC 1313 East State Street Rockford IL 61104 262231757 Information Technology Services IL N/A 0 0 Physician's Care Network 1313 East State Street Rockford IL 61104 363455791 Health Services IL N/A C 1 Quartz Health Benefit Plans Corporation 840 Carolina Street Sauk City WI 53583 391450766 Health Maintenance Organization WI N/A C 1 Quartz Holding Company 840 Carolina Street Sauk City WI 53583 821728929 Holding Company WI N/A C 1 Quartz Health Solutions 840 Carolina Street Sauk City WI 53583 465710709 Insurance WI N/A C 1 Quartz Health Insurance Corporation 840 Carolina Street Sauk City WI 53583 391565691 Health Maintenance Organization WI N/A C 1 State & Charles Inc 1313 East State Street Rockford IL 61104 363321193 Holding Company IL N/A C 1 SwedishAmerican Health Management Corp 1401 East State Street Rockford IL 61104 363246511 Management Services IL N/A C 1 Wisconsin Dialysis 3034 Fish Hatchery Road Fitchburg WI 53713 300072647 Dialysis Services WI N/A C 1 1 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1 0 0 Madison Surgery Center O 10114667 FMV Madison Surgery Center L 2138962 FMV Madison Surgery Center A 1851956 FMV UW Health ACO Inc O 687201 FMV UW Health ACO Inc M 100793 FMV