2025-05-15T09:40:58+00:00 2024-06-30 135565207 KPMG LLP 191 West Nationwide Blvd Suite 500 Columbus OH 432152568 990 2023-07-01 272042610 Froedtert & The Medical College of Wisconsin Community Physicians Inc FROE 4148053000 W126 N7338 FLINT DRIVE MENOMONEE FALLS WI 53051 Alicia M Maitland SVP - Finance 2025-05-15 true true Mollie P Longhouse P00294881 6142492300 2025-05-15 2023 2025-03-06 01:10:19Z CATHERINE A JACOBSON W126 N7338 FLINT DRIVE MENOMONEE FALLS WI 53051 402930824 false X WWW.FROEDTERT.COM X 2010 WI FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS, INC. ADVANCE THE HEALTH OF THE PEOPLE OF THE DIVERSE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL CARE ENHANCED BY INNOVATION AND DISCOVERY. 11 11 2831 11 0 0 0 0 325311497 353813801 -1895 15514 45962740 49101509 371272342 402930824 0 0 0 209426977 229347360 0 0 161845365 173583464 371272342 402930824 0 0 110196599 124772746 42572970 57285343 67623629 67487403 X FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS, INC. ADVANCE THE HEALTH OF THE PEOPLE OF THE DIVERSE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL CARE ENHANCED BY INNOVATION AND DISCOVERY. false false 152257662 0 169512192 FROEDTERT & THE MEDICAL COLLEGE OF WISCONSIN COMMUNITY PHYSICIANS, INC.'S (CP) SPECIALTY DEPARTMENTS SAW OVER 573,000 PATIENT VISITS IN FY24. CP HAS OVER 979 SPECIALTY PROVIDERS WHO PROVIDE SERVICES INCLUDING AREAS SUCH AS OBSTETRICS, SURGERY, BEHAVIORAL HEALTH, CARDIOLOGY, AND SEVERAL OTHERS. 121717146 0 135510686 CP'S PRIMARY CARE DEPARTMENTS SAW OVER 624,000 PATIENT VISITS IN FY24. CP HAS OVER 589 PRIMARY CARE PROVIDERS WHO PROVIDE SERVICES IN THE AREAS OF FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRICS, AND WALK-IN CLINIC. 43824528 0 48790923 CP'S ANCILLARY DEPARTMENTS SAW OVER 574,000 PATIENT VISITS IN FY24. CP PROVIDES ANCILLARY SERVICES IN THE AREAS OF LABORATORY, RADIOLOGY, AND REHABILITATION SERVICES. 44103501 0 49101509 AS PART OF OPERATING AN INTEGRATED NETWORK OF HEALTHCARE PROVIDERS AND PROVIDING HEALTH CARE SERVICES TO THE COMMUNITY, OTHER REVENUE IS DERIVED IN THE FOLLOWING AREAS: REVENUE FROM HEALTH SYSTEM AFFILIATES - CONSISTS OF REVENUE DERIVED FROM MEDICAL AND ADMINISTRATIVE SERVICES PROVIDED TO SJH, CMH, FMLH, AND FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL, LLC, AFFILIATED ORGANIZATIONS. SERVICES INCLUDE PHYSICIAN AND STAFF COVERAGE, MEDICAL DIRECTORS, HOSPITALISTS, AND LABORATORY SERVICES. ALL OF THESE SERVICES SUPPORT THE DELIVERY OF HEALTHCARE TO THE COMMUNITY. OTHER DEPARTMENT OPERATING REVENUE - REVENUE DERIVED FROM DIFFERENT SERVICES THROUGH THE PROCESS OF PROVIDING PATIENT CARE AND IN THE NORMAL OPERATION OF A MEDICAL FACILITY. INCLUDED IN THIS CATEGORY ARE ITEMS SUCH AS LEASED STAFF REVENUE AND COVID RELIEF FUNDS. CORPORATE ALLOCATED REVENUE - REVENUE PASSED THROUGH FROM FTCH, AN AFFILIATED ORGANIZATION. 44103501 49101509 361902837 true false false false false false false false false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 2831 true false false false false false false false false false false false false X 11 11 false false true false true true true true true false false true true true true true true true true false X X DAVID DIRKSMEYER 4148053000 N74 W12501 LEATHERWOOD CT MENOMONEE FALLS WI 530514490 X Catherine Jacobson Director & BOD V. Chair 1.0 0 X X 0 0 0 John Raymond MD Director & BOD Chair 1.0 0 X X 0 0 0 Scott Hawig Director & Treasurer 1.0 0 X X 0 0 0 David Olson Director 1.0 0 X 0 0 0 Ian Schwartz Director (Start Dec23) 1.0 0 X 0 0 0 Jennifer Rabaglia Director (Start Jul23; Term Sep23) 1.0 0 X 0 0 0 Joseph Kerschner MD Director 1.0 0 X 0 0 0 Kevin Regner MD Director (Start Apr24) 1.0 0 X 0 0 0 Kimberly Gecsi MD Director (Start Apr24) 1.0 0 X 0 0 0 Mark Behl Director (Term Sep23) 1.0 0 X 0 0 0 Matthew Lester Director 1.0 0 X 0 0 0 Roy Silverstein MD Director (Term Jun24) 1.0 0 X 0 0 0 Susan Campbell Director 1.0 0 X 0 0 0 Amir Ghaferi MD President 1.0 0 X 0 0 0 Amy Miller MD Chief Medical Officer 50.0 0 X 667853 0 92738 Ann Tesmer Sr VP Clinical Operations 50.0 0 X 538135 0 138517 Ashley Wanless MD Doctor-OB/GYN 50.0 0 X 564545 0 48967 Douglas Marx DO Doctor & Chief Medical Officer 50.0 0 X 811288 0 60071 Mir Quryshi Doctor-Internal Medicine 50.0 0 X 685934 0 48913 Roseann Gumina Doctor-OB/GYN 50.0 0 X 574476 0 56631 Tyshunda Manning MD Doctor-OB/GYN 50.0 0 X 671409 0 54902 4513640 0 500739 476 false true false 0 0 SPECIALTY CARE SERVICES 621990 169512192 169512192 PRIMARY CARE SERVICES 621110 135510686 135510686 ANCILLARY CARE SERVICES 621990 48790923 48790923 0 0 0 0 353813801 0 0 15514 0 15514 15514 15514 MANAGEMENT FEES 900099 24820824 24820824 CORPORATE ALLOCATED REVENUE 900099 15674237 15674237 OTHER DEPT OPERATING REVENUE 900099 8606448 8606448 0 0 0 0 49101509 402930824 402915310 0 15514 X 1529453 0 1529453 0 212823155 203149948 9673207 71273 71273 35461 33481 1980 14888018 14254833 633185 26312 26312 126200871 111194460 15006411 0 1172020 1121627 50393 238933 232098 6835 31312415 29746794 1565621 95873 82781 13092 421029 332362 88667 30509 30509 5742510 5455385 287125 140247 140247 CORPORATE ALLOCATIONS 78381942 47770386 30611556 MEDICAL SUPPLIES 34783128 34782847 281 Other - Pay for Performance 4338000 4338000 ALL OTHER DIRECT EXPENS 1887319 909403 977916 -111187644 -91672324 -19515320 0 402930824 361902837 41027987 0 600 600 36539913 45200325 0 0 0 0 1338855 1852557 109784 193482 167599656 90091524 72189797 77508132 0 0 17650 17650 110196599 124772746 40988795 55911648 0 0 1584175 1373695 0 0 42572970 57285343 X 67623629 67487403 67623629 67487403 110196599 124772746 X 0 -136226 X false true X true true true X 39238019 5586325 33651694 28150644 11093259 17057385 99758773 73411940 26346833 452220 452220 77508132 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FROEDTERT THEDACARE HEALTH, INC. (FTCH), THE PARENT ENTITY INTO WHICH CP'S FINANCIAL RESULTS ARE CONSOLIDATED, APPLIES ASC TOPIC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A COMPANY'S FINANCIAL STATEMENTS. ASC TOPIC 740 PRESCRIBES A MORE-LIKELY THAN-NOT RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN. UNDER ASC TOPIC 740, TAX POSITIONS ARE EVALUATED FOR RECOGNITION, DERECOGNITION, AND MEASUREMENT USING CONSISTENT CRITERIA AND PROVIDE MORE INFORMATION ABOUT THE UNCERTAINTY IN INCOME TAX ASSETS AND LIABILITIES. AS OF JUNE 30, 2024 AND 2023, FTCH DOES NOT HAVE AN ASSET OR LIABILITY RECORDED FOR UNRECOGNIZED TAX POSITIONS. false true false false false false false true false Amy Miller MD Chief Medical Officer 554312 0 89706 0 23835 0 55084 0 37654 0 760591 0 0 0 Ann Tesmer Sr VP Clinical Operations 381035 0 98407 0 58693 0 104055 0 34462 0 676652 0 33978 0 Roseann Gumina Doctor-OB/GYN 522809 0 27426 0 24241 0 22100 0 34531 0 631107 0 0 0 Tyshunda Manning MD Doctor-OB/GYN 613098 0 28830 0 29481 0 20575 0 34327 0 726311 0 0 0 Douglas Marx DO Doctor & Chief Medical Officer 710550 0 75166 0 25572 0 23583 0 36488 0 871359 0 0 0 Mir Quryshi Doctor-Internal Medicine 635424 0 26925 0 23585 0 17525 0 31388 0 734847 0 0 0 Ashley Wanless MD Doctor-OB/GYN 539250 0 24032 0 1263 0 18288 0 30679 0 613512 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COMPENSATION OF CEO/EXECUTIVE DIRECTOR ESTABLISHED BY AFFILIATED ORGANIZATION, FROEDTERT THEDACARE HEALTH, THROUGH THE USE OF COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. AMIR GHAFERI, MD, IS THE PRESIDENT OF CP AND IS EMPLOYED BY THE MEDICAL COLLEGE OF WISCONSIN. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan 457(F) DISTRIBUTIONS: TESMER, ANN - $33,978 457(F) PLAN PARTICIPANTS: MARX, DOUGLAS MILLER, AMY TESMER, ANN Schedule J, Part I, Line 7 Non-fixed payments BONUS COMPENSATION IS PAID BASED UPON ATTAINMENT OF SPECIFIC GOALS RELATED TO THE ORGANIZATION'S STRATEGY, SERVICE, QUALITY AND FINANCIAL STRENGTH. THE AMOUNT OF COMPENSATION IS CALCULATED USING SPECIFIED PERCENTAGES OF BASE SALARY FOR ACHIEVEMENT OF PARTICULAR GOAL LEVELS. HOWEVER, THE FROEDTERT THEDACARE HEALTH SYSTEM BOARD COMMITTEE WHICH ADMINISTERS THE BONUS COMPENSATION PROGRAM HAS DISCRETION OVER WHETHER TO PAY THE BONUS IN ANY GIVEN YEAR OR TO AMEND, CHANGE OR TERMINATE THE PROGRAM AT ANY TIME. Schedule J, Part II LINES 1 THROUGH 4 AND 6 THROUGH 7: INCENTIVE COMPENSATION IS PAID BASED UPON ATTAINMENT OF SPECIFIC GOALS RELATED TO THE ORGANIZATION'S CLINICAL QUALITY, PATIENT CARE SERVICE AND CERTAIN OTHER INDIVIDUAL PERFORMANCE METRICS. THE AMOUNT OF COMPENSATION IS CALCULATED USING SPECIFIC PERCENTAGES OF COMPENSATION FOR ACHIEVEMENT OF PARTICULAR GOAL LEVELS. CP'S BOARD OF DIRECTORS ADMINISTERS THE INCENTIVE COMPENSATION PROGRAM AND HAS DISCRETION TO APPROVE, AMEND OR CHANGE THE MIX OR TYPE OF METRICS USED. Form 990, Part III, Line 4d Description of other program services (Expenses $ 44,103,501 including grants of $ 0)(Revenue $ 49,101,509) AS PART OF OPERATING AN INTEGRATED NETWORK OF HEALTHCARE PROVIDERS AND PROVIDING HEALTH CARE SERVICES TO THE COMMUNITY, OTHER REVENUE IS DERIVED IN THE FOLLOWING AREAS: REVENUE FROM HEALTH SYSTEM AFFILIATES - CONSISTS OF REVENUE DERIVED FROM MEDICAL AND ADMINISTRATIVE SERVICES PROVIDED TO SJH, CMH, FMLH, AND FROEDTERT HEALTH NEIGHBORHOOD HOSPITAL, LLC, AFFILIATED ORGANIZATIONS. SERVICES INCLUDE PHYSICIAN AND STAFF COVERAGE, MEDICAL DIRECTORS, HOSPITALISTS, AND LABORATORY SERVICES. ALL OF THESE SERVICES SUPPORT THE DELIVERY OF HEALTHCARE TO THE COMMUNITY. OTHER DEPARTMENT OPERATING REVENUE - REVENUE DERIVED FROM DIFFERENT SERVICES THROUGH THE PROCESS OF PROVIDING PATIENT CARE AND IN THE NORMAL OPERATION OF A MEDICAL FACILITY. INCLUDED IN THIS CATEGORY ARE ITEMS SUCH AS LEASED STAFF REVENUE AND COVID RELIEF FUNDS. CORPORATE ALLOCATED REVENUE - REVENUE PASSED THROUGH FROM FTCH, AN AFFILIATED ORGANIZATION. Form 990, Part VI, Line 4 Significant changes to organizational documents THE BYLAWS FOR CP WERE UPDATED EFFECTIVE JULY 1, 2023. - Delegated Decision Making: The Joint Practice Oversight Committee (JPOC) has been given delegated decision-making authority over operational, financial, administrative, and performance matters related to the coordinated operation of Medical College Physicians (MCP) and the Corporation within the seven counties in southeastern Wisconsin subject to the authority granted under JPOC's charter. - Board Composition: The composition of the Board has been revised from 8 Directors with half appointed by each Member organization to consist of any even number of Directors with half appointed by each Member organization. - Director Responsibilities: The responsibilities of Directors have been modified from directly approving key decisions - such as the strategic plan, budget, changes to articles/bylaws, and selection of the president - to recommending approval of these decisions to the Member organizations. - Committee Structure: Legacy committees, specifically Finance and Operations, have been removed, and the Board now has the authority to establish new committees as needed. Additionally, it is clarified that JPOC is subject to the appointment and authority of the Clinical Executive Committee rather than CP. Form 990, Part VI, Line 6 Classes of members or stockholders FTCH AND THE MEDICAL COLLEGE OF WISCONSIN (MCW) ARE THE CORPORATE MEMBERS OF CP. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body FTCH AND MCW EACH HAVE THE AUTHORITY TO APPOINT HALF BOARD MEMBERS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders FTCH AND MCW JOINTLY EXERCISE RETAINED AUTHORITIES AND EACH MEMBER HAS CERTAIN POWERS RETAINED BY IT ONLY, AS DEFINED IN CP'S CORPORATE BYLAWS. Form 990, Part VI, Line 11b Review of form 990 by governing body FTCH (AN AFFILIATED ORGANIZATION) ACCOUNTING STAFF PREPARE FORM 990 WHICH IS REVIEWED BY FTCH FINANCIAL LEADERS. THE 990 IS THEN REVIEWED BY KPMG, FTCH'S OUTSIDE ACCOUNTING FIRM. NEXT, THE 990 IS PROVIDED TO THE FTCH AUDIT COMMITTEE AND BOARD OF DIRECTORS AND CP'S BOARD OF DIRECTORS. FINALLY, THE 990 IS FILED AS REQUIRED. Form 990, Part VI, Line 12c Conflict of interest policy ON AN ANNUAL BASIS ALL OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DATA IS COMPILED, AND THE FTCH VICE PRESIDENT-CHIEF COMPLIANCE OFFICER (CCO), THE SENIOR VICE-PRESIDENT-GENERAL COUNSEL AND/OR DELEGATE WILL REVIEW ALL FORMS AND NOTIFICATIONS TO DETERMINE IF ANY CONFLICTS OF INTEREST EXIST IN THE DISCLOSURE DOCUMENTS. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THEN THE PERSON MAKING THE DISCLOSURE SHALL BE RELIEVED OF HIS/HER OBLIGATIONS ON BEHALF OF CP WITH RESPECT TO THE TRANSACTION OR ARRANGEMENT THAT CREATES THE CONFLICT OF INTEREST. A REPORT OF ALL CONFLICTS OF INTEREST WILL BE MADE BY THE CCO AT LEAST ANNUALLY TO THE FTCH, INC. AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION REVIEW & APPROVAL PROCESS - CEO & TOP MANAGEMENT COMPENSATION OF TOP MANAGEMENT IS PAID BY AN AFFILIATED ORGANIZATION BUT A REVIEW IS PERFORMED. IN ESTABLISHING THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT, INDEPENDENT COMPENSATION CONSULTANTS ARE UTILIZED, COMPENSATION STUDIES ARE COMPLETED TO GATHER COMPARATIVE DATA, PERSONS WITH A CONFLICT OF INTEREST REGARDING THE COMPENSATION ARRANGEMENTS AT ISSUE ARE NOT INVOLVED IN THE DECISION MAKING PROCESS, AND AMOUNTS ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE FTCH (THE AFFILIATED ORGANIZATION) BOARD OF DIRECTORS. IN ADDITION, THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. Form 990, Part VI, Line 15b Process to establish compensation of other employees COMPENSATION REVIEW & APPROVAL PROCESS - OFFICERS & KEY EMPLOYEES COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS PAID BY AN AFFILIATED ORGANIZATION BUT A REVIEW IS PERFORMED. IN ESTABLISHING THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INDEPENDENT COMPENSATION CONSULTANTS ARE UTILIZED, COMPENSATION STUDIES ARE COMPLETED TO GATHER COMPARATIVE DATA, PERSONS WITH A CONFLICT OF INTEREST REGARDING THE COMPENSATION ARRANGEMENTS AT ISSUE ARE NOT INVOLVED IN THE DECISION MAKING PROCESS, AND AMOUNTS ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE FTCH (THE AFFILIATED ORGANIZATION) BOARD OF DIRECTORS. IN ADDITION, THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL INFORMATION: FTCH'S QUARTERLY FINANCIAL INFORMATION (WHICH INCLUDES THE OPERATING RESULTS OF CP) IS MADE AVAILABLE TO THE PUBLIC ONLINE THROUGH THE DIGITAL ASSURANCE CORPORATION, INC. WEBSITE. ANYONE CAN REGISTER TO RECEIVE ONGOING ACCESS TO AND NOTIFICATIONS REGARDING FINANCIAL STATEMENTS AT THE ONLINE WEBSITE. GOVERNING DOCUMENTS AND COI POLICY: DOCUMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE CORPORATE OFFICE UPON REQUEST. Form 990, Part IX, Line 24e CP HAS ENTERED INTO AFFILIATE SUPPORT AGREEMENTS WITH FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC. (FMLH), COMMUNITY MEMORIAL HOSPITAL OF MENOMONEE FALLS, INC. (CMH) AND ST. JOSEPH'S COMMUNITY HOSPITAL OF WEST BEND, INC. (SJH), TO ENSURE ACCESS TO PRIMARY AND SPECIALTY CARE FOR THEIR PATIENTS. THESE AGREEMENTS PROVIDE AGGREGATE FINANCIAL SUPPORT TO CP IN AN AMOUNT EQUAL TO CP'S ANNUAL NET DEFICIT (EXPENSES AND LOSSES IN EXCESS OF REVENUES AND GAINS). THE AMOUNT OF THIS SUPPORT IS INCLUDED IN PART IX LINE 24E OF THE FORM 990, AND RESULTS IN CP'S REVENUE LESS EXPENSES EQUALING $0 FOR THE FISCAL YEAR ENDED JUNE 30, 2024. Form 990, Part IX, Line 11g Other Fees PURCHASED SERVICES-MEDICAL: - Total Expense: XXX-XX-XXXX, Program Service Expense: XXX-XX-XXXX, Management and General Expenses: 3070297, Fundraising Expenses: ; PURCHASED SERVICES-GENERAL: - Total Expense: 15270603, Program Service Expense: 3439766, Management and General Expenses: 11830837, Fundraising Expenses: ; REPAIRS & MAINT: - Total Expense: 3130834, Program Service Expense: 3126349, Management and General Expenses: 4485, Fundraising Expenses: ; LANDSCAPING: - Total Expense: 652920, Program Service Expense: 652920, Management and General Expenses: , Fundraising Expenses: ; OTHER: - Total Expense: 20956, Program Service Expense: 20956, Management and General Expenses: , Fundraising Expenses: ; CONSULTING: - Total Expense: 103473, Program Service Expense: 2681, Management and General Expenses: 100792, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances TRANSFER TO AFFILIATES - -136226;