2025-11-17T17:39:22-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-01-01 390634758 WISCONSIN MEDICAL SOCIETY INC WISC 6084423800 PO BOX 1109 MADISON WI 53701 KRIS ROUG CHIEF FINANCIAL OFFICER 6084423800 2025-11-17 1 1 SHELBY NETZ P01405265 4147775500 2025-11-17 2024 2025-03-06 01:10:19Z MICHAEL FLESHER PO BOX 1109 MADISON WI 53701 3926276 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 45 54 0 0 597101 258918 2295319 2282372 123281 160039 222682 223483 3238383 2924812 4360 63000 0 0 1988788 2099113 0 0 0 863456 934660 2856604 3096773 381779 -171961 10702409 11019870 2854153 3026552 7848256 7993318 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 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 PHYSICIAN 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 INITIATIVES. IN ADDITION, THE CONTINUATION OF THE ANNUAL PHYSICIAN LEADERSHIP 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 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 26 0 1 45 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 MICHAEL FLESHER CEO 40.00 X X 369235 0 41309 JERRY HALVERSON MD CHAIR 10.00 X X 0 0 0 PAUL LARSON MD VICE CHAIR 2.00 X X 0 0 0 DON LEE MD PRESIDENT/PAST PRESIDENT 2.00 X X 0 0 0 WENDY MOLASKA MD PAST PRESIDENT (THRU 4/2024) 2.00 X X 0 0 0 CYNTHIA HART MD PRESIDENT ELECT/PRESIDENT 2.00 X X 0 0 0 MICHELLE GRAHAM MD DIRECTOR/PRESIDENT ELECT 2.00 X X 0 0 0 JOHN COOK TREASURER (THRU 4/2024) 2.00 X X 0 0 0 STEWART WATSON MD TREASURER 2.00 X X 0 0 0 ADITYA SUKHWAL MD DIRECTOR 2.00 X 0 0 0 AMY DOHERTY MD DIRECTOR 2.00 X 0 0 0 ANDREW CALVIN MD DIRECTOR 2.00 X 0 0 0 ANDREW LABOTT DIRECTOR 2.00 X 0 0 0 ANDREW NORTON DIRECTOR 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 DAVID GALBIS-REIG MD DIRECTOR 2.00 X 0 0 0 DONN DEXTER MD DIRECTOR 2.00 X 0 0 0 ERICA LARSON MD DIRECTOR 2.00 X 0 0 0 GREIGORY DIMAILIG DIRECTOR (THRU 4/2024) 2.00 X 0 0 0 JAMES RAUSCHNOT DO DIRECTOR 2.00 X 0 0 0 JOEL CHARLES MD DIRECTOR 2.00 X 0 0 0 KEN KLEIN MD DIRECTOR 2.00 X 0 0 0 KENNETH PECHMAN MD DIRECTOR 2.00 X 0 0 0 KIERAN MCAVOY MD DIRECTOR 2.00 X 0 0 0 KRISTIE JOHNSON MD DIRECTOR 2.00 X 0 0 0 LARRY GORDON MD DIRECTOR (THRU 4/2024) 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 WHITE MD DIRECTOR 2.00 X 0 0 0 MICHELE MONTGOMERY MD DIRECTOR 2.00 X 0 0 0 ROANNE OSBORNE MD DIRECTOR 2.00 X 0 0 0 ROBERT SEDLACECK MD DIRECTOR 2.00 X 0 0 0 ROBYN BORGE MD DIRECTOR (THRU 4/2024) 2.00 X 0 0 0 SONAL CHANDRATRE MD DIRECTOR 2.00 X 0 0 0 STEPHANIE STROHBEEN MD DIRECTOR 2.00 X 0 0 0 THOMAS JOLES MD DIRECTOR 2.00 X 0 0 0 THOMAS MEHNER MD 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 JOHNSTON III MD DIRECTOR 2.00 X 0 0 0 CHARLES SHABINO MD EX OFFICIO 2.00 X 0 0 0 DAVID HOFFMANN MD EX OFFICIO (THRU 4/2024) 2.00 X 0 0 0 KRISTOPHER ROUG CFO 40.00 X 145584 0 12629 MARK GRAPENTINE CHIEF ADVOCACY OFFICER 40.00 X 219773 0 28391 JAMES LORENCE CHIEF VALUE AND ENGAGEMENT OFFICER 40.00 X 173287 0 27634 LAURA JACOBS COO 40.00 X 121883 0 4823 1029762 0 114786 5 0 1 0 0 54741 204177 258918 MEMBERSHIP DUES 900099 2126860 2126860 SHARED SERVICES RECOVERED 561000 53340 53340 CONTINUING MEDICAL EDUCATION 611710 51146 51146 SEMINARS 541900 51026 51026 2282372 161503 161503 218220 218220 3900 0 3900 3900 3900 1000000 1001464 -1464 -1464 -1464 MISCELLANEOUS REVENUE 900099 1363 1363 1363 2924812 2282372 0 383522 33500 29500 573757 1074993 58387 226849 165127 14966 39310 121336 17768 29325 17746 87400 207388 40267 122738 131632 3881 14598 23974 ASSOCIATION DUES 42151 CREDIT CARD FEES 17118 OTHER EXPENSES 3062 3096773 3954432 4026421 689957 161555 156396 175509 206173 178304 42467 27869 4473440 4749396 1385717 1879120 10702409 11019870 333277 239382 1457037 1243575 1063839 1543595 2854153 3026552 X 7848256 7993318 7848256 7993318 10702409 11019870 X -171961 146567 170456 X X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1998618 121336 -294484 -173148 179876 -353024 23601 0 206173 178304 27869 27869 1507651 C OTHER INVESTMENTS 1533 C INVESTMENTS IN SUBSIDIARIES 3240212 C 4749396 DEFERRED COMPENSATION PLAN 1036402 DUE FROM AFFILIATES 518654 EMPLOYEE RETENTION CREDIT RECEIVABLE 292608 ACCRUED INTEREST RECEIVABLE - INVESTMENTS 31456 1879120 DEFERRED COMPENSATION PAYABLE 1036402 ECONOMIC INJURY DISASTER LOAN PAYABLE 139049 DUE TO RELATED PARTIES 368144 1543595 PART III, LINE 4: THE ARTWORK WAS DONATED TO THE ORGANIZATION. 1 PHARMACY SOCIETY OF WISCONSIN 701 HEARTLAND TRL MADISON WI 53717 390714490 501(C)(6) 17000 0 ADVANCE HEALTH WI SUBAWARD WISCONSIN NURSES ASSOCIATION 6200 GISHOLT DRIVE STE 104 MADISON WI 53713 390716168 501(C)(6) 13000 0 ADVANCE HEALTH WI SUBAWARD 0 2 ADVANCING A HEALTHIER WISCONSIN INDIVIDUAL GRANTS 8 29500 PART I, LINE 2: WISMED MONITORS THE USE OF GRANT FUNDS THROUGH WRITTEN AGREEMENTS, REQUIRED PERIODIC REPORTING, AND REGULAR COMMUNICATION WITH GRANTEES TO ENSURE FUNDS ARE UTILIZED FOR PURPOSES CONSISTENT WITH AGREED UPON TERMS AND WHICH ARE CONSISTENT WITH WISMED'S OVERALL MISSION, IN LINE WITH ADVANCING THE HEALTH OF WISCONSINITES THROUGH PHYSICIAN LEADERSHIP, EDUCATION, AND POLICY INITIATIVES. FOR ANY SUBAWARDS, WISMED ENTERS INTO SIGNED AGREEMENTS, WHICH CONTAIN THE TERMS AND CONDITIONS OF THE SUBAWARD RELATIONSHIP. THE SUBAWARD AGREEMENTS REQUIRE THAT PRIOR TO REIMBURSEMENT OF EXPENSES, THE SUBRECIPIENT PROVIDES A CERTIFIED INVOICE TO WISMED. BEFORE APPROVAL OF AN INVOICE FOR PAYMENT, WISMED VERIFIES THAT THE INVOICE AND ANY SUPPORTING DOCUMENTATION SUBMITTED BY THE SUBRECIPIENT ARE IN LINE WITH THE APPROVED SUBAWARD PURPOSE. WORK PERFORMED BY THE SUBRECIPIENT IS MONITORED TO DETERMINE THAT PROGRESS IS BEING MADE TOWARD THE GOALS AND OBJECTIVES OF THE SUBAWARD. WISMED ASSESSES THE RISK OF EACH AWARDED ORGANIZATION AND PERFORMS ADDITIONAL MONITORING TASKS AS APPROPRIATE. X X X X 0 0 0 MICHAEL FLESHER CEO 337235 0 32000 0 0 0 10329 0 30980 0 410544 0 0 0 MARK GRAPENTINE CHIEF ADVOCACY OFFICER 219773 0 0 0 0 0 6671 0 21720 0 248164 0 0 0 JAMES LORENCE CHIEF VALUE AND ENGAGEMENT OFFICER 173287 0 0 0 0 0 5199 0 22435 0 200921 0 0 0 KRISTOPHER ROUG CFO 145584 0 0 0 0 0 4368 0 8261 0 158213 0 0 0 FORM 990, PART IV, LINE 12B: THE FINANCIAL STATEMENT AUDIT IS CURRENTLY UNDERWAY AND IS ANTICIPATED TO BE ISSUED SUBSEQUENT TO THE DUE DATE OF THE ANNUAL INFORMATION RETURN. 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 170,456. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. WISCONSIN MEDICAL SOCIETY HOLDINGS CORPORATION 2920 MARKETPLACE DRIVE SUITE 103 FITCHBURG WI 53719 391313705 SERVICE ORGANIZATION WI WISCONSIN MEDICAL SOCIETY INC C 80204 4720922 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 WISCONSIN MEDICAL SOCIETY HOLDINGS CORPORATION Q AMOUNT PAID