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Health · 2023 Form 990

Froedtert Memorial Lutheran Hospital Inc: $2.5B Revenue, $1.9B Program Expenses

Milwaukee, Wisconsin · EIN 396105970 · Filing year 2023

Froedtert Memorial Lutheran Hospital Inc reported $2.5B in total revenue, $2.4B in total expenses, and $1.3B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($1.9B) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: A (80/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

A
Efficiency Score
80/100

Key Facts (2023 Form 990)

Total Revenue
$2.5B
Total Expenses
$2.4B
Program Expenses
$1.9B
Program Expense Ratio
78.0%
Total Assets
$1.3B
Reserve Months
6.6 months
EIN
396105970
Latest 990 Year
2023
Top Officer Compensation
Not reported

On the LakeQuality nonprofit efficiency rubric, Froedtert Memorial Lutheran Hospital Inc pulls an A — the highest available grade. The 80/100 composite reflects a combination of program-focused spending, controlled overhead, and the kind of multi-year financial discipline that grant-makers look for.

On revenue, Froedtert Memorial Lutheran Hospital Inc is among the largest U.S. nonprofits: $2.5B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Five-year revenue trajectory is strongly positive: Froedtert Memorial Lutheran Hospital Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Froedtert Memorial Lutheran Hospital Inc is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. Revenue-to-program ratios in this category often look different from smaller-program nonprofits because the underlying operations are capital-intensive.


$2.5B
Revenue
$2.4B
Expenses
$1.3B
Total Assets
78.0%
Program Spending

How Froedtert Memorial Lutheran Hospital Inc Compares

Froedtert Memorial Lutheran Hospital Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 80/100 is 1 points below the Health category average. The organization holds 6.6 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$1.9B
Program Spending
78.0% of expenses
Not reported
CEO Compensation
6.6 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Froedtert Memorial Lutheran Hospital Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Froedtert Memorial Lutheran Hospital Inc has an Efficiency Score of A (80/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Froedtert Memorial Lutheran Hospital Inc, Donor FAQ

Froedtert Memorial Lutheran Hospital Inc has an Efficiency Score of A (80/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Froedtert Memorial Lutheran Hospital Inc is not reported in the most recent IRS 990 filing on file.

Froedtert Memorial Lutheran Hospital Inc reported $2.5B in annual revenue and $2.4B in total expenses for filing year 2023. The organization holds $1.3B in total assets.

For every dollar donated to Froedtert Memorial Lutheran Hospital Inc, approximately 78.0 cents goes to program activities. The organization has 6.6 months of operating reserves, providing financial stability to sustain its mission.

Froedtert Memorial Lutheran Hospital Inc is a registered 501(c) organization with EIN 396105970, based in Milwaukee, Wisconsin. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.