Skip to main content
NonprofitTruth
Health · 2023 Form 990

Froedtert Memorial Lutheran Hospital Inc: $2.5B Revenue, $2.4B 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. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: A (84/100).

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

Reviewed by NonprofitTruth Editorial Team · Updated
A
Efficiency Score
84/100

Key Facts (2023 Form 990)

Total Revenue
$2.5B
Total Expenses
$2.4B
Total Assets
$1.3B
Reserve Months
6.6 months
Surplus / (Deficit)
$94.1M
EIN
396105970
Latest 990 Year
2023
Current-Officer Compensation
Not reported
Officer Comp % of Revenue
N/A

On the NonprofitTruth efficiency rubric, Froedtert Memorial Lutheran Hospital Inc pulls an A — the highest available grade. The 84/100 composite reflects strong financial reserves, controlled officer compensation, 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. Financial health is a strength: Froedtert Memorial Lutheran Hospital Inc carries a healthy operating-reserve cushion against $2.4B in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.

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. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership 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. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.


$2.5B
Revenue
$2.4B
Expenses
$1.3B
Total Assets
N/A
Officer Compensation

How Froedtert Memorial Lutheran Hospital Inc Compares

Froedtert Memorial Lutheran Hospital Inc earns a NonprofitTruth efficiency grade of A (84/100). That is 6 points above the Health category average. The organization holds 6.6 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$2.4B
Total Expenses
Filing year 2023
Not reported
Officer Compensation
on this 990
6.6 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Froedtert Memorial Lutheran Hospital Inc reported $2.5B in revenue against $2.4B in total functional expenses for filing year 2023, holding roughly 6.6 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

Trend

Revenue History

Get Froedtert Memorial Lutheran Hospital Inc's next Form 990 grade

Subscribe for NonprofitTruth updates by email. No spam, unsubscribe anytime.


Froedtert Memorial Lutheran Hospital Inc has a NonprofitTruth Efficiency Score of A (84/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Froedtert Memorial Lutheran Hospital Inc, Donor FAQ

Froedtert Memorial Lutheran Hospital Inc has a NonprofitTruth Efficiency Score of A (84/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Current-officer compensation for Froedtert Memorial Lutheran Hospital Inc is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.

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.

Froedtert Memorial Lutheran Hospital Inc holds approximately 6.6 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its A efficiency grade.

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 Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.