Wisconsin · Ranked 204 of 1033 by CEO pay.

Froedtert South

Richard O Schmidt Jr, President/CEO/Director. Fiscal year ending 2025-06.

$1.9M

CEO total compensation
Form 990 Part VII, columns D+E+F

0.96%

of expenses spent on charity care
Schedule H Part I line 7a

42.0%

CEO pay as a share of all charity care

Richard O Schmidt Jr’s pay of $1,876,820 equals 42.0 percent of the $4,469,756 the system spent on charity care in the same year.

§1The filing

Total revenue: $486,946,600
Total expenses: $466,789,306
Net assets: $639,253,424
Employees: 2,468
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $4,469,756
Bad debt: $4,466,979
Medicare surplus (shortfall), as filed: ($18,700,882)
CEO pay from the organization (Part VII col. D): $1,739,035
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $137,785
CEO total compensation (D+E+F): $1,876,820 to Richard O Schmidt Jr

Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.

Source: Form 990, Froedtert South, EIN 39-0816845, fiscal year ending 2025-06, as published by the IRS. CEO identification: ceo title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$43.2M Of which charity care to patients who could not pay (line 7a)$4.5M (10%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($4.5M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.

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Froedtert South: CEO pay $1.9M, charity care 0.96% of expenses

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Froedtert South reported $1,876,820 in compensation for chief executive Richard O Schmidt Jr in the fiscal year ending 2025-06. It spent 0.96% of expenses on charity care, $4,469,756. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/froedtert-south-inc-39-0816845.html