FAC Explorer

Audit 407376

FY End
2025-12-31
Total Expended
$17.32M
Findings
1
Programs
2
Organization: Edgerton Hospital and Health Services (WI)
Year: 2025 Accepted: 2026-07-17
Auditor: WIPFLI LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1223979 2025-004 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
14.128 MORTGAGE INSURANCE_HOSPITALS $17.26M Yes 1
10.855 DISTANCE LEARNING AND TELEMEDICINE LOANS AND GRANTS $66,698 Yes 0

Contacts

Name Title Type
KVJ5VT587LA3 Dane Wheeler Auditee
6088843441 Paul Traczek Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of Edgerton Hospital and Health Services, Inc. (the “Organization”). The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures on the Schedule are reported on the accrual basis of accounting and are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The loan balances outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. There were no new loans received during the year ended December 31, 2025. Program Name Assistance Listing Number Outstanding Balance at December 31, 2025 U.S. Department of Housing and Urban Development: Section 242 Mortgage Insurance for Hospitals 14.128 $16,099,786

Finding Details

Finding 2025-004
Condition – It was noted that due to changes in personnel, in particular the replacing of the Organization’s Chief Financial Officer, among other items such as working through the change in affiliation, clinic integration, and other significant initiatives, the Organization failed to file its annual audited financial statements within the required 120 days following the end of its fiscal year end. Criteria – There is a requirement within the mortgage agreement that the Organization will make every effort to complete and file its annual audited financial statements within 120 days of year end. Effect – Reporting of financial information may not occur in a timely manner if reports are filed late. Recommendation – As the Organization continues to improve in processes and as time allows, completion of the annual audit and required work earlier in the year to allow for more timely reporting will assist in relieving this compliance finding. Management’s Response – The Organization will work to establish policies and procedure, and management took steps in 2026 to change personnel within the finance functions and hired a new Chief Financial Officer in 2026 with extensive hospital finance and accounting experience. The Chief Financial Officer’s duties will include additional reviews and assistance with account reconciliations as well as training of current staff and process improvements in this area, with a goal of removing this deficiency in the future.