Thorek Memorial Hospital

Organization Overview

Thorek Memorial Hospital is located in Chicago, IL. The organization was established in 1939. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Thorek Memorial Hospital employed 923 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thorek Memorial Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Thorek Memorial Hospital generated $127.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $92.6m during the year ending 06/2021. While expenses have increased by 6.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Thorek Memorial Hospital has awarded 17 individual grants totaling $117,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING QUALITY PATIENT CARE, PROMOTING WELLNESS, AND SUPPORTING EDUCATION.

Describe the Organization's Program Activity:

THOREK MEMORIAL HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICE RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THOREK MEMORIAL HOSPITAL, WE RECOGNIZE THAT IT IS THE HOSPITAL'S MISSION TO SERVE THE COMMUNITY BY PROVIDING HEALTHCARE SERVICES AND HEALTHCARE EDUCATION AND THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PAY FOR ESSENTIAL MEDICAL SERVICES. THEREFORE, IN KEEPING WITH THE HOSPITAL'S COMMITMENT TO SERVE ALL MEMBERS OF OUR COMMUNITY, WE PROVIDE FREE CARE AND OR SUBSIDIZED CARE TO INDIVIDUALS WHO ARE UNABLE TO PAY FOR ESSENTIAL SERVICES, AND PROVIDE HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT OUR COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Philip Gorelick MD
Chief Medical Officer
$521,792
Peter Kamberos
Chairman & COO
$491,070
Edward Budd
CEO
$473,167
John Hunniford MD
Physician
$437,687
Tim Heinrich
CFO
$364,986
Genevieve Presbitero
Chief Nursing Officer
$331,302

Outside Vendors & Contractors

Vendor Name (Service)Compensation
United Maintenance Service
Service Contracts
$724,888
Chicago Central Emergency
Physician Fees
$1,126,006
Uic Department Of Surgery
Physician Fees
$641,323
Catalyst Anesthesia Group Llc
Physician Fees
$503,500
Northern Trust Company
Investment Management
$579,988
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $12,519,214
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,519,214
Total Program Service Revenue$95,900,979
Investment income $7,257,703
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $753,739
Net Gain/Loss on Asset Sales $9,217,878
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $127,922,496

Grants Awarded

Over the last fiscal year, Thorek Memorial Hospital has awarded $53,000 in support to 8 organizations.

Grant RecipientAmount

EDGEWATER CHAMBER OF COMMERCE

Org PageRecipient Profile

Chicago, IL

PURPOSE: GENERAL OPERATING SUPPORT

$8,500

EDGEWATER CHAMBER OF COMMERCE

Org PageRecipient Profile

Chicago, IL

PURPOSE: GENERAL OPERATING SUPPORT

$8,500

BUENA PARK NEIGHBORS

Org PageRecipient Profile

Chicago, IL

PURPOSE: GENERAL OPERATING SUPPORT

$8,000

BUENA PARK NEIGHBORS

Org PageRecipient Profile

Chicago, IL

PURPOSE: GENERAL OPERATING SUPPORT

$8,000

Chicago, IL

PURPOSE: GENERAL OPERATING SUPPORT

$5,000

HOWARD BROWN HEALTH

Org PageRecipient Profile

Chicago, IL

PURPOSE: GENERAL OPERATING SUPPORT

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Thorek Memorial Hospital has recieved totaling $5,000.

Awarding OrganizationAmount
Katherine And Louis Bries Medical Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$2,500
Katherine And Louis Bries Medical Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$2,500
View Grant Recipient Profile

Peer Organizations

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