Silver Cross Hospital & Medical Centers
- Assets
- $1.0b
- Revenue
- $539.7m
- Investments
- $0.0
- Employees
- 3,470
- Location
- New Lenox, IL
- Founding
- 03/1937
- Data as of
- 09/2021
- EIN
- 36-2174832
Organization Overview
Silver Cross Hospital & Medical Centers is located in New Lenox, IL. The organization was established in 1937. 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 09/2021, Silver Cross Hospital & Medical Centers employed 3,470 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Cross Hospital & Medical Centers 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 09/2021, Silver Cross Hospital & Medical Centers generated $539.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $445.1m during the year ending 09/2021. While expenses have increased by 4.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
PROVISION OF INPATIENT AND OUTPATIENT HEALTH CARE SERVICES. HOSPITAL INPATIENT AND OBSERVATION DAYS FOR THE TIME PERIOD COVERED BY THIS RETURN TOTALED 102,040. TOTAL PATIENTS SERVED TOTALED 262,336.
COMMUNITY EDUCATION PROGRAMS, HEALTH PROFESSIONAL EDUCATION PROGRAMS, STUDENT INTERNSHIPS, SUPPORT GROUPS AND SUPPORT OF FREE COMMUNITY CLINIC.
HEALTH SCREENINGS AND WOMEN'S AND CHILDREN'S SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Daly Cmo Essential Health Partners | 40 | $315,092 | |
Marybeth Antone Adm Dir Procedural Care | 40 | $294,561 | |
Kay Novak Controller | 40 | $278,706 | |
Miguel Vigo Adm Dir Revenue Cycle | 40 | $258,585 | |
Frank Butler Adm Dir Pharmacy Services | 40 | $237,671 | |
Michael Scudder Second Vice Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fastaff Contracted Labor | 9/29/21 | $2,371,900 |
Cardiothoracic Vascular Surgical Medical Director Svc | 9/29/21 | $1,190,073 |
Advocate Health Hospitals Eicu Services | 9/29/21 | $1,315,741 |
Allied Anesthesia Associates Medical Director Svc | 9/29/21 | $1,130,000 |
American Healthcare Staffing Assoc Contracted Labor | 9/29/21 | $2,382,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,620,046 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,075,446 |
| Total Program Service Revenue | $474,080,342 |
| Investment income | $59,117,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,653,710 |
| Net Gain/Loss on Asset Sales | $1,110,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $539,695,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $181,636 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,491,349 |
| Pension plan accruals and contributions | $9,865,344 |
| Other employee benefits | $18,911,351 |
| Payroll taxes | $11,150,880 |
| Fees for services: Management | $8,517,370 |
| Fees for services: Legal | $350,775 |
| Fees for services: Accounting | $180,000 |
| Fees for services: Lobbying | $37,521 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $367,585 |
| Fees for services: Other | $40,709,933 |
| Advertising and promotion | $738,898 |
| Office expenses | $29,388,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,982,592 |
| Travel | $126,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,061,728 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,555,644 |
| Insurance | $10,612,727 |
| All other expenses | $1,418,482 |
| Total functional expenses | $445,066,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,114,649 |
| Savings and temporary cash investments | $2,218,765 |
| Pledges and grants receivable | $471,434 |
| Accounts receivable, net | $64,741,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,342,039 |
| Prepaid expenses and deferred charges | $4,534,556 |
| Net Land, buildings, and equipment | $425,653,077 |
| Investments—publicly traded securities | $400,538,586 |
| Investments—other securities | $0 |
| Investments—program-related | $20,455,822 |
| Intangible assets | $0 |
| Other assets | $100,710,098 |
| Total assets | $1,037,780,601 |
| Accounts payable and accrued expenses | $76,761,590 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $366,081,697 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,147,689 |
| Total liabilities | $560,990,976 |
| Net assets without donor restrictions | $465,196,756 |
| Net assets with donor restrictions | $11,592,869 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,037,780,601 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Silver Cross Hospital & Medical Centers has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Andrew Family Foundation Orland Park, IL PURPOSE: NEW OPEN HEART/STRUCTURAL HEART SURGICAL PROGRAM | $10,000 |
Andrew Family Foundation Orland Park, IL PURPOSE: NEW OPEN HEART/STRUCTURAL HEART SURGICAL PROGRAM | $10,000 |
Endowment Analysis
| Beg. Balance | $11,783,946 |
| Earnings | $1,086,739 |
| Admin Expense | $80,311 |
| Net Contributions | $1,908,303 |
| Other Expense | $3,105,803 |
| Ending Balance | $11,592,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |