Union Health Service Inc
- Assets
- $50.3m
- Revenue
- $91.0m
- Investments
- $0.0
- Employees
- 258
- Location
- Chicago, IL
- Founding
- 12/1984
- Data as of
- 12/2023
- EIN
- 36-2302593
Organization Overview
Union Health Service Inc is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2023, Union Health Service Inc employed 258 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Health Service Inc 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 12/2023, Union Health Service Inc generated $91.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $83.0m during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A VOLUNTARY HEALTH SERVICES PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPAID GROUP HEALTH PLAN INCLUDING OUTPATIENT MEDICAL, VISION AND INPATIENT MEDICAL CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Wolin Board President | OfficerTrustee | 1 | $0 |
Thomas Balanoff Board Vice President | OfficerTrustee | 0.5 | $0 |
Genie Kastrup Treasurer | Trustee | 0.5 | $0 |
Dr Timothy Halt Trustee | Trustee | 32 | $245,216 |
Rev Mons Kenneth Velo Trustee | Trustee | 0.5 | $0 |
Efrain Elias Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Illinois Hospital Medical Services | 12/30/23 | $3,186,935 |
Advocate Medical Group Medical Services | 12/30/23 | $2,631,933 |
Advocate Illinois Masonic Hospital Medical Services | 12/30/23 | $2,277,156 |
Illinois Bone & Joint Institute Medical Services | 12/30/23 | $630,919 |
Fresenius Medical Care Chicagoland Llc Medical Services | 12/30/23 | $681,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $89,408,757 |
| Investment income | $1,240,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $175,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,009,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $45,043,302 |
| Compensation of current officers, directors, key employees. | $1,756,809 |
| Compensation of current officers, directors, key employees. | $698,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,736,476 |
| Pension plan accruals and contributions | $3,119,115 |
| Other employee benefits | $3,967,281 |
| Payroll taxes | $1,505,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $211,367 |
| Fees for services: Accounting | $56,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,516 |
| Fees for services: Other | $1,047,139 |
| Advertising and promotion | $1,188 |
| Office expenses | $1,030,252 |
| Information technology | $605,681 |
| Royalties | $0 |
| Occupancy | $2,008,405 |
| Travel | $1,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,511 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,812 |
| Insurance | $1,505,277 |
| All other expenses | $0 |
| Total functional expenses | $82,964,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$657,845 |
| Savings and temporary cash investments | $21,923,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,916,239 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,022,026 |
| Prepaid expenses and deferred charges | $688,697 |
| Net Land, buildings, and equipment | $553,875 |
| Investments—publicly traded securities | $20,956,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,927,277 |
| Total assets | $50,330,261 |
| Accounts payable and accrued expenses | $14,096,970 |
| Grants payable | $0 |
| Deferred revenue | $67,786 |
| Tax-exempt bond liabilities | $0 |
| 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 | $5,668,970 |
| Total liabilities | $19,833,726 |
| Net assets without donor restrictions | $30,496,535 |
| Net assets with donor restrictions | $0 |
| 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 | $50,330,261 |