Northwest Memorial Healthcare

Organization Overview

Northwest Memorial Healthcare is located in Chicago, IL. The organization was established in 2011. 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 08/2021, Northwest Memorial Healthcare employed 2,423 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Northwest Memorial Healthcare 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 08/2018, Northwest Memorial Healthcare generated $82.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $94.4m during the year ending 08/2018. As we would expect to see with falling revenues, expenses have declined by (25.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY HEALTH CARE SERVICES WITH INNOVATIVE AND RESPONSIBLE USE OF RESOURCES AND PROMOTE WELLNESS FOR THE MCHENRY COUNTY AREA.

Describe the Organization's Program Activity:

SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fff Enterprises
Healthcare Services
$2,155,260
Sodexo Inc Affiliates
Housekeeping
$4,641,060
Cardinal Health - Aurora Div
Healthcare Services
$23,590,001
Ge Healthcare
Healthcare Services
$1,940,791
Arup Laboratories
Laboratory Services
$1,885,675
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$36,467
Investment income $1,005,058
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,816
Net Gain/Loss on Asset Sales $3,864,868
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $82,724,469

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Northwest Memorial Healthcare has recieved totaling $293,547.

Awarding OrganizationAmount
Northwest Memorial Healthcare

Chicago, IL

PURPOSE: See Program Services Part III See Program Services Part III

$293,547
View Grant Recipient Profile

Peer Organizations

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