Northwest Memorial Healthcare
- Assets
- $480.6m
- Revenue
- $82.7m
- Investments
- $0.0
- Employees
- 2,423
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 08/2018
- EIN
- 36-2338884
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.
Form
990T
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weihong He Medical Physicist | 40 | $217,333 | |
John Geinopolos Medical Physicist | 40 | $188,466 | |
Susan Corcoran Clinical Staff Pharmacist | 40 | $178,634 | |
Lisa Evan Pharmd Ip Ngt | 40 | $167,766 | |
Connie Secor Direct Surg/card- Termed 10/17 | 40 | $166,785 | |
Michael Eesley Chief Executive Officer | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Affiliates Housekeeping | 6/29/18 | $4,641,060 |
Fff Enterprises Healthcare Services | 6/29/18 | $2,155,260 |
Cardinal Health - Aurora Div Healthcare Services | 6/29/18 | $23,590,001 |
Ge Healthcare Healthcare Services | 6/29/18 | $1,940,791 |
Arup Laboratories Laboratory Services | 6/29/18 | $1,885,675 |
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 |
| Statement of Expenses | |
|---|---|
| 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. | $556,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,385,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,206,079 |
| Payroll taxes | $1,608,652 |
| Fees for services: Management | $301,449 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,775,683 |
| Advertising and promotion | $2,374 |
| Office expenses | $17,239,680 |
| Information technology | $220 |
| Royalties | $0 |
| Occupancy | $1,570,303 |
| Travel | $21,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,952 |
| Interest | $2,192,774 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,138,709 |
| Insurance | $673,721 |
| All other expenses | $1,608,883 |
| Total functional expenses | $94,374,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$919,967 |
| Savings and temporary cash investments | $5,350,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,537,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,924,141 |
| Prepaid expenses and deferred charges | $2,842,685 |
| Investments—publicly traded securities | $79,746,854 |
| Investments—other securities | $0 |
| Investments—program-related | $6,499,707 |
| Intangible assets | $0 |
| Other assets | $50,634,303 |
| Total assets | $480,593,285 |
| Accounts payable and accrued expenses | $72,900,953 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $275,627,353 |
| 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 | $1,299,301 |
| Total liabilities | $349,827,607 |
| Net assets without donor restrictions | $127,287,600 |
| Net assets with donor restrictions | $3,478,078 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $130,765,678 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Memorial Healthcare has recieved totaling $293,547.
| Awarding Organization | Amount |
|---|---|
Northwest Memorial Healthcare Chicago, IL PURPOSE: See Program Services Part III See Program Services Part III | $293,547 |
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 |