Northwestern Memorial Healthcare
- Assets
- $487.4m
- Revenue
- $483.0m
- Investments
- $0.0
- Employees
- 2,423
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 06/2018
- EIN
- 36-2338884
Organization Overview
Northwestern 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 08/2023, Northwestern Memorial Healthcare employed 2,423 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Northwestern 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 06/2018, Northwestern Memorial Healthcare generated $483.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $462.7m during the year ending 06/2018. While expenses have increased by 15.6% per year over the past 3 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
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 |
|---|---|---|---|
Michael Eesley Chief Executive Officer | OfficerTrustee | 0 | $0 |
Charie Zanck Board Of Governors | Trustee | 0 | $0 |
Charles Ruth Board Of Governors | Trustee | 0 | $0 |
Chris Newkirk Board Of Governors | Trustee | 0 | $0 |
Dave Domek Board Of Governors | Trustee | 0 | $0 |
Irfan Hafiz Board Of Governors / SVP - Cmo | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardinal Health - Aurora Div Healthcare Services | 6/29/18 | $23,590,001 |
Sodexo Inc Affiliates Housekeeping | 6/29/18 | $4,641,060 |
Fff Enterprises Healthcare Services | 6/29/18 | $2,155,260 |
Arup Laboratories Laboratory Services | 6/29/18 | $1,885,675 |
Ge Healthcare Healthcare Services | 6/29/18 | $1,940,791 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $293,547 |
| Government grants | $95,442 |
| 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 | $388,989 |
| Total Program Service Revenue | $473,231,902 |
| Investment income | $4,588,848 |
| Tax Exempt Bond Proceeds | $107 |
| Royalties | $0 |
| Net Rental Income | $11,518 |
| Net Gain/Loss on Asset Sales | -$527,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $482,963,096 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $1,321,893 |
| Compensation of current officers, directors, key employees. | $1,321,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,516,485 |
| Pension plan accruals and contributions | -$864,378 |
| Other employee benefits | $20,712,136 |
| Payroll taxes | $8,392,777 |
| Fees for services: Management | $1,362,716 |
| Fees for services: Legal | $5,402 |
| 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 | $21,478,849 |
| Advertising and promotion | $4,381 |
| Office expenses | $96,492,565 |
| Information technology | $16,674 |
| Royalties | $0 |
| Occupancy | $7,834,478 |
| Travel | $134,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,804 |
| Interest | $12,024,094 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,394,122 |
| Insurance | $2,437,007 |
| All other expenses | $9,463,835 |
| Total functional expenses | $462,660,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$120,074 |
| Savings and temporary cash investments | $20,034,601 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,920,449 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,874,673 |
| Prepaid expenses and deferred charges | $1,735,314 |
| Net Land, buildings, and equipment | $262,920,403 |
| Investments—publicly traded securities | $78,144,435 |
| Investments—other securities | $0 |
| Investments—program-related | $6,446,654 |
| Intangible assets | $0 |
| Other assets | $47,455,516 |
| Total assets | $487,411,971 |
| Accounts payable and accrued expenses | $231,688,605 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $109,147,647 |
| 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 | $1,261,771 |
| Total liabilities | $342,098,023 |
| Unrestricted restricted net Assets | $141,835,870 |
| Temporarily restricted net Assets | $3,478,078 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $145,313,948 |