Westlake Health Foundation
- Assets
- $174.4m
- Revenue
- $17.9m
- Investments
- $174.0m
- Employees
- 0
- Location
- Oakbrook Terrace, IL
- Founding
- 10/1981
- Data as of
- 12/2021
- EIN
- 36-3104071
Organization Overview
Westlake Health Foundation is located in Oakbrook Terrace, IL. The organization was established in 1981. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westlake Health Foundation 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 12/2021, Westlake Health Foundation generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $7.0m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 4 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.
Since 2019, Westlake Health Foundation has awarded 220 individual grants totaling $16,929,020. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Muller Chairman And CEO | 40 | $315,078 | |
David R Hey President And COO | 40 | $141,626 | |
Richard Montalbano Secretary | 2 | $0 | |
Saundra Spilotro Director | 2 | $0 | |
Jack Olinger Director | 2 | $0 | |
Fred Tomera MD Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pinnacle | 12/30/21 | $118,742 |
Eagle Capital Management | 12/30/21 | $162,033 |
Elwood Associates | 12/30/21 | $115,611 |
Crow Holdings Capital | 12/30/21 | $308,282 |
Cape Ann Global Markets | 12/30/21 | $80,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $93 |
| Dividends & Interest | $1,457,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,421,421 |
| Capital Gain Net Income | $16,421,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,879,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $456,704 |
| Other employee salaries and wages | $151,226 |
| Pension plans, employee benefits | $55,642 |
| Interest | $0 |
| Taxes | $475,189 |
| Depreciation | $0 |
| Occupancy | $101,534 |
| Travel, conferences, and meetings | $20,866 |
| Printing and publications | $542 |
| Other expenses | $13,838 |
| Total operating and administrative expenses | $2,166,051 |
| Contributions, gifts, grants paid | $4,871,918 |
| Total expenses and disbursements | $7,037,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $372,868 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $73,059,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $17,875 |
| Total assets | $174,420,740 |
| Accounts payable and accrued expenses | $116,825 |
| Grants payable | $1,357,274 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $904,185 |
| Total liabilities | $2,378,284 |
Grants Awarded
Over the last fiscal year, Westlake Health Foundation has awarded $6,012,418 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
Westchester, IL PURPOSE: ACCESS TO CARE PROGRAM | $750,000 |
River Forest, IL PURPOSE: DONNA M. CARROLL SIMULATION CENTER | $700,000 |
Hillside, IL PURPOSE: OPTIMAL WELLNESS PROGRAM | $350,000 |
TRITON COLLEGE PURPOSE: SCHOLARSHIP PROGRAM-COHORT 11 (6) | $240,500 |
Franklin Park, IL PURPOSE: BENEFITS ASSISTANCE PROGRAM | $200,000 |
River Forest, IL PURPOSE: PHYSICIAN ASSISTANT STUDIES PROGRAM | $190,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Congregational Home Inc Brrokfield, WI | $34,639,995 | $16,270,483 |
Westlake Health Foundation Oakbrook Terrace, IL | $174,420,740 | $17,879,146 |
Aspirus Extended Services Inc Wausau, WI | $3,801,407 | $4,592,675 |
Sinsinawa Nursing Inc Watertown, WI | $3,412,383 | $7,285,712 |
The Legacy At St Josephs Home Kenosha, WI | $5,673,666 | $3,561,288 |
Home Centered Care Institute Schaumburg, IL | $3,863,726 | $2,799,847 |
Association For Nursing Professional Development Chicago, IL | $6,574,208 | $3,317,405 |
Oakwood Foundation Inc Madison, WI | $25,308,403 | $3,654,995 |
Foundation For Springfield Public Schools Springfield, MO | $6,291,799 | $1,818,272 |
Cardinal Ritter Senior Services St Louis, MO | $642,900 | $773,559 |
St Johns Healing Community Board Collinsville, IL | $870,846 | $924,060 |
Indiana Center For Nursing Inc Indianapolis, IN | $536,588 | $834,728 |