Northwest Memorial Healthcare
- Assets
- $107.5m
- Revenue
- $174.2m
- Investments
- $0.0
- Employees
- 1,114
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 06/2018
- EIN
- 36-3196559
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 06/2018, Northwest Memorial Healthcare employed 1,114 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 06/2018, Northwest Memorial Healthcare generated $174.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $218.1m during the year ending 06/2018. While expenses have increased by 6.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O NARRATIVE TITLED SUMMARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Eesley Chief Executive Officer | OfficerTrustee | 40 | $2,316,338 |
Charie Zanck Board Of Governors | Trustee | 2 | $0 |
Charles Ruth Board Of Governors | Trustee | 1 | $0 |
Chris Newkirk Board Of Governors | Trustee | 1 | $0 |
Dave Domek Board Of Governors | Trustee | 1 | $0 |
Irfan Hafiz SVP - Cmo | Trustee | 40 | $420,299 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardinal Health - Aurora Division Healthcare Services | 6/29/18 | $25,106,223 |
Healthcare And Family Services Healthcare Services | 6/29/18 | $15,552,735 |
Nextgen Healthcare Inc Healthcare Services | 6/29/18 | $3,066,069 |
Sodexo Inc Affiliates Housekeeping | 6/29/18 | $5,920,456 |
Ge Healthcare Healthcare Services | 6/29/18 | $2,582,073 |
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 | $172,424,962 |
| Investment income | $1,674,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,522 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,181,122 |
| 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. | $7,996,376 |
| Compensation of current officers, directors, key employees. | $7,996,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,247,303 |
| Pension plan accruals and contributions | -$951,182 |
| Other employee benefits | $7,508,481 |
| Payroll taxes | $4,398,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,686,868 |
| Fees for services: Accounting | $758,900 |
| Fees for services: Lobbying | $78,935 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,091,778 |
| Advertising and promotion | $2,227,598 |
| Office expenses | $3,022,337 |
| Information technology | $23,194,668 |
| Royalties | $0 |
| Occupancy | $2,121,485 |
| Travel | $152,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $627,990 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,603 |
| Insurance | $14,736,004 |
| All other expenses | $10,741,283 |
| Total functional expenses | $218,131,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,763,174 |
| Savings and temporary cash investments | $859,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,954,192 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,058,925 |
| Inventories for sale or use | $1,227 |
| Prepaid expenses and deferred charges | $7,048,006 |
| Net Land, buildings, and equipment | $7,033,614 |
| Investments—publicly traded securities | $19,391,161 |
| Investments—other securities | $0 |
| Investments—program-related | $17,043,087 |
| Intangible assets | $28,069,446 |
| Other assets | $287,552 |
| Total assets | $107,509,510 |
| Accounts payable and accrued expenses | $24,172,714 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | -$1,889,495 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,846,098 |
| Total liabilities | $174,129,317 |
| Unrestricted restricted net Assets | -$66,619,807 |
| Temporarily restricted net Assets | $0 |
| 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 | -$66,619,807 |