Edward-Elmhurst Healthcare
- Assets
- $1.3b
- Revenue
- $270.0m
- Investments
- $152.1m
- Employees
- 1,445
- Location
- Warrenville, IL
- Founding
- 04/1988
- Data as of
- 06/2020
- EIN
- 36-3513954
Organization Overview
Edward-Elmhurst Healthcare is located in Warrenville, IL. The organization was established in 1988. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Edward-Elmhurst Healthcare employed 1,445 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward-Elmhurst 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 06/2020, Edward-Elmhurst Healthcare generated $270.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $211.9m during the year ending 06/2020. While expenses have increased by 20.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF EDWARD-ELMHURST IS ADVANCING THE HEALTH OF OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDWARD-ELMHURST HEALTHCARE SUPPORTS AND ENCOURAGES HEALTHCARE AND RELATED SERVICES BY PROVIDING FINANCIAL AND MANAGEMENT ASSISTANCE TO ITS EXEMPT AFFILIATES, INCLUDING EDWARD HOSPITAL, ELMHURST MEMORIAL HOSPITAL, NAPERVILLE PSYCHIATRIC VENTURES D/B/A LINDEN OAKS HOSPITAL, EDWARD HEALTH AND FITNESS CENTER, EDWARD FOUNDATION, AND ELMHURST MEMORIAL HOSPITAL FOUNDATION. THE SERVICES INCLUDE PROVIDING TOP LEVEL MANAGEMENT SERVICES AS WELL AS ADMINISTRATIVE SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Workday Inc Consulting | 12/30/21 | $3,930,032 |
Olander Group Inc Advertising Services | 12/30/21 | $3,363,635 |
Microsoft Corporation Maintenance | 12/30/21 | $4,018,913 |
Impact Advisors Consulting | 12/30/21 | $8,358,481 |
Epic Systems Corporation Maintenance | 12/30/21 | $4,834,870 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $24,780,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,150,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $269,982,869 |
| 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. | $6,328,381 |
| Compensation to disqualified persons | $1,162,817 |
| Other salaries and wages | $75,473,787 |
| Pension plan accruals and contributions | $5,193,876 |
| Other employee benefits | $6,200,626 |
| Payroll taxes | $5,612,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $959,730 |
| Fees for services: Accounting | $1,021,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,887,307 |
| Fees for services: Other | $26,483,677 |
| Advertising and promotion | $7,516,913 |
| Office expenses | $3,167,539 |
| Information technology | $29,966,961 |
| Royalties | $0 |
| Occupancy | $3,585,570 |
| Travel | $314,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,894,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,778,072 |
| Insurance | $3,650,065 |
| All other expenses | $0 |
| Total functional expenses | $211,909,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,907,102 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,058,342 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,632,727 |
| Investments—publicly traded securities | $822,597,957 |
| Investments—other securities | $152,097,679 |
| Investments—program-related | $35,560,702 |
| Intangible assets | $0 |
| Other assets | $20,372,782 |
| Total assets | $1,346,236,416 |
| Accounts payable and accrued expenses | $130,019,613 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $754,866,832 |
| 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 | $5,027,579 |
| Total liabilities | $889,914,024 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $456,322,392 |
Grants Awarded
Over the last fiscal year, Edward-Elmhurst Healthcare has awarded $33,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: Illinois Tour de Cure sponsorship | $25,000 |
Downers Grove, IL PURPOSE: 2021 DMG Charitable Fund Golf Outing - $5K Luncheon Sponsorship & Individual Golf Tickets 3 at $3K | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Lukes Health System Inc Kansas City, MO | $371,766,875 | $261,413,940 |
Edward-Elmhurst Healthcare Warrenville, IL | $1,346,236,416 | $269,982,869 |
Beacon Health System Inc South Bend, IN | $1,238,402,516 | $183,611,094 |
Northwest Community Healthcare Arlington Heights, IL | $634,169,512 | $38,406,845 |
Anderson Healthcare Maryville, IL | $41,437,636 | $29,425,681 |
Advocate Charitable Foundation Downers Grove, IL | $200,973,412 | $44,400,105 |
Gundersen Lutheran Medical Foundation Inc La Crosse, WI | $92,389,553 | $52,203,030 |
Kosair Charities Committee Inc Louisville, KY | $326,895,406 | $23,053,795 |
Kentuckyone Health Inc Lexington, KY | $15,206,136 | $12,087,828 |
Hospital Sisters Of St Francis Foundation Inc Springfield, IL | $115,855,911 | $14,666,018 |
Ascension Care Management Insurance Holdings St Louis, MO | $337,485,264 | $76,291,210 |
Iowa Health Foundation Des Moines, IA | $224,193,770 | $32,909,877 |