Northwest Memorial Healthcare
- Assets
- $9.1m
- Revenue
- $297.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 08/2018
- EIN
- 36-3726310
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. 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 $297.7k 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 (41.7%) each year. All expenses for the organization totaled $145.3k during the year ending 08/2018. As we would expect to see with falling revenues, expenses have declined by (54.0%) per year over the past 4 years. 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
TO ENGAGE THE COMMUNITY IN PHILANTHROPY TO PROMOTE THE INTERESTS OF CENTEGRA HEALTH SYSTEM BY BUILDING RELATIONSHIPS TO ENHANCE QUALITY HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTEGRA HEALTH SYSTEM FOUNDATION FUNDED A VARIETY OF EDUCATION SESSIONS FOR ASSOCIATES THROUGHOUT MEMORIAL MEDICAL CENTER.
THE CENTEGRA HEALTH SYSTEM FOUNDATION FUNDED SERVICES TO ENHANCE PATIENT EXPERIENCE THROUGHOUT THE HEALTH SYSTEM.
THE CENTEGRA HEALTH SYSTEM FOUNDATION FUNDED A VARIETY OF EDUCATION SESSIONS FOR ASSOCIATES THROUGHOUT NORTHERN ILLINOIS MEDICAL CENTER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Quinn Treasurer | OfficerTrustee | 0 | $0 |
Eric Ruth Secretary | OfficerTrustee | 0 | $0 |
Terrance J Bugno MD Chairman | OfficerTrustee | 0 | $0 |
Steve Rankins Vice Chairman | OfficerTrustee | 0 | $0 |
Cynthia Rooney-Olson Vice President | Officer | 0 | $0 |
Michael Tryon Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,417 |
| Investment income | $16,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$51,448 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,652 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $111,576 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,157 |
| Information technology | $6 |
| Royalties | $0 |
| Occupancy | $5,973 |
| Travel | $894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $145,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3,208 |
| Savings and temporary cash investments | $72,736 |
| Pledges and grants receivable | $989,113 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $5,171,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,907,268 |
| Total assets | $9,137,695 |
| Accounts payable and accrued expenses | $51,129 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $51,129 |
| Net assets without donor restrictions | $2,801,253 |
| Net assets with donor restrictions | $6,285,313 |
| 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 | $9,086,566 |
Grants Awarded
Over the last fiscal year, Northwest Memorial Healthcare has awarded $445,858 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: See Program Services Part III See Program Services Part III | $293,547 |
Chicago, IL PURPOSE: See Program Services Part III | $152,311 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Memorial Healthcare has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Gavers Community Cancer Foundation Woodstock, IL PURPOSE: CANCER TREATMENT AND RESEARCH | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |
Langlade Hospital-Hotel Dieu Of St Joseph Of Antigo Wisconsin Antigo, WI | $246,815,047 | $116,695,452 |
Northwest Memorial Healthcare Chicago, IL | $480,593,285 | $82,724,469 |
Thorek Memorial Hospital Chicago, IL | $512,859,760 | $127,922,496 |
St Lukes Des Peres Episcopal-Presbyterian Hospital Chesterfield, MO | $97,618,886 | $86,507,537 |
Ascension Via Christi Hospital Manhattan Inc St Louis, MO | $74,708,914 | $108,962,150 |
Mercy Medical Center of Oshkosh Inc Oshkosh, WI | $0 | $88,188,701 |
Loretto Hospital Chicago, IL | $32,559,170 | $88,416,844 |
Aspirus Medford Hospital & Clinics Inc Medford, WI | $193,217,464 | $105,652,472 |