Northwestern Memorial Healthcare
- Assets
- $5.2m
- Revenue
- $286.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 32-0517854
Organization Overview
Northwestern Memorial Healthcare is located in Chicago, IL. The organization was established in 2017. 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. 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 12/2022, Northwestern Memorial Healthcare generated $286.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RADIATION ONCOLOGY SERVICES TO A COMMUNITY IN NEED LOCATED IN THE CHICAGO, ILLINOIS SOUTHWEST SUBURBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTH CAMPUS PARTNERS (SCP) GAVE 178 TREATMENTS ON THE VARIAN TRUEBEAM AND 10 TREATMENTS ON VIEWRAY MRIDIAN BETWEEN JULY-DECEMBER 2022. SCP SAW A TOTAL OF 85 NEW PATIENTS DURING THE YEAR. SERVICES WERE REDUCED DUE TO THE CHANGE IN PARTNERSHIP OWNERSHIP AS OF JANUARY 1, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff L Good President | OfficerTrustee | 1.25 | $0 |
Daniel Isacksen Chief Financial Officer Until 11/22 | OfficerTrustee | 2 | $0 |
Melissa Lukasick Chief Financial Officer | OfficerTrustee | 2 | $0 |
Kelli L Doyle Board Member | Trustee | 1.25 | $0 |
Dr Richard Freeman Board Member | Trustee | 1.25 | $0 |
Peggy Norton-Rosko Board Member | Trustee | 1.25 | $0 |
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 | $160,119 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,906 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $286,434 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,849 |
| Payroll taxes | $11,166 |
| Fees for services: Management | $19,098 |
| 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 | $573 |
| Information technology | $215,432 |
| Royalties | $0 |
| Occupancy | $74 |
| Travel | $0 |
| 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 | $275,436 |
| Depreciation, depletion, and amortization | $858,871 |
| Insurance | $206,626 |
| All other expenses | $0 |
| Total functional expenses | $2,145,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,023 |
| 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 | $143,137 |
| Net Land, buildings, and equipment | $4,812,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,189,697 |
| Accounts payable and accrued expenses | $150,676 |
| 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 | $150,676 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,761,859 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,722,838 |
| Total liabilities and net assets/fund balances | $5,189,697 |