South Shore Hospital Corporation
- Assets
- $18.4m
- Revenue
- $47.0m
- Investments
- $0.0
- Employees
- 466
- Location
- Chicago, IL
- Founding
- 02/1977
- Data as of
- 12/2022
- EIN
- 36-1799520
Organization Overview
South Shore Hospital Corporation is located in Chicago, IL. The organization was established in 1977. 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 12/2022, South Shore Hospital Corporation employed 466 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Shore Hospital Corporation 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, South Shore Hospital Corporation generated $47.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $47.7m during the year ending 12/2022. While expenses have increased by 0.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOUTH SHORE HOSPITAL CORPORATION IS A NOT-FOR-PROFIT HOSPITAL DEDICATED TO PROVIDING THE HIGHEST QUALITY OF HEALTHCARE POSSIBLE TO THE SOUTH SHORE COMMUNITY. THE CHARGES FORGONE FOR SERVICES FURNISHED UNDER ITS CHARITY CARE POLICY DURING THE YEAR ENDED DECEMBER 31, 2022 APPROXIMATED $997,654.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL IS AN ACUTE CARE FACILITY PROVIDING SERVICES TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE HOSPITAL PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY AT NO CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. THE CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY DURING THE YEAR ENDED DECEMBER 31, 2022 APPROXIMATED $342,208. IN ADDITION TO CHARITY CARE, THE HOSPITAL ALSO OFFERS OTHER COMMUNITY BENEFITS SUCH AS PROVIDING MENTORS AND VOLUNTEERS, AND IT ALSO SPONSORS HEALTH FAIRS THROUGHOUT THE COMMUNITY. EMPLOYEES OF THE HOSPITAL PARTICIPATE IN A MENTORING PROGRAM FOR CHILDREN WITHIN THE COMMUNITY. THE PROGRAM'S GOAL IS TO MOTIVATE STUDENTS TO COMPLETE THEIR HIGH SCHOOL EDUCATION WITH AN EMPHASIS ON THE OVERALL IMPORTANCE OF EDUCATION AND PRE-EMPLOYMENT PREPARATION.
THE HOSPITAL IS AN ACUTE CARE FACILITY PROVIDING SERVICES TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE HOSPITAL PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY AT NO CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. THE CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY DURING THE YEAR ENDED DECEMBER 31, 2022 APPROXIMATED $342,208. IN ADDITION TO CHARITY CARE, THE HOSPITAL ALSO OFFERS OTHER COMMUNITY BENEFITS SUCH AS PROVIDING MENTORS AND VOLUNTEERS, AND IT ALSO SPONSORS HEALTH FAIRS THROUGHOUT THE COMMUNITY. EMPLOYEES OF THE HOSPITAL PARTICIPATE IN A MENTORING PROGRAM FOR CHILDREN WITHIN THE COMMUNITY. THE PROGRAM'S GOAL IS TO MOTIVATE STUDENTS TO COMPLETE THEIR HIGH SCHOOL EDUCATION WITH AN EMPHASIS ON THE OVERALL IMPORTANCE OF EDUCATION AND PRE-EMPLOYMENT PREPARATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman | OfficerTrustee | 10 | $0 |
Name Not Listed Assistant Administrator/ CEO Effective July 2022 | OfficerTrustee | 40 | $246,634 |
Name Not Listed Vice President/secretary | OfficerTrustee | 10 | $0 |
Name Not Listed Chairman Of The Board | OfficerTrustee | 10 | $0 |
Name Not Listed President And CEO Through July 2022 | OfficerTrustee | 40 | $279,247 |
Name Not Listed Treasurer | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Complete Rx Ltd Pharmacy Management | 12/30/22 | $2,035,782 |
Ilind Em-i Medical Services Inc Emergency Room Physicians | 12/30/22 | $1,624,993 |
Professional Nursing Inc Nursing Agency | 12/30/22 | $962,541 |
Pulmonary Exchange Ltd Nursing Agency | 12/30/22 | $930,744 |
Steven Greenwald Md Physician | 12/30/22 | $453,750 |
Complete Rx Ltd Pharmacy Management | 12/30/22 | $2,035,782 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,717 |
| Related organizations | $0 |
| Government grants | $16,200,674 |
| 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 | $16,214,391 |
| Total Program Service Revenue | $30,693,416 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,039,828 |
| 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. | $835,135 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $24,106,406 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,749,330 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $50,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,157,587 |
| Advertising and promotion | $0 |
| Office expenses | $845,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $893,089 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $844,292 |
| Insurance | -$350,094 |
| All other expenses | $592,906 |
| Total functional expenses | $47,695,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,634,316 |
| Savings and temporary cash investments | $414,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,872,034 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $555,418 |
| Prepaid expenses and deferred charges | $130,532 |
| Net Land, buildings, and equipment | $8,685,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,471 |
| Total assets | $18,381,938 |
| Accounts payable and accrued expenses | $7,419,741 |
| 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 | $9,799,091 |
| Total liabilities | $17,218,832 |
| Net assets without donor restrictions | $1,163,106 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,381,938 |