Northshore University Healthsystem
- Assets
- $6.1b
- Revenue
- $563.4m
- Investments
- $1.6b
- Employees
- 13,026
- Location
- Evanston, IL
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 36-2167060
Organization Overview
Northshore University Healthsystem is located in Evanston, IL. The organization was established in 1996. 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 12/2021, Northshore University Healthsystem employed 13,026 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northshore University Healthsystem 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 12/2021, Northshore University Healthsystem generated $563.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $452.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Northshore University Healthsystem has awarded 306 individual grants totaling $832,965,561. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORE MISSION OF NORTHSHORE UNIVERSITY HEALTHSYSTEM IS TO "PRESERVE AND IMPROVE HUMAN LIFE."
Describe the Organization's Program Activity:
PATIENT CARE - SEE SCHEDULE O
EDUCATION - SEE SCHEDULE O
RESEARCH - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Management Services Facilities/diet Management | 12/30/21 | $52,434,311 |
Pepper Construction Company Construction Management | 12/30/21 | $31,762,594 |
Tmx Healthcare Technologies Llc Technology Management | 12/30/21 | $24,200,345 |
Kelly Scott & Madison Inc Media And Marketing | 12/30/21 | $13,502,025 |
University Of Chicago Medical Center Medical Education | 12/30/21 | $19,728,666 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,000 |
| Membership dues | $2,805 |
| Fundraising events | $0 |
| Related organizations | $1,146,479 |
| Government grants | $182,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,256,975 |
| Noncash contributions included in lines 1a–1f | $441,640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,643,322 |
| Total Program Service Revenue | $459,410,898 |
| Investment income | $13,603,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,000 |
| Net Rental Income | -$200,461 |
| Net Gain/Loss on Asset Sales | $71,798,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $58,781 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $563,380,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,386,988 |
| Grants and other assistance to domestic individuals. | $61,544 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,806,818 |
| Compensation of current officers, directors, key employees. | $10,065,296 |
| Compensation to disqualified persons | $13,777,329 |
| Other salaries and wages | $135,931,861 |
| Pension plan accruals and contributions | $10,446,968 |
| Other employee benefits | $617,873 |
| Payroll taxes | $10,745,904 |
| Fees for services: Management | $22,191,625 |
| Fees for services: Legal | $2,841,913 |
| Fees for services: Accounting | $258,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,050,147 |
| Fees for services: Other | $21,952,070 |
| Advertising and promotion | $2,685,693 |
| Office expenses | $6,904,727 |
| Information technology | $6,895,597 |
| Royalties | $0 |
| Occupancy | $8,958,457 |
| Travel | $313,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $257,635 |
| Interest | $2,089,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,429,661 |
| Insurance | $8,553,495 |
| All other expenses | $1,121,544 |
| Total functional expenses | $452,441,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,423,711 |
| Savings and temporary cash investments | $2,294,779 |
| Pledges and grants receivable | $5,087,880 |
| Accounts receivable, net | $243,799,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,419,330 |
| Prepaid expenses and deferred charges | $12,981,366 |
| Net Land, buildings, and equipment | $1,449,064,241 |
| Investments—publicly traded securities | $2,334,582,321 |
| Investments—other securities | $1,585,782,417 |
| Investments—program-related | $19,115,442 |
| Intangible assets | $0 |
| Other assets | $394,805,277 |
| Total assets | $6,125,356,122 |
| Accounts payable and accrued expenses | $204,182,198 |
| Grants payable | $0 |
| Deferred revenue | $11,816,328 |
| Tax-exempt bond liabilities | $534,085,689 |
| 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 | $1,556,622,371 |
| Total liabilities | $2,306,706,586 |
| Net assets without donor restrictions | $3,533,453,835 |
| Net assets with donor restrictions | $285,195,701 |
| 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 | $6,125,356,122 |
Grants Awarded
Over the last fiscal year, Northshore University Healthsystem has awarded $30,723,620 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: General Support | $30,106,789 |
Chicago, IL PURPOSE: Community Contribution | $333,333 |
Chicago, IL PURPOSE: Research | $84,650 |
UPSTATE AFFILIATE ORGANIZATION (UAO) PURPOSE: Research | $81,042 |
Coral Gables, FL PURPOSE: Research | $33,304 |
Chicago, IL PURPOSE: Community Contribution | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northshore University Healthsystem has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Allyn Foundation Incorporated A Delaware Corp Hinsdale, IL PURPOSE: MEDICAL SERVICES | $5,000 |
Rubin Katz Foundation Wilmette, IL PURPOSE: UNRESTRICTED | $2,500 |
Endowment Analysis
| Beg. Balance | $317,506,832 |
| Earnings | $16,801,567 |
| Other Expense | $4,301,829 |
| Ending Balance | $330,006,570 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |