Northwestern Memorial Healthcare
- Assets
- $668.1m
- Revenue
- $435.2m
- Investments
- $0.0
- Employees
- 3,501
- Location
- Chicago, IL
- Founding
- 05/1986
- Data as of
- 12/2020
- EIN
- 36-2169179
Organization Overview
Northwestern Memorial Healthcare is located in Chicago, IL. The organization was established in 1986. 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 08/2023, Northwestern Memorial Healthcare employed 3,501 individuals. 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 12/2020, Northwestern Memorial Healthcare generated $435.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $465.2m during the year ending 12/2020. While expenses have increased by 3.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PALOS COMMUNITY HOSPITAL (PALOS) IS A 501(C)(3) COMMUNITY HOSPITAL WHOSE PRIMARY OBJECTIVE IS THE PROVISION OF INPATIENT AND OUTPATIENT SERVICES THAT ARE RESPONSIVE TO THE HEALTH CARE NEEDS OF THE RESIDENTS OF SOUTHWESTERN COOK COUNTY AND NORTHEASTERN SECTIONS OF WILL COUNTY.
Describe the Organization's Program Activity:
PALOS HOSPITAL PROVIDES INPATIENT AND OUTPATIENT HEALTH CARE SERVICES. THE HOSPITAL HAS 425 LICENSED BEDS AND IS LOCATED 22 MILES FROM DOWNTOWN CHICAGO SERVING THE SOUTHWEST SUBURBS. DURING FISCAL YEAR 2020, THE HOSPITAL PROVIDED MORE THAN 86,900 PATIENT DAYS AND MORE THAN 163,000 OUTPATIENT VISITS TO THE COMMUNITY. PLEASE VISIT PALOSHEALTH.COM FOR ADDITIONAL INFORMATION REGARDING OUR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Terrence Moisan President & CEO | OfficerTrustee | 21 | $864,215 |
William Earman Physician | 40 | $572,568 | |
Imad Qayyum Physician | 40 | $531,537 | |
Thomas Quinn Physician | 40 | $494,598 | |
Paul Striegel Physician | 40 | $446,123 | |
Chaher H Alhandalous Physician | 40 | $434,108 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tmx Healthcare Technologies Equipment Maintenance Services | 12/30/20 | $4,532,350 |
Walsh Construction Ii Llc Construction Services | 12/30/20 | $2,414,406 |
Epic System Corporation Computer Software Services | 12/30/20 | $4,333,241 |
Michuda Construction Construction Services | 12/30/20 | $1,985,356 |
Radiology & Nuclear Consultants Physician Services | 12/30/20 | $1,801,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,064,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,136,896 |
| Total Program Service Revenue | $384,762,646 |
| Investment income | $190,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,827,040 |
| 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 | $435,235,363 |
| 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. | $2,854,095 |
| Compensation of current officers, directors, key employees. | $2,854,095 |
| Compensation to disqualified persons | $166,766 |
| Other salaries and wages | $185,901,630 |
| Pension plan accruals and contributions | $8,405,050 |
| Other employee benefits | $21,981,005 |
| Payroll taxes | $12,975,291 |
| Fees for services: Management | $5,418,027 |
| Fees for services: Legal | $112,200 |
| Fees for services: Accounting | $134,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,950,196 |
| Advertising and promotion | $460,812 |
| Office expenses | $3,448,664 |
| Information technology | $9,895,154 |
| Royalties | $0 |
| Occupancy | $17,060,446 |
| Travel | $384,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,180 |
| Interest | $9,560,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,984,231 |
| Insurance | $23,286,910 |
| All other expenses | $11,867,236 |
| Total functional expenses | $465,184,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,155 |
| Savings and temporary cash investments | $46,225,136 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,239,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,098 |
| Inventories for sale or use | $11,609,225 |
| Prepaid expenses and deferred charges | $4,714,303 |
| Net Land, buildings, and equipment | $510,730,537 |
| Investments—publicly traded securities | $32,952,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $96,660 |
| Other assets | $23,501,058 |
| Total assets | $668,091,225 |
| Accounts payable and accrued expenses | $85,670,314 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $290,230,000 |
| 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 | $51,835,503 |
| Total liabilities | $427,735,817 |
| Net assets without donor restrictions | $240,171,091 |
| Net assets with donor restrictions | $184,317 |
| 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 | $668,091,225 |