Rush University Medical Center
- Assets
- $4.0b
- Revenue
- $2.1b
- Investments
- $1.1b
- Employees
- 13,590
- Location
- Chicago, IL
- Founding
- 03/1960
- Data as of
- 06/2020
- EIN
- 36-2174823
Organization Overview
Rush University Medical Center is located in Chicago, IL. The organization was established in 1960. 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 06/2021, Rush University Medical Center employed 13,590 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rush University Medical Center 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 06/2020, Rush University Medical Center generated $2.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $2.2b during the year ending 06/2020. While expenses have increased by 5.5% 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.
Since 2015, Rush University Medical Center has awarded 54 individual grants totaling $1,147,436. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF RUSH IS TO IMPROVE THE HEALTH OF THE INDIVIDUALS AND DIVERSE COMMUNITIES WE SERVE THROUGH THE INTEGRATION OF OUTSTANDING PATIENT CARE, EDUCATION, RESEARCH AND COMMUNITY PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE: RUSH UNIVERSITY MEDICAL CENTER (RUMC) IS AN ACADEMIC MEDICAL CENTER THAT BRINGS TOGETHER EXCELLENCE IN CLINICAL CARE AND RESEARCH TO ADDRESS MAJOR HEALTH PROBLEMS. THE HOSPITAL OPERATIONS OF RUSH UNIVERSITY MEDICAL CENTER ARE LICENSED BY THE STATE OF ILLINOIS TO OPERATE 727 BEDS AND INCLUDES THE JOHNSTON R. BOWMAN HEALTH CENTER, WHICH PROVIDES MEDICAL AND REHABILITATIVE CARE TO OLDER ADULTS AND PEOPLE WITH SHORT- AND LONG-TERM DISABILITIES, AND RUSH UNIVERSITY CHILDREN'S HOSPITAL. ACCORDING TO COMPDATA, RUMC IS THE THIRD LARGEST HOSPITAL PROVIDER IN THE EIGHT COUNTY CHICAGO METROPOLITAN AREA AS MEASURED BY MARKET SHARE. IT ALSO INCLUDES A FACULTY PRACTICE PLAN, RUSH UNIVERSITY MEDICAL GROUP, WHICH EMPLOYED 687 PHYSICIANS AS OF JUNE 30, 2021. IN FY2021, RUSH PROVIDED PATIENT CARE TO 30,530 INPATIENTS FOR A TOTAL OF 174,577 PATIENT DAYS, 11,858 OBSERVATION CASES, 62,894 EMERGENCY DEPARTMENT VISITS AND 706,091 PROVIDER VISITS. IN U.S. NEWS & WORLD REPORT'S 2021-2022 BEST HOSPITALS RANKINGS, RUSH UNIVERSITY MEDICAL CENTER RANKED 19TH OUT MORE THAN 3,000 HOSPITALS EVALUATED, QUALIFYING FOR THE HONOR ROLL. RUSH RANKED AMONG THE TOP 50 HOSPITALS IN NINE SPECIALTIES, WITH TWO IN THE TOP FIVE NATIONALLY AND THREE ARE THE HIGHEST-RANKED PROGRAMS IN ILLINOIS. THE MEDICAL CENTER IS RANKED IN ORTHOPEDICS (6TH IN THE COUNTRY, TOPS IN ILLINOIS), NEUROLOGY AND NEUROSURGERY (3RD, TOPS IN ILLINOIS), GYNECOLOGY (20TH, TOPS IN ILLINOIS), GERIATRICS (16TH), CANCER (48TH), CARDIOLOGY (42ND), EAR, NOSE AND THROAT (45TH), GASTROENTEROLOGY AND GASTROINTESTINAL SURGERY (21ST) AND PULMONARY AND LUNG SURGERY (28TH). IN ADDITION, THE MEDICAL CENTER RECEIVED A HIGH-PERFORMING RANKING IN ONE OTHER SPECIALTY, UROLOGY, AS WELL AS IN 14 COMMON ADULT CONDITIONS AND PROCEDURES. SEE SCHEDULE H FOR A NON-EXHAUSTIVE LIST OF COMMUNITY BENEFIT PROGRAMS AND DESCRIPTIONS.
RESEARCH: BECAUSE RUSH IS AN ACADEMIC MEDICAL CENTER, RESEARCH AND CLINICAL CARE COME TOGETHER IN INNOVATIVE AND INSPIRING WAYS THAT HAVE THE POWER TO TRANSFORM LIVES. EVEN IF RESEARCH WORK STARTS IN A LABORATORY, IT WON'T STAY THERE. DISCOVERIES IN RUSH'S LABS LEAD TO ADVANCES IN PATIENT CARE, WHILE OBSERVATIONS IN CLINICAL SETTINGS INSPIRE RESEARCH STUDIES DESIGNED TO IMPROVE THE WAY WE TREAT PATIENTS. THIS APPROACH, KNOWN AS TRANSLATIONAL RESEARCH, HAS LED TO BREAKTHROUGHS IN PATIENT CARE AT RUSH THROUGHOUT THE YEARS. INVESTIGATORS AT RUSH ARE INVOLVED IN MORE THAN 1,500 PROJECTS, INCLUDING HUNDREDS OF CLINICAL STUDIES TO TEST THE EFFECTIVENESS AND SAFETY OF NEW THERAPIES AND MEDICAL DEVICES, AS WELL AS TO EXPAND SCIENTIFIC AND MEDICAL KNOWLEDGE. TOTAL RESEARCH AWARDS IN FY2021 TOPPED $105 MILLION.
EDUCATION: RUSH UNIVERSITY IS A HEALTH SCIENCES UNIVERSITY THAT INCLUDES RUSH MEDICAL COLLEGE, THE COLLEGE OF NURSING, THE COLLEGE OF HEALTH SCIENCES AND THE GRADUATE COLLEGE. FOUNDED IN 1837, RUSH MEDICAL COLLEGE HAS AN ACCLAIMED HISTORY AS ONE OF THE FIRST MEDICAL COLLEGES IN THE MIDWEST AND CONTINUES TO MAKE MAJOR CONTRIBUTIONS TO MEDICAL SCIENCE AND EDUCATION THROUGH RESEARCH AND CLINICAL TRIALS. THE COLLEGE OF NURSING IS ONE OF THE NATION'S TOP-RANKED NURSING COLLEGES WITH A NATIONAL REPUTATION FOR CLINICAL EXCELLENCE THAT HELPS MAKE OUR GRADUATES HIGHLY SOUGHT AFTER BY TOP HEALTH CARE EMPLOYERS AROUND THE COUNTRY. THE COLLEGE OF HEALTH SCIENCES HAS BEEN RESPONSIBLE FOR EDUCATION AND RESEARCH IN THE ALLIED HEALTH PROFESSIONS. THE GRADUATE COLLEGE OFFERS MASTERS AND DOCTORAL PROGRAMS FOR THE NEXT GENERATION OF EXCEPTIONAL RESEARCH AND HEALTH CARE PROFESSIONALS. THE MEDICAL CENTER ALSO OFFERS MANY HIGHLY SELECTIVE RESIDENCY AND FELLOWSHIP PROGRAMS IN MEDICAL AND SURGICAL SPECIALTIES AND SUBSPECIALTIES. RUSH'S UNIQUE PRACTITIONER-TEACHER MODEL FOR HEALTH SCIENCES EDUCATION AND RESEARCH PROVIDES ITS STUDENTS THE OPPORTUNITY TO LEARN FROM WORLD-RENOWNED INSTRUCTORS WHO PRACTICE WHAT THEY TEACH. WITH MORE THAN 40 DEGREE AND CERTIFICATE OPTIONS AND 60 POSTGRADUATE TRAINING PROGRAMS, RUSH EDUCATED MORE THAN 2,800 STUDENTS IN FY2021. RUSH UNIVERSITY PROVIDES OUTSTANDING HEALTH SCIENCES EDUCATION AND CONDUCTS MAJOR RESEARCH IN A CULTURE OF INCLUSION, FOCUSED ON THE PROMOTION AND PRESERVATION OF THE HEALTH AND WELL BEING OF OUR DIVERSE COMMUNITIES.
OTHER PROGRAM SERVICES: RUSH PROVIDES VARIOUS SERVICES FOR THE BENEFIT OF ITS PATIENTS AND VISITORS, SUCH AS PARKING, FOOD SERVICES AND INTERPRETER SERVICES. RUSH ALSO SPONSORS A NUMBER OF PROGRAMS IN THE COMMUNITY FOCUSED ON IMPROVING HEALTH, EXPANDING EDUCATION IN HEALTH-RELATED CAREERS, COMMUNITY-BASED RESEARCH TO REDUCE HEALTH DISPARITIES AND INITIATIVES TO PROVIDE ECONOMIC DEVELOPMENT AND JOB CREATION. RUSH PROGRAMS INFLUENCED TENS OF THOUSANDS OF LIVES IN FY2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Powerujamaa 4 Llc Construction | 6/29/21 | $70,138,393 |
Jones Lang Lasalle Americas Management Services | 6/29/21 | $45,902,180 |
Epic Systems Corporation Software Maintenance | 6/29/21 | $8,533,997 |
Ankura Consulting Group Llc Consulting | 6/29/21 | $7,659,665 |
Total Renal Care Dialysis Services | 6/29/21 | $5,560,819 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,965,950 |
| Investment income | $54,082,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,677,616 |
| Net Gain/Loss on Asset Sales | -$5,025,675 |
| Net Income from Fundraising Events | -$12,602 |
| Net Income from Gaming Activities | $58,835 |
| Net Income from Sales of Inventory | $141,991,306 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,129,968,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $15,375,403 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $34,458,012 |
| Compensation to disqualified persons | $9,266,450 |
| Other salaries and wages | $875,941,659 |
| Pension plan accruals and contributions | $40,492,879 |
| Other employee benefits | $84,286,448 |
| Payroll taxes | $63,308,079 |
| Fees for services: Management | $101,314,953 |
| Fees for services: Legal | $4,947,667 |
| Fees for services: Accounting | $913,776 |
| Fees for services: Lobbying | $695,043 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,380,799 |
| Fees for services: Other | $74,295,221 |
| Advertising and promotion | $5,771,918 |
| Office expenses | $8,906,807 |
| Information technology | $45,822,875 |
| Royalties | $180,489 |
| Occupancy | $21,049,255 |
| Travel | $2,526,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,176,312 |
| Interest | $23,493,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,821,872 |
| Insurance | $57,062,247 |
| All other expenses | $0 |
| Total functional expenses | $2,206,271,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,144 |
| Savings and temporary cash investments | $483,794,041 |
| Pledges and grants receivable | $43,904,345 |
| Accounts receivable, net | $368,300,601 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,892,494 |
| Prepaid expenses and deferred charges | $21,497,044 |
| Investments—publicly traded securities | $571,153,892 |
| Investments—other securities | $1,060,525,468 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,273,702 |
| Total assets | $4,025,213,121 |
| Accounts payable and accrued expenses | $492,615,150 |
| Grants payable | $0 |
| Deferred revenue | $17,340,754 |
| Tax-exempt bond liabilities | $772,725,891 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $744,886,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,381,785 |
| Total liabilities | $2,111,950,010 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,913,263,111 |
Grants Awarded
Over the last fiscal year, Rush University Medical Center has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Sponsorship | $15,000 |
Independence, OH PURPOSE: Vaccine Campaign | $15,000 |
Chicago, IL PURPOSE: General Support | $10,000 |
FIREBRAND ARTS NETWORK PURPOSE: General Support | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Rush University Medical Center has recieved totaling $161,500.
| Awarding Organization | Amount |
|---|---|
Gavers Community Cancer Foundation Woodstock, IL PURPOSE: CANCER RESEARCH | $100,000 |
Consolidated Anti-Aging Foundation Naples, FL PURPOSE: CONTRIBUTION | $35,000 |
The Barr Fund Chicago, IL PURPOSE: GENERAL FUND | $10,000 |
Robert & Terri Cohn Family Foundation Naples, FL PURPOSE: HOSPITAL CARE. | $10,000 |
The Barr Fund Chicago, IL PURPOSE: GENERAL FUND | $6,500 |
Endowment Analysis
| Beg. Balance | $616,333,138 |
| Earnings | $222,254,047 |
| Admin Expense | $187,365 |
| Net Contributions | $10,942,228 |
| Other Expense | $17,554,870 |
| Grants | $4,245,836 |
| Ending Balance | $827,541,342 |
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 |