Northwest Memorial Healthcare
- Assets
- $124.9m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 663
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 08/2018
- EIN
- 36-2179764
Organization Overview
Northwest Memorial Healthcare is located in Chicago, IL. The organization was established in 2011. 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 06/2018, Northwest Memorial Healthcare employed 663 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Northwest 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 08/2018, Northwest Memorial Healthcare generated $9.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.0%) each year. All expenses for the organization totaled $10.7m during the year ending 08/2018. As we would expect to see with falling revenues, expenses have declined by (45.9%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MEMORIAL MEDICAL CENTER IS TO PROVIDE QUALITY HEALTHCARE SERVICES WITH INNOVATIVE AND RESPONSIBLE USE OF RESOURCES AND PROMOTE WELLNESS FOR THE MCHENRY COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Oetgen Mgr Inpatient Rx-Termed 3/2018 | 40 | $169,883 | |
Rebecca Huff Director Of Patient Experience | 40 | $159,076 | |
Dylan Degraw Director - Risk Couns. | 40 | $138,578 | |
Todd Schroll Vice President Operations | 40 | $131,333 | |
Alphonsus Brady Pharmacist | 40 | $123,179 | |
Michael Eesley Chief Executive Officer | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardinal Health - Aurora Div Healthcare Services | 6/29/18 | $1,378,463 |
Sodexo Inc Affiliates Housekeeping | 6/29/18 | $1,105,590 |
Ge Healthcare Healthcare Services | 6/29/18 | $594,562 |
Healthcare And Family Services Healthcare Services | 6/29/18 | $6,721,766 |
Carefusion Pyxis Med. Tech. Services | 6/29/18 | $548,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,009 |
| Investment income | $153,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,324 |
| Net Gain/Loss on Asset Sales | $1,695,225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,558,312 |
| Statement of Expenses | |
|---|---|
| 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. | $116,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,575,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $523,138 |
| Payroll taxes | $189,942 |
| Fees for services: Management | $35,189 |
| 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 | $250,784 |
| Advertising and promotion | $0 |
| Office expenses | -$61,998 |
| Information technology | $66 |
| Royalties | $0 |
| Occupancy | $105,621 |
| Travel | $7,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,838 |
| Interest | $568,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,925 |
| Insurance | $129,473 |
| All other expenses | $488,725 |
| Total functional expenses | $10,682,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,187,740 |
| Savings and temporary cash investments | $1,054,977 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,281,382 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $372,895 |
| Prepaid expenses and deferred charges | $233,426 |
| Investments—publicly traded securities | $19,969,352 |
| Investments—other securities | $0 |
| Investments—program-related | $3,814,121 |
| Intangible assets | $0 |
| Other assets | $59,915,088 |
| Total assets | $124,906,887 |
| Accounts payable and accrued expenses | $9,188,073 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $72,898,488 |
| 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 | $817,544 |
| Other liabilities | $0 |
| Total liabilities | $82,904,105 |
| Net assets without donor restrictions | $39,214,374 |
| Net assets with donor restrictions | $2,788,408 |
| 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 | $42,002,782 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Memorial Healthcare has recieved totaling $152,311.
| Awarding Organization | Amount |
|---|---|
Northwest Memorial Healthcare Chicago, IL PURPOSE: See Program Services Part III | $152,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Francis Hospital Sisters Of The Third Order Of St Francis Litchfield, IL | $115,024,581 | $58,904,775 |
Shenandoah Medical Center Shenandoah, IA | $66,279,280 | $53,754,700 |
Harrisburg Medical Center Inc Harrisburg, IL | $43,345,882 | $39,197,825 |
Owensboro Health Twin Lakes Regional Medical Center Inc Owensboro, KY | $55,501,629 | $56,278,932 |
Pekin Memorial Hospital Pekin, IL | $70,050,108 | $60,677,158 |
Ascension Borgess Allegan Hospital St Louis, MO | $32,866,970 | $39,637,859 |
Northwest Memorial Healthcare Chicago, IL | $87,933,488 | $39,660,179 |
Cox-Monett Hospital Inc Monett, MO | $76,112,407 | $40,685,063 |
South Shore Hospital Corporation Chicago, IL | $16,996,532 | $44,544,665 |
Stoughton Hospital Association Stoughton, WI | $89,267,867 | $58,913,821 |
Rochelle Community Hospital Association Rochelle, IL | $69,512,926 | $53,740,580 |
The Howard Young Medical Center Inc Wausau, WI | $105,216,633 | $31,671,206 |