Swedish American Hospital is located in Rockford, IL. The organization was established in 1936. 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, Swedish American Hospital employed 4,199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swedish American Hospital 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, Swedish American Hospital generated $637.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $627.7m during the year ending 06/2020. While expenses have increased by 3.5% 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 2017, Swedish American Hospital has awarded 22 individual grants totaling $3,311,224. 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
THROUGH EXCELLENCE IN HEALTHCARE AND COMPASSIONATE SERVICE, WE CARE FOR OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWEDISHAMERICAN HOSPITAL (SAH) OPERATES TWO FULL SERVICE ACUTE CARE HOSPITALS WITH A COMBINED TOTAL OF 373 LICENSED BEDS SERVING THE GREATER ROCKFORD REGION, NORTHERN ILLINOIS AND SOUTHERN WISCONSIN. OUR VISION IS TO DEVELOP A FULLY INTEGRATED HEALTHCARE DELIVERY NETWORK THAT WILL CONTINUOUSLY SET THE STANDARD FOR QUALITY CARE AND SERVICE, ACCEPT RESPONSIBILITY FOR BUILDING A HEALTHIER POPULATION, PROVIDE REGIONAL ACCESS, IMPROVE RESOURCE UTILIZATION THROUGH COLLABORATION WITH KEY STAKEHOLDERS, AND MANAGE PATIENT CARE AND OUR RESOURCES IN SUCH A WAY THAT WE CREATE VALUE FOR OUR PATIENTS AND BENEFIT FOR OUR COMMUNITY. DURING 2021, WE CARED FOR 17,993 INPATIENTS AND PERFORMED 1,263,865 OUTPATIENT PROCEDURES. THIS INCLUDES 69,763 EMERGENCY ROOM VISITS AND 2,671 DELIVERIES. WE SPONSOR THE UNIVERSITY OF ILLINOIS - COLLEGE OF MEDICINE PROGRAM AND PROVIDED $5.4 MILLION IN EDUCATION FOR PRIMARY CARE RESIDENTS. OUR EMPLOYEES AND VOLUNTEERS PROVIDED NEAR 3,300 HOURS IN UNPAID COMMUNITY SERVICES. SWEDISHAMERICAN RECOGNIZES ITS RESPONSIBILITY TO ALL THE PEOPLE OF OUR COMMUNITY, REGARDLESS OF THEIR ABILITY TO PAY FOR CARE.
SWEDISHAMERICAN HOSPITAL EMPLOYS PRIMARY CARE AND SPECIALTY PHYSICIANS WHO PRACTICE AT 34 LOCATIONS THROUGHOUT OUR SERVICE AREA. WE EMPLOY SPECIALISTS IN ORTHOPEDICS, CARDIOLOGY, CARDIOTHORACIC SURGERY, ENDOCRINOLOGY, ALLERGY, NEUROLOGY, NEUROSURGERY, PULMONOLOGY/CRITICAL CARE, HEMATOLOGY/ONCOLOGY, OBSTETRICS AND GYNECOLOGY, MATERNAL FETAL MEDICINE, RHEUMATOLOGY, PSYCHIATRY, PODIATRY, OTOLARYNGOLOGY, AS WELL AS INTERNAL MEDICINE, FAMILY PRACTICE, IMMEDIATE CARE AND PEDIATRIC PHYSICIANS. DURING 2021, OUR PHYSICIAN ENCOUNTERS WERE 439,116.
SWEDISHAMERICAN REGIONAL CANCER CENTER OPENED TO THE PUBLIC IN OCTOBER 2013 AND HAS BEEN PROVIDING LEADING EDGE CANCER CARE TREATMENT FOR THE ROCK RIVER VALLEY. THE CENTER IS PART OF A COLLABORATIVE WITH UW HEALTH AND ITS NATIONALLY RECOGNIZED UNIVERSITY OF WISCONSIN CARBONE CANCER CENTER. THE TWO-STORY FACILITY OFFERS RADIATION THERAPY, MEDICAL ONCOLOGY, CHEMOTHERAPY AND INFUSION SERVICES. PATIENTS HAVE ACCESS TO CLINICAL TRIALS, STATE-OF-THE-ART LINEAR ACCELERATORY TREATMENTS SUCH AS IGRT, IMRT, RAPID ARC, OBI AND STEREOTACTIC SERVICES, AND ADVANCED MEDICAL IMAGING. THE REGIONAL CANCER CENTER IS STAFFED BY MEDICAL AND RADIATION ONCOLOGISTS, PHYSICISTS, DOSIMETRISTS, RADIATION THERAPISTS AND NURSES. DURING 2021, OUR OUT-PATIENT ENCOUNTERS WERE OVER 26,086.
SWEDISHAMERICAN HOME HEALTH CARE IS A QUALITY LEADER IN PROVIDING INDIVIDUALIZED CARE IN PATIENTS' HOMES. WORKING IN PARTNERSHIP WITH A PATIENT'S DOCTOR, OUR CERTIFIED, TRAINED STAFF PROVIDES A WIDE RANGE OF SERVICES AND SPECIALIZES IN HELPING PATIENTS TO REMAIN INDEPENDENT AND COMFORTABLE. OUR EXPERIENCED CAREGIVERS INCLUDE REGISTERED NURSES; CERTIFIED NURSING ASSISTANTS, DIETITIANS; PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS; AND MEDICAL SOCIAL WORKERS. RNS PROVIDE ASSESSMENTS, TREATMENTS AND MEDICATION ADMINISTRATION AND PATIENT EDUCATION/TEACHING. OUR THERAPISTS PROVIDE ASSESSMENTS AND TREATMENTS. MEDICAL SOCIAL WORKERS ASSIST WITH ASSESSMENTS, COUNSELING AND HELPING PATIENTS AND THEIR FAMILIES' ACCESS AVAILABLE COMMUNITY RESOURCES. CNAS PROVIDE BATHS AND PERSONAL GROOMING. OUR STAFF HAS THE CREDENTIALS AND ADVANCED TRAINING NEEDED TO ASSURE THAT PATIENTS RECEIVE THE HIGHEST QUALITY OF CARE POSSIBLE. DURING 2021, WE RECORDED 20,334 VISITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jateen Patel MD Physician | 40 | $1,144,002 | |
Mohamed Zeater MD Physician | 40 | $890,427 | |
Ben Durkee MD Physician | 40 | $789,091 | |
Yaser Siraj MD Physician | 40 | $765,465 | |
Tarek Harb MD Physician | 40 | $760,771 | |
Michael J Born MD Former President & CEO | 0 | $676,953 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ringland Johnson Construction Construction Services | 6/29/21 | $33,247,097 |
Sound Physicians Of Illinois Physician Services | 6/29/21 | $4,597,670 |
Infinity Healthcare Physicians Physician Services | 6/29/21 | $2,870,888 |
University Of Illinois Physician Services | 6/29/21 | $4,501,914 |
Rockford Anesthesiologists Physician Services | 6/29/21 | $2,720,997 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,157,310 |
Investment income | $8,443,603 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$11,420 |
Net Gain/Loss on Asset Sales | $4,128,714 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $637,025,862 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $12,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $7,560,395 |
Compensation to disqualified persons | $400,649 |
Other salaries and wages | $230,559,249 |
Pension plan accruals and contributions | $9,593,594 |
Other employee benefits | $35,053,879 |
Payroll taxes | $15,393,035 |
Fees for services: Management | $0 |
Fees for services: Legal | $422,576 |
Fees for services: Accounting | $232,875 |
Fees for services: Lobbying | $119,573 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $514,506 |
Fees for services: Other | $44,338,333 |
Advertising and promotion | $2,438,571 |
Office expenses | $6,915,025 |
Information technology | $7,682,916 |
Royalties | $0 |
Occupancy | $18,773,946 |
Travel | $242,219 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $331,326 |
Interest | $2,690,770 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $24,237,308 |
Insurance | $6,665,578 |
All other expenses | $0 |
Total functional expenses | $627,676,366 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $97,707,394 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $56,586,593 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $10,710,309 |
Prepaid expenses and deferred charges | $11,448,658 |
Investments—publicly traded securities | $23,007,677 |
Investments—other securities | $265,847,805 |
Investments—program-related | $4,738,682 |
Intangible assets | $0 |
Other assets | $106,599,294 |
Total assets | $973,707,288 |
Accounts payable and accrued expenses | $86,591,974 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $234,244,199 |
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 | $125,631,801 |
Total liabilities | $446,467,974 |
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 | $527,239,314 |
Over the last fiscal year, Swedish American Hospital has awarded $225,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
CITY OF ROCKFORD FIRE DEPARTMENT PURPOSE: Funding for a paramedic for the mobile integrated healthcare program | $125,000 |
Olympia Fields, IL PURPOSE: Federally qualified health center that provides health services to uninsured and underserved in our community | $100,000 |
Over the last fiscal year, we have identified 1 grants that Swedish American Hospital has recieved totaling $8,000.
Awarding Organization | Amount |
---|---|
Gloyd Family Foundation Peoria, IL PURPOSE: HEALTH CARE SERVICES | $8,000 |
Beg. Balance | $6,911,513 |
Earnings | $946,640 |
Net Contributions | $8,944 |
Other Expense | $11,955 |
Ending Balance | $7,855,142 |
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 |