Adventist Midwest Health
- Assets
- $609.9m
- Revenue
- $513.5m
- Investments
- $628.7k
- Employees
- 3,527
- Location
- Hinsdale, IL
- Founding
- 05/1965
- Data as of
- 12/2022
- EIN
- 36-2276984
Organization Overview
Adventist Midwest Health is located in Hinsdale, IL. The organization was established in 1965. 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 12/2022, Adventist Midwest Health employed 3,527 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adventist Midwest Health 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 12/2022, Adventist Midwest Health generated $513.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $525.0m during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 8 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 2014, Adventist Midwest Health has awarded 77 individual grants totaling $9,844,533. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF MEDICAL CARE TO THE COMMUNITY THROUGH THE OPERATION OF TWO HOSPITALS.
Describe the Organization's Program Activity:
OPERATION OF ADVENTHEALTH HINSDALE, A 261-BED ACUTE CARE HOSPITAL WITH 10,062 ADMISSIONS, 46,361 PATIENT DAYS AND 141,601 OUTPATIENT VISITS; AND ADVENTHEALTH LA GRANGE, A 177-BED ACUTE CARE HOSPITAL WITH 7,016 ADMISSIONS, 39,163 PATIENT DAYS AND 75,480 OUTPATIENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bacon Kenneth Director/chairman | Trustee | 0.3 | $0 |
Snyder Brent Director | Trustee | 0.3 | $0 |
Thordarson Thor Dir/pres/sec/evp & COO | Trustee | 21.9 | $200,311 |
Murphy Mary Cno Hinsdale/la Grange (end 12/22) | Officer | 40 | $110,521 |
Murrill Michael Former CEO | 0 | $0 | |
Buchanan Herbert Director | Trustee | 10.8 | $14,517 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Staffing Services | 12/30/22 | $18,706,204 |
Amn Healthcare Inc Staffing Services | 12/30/22 | $11,310,849 |
Alverno Clinical Laboratories Llc Lab Service | 12/30/22 | $11,288,657 |
R1 Rcm Inc Revenue Cycle Service | 12/30/22 | $11,038,939 |
Morrison Healthcare Food Services | 12/30/22 | $7,009,374 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,434,856 |
| Government grants | $1,832,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,268,474 |
| Total Program Service Revenue | $507,737,446 |
| Investment income | $6,577,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $218,104 |
| Net Gain/Loss on Asset Sales | -$4,325,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $513,476,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,247,767 |
| 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. | $4,171,490 |
| Compensation of current officers, directors, key employees. | $4,171,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,086,081 |
| Pension plan accruals and contributions | $4,013,802 |
| Other employee benefits | $28,708,070 |
| Payroll taxes | $11,398,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $753,034 |
| Fees for services: Accounting | $144,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $656,144 |
| Fees for services: Other | $137,923,826 |
| Advertising and promotion | $1,214,696 |
| Office expenses | $15,141,125 |
| Information technology | $21,850,636 |
| Royalties | $0 |
| Occupancy | $10,982,681 |
| Travel | $516,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,250 |
| Interest | $8,665,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,621,635 |
| Insurance | $5,147,557 |
| All other expenses | $7,327,088 |
| Total functional expenses | $525,020,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,429 |
| Savings and temporary cash investments | $156,828,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,139,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,065,483 |
| Inventories for sale or use | $14,395,884 |
| Prepaid expenses and deferred charges | $3,204,357 |
| Net Land, buildings, and equipment | $256,291,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $628,749 |
| Investments—program-related | $0 |
| Intangible assets | $83,391,824 |
| Other assets | $34,925,023 |
| Total assets | $609,877,328 |
| Accounts payable and accrued expenses | $22,442,402 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $101,039,235 |
| Total liabilities | $123,481,637 |
| Net assets without donor restrictions | $476,075,966 |
| Net assets with donor restrictions | $10,319,725 |
| 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 | $609,877,328 |
Grants Awarded
Over the last fiscal year, Adventist Midwest Health has awarded $1,228,814 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HINSDALE ADVENTIST ACADEMY PURPOSE: GENERAL SUPPORT | $10,000 |
DUPAGE HEALTH COALITION PURPOSE: GENERAL SUPPORT | $180,910 |
HINSDALE CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $8,000 |
HINSDALE HOSPITAL FOUNDATION PURPOSE: PROVISION OF GENERAL ADMINISTRATIVE SUPPORT | $104,503 |
ILLINOIS PUBLIC HEALTH INSTITUTE PURPOSE: COMMUNITY BENEFIT SUPPORT | $18,700 |
THE COMMUNITY HOUSE PURPOSE: GENERAL SUPPORT | $10,000 |