Silver Cross Health System Inc
- Assets
- $124.5m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 13
- Location
- New Lenox, IL
- Founding
- 02/1984
- Data as of
- 09/2023
- EIN
- 36-3185353
Organization Overview
Silver Cross Health System Inc is located in New Lenox, IL. The organization was established in 1984. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 09/2023, Silver Cross Health System Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Cross Health System Inc 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 09/2023, Silver Cross Health System Inc generated $11.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $9.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Silver Cross Health System Inc has awarded 13 individual grants totaling $326,292. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, CONDUCT AND OPERATE HOSPITALS AND COMMUNITY MEDICAL CENTERS AND TO OPERATE OTHER FACILITIES FOR THE CARE OF PERSONS SUFFERING FROM ILLNESSES OR DISABILITIES OR OTHERWISE REQUIRING INPATIENT OR OUTPATIENT HOSPITAL CARE, COMMUNITY MEDICAL CARE OR CARE IN THE HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT SERVICES PROVIDED TO AFFILIATED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed First Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President/ceo | OfficerTrustee | 40 | $1,536,825 |
Name Not Listed Second Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Asst. Treasurer/cfo | OfficerTrustee | 40 | $2,031,024 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Levin & Perconti Legal Services | 9/29/23 | $2,663,034 |
Kaufman Hall & Associates Llc Consulting | 9/29/23 | $296,019 |
L&g Law Group Legal Services | 9/29/23 | $252,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,223,569 |
| Investment income | $920,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $11,143,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,500 |
| 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. | $6,084,248 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,707 |
| Pension plan accruals and contributions | $838,827 |
| Other employee benefits | $584,226 |
| Payroll taxes | $175,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,031 |
| Fees for services: Accounting | $46,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,032 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $91,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $259,037 |
| All other expenses | $11,265 |
| Total functional expenses | $9,779,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,246,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $157,728 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $256,815 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,684,206 |
| Investments—other securities | $0 |
| Investments—program-related | $22,649,736 |
| Intangible assets | $0 |
| Other assets | $67,528,311 |
| Total assets | $124,523,243 |
| Accounts payable and accrued expenses | $3,593,495 |
| 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 | $99,429,042 |
| Total liabilities | $103,022,537 |
| Net assets without donor restrictions | $21,500,706 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $124,523,243 |
Grants Awarded
Over the last fiscal year, Silver Cross Health System Inc has awarded $71,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WILL CO CTR FOR ECONOMIC DEV PURPOSE: OPERATIONS | $37,500 |
WILL GRUNDY MEDICAL CLINIC PURPOSE: OPERATIONS | $24,000 |
UNITED WAY OF WILL COUNTY PURPOSE: MAPP | $10,000 |