Northwest Memorial Healthcare
- Assets
- $87.9m
- Revenue
- $39.7m
- Investments
- $0.0
- Employees
- 1,114
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 08/2018
- EIN
- 36-3196559
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 1,114 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 $39.7m 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 (29.9%) each year. All expenses for the organization totaled $47.0m during the year ending 08/2018. As we would expect to see with falling revenues, expenses have declined by (28.7%) 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
SEE SCHEDULE O NARRATIVE TITLED SUMMARY
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 |
|---|---|---|---|
Michael Eesley Chief Executive Officer | OfficerTrustee | 40 | $2,316,338 |
William Cox Dr Orthopedics | 40 | $1,504,041 | |
Harpreet Basran Dr Orthopedics | 40 | $1,387,405 | |
Priyesh Patel Dr Orthopedics | 40 | $1,127,852 | |
David Tomlinson Evp - CFO | Officer | 38 | $1,044,771 |
Justin Gent Dr Orthopedics | 40 | $1,028,737 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Affiliates Housekeeping | 6/29/18 | $5,920,456 |
Healthcare And Family Services Healthcare Services | 6/29/18 | $15,552,735 |
Nextgen Healthcare Inc Healthcare Services | 6/29/18 | $3,066,069 |
Ge Healthcare Healthcare Services | 6/29/18 | $2,582,073 |
Cardinal Health - Aurora Division Healthcare Services | 6/29/18 | $25,106,223 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $220,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $864,618 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,660,179 |
| 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. | $6,559,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,313,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $940,921 |
| Payroll taxes | $577,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $528,306 |
| Fees for services: Accounting | $456,500 |
| Fees for services: Lobbying | $13,347 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,619,277 |
| Advertising and promotion | $643,539 |
| Office expenses | $495,050 |
| Information technology | $4,489,286 |
| Royalties | $0 |
| Occupancy | $350,358 |
| Travel | $23,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,490 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,044,430 |
| Insurance | $2,528,239 |
| All other expenses | $4,085,869 |
| Total functional expenses | $46,983,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,576,585 |
| Savings and temporary cash investments | $859,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,221,343 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,060,888 |
| Inventories for sale or use | $1,227 |
| Prepaid expenses and deferred charges | $7,252,952 |
| Investments—publicly traded securities | $16,816,127 |
| Investments—other securities | $0 |
| Investments—program-related | $17,092,703 |
| Intangible assets | $28,032,324 |
| Other assets | $234,963 |
| Total assets | $87,933,488 |
| Accounts payable and accrued expenses | $35,051,152 |
| Grants payable | $0 |
| Deferred revenue | -$743,712 |
| 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 | -$1,870,196 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $130,102,983 |
| Total liabilities | $162,540,227 |
| Net assets without donor restrictions | -$74,606,739 |
| 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 | -$74,606,739 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Memorial Healthcare has recieved totaling $77,531.
| Awarding Organization | Amount |
|---|---|
Illinois Hospital Research And Educational Foundation Naperville, IL PURPOSE: PROVIDE ACCESS TO QUALITY HEALTHCARE | $77,531 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Fort Madison Community Hospital West Burlington, IA | $0 | $63,917,889 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Gibson Area Hospital Gibson City, IL | $63,536,615 | $119,801,214 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Holy Cross Hospital Chicago, IL | $142,348,563 | $113,770,792 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Jennie Edmundson Memorial Hospital Council Bluffs, IA | $159,830,825 | $120,935,401 |
Ottawa Regional Hospital & Healthcare Center Peoria, IL | $91,725,518 | $145,777,119 |
St Bernard Hospital Chicago, IL | $104,253,183 | $104,812,040 |