Northwest Memorial Healthcare
- Assets
- $111.9m
- Revenue
- $945.8k
- Investments
- $647.8k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 08/2018
- EIN
- 36-3199111
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. 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 $945.8k 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 (45.5%) each year. All expenses for the organization totaled $663.5k during the year ending 08/2018. As we would expect to see with falling revenues, expenses have declined by (39.7%) 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
NIMED CORP AIDS IN THE MANAGEMENT OF NORTHERN ILLINOIS MEDICAL CENTER, MEMORIAL MEDICAL CENTER & OTHER ORGANIZATIONS AFFILIATED WITH CENTEGRA HEALTH SYSTEM.
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 S Eesley Ceo/director | OfficerTrustee | 1 | $0 |
Eric Zornow VP - Finance & Treasury | Officer | 10 | $0 |
David Tomlinson Evp - CFO | Officer | 1 | $0 |
Jason Sciarro President & COO - Termed 5/18 | Officer | 1 | $0 |
Charie Zanck Director | Trustee | 1 | $0 |
Christian Newkirk Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,940 |
| Net Gain/Loss on Asset Sales | -$77,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $945,833 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $6,222 |
| Advertising and promotion | $0 |
| Office expenses | $1,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,221 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $326,795 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,286 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $663,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $479,912 |
| 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 | $7,885 |
| Investments—publicly traded securities | $137,085 |
| Investments—other securities | $647,782 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,486,394 |
| Total assets | $111,930,655 |
| Accounts payable and accrued expenses | $2,534,250 |
| Grants payable | $0 |
| Deferred revenue | $14,632,706 |
| Tax-exempt bond liabilities | $47,761,645 |
| 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 | $33,206 |
| Total liabilities | $64,961,807 |
| Net assets without donor restrictions | $46,968,848 |
| 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 | $46,968,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |
Langlade Hospital-Hotel Dieu Of St Joseph Of Antigo Wisconsin Antigo, WI | $246,815,047 | $116,695,452 |
Northwest Memorial Healthcare Chicago, IL | $480,593,285 | $82,724,469 |
Thorek Memorial Hospital Chicago, IL | $512,859,760 | $127,922,496 |
St Lukes Des Peres Episcopal-Presbyterian Hospital Chesterfield, MO | $97,618,886 | $86,507,537 |
Ascension Via Christi Hospital Manhattan Inc St Louis, MO | $74,708,914 | $108,962,150 |
Mercy Medical Center of Oshkosh Inc Oshkosh, WI | $0 | $88,188,701 |
Loretto Hospital Chicago, IL | $32,559,170 | $88,416,844 |
Aspirus Medford Hospital & Clinics Inc Medford, WI | $193,217,464 | $105,652,472 |