Edward Hospital
- Assets
- $472.3m
- Revenue
- $384.4m
- Investments
- $0.0
- Employees
- 3,761
- Location
- Naperville, IL
- Founding
- 06/1984
- Data as of
- 12/2021
- EIN
- 36-3297173
Organization Overview
Edward Hospital is located in Naperville, IL. The organization was established in 1984. 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, Edward Hospital employed 3,761 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward 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 12/2021, Edward Hospital generated $384.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $344.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edward Hospital has awarded 102 individual grants totaling $4,288,832. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDWARD HOSPITAL FOLLOWS THE MISSION OF NORTHSHORE - EDWARD-ELMHURST HEALTH TO "HELP EVERYONE IN OUR COMMUNITIES BE THEIR BEST."
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDWARD HOSPITAL IS A FULL-SERVICE, REGIONAL HEALTHCARE PROVIDER OFFERING ACCESS TO COMPLEX MEDICAL SPECIALTIES AND INNOVATIVE PROGRAMMING. EDWARD HOSPITAL HAS 371 PRIVATE PATIENT ROOMS AND 5,800 EMPLOYEES ACROSS EDWARD DIVISION AFFILIATES, INCLUDING 1,200 NURSES AND A MEDICAL STAFF OF NEARLY 1,000 PHYSICIANS COMPRISED OF INDEPENDENT MEMBERS OF THE MEDICAL STAFF, EMPLOYED PHYSICIANS AND INDEPENDENT CONTRACTORS. THE PHYSICIANS REPRESENT 82 MEDICAL AND SURGICAL SPECIALTIES AND SUB-SPECIALTIES WITH 98% BOARD CERTIFIED IN THEIR SPECIALTY -- A DESIGNATION AWARDED ONLY TO PHYSICIANS WHO COMPLETE RIGOROUS POST-MEDICAL SCHOOL TRAINING AND PASS AN EXTENSIVE CERTIFICATION TEST. EDWARD SERVES THE RESIDENTS OF CHICAGO'S WEST AND SOUTHWEST SUBURBS, INCLUDING NAPERVILLE, AURORA, BOLINGBROOK, DOWNERS GROVE, HOMER GLEN, JOLIET, LEMONT, LISLE, LOCKPORT, MINOOKA, OSWEGO, PLAINFIELD, ROMEOVILLE, SHOREWOOD, WARRENVILLE, WHEATON, WOODRIDGE AND YORKVILLE. (CONTINUED IN SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Ceo, South Region/trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chief Medical Officer/trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee Starting 7/1/2022 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trimedx Llc Equipment Maintenance Services | 12/30/22 | $11,059,108 |
Midwest Cardiovascular Institute Physician Services | 12/30/22 | $1,808,379 |
Cardiac Surgery Associates Physician Services | 12/30/22 | $1,191,713 |
Fresenius Medical Hemodialysis Dialysis Services | 12/30/22 | $1,158,518 |
Dupage Medical Group Ltd Physician Services | 12/30/22 | $1,509,973 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $725,740 |
| Investment income | $69,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,898 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $53,460 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,445,639 |
| 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. | $13,448,759 |
| Compensation to disqualified persons | $554,488 |
| Other salaries and wages | $88,777,980 |
| Pension plan accruals and contributions | $4,075,749 |
| Other employee benefits | $10,680,521 |
| Payroll taxes | $6,819,515 |
| 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 | $74,172,074 |
| Advertising and promotion | $255,170 |
| Office expenses | $93,193,524 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,912,429 |
| Travel | $23,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,653 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,778,337 |
| Insurance | $10,460,547 |
| All other expenses | $0 |
| Total functional expenses | $344,667,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$8,108,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,514,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,842,978 |
| Prepaid expenses and deferred charges | $654,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,542,252 |
| Total assets | $472,302,841 |
| Accounts payable and accrued expenses | $52,914,384 |
| 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 | $119,149,036 |
| Total liabilities | $172,063,420 |
| Net assets without donor restrictions | $297,594,934 |
| Net assets with donor restrictions | $2,644,487 |
| 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 | $300,239,421 |
Grants Awarded
Over the last fiscal year, Edward Hospital has awarded $72,100 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG HEARTS FOR LIFE PURPOSE: TO SUPPORT THE COMPREHENSIVE PROGRAMS TO ASSESS CHILDREN FOR CONDITIONS THAT MAY CAUSE SUDDEN CARDIAC DEATH. | $5,100 |
WILL COUNTY ANNUAL CED INVESTMENT PURPOSE: The CED exists toimprove the quality of lifefor all residents of Will County by recruiting new companies offering high-quality jobs and a solid tax base while assisting existing businesses to grow, enabling the retention and addition of jobs. | $25,000 |
LOAVES AND FISHES PURPOSE: TO SUPPORT THE COMPREHENSIVE PROGRAMS TO PROVIDE LIFE-CHANGING SERIVCES BY PROVIDING FOOD ASSISTANCE TO LOCAL RESIDENTS . | $7,500 |
OSWEGO CHAMBER OF COMMERCE PURPOSE: TO SUPPORT ECONOMIC GROWTH, ACTIVE ENGAGEMENT AND ADVOCACY FOR THE BUSINESS COMMUNITY. | $8,000 |
ILLINOIS STATE CHAMBER OF COMMERCE PURPOSE: TO SUPPORT THE UNIFYING OF POLICIES THAT SUPPORT GROWTH IN ILLINOIS' DYNAMIC AND DIVERSE ECONOMY | $15,000 |
UNITED WAY OF WILL COUNTY PURPOSE: to support efforts to unite will county communities and resources to empower people and create positive, sustainable change. | $5,500 |