Northwest Memorial Healthcare
- Assets
- $9.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 06/2018
- EIN
- 36-3726310
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 06/2018, Northwest Memorial Healthcare generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (31.2%) per year over the past 3 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
TO ENGAGE THE COMMUNITY IN PHILANTHROPY TO PROMOTE THE INTERESTS OF CENTEGRA HEALTH SYSTEM BY BUILDING RELATIONSHIPS TO ENHANCE QUALITY HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTEGRA HEALTH SYSTEM FOUNDATION FUNDED A VARIETY OF EDUCATION SESSIONS FOR ASSOCIATES THROUGHOUT MEMORIAL MEDICAL CENTER.
THE CENTEGRA HEALTH SYSTEM FOUNDATION FUNDED SERVICES TO ENHANCE PATIENT EXPERIENCE THROUGHOUT THE HEALTH SYSTEM.
THE CENTEGRA HEALTH SYSTEM FOUNDATION FUNDED A VARIETY OF EDUCATION SESSIONS FOR ASSOCIATES THROUGHOUT NORTHERN ILLINOIS MEDICAL CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Ruth Secretary | OfficerTrustee | 0 | $0 |
Steve Rankins Vice Chairman | OfficerTrustee | 0 | $0 |
Terrance J Bugno MD Chairman | OfficerTrustee | 0 | $0 |
Tom Quinn Treasurer | OfficerTrustee | 0 | $0 |
Heather Kroencke Director | Trustee | 0 | $0 |
Jim Thorpe Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $217,355 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,894,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,111,666 |
| Total Program Service Revenue | $0 |
| Investment income | $217,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,110 |
| Net Income from Fundraising Events | -$61,601 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,288,172 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $445,858 |
| 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 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 | $521,388 |
| 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 | $168 |
| Advertising and promotion | $0 |
| Office expenses | $10,627 |
| Information technology | $2,015 |
| Royalties | $0 |
| Occupancy | $50,583 |
| Travel | $1,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,052,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866 |
| Savings and temporary cash investments | $72,736 |
| Pledges and grants receivable | $867,694 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,074,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,973,774 |
| Total assets | $8,989,966 |
| Accounts payable and accrued expenses | $50,570 |
| 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 | $0 |
| Total liabilities | $50,570 |
| Unrestricted restricted net Assets | $2,892,535 |
| Temporarily restricted net Assets | $6,046,861 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $8,939,396 |
Grants Awarded
Over the last fiscal year, Northwest Memorial Healthcare has awarded $445,858 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL MEDICAL CENTER PURPOSE: See Program Services Part III | $152,311 |
NORTHERN IL MEDICAL CENTER PURPOSE: See Program Services Part III See Program Services Part III | $293,547 |