Loyola University Medical Center
- Assets
- $2.9b
- Revenue
- $1.6b
- Investments
- $50.1m
- Employees
- 7,950
- Location
- Maywood, IL
- Founding
- 07/1995
- Data as of
- 06/2022
- EIN
- 36-4015560
Organization Overview
Loyola University Medical Center, operating under the name See Schedule O, is located in Maywood, IL. The organization was established in 1995. 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 06/2022, See Schedule O employed 7,950 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 06/2022, See Schedule O generated $1.6b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.5b during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, See Schedule O has awarded 53 individual grants totaling $154,186,602. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASED IN THE WESTERN SUBURBS OF CHICAGO, LOYOLA UNIVERSITY MEDICAL CENTER (LUMC) IS A QUATERNARY CARE SYSTEM WITH A 61-ACRE MAIN MEDICAL CENTER CAMPUS AS WELL AS HEALTH CENTERS IN MORE THAN 30 LOCATIONS. THE MEDICAL CENTER CAMPUS IS LOCATED IN MAYWOOD, 13 MILES WEST OF THE CHICAGO LOOP AND 8 MILES EAST OF OAKBROOK, ILLINOIS. THE HEART OF THE MEDICAL CENTER CAMPUS, LUMC'S HOSPITAL, IS A 547 LICENSED BED FACILITY. THE MAYWOOD CAMPUS INCLUDES THE FOLLOWING: A LEVEL I TRAUMA CENTER, THE CARDINAL BERNARDIN CANCER CENTER, THE RONALD MCDONALD CHILDREN'S HOSPITAL OF LUMC, A BURN CENTER, A STROKE CENTER, WILLIAM G AND MARY A RYAN CENTER FOR HEART & VASCULAR MEDICINE, A RENOWNED TRANSPLANT CENTER AND A SPECIAL 20-BED UNIT FOR PATIENTS UNDERGOING STEM CELL TRANSPLANTS, A LEVEL III PERINATAL CENTER AND THE LOYOLA OUTPATIENT CENTER. LUMC PROVIDES TOP HOSPITAL CARE IN ALL MEDICAL SPECIALTIES, INCLUDING ORTHOPAEDICS, NEPHROLOGY, CARDIOLOGY, CANCER, OPHTHALMOLOGY AND SURGERY. IN FY22, THE HOSPITAL PROVIDED OVER 132,000 PATIENT DAYS OF HEALTH CARE SERVICES AND OVER 1.2 MILLION OUTPATIENT VISITS TO THE COMMUNITY.PLEASE SEE SCHEDULE H AND VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES, RECOGNITIONS AND AWARDS:WWW.LOYOLAMEDICINE.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Vincent Dir Thr 12/21; Pres & Ceo, Il/in Reg | OfficerTrustee | 43 | $0 |
Russ Nockels MD Professor, Neurosurgery | 50 | $1,518,235 | |
Bruce Lewis MD Professor, Cardiothoracic Surgery | 50 | $1,170,278 | |
Mamdouh Bakhos MD Professor, Cardiothoracic Surgery | 50 | $1,178,808 | |
Jeffrey Schwartz MD Professor, Cardiothoracic Surgery | 50 | $1,101,455 | |
Tad Gomez Director As Of 1/22; Lumc President | OfficerTrustee | 51 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gift Of Hope Organ & Tissue Organ & Tissue Donation Services | 6/29/22 | $7,993,565 |
All Clean Facilities Services Llc Janitorial Services | 6/29/22 | $3,208,626 |
Leopardo Companies Inc Construction Services | 6/29/22 | $6,534,731 |
Hta-burr Ridge University Medical Management Services | 6/29/22 | $5,907,166 |
American Red Cross Health Care Services | 6/29/22 | $5,837,558 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,000 |
| Membership dues | $0 |
| Fundraising events | $2,783 |
| Related organizations | $0 |
| Government grants | $8,092,434 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,301,494 |
| Noncash contributions included in lines 1a–1f | $56,831 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,401,711 |
| Total Program Service Revenue | $1,525,464,192 |
| Investment income | $509,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,685 |
| Net Gain/Loss on Asset Sales | $308,265 |
| Net Income from Fundraising Events | $106,121 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,584,281,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,808,376 |
| Grants and other assistance to domestic individuals. | $1,867 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,286,325 |
| Compensation of current officers, directors, key employees. | $5,058,543 |
| Compensation to disqualified persons | $70,324 |
| Other salaries and wages | $615,972,296 |
| Pension plan accruals and contributions | $6,983,621 |
| Other employee benefits | $53,615,393 |
| Payroll taxes | $39,086,922 |
| Fees for services: Management | $9,826 |
| Fees for services: Legal | $35,559 |
| Fees for services: Accounting | $8,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $378,975 |
| Fees for services: Other | $35,865,880 |
| Advertising and promotion | $164,760 |
| Office expenses | $13,023,279 |
| Information technology | $57,035,016 |
| Royalties | $0 |
| Occupancy | $31,870,436 |
| Travel | $628,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,323,303 |
| Interest | $18,505,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,137,539 |
| Insurance | $48,374,177 |
| All other expenses | $18,369,906 |
| Total functional expenses | $1,529,005,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,465,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,150,169 |
| Accounts receivable, net | $245,717,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $840,000 |
| Inventories for sale or use | $29,676,380 |
| Prepaid expenses and deferred charges | $1,292,476 |
| Net Land, buildings, and equipment | $415,152,298 |
| Investments—publicly traded securities | $131,980,847 |
| Investments—other securities | $50,062,287 |
| Investments—program-related | $0 |
| Intangible assets | $41,827,014 |
| Other assets | $1,923,693,041 |
| Total assets | $2,851,857,833 |
| Accounts payable and accrued expenses | $173,447,402 |
| Grants payable | $0 |
| Deferred revenue | $6,640,591 |
| 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 | $32,827,036 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,238,827,772 |
| Total liabilities | $2,451,742,801 |
| Net assets without donor restrictions | $335,013,810 |
| Net assets with donor restrictions | $65,101,222 |
| 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 | $2,851,857,833 |
Grants Awarded
Over the last fiscal year, Loyola University Medical Center has awarded $26,808,376 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING FORWARD PURPOSE: GENERAL SUPPORT | $83,804 |
COALITION FOR SPRITUAL AND PUBLIC LEADERSHIP PURPOSE: GENERAL SUPPORT | $75,000 |
WEST COOK YMCA PURPOSE: GENERAL SUPPORT | $100,000 |
IFF PURPOSE: GENERAL SUPPORT | $17,500 |
QUINN CENTER OF ST EULALIA PURPOSE: GENERAL SUPPORT | $65,000 |
ILLINOIS TRANSPLANT FUND PURPOSE: GENERAL SUPPORT | $150,000 |