Elmhurst Memorial Healthcare
- Assets
- $90.4m
- Revenue
- $38.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Elmhurst, IL
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 36-4037473
Organization Overview
Elmhurst Memorial Healthcare is located in Elmhurst, IL. The organization was established in 2008. 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 parent organization of an affiliated group for tax-exemption purposes. Elmhurst 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 12/2021, Elmhurst Memorial Healthcare generated $38.1m 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 (9.9%) each year. All expenses for the organization totaled $64.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ELMHURST HOSPITAL, AN ACUTE CARE HOSPITAL IN ELMHURST, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ELMHURST CLINIC, LLC AND ELMHURST MEDICAL ASSOCIATES, LLC ARE AFFILIATED WITH ELMHURST MEMORIAL HEALTHCARE AS PART OF ITS COMPREHENSIVE PHYSICIAN PRACTICE DIVISION (THE "PPD"). THESE AFFILIATED GROUPS IN THE PPD PROVIDE PHYSICIAN SERVICES TO ELMHURST MEMORIAL HOSPITAL'S OUTPATIENT CLINICS, PURSUANT TO A PROFESSIONAL SERVICES AGREEMENT. FOR MORE THAN 50 YEARS, THE ELMHURST CLINIC HAS WORKED TO PROVIDE MORE THAN JUST GOOD MEDICAL CARE. IT HAS ESTABLISHED ITSELF IN DUPAGE COUNTY AS ONE OF THE PREMIER MULTI-SPECIALTY MEDICAL GROUPS, PROVIDING A RANGE OF CARE FOR THE ENTIRE FAMILY. TODAY, THE CLINIC HAS EXPANDED TO INCLUDE MORE THAN 100 MULTI-SPECIALTY PROVIDERS IN EIGHT LOCATIONS, INCLUDING IN ADDISON, BLOOMINGDALE, ELMHURST, LOMBARD, OAK PARK, OAKBROOK TERRACE AND WOOD DALE. THE GROUP'S MODEL OF CARE IS BUILT AROUND HAVING SMALL PRACTICES WHERE PATIENTS RECEIVE PERSONALIZED, HOLISTIC CARE WITH STATE-OF-THE-ART SERVICES. ELMHURST MEMORIAL ONCOLOGY SERVICES' APPROACH TO CARE BRINGS PATIENTS THE BEST OF BOTH WORLDS - EXCEPTIONAL CARE THAT IS CLOSE TO HOME. AN AFFILIATION WITH THE CANCER CENTER AT ELMHURST MEMORIAL HOSPITAL MEANS PATIENTS WILL RECEIVE A COMPLETE CONTINUUM OF CARE WITH THE SAME LEADING-EDGE PROCEDURES AVAILABLE AT A UNIVERSITY HOSPITAL.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elmhurst Clinic Llc Physician Services | 12/30/21 | $55,848,480 |
Elmhurst Medical Associates Llc Physician Services | 12/30/21 | $2,466,510 |
Boncura Health Solutions Billing Services | 12/30/21 | $3,218,291 |
Laura M Cozzi Md Sc Physician Services | 12/30/21 | $200,000 |
Medline Industries Medical Equipment | 12/30/21 | $837,368 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,738 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,738 |
| Total Program Service Revenue | $38,124,360 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,132,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $12,198,003 |
| Pension plan accruals and contributions | $40,858 |
| Other employee benefits | $3,391,199 |
| Payroll taxes | $653,724 |
| 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 | $39,172,272 |
| Advertising and promotion | $17,786 |
| Office expenses | $59,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,413,708 |
| Travel | $4,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $629,986 |
| Insurance | $1,473,508 |
| All other expenses | $31,030 |
| Total functional expenses | $64,621,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,343,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,595,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $535,592 |
| Prepaid expenses and deferred charges | $1,928,395 |
| Net Land, buildings, and equipment | $82,953,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $45,000 |
| Other assets | $0 |
| Total assets | $90,401,603 |
| Accounts payable and accrued expenses | $8,192,856 |
| 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 | $2,455,014 |
| Other liabilities | $648,000 |
| Total liabilities | $11,295,870 |
| Net assets without donor restrictions | $79,105,733 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $90,401,603 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elmhurst Memorial Healthcare has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
Networks For Emergencies And Relief New York, NY PURPOSE: PROVIDE MASKS TO ORGANIZATION DURING COVID-19. | $22,000 |
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 |