Insight Chicago Inc
- Assets
- $65.0m
- Revenue
- $103.2m
- Investments
- $0.0
- Employees
- 774
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2022
- EIN
- 86-2358048
Organization Overview
Insight Chicago Inc, operating under the name Insight Hospital & Medical Center, is located in Chicago, IL. 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, Insight Hospital & Medical Center employed 774 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insight Hospital & Medical Center 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 12/2022, Insight Hospital & Medical Center generated $103.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 51.0% each year . All expenses for the organization totaled $110.4m during the year ending 12/2022. While expenses have increased by 44.1% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSIGHT HOSPITAL AND MEDICAL CENTER CHICAGO IS DEDICATED TO TRANSFORMATION AND IMPACT. WE WILL DELIVER WORLD CLASS, COMPASSIONATE, EXPERT CARE TO EVERY PATIENT WHO COMES THROUGH OUR DOORS. AS STEWARDS OF HOLISTIC HEALTH, INSIGHT IS COMMITTED TO SEEING OUR COMMUNITY FLOURISH THROUGH INCREASED ACCESS TO HOLISTIC CARE AND IMPROVED HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSIGHT CHICAGO INC. IS A LICENSED 412-BED ACUTE CARE FACILITY WITH ITS PRIMARY MARKET IN THE SOUTH AND SOUTHWEST SIDE OF CHICAGO AND ADJACENT SUBURBS.INSIGHT IS COMMITTED TO REBUILDING A STORIED HOSPITAL AND LOOKS FORWARD TO PROVIDING THE HIGHEST QUALITY OF CARE TO OUR PATIENTS. INSIGHT IS COMMITTED TO OPERATING A FULL-SERVICE COMMUNITY HOSPITAL; CREATING A COMPREHENSIVE PLAN TO INCREASE SERVICES AND MEET COMMUNITY NEEDS; RESTORING THE HOSPITAL AS A TEACHING FACILITY AND RESTORING A COMPREHENSIVE EMERGENCY DEPARTMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Naveed Mallick Board Member | Trustee | 40 | $447,597 |
Atif Bawahab President And CEO | OfficerTrustee | 10 | $0 |
Ali Madha Chairman Of The Board | OfficerTrustee | 10 | $0 |
Nadir Ijaz Vice-Chairman Of The Board | OfficerTrustee | 10 | $0 |
Atiq Nakrawala Treasurer | OfficerTrustee | 10 | $0 |
Baseer Tajuddin Secretary | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Insight Management And Consulting Servic Management Services | 12/30/22 | $12,695,134 |
American Medical Lab Laboratory Services | 12/30/22 | $1,750,000 |
Health Business Solutions Billing Services | 12/30/22 | $1,778,329 |
Cerner Corporation It Services | 12/30/22 | $1,716,792 |
Prime Radiology Consulting Services | 12/30/22 | $1,632,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,704,477 |
| 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 | $12,704,477 |
| Total Program Service Revenue | $89,589,195 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $351,530 |
| 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 | $103,234,570 |
| 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. | $1,105,406 |
| Compensation of current officers, directors, key employees. | $343,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,291,877 |
| Pension plan accruals and contributions | $279,704 |
| Other employee benefits | $2,554,292 |
| Payroll taxes | $2,336,791 |
| Fees for services: Management | $12,695,134 |
| Fees for services: Legal | $410,492 |
| Fees for services: Accounting | $57,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,376,907 |
| Advertising and promotion | $340,894 |
| Office expenses | $5,459,135 |
| Information technology | $297,348 |
| Royalties | $0 |
| Occupancy | $7,901,808 |
| Travel | $113,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $542,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,870,874 |
| Insurance | $1,913,651 |
| All other expenses | $841,548 |
| Total functional expenses | $110,356,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,662,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,076,516 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,937,565 |
| Prepaid expenses and deferred charges | $1,735,170 |
| Net Land, buildings, and equipment | $29,621,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,033,463 |
| Accounts payable and accrued expenses | $3,003,048 |
| Grants payable | $0 |
| Deferred revenue | $3,500,571 |
| 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 | $19,748,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,227,929 |
| Total liabilities | $49,480,113 |
| Net assets without donor restrictions | $15,553,350 |
| 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 | $65,033,463 |