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Nonprofiteer
← RUSH SYSTEM FOR HEALTH

Form 990 for tax year 2022

Filed by RUSH SYSTEM FOR HEALTH.

Totals

Total revenue
$109,981,205
Total expenses
$111,724,793
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$109,981,205
Investment income
$0
Other revenue
$0
Total assets, end of year
$21,078,961
Total liabilities, end of year
$22,739,570
Net assets or fund balances, end of year
-$1,660,609
Program services expenses (Part IX)
$109,914,464
Management and general expenses
$1,810,329
Fundraising expenses
$0
Program service expenses (Part III)
$109,914,464

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Health Benefit Program

    total $1,928,005 · related or exempt $1,928,005

  • 2b · Program service revenue: Administrative Services

    total $1,623,353 · related or exempt $1,623,353

  • 2c · Program service revenue: System Support Services

    total $106,429,847 · related or exempt $106,429,847

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,220,042 · management and general $1,220,042

  • 6 · Compensation of disqualified persons

    total $98,084 · management and general $98,084

  • 7 · Other salaries and wages

    total $38,578,727 · program services $38,578,727

  • 9 · Other employee benefits

    total $9,560,702 · program services $9,560,702

  • 11b · Fees: legal

    total $352,988 · program services $352,988

  • 11g · Fees: other

    total $10,486,598 · program services $10,398,803 · management and general $87,795 · fundraising $0

  • 13 · Office expenses

    total $81,940 · program services $77,208 · management and general $4,732

  • 14 · Information technology

    total $44,920,956 · program services $44,920,956

  • 16 · Occupancy

    total $2,318,110 · program services $2,318,110

  • 17 · Travel

    total $170,304 · program services $170,304

  • 19 · Conferences, conventions and meetings

    total $236,397 · program services $236,397

  • 24a · Other expenses: Minor Equipment

    total $2,428,651 · program services $2,428,491 · management and general $160

  • 24b · Other expenses: Membership Dues

    total $1,146,896 · program services $747,380 · management and general $399,516

  • 24c · Other expenses: Equipment Maintenance & RepairLicenses & Permits

    total $109,215 · program services $109,215

  • 24d · Other expenses: Licenses & Permits

    total $4,014 · program services $4,014

  • 24e · All other expenses

    total $11,169 · program services $11,169 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $208,426 · end of year $213,402

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $504,068 · end of year $20,846,506

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $484,914 · end of year $19,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,178 · end of year $433,332

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,036,251 · end of year $22,306,238

  • 27 · Net assets without donor restrictions

    beginning of year $82,979 · end of year -$1,660,609

Mission and programs · 2022

Mission

The mission of Rush University System for Health is to improve the health of the individuals and diverse communities it serves through the integration of outstanding patient care, education, research, and community partnerships.

Activities or mission (Part I)

The mission of Rush University System for Health ("RUSH") is to improve the health of the individuals and diverse communities it serves through the integration of outstanding patient care, education, research, and community partnerships.

  • Rush University System for Health (RUSH) is the sole-corporate member of both Rush University Medical Center (RUMC) and Rush Copley Medical Center, Inc. (RCMC), holding certain Reserved Powers over RUMC and RCMC to ensure a uniform vision and strategy across the Rush System, and is the ultimate parent entity for the Rush System. RUSH provides for the contract administration, governance, and analysis of the Employee Health Benefits program for the Rush System. RUSH also provides system support services which include decision support, quality analytics, knowledge management, Internal Audit, System Strategic Planning, and Digital and Information Services.

    Expenses $109,914,464 · Revenue $109,981,205

As filed on the 2022 return.

Listed in Part VII

  • Susan Crown

    Chair/Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Bruce W Dienst

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Catherine Cederoth

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Christine A Edwards

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • E David Coolidge III

    Trustee (END 6/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jay L Henderson

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark C Metzger

    Trustee (END 6/23)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Peter C B Bynoe Esq

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert A Wislow

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sandra P Guthman

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stephen N Potter

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William A Downe CM

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William M Goodyear

    Trustee (END 6/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carl T Bergetz JD

    Chief Legal Officer & Interim Secretary

    Total calculated
    $1,004,107
    From this org
    $0
    From related orgs
    $841,623
    Other
    $162,484
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $607,715 related
    Bonus
    $0 + $195,423 related
    Other
    $0 + $38,485 related
    Deferred
    $0 + $143,059 related
    Nontaxable benefits
    $0 + $19,425 related
    Filer's total
    $0 + $1,004,107 related

  • Courtney L Kammer MHA

    Interim Chief H/R Officer (START 10/22)

    Total calculated
    $787,109
    From this org
    $0
    From related orgs
    $633,597
    Other
    $153,512
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $479,339 related
    Bonus
    $0 + $153,697 related
    Other
    $0 + $562 related
    Deferred
    $0 + $118,386 related
    Nontaxable benefits
    $0 + $35,125 related
    Filer's total
    $0 + $787,109 related

  • Diane M McKeever

    Secretary (END 1/23)

    Total calculated
    $388,783
    From this org
    $0
    From related orgs
    $386,467
    Other
    $2,316
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,310 related
    Bonus
    $0 + $87,531 related
    Other
    $0 + $112,626 related
    Deferred
    $0 + $810 related
    Nontaxable benefits
    $0 + $1,506 related
    Filer's total
    $0 + $388,783 related

  • John Diederich MA MBA FACHE

    Hospital Integration Officer, Pres & CEO RCMC

    Total calculated
    $3,677,426
    From this org
    $0
    From related orgs
    $3,634,635
    Other
    $42,791
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $692,650 related
    Bonus
    $0 + $296,561 related
    Other
    $0 + $2,645,424 related
    Deferred
    $0 + $10,237 related
    Nontaxable benefits
    $0 + $32,554 related
    Filer's total
    $0 + $3,677,426 related

  • Marcos DeLeon

    Chief H/R & Diversity Officer (END 9/22)

    Total calculated
    $765,705
    From this org
    $0
    From related orgs
    $619,089
    Other
    $146,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $467,253 related
    Bonus
    $0 + $149,572 related
    Other
    $0 + $2,263 related
    Deferred
    $0 + $115,639 related
    Nontaxable benefits
    $0 + $30,976 related
    Filer's total
    $0 + $765,704 related

  • Omar B Lateef DO

    President & CEO

    Total calculated
    $3,383,039
    From this org
    $0
    From related orgs
    $2,962,268
    Other
    $420,771
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,697,484 related
    Bonus
    $0 + $1,100,000 related
    Other
    $0 + $164,784 related
    Deferred
    $0 + $392,794 related
    Nontaxable benefits
    $0 + $27,977 related
    Filer's total
    $0 + $3,383,039 related

  • Patricia S O'Neil MAE

    SVP CFO & Treasurer

    Total calculated
    $1,270,158
    From this org
    $0
    From related orgs
    $1,073,537
    Other
    $196,621
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $785,389 related
    Bonus
    $0 + $228,705 related
    Other
    $0 + $59,443 related
    Deferred
    $0 + $181,013 related
    Nontaxable benefits
    $0 + $15,608 related
    Filer's total
    $0 + $1,270,158 related

  • K Ranga Rama Krishnan MB ChB

    Former Officer

    Total calculated
    $3,284,872
    From this org
    $0
    From related orgs
    $2,966,547
    Other
    $318,325
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $1,574,785 related
    Bonus
    $0 + $1,061,486 related
    Other
    $0 + $330,276 related
    Deferred
    $0 + $294,168 related
    Nontaxable benefits
    $0 + $24,157 related
    Filer's total
    $0 + $3,284,873 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
Health or social club dues or initiation fees - membership is maintained for the CEO at The Economic Club of Chicago. All memberships are used for Rush fundraising and/or business activities.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The CEO's compensation is determined by a related organization which includes the use of the following methods: -Compensation committee -Independent compensation consultant -Compensation survey -Approval by the board
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Rush University Medical Center and Copley Memorial Hospital, Inc. each offer a supplemental retirement plan to all employees who participate in the executive benefits program and whose compensation exceeds the IRS allowable limit for a qualified pension plan. Amounts accrued for the plan are included in deferred income on Schedule J. The Rush Executive Retirement Plan (the "Rush ERP the "Plan") provides supplemental retirement benefits to eligible executives of the Rush University Medical Center (the "Medical Center"). These benefits are in addition to those provided under the Retirement Plan (a tax-qualified defined benefit pension plan), the 403(b) Retirement Savings Plan, and the 457(b) Supplemental Retirement Savings Plan. The Rush ERP is effective January 1, 2014, and replaces the Supplemental Executive Retirement Plan (the "SERP"), which was frozen effective December 31, 2013. Any benefits earned under SERP will be preserved. The Rush ERP is a defined contribution plan designed to provide funds to participants that can be used to provide supplemental retirement income. Once vested, the amounts contributed plus investment gains (and minus losses) is paid. The retirement benefits provided under the Plan, like those provided by the SERP prior to 2014, are in addition to those provided under the Medical Center's Retirement Plan, a defined benefit pension plan, the 403(b) Retirement Savings Plan, and the 457(b) Supplemental Retirement Savings Plan. The amounts paid out from this plan were as follows: K. Ranga Rama Krishnan, MB CHB - $320,257 Diane M. McKeever - $105,554 Patricia S. O'Neil - $51,749 Omar Lateef - $132,116 Carl Bergetz - $29,793 John Diederich - $2,619,860 These amounts are included in Schedule J Part II Column (B)(iii).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ROOM FIVE HUNDRED

    C Corporation · DINING ROOM · IL · controlled entity

    Directly controlled by NA

  • RUSH UNIVERSITY MEDICAL CENTER INSURANCE CO LTD

    C Corporation · INSURANCE · CJ · controlled entity

    Directly controlled by NA

  • RUSH COPLEY MEDICAL GROUP NFP (COPLEY SERVICES)

    C Corporation · HEALTHCARE · IL · controlled entity

    Directly controlled by NA

  • PERPETUAL TRUSTS (14)

    Trust · TRUST · IL · controlled entity

    Directly controlled by NA

  • PERPETUAL TRUST (4)

    Trust · TRUST · RI · controlled entity

    Directly controlled by NA

  • PERPETUAL TRUST (2)

    Trust · TRUST · MI · controlled entity

    Directly controlled by NA

  • PERPETUAL TRUST

    Trust · TRUST · CA · controlled entity

    Directly controlled by NA

  • PERPETUAL TRUST

    Trust · TRUST · MN · controlled entity

    Directly controlled by NA

  • PERPETUAL TRUST

    Trust · TRUST · GA · controlled entity

    Directly controlled by NA

  • PERPETUAL TRUST

    Trust · TRUST · TX · controlled entity

    Directly controlled by NA

  • PERPETUAL TRUST

    Trust · TRUST · MO · controlled entity

    Directly controlled by NA

  • CHARITABLE GIFT ANNUITY (5)

    GIFT ANNUITY · MA · controlled entity

    Directly controlled by NA

  • CHARITABLE GIFT ANNUITY (10)

    GIFT ANNUITY · IL · controlled entity

    Directly controlled by NA

  • CHARITABLE GIFT ANNUITY (2)

    GIFT ANNUITY · NV · controlled entity

    Directly controlled by NA

  • RUSH UNIVERSITY MEDICAL CENTER MASTER RETIREMENT TRUST

    Trust · PENSION TRUST · IL · controlled entity

    Directly controlled by NA

  • RUSH HEALTH

    C Corporation · CLINICALLY INTEGRATED NETWORK · IL · 100% owned · share of income $33,520,973 · share of assets $46,497,355 · controlled entity

    Directly controlled by RUSH SYSTEM FOR HEALTH

  • RUSH HEALTH ACO INC

    C Corporation · ACO · IL · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421349349304922

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