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Nonprofiteer
← INSIGHT CHICAGO INC

Form 990 for tax year 2024

Filed by INSIGHT CHICAGO INC.

Totals

Total revenue
$150,594,091
Total expenses
$179,449,725
Contributions and grants received
$8,004,401
Grants paid
$0
Program service revenue
$135,287,314
Investment income
$0
Other revenue
$7,302,376
Total assets, end of year
$104,833,243
Total liabilities, end of year
$158,090,144
Net assets or fund balances, end of year
-$53,256,901
Program services expenses (Part IX)
$108,010,434
Management and general expenses
$71,383,286
Fundraising expenses
$56,005
Program service expenses (Part III)
$108,010,434

Program services were 60.2% 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.

  • 1e · Government grants (contributions)

    $8,004,401

  • 2a · Program service revenue: Patient Services

    total $94,345,615 · related or exempt $94,345,615

  • 2b · Program service revenue: Medicaid

    total $40,941,699 · related or exempt $40,941,699

  • 6a · Gross rents

    real property $40,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $40,000

  • 6d · Net rental income or loss

    total $40,000 · excluded $40,000

  • 11a · Other revenue: Retail Pharmacy

    total $6,680,466 · excluded $6,680,466

  • 11b · Other revenue: Returned Deposits

    total $63,016 · excluded $63,016

  • 11c · Other revenue: Gift Shop/Vending

    total $47,084 · excluded $47,084

  • 11d · All other revenue

    total $471,810 · excluded $471,810

  • 11e · Other revenue, total

    $7,262,376

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,314,003 · program services $1,528,991 · management and general $785,012

  • 7 · Other salaries and wages

    total $64,154,891 · program services $42,390,707 · management and general $21,764,184

  • 8 · Pension plan contributions

    total $1,424,883 · program services $910,298 · management and general $514,585

  • 9 · Other employee benefits

    total $4,649,870 · program services $2,970,607 · management and general $1,679,263

  • 10 · Payroll taxes

    total $4,491,874 · program services $2,869,670 · management and general $1,622,204

  • 11a · Fees: management

    total $12,000,000 · program services $7,655,396 · management and general $4,344,604

  • 11b · Fees: legal

    total $242,949 · management and general $242,949

  • 11c · Fees: accounting

    total $503,304 · management and general $503,304

  • 11d · Fees: lobbying

    total $1,260,000 · management and general $1,260,000

  • 11g · Fees: other

    total $30,873,177 · program services $5,771,927 · management and general $25,048,090 · fundraising $53,160

  • 12 · Advertising and promotion

    total $3,046 · management and general $3,046

  • 13 · Office expenses

    total $17,493,548 · program services $15,882,314 · management and general $1,611,234

  • 14 · Information technology

    total $720,866 · program services $38,050 · management and general $679,971 · fundraising $2,845

  • 16 · Occupancy

    total $8,709,778 · program services $1,154,280 · management and general $7,555,498

  • 17 · Travel

    total $163,167 · program services $34,112 · management and general $129,055

  • 20 · Interest

    total $596,470 · management and general $596,470

  • 22 · Depreciation, depletion and amortization

    total $1,071,857 · program services $1,071,857

  • 23 · Insurance

    total $2,228,238 · management and general $2,228,238

  • 24a · Other expenses: Bad Debt Expense

    total $15,889,978 · program services $15,889,978

  • 24b · Other expenses: Medical Supplies

    total $7,298,102 · program services $7,298,102

  • 24c · Other expenses: IL Hospital Assessment

    total $2,299,747 · program services $2,299,747

  • 24d · Other expenses: Income tax

    total $20,671 · program services $20,671

  • 24e · All other expenses

    total $1,039,306 · program services $223,727 · management and general $815,579

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,617,317 · end of year $44,679,317

  • 4 · Accounts receivable

    beginning of year $19,958,174 · end of year $24,089,394

  • 8 · Inventories for sale or use

    beginning of year $2,470,332 · end of year $2,479,824

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,500,736 · end of year $1,459,358

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

    $35,374,732

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

    $5,930,741

  • 10c · Land, buildings and equipment, net

    beginning of year $28,506,133 · end of year $29,443,991

  • 15 · Other assets

    beginning of year $305,415 · end of year $2,681,359

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,672,845 · end of year $23,355,960

  • 19 · Deferred revenue

    beginning of year $0 · end of year $8,799,732

  • 23 · Secured mortgages and notes payable

    beginning of year $9,078,993 · end of year $17,061,145

  • 25 · Other liabilities

    beginning of year $59,141,558 · end of year $108,873,307

  • 27 · Net assets without donor restrictions

    beginning of year -$35,597,464 · end of year -$53,419,076

  • 28 · Net assets with donor restrictions

    beginning of year $62,175 · end of year $162,175

Mission and programs · 2024

Mission

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.

  • 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.

    Expenses $108,010,434 · Revenue $135,287,314

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kaleem Qazi

    Board Member

    Total calculated
    $337,007
    From this org
    $287,303
    From related orgs
    $0
    Other
    $49,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,100
    Bonus
    $0
    Other
    $203
    Deferred
    $8,942
    Nontaxable benefits
    $40,762
    Filer's total
    $337,007
  • Atif Bawahab

    President and CEO

    Total calculated
    $405,218
    From this org
    $374,414
    From related orgs
    $0
    Other
    $30,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $374,065
    Bonus
    $0
    Other
    $349
    Deferred
    $0
    Nontaxable benefits
    $30,804
    Filer's total
    $405,218
  • Ali Madha

    Chairman of the Board

    Total calculated
    $406,509
    From this org
    $373,610
    From related orgs
    $0
    Other
    $32,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,319
    Bonus
    $0
    Other
    $291
    Deferred
    $0
    Nontaxable benefits
    $32,899
    Filer's total
    $406,509
  • Atiq Nakrawala

    Treasurer

    Total calculated
    $67,930
    From this org
    $66,173
    From related orgs
    $0
    Other
    $1,757
    Hours/week
    40
  • Dr Naveed Mallick

    Board Member

    Total calculated
    $503,885
    From this org
    $439,040
    From related orgs
    $0
    Other
    $64,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $438,060
    Bonus
    $0
    Other
    $980
    Deferred
    $18,001
    Nontaxable benefits
    $46,844
    Filer's total
    $503,885
  • Nadir Ijaz

    Vice-Chairman of the Board

    Total calculated
    $0
    Hours/week
    10
  • Baseer Tajuddin

    Secretary

    Total calculated
    $0
    Hours/week
    10
  • Alaa Abdeldaiem

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Dr Henry Barlow

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Clyde El Amin

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Will Evans

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Ladale George

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Pastor Chris Harris

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Muaz Jondy

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Dr Harriet Lewis

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Paul Luu

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Amjad Quadri

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Habeeb Quadri

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Maryum Rasool

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Dillon Bannis

    Chief Medical Officer

    Total calculated
    $633,297
    From this org
    $588,162
    From related orgs
    $0
    Other
    $45,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $587,784
    Bonus
    $0
    Other
    $378
    Deferred
    $15,462
    Nontaxable benefits
    $29,673
    Filer's total
    $633,297
  • Mitul Patel

    VP of Patient Care Services

    Total calculated
    $231,688
    From this org
    $185,301
    From related orgs
    $0
    Other
    $46,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,121
    Bonus
    $0
    Other
    $180
    Deferred
    $8,000
    Nontaxable benefits
    $38,387
    Filer's total
    $231,688
  • Bobby Diniotis

    Physician

    Total calculated
    $866,672
    From this org
    $813,040
    From related orgs
    $0
    Other
    $53,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $812,500
    Bonus
    $0
    Other
    $540
    Deferred
    $29,153
    Nontaxable benefits
    $24,479
    Filer's total
    $866,672
  • Atya Alfllouse

    Physician

    Total calculated
    $791,916
    From this org
    $779,469
    From related orgs
    $0
    Other
    $12,447
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $778,227
    Bonus
    $0
    Other
    $1,242
    Deferred
    $0
    Nontaxable benefits
    $12,447
    Filer's total
    $791,916
  • Sarabjeet Singh

    Physician

    Total calculated
    $826,491
    From this org
    $742,692
    From related orgs
    $0
    Other
    $83,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $742,207
    Bonus
    $0
    Other
    $485
    Deferred
    $28,769
    Nontaxable benefits
    $55,030
    Filer's total
    $826,491
  • Nasim Nourmohammadi

    Physician

    Total calculated
    $687,939
    From this org
    $612,681
    From related orgs
    $0
    Other
    $75,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $612,205
    Bonus
    $0
    Other
    $476
    Deferred
    $22,458
    Nontaxable benefits
    $52,800
    Filer's total
    $687,939
  • Mohammed Hussain

    Physician

    Total calculated
    $641,042
    From this org
    $603,564
    From related orgs
    $0
    Other
    $37,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $600,000
    Bonus
    $0
    Other
    $3,564
    Deferred
    $18,000
    Nontaxable benefits
    $19,478
    Filer's total
    $641,042

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349319903

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