Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $635,039

• 1f · All other contributions, gifts and grants

  $13,665

• 2a · Program service revenue: Inpatient and Outpatient

  total $332,169,136 · related or exempt $331,841,481 · unrelated business $327,655

• 2b · Program service revenue: Cardiology

  total $46,739,239 · related or exempt $46,739,239

• 2c · Program service revenue: Oncology

  total $40,308,606 · related or exempt $40,308,606

• 2d · Program service revenue: Neurosurgery

  total $15,230,421 · related or exempt $15,230,421

• 2f · All other program service revenue

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

• 3 · Investment income

  total $13,676,202 · excluded $13,676,202

• 6a · Gross rents

  real property $518,829

• 6b · Less rental expenses

  real property $84,899

• 6c · Rental income or loss

  real property $433,930 · personal property $0

• 6d · Net rental income or loss

  total $433,930 · excluded $433,930

• 7a · Gross sales of assets other than inventory

  securities $183,392,972 · other assets $968,978

• 7b · Less cost or other basis and sales expenses

  securities $183,051,422 · other assets $159,506

• 7c · Gain or loss

  securities $341,550 · other assets $809,472

• 7d · Net gain or loss

  total $1,151,022 · excluded $1,151,022

• 11a · Other revenue: Specialty RX Revenue

  total $4,187,599 · excluded $4,187,599

• 11b · Other revenue: Cafeteria Revenue

  total $1,518,760 · excluded $1,518,760

• 11c · Other revenue: Ambulance

  total $644,852 · excluded $644,852

• 11d · All other revenue

  total $801,819 · related or exempt $14,925 · unrelated business $0 · excluded $786,894

• 11e · Other revenue, total

  $7,153,030

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $200,847 · program services $200,847

• 2 · Grants to domestic individuals

  total $30,450 · program services $30,450

• 5 · Compensation of officers, directors and key employees

  total $6,366,268 · program services $0 · management and general $6,366,268

• 6 · Compensation of disqualified persons

  total $195,510 · program services $195,510

• 7 · Other salaries and wages

  total $174,887,621 · program services $167,907,312 · management and general $6,980,309

• 8 · Pension plan contributions

  total $5,992,902 · program services $5,585,044 · management and general $407,858

• 9 · Other employee benefits

  total $16,065,562 · program services $15,175,560 · management and general $890,002

• 10 · Payroll taxes

  total $11,719,439 · program services $11,719,439

• 11b · Fees: legal

  total $525,002 · management and general $525,002

• 11c · Fees: accounting

  total $275,030 · management and general $275,030

• 11d · Fees: lobbying

  total $53,787 · management and general $53,787

• 11f · Fees: investment management

  total $2,160,851 · management and general $2,160,851

• 11g · Fees: other

  total $42,391,170 · program services $38,523,147 · management and general $3,868,023 · fundraising $0

• 12 · Advertising and promotion

  total $1,457,667 · program services $70,181 · management and general $1,387,486

• 13 · Office expenses

  total $2,380,137 · program services $219,185 · management and general $2,160,952

• 14 · Information technology

  total $9,667,611 · program services $9,667,611

• 16 · Occupancy

  total $4,753,344 · program services $4,726,120 · management and general $27,224

• 20 · Interest

  total $3,524,178 · program services $3,524,178

• 22 · Depreciation, depletion and amortization

  total $21,743,959 · program services $21,743,959

• 23 · Insurance

  total $9,754,879 · program services $9,754,879

• 24a · Other expenses: Supplies & Food Expense

  total $87,019,081 · program services $86,950,316 · management and general $68,765

• 24b · Other expenses: Provider Assessment

  total $18,825,747 · program services $18,825,747

• 24c · Other expenses: Maintenance & Repair Equipment

  total $4,326,413 · program services $4,318,508 · management and general $7,905

• 24d · Other expenses: Uniforms & Miscellaneous Supplies

  total $784,155 · program services $784,155 · management and general $0

• 24e · All other expenses

  total $309,110 · program services $992 · management and general $308,118 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $32,227,378 · end of year $33,622,683

• 2 · Savings and temporary cash investments

  beginning of year $55,141,525 · end of year $50,902,690

• 4 · Accounts receivable

  beginning of year $28,691,913 · end of year $60,951,502

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $302,631

• 8 · Inventories for sale or use

  beginning of year $8,167,507 · end of year $9,137,160

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,151,110 · end of year $12,308,053

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

  $560,252,407

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

  $305,893,020

• 10c · Land, buildings and equipment, net

  beginning of year $255,582,314 · end of year $254,359,387

• 11 · Investments: publicly traded securities

  beginning of year $284,212,580 · end of year $310,428,897

• 12 · Investments: other securities

  beginning of year $27,710,308 · end of year $23,302,286

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $47,596,063 · end of year $6,226,164

• 17 · Accounts payable and accrued expenses

  beginning of year $46,798,972 · end of year $84,416,876

• 20 · Tax-exempt bond liabilities

  beginning of year $127,772,979 · end of year $119,091,007

• 22 · Loans and payables to officers and key people

  end of year $0

• 24 · Unsecured notes and loans payable

  end of year $4,865,577

• 25 · Other liabilities

  beginning of year $85,947,366 · end of year $6,901,748

• 27 · Net assets without donor restrictions

  beginning of year $484,400,049 · end of year $542,947,672

• 28 · Net assets with donor restrictions

  beginning of year $4,561,332 · end of year $3,318,573

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

There are 6 select members of senior management that have country club dues paid on their behalf from Riverside Medical Center as a benefit. The country club dues are treated as taxable compensation.

Schedule J, Part I, Line 1a Personal services

There are 9 members of senior management who receive an annual benefit to use toward consulting with a personal financial planner or consultant. This benefit is treated as taxable compensation to these individuals.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

The following individuals participate in the organization's 457(f) plan. Total contributions to the plan for the year ended December 31, 2023 are as follows: PHILLIP KAMBIC - $429,324 PATRICIA VILT- $17,756 KYLE BENOIT - $13,120 AMOUNTS INCLUDED IN INCOME FOR THIS PLAN for the year ended December 31, 2023, were as follows: PHILLIP KAMBIC - $211,933 JUAN JIMENEZ - $97,746 VIJAY HARYANI - $67,896 BILL DOUGLAS - $46,481 VIKAS PATEL - $8,246 STONEWALL MCCUISTON - $1,201 PATRICIA VILT - $50,291 Saroja Yalamanchili - $5,006 Kyle Benoit - $20,080 Abhimanyu Beri - $3,688.

Related partnerships

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

• Riverside Ambulatory Surgery CTR LLC

  Related · Surgery Center · IL · share of income $216,142 · share of assets $561,025 · general or managing partner

  Directly controlled by Riverside Medical Center