Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Management/Consulting Services

  total $10,579,509 · related or exempt $10,579,509

• 3 · Investment income

  total $3,542,439 · excluded $3,542,439

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $43,958 · program services $43,958

• 5 · Compensation of officers, directors and key employees

  total $6,622,988 · program services $6,622,988

• 7 · Other salaries and wages

  total $360,509 · program services $360,509

• 8 · Pension plan contributions

  total $680,629 · program services $680,629

• 9 · Other employee benefits

  total $1,038,314 · program services $1,038,314

• 10 · Payroll taxes

  total $204,015 · program services $204,015

• 11b · Fees: legal

  total $24,671 · management and general $24,671

• 11c · Fees: accounting

  total $73,512 · management and general $73,512

• 11f · Fees: investment management

  total $898 · management and general $898

• 11g · Fees: other

  total $740,218 · program services $740,218

• 17 · Travel

  total $109,433 · management and general $109,433

• 23 · Insurance

  total $229,857 · program services $229,857

• 24a · Other expenses: Management Services

  total $669,346 · program services $669,346

• 24b · Other expenses: Fundraising Expense

  total $252,326 · fundraising $252,326

• 24c · Other expenses: Dues and Subscriptions

  total $37,454 · program services $37,454

• 24e · All other expenses

  total $9,835 · program services $9,835

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,246,447 · end of year $1,996,209

• 4 · Accounts receivable

  beginning of year $157,728 · end of year $508,836

• 9 · Prepaid expenses and deferred charges

  beginning of year $256,815 · end of year $245,832

• 11 · Investments: publicly traded securities

  beginning of year $31,684,206 · end of year $35,159,725

• 13 · Investments: program-related

  beginning of year $22,649,736 · end of year $22,649,736

• 15 · Other assets

  beginning of year $67,528,311 · end of year $88,616,695

• 17 · Accounts payable and accrued expenses

  beginning of year $3,593,495 · end of year $3,818,008

• 25 · Other liabilities

  beginning of year $99,429,042 · end of year $120,834,334

• 27 · Net assets without donor restrictions

  beginning of year $21,500,706 · end of year $24,524,691

The filer's explanations (Part III)

Part I, Line 4b

The supplemental executive retirement program (SERP) is a non-qualified compensation program designed to provide additional, market-competitive retirement benefits to certain management employees. The SERP was designed to provide retirement benefits that take into account an employee's total compensation without regard to the annual limit on compensation that applies under qualified retirement plans. The board has reviewed and approved the SERP benefits, concluding that it is a market-competitive benefit and that the total retirement benefits and total compensation are reasonable when compared to the benefits and compensation provided by similarly situated organizations to employees in comparable positions. For the reporting year the following reported persons participated in the SERP and received the following employer-funded amounts: Vincent Pryor - $157,996, Ruth Colby - $208,730, Mark Jepson - $41,690, Chris Udovich - $71,667.

Part I, Line 7

Bonuses are based on achieved pre-established goals and are board approved before payout.

Related partnerships

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

• UCMCSCH Oncology JV LLC

  Cancer Diagnosis and Treatment · IL

• Prime Medical Imaging

  Outpatient radiological services · IL · general or managing partner

• Essential Health Partners LLC

  Healthcare Provider Network · IL

• Silver Cross MSO LLC

  Related · Managed care · IL · 86.7% owned · share of income $518,256 · share of assets $101,054,483

  Directly controlled by Silver Cross Health System

Related corporations and trusts

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

• Health Service Systems Inc

  C · Healthcare Services · IL · 100% owned · share of income $23,546,614 · share of assets $26,269,012 · controlled entity

  Directly controlled by Silver Cross Health System