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Nonprofiteer
← RUSH MEDICAL GROUP

Form 990 for tax year 2024

Filed by RUSH MEDICAL GROUP.

Totals

Total revenue
$475,026,740
Total expenses
$790,555,685
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$474,836,945
Investment income
$189,795
Other revenue
$0
Total assets, end of year
$146,886,702
Total liabilities, end of year
$391,427,443
Net assets or fund balances, end of year
-$244,540,741
Program services expenses (Part IX)
$762,870,004
Management and general expenses
$27,685,681
Fundraising expenses
$0
Program service expenses (Part III)
$762,870,004

Program services were 96.5% 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: Patient Services

    total $474,836,945 · related or exempt $474,836,945

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $189,795 · excluded $189,795

  • 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.

  • 7 · Other salaries and wages

    total $484,422,515 · program services $466,950,469 · management and general $17,472,046

  • 8 · Pension plan contributions

    total $13,082,276 · program services $13,082,276

  • 9 · Other employee benefits

    total $58,441,691 · program services $55,240,137 · management and general $3,201,554

  • 10 · Payroll taxes

    total $16,102,559 · program services $16,102,559

  • 11a · Fees: management

    total $173,291 · program services $173,291

  • 11b · Fees: legal

    total $102,585 · program services $101,625 · management and general $960

  • 11c · Fees: accounting

    total $18,050 · program services $8,970 · management and general $9,080

  • 11g · Fees: other

    total $35,858,606 · program services $33,163,929 · management and general $2,694,677 · fundraising $0

  • 12 · Advertising and promotion

    total $202 · program services $20 · management and general $182

  • 13 · Office expenses

    total $3,193,291 · program services $3,107,562 · management and general $85,729

  • 14 · Information technology

    total $16,662,980 · program services $16,495,350 · management and general $167,630

  • 15 · Royalties

    total $1,643 · program services $1,643

  • 16 · Occupancy

    total $29,215,479 · program services $27,233,264 · management and general $1,982,215

  • 17 · Travel

    total $1,341,442 · program services $1,303,652 · management and general $37,790

  • 19 · Conferences, conventions and meetings

    total $1,013,531 · program services $985,520 · management and general $28,011

  • 22 · Depreciation, depletion and amortization

    total $10,381,824 · program services $10,381,824

  • 23 · Insurance

    total $34,514,052 · program services $34,452,112 · management and general $61,940

  • 24a · Other expenses: Equipment Maintenance

    total $18,304,594 · program services $18,107,764 · management and general $196,830

  • 24b · Other expenses: Membership Dues

    total $1,429,562 · program services $1,286,840 · management and general $142,722

  • 24c · Other expenses: Minor Equipment

    total $454,056 · program services $408,750 · management and general $45,306

  • 24d · Other expenses: Supplies

    total $64,868,273 · program services $63,309,264 · management and general $1,559,009

  • 24e · All other expenses

    total $973,183 · program services $973,183 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $40,735,863

  • 4 · Accounts receivable

    end of year $52,671,606

  • 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

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

    $118,765,087

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

    $79,546,853

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $39,218,234

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $14,260,999

  • 17 · Accounts payable and accrued expenses

    beginning of year -$2,290 · end of year $74,416,283

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,730 · end of year $317,011,160

  • 27 · Net assets without donor restrictions

    beginning of year $560 · end of year -$244,540,741

Mission and programs · 2024

Mission

The mission of Rush Medical Group 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 Medical Group (RMG) is a tax-exempt corporation within the Rush System for Health (RUSH) to consolidate academic and community-based providers. RUSH is a national leader in outstanding patient care, education, research, community partnerships and empowering a new generation of health care providers, which comprises Rush University Medical Center (RUMC), Rush Copley Medical Center (RCMC), Rush Oak Park Hospital, Inc. (ROPH) and Rush University, as well as an extensive provider network and numerous outpatient care facilities. RMG is comprised of roughly 900 physicians and 350 advanced practice providers in more than 111 specialties and subspecialties spread across the Chicagoland area, which primarily includes clinical locations at the RUMC campus in Chicago, ROPH, and RCMC campus in Aurora. The singular focus of RMG is to provide transformational patient care to deliver the promotion and preservation of the health and well-being across our diverse communities. As part of RUSH, translational research is a core component of patient care. Providers are involved in hundreds of clinical studies to test the effectiveness and safety of new therapies and medical devices, as well as to expand scientific and medical knowledge. RMG has a strong partnership with Rush Medical College (RMC) as well as Graduate Medical Education to enhance the educational opportunity of these trainees. RMC has an acclaimed history as one of the first medical colleges in the Midwest and continues to make major contributions to medical science and education through research and clinical trials. The health centers offer highly selective residency and fellowship programs in medical and surgical specialties and subspecialties. This unique practitioner-teacher model provides students the opportunity to learn from world-renowned instructors who practice what they teach.

    Expenses $762,870,004 · Revenue $474,836,945

As filed on the 2024 return.

Listed in Part VII

  • Dino P Rumoro DO MPH FACEP

    Chief Administrative Officer RUMC & ROPH

    Total calculated
    $1,066,541
    From this org
    $0
    From related orgs
    $890,567
    Other
    $175,974
    Hours/week
    1 + 29 related

    Schedule J breakdown matched by us

    Base
    $0 + $604,060 related
    Bonus
    $0 + $282,881 related
    Other
    $0 + $3,626 related
    Deferred
    $0 + $143,931 related
    Nontaxable benefits
    $0 + $32,043 related
    Filer's total
    $0 + $1,066,541 related

  • John Diederich MA MBA FACHE

    President & Chief Executive Officer, RCMC

    Total calculated
    $1,351,452
    From this org
    $0
    From related orgs
    $1,303,036
    Other
    $48,416
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $734,550 related
    Bonus
    $0 + $154,960 related
    Other
    $0 + $413,526 related
    Deferred
    $0 + $11,500 related
    Nontaxable benefits
    $0 + $36,916 related
    Filer's total
    $0 + $1,351,452 related

  • Matt Walsh MHA

    Chief Operating Officer, RUSH

    Total calculated
    $1,953,598
    From this org
    $0
    From related orgs
    $1,704,633
    Other
    $248,965
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,180,491 related
    Bonus
    $0 + $479,717 related
    Other
    $0 + $44,425 related
    Deferred
    $0 + $227,453 related
    Nontaxable benefits
    $0 + $21,512 related
    Filer's total
    $0 + $1,953,598 related

  • Omar B Lateef DO

    President & Chief Executive Officer, RUSH

    Total calculated
    $4,819,778
    From this org
    $0
    From related orgs
    $4,296,109
    Other
    $523,669
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,024,159 related
    Bonus
    $0 + $2,050,821 related
    Other
    $0 + $221,129 related
    Deferred
    $0 + $494,575 related
    Nontaxable benefits
    $0 + $29,094 related
    Filer's total
    $0 + $4,819,778 related

  • Robert S D Higgins MD MSHA

    President & Chief Academic Officer, Rush University

    Total calculated
    $1,316,566
    From this org
    $0
    From related orgs
    $1,139,616
    Other
    $176,950
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,039,177 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $50,439 related
    Deferred
    $0 + $157,094 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $1,316,566 related

  • Shonda W Morrow JD MS RN

    VP Patient Care Services

    Total calculated
    $557,772
    From this org
    $0
    From related orgs
    $488,372
    Other
    $69,400
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $338,261 related
    Bonus
    $0 + $111,392 related
    Other
    $0 + $38,719 related
    Deferred
    $0 + $56,398 related
    Nontaxable benefits
    $0 + $13,002 related
    Filer's total
    $0 + $557,772 related

  • Braden Mantei

    VP Operations, Rush Medical Group (start 9/24)

    Total calculated
    $368,819
    From this org
    $0
    From related orgs
    $320,586
    Other
    $48,233
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $263,544 related
    Bonus
    $0 + $57,042 related
    Other
    $0
    Deferred
    $0 + $17,290 related
    Nontaxable benefits
    $0 + $30,943 related
    Filer's total
    $0 + $368,819 related

  • Carl T Bergetz JD

    Chief Legal Officer, RUSH & Board Secretary, Rush Medical Group (start 9/24)

    Total calculated
    $1,335,342
    From this org
    $0
    From related orgs
    $1,152,334
    Other
    $183,008
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $703,287 related
    Bonus
    $0 + $320,381 related
    Other
    $0 + $128,666 related
    Deferred
    $0 + $162,643 related
    Nontaxable benefits
    $0 + $20,365 related
    Filer's total
    $0 + $1,335,342 related

  • Luis Garcia MD FACS MBA FACHE

    President, Rush Medical Group

    Total calculated
    $789,755
    From this org
    $0
    From related orgs
    $673,144
    Other
    $116,611
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $623,144 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $94,820 related
    Nontaxable benefits
    $0 + $21,791 related
    Filer's total
    $0 + $789,755 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

  • 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 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: Carl Bergetz - $126,334 John Diederich - $407,131 Omar Lateef - $218,606 Shonda W. Morrow - $35,519 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.

  • Rush Surgicenter at the Professional Building LP

    N/A · Surgery Center · IL

    Directly controlled by NA

  • Rush Copley Surgicenter LLC

    N/A · Surgery Center · IL

    Directly controlled by NA

  • Rush Copley Orthopedics LLC

    N/A · Healthcare · IL

    Directly controlled by NA

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

    C Corporation · Healthcare · IL · controlled entity

    Directly controlled by NA

  • Perpetual Trusts (14)

    Trust · Trust · IL · controlled entity

    Directly controlled by NA

  • Perpetual Trusts (4)

    Trust · Trust · RI · controlled entity

    Directly controlled by NA

  • Perpetual Trusts (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 (7)

    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 · controlled entity

    Directly controlled by NA

  • Rush Health ACO Inc

    C Corporation · Accountable Care Organization · IL · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202611349349312476

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