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Nonprofiteer
← SILVER CROSS HEALTH SYSTEM INC

Form 990 for tax year 2024

Filed by SILVER CROSS HEALTH SYSTEM INC.

Totals

Total revenue
$13,449,649
Total expenses
$10,732,057
Contributions and grants received
$0
Grants paid
$76,250
Program service revenue
$11,100,000
Investment income
$2,349,649
Other revenue
$0
Total assets, end of year
$190,146,538
Total liabilities, end of year
$165,632,594
Net assets or fund balances, end of year
$24,513,944
Program services expenses (Part IX)
$10,199,213
Management and general expenses
$295,473
Fundraising expenses
$237,371
Program service expenses (Part III)
$10,199,213

Program services were 95.0% 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: Management/Consulting Services

    total $11,100,000 · related or exempt $11,100,000

  • 3 · Investment income

    total $2,349,649 · excluded $2,349,649

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $76,250 · program services $76,250

  • 5 · Compensation of officers, directors and key employees

    total $6,742,204 · program services $6,742,204

  • 7 · Other salaries and wages

    total $397,393 · program services $397,393

  • 8 · Pension plan contributions

    total $1,084,434 · program services $1,084,434

  • 9 · Other employee benefits

    total $382,762 · program services $382,762

  • 10 · Payroll taxes

    total $259,280 · program services $259,280

  • 11b · Fees: legal

    total $44,618 · management and general $44,618

  • 11c · Fees: accounting

    total $82,267 · management and general $82,267

  • 11f · Fees: investment management

    total $509 · management and general $509

  • 11g · Fees: other

    total $350,750 · program services $350,750

  • 17 · Travel

    total $168,079 · management and general $168,079

  • 23 · Insurance

    total $216,183 · program services $216,183

  • 24a · Other expenses: Management Services

    total $637,797 · program services $637,797

  • 24b · Other expenses: Fundraising Expense

    total $237,371 · fundraising $237,371

  • 24c · Other expenses: Dues and Subscriptions

    total $42,019 · program services $42,019

  • 24e · All other expenses

    total $10,141 · program services $10,141

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,996,209 · end of year $1,134,348

  • 4 · Accounts receivable

    beginning of year $508,836 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $245,832 · end of year $192,013

  • 11 · Investments: publicly traded securities

    beginning of year $35,159,725 · end of year $37,425,886

  • 13 · Investments: program-related

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

  • 15 · Other assets

    beginning of year $88,616,695 · end of year $128,744,555

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,818,008 · end of year $3,836,992

  • 25 · Other liabilities

    beginning of year $120,834,334 · end of year $161,795,602

  • 27 · Net assets without donor restrictions

    beginning of year $24,524,691 · end of year $24,513,944

Mission and programs · 2024

Mission

Improve the health of those we serve and advance wellness in our community.

Activities or mission (Part I)

To establish, conduct and operate hospitals and community medical centers and to operate other facilities for the care of persons suffering from illnesses or disabilities or otherwise requiring inpatient or outpatient hospital care, community medical care or care in the home.

  • Management services provided to affiliated charitable organizations.

    Expenses $10,199,213 · Grants $76,250 · Revenue $11,100,000

As filed on the 2024 return.

Listed in Part VII

  • Vincent Pryor

    Asst. Treasurer/CFO

    Total calculated
    $1,196,946
    From this org
    $1,134,889
    From related orgs
    $0
    Other
    $62,057
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $647,730
    Bonus
    $329,163
    Other
    $157,996
    Deferred
    $20,700
    Nontaxable benefits
    $41,357
    Filer's total
    $1,196,946

  • Michael Mutterer

    President/CEO

    Total calculated
    $1,039,147
    From this org
    $981,821
    From related orgs
    $0
    Other
    $57,326
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $797,167
    Bonus
    $181,155
    Other
    $3,499
    Deferred
    $20,700
    Nontaxable benefits
    $36,626
    Filer's total
    $1,039,147

  • Jean Kenol

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Scudder

    First Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Susan Prock

    Second Vice Chair & Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr David Mikolajczak

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sid Bala

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cynthia Brassea

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Vincent Cornelius

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Terry D'Arcy

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Danielson MD

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Beverly Downs-Tryon

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jennifer Howard

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr David Livingston

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Judith Mitchell

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Phelan

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Denise Winfrey

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chris Udovich

    Chief Medical Officer

    Total calculated
    $821,798
    From this org
    $763,357
    From related orgs
    $0
    Other
    $58,441
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $561,093
    Bonus
    $153,053
    Other
    $49,211
    Deferred
    $20,700
    Nontaxable benefits
    $37,741
    Filer's total
    $821,798

  • Mark Jepson

    VP Human Resources

    Total calculated
    $537,524
    From this org
    $478,751
    From related orgs
    $0
    Other
    $58,773
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $297,668
    Bonus
    $138,144
    Other
    $42,939
    Deferred
    $20,700
    Nontaxable benefits
    $38,073
    Filer's total
    $537,524

  • Marybeth Antone

    VP Clinical Operations

    Total calculated
    $505,952
    From this org
    $452,929
    From related orgs
    $0
    Other
    $53,023
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,021
    Bonus
    $157,908
    Other
    $0
    Deferred
    $20,700
    Nontaxable benefits
    $32,323
    Filer's total
    $505,952

  • Matthew Renn

    VP Finance

    Total calculated
    $468,484
    From this org
    $410,955
    From related orgs
    $0
    Other
    $57,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,927
    Bonus
    $144,028
    Other
    $0
    Deferred
    $20,700
    Nontaxable benefits
    $36,829
    Filer's total
    $468,484

  • Dana Bradley

    VP Human Resources

    Total calculated
    $589,243
    From this org
    $533,417
    From related orgs
    $0
    Other
    $55,826
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $357,796
    Bonus
    $175,271
    Other
    $350
    Deferred
    $20,700
    Nontaxable benefits
    $35,126
    Filer's total
    $589,243

  • Teresa Andrea

    VP Chief Information Officer

    Total calculated
    $623,474
    From this org
    $561,831
    From related orgs
    $0
    Other
    $61,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $385,957
    Bonus
    $175,874
    Other
    $0
    Deferred
    $20,700
    Nontaxable benefits
    $40,943
    Filer's total
    $623,474

  • Scott Paddock

    SVP External Affairs

    Total calculated
    $544,603
    From this org
    $514,502
    From related orgs
    $0
    Other
    $30,101
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $342,030
    Bonus
    $172,472
    Other
    $0
    Deferred
    $20,700
    Nontaxable benefits
    $9,401
    Filer's total
    $544,603

  • Michelle Bober

    VP & Chief Strategy Offier

    Total calculated
    $351,188
    From this org
    $326,116
    From related orgs
    $0
    Other
    $25,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,974
    Bonus
    $62,142
    Other
    $0
    Deferred
    $19,535
    Nontaxable benefits
    $5,537
    Filer's total
    $351,188

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

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

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, Mark Jepson - $42,939, Chris Udovich - $49,211.
Part I, Line 7
Bonuses are based on achieved pre-established goals and are board approved before payout.

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

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.

  • 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 -$51,665 · share of assets $114,778,216

    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 $28,146,199 · share of assets $32,548,606 · controlled entity

    Directly controlled by Silver Cross Health System

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.5
Source object
202642309349301829

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