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Nonprofiteer
← SWEDISHAMERICAN FOUNDATION

Form 990 for tax year 2024

Filed by SWEDISHAMERICAN FOUNDATION.

Totals

Total revenue
$833,306
Total expenses
$854,632
Contributions and grants received
$409,849
Grants paid
$308,888
Program service revenue
$0
Investment income
$423,457
Other revenue
$0
Total assets, end of year
$22,922,689
Total liabilities, end of year
$493,554
Net assets or fund balances, end of year
$22,429,135
Program services expenses (Part IX)
$308,888
Management and general expenses
$33,528
Fundraising expenses
$512,216
Program service expenses (Part III)
$308,888

Program services were 36.1% 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.

  • 1f · All other contributions, gifts and grants

    $409,849

  • 3 · Investment income

    total $423,457 · excluded $423,457

  • 6a · Gross rents

    real property $55,087

  • 6b · Less rental expenses

    real property $55,087

  • 6c · Rental income or loss

    real property $0

  • 6d · Net rental income or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $308,888 · program services $308,888

  • 5 · Compensation of officers, directors and key employees

    total $230,163 · fundraising $230,163

  • 7 · Other salaries and wages

    total $70,233 · fundraising $70,233

  • 8 · Pension plan contributions

    total $790 · fundraising $790

  • 10 · Payroll taxes

    total $22,112 · fundraising $22,112

  • 11c · Fees: accounting

    total $912 · management and general $912

  • 11f · Fees: investment management

    total $32,616 · management and general $32,616

  • 11g · Fees: other

    total $34,955 · fundraising $34,955

  • 12 · Advertising and promotion

    total $44,047 · fundraising $44,047

  • 13 · Office expenses

    total $22,383 · fundraising $22,383

  • 14 · Information technology

    total $18,878 · fundraising $18,878

  • 16 · Occupancy

    total $50,279 · fundraising $50,279

  • 17 · Travel

    total $95 · fundraising $95

  • 19 · Conferences, conventions and meetings

    total $2,921 · fundraising $2,921

  • 22 · Depreciation, depletion and amortization

    total $7,213 · fundraising $7,213

  • 23 · Insurance

    total $361 · fundraising $361

  • 24a · Other expenses: Repairs & Maintenance

    total $6,954 · fundraising $6,954

  • 24b · Other expenses: Special Function Fee

    total $832 · fundraising $832

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,311 · end of year $463

  • 9 · Prepaid expenses and deferred charges

    beginning of year $158,522 · end of year $157,389

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

    $2,004,759

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

    $183,027

  • 10c · Land, buildings and equipment, net

    beginning of year $1,835,966 · end of year $1,821,732

  • 12 · Investments: other securities

    beginning of year $14,083,497 · end of year $15,214,606

  • 15 · Other assets

    beginning of year $5,270,033 · end of year $5,728,499

  • 17 · Accounts payable and accrued expenses

    beginning of year $271,747 · end of year $244,556

  • 25 · Other liabilities

    beginning of year $348,278 · end of year $248,998

  • 27 · Net assets without donor restrictions

    beginning of year $12,011,380 · end of year $13,054,307

  • 28 · Net assets with donor restrictions

    beginning of year $8,728,924 · end of year $9,374,828

Mission and programs · 2024

Mission

To provide financial and in-kind support for the stated missions of SwedishAmerican Hospital System Corporation, UW Health SwedishAmerican Hospital, and the affiliates operating in the State of Illinois.

  • SwedishAmerican Health Foundation (SAHF) supports UW Health SwedishAmerican Hospital, a 501(c)(3) organization in its mission to provide quality medical healthcare to communities in Northern Illinois and Southern Wisconsin regardless of race, creed, sex, national origin, handicap, age or ability to pay. During the current year, SAHF provided funding grants to specialized departments which helped enhance patient care and patient-visitor comfort.In 1918, UW Health SwedishAmerican Hospital opened its doors to patients in response to the city's need for healthcare services. UW Health SwedishAmerican Hospital recently completed a $126 million investment in our community. This major construction, modernization and expansion project will help us continue to provide the outstanding, top-quality healthcare which residents of Rockford and its surrounding communities expect and deserve. We recognize that improving the health of our community means investing in our community.During FY 2025, SwedishAmerican Health Foundation provided a grant of $175,713 toward UW Health SA Hospital departments for patient care and well-being.

    Expenses $175,713 · Grants $175,713

  • During fiscal year 2025, SwedishAmerican Health Foundation provided $133,175 in grants to the chaplaincy program. UW Health SwedishAmerican Hospital's clinically trained staff chaplains compassionately and respectfully assist patients and their families during some of life's most difficult moments. Chaplains round daily, help with advance directives, take part in patient care consults and do much, much more. The Chaplaincy Endowment Fund helps insure there always will be Pastoral Care at UW Health SwedishAmerican by underwriting the cost of providing professional chaplain staff 24 hours a day, seven days a week.

    Expenses $133,175 · Grants $133,175

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

Listed in Part VII

  • Travis Andersen

    President & CEO/Class I Director

    Total calculated
    $1,677,898
    From this org
    $0
    From related orgs
    $1,480,475
    Other
    $197,423
    Hours/week
    0.1 + 40.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $763,703 related
    Bonus
    $0 + $272,187 related
    Other
    $0 + $444,585 related
    Deferred
    $0 + $137,588 related
    Nontaxable benefits
    $0 + $59,835 related
    Filer's total
    $0 + $1,677,898 related

  • Michael Broski

    Class IV Director and Board Chair

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Sarene Alsharif

    Class II Director

    Total calculated
    $0
    Hours/week
    2

  • Adam Fleming

    Class II Director

    Total calculated
    $0
    Hours/week
    2

  • Carly LaMonica

    Class II Director

    Total calculated
    $0
    Hours/week
    2

  • Ana Montoya

    Class II Director

    Total calculated
    $0
    Hours/week
    2

  • Martesha Brown

    Class III Director

    Total calculated
    $0
    Hours/week
    2

  • Lesly Couper

    Class III Director

    Total calculated
    $0
    Hours/week
    2

  • David Rydell

    Class III Director

    Total calculated
    $0
    Hours/week
    2

  • Steven C Sjogren

    Class III Director

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Jennifer Baker

    Class IV Director

    Total calculated
    $0
    Hours/week
    2

  • Jeff Marrs

    Class IV Director

    Total calculated
    $0
    Hours/week
    2

  • Patricia DeWane

    Treasurer

    Total calculated
    $773,994
    From this org
    $0
    From related orgs
    $699,978
    Other
    $74,016
    Hours/week
    0.1 + 40.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,023 related
    Bonus
    $0 + $98,999 related
    Other
    $0 + $189,956 related
    Deferred
    $0 + $58,432 related
    Nontaxable benefits
    $0 + $15,584 related
    Filer's total
    $0 + $773,994 related

  • Julia Zimmerman

    Vice President

    Total calculated
    $400,410
    From this org
    $0
    From related orgs
    $325,494
    Other
    $74,916
    Hours/week
    0.1 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,577 related
    Bonus
    $0 + $63,519 related
    Other
    $0 + $3,398 related
    Deferred
    $0 + $39,809 related
    Nontaxable benefits
    $0 + $35,107 related
    Filer's total
    $0 + $400,410 related

  • Barbara Aaby

    Executive Director & Secretary

    Total calculated
    $199,186
    From this org
    $0
    From related orgs
    $171,346
    Other
    $27,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $151,624 related
    Bonus
    $0 + $19,722 related
    Other
    $0
    Deferred
    $0 + $3,018 related
    Nontaxable benefits
    $0 + $24,822 related
    Filer's total
    $0 + $199,186 related

  • Patti Meyer

    Assistant Secretary

    Total calculated
    $171,890
    From this org
    $0
    From related orgs
    $147,411
    Other
    $24,479
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,829 related
    Bonus
    $0 + $10,710 related
    Other
    $0 + $1,872 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,479 related
    Filer's total
    $0 + $171,890 related

  • Kristina Miller

    Assistant Secretary

    Total calculated
    $91,958
    From this org
    $0
    From related orgs
    $84,934
    Other
    $7,024
    Hours/week
    2 + 38 related

  • Timothy Flynn MD

    Former President, SA Medical Group

    Total calculated
    $711,690
    From this org
    $0
    From related orgs
    $606,222
    Other
    $105,468
    Hours/week
    0 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $479,252 related
    Bonus
    $0 + $119,842 related
    Other
    $0 + $7,128 related
    Deferred
    $0 + $65,176 related
    Nontaxable benefits
    $0 + $40,292 related
    Filer's total
    $0 + $711,690 related

  • Rosa Jeschke

    Former VP Human Resources

    Total calculated
    $462,155
    From this org
    $0
    From related orgs
    $423,826
    Other
    $38,329
    Hours/week
    0 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,354 related
    Bonus
    $0 + $66,238 related
    Other
    $0 + $84,234 related
    Deferred
    $0 + $25,128 related
    Nontaxable benefits
    $0 + $13,201 related
    Filer's total
    $0 + $462,155 related

  • Sal Ababneh

    Former COO/Pres of UWNI Hospitals

    Total calculated
    $430,327
    From this org
    $0
    From related orgs
    $320,506
    Other
    $109,821
    Hours/week
    0 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,704 related
    Bonus
    $0
    Other
    $0 + $4,802 related
    Deferred
    $0 + $42,526 related
    Nontaxable benefits
    $0 + $67,295 related
    Filer's total
    $0 + $430,327 related

  • Anna Taylor

    Former VP Patient Svcs/CNO

    Total calculated
    $288,243
    From this org
    $0
    From related orgs
    $266,181
    Other
    $22,062
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $67,872 related
    Bonus
    $0
    Other
    $0 + $198,309 related
    Deferred
    $0 + $21,678 related
    Nontaxable benefits
    $0 + $384 related
    Filer's total
    $0 + $288,243 related

  • Michael Polizzotto

    Former CMO/CIO

    Total calculated
    $478,205
    From this org
    $0
    From related orgs
    $424,156
    Other
    $54,049
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $424,156 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,965 related
    Nontaxable benefits
    $0 + $34,084 related
    Filer's total
    $0 + $478,205 related

  • James Cole DO

    Former VP Medical Affairs/CMO

    Total calculated
    $517,702
    From this org
    $0
    From related orgs
    $415,111
    Other
    $102,591
    Hours/week
    0 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $311,464 related
    Bonus
    $0 + $103,647 related
    Other
    $0
    Deferred
    $0 + $102,536 related
    Nontaxable benefits
    $0 + $55 related
    Filer's total
    $0 + $517,702 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

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

Answered no

  • 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)

Part I, Line 3
All compensation is determined by the Executive Compensation Committee of SwedishAmerican Health System Corporation and is paid by UW Health SwedishAmerican Hospital. All compensation decisions are made by independent persons. With respect to the Executive Director and other Officers, SwedishAmerican Health System Corporation follows a compensation approval procedure annually that involves approval of proposed and final compensation arrangements by SwedishAmerican Health System Corporation's Executive Compensation Committee using comparability data, as well as contemporaneous documentation of compensation decisions in the minutes.
Part I, Lines 4a-b
Severance payments during 2024 include: Anna Taylor - $198,309;. These payments are reported as taxable compensation on Part II, column (B)(iii). Contributions to the 457(f) plan during 2024 include: Travis Andersen - $129,008; Faisal Ababneh - $36,776; Timothy Flynn MD - $38,776; Patricia DeWane - $32,032; Julia Zimmerman - $20,552; Rosa Jeschke - $21,432; James Cole - $33,536; Anna Taylor - $16,140. Payments from the 457(f) plan during 2024 include: Travis Anderson - $387,533; Patricia DeWane - $186,230; Rosa Jeschke - $76,716. These payments are reported as taxable income on Part II, column (B) (iii). Part II, Column F: The amounts shown in column F were reported as deferred compensation in prior years but paid out in the current year. The amounts are also included in 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

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.

  • Chartwell Wisconsin Enterprises LLC

    Parent Entity of CW and CMW-HR · WI

  • Sixth Street Medical LLC

    Real Estate · WI

  • Three Rivers Partners LLC

    Information Technology Services · IL

  • The Featherstone Partnership LP

    Surgical Center of Parent Entity · IL

Related corporations and trusts

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

  • Physician's Care Network

    C · Health Services · IL · controlled entity

  • Quartz Health Benefit Plans Corporation

    C · Health Maintenance Organization · WI

  • Quartz Health Insurance Corporation

    C · Health Maintenance Organization · WI

  • Quartz Health Solutions Inc

    C · Insurance · WI

  • Quartz Holding Company

    C · Holding Company · WI

  • State & Charles Inc

    C · Holding Company · IL · controlled entity

  • SwedishAmerican Health Management Corp

    C · Management Services · IL · controlled entity

  • Wisconsin Dialysis Inc

    C · Dialysis services · WI

  • Charitable Remainder Unitrust (5)

    T · Trust · IL · controlled entity

    Directly controlled by SwedishAmerican Health Foundation

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.5
Source object
202621279349302152

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