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← SILVER CROSS HOSPITAL & MEDICAL CENTERS

Form 990 for tax year 2022

Filed by SILVER CROSS HOSPITAL & MEDICAL CENTERS.

Totals

Total revenue
$526,470,858
Total expenses
$504,031,650
Contributions and grants received
$1,714,977
Grants paid
$173,665
Program service revenue
$507,316,959
Investment income
$12,617,927
Other revenue
$4,820,995
Total assets, end of year
$1,038,832,678
Total liabilities, end of year
$585,325,932
Net assets or fund balances, end of year
$453,506,746
Program services expenses (Part IX)
$479,517,146
Management and general expenses
$24,514,504
Fundraising expenses
$0
Program service expenses (Part III)
$479,517,146

Program services were 95.1% 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.

  • 1d · Related organizations

    $818,629

  • 1f · All other contributions, gifts and grants

    $896,348

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $501,604,061 · related or exempt $501,604,061

  • 2b · Program service revenue: DEPARTMENT REVENUE

    total $1,938,185 · related or exempt $1,221,772 · unrelated business $716,413

  • 2c · Program service revenue: CANCER CENTER JV INCOME

    total $3,415,747 · related or exempt $3,415,747

  • 2d · Program service revenue: SURGERY CENTER JV INCOME

    total $875,227 · related or exempt $875,227

  • 2e · Program service revenue: SILVER OAKS JV INCOME

    total $964,777 · related or exempt $964,777

  • 2f · All other program service revenue

    total -$1,481,038 · related or exempt -$1,481,038 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $12,819,455 · excluded $12,819,455

  • 6a · Gross rents

    real property $2,488,374

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,488,374 · personal property $0

  • 6d · Net rental income or loss

    total $2,488,374 · excluded $2,488,374

  • 7a · Gross sales of assets other than inventory

    securities $929,304

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

    securities $1,130,832

  • 7c · Gain or loss

    securities -$201,528 · other assets $0

  • 7d · Net gain or loss

    total -$201,528 · excluded -$201,528

  • 11a · Other revenue: CAFETERIA REVENUE

    total $2,332,509 · excluded $2,332,509

  • 11b · Other revenue: AP DISCOUNTS

    total $112 · excluded $112

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $2,332,621

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $173,665 · program services $173,665

  • 7 · Other salaries and wages

    total $178,638,315 · program services $167,920,016 · management and general $10,718,299

  • 8 · Pension plan contributions

    total $7,164,876 · program services $6,734,983 · management and general $429,893

  • 9 · Other employee benefits

    total $20,673,037 · program services $19,432,655 · management and general $1,240,382

  • 10 · Payroll taxes

    total $13,339,174 · program services $12,538,824 · management and general $800,350

  • 11a · Fees: management

    total $9,148,088 · management and general $9,148,088

  • 11b · Fees: legal

    total $814,798 · management and general $814,798

  • 11c · Fees: accounting

    total $399,219 · management and general $399,219

  • 11d · Fees: lobbying

    total $42,328 · program services $42,328

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $176,522 · program services $94,257 · management and general $82,265

  • 11g · Fees: other

    total $50,879,952 · program services $50,879,952 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $804,750 · program services $804,750

  • 13 · Office expenses

    total $35,225,021 · program services $35,225,021

  • 16 · Occupancy

    total $5,189,060 · program services $4,877,716 · management and general $311,344

  • 17 · Travel

    total $172,743 · program services $172,743

  • 20 · Interest

    total $15,791,687 · program services $15,791,687

  • 22 · Depreciation, depletion and amortization

    total $28,582,923 · program services $28,154,179 · management and general $428,744

  • 23 · Insurance

    total $7,556,205 · program services $7,415,083 · management and general $141,122

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $102,857,150 · program services $102,857,150

  • 24b · Other expenses: PUBLIC AID STATE TAX

    total $21,485,055 · program services $21,485,055

  • 24c · Other expenses: NON MEDICAL SUPPLIES

    total $2,635,201 · program services $2,635,201

  • 24d · Other expenses: DIETARY CHARGES

    total $795,300 · program services $795,300

  • 24e · All other expenses

    total $1,486,581 · program services $1,486,581 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,530,154 · end of year $17,388,957

  • 2 · Savings and temporary cash investments

    beginning of year $2,221,108 · end of year $2,277,845

  • 3 · Pledges and grants receivable

    beginning of year $294,021 · end of year $373,910

  • 4 · Accounts receivable

    beginning of year $58,040,478 · end of year $61,495,812

  • 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

  • 8 · Inventories for sale or use

    beginning of year $10,325,377 · end of year $9,586,821

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,816,268 · end of year $6,618,930

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

    $761,785,130

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

    $360,487,801

  • 10c · Land, buildings and equipment, net

    beginning of year $415,057,728 · end of year $401,297,329

  • 11 · Investments: publicly traded securities

    beginning of year $278,887,496 · end of year $286,120,135

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $19,658,648 · end of year $22,220,678

  • 15 · Other assets

    beginning of year $166,565,600 · end of year $231,452,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,889,900 · end of year $77,343,826

  • 20 · Tax-exempt bond liabilities

    beginning of year $356,976,312 · end of year $347,445,927

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $120,614,265 · end of year $160,536,179

  • 27 · Net assets without donor restrictions

    beginning of year $417,272,580 · end of year $443,923,743

  • 28 · Net assets with donor restrictions

    beginning of year $8,643,821 · end of year $9,583,003

Mission and programs · 2022

Mission

TO ESTABLISH, CONDUCT, MAINTAIN AND OPERATE HOSPITALS AND COMMUNITY MEDICAL CENTERS AND TO FURNISH OTHER FACILITIES FOR THE CARE OF PERSONS SUFFERING FROM ILLNESSES OR INJURY.

Activities or mission (Part I)

SEE SCHEDULE O

  • PROVISION OF INPATIENT AND OUTPATIENT HEALTH CARE SERVICES. HOSPITAL INPATIENT AND OBSERVATION DAYS FOR THE TIME PERIOD COVERED BY THIS RETURN TOTALED 106,676. TOTAL PATIENTS SERVED TOTALED 257,738.

    Expenses $478,634,675 · Grants $173,665 · Revenue $506,971,104

  • COMMUNITY EDUCATION PROGRAMS, HEALTH PROFESSIONAL EDUCATION PROGRAMS, STUDENT INTERNSHIPS, SUPPORT GROUPS AND SUPPORT OF FREE COMMUNITY CLINIC.

    Expenses $766,561 · Revenue $330,620

  • HEALTH SCREENINGS AND WOMEN'S AND CHILDREN'S SERVICES.

    Expenses $115,910 · Revenue $15,235

As filed on the 2022 return.

Listed in Part VII

  • Dr David Mikolajczak

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jean Kenol

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Phelan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Scudder

    FIRST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ruth Colby

    PRESIDENT/CEO

    Total calculated
    $1,603,310
    From this org
    $0
    From related orgs
    $1,536,825
    Other
    $66,485
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $816,165 related
    Bonus
    $0 + $509,440 related
    Other
    $0 + $211,220 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $48,185 related
    Filer's total
    $0 + $1,603,310 related

  • Susan Prock

    SECOND VICE CHAIR & SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Vincent Pryor

    ASST. TREASURER

    Total calculated
    $2,090,997
    From this org
    $0
    From related orgs
    $2,031,024
    Other
    $59,973
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $578,294 related
    Bonus
    $0 + $326,974 related
    Other
    $0 + $1,125,756 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $41,673 related
    Filer's total
    $0 + $2,090,997 related

  • Denise Winfrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Douglas Hutchison Jr

    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

  • Mark Danielson MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Stofan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sid Bala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Terry D'Arcy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Vincent Cornelius

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Frank Butler

    ADM DIR PHARMACY SERVICES

    Total calculated
    $299,732
    From this org
    $253,362
    From related orgs
    $0
    Other
    $46,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,323
    Bonus
    $28,039
    Other
    $0
    Deferred
    $15,670
    Nontaxable benefits
    $30,700
    Filer's total
    $299,731

  • Jerome Daly

    CMO ESSENTIAL HEALTH PARTNERS

    Total calculated
    $495,960
    From this org
    $437,550
    From related orgs
    $0
    Other
    $58,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,050
    Bonus
    $84,500
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $40,110
    Filer's total
    $495,959

  • Kay Novak

    CONTROLLER

    Total calculated
    $330,320
    From this org
    $279,502
    From related orgs
    $0
    Other
    $50,818
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $241,899
    Bonus
    $37,603
    Other
    $0
    Deferred
    $17,351
    Nontaxable benefits
    $33,467
    Filer's total
    $330,320

  • Marybeth Antone

    ADM DIR PROCEDURAL CARE

    Total calculated
    $391,760
    From this org
    $348,302
    From related orgs
    $0
    Other
    $43,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,273
    Bonus
    $69,029
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $25,158
    Filer's total
    $391,760

  • Molly Brusca

    EXECUTIVE DIRECTOR, MEDICAL GROUP OPERATIONS

    Total calculated
    $302,851
    From this org
    $261,023
    From related orgs
    $0
    Other
    $41,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,427
    Bonus
    $49,246
    Other
    $350
    Deferred
    $13,013
    Nontaxable benefits
    $28,815
    Filer's total
    $302,851

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
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
SILVER CROSS HEALTH SYSTEM, THE PARENT ORGANIZATION OF SILVER CROSS HOSPITAL, USES THE FOLLOWING TO ESTABLISH EXECUTIVE COMPENSATION: 1) COMPENSATION COMMITTEE, 2) INDEPENDENT COMPENSATION CONSULTANT.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
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: RUTH COLBY - $195,075 AND VINCENT PRYOR - $1,125,756
Schedule J, Part I, Line 7 Non-fixed payments
LEADERSHIP HAS PARTIAL CALCULATED COMPENSATION EACH YEAR BASED ON INDIVIDUAL AND CORPORATE GOALS APPROVED BY EXECUTIVE LEADERSHIP.

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

    Related · CANCER DIAGNOSIS AND TREATMENT · IL · 60% owned · share of assets $11,851,782

    Directly controlled by UNIVERSITY OF CHICAGO MEDICAL CENTER

  • PRIME MEDICAL IMAGING

    N/A · OUTPATIENT RADIOLOGICAL SERVICES · IL

    Directly controlled by NA

  • Essential Health Partners LLC

    Related · Healthcare Provider Network · IL · 60% owned · share of income $718,543 · share of assets -$73,613 · general or managing partner

    Directly controlled by SILVER CROSS HOSPITAL AND MEDICAL CENTERS

  • SILVER CROSS MSO LLC

    Related · MANAGED CARE · IL · 80% owned · share of income $135,697 · share of assets $52,287,036

    Directly controlled by SILVER CROSS HOSPITAL AND MEDICAL CENTERS

Related corporations and trusts

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

  • HEALTH SERVICES SYSTEMS INC

    C Corporation · PHYSICIAN SERVICES · IL · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by SILVER CROSS HEALTH SYSTEM

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202412279349303016

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