Form 990 for tax year 2022
Filed by SILVER CROSS HEALTH SYSTEM INC.
Totals
- Total revenue
- $11,143,641
- Total expenses
- $9,779,402
- Contributions and grants received
- $0
- Grants paid
- $71,500
- Program service revenue
- $10,223,569
- Investment income
- $920,072
- Other revenue
- $0
- Total assets, end of year
- $124,523,243
- Total liabilities, end of year
- $103,022,537
- Net assets or fund balances, end of year
- $21,500,706
- Program services expenses (Part IX)
- $9,366,248
- Management and general expenses
- $175,806
- Fundraising expenses
- $237,348
- Program service expenses (Part III)
- $9,366,248
Program services were 95.8% 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 $10,223,569 · related or exempt $10,223,569
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $920,072 · excluded $920,072
-
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.
-
1 · Grants to domestic organizations and governments
total $71,500 · program services $71,500
-
5 · Compensation of officers, directors and key employees
total $6,084,248 · program services $6,084,248
-
7 · Other salaries and wages
total $357,707 · program services $357,707
-
8 · Pension plan contributions
total $838,827 · program services $838,827
-
9 · Other employee benefits
total $584,226 · program services $584,226
-
10 · Payroll taxes
total $175,047 · program services $175,047
-
11b · Fees: legal
total $32,031 · management and general $32,031
-
11c · Fees: accounting
total $46,930 · management and general $46,930
-
11f · Fees: investment management
total $5,032 · management and general $5,032
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $91,813 · management and general $91,813
-
23 · Insurance
total $259,037 · program services $259,037
-
24a · Other expenses: MANAGEMENT SERVICES
total $548,493 · program services $548,493
-
24b · Other expenses: FUNDRAISING EXPENSE
total $237,348 · fundraising $237,348
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $54,804 · program services $54,804
-
24d · Other expenses: CONSULTING
total $381,094 · program services $381,094
-
24e · All other expenses
total $11,265 · program services $11,265 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,103,362 · end of year $2,246,447
-
4 · Accounts receivable
beginning of year $345,984 · end of year $157,728
-
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
-
9 · Prepaid expenses and deferred charges
beginning of year $173,282 · end of year $256,815
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $29,970,141 · end of year $31,684,206
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $22,649,736 · end of year $22,649,736
-
15 · Other assets
beginning of year $48,113,327 · end of year $67,528,311
-
17 · Accounts payable and accrued expenses
beginning of year $4,095,827 · end of year $3,593,495
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $80,015,618 · end of year $99,429,042
-
27 · Net assets without donor restrictions
beginning of year $19,244,387 · end of year $21,500,706
Mission and programs · 2022
Mission
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 $9,366,248 · Grants $71,500 · Revenue $10,223,569
As filed on the 2022 return.
Listed in Part VII
-
Dr David MikolajczakDR DAVID MIKOLAJCZAK
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jean KenolJEAN KENOL
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Michael ScudderMICHAEL SCUDDER
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ruth ColbyRUTH COLBY
PRESIDENT/CEO
- Total calculated
- $1,603,310
- From this org
- $1,536,825
- From related orgs
- $0
- Other
- $66,485
- Hours/week
- 40 + 4 related
Schedule J breakdown matched by us
- Base
- $816,165
- Bonus
- $509,440
- Other
- $211,220
- Deferred
- $18,300
- Nontaxable benefits
- $48,185
- Filer's total
- $1,603,310
-
Susan ProckSUSAN PROCK
SECOND VICE CHAIR & SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Vincent PryorVINCENT PRYOR
ASST. TREASURER/CFO
- Total calculated
- $2,090,997
- From this org
- $2,031,024
- From related orgs
- $0
- Other
- $59,973
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $578,294
- Bonus
- $326,974
- Other
- $1,125,756
- Deferred
- $18,300
- Nontaxable benefits
- $41,673
- Filer's total
- $2,090,997
-
Denise WinfreyDENISE WINFREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Douglas Hutchison JrDOUGLAS HUTCHISON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr David LivingstonDR DAVID LIVINGSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Judith MitchellDR JUDITH MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jennifer HowardJENNIFER HOWARD
DIRECTOR (Beg 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
John PhelanJOHN PHELAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark Danielson MDMARK DANIELSON MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark StofanMARK STOFAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sid BalaSID BALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Terry D'ArcyTERRY D'ARCY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Vincent CorneliusVINCENT CORNELIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Chris Udovich MDCHRIS UDOVICH MD
CHIEF MEDICAL OFFICER
- Total calculated
- $561,476
- From this org
- $510,413
- From related orgs
- $0
- Other
- $51,063
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $311,162
- Bonus
- $155,016
- Other
- $44,235
- Deferred
- $18,300
- Nontaxable benefits
- $32,763
- Filer's total
- $561,477
-
Geoff TryonGEOFF TRYON
VP OPERATIONS
- Total calculated
- $383,962
- From this org
- $356,413
- From related orgs
- $0
- Other
- $27,549
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,615
- Bonus
- $169,832
- Other
- $45,966
- Deferred
- $18,300
- Nontaxable benefits
- $9,249
- Filer's total
- $383,962
-
Mark JepsonMARK JEPSON
VP HUMAN RESOURCES
- Total calculated
- $466,468
- From this org
- $414,328
- From related orgs
- $0
- Other
- $52,140
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $271,925
- Bonus
- $110,263
- Other
- $32,140
- Deferred
- $18,300
- Nontaxable benefits
- $33,840
- Filer's total
- $466,467
-
Matthew RennMATTHEW RENN
VP FINANCE
- Total calculated
- $162,033
- From this org
- $145,565
- From related orgs
- $0
- Other
- $16,468
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,565
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,468
- Filer's total
- $162,033
-
Michael MuttererMICHAEL MUTTERER
VP OF PATIENT CARE & CNO
- Total calculated
- $563,653
- From this org
- $510,160
- From related orgs
- $0
- Other
- $53,493
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $356,379
- Bonus
- $153,781
- Other
- $0
- Deferred
- $18,300
- Nontaxable benefits
- $35,193
- Filer's total
- $563,653
-
Scott Paddock
SVP of External Affairs
- Total calculated
- $485,739
- From this org
- $460,722
- From related orgs
- $0
- Other
- $25,017
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $312,753
- Bonus
- $147,969
- Other
- $0
- Deferred
- $18,300
- Nontaxable benefits
- $6,717
- Filer's total
- $485,739
-
Teresa AndreaTERESA ANDREA
VP CHIEF INFORMATION OFFICER
- Total calculated
- $485,234
- From this org
- $432,542
- From related orgs
- $0
- Other
- $52,692
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $284,573
- Bonus
- $147,969
- Other
- $0
- Deferred
- $18,300
- Nontaxable benefits
- $34,392
- Filer's total
- $485,234
-
Tracy SimonsTRACY SIMONS
Executive Director, Foundation
- Total calculated
- $269,153
- From this org
- $223,417
- From related orgs
- $0
- Other
- $45,736
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $171,031
- Bonus
- $51,786
- Other
- $600
- Deferred
- $38,021
- Nontaxable benefits
- $7,714
- Filer's total
- $269,153
-
Mary BakkenMARY BAKKEN
COO (TERM 7/9/2021)
- Total calculated
- $135,206
- From this org
- $135,206
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $135,206
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $135,206
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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 4a Severance or change-of-control payment
- MARY BAKKAN RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $135,206.72
- 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: Vincent Pryor - $1,125,756.24, Ruth Colby - $195,075, Mark Jepson - $32,140, Geoff Tryon - $45,466, Mary Bakken - $123,985, Chris Udovich - $44,235.
- Schedule J, Part I, Line 7 Non-fixed payments
- 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
-
$37,500
OPERATIONS
-
$24,000
OPERATIONS
-
$10,000
MAPP
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.
-
SILVER CROSS HOSPITAL AND MEDICAL CENTER
501(c)(3) · Acute care hospital · IL · controlled entity
Directly controlled by SCHS
-
501(c)(3) · FUNDRAISING · IL · controlled entity
Directly controlled by SCHS
-
MIDWEST COMMUNITY REAL ESTATE CORP
501(c)(3) · REAL ESTATE MANAGEMENT · IL · controlled entity
Directly controlled by SCHS
-
SILVER CROSS HEALTHY COMMUNITY COMM
501(c)(3) · COMMUNITY DEVELOPMENT · IL · controlled entity
Directly controlled by SCH
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
N/A · CANCER DIAGNOSIS AND TREATMENT · IL
Directly controlled by NA
-
PRIME MEDICAL IMAGING
Related · OUTPATIENT RADIOLOGICAL SERVICES · IL · 51% owned · general or managing partner
Directly controlled by SILVER CROSS HEALTH SYSTEM
-
ESSENTIAL HEALTH PARTNERS LLC
N/A · HEALTHCARE PROVIDER NETWORK · IL
Directly controlled by NA
-
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 CENTER
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
HEALTH SERVICE SYSTEMS INC
C Corporation · HEALTHCARE SERVICES · IL · 100% owned · share of income $19,432,790 · share of assets $17,126,076 · 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
- 202412279349302831
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