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Nonprofiteer
← SWEDISHAMERICAN HOSPITAL

Form 990 for tax year 2023

Filed by SWEDISHAMERICAN HOSPITAL.

Totals

Total revenue
$888,094,833
Total expenses
$824,522,604
Contributions and grants received
$2,347,230
Grants paid
$125,000
Program service revenue
$859,110,234
Investment income
$18,531,066
Other revenue
$8,106,303
Total assets, end of year
$1,157,585,139
Total liabilities, end of year
$477,703,675
Net assets or fund balances, end of year
$679,881,464
Program services expenses (Part IX)
$662,108,978
Management and general expenses
$162,413,626
Fundraising expenses
$0
Program service expenses (Part III)
$662,108,978

Program services were 80.3% 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

    $261,058

  • 1e · Government grants (contributions)

    $2,086,172

  • 2a · Program service revenue: Patient Services

    total $520,107,255 · related or exempt $520,107,255

  • 2b · Program service revenue: Medicare/Medicaid

    total $338,276,274 · related or exempt $338,276,274

  • 2f · All other program service revenue

    total $726,705 · related or exempt $726,705

  • 3 · Investment income

    total $16,033,252 · excluded $16,033,252

  • 6a · Gross rents

    real property $8,259

  • 6b · Less rental expenses

    real property $4,203

  • 6c · Rental income or loss

    real property $4,056

  • 6d · Net rental income or loss

    total $4,056 · excluded $4,056

  • 7a · Gross sales of assets other than inventory

    securities $10,480,915 · other assets $104,322

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

    securities $8,084,652 · other assets $2,771

  • 7c · Gain or loss

    securities $2,396,263 · other assets $101,551

  • 7d · Net gain or loss

    total $2,497,814 · excluded $2,497,814

  • 11a · Other revenue: Interdept. Billing

    total $2,401,103 · related or exempt $2,401,103

  • 11b · Other revenue: Cafeteria & Vending

    total $1,746,657 · related or exempt $1,736,333 · unrelated business $10,324

  • 11c · Other revenue: Day Care Center

    total $1,702,407 · excluded $1,702,407

  • 11d · All other revenue

    total $2,252,080 · related or exempt $2,800,568 · unrelated business -$548,488

  • 11e · Other revenue, total

    $8,102,247

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,000 · program services $125,000

  • 5 · Compensation of officers, directors and key employees

    total $5,810,745 · program services $690,606 · management and general $5,120,139

  • 6 · Compensation of disqualified persons

    total $905,066 · management and general $905,066

  • 7 · Other salaries and wages

    total $337,009,130 · program services $273,787,447 · management and general $63,221,683

  • 8 · Pension plan contributions

    total $15,975,245 · program services $2,259,338 · management and general $13,715,907

  • 9 · Other employee benefits

    total $25,032,201 · program services $5,556,217 · management and general $19,475,984

  • 10 · Payroll taxes

    total $21,300,182 · program services $18,185,738 · management and general $3,114,444

  • 11b · Fees: legal

    total $182,796 · management and general $182,796

  • 11c · Fees: accounting

    total $136,928 · management and general $136,928

  • 11d · Fees: lobbying

    total $165,232 · management and general $165,232

  • 11f · Fees: investment management

    total $735,038 · management and general $735,038

  • 11g · Fees: other

    total $87,732,369 · program services $76,552,976 · management and general $11,179,393

  • 12 · Advertising and promotion

    total $1,640,033 · program services $77,623 · management and general $1,562,410

  • 13 · Office expenses

    total $7,011,844 · program services $3,089,361 · management and general $3,922,483

  • 14 · Information technology

    total $9,160,416 · program services $1,893,578 · management and general $7,266,838

  • 16 · Occupancy

    total $18,256,966 · program services $13,148,406 · management and general $5,108,560

  • 17 · Travel

    total $307,374 · program services $139,067 · management and general $168,307

  • 19 · Conferences, conventions and meetings

    total $426,258 · program services $221,106 · management and general $205,152

  • 20 · Interest

    total $8,031,457 · program services $71,025 · management and general $7,960,432

  • 22 · Depreciation, depletion and amortization

    total $30,078,268 · program services $29,275,905 · management and general $802,363

  • 23 · Insurance

    total $11,000,003 · program services $4,600,644 · management and general $6,399,359

  • 24a · Other expenses: Patient Supplies

    total $160,569,732 · program services $158,801,273 · management and general $1,768,459

  • 24b · Other expenses: IPA Provider Tax

    total $28,975,887 · program services $28,975,887

  • 24c · Other expenses: Bad Debts

    total $25,703,980 · program services $25,703,980

  • 24d · Other expenses: UBI Tax Expense

    total $204 · management and general $204

  • 24e · All other expenses

    total $28,250,250 · program services $18,953,801 · management and general $9,296,449

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $139,417,667 · end of year $153,448,957

  • 4 · Accounts receivable

    beginning of year $78,845,300 · end of year $82,601,272

  • 8 · Inventories for sale or use

    beginning of year $11,675,945 · end of year $14,340,222

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,434,989 · end of year $20,546,181

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

    $640,067,130

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

    $220,634,577

  • 10c · Land, buildings and equipment, net

    beginning of year $411,167,531 · end of year $419,432,553

  • 11 · Investments: publicly traded securities

    beginning of year $15,835,267 · end of year $17,760,665

  • 12 · Investments: other securities

    beginning of year $324,867,085 · end of year $355,124,217

  • 13 · Investments: program-related

    beginning of year $4,085,169 · end of year $3,123,402

  • 15 · Other assets

    beginning of year $69,657,253 · end of year $91,207,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $115,318,159 · end of year $113,793,113

  • 20 · Tax-exempt bond liabilities

    beginning of year $230,332,299 · end of year $226,755,367

  • 25 · Other liabilities

    beginning of year $122,757,145 · end of year $137,155,195

  • 27 · Net assets without donor restrictions

    beginning of year $597,578,603 · end of year $679,881,464

Mission and programs · 2023

Mission

Through excellence in healthcare and compassionate service, we care for our community.

  • UW Health SwedishAmerican Hospital (SAH) operates two full service acute care hospitals with a combined total of 387 licensed beds, serving the greater Rockford region, Northern Illinois and Southern Wisconsin. Our vision is to develop a fully integrated healthcare delivery network that will continuously set the standard for quality care and service, accept responsibility for building a healthier population, provide regional access, improve resource utilization through collaboration with key stakeholders and manage patient care and our resources in such a way that we create value for our patients and benefit for our community. During 2024, we cared for 18,543 inpatients and performed 1,720,816 outpatient procedures. This includes emergency room visits 81,273 and 2,720 deliveries. We sponsor the University of Illinois - College of Medicine Program and provided $4.4 million in education for primary care residents. Our employees and volunteers provided nearly 4,045 hours in unpaid community services. UW Health SwedishAmerican recognizes its responsibility to all the people of our community, regardless of their ability to pay for care.

    Expenses $416,958,554 · Grants $125,000 · Revenue $616,191,325

  • UW Health SwedishAmerican Hospital employs primary care and specialty physicians who practice at 42 locations throughout our service area. We employ specialists in orthopedics, cardiology, cardiothoracic surgery, endocrinology, allergy, neurology, neurosurgery, pulmonology/critical care, hematology/oncology, obstetrics and gynecology, maternal fetal medicine, rheumatology, psychiatry, podiatry, otolaryngology, as well as internal medicine, family practice, immediate care and pediatric physicians. During 2024, our physician encounters were 479,995 and our out-patient ancillary encounters were 179,247.

    Expenses $152,032,863 · Revenue $106,433,715

  • UW Health SwedishAmerican Regional Cancer Center opened to the public in October 2013 and has been providing leading edge cancer care treatment for the Rock River Valley. The center is part of a collaborative with UW Health and its nationally recognized University of Wisconsin Carbone Cancer Center. The two-story facility offers radiation therapy, medical oncology, chemotherapy and infusion services. Patients have access to clinical trials, state-of-the-art linear acceleratory treatments such as IGRT, IMRT, Rapid Arc, OBI and stereotactic services, and advanced medical imaging. The Regional Cancer Center is staffed by medical and radiation oncologists, physicists, dosimetrists, radiation therapists and nurses. During 2024, our physician encounters were 37,101 and our out-patient ancillary encounters were over 78,077.

    Expenses $86,265,158 · Revenue $138,699,368

  • UW Health SwedishAmerican Home Health Care is a quality leader in providing individualized care in patients' homes. Working in partnership with a patient's doctor, our certified, trained staff provides a wide range of services and specializes in helping patients to remain independent and comfortable. Our experienced caregivers include registered nurses; certified nursing assistants, dietitians; physical, occupational and speech therapists; and medical social workers. RNs provide assessments, treatments and medication administration and patient education/teaching. Our therapists provide assessments and treatments. Medical social workers assist with assessments, counseling and helping patients and their families' access available community resources. CNAs provide baths and personal grooming. Our staff has the credentials and advanced training needed to assure that patients receive the highest quality of care possible. During 2024, we recorded 12,383 visits.

    Expenses $6,852,403 · Revenue $4,723,830

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Bolt

    Trustee (until 9/16/23)

    Total calculated
    $1,604,339
    From this org
    $0
    From related orgs
    $1,364,369
    Other
    $239,970
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $763,298 related
    Bonus
    $0 + $398,403 related
    Other
    $0 + $202,668 related
    Deferred
    $0 + $210,666 related
    Nontaxable benefits
    $0 + $29,304 related
    Filer's total
    $0 + $1,604,339 related

  • Peter D Newcomer MD MMM

    Trustee

    Total calculated
    $1,387,607
    From this org
    $0
    From related orgs
    $1,121,369
    Other
    $266,238
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $773,250 related
    Bonus
    $0 + $348,119 related
    Other
    $0
    Deferred
    $0 + $264,810 related
    Nontaxable benefits
    $0 + $1,428 related
    Filer's total
    $0 + $1,387,607 related

  • Carey Gehl

    Trustee (as of 9/16/23)

    Total calculated
    $1,343,722
    From this org
    $0
    From related orgs
    $1,169,859
    Other
    $173,863
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,233 related
    Bonus
    $0 + $241,202 related
    Other
    $0 + $286,424 related
    Deferred
    $0 + $137,568 related
    Nontaxable benefits
    $0 + $36,295 related
    Filer's total
    $0 + $1,343,722 related

  • Travis Andersen

    President & CEO

    Total calculated
    $1,155,921
    From this org
    $948,984
    From related orgs
    $0
    Other
    $206,937
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $797,792
    Bonus
    $123,125
    Other
    $28,067
    Deferred
    $159,713
    Nontaxable benefits
    $47,224
    Filer's total
    $1,155,921

  • Mohamed Zeater MD

    Physician

    Total calculated
    $1,130,186
    From this org
    $1,063,910
    From related orgs
    $0
    Other
    $66,276
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,061,581
    Bonus
    $2,329
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $49,776
    Filer's total
    $1,130,186

  • Eric Xanthopoulos MD

    Physician

    Total calculated
    $1,010,752
    From this org
    $945,280
    From related orgs
    $0
    Other
    $65,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $945,280
    Bonus
    $0
    Other
    $0
    Deferred
    $19,004
    Nontaxable benefits
    $46,468
    Filer's total
    $1,010,752

  • Ben Durkee MD

    Physician

    Total calculated
    $976,300
    From this org
    $910,893
    From related orgs
    $0
    Other
    $65,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $888,840
    Bonus
    $22,053
    Other
    $0
    Deferred
    $19,965
    Nontaxable benefits
    $45,442
    Filer's total
    $976,300

  • Rehmat Sheikh MD

    Physician

    Total calculated
    $897,129
    From this org
    $873,687
    From related orgs
    $0
    Other
    $23,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $861,109
    Bonus
    $10,028
    Other
    $2,550
    Deferred
    $19,965
    Nontaxable benefits
    $3,477
    Filer's total
    $897,129

  • Yaser Siraj MD

    Physician

    Total calculated
    $891,824
    From this org
    $877,433
    From related orgs
    $0
    Other
    $14,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $852,317
    Bonus
    $7,521
    Other
    $17,595
    Deferred
    $3,465
    Nontaxable benefits
    $10,926
    Filer's total
    $891,824

  • Timothy Flynn MD

    President, SA Medical Group

    Total calculated
    $682,720
    From this org
    $550,572
    From related orgs
    $0
    Other
    $132,148
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $471,882
    Bonus
    $53,431
    Other
    $25,259
    Deferred
    $82,440
    Nontaxable benefits
    $49,708
    Filer's total
    $682,720

  • Sal Ababneh

    COO & President of UWNI Hospitals

    Total calculated
    $678,610
    From this org
    $571,410
    From related orgs
    $0
    Other
    $107,200
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $474,686
    Bonus
    $54,163
    Other
    $42,561
    Deferred
    $60,914
    Nontaxable benefits
    $46,286
    Filer's total
    $678,610

  • Thomas O'Connor

    Former President & CEO

    Total calculated
    $585,228
    From this org
    $585,228
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $11,766
    Bonus
    $0
    Other
    $573,462
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $585,228

  • Patricia DeWane

    VP, CFO, & Treasurer

    Total calculated
    $578,277
    From this org
    $497,721
    From related orgs
    $0
    Other
    $80,556
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $426,805
    Bonus
    $67,788
    Other
    $3,128
    Deferred
    $72,684
    Nontaxable benefits
    $7,872
    Filer's total
    $578,277

  • Michael Polizzotto

    Former CMO/CMIO

    Total calculated
    $466,857
    From this org
    $409,575
    From related orgs
    $0
    Other
    $57,282
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $382,884
    Bonus
    $26,691
    Other
    $0
    Deferred
    $19,965
    Nontaxable benefits
    $37,317
    Filer's total
    $466,857

  • James Cole DO

    VP Medical Affairs/CMO

    Total calculated
    $461,963
    From this org
    $0
    From related orgs
    $363,596
    Other
    $98,367
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,076 related
    Bonus
    $0 + $74,520 related
    Other
    $0
    Deferred
    $0 + $98,312 related
    Nontaxable benefits
    $0 + $55 related
    Filer's total
    $0 + $461,963 related

  • Julia Zimmerman

    VP Strategic Growth

    Total calculated
    $434,201
    From this org
    $314,180
    From related orgs
    $0
    Other
    $120,021
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $277,273
    Bonus
    $33,991
    Other
    $2,916
    Deferred
    $48,957
    Nontaxable benefits
    $71,064
    Filer's total
    $434,201

  • William Mewes

    Interim VP Patient Services/CNO

    Total calculated
    $433,782
    From this org
    $393,941
    From related orgs
    $0
    Other
    $39,841
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $248,557
    Bonus
    $12,145
    Other
    $133,239
    Deferred
    $4,326
    Nontaxable benefits
    $35,515
    Filer's total
    $433,782

  • Allen D Williams MD

    Trustee

    Total calculated
    $420,967
    From this org
    $347,963
    From related orgs
    $0
    Other
    $73,004
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $338,640
    Bonus
    $6,900
    Other
    $2,423
    Deferred
    $26,400
    Nontaxable benefits
    $46,604
    Filer's total
    $420,967

  • Rosa Jeschke

    VP Human Resources

    Total calculated
    $337,589
    From this org
    $297,585
    From related orgs
    $0
    Other
    $40,004
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $268,720
    Bonus
    $26,193
    Other
    $2,672
    Deferred
    $34,668
    Nontaxable benefits
    $5,336
    Filer's total
    $337,589

  • Anna Taylor

    VP Patient Svcs/CNO (until 2/24)

    Total calculated
    $201,908
    From this org
    $196,225
    From related orgs
    $0
    Other
    $5,683
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $187,369
    Bonus
    $8,856
    Other
    $0
    Deferred
    $5,538
    Nontaxable benefits
    $145
    Filer's total
    $201,908

  • Daniel T Ross

    Chmn of the Board

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Jeffrey J Kaney Sr

    Immediate Past Chairman (until 6/24)

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Jeffrey S Hultman

    1st Vice Chmn/Secy

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Thomas R Walsh

    Audit/Compliance Chairman

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Anqunette Parham

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Frank E Walter

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Helen Chung Hill

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Kathleen Kelly MD

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Marco T Lenis

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Michael Broski

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Pamela Maher

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Steven C Sjogren

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Amanda Miller DO

    Medical Staff Director

    Total calculated
    $0
    Hours/week
    40

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 SwedishAmerican Hospital. All compensation decisions are made by independent persons. With respect to the President & CEO 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 2023 include: Tom O'Connor - $573,462; William Mewes - $87,850. These payments are reported as taxable compensation on Part II, column (B)(iii). Contributions to the 457(f) plan during 2023 include: Travis Andersen - $151,133; Faisal Ababneh - $55,164; Timothy Flynn MD - $56,040; Patricia DeWane - $46,284; Julia Zimmerman - $29,700; Rose Jeschke - $30,972; Elizabeth Bolt - $185,256; Carey Gehl - $112,158; Peter Newcomer - $198,810; James Cole - $32,312. Payments from the 457(f) plan during 2023 include: Julia Zimmerman - $18,973; Elizabeth Bolt - $185,256; Carey Gehl - $285,741. 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

  • City of Rockford Fire Department

    $125,000

    Funding for a paramedic for the mobile integrated healthcare program

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

    N/A · Parent Entity of CW and CMw-HR · WI

  • Sixth Street Medical LLC

    N/A · Real Estate · WI

  • Three Rivers Partners LLC

    N/A · Information Technology Services · 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

    C · Dialysis Services · WI

  • Charitable Remainder Unitrusts (5)

    T · Trust · IL · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202521279349301542

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.