Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $110,141

• 1e · Government grants (contributions)

  $164,499

• 1f · All other contributions, gifts and grants

  $127,170

• 2a · Program service revenue: Net Patient Service Revenue

  total $125,420,347 · related or exempt $125,420,347

• 2b · Program service revenue: Other Operating Revenue

  total $6,615,621 · related or exempt $6,615,621

• 2c · Program service revenue: Cafeteria

  total $593,215 · excluded $593,215

• 3 · Investment income

  total $1,696,493 · excluded $1,696,493

• 6a · Gross rents

  real property $733,404

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $733,404

• 6d · Net rental income or loss

  total $733,404 · related or exempt $733,404

• 7a · Gross sales of assets other than inventory

  securities $9,178,846 · other assets $8,680

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

  securities $8,652,921 · other assets $0

• 7c · Gain or loss

  securities $525,925 · other assets $8,680

• 7d · Net gain or loss

  total $534,605 · excluded $534,605

• 8a · Fundraising events: gross income

  $18,119

• 8a · Fundraising events: contributions included on line 1c

  $110,141

• 8b · Fundraising events: direct expenses

  $24,393

• 8c · Net income from fundraising events

  total -$6,274 · excluded -$6,274

• 9a · Gaming: gross income

  $816

• 9b · Gaming: direct expenses

  $408

• 9c · Net income from gaming

  total $408 · excluded $408

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $53,000 · program services $53,000

• 5 · Compensation of officers, directors and key employees

  total $1,115,147 · program services $892,118 · management and general $223,029

• 7 · Other salaries and wages

  total $58,136,792 · program services $46,509,433 · management and general $11,627,359

• 8 · Pension plan contributions

  total $2,510,297 · program services $2,008,238 · management and general $502,059

• 9 · Other employee benefits

  total $7,979,008 · program services $6,383,207 · management and general $1,595,801

• 10 · Payroll taxes

  total $3,938,062 · program services $3,150,450 · management and general $787,612

• 11a · Fees: management

  total $468,333 · program services $374,666 · management and general $93,667

• 11b · Fees: legal

  total $180,794 · program services $144,635 · management and general $36,159

• 11c · Fees: accounting

  total $155,775 · program services $124,620 · management and general $31,155

• 11d · Fees: lobbying

  total $26,319 · management and general $26,319

• 11f · Fees: investment management

  total $172,441 · management and general $172,441

• 11g · Fees: other

  total $24,535,038 · program services $19,628,030 · management and general $4,907,008

• 12 · Advertising and promotion

  total $198,078 · program services $158,462 · management and general $39,616

• 13 · Office expenses

  total $623,251 · program services $498,601 · management and general $124,650

• 16 · Occupancy

  total $2,048,054 · program services $1,638,443 · management and general $409,611

• 17 · Travel

  total $251,844 · program services $201,475 · management and general $50,369

• 20 · Interest

  total $550,093 · program services $440,074 · management and general $110,019

• 22 · Depreciation, depletion and amortization

  total $6,284,618 · program services $5,027,694 · management and general $1,256,924

• 23 · Insurance

  total $1,853,585 · program services $1,482,868 · management and general $370,717

• 24a · Other expenses: Supplies

  total $16,344,086 · program services $13,075,269 · management and general $3,268,817

• 24b · Other expenses: Health Care Improvement

  total $7,112,742 · program services $7,112,742

• 24c · Other expenses: Miscellaneous Expenses

  total $1,516,082 · program services $1,243,162 · management and general $272,920

• 24d · Other expenses: Dues & Subscriptions

  total $435,540 · program services $348,432 · management and general $87,108

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,015 · end of year $3,190

• 2 · Savings and temporary cash investments

  beginning of year $14,521,891 · end of year $11,253,065

• 4 · Accounts receivable

  beginning of year $13,400,988 · end of year $14,887,531

• 7 · Other notes and loans receivable

  end of year $153,968

• 8 · Inventories for sale or use

  beginning of year $2,388,915 · end of year $2,540,032

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,320,443 · end of year $744,664

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

  $158,732,939

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

  $87,080,269

• 10c · Land, buildings and equipment, net

  beginning of year $71,107,717 · end of year $71,652,670

• 11 · Investments: publicly traded securities

  beginning of year $57,002,444 · end of year $72,685,988

• 14 · Intangible assets

  beginning of year $947,731 · end of year $726,717

• 15 · Other assets

  beginning of year $7,393,296 · end of year $8,764,652

• 17 · Accounts payable and accrued expenses

  beginning of year $11,536,809 · end of year $12,641,523

• 20 · Tax-exempt bond liabilities

  beginning of year $24,946,078 · end of year $23,269,536

• 23 · Secured mortgages and notes payable

  beginning of year $1,384,874 · end of year $1,289,111

• 25 · Other liabilities

  beginning of year $8,392,627 · end of year $11,434,982

• 27 · Net assets without donor restrictions

  beginning of year $118,913,125 · end of year $131,791,013

• 28 · Net assets with donor restrictions

  beginning of year $2,912,927 · end of year $2,986,312

The filer's explanations (Part III)

Part I, Line 7

Dr. Lawrence Sullivan, Dr. Gregory Brophey, Dr. Kahren Aydinyan, and Dr. Anna Royer received bonuses from an incentive compensation plan.

Related corporations and trusts

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

• Charitable Remainder Trust

  Trust · VT · controlled entity

  Directly controlled by Northwestern Medical Center