Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Patient Service Revenue

  total $159,651,948 · related or exempt $159,651,948

• 2b · Program service revenue: Medical Building Rent Revenue

  total $5,008,555 · related or exempt $5,008,555

• 2c · Program service revenue: Investment in Healthcare Ventures

  total $36,319 · related or exempt $36,319

• 2d · Program service revenue: IHP Distributions

  total $3,688,896 · related or exempt $3,688,896

• 2e · Program service revenue: MDVIP Revenue

  total $1,098,360 · related or exempt $1,098,360

• 2f · All other program service revenue

  total $6,905,928 · related or exempt $6,905,928 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $17,001 · excluded $17,001

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  other assets $10,000

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

  other assets $55,901

• 7c · Gain or loss

  securities $0 · other assets -$45,901

• 7d · Net gain or loss

  total -$45,901 · excluded -$45,901

• 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.

• 5 · Compensation of officers, directors and key employees

  total $2,248,894 · program services $884,299 · management and general $1,364,595

• 6 · Compensation of disqualified persons

  total $1,251,704 · program services $647,731 · management and general $603,973

• 7 · Other salaries and wages

  total $160,655,164 · program services $154,415,944 · management and general $6,239,220

• 8 · Pension plan contributions

  total -$367,946 · program services -$349,548 · management and general -$18,398

• 9 · Other employee benefits

  total $15,964,733 · program services $15,166,496 · management and general $798,237

• 10 · Payroll taxes

  total $8,700,108 · program services $8,265,103 · management and general $435,005

• 11a · Fees: management

  total $21,684 · management and general $21,684

• 11g · Fees: other

  total $11,953,289 · program services $11,833,756 · management and general $119,533 · fundraising $0

• 12 · Advertising and promotion

  total $488 · program services $488

• 13 · Office expenses

  total $1,051,266 · program services $1,040,753 · management and general $10,513

• 16 · Occupancy

  total $11,869,590 · program services $10,326,543 · management and general $1,543,047

• 17 · Travel

  total $79,941 · program services $69,549 · management and general $10,392

• 20 · Interest

  total $928,105 · management and general $928,105

• 22 · Depreciation, depletion and amortization

  total $6,658,421 · program services $5,726,242 · management and general $932,179

• 23 · Insurance

  total $3,297,441 · program services $2,835,799 · management and general $461,642

• 24a · Other expenses: Medical Supplies

  total $15,583,318 · program services $15,583,318

• 24b · Other expenses: Repairs and maintenance

  total $1,001,005 · program services $990,995 · management and general $10,010

• 24c · Other expenses: Income Taxes

  total $454,653 · management and general $454,653

• 24d · Other expenses: Dues, subscriptions, and licenses

  total $254,105 · program services $222,023 · management and general $32,082

• 24e · All other expenses

  total $8,170 · program services $7,108 · management and general $1,062 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year -$1,734,365 · end of year -$1,588,991

• 4 · Accounts receivable

  beginning of year $8,215,558 · end of year $9,919,497

• 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 $641,208 · end of year $186,819

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

  $179,522,313

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

  $99,690,389

• 10c · Land, buildings and equipment, net

  beginning of year $89,212,351 · end of year $79,831,924

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $3,545,552 · end of year $3,783,755

• 14 · Intangible assets

  beginning of year $0 · end of year $996,917

• 15 · Other assets

  beginning of year $32,073,476 · end of year $36,615,776

• 17 · Accounts payable and accrued expenses

  beginning of year $29,132,411 · end of year $38,331,234

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  end of year $13,587,443

• 25 · Other liabilities

  beginning of year $37,444,453 · end of year $28,722,022

• 27 · Net assets without donor restrictions

  beginning of year $65,376,916 · end of year $49,104,998

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

The organization's officers and certain key employees are offered life insurance and long-term disability benefits. A transition bonus is paid to certain executives that no longer receive a gross-up payment to cover the tax impacts for life insurance and long-term disability.

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

ALL EDWARD HEALTH VENTURES EMPLOYEES ARE OFFERED A MEMBERSHIP AT THE EDWARD HEALTH & FITNESS CENTER, AN AFFILIATE OF EDWARD-ELMHURST HEALTHCARE, AS A TAXABLE EMPLOYEE BENEFIT. THE EDWARD HEALTH VENTURES PRESIDENT IS ALSO PROVIDED THIS BENEFIT FOR THEIR SPOUSE AND CHILDREN, ALSO AS A TAXABLE BENEFIT. THE VALUE OF THIS BENEFIT IS DETERMINED BASED UPON THE FAIR MARKET VALUE OF THESE MEMBERSHIPS, WHICH IS IN TURN DETERMINED BASED UPON THE ACTUAL AMOUNT THAT THE EDWARD HEALTH & FITNESS CENTER CHARGES TO OTHER CORPORATE CUSTOMERS.

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

A detailed compensation review of the top executives, including the Chief Executive Officer, is conducted annually. Market data is collected and assessed by an external independent compensation consultant who specializes in compensation consulting within the healthcare industry. The work product from this study is reviewed separately with Endeavor Health legal counsel. Market data for base and variable compensation is assessed annually for integrated delivery systems and academic medical centers that are similar in size and complexity. The market assessment includes assessing job content in order to make appropriate market data comparisons. Specific recommendations are then reviewed, discussed and approved as appropriate with the Endeavor Health Compensation Committee, in session with legal counsel present, in advance of implementation.

Schedule J, Part I, Line 4a Severance or change-of-control payment

The following individuals received severance payments based upon mutually agreed-upon separation agreement entered into with the organization: Chris Mollet - $444,092 Daniel Sullivan - $485,197 Mary Lou Mastro - $2,761,436

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

INDIVIDUALS WHO HAVE THE TITLE OF VICE PRESIDENT OR HIGHER ARE ELIGIBLE TO PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP); ANY ELIGIBLE PARTICIPANTS MUST BE APPROVED BY THE EDWARD-ELMHURST HEALTHCARE BOARD OF TRUSTEES. THE SERP WAS ESTABLISHED TO RECOGNIZE THE VALUABLE CONTRIBUTIONS THAT EACH OF THE PARTICIPANTS MAKES TO THE OPERATIONS OF EDWARD-ELMHURST HEALTHCARE AND TO REWARD CERTAIN EXECUTIVE EMPLOYEES FOR THEIR LONG-TERM SERVICE AND COMMITMENT TO EDWARD-ELMHURST HEALTHCARE. THE SERP IS DESIGNED TO SUPPLEMENT THESE PARTICIPANTS' INCOME IF THEY REMAIN WITH EDWARD-ELMHURST HEALTHCARE UNTIL AGE 65. IN EXCHANGE FOR THIS LONG-TERM SERVICE, EDWARD-ELMHURST HEALTHCARE WANTS TO SUPPLEMENT THESE PARTICIPANTS' RETIREMENT INCOME WITH ADDITIONAL ANNUAL COMPENSATION THAT IS INVESTED IN AN ANNUITY CONTRACT OR A LIFE INSURANCE VEHICLE; CONTRIBUTIONS VEST AFTER FIVE YEARS. The following individuals participated in a supplemental nonqualified retirement plan and below are the increases to the plan balances during 2023: Katie McGovern - $56,227 Joseph Dant - $110,202 Chris Mollet - $134,298 Daniel Sullivan - $130,590 Denise Chamberlain - $129,354 Gerald P Gallagher - $1,707,569 Douglas D Welday - $77,789 The following individuals received payments from a supplemental nonqualified retirement plan reported as taxable compensation: Chris Mollet - $134,298 Daniel Sullivan - $130,590 Denise Chamberlain - $583,558 Joseph Dant - $158,850

Schedule J, Part I, Line 7 Non-fixed payments

SCHEDULE J, PART 1, LINE 7 IS ANSWERED YES BECAUSE CERTAIN INDIVIDUALS, WHOSE SALARY AND BENEFITS ARE PAID BY THE REPORTING ORGANIZATION OR A RELATED ORGANIZATION, RECEIVED A NONFIXED PAYMENT (BONUS) DURING THE YEAR. THE NON-FIXED PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) AS BONUSES. THE BONUS AMOUNTS DETERMINED ARE BASED ON A FIXED PERCENTAGE OF BASE COMPENSATION, HOWEVER THEY ARE DISCRETIONARY IN NATURE, IN THAT DISCRETION IS GIVEN AS TO WHETHER OR NOT A BONUS WILL BE PAID FOR THE REPORTING PERIOD.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• ELMHURST OUTPATIENT SURGERY CENTER LLC

  N/A · SURGERY CENTER · IL

  Directly controlled by Elmhurst Memorial Healthcare

• INSIGHT MEDICAL IMAGING LLC

  Related · HEALTHCARE · IL · 60% owned · share of income $127,051 · share of assets $1,190,876

  Directly controlled by EDWARD HEALTH VENTURES

• MIDWEST ENDOSCOPY LLC

  Related · HEALTHCARE · IL · 51% owned · share of income $2,067,882 · share of assets $403,777

  Directly controlled by EDWARD HEALTH VENTURES

• RESIDENTIAL HOME HEALTH ILLINOIS LLC

  N/A · HEALTHCARE · IL

  Directly controlled by NA

• RAVINE WAY SURGERY CENTER LLC

  N/A · HEALTHCARE · IL

  Directly controlled by Endeavor Health Clinical Operations

• NWC DAY SURGERY CENTER II LLC

  N/A · OUTPATIENT CARE · IL

  Directly controlled by NORTHWEST COMMUNITY HEALTHCARE

• NORTHWEST ENDO CENTER LLC

  N/A · SURGICAL CARE · IL

  Directly controlled by NWC HEALTH SERVICES INC

• ENVISION MEDICAL IMAGING

  N/A · IMAGING SERVICES · IL

  Directly controlled by NWC HEALTH SERVICES INC

• RHHI Holdco LLC

  N/A · Healthcare · IL

  Directly controlled by NA

Related corporations and trusts

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

• IHP ACO

  C Corporation · HEALTHCARE · IL

  Directly controlled by Edward-Elmhurst Healthcare

• ELMHURST MEMORIAL HEALTH TECHNOLOGIES LLC

  C Corporation · PRACTICE MANAGEMENT · IL · controlled entity

  Directly controlled by Elmhurst Memorial Healthcare

• EEH SPC - SEGREGATED PORTFOLIO A

  C Corporation · INSURANCE · CJ · controlled entity

  Directly controlled by Edward-Elmhurst Healthcare

• EEH SPC - SEGREGATED PORTFOLIO B

  C Corporation · INSURANCE · CJ · controlled entity

  Directly controlled by Edward-Elmhurst Healthcare

• EEH SPC - Segregated Portfolio D

  C Corporation · INSURANCE · CJ · controlled entity

  Directly controlled by Edward-Elmhurst Healthcare

• DuPage Medical Group Portfolio Insurance Company

  C Corporation · INSURANCE · CJ · controlled entity

  Directly controlled by Edward-Elmhurst Healthcare

• NORTHSHORE LEGACY NPA INC

  C Corporation · HEALTHCARE · IL · controlled entity

  Directly controlled by Endeavor Health Medical Group

• NORTHSHORE PHYSICIAN ASSOCIATES VALUE BASED CARE LLC

  C Corporation · HEALTHCARE · IL · controlled entity

  Directly controlled by NORTHSHORE LEGACY NPA INC

• NORTHSHORE UNIVERSITY HEALTHSYSTEM INSURANCE INTERNATIONAL

  C Corporation · INSURANCE · CJ · controlled entity

  Directly controlled by NORTHSHORE UNIVERSITY HEALTHSYSTEM

• SWEDISH COVENANT MANAGEMENT SERVICES INC

  C Corporation · PHYSICIAN PRACTICE MANAGEMENT · IL · controlled entity

  Directly controlled by SWEDISH COVENANT HEALTH

• SWEDISH COVENANT PHYSICIAN PARTNERS LTD

  C Corporation · Managed Healthcare Provider · IL · controlled entity

  Directly controlled by SWEDISH COVENANT HEALTH

• NORTHWEST COMMUNITY HEALTH SERVICES INC

  C Corporation · HEALTHCARE · IL · controlled entity

  Directly controlled by NORTHWEST COMMUNITY HEALTHCARE