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Nonprofiteer
← LORETTO HOSPITAL

Form 990 for tax year 2022

Filed by LORETTO HOSPITAL.

Totals

Total revenue
$83,729,204
Total expenses
$78,317,138
Contributions and grants received
$43,279,716
Grants paid
$0
Program service revenue
$40,023,307
Investment income
$211,121
Other revenue
$215,060
Total assets, end of year
$35,478,438
Total liabilities, end of year
$20,914,050
Net assets or fund balances, end of year
$14,564,388
Program services expenses (Part IX)
$61,112,414
Management and general expenses
$17,182,555
Fundraising expenses
$22,169
Program service expenses (Part III)
$61,112,414

Program services were 78.0% 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.

  • 1e · Government grants (contributions)

    $43,229,104

  • 1f · All other contributions, gifts and grants

    $50,612

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $40,023,307 · related or exempt $40,023,307

  • 3 · Investment income

    total $211,121 · excluded $211,121

  • 6a · Gross rents

    real property $109,995

  • 6c · Rental income or loss

    real property $109,995

  • 6d · Net rental income or loss

    total $109,995 · excluded $109,995

  • 11a · Other revenue: MISCELLANEOUS

    total $63,869 · excluded $63,869

  • 11b · Other revenue: CAFETERIA

    total $36,650 · excluded $36,650

  • 11c · Other revenue: MEDICAL RECORDS

    total $4,546 · excluded $4,546

  • 11e · Other revenue, total

    $105,065

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,124,487 · program services $318,668 · management and general $805,819

  • 7 · Other salaries and wages

    total $31,760,289 · program services $25,735,393 · management and general $6,008,370 · fundraising $16,526

  • 8 · Pension plan contributions

    total $776,381 · program services $615,156 · management and general $160,835 · fundraising $390

  • 9 · Other employee benefits

    total $2,707,058 · program services $2,146,657 · management and general $559,027 · fundraising $1,374

  • 10 · Payroll taxes

    total $2,629,541 · program services $2,106,451 · management and general $521,731 · fundraising $1,359

  • 11b · Fees: legal

    total $1,455,313 · management and general $1,455,313

  • 11c · Fees: accounting

    total $553,534 · management and general $553,534

  • 11g · Fees: other

    total $17,779,784 · program services $15,575,414 · management and general $2,204,370

  • 12 · Advertising and promotion

    total $37,444 · management and general $37,444

  • 13 · Office expenses

    total $996,356 · program services $750,970 · management and general $245,366 · fundraising $20

  • 14 · Information technology

    total $95,364 · management and general $95,364

  • 16 · Occupancy

    total $676,439 · program services $488,381 · management and general $188,058

  • 17 · Travel

    total $133,929 · program services $112,407 · management and general $21,522

  • 19 · Conferences, conventions and meetings

    total $174,600 · program services $42,879 · management and general $131,721

  • 20 · Interest

    total $1,054,336 · management and general $1,054,336

  • 22 · Depreciation, depletion and amortization

    total $2,400,000 · program services $1,724,282 · management and general $675,718

  • 23 · Insurance

    total $2,543,254 · program services $2,078,557 · management and general $464,697

  • 24a · Other expenses: PROVIDER ASSESSMENT

    total $3,703,911 · program services $3,703,911

  • 24b · Other expenses: MEDICAL SUPPLIES & DRUGS

    total $3,526,505 · program services $3,526,505

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $1,464,255 · program services $917,718 · management and general $546,537

  • 24e · All other expenses

    total $2,724,358 · program services $1,269,065 · management and general $1,452,793 · fundraising $2,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,054,219

  • 2 · Savings and temporary cash investments

    beginning of year $12,704 · end of year $620,078

  • 4 · Accounts receivable

    beginning of year $11,891,739 · end of year $14,716,639

  • 8 · Inventories for sale or use

    beginning of year $727,807 · end of year $778,177

  • 9 · Prepaid expenses and deferred charges

    beginning of year $275,684 · end of year $246,668

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

    $55,540,733

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

    $42,320,480

  • 10c · Land, buildings and equipment, net

    beginning of year $14,917,158 · end of year $13,220,253

  • 11 · Investments: publicly traded securities

    beginning of year $256,300 · end of year $2,576,952

  • 13 · Investments: program-related

    beginning of year $1,958,140 · end of year $2,893,938

  • 15 · Other assets

    beginning of year $844,412 · end of year $425,733

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,945,183 · end of year $19,518,029

  • 24 · Unsecured notes and loans payable

    end of year $372,531

  • 25 · Other liabilities

    beginning of year $2,641,130 · end of year $1,023,490

  • 27 · Net assets without donor restrictions

    beginning of year $9,215,636 · end of year $14,428,174

  • 28 · Net assets with donor restrictions

    beginning of year $136,214 · end of year $136,214

Mission and programs · 2022

Mission

LORETTO HOSPITAL IS A NOT-FOR-PROFIT COMMUNITY BASED ORGANIZATION WHICH PARTNERS WITH ITS PHYSICIANS, EMPLOYEES, AND THE COMMUNITIES IT SERVES TO PROVIDE QUALITY PATIENT CENTERED CARE AND PROMOTES WELLNESS AND EDUCATION.

Activities or mission (Part I)

LORETTO HOSPITAL IS A COMMUNITY BASED ORGANIZATION FOCUSED TO PROVIDE QUALITY PATIENT CENTERED CARE AND PROMOTE WELLNESS AND EDUCATION.

  • LORETTO HOSPITAL IS A 187-BED NOT-FOR-PROFIT FACILITY STAFFED AND COMMUNITY FOCUSED HEALTHCARE PROVIDER WITH AN INTERDISCIPLINARY TEAM OF SOME OF THE FINEST DOCTORS, SPECIALISTS AND NURSING IN CHICAGO WHICH SERVES THE CHICAGO'S AUSTIN AND SURROUNDING COMMUNITIES. WITH OUR MEDICAL AND ANCILLARY SERVICES UNDER ONE ROOF, WE MAKE QUALITY HEALTH CARE MORE CONVENIENT AND ACCESSIBLE. OUR MEDICAL SERVICES INCLUDE AMBULATORY CARE CLINIC, EMERGENCY MEDICINE, MEDICAL/SURGERY & CRITICAL CARE, DIAGNOSTIC IMAGING, PHYSICAL THERAPY AND REHABILITATION AND OTHER CLINICAL PROGRAMS. THE HOSPITAL RECEIVES OVER 38,600 PATIENT VISITS EACH YEAR INCLUDING 10,085 EMERGENCY ROOM VISITS AND 28,536 OUTPATIENT VISITS AND AVERAGING APPROXIMATELY 4.6 INPATIENT ADMISSIONS DURING 2023.

    Expenses $61,112,414 · Revenue $40,023,307

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tesa Anewishki

    CEO

    Total calculated
    $363,990
    From this org
    $358,164
    From related orgs
    $0
    Other
    $5,826
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,164
    Bonus
    $10,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $5,826
    Filer's total
    $363,990

  • John Morales

    CFO

    Total calculated
    $305,357
    From this org
    $305,357
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,357
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $305,357

  • Deatra Howard

    CNO

    Total calculated
    $240,500
    From this org
    $240,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,500
    Bonus
    $10,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $240,500

  • Shital Shah

    PHYSICIAN

    Total calculated
    $206,204
    From this org
    $206,204
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,204
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $206,204

  • George Miller

    FORMER CEO

    Total calculated
    $205,728
    From this org
    $205,728
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $205,728
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $205,728

  • Tanesha Daniels

    VP PTNT ENG.

    Total calculated
    $196,075
    From this org
    $196,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,075
    Bonus
    $10,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $196,075

  • Carlos Zambrano

    PHYSICIAN

    Total calculated
    $184,922
    From this org
    $184,922
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,922
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $184,922

  • Lois Clarke

    DIRECTOR/CCO

    Total calculated
    $194,239
    From this org
    $180,008
    From related orgs
    $0
    Other
    $14,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,008
    Bonus
    $10,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $14,231
    Filer's total
    $194,239

  • Jessie Orpiano

    PHYSICIAN

    Total calculated
    $181,251
    From this org
    $181,251
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,251
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $181,251

  • Edward Hogan

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Lightford

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Collins

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • James Montgomery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Harrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

No itemized grants to organizations 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.

  • WESTSIDE INSURANCE COMPANY

    INSURANCE · CJ · controlled entity

    Directly controlled by LORETTO

  • LORETTO HOSPITAL FOUNDATION

    501C3 · FUNDRAISIN · IL · controlled entity

    Directly controlled by LORETTO

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349309207

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