ADVOCATE CONDELL MEDICAL CENTER (EIN 262525968) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

WILLIAM P SANTULLI

Phone

4142991576

Tax Period

2023-01-01 to 2023-12-31

ADVOCATE CONDELL MEDICAL CENTER, founded in 2008, is a major nonprofit in the Health Care sector that reported $474.4M in total revenue in fiscal year 2018. Expenses of $434.8M left a modest 8% surplus.

Mission

SERVE HEALTH NEEDS OF COMMUNITIES THROUGH WHOLISTIC PHILOSOPHY ROOTED IN FUNDAMENTAL UNDERSTANDING OF HUMANS AS CREATED IN THE IMAGE OF GOD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $-148,313

Program Service Revenue $560,718,025

Investment Income $21,302,243

Other Revenue $10,107,925

TOTAL REVENUE $591,979,880

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $156,168,050

Fundraising Expenses $0

Program Expenses $409,185,665

Other Expenses $366,786,488

TOTAL EXPENSES $522,956,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$591,979,880	$497,307,770	+0.2%
Expenses	$522,956,538	$492,631,515	+0.1%
Net Income	$69,023,342	$4,676,255	+13.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

2112

Volunteers

281

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$59,355,727

Total Directors

$27,038,090

Key Employees

$912,845

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SKOGSBERGH	DIRECTOR, EXECUTIVE VP, COO	1.00	Officer Director	$0	$818,812	$17,416,946
REV NATHANIEL EDMOND	DIRECTOR, CHAIRPERSON	1.00	Director	$0	$0	$15,100
MICHELE RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$131,433
RICHARD JAKLE	DIRECTOR	1.00	Director	$0	$0	$123,633
GAIL HASBROUCK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ANDERSON	DIRECTOR	1.00	Director	$0	$0	$48,000
JOHN TIMMER	DIRECTOR	1.00	Director	$0	$0	$116,433
LYNN CRUMP-CAINE	DIRECTOR	1.00	Director	$0	$0	$93,100
MARK HARRIS	DIRECTOR	1.00	Director	$0	$0	$97,100
DR DAISY VARUGHESE	DIRECTOR	1.00	Director	$0	$0	$2,000
ULYSSES BURLEY III	DIRECTOR	1.00	Director	$0	$0	$0
KATHIE BENDER SCHWICH	DIRECTOR	1.00	Director	$0	$179,384	$1,606,234
WILLIAM SANTULLI	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$359,616	$6,164,738
CLARENCE NIXON JR	DIRECTOR, VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$8,000
DOMINICA TALLARICO	VICE PRESIDENT	1.00	Officer Director	$0	$44,857	$1,215,373
GARY STUCK	CHIEF MEDICAL OFFICER	1.00	Officer	$0	$229,236	$2,995,236
KELLY GOLSON	CHIEF MARKETING OFFICER	1.00	Officer	$0	$145,618	$2,616,841
KEVIN BRADY	CHIEF HUMAN RESOURCES OFFICER	1.00	Officer	$0	$61,140	$3,455,105
SCOTT POWDER	CHIEF STRATEGY OFFICER	1.00	Officer	$0	$119,502	$2,793,671
DIA NICHOLS	VICE PRESIDENT	1.00	Officer	$0	$129,781	$938,085
DOMINIC NAKIS	TREASURER	1.00	Officer	$0	$130,352	$6,517,941
NAN NELSON	ASSISTANT TREASURER, TREASURER	1.00	Officer	$0	$152,768	$1,874,733
MICHAEL GREBE	SECRETARY	1.00	Officer	$0	$99,054	$3,702,479
RACHELLE HART	SECRETARY	1.00	Officer	$0	$130,674	$1,286,154
JAMES DOHENY	ASSISTANT TREASURER	1.00	Officer	$0	$63,927	$1,127,934
MICHAEL VOLANTE	ASSISTANT TREASURER	1.00	Officer	$0	$47,558	$304,325
ROBIN STOEN	ASSISTANT TREASURER	1.00	Officer	$0	$29,223	$356,259
STEVE HUSER	ASSISTANT TREASURER	1.00	Officer	$0	$71,656	$878,136
CARRIE DONOVAN	ASSISTANT TREASURER	1.00	Officer	$0	$126,822	$901,466
BRAD CLARK	ASSISTANT TREASURER	1.00	Officer	$0	$145,795	$1,577,771
RACHEL HALVERSON	ASSISTANT TREASURER	1.00	Officer	$0	$59,558	$537,349
KEVIN FITCH	ASSISTANT TREASURER	1.00	Officer	$0	$85,046	$654,071
MICHAEL KERNS	ASSISTANT SECRETARY	1.00	Officer	$0	$111,993	$861,767
JAMES SLINKMAN	ASSISTANT SECRETARY	1.00	Officer	$0	$111,416	$823,811
KATHERINE KETNER	ASSISTANT SECRETARY	1.00	Officer	$0	$30,165	$347,536
MATTHEW PRIMACK	HOSPITAL PRESIDENT	55.00	Key Emp	$813,456	$99,389	$912,845
SHEILA GRASSO	DIRECTOR PHARMACY SVC	55.00	Highest	$233,103	$8,324	$241,427
RACHEL LOBERG	VP/CNO CONDELL	55.00	Highest	$266,049	$38,930	$304,979
MICHAEL PEARLMAN	DIRECTOR MEDICAL CARE MGMT/PHY ADVS	55.00	Highest	$290,099	$34,584	$324,683
MAYANK SHAH	VICE PRESIDENT & CHIEF MEDICAL OFFICER ACDMC	55.00	Highest	$227,768	$14,102	$241,870
ILGAR ABIL-ZADA	CHARGE NURSE OR	55.00	Highest	$197,285	$33,039	$230,324

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$591,979,880	$522,956,538	$639,323,280	$69,023,342
2022	$497,307,770	$492,631,515	$642,986,976	$4,676,255
2021	$519,216,822	$457,426,815	$630,874,415	$61,790,007
2020	$503,181,757	$538,978,742	$579,438,216	$-35,796,985
2019	$485,484,189	$435,332,527	$538,621,208	$50,151,662
2018	$474,432,912	$434,800,065	$487,010,948	$39,632,847

ADVOCATE CONDELL MEDICAL CENTER