ADVOCATE SHERMAN HOSPITAL (EIN 362167920) - 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

1887

Legal Domicile

Principal Officer

JENNIFER BARBER

Phone

4142991576

Tax Period

2023-01-01 to 2023-12-31

ADVOCATE SHERMAN HOSPITAL, founded in 1887, is a major nonprofit in the Health Care sector that reported $470.4M in total revenue in fiscal year 2018. Expenses of $450.6M left a modest 4% 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 $423,145

Program Service Revenue $510,412,821

Investment Income $14,344,855

Other Revenue $884,474

TOTAL REVENUE $526,065,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,960,395

Fundraising Expenses $0

Program Expenses $378,690,671

Other Expenses $370,444,476

TOTAL EXPENSES $496,404,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$526,065,295	$493,358,268	+0.1%
Expenses	$496,404,871	$499,817,550	0.0%
Net Income	$29,660,424	$-6,459,282	-5.6%

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

1645

Volunteers

190

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

$25,419,302

Total Directors

$12,243,702

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERI DE SHAZO	DIRECTOR, PRESIDENT	55.00	Officer Director	$745,916	$96,802	$842,718
REV NATHANIEL EDMOND	DIRECTOR, CHAIRPERSON	1.00	Director	$7,100	$0	$15,100
CRAIG LAMP	DIRECTOR, VICE CHAIRPERSON	1.00	Director	$7,200	$0	$7,200
JANELLE DIXON	DIRECTOR, ASSISTANT SECRETARY	1.00	Director	$6,850	$0	$6,850
KAREN LAMBERT	DIRECTOR	1.00	Director	$0	$154,869	$1,774,000
MEELI PATEL	DIRECTOR	1.00	Director	$0	$97,398	$597,844
AZMEY MATARIEH	DIRECTOR	1.00	Director	$0	$37,383	$1,005,645
RAJA CHATTERJI	DIRECTOR	1.00	Director	$0	$43,590	$552,237
RAMINDER SINGH	DIRECTOR	1.00	Director	$0	$47,628	$926,045
RICHARD JAKLE	DIRECTOR	1.00	Director	$7,200	$0	$123,633
KEN KOEHLER	DIRECTOR	1.00	Director	$0	$0	$0
KURT SCHNEIDER	DIRECTOR	1.00	Director	$7,200	$0	$7,200
MICHAEL KENYON	DIRECTOR	1.00	Director	$7,200	$0	$7,200
PAT CRAWFORD	DIRECTOR	1.00	Director	$6,850	$0	$6,850
RITA CORBETT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT RICHMOND	DIRECTOR	1.00	Director	$7,200	$0	$7,200
SHARON JAKLE	DIRECTOR	1.00	Director	$7,200	$0	$7,200
TERRY DUNNING	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HOFFER	DIRECTOR	1.00	Director	$0	$0	$0
JOSE TORRES	DIRECTOR	1.00	Director	$2,100	$0	$2,100
RAVI DAMARAJU	DIRECTOR	1.00	Director	$7,200	$0	$7,200
SUNIL JOSEPH	DIRECTOR	1.00	Director	$6,850	$0	$6,850
YANETH MEDINA	DIRECTOR	1.00	Director	$5,100	$0	$5,100
BRAD EPSTEIN	DIRECTOR	1.00	Director	$170,792	$0	$170,792
WILLIAM SANTULLI	VICE PRESIDENT	1.00	Director	$0	$359,616	$6,164,738
DOMINICA TALLARICO	VICE PRESIDENT	1.00	Officer	$0	$44,857	$1,215,373
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
CARRIE DONOVAN	ASSISTANT TREASURER	1.00	Officer	$0	$126,822	$901,466
RACHELLE HART	SECRETARY	1.00	Officer	$0	$130,674	$1,286,154
MICHAEL KERNS	ASSISTANT SECRETARY	1.00	Officer	$0	$111,993	$861,767
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
JAMES SLINKMAN	ASSISTANT SECRETARY	1.00	Officer	$0	$111,416	$823,811
KATHERINE KETNER	ASSISTANT SECRETARY	1.00	Officer	$0	$30,165	$347,536
RACHEL HALVERSON	ASSISTANT TREASURER	1.00	Officer	$0	$59,558	$537,349
BRAD CLARK	ASSISTANT TREASURER	1.00	Officer	$0	$145,795	$1,577,771
KEVIN FITCH	ASSISTANT TREASURER	1.00	Officer	$0	$85,046	$654,071
JO AMICK	VICE PRESIDENT	1.00	Officer	$0	$32,913	$298,033
MELISSA O'NEILL	VICE PRESIDENT	1.00	Officer	$0	$44,749	$369,311
JOHN CHAPMAN	DIRECTOR	1.00	Officer	$4,050	$0	$4,050
MICHAEL ROSENBERG	DIRECTOR MED EM & CLINICAL DECISION	55.00	Highest	$355,903	$10,609	$366,512
JUSTIN MACARIOLA-COAD	VP & CMO	55.00	Highest	$469,059	$58,823	$527,882
SUSAN MORBY	VP & CNO	55.00	Highest	$297,703	$37,355	$335,058
DARREN SMITH	DIR ED ICU & NURSING OPS	55.00	Highest	$215,666	$16,457	$232,123
BYRON ATKINSON	DIR PERIOPERATIVE SVCS	55.00	Highest	$212,997	$14,867	$227,864

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	$526,065,295	$496,404,871	$439,941,881	$29,660,424
2022	$493,358,268	$499,817,550	$513,887,857	$-6,459,282
2021	$493,711,689	$459,672,957	$508,478,691	$34,038,732
2020	$456,011,679	$561,246,902	$492,165,077	$-105,235,223
2019	$465,854,287	$431,085,007	$554,453,581	$34,769,280
2018	$470,350,441	$450,600,726	$521,356,283	$19,749,715

ADVOCATE SHERMAN HOSPITAL