ADVOCATE HEALTH AND HOSPITALS CORP (EIN 362169147) - 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

1906

Legal Domicile

Principal Officer

JAMES SKOGSBERGH

Phone

4142991576

Tax Period

2023-01-01 to 2023-12-31

ADVOCATE HEALTH AND HOSPITALS CORP, founded in 1906, is a large national nonprofit in the Health Care sector that reported $5.5B in total revenue in fiscal year 2018. Expenses of $5.3B 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 $17,917,807

Program Service Revenue $6,440,081,440

Investment Income $370,025,387

Other Revenue $75,033,379

TOTAL REVENUE $6,903,058,013

Expense Breakdown

Grants Paid $702,063

Salaries & Benefits $2,693,494,541

Fundraising Expenses $0

Program Expenses $7,128,519,986

Other Expenses $4,830,177,533

TOTAL EXPENSES $7,524,374,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,903,058,013	$6,666,293,958	+0.0%
Expenses	$7,524,374,137	$6,271,221,841	+0.2%
Net Income	$-621,316,124	$395,072,117	-2.6%

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

28317

Volunteers

1368

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

$61,515,371

Total Directors

$27,038,090

Key Employees

$2,458,726

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SKOGSBERGH	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$818,812	$17,416,946
WILLIAM SANTULLI	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$359,616	$6,164,738
REV NATHANIEL EDMOND	DIRECTOR, CHAIRPERSON	1.00	Director	$0	$0	$15,100
CLARENCE NIXON JR	DIRECTOR, VICE CHAIRPERSON	1.00	Director	$0	$0	$8,000
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
DOMINICA TALLARICO	VICE PRESIDENT	1.00	Director	$0	$44,857	$1,215,373
DIA NICHOLS	VICE PRESIDENT	55.00	Officer	$808,304	$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
CARRIE DONOVAN	ASSISTANT TREASURER	1.00	Officer	$0	$126,822	$901,466
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
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
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 SLINKMAN	ASSISTANT SECRETARY	1.00	Officer	$0	$111,416	$823,811
MICHAEL KERNS	ASSISTANT SECRETARY	1.00	Officer	$0	$111,993	$861,767
JEFFREY BAHR	ASSISTANT SECRETARY	1.00	Officer	$0	$204,037	$3,383,017
KATHERINE KETNER	ASSISTANT SECRETARY	1.00	Officer	$0	$30,165	$347,536
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
GARY STUCK	CHIEF MEDICAL OFFICER, DIRECTOR UNTIL SEPT '18	1.00	Officer	$0	$229,236	$2,995,236
MICHAEL FARRELL	PRESIDENT, ADVOCATE CHILDREN'S HOSPITAL	55.00	Key Emp	$2,284,762	$173,964	$2,458,726
HAMAD FARHAT	NEUROSURGEON	55.00	Highest	$1,591,541	$36,143	$1,627,684
DEMETRIUS LOPES	NEUROSURGEON	55.00	Highest	$1,358,448	$56,945	$1,415,393
DEAN KARAHALIOS	NEUROSURGEON	55.00	Highest	$1,363,584	$43,977	$1,407,561
MARCUS TALERICO	PHYSICIAN - ORTHOPEDICS	55.00	Highest	$1,570,401	$60,494	$1,630,895
PATRICK SUGRUE	NEUROSURGEON	55.00	Highest	$1,278,398	$59,056	$1,337,454

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	$6,903,058,013	$7,524,374,137	$16,135,653,689	$-621,316,124
2022	$6,666,293,958	$6,271,221,841	$16,608,896,056	$395,072,117
2021	$6,723,535,988	$6,011,344,908	$17,320,603,092	$712,191,080
2020	$5,746,938,919	$5,871,956,061	$16,281,554,867	$-125,017,142
2019	$5,672,619,246	$5,701,110,222	$14,268,789,247	$-28,490,976
2018	$5,543,745,180	$5,306,559,511	$12,356,458,273	$237,185,669

ADVOCATE HEALTH AND HOSPITALS CORP