HOLY CROSS HOSPITAL

EIN: 362170133 501(c)(3) Health Care

CHICAGO, IL

Total Revenue
$137,327,552
Total Expenses
$151,453,941
Total Assets
$95,066,906
Net Assets
$9,781,883
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
IL
Phone
7732572937
Tax Period
2024-07-01 to 2025-06-30

HOLY CROSS HOSPITAL, founded in 1928, is a major nonprofit in the Health Care sector that reported $137.3M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $151.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

AS A MEMBER OF SINAI HEALTH SYSTEM, HOLY CROSS HOSPITAL'S MISSION IS TO IMPROVE THE HEALTH OF THE INDIVIDUALS AND COMMUNITIES IT SERVES BY PROVIDING EMERGENCY, MEDICAL, SURGICAL, AND PRIMARY CARE SERVICES. THE VISION IS TO BE A NATIONAL MODEL FOR THE DELIVERY OF URBAN HEALTHCARE. THE RELIGIOUS SPONSORS OF HOLY CROSS HOSPITAL ARE THE SISTERS OF ST CASMIR AND THE ETHICAL AND RELIGIOUS DIRECTIVES FOR CATHOLIC HEALTH CARE SERVICES ARE FOLLOWED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,079,707
Program Service Revenue $134,849,852
Investment Income $52,518
Other Revenue $345,475
TOTAL REVENUE $137,327,552

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,732,051
Fundraising Expenses $0
Program Expenses $130,141,258
Other Expenses $95,721,890
TOTAL EXPENSES $151,453,941

Year-over-Year Comparison

2024 2023 Change
Revenue $137,327,552 $116,600,905 +0.2%
Expenses $151,453,941 $130,705,494 +0.2%
Net Income $-14,126,389 $-14,104,589 +0.0%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
23
Independent Members
22
Employees
763
Volunteers
24

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
10
$1,389,463
Total Directors
26
$863,356
Key Employees
5
$2,511,983
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEJANDRA GARZA DIRECTOR & VICE CHAIR - THRU 08/2024 1.0
Officer Director
$0 $0 $0
BRIAN DOLAN DIRECTOR & CHAIRMAN 1.0
Officer Director
$0 $0 $0
KENNETH AVNER DIRECTOR & TREASURER 1.0
Officer Director
$0 $0 $0
LESLIE DAVIS DIRECTOR & SECRETARY - THRU 10/2024 1.0
Officer Director
$0 $0 $0
NGOZI EZIKE MD PRESIDENT & CEO 4.0
Officer Director
$0 $6,900 $863,356
STEPHEN A MORALES DIRECTOR & VICE CHAIR - BEG. 08/2024 1.0
Officer Director
$0 $0 $0
VIVIAN FUNCHES DIRECTOR & SECRETARY - BEG. 10/2024 1.0
Officer Director
$0 $0 $0
ABRAHAM MORGAN DIRECTOR 1.0
Director
$0 $0 $0
ANNE DONNELLY DIRECTOR 1.0
Director
$0 $0 $0
ANTHONY DEL RIO DIRECTOR - BEG. 10/2024 1.0
Director
$0 $0 $0
AVERY HART MD DIRECTOR 1.0
Director
$0 $0 $0
BARTLETT JOHNSON DIRECTOR 1.0
Director
$0 $0 $0
BRET MAXWELL DIRECTOR 1.0
Director
$0 $0 $0
DAVID SMITH DIRECTOR 1.0
Director
$0 $0 $0
EMILY DOSKOW DIRECTOR 1.0
Director
$0 $0 $0
FR WILLIAM GROGAN DIRECTOR 1.0
Director
$0 $0 $0
KATYA NUQUES DIRECTOR 1.0
Director
$0 $0 $0
LEE MILLER DIRECTOR 1.0
Director
$0 $0 $0
MICHAEL J HAYES DIRECTOR 1.0
Director
$0 $0 $0
MICHAEL R DAVENPORT MD DIRECTOR 1.0
Director
$0 $0 $0
NAKISHA HOBBS DIRECTOR 1.0
Director
$0 $0 $0
ONYINYECHI DANIEL DIRECTOR 1.0
Director
$0 $0 $0
ROBERT MARKIN DIRECTOR 1.0
Director
$0 $0 $0
ROXANNE J DECYK DIRECTOR 1.0
Director
$0 $0 $0
VINCENT WILLIAMS DIRECTOR - THRU 10/24 1.0
Director
$0 $0 $0
WILBUR MILHOUSE DIRECTOR 1.0
Director
$0 $0 $0
DIMAS ORTEGA CFO, INTERIM - THRU 9/2024 5.0
Officer
$0 $3,090 $358,434
PAUL GOLDBERG CFO, INTERIM 11/2024-06/2025 5.0
Officer
$0 $0 $749
THOMASINA WILKINS SENIOR VP/CHIEF REVENUE OFFICER - BEG. 07/2024 5.0
Officer
$0 $0 $166,924
ELIZABETH CONNOLLY GENERAL COUNSEL 5.0
Key Emp
$0 $3,886 $443,061
ILIANA ANDREA MORA CHIEF OPERATING OFFICER 5.0
Key Emp
$0 $30,144 $599,594
JASON SPIGNER CHIEF HUMAN RESOURCES OFFICER 5.0
Key Emp
$0 $10,777 $422,381
KENNETH SLAWKOWSKI CHIEF INFORMATION OFFICER 5.0
Key Emp
$0 $30,038 $363,701
RUSSELL FIORELLA SYSTEM CHIEF MEDICAL OFFICER 20.0
Key Emp
$0 $32,987 $683,246
ELMER ESCALON TEAM LDR RN 40.0
Highest
$181,816 $31,362 $213,178
JEEN-SOO CHANG SITE PRESIDENT 40.0
Highest
$464,443 $41,615 $506,058
KIMBERLY PERDEW ASSISTANT CNO/EXECUTIVE DIRECTOR 40.0
Highest
$232,191 $0 $232,191
LORNA ESTEBAN STAFF NURSE RN 40.0
Highest
$183,883 $38,750 $222,633
SHERIZELLE MCCOOL PATIENT CARE COORDINATOR 40.0
Highest
$214,819 $7,451 $222,270
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
2025 $137,327,552 $151,453,941 $95,066,906 $-14,126,389
2024 No data No data No data No data
2023 $115,520,301 $136,023,172 $91,499,871 $-20,502,871
2022 $112,719,757 $124,716,260 $119,985,631 $-11,996,503
2021 $113,770,792 $112,858,650 $142,348,563 $912,142
2020 $117,603,359 $135,314,075 $152,625,985 $-17,710,716
2019 $114,667,325 $138,740,465 $145,388,755 $-24,073,140
2018 $126,476,457 $125,434,727 $160,086,159 $1,041,730
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