SwedishAmerican Hospital

EIN: 362222696 501(c)(3) Health Care

Rockford, IL

Total Revenue
$966,849,776
Total Expenses
$897,724,323
Total Assets
$1,244,337,471
Net Assets
$778,677,197
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1911
Legal Domicile
IL
Principal Officer
Travis Andersen
Phone
7796964009
Tax Period
2024-07-01 to 2025-06-30

SwedishAmerican Hospital, founded in 1911, is a major nonprofit in the Health Care sector that reported $966.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $897.7M left a modest 7% surplus.

Mission

Through excellence in healthcare and compassionate service, we care for our community.

Program Service Accomplishments

Program 1
Expenses: $610,985,114 Revenue: $651,064,539

UW Health SwedishAmerican Hospital (SAH) operates two full service acute care hospitals with a combined total of 387 licensed beds, serving the greater Rockford region, Northern Illinois and Southern...

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UW Health SwedishAmerican Hospital (SAH) operates two full service acute care hospitals with a combined total of 387 licensed beds, serving the greater Rockford region, Northern Illinois and Southern Wisconsin. Our vision is to develop a fully integrated healthcare delivery network that will continuously set the standard for quality care and service, accept responsibility for building a healthier population, provide regional access, improve resource utilization through collaboration with key stakeholders and manage patient care and our resources in such a way that we create value for our patients and benefit for our community. During 2025, we cared for 18,737 inpatients and performed 2,163,368 outpatient procedures. This includes emergency room visits 85,423 and 2,763 deliveries. We sponsor the University of Illinois - College of Medicine Program and provided $2.5 million in education for primary care residents. Our employees and volunteers provided nearly 4,603 hours in unpaid community services. UW Health SwedishAmerican recognizes its responsibility to all the people of our community, regardless of their ability to pay for care.

Program 2
Expenses: $52,969,529 Revenue: $130,547,434

UW Health SwedishAmerican Hospital employs primary care and specialty physicians who practice at 40 locations throughout our service area. We employ specialists in orthopedics, cardiology...

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UW Health SwedishAmerican Hospital employs primary care and specialty physicians who practice at 40 locations throughout our service area. We employ specialists in orthopedics, cardiology, cardiothoracic surgery, endocrinology, allergy, neurology, neurosurgery, pulmonology/critical care, hematology/oncology, obstetrics and gynecology, maternal fetal medicine, rheumatology, psychiatry, podiatry, otolaryngology, as well as internal medicine, family practice, immediate care and pediatric physicians. During 2025, our physician encounters were 506,820 and our out-patient ancillary encounters were 195,096.

Program 3
Expenses: $87,160,115 Revenue: $156,550,273

UW Health SwedishAmerican Regional Cancer Center opened to the public in October 2013 and has been providing leading edge cancer care treatment for the Rock River Valley. The center is part of a...

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UW Health SwedishAmerican Regional Cancer Center opened to the public in October 2013 and has been providing leading edge cancer care treatment for the Rock River Valley. The center is part of a collaborative with UW Health and its nationally recognized University of Wisconsin Carbone Cancer Center. The two-story facility offers radiation therapy, medical oncology, chemotherapy and infusion services. Patients have access to clinical trials, state-of-the-art linear acceleratory treatments such as IGRT, IMRT, Rapid Arc, OBI and stereotactic services, and advanced medical imaging. The Regional Cancer Center is staffed by medical and radiation oncologists, physicists, dosimetrists, radiation therapists and nurses. During 2025, our physician encounters were 40,673 and our out-patient ancillary encounters were over 78,255.

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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 $2,002,288
Program Service Revenue $936,467,589
Investment Income $22,009,895
Other Revenue $6,370,004
TOTAL REVENUE $966,849,776

Expense Breakdown

Grants Paid $125,000
Salaries & Benefits $442,116,462
Fundraising Expenses $0
Program Expenses $757,537,431
Other Expenses $455,482,861
TOTAL EXPENSES $897,724,323

Year-over-Year Comparison

2024 2023 Change
Revenue $966,849,776 $888,094,833 +0.1%
Expenses $897,724,323 $824,522,604 +0.1%
Net Income $69,125,453 $63,572,229 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
10
Employees
4751
Volunteers
80

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
13
$5,796,676
Total Directors
17
$5,505,628
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Travis Andersen President & CEO 40.00
Officer Director
$1,480,475 $197,423 $1,677,898
Allen D Williams MD Trustee 40.00
Director
$343,630 $65,467 $409,097
Carey Gehl Trustee 2.00
Director
$0 $188,210 $1,128,470
Peter D Newcomer MD MMM Trustee 2.00
Director
$0 $276,798 $2,290,163
Jeffrey S Hultman Chmn of the Board 2.00
Officer Director
$0 $0 $0
Michael Broski 1st Vice Chmn/Secry 2.00
Officer Director
$0 $0 $0
Anqunette Parham Trustee 2.00
Director
$0 $0 $0
Helen Chung Hill Trustee (until 9/19/24) 2.00
Director
$0 $0 $0
Justin Franklin Trustee 2.00
Director
$0 $0 $0
Jeffrey J Kaney Sr Trustee 2.00
Director
$0 $0 $0
Kathleen Kelly MD Trustee 2.00
Director
$0 $0 $0
Kenneth Copeland Trustee 2.00
Director
$0 $0 $0
Marco T Lenis Trustee 2.00
Director
$0 $0 $0
Pamela Maher Trustee 2.00
Director
$0 $0 $0
Daniel T Ross Trustee 2.00
Director
$0 $0 $0
Thomas R Walsh Trustee 2.00
Director
$0 $0 $0
Steven C Sjogren Trustee (until 9/19/24) 2.00
Director
$0 $0 $0
Patricia DeWane VP, CFO, & Treasurer 40.00
Officer
$699,978 $74,016 $773,994
Timothy Flynn MD President, SA Medical Group 40.00
Officer
$606,222 $105,468 $711,690
Rosa Jeschke VP Human Resources 40.00
Officer
$423,826 $38,329 $462,155
Julia Zimmerman VP Strategic Growth 40.00
Officer
$325,494 $74,916 $400,410
Sal Ababneh COO & President of UWNI Hospitals 40.00
Officer
$320,506 $109,821 $430,327
Christopher Carter VP Operations & Org Mgmt 40.00
Officer
$281,214 $22,566 $303,780
Deanna Berg Int. VP Pt. Svcs/CNO (until 9/30/24) 40.00
Officer
$227,716 $26,697 $254,413
Patrick Lundquist VP Clinics 40.00
Officer
$137,483 $30,715 $168,198
Kristie Geil VP Patient Services/CNO 40.00
Officer
$76,983 $19,126 $96,109
James Cole DO VP Medical Affairs/CMO 40.00
Officer
$0 $102,591 $517,702
Eric Xanthopoulos MD Physician 40.00
Highest
$1,152,513 $54,547 $1,207,060
Mohamed Zeater MD Physician 40.00
Highest
$1,090,019 $55,288 $1,145,307
Merat Karbasian-Esfahani Physician 40.00
Highest
$1,005,222 $38,838 $1,044,060
Egon Doppenberg Physician 40.00
Highest
$952,011 $2,075 $954,086
Joycelyn Speight Physician 40.00
Highest
$939,709 $16,399 $956,108
Anna Taylor Former VP Patient Svcs/CNO 0.00
$266,181 $22,062 $288,243
Michael Polizzotto Former CMO/CMIO 0.00
$424,156 $54,049 $478,205
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 $966,849,776 $897,724,323 $1,244,337,471 $69,125,453
2024 $888,094,833 $824,522,604 $1,157,585,139 $63,572,229
2023 $806,081,849 $786,870,384 $1,065,986,206 $19,211,465
2022 $778,252,715 $749,600,647 $1,043,826,863 $28,652,068
2021 $714,842,010 $686,191,690 $1,121,572,006 $28,650,320
2020 $637,025,862 $627,676,366 $973,707,288 $9,349,496
2020 $637,025,862 $627,676,366 $973,707,288 $9,349,496
2020 $637,025,862 $627,676,366 $973,707,288 $9,349,496
2020 $637,025,862 $627,676,366 $973,707,288 $9,349,496
2019 $628,773,321 $595,044,586 $927,080,480 $33,728,735
2018 $601,095,584 $548,659,395 $757,629,414 $52,436,189
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