THE HEKTOEN INSTITUTE OF MEDICINE

EIN: 362244897 501(c)(3) Health Care

CHICAGO, IL

Total Revenue
$18,868,833
Total Expenses
$16,814,470
Total Assets
$80,134,380
Net Assets
$62,768,682
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
IL
Phone
3127686000
Tax Period
2024-09-01 to 2025-08-31

THE HEKTOEN INSTITUTE OF MEDICINE, founded in 1943, is a mid-sized nonprofit in the Health Care sector that reported $18.9M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $16.8M left a modest 11% surplus.

Mission

HEKTOEN INSTITUTE IS THE FISCAL AGENT FOR GRANTS FROM COOK COUNTY RELATED TO MEDICAL RESEARCH, CLINICAL TRIALS, AND PHARMACEUTICAL STUDIES.

Program Service Accomplishments

Program 1
Expenses: $7,054,351 Revenue: $7,636,678

THE INSTITUTE MANAGES MANY CLINICAL RESEARCH AND PROGRAM DEMONSTRATION PROJECTS FOR AFFILIATED AGENCIES. THE RANGE OF CLINICAL RESEARCH ACTIVITIES INCLUDES MEDICAL AND BEHAVIORAL INTERVENTIONS AND...

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THE INSTITUTE MANAGES MANY CLINICAL RESEARCH AND PROGRAM DEMONSTRATION PROJECTS FOR AFFILIATED AGENCIES. THE RANGE OF CLINICAL RESEARCH ACTIVITIES INCLUDES MEDICAL AND BEHAVIORAL INTERVENTIONS AND CLINICAL TRIALS, AS WELL AS COHORT, OBSERVATIONAL, AND NATURAL HISTORY STUDIES. THE INSTITUTE'S PROGRAM DEMONSTRATION PROJECTS FOCUS ON NOVEL, EFFICIENT, OR EFFICACIOUS METHODOLOGIES OF SERVICE DELIVERY. THESE PROGRAMS RANGE FROM COST STUDIES OF SUBSTANCE ABUSE INTEGRATION INTO THE PRIMARY CARE MODEL OF AN HIV CLINIC TO A WIDE VARIETY OF NEW PROJECTS FOCUSING ON BIOTERRORISM, AMONG MANY OTHERS.

Program 2
Expenses: $6,626,086 Revenue: $7,105,944

THE MAJORITY OF THE PROGRAM DELIVERY ACTIVITIES OF THE INSTITUTE ARE MADE ON BEHALF OF THE COOK COUNTY HEALTH AND HOSPITAL SYSTEMS, WHOSE GRANTS, CONTRACTS, AND COOPERATIVE AGREEMENTS ARE RECEIVED BY...

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THE MAJORITY OF THE PROGRAM DELIVERY ACTIVITIES OF THE INSTITUTE ARE MADE ON BEHALF OF THE COOK COUNTY HEALTH AND HOSPITAL SYSTEMS, WHOSE GRANTS, CONTRACTS, AND COOPERATIVE AGREEMENTS ARE RECEIVED BY THE INSTITUTE. THE SERVICES ADMINISTERED ARE VERY WIDE RANGING. THE INSTITUTE'S LARGEST PROGRAMS FOCUS ON HEALTH CARE FOR PATIENTS WITH HIV/AIDS. THE INSTITUTE'S OTHER MEDICAL CARE DELIVERY PROGRAMS INCLUDE MANY ASPECTS OF INTERNAL MEDICINE, PEDIATRICS, PSYCHIATRY, OBSTETRICS AND GYNECOLOGY, GERIATRICS, SURGERY, AND SUPPORT SERVICES SUCH AS LABORATORY, RADIOLOGY, AND PHARMACY.

Program 3
Expenses: $0 Revenue: $0

THE INSTITUTE SUPPORTS THE TRAINING AND EDUCATIONAL MISSION OF ITS AFFILIATES. MOST OF THE INSTITUTE'S EFFORTS IN THIS CATEGORY ARE MADE ON BEHALF OF THE COOK COUNTY HEALTH AND HOSPITAL SYSTEMS. THE...

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THE INSTITUTE SUPPORTS THE TRAINING AND EDUCATIONAL MISSION OF ITS AFFILIATES. MOST OF THE INSTITUTE'S EFFORTS IN THIS CATEGORY ARE MADE ON BEHALF OF THE COOK COUNTY HEALTH AND HOSPITAL SYSTEMS. THE INSTITUTE'S TRAINING GRANTS FOCUS ON THE EDUCATION OF FACULTY, FELLOWS, AND RESIDENTS. THE INSTITUTE PARTICIPATES IN A VARIETY OF PROJECTS OFFERING CONTINUING MEDICAL EDUCATION PROGRAMS TO THE STAFF OF THE COOK COUNTY HEALTH AND HOSPITAL SYSTEMS AND TO OTHER MEDICAL PROVIDERS IN THE COMMUNITY. THE INSTITUTE HAS PROJECTS THAT FOCUS ON PATIENT AND COMMUNITY EDUCATION FOR SPECIFIC DISEASES OR SPECIFIC ASPECTS OF CARE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,438,522
Program Service Revenue $14,742,622
Investment Income $2,687,689
Other Revenue $0
TOTAL REVENUE $18,868,833

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,276,221
Fundraising Expenses $0
Program Expenses $13,680,437
Other Expenses $7,538,249
TOTAL EXPENSES $16,814,470

Year-over-Year Comparison

2024 2023 Change
Revenue $18,868,833 $30,171,007 -0.4%
Expenses $16,814,470 $25,766,495 -0.3%
Net Income $2,054,363 $4,404,512 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
17
Employees
248
Volunteers
18

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
2
$253,449
Total Directors
18
$254,516
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE DUNEA MD TRUSTEE/PRESIDENT AND COO 22.0
Officer Director
$0 $0 $0
ALAN SCHRIESHEIM TRUSTEE 1.0
Director
$0 $0 $0
ALVIN KRUSE TRUSTEE 1.0
Director
$0 $0 $0
BRIAN J O'DEA CPA TRUSTEE 1.0
Director
$0 $0 $0
COURTNEY R AVERY MPH TRUSTEE 1.0
Director
$0 $0 $0
DOUGLAS K WALKER TRUSTEE 1.0
Director
$0 $0 $0
DOUGLAS R SIEFKEN TRUSTEE 1.0
Director
$0 $0 $0
DR ASHUTOSH GUPTA MD TRUSTEE 1.0
Director
$0 $0 $0
DR PEGGY CHOU TRUSTEE 1.0
Director
$0 $0 $0
EARL C SMITH MD TRUSTEE 1.0
Director
$0 $0 $0
JAGJIT JAIN TRUSTEE 1.0
Director
$0 $0 $0
JAMES I FRANKLIN MD TRUSTEE 1.0
Director
$0 $0 $0
JOSEPH ESPOSITO TRUSTEE 1.0
Director
$0 $0 $0
KATHLEEN WEBER CO-INVESTIGATOR, TRUSTEE 40.0
Director
$205,037 $49,479 $254,516
MARK GRACH TRUSTEE 1.0
Director
$0 $0 $0
MARY ANN MCDERMOTT TRUSTEE 1.0
Director
$0 $0 $0
PETER DAWARI HART MD FACP TRUSTEE 1.0
Director
$0 $0 $0
SALLY METZLER PHD TRUSTEE 1.0
Director
$0 $0 $0
MARIELA ROMO ADMINISTRATOR 40.0
Officer
$207,127 $46,322 $253,449
CAROLE WARSHAW DVMHPI EXEC DIRECTOR 40.0
Highest
$200,401 $28,341 $228,742
ELIZABETH M DAUBERT DILLON PROJECT DIRECTOR 40.0
Highest
$115,500 $35,711 $151,211
GABRIELA ZAPATA ASSOCIATE DIRECTOR 40.0
Highest
$154,996 $46,435 $201,431
NORMA ROLFSEN PROGRAM MANAGER 40.0
Highest
$168,560 $26,431 $194,991
SARAH E WILLIAMS NURSE PRACTITIONER 40.0
Highest
$114,209 $44,655 $158,864
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
2025 $18,868,833 $16,814,470 $80,134,380 $2,054,363
2024 $30,171,007 $25,766,495 $74,792,301 $4,404,512
2023 $28,912,459 $28,581,647 $68,451,885 $330,812
2022 $31,693,206 $30,807,151 $65,726,936 $886,055
2021 $40,338,878 $33,097,037 $68,355,790 $7,241,841
2020 $33,201,883 $29,554,946 $57,552,226 $3,646,937
2019 $32,998,124 $31,486,896 $45,886,060 $1,511,228
2018 $31,524,706 $30,369,296 $43,708,695 $1,155,410
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