MCGAW MEDICAL CENTER OF NORTHWESTERN UNIVERSITY

EIN: 362656113 501(c)(3)

Chicago, IL

Total Revenue
$128,071,643
Total Expenses
$127,920,706
Total Assets
$23,438,001
Net Assets
$12,042,876
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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
1966
Legal Domicile
IL
Principal Officer
Grant P Upson
Phone
3125037975
Tax Period
2023-09-01 to 2024-08-31

MCGAW MEDICAL CENTER OF NORTHWESTERN UNIVERSITY, founded in 1966, is a major nonprofit that reported $128.1M in total revenue in fiscal year 2023.

Mission

McGaw sponsors, administers and supports Graduate Medical Education programs. Each McGaw institutional member provides a supportive educational environment, routine assessment of quality control, and commitment of presence and financial resources to support these endeavors. These include administering payroll and benefits for over 1,200 fellows, interns and residents at 12 participating institutions.

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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 (2023)

Revenue Breakdown

Contributions & Grants $111,064,203
Program Service Revenue $16,573,784
Investment Income $433,656
Other Revenue $0
TOTAL REVENUE $128,071,643

Expense Breakdown

Grants Paid $28,250
Salaries & Benefits $124,000,085
Fundraising Expenses $0
Program Expenses $123,181,299
Other Expenses $3,892,371
TOTAL EXPENSES $127,920,706

Year-over-Year Comparison

2023 2022 Change
Revenue $128,071,643 $119,851,628 +0.1%
Expenses $127,920,706 $119,994,355 +0.1%
Net Income $150,937 $-142,727 -2.1%
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

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Governance

Voting Members
6
Independent Members
N/A
Employees
1697
Volunteers
N/A

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
4
$1,799,129
Total Directors
6
$7,253,252
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy Paridy JD Board Member 3
Director
$0 $0 $2,062,805
Eric Neilson MD Board Chair 4
Director
$0 $0 $1,767,427
James Adams MD Vice Chair 4
Director
$0 $0 $1,639,555
Gary Noskin MD Board Member 3
Director
$0 $0 $1,198,471
Heather Campbell Treasurer 4
Officer
$0 $0 $627,914
Farzaneh Sorond MD Board Member 3
Director
$0 $0 $584,994
Marianne Green MD President 4
Officer
$0 $0 $531,489
Joshua Goldstein MD Vice President 4
Officer
$0 $0 $354,715
Grant Upson Assistant Treasurer & Secretary 4
Officer
$0 $0 $285,011
Nancy Parlapiano Executive Director of Graduate Medical Education 40
Highest
$0 $0 $127,169
Estella Alonso MD Board Member 3
Director
$0 $0 $0
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 No data No data No data No data
2024 $128,071,643 $127,920,706 $23,438,001 $150,937
2023 $119,851,628 $119,994,355 $22,880,272 $-142,727
2022 $112,802,791 $112,943,593 $22,002,955 $-140,802
2021 $109,728,056 $107,754,198 $21,606,214 $1,973,858
2020 $103,406,916 $102,829,526 $18,567,050 $577,390
2019 $96,955,939 $96,666,540 $17,501,268 $289,399
2018 $92,806,026 $92,006,484 $17,960,532 $799,542
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