SwedishAmerican Health Foundation

EIN: 363097493 501(c)(3)

Rockford, IL

Total Revenue
$833,306
Total Expenses
$854,632
Total Assets
$22,922,689
Net Assets
$22,429,135
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
IL
Principal Officer
Travis Andersen
Phone
7796964009
Tax Period
2024-07-01 to 2025-06-30

SwedishAmerican Health Foundation, founded in 1980, is a small nonprofit that reported $833K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $22.4M represent 323 months of operating reserves.

Mission

To provide financial and in-kind support for the stated missions of SwedishAmerican Hospital System Corporation, UW Health SwedishAmerican Hospital, and the affiliates operating in the State of Illinois.

Program Service Accomplishments

Program 1
Expenses: $175,713 Revenue: $0

SwedishAmerican Health Foundation (SAHF) supports UW Health SwedishAmerican Hospital, a 501(c)(3) organization in its mission to provide quality medical healthcare to communities in Northern Illinois...

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SwedishAmerican Health Foundation (SAHF) supports UW Health SwedishAmerican Hospital, a 501(c)(3) organization in its mission to provide quality medical healthcare to communities in Northern Illinois and Southern Wisconsin regardless of race, creed, sex, national origin, handicap, age or ability to pay. During the current year, SAHF provided funding grants to specialized departments which helped enhance patient care and patient-visitor comfort.In 1918, UW Health SwedishAmerican Hospital opened its doors to patients in response to the city's need for healthcare services. UW Health SwedishAmerican Hospital recently completed a $126 million investment in our community. This major construction, modernization and expansion project will help us continue to provide the outstanding, top-quality healthcare which residents of Rockford and its surrounding communities expect and deserve. We recognize that improving the health of our community means investing in our community.During FY 2025, SwedishAmerican Health Foundation provided a grant of $175,713 toward UW Health SA Hospital departments for patient care and well-being.

Program 2
Expenses: $133,175 Revenue: $0

During fiscal year 2025, SwedishAmerican Health Foundation provided $133,175 in grants to the chaplaincy program. UW Health SwedishAmerican Hospital's clinically trained staff chaplains...

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During fiscal year 2025, SwedishAmerican Health Foundation provided $133,175 in grants to the chaplaincy program. UW Health SwedishAmerican Hospital's clinically trained staff chaplains compassionately and respectfully assist patients and their families during some of life's most difficult moments. Chaplains round daily, help with advance directives, take part in patient care consults and do much, much more. The Chaplaincy Endowment Fund helps insure there always will be Pastoral Care at UW Health SwedishAmerican by underwriting the cost of providing professional chaplain staff 24 hours a day, seven days a week.

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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 $409,849
Program Service Revenue $0
Investment Income $423,457
Other Revenue $0
TOTAL REVENUE $833,306

Expense Breakdown

Grants Paid $308,888
Salaries & Benefits $323,298
Fundraising Expenses $512,216
Program Expenses $308,888
Other Expenses $222,446
TOTAL EXPENSES $854,632

Year-over-Year Comparison

2024 2023 Change
Revenue $833,306 $1,151,588 -0.3%
Expenses $854,632 $868,741 0.0%
Net Income $-21,326 $282,847 -1.1%
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
12
Independent Members
11
Employees
N/A
Volunteers
11

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
7
$3,315,336
Total Directors
12
$1,677,898
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Travis Andersen President & CEO/Class I Director 0.10
Officer Director
$0 $197,423 $1,677,898
Michael Broski Class IV Director and Board Chair 2.00
Officer Director
$0 $0 $0
Sarene Alsharif Class II Director 2.00
Director
$0 $0 $0
Adam Fleming Class II Director 2.00
Director
$0 $0 $0
Carly LaMonica Class II Director 2.00
Director
$0 $0 $0
Ana Montoya Class II Director 2.00
Director
$0 $0 $0
Martesha Brown Class III Director 2.00
Director
$0 $0 $0
Lesly Couper Class III Director 2.00
Director
$0 $0 $0
David Rydell Class III Director 2.00
Director
$0 $0 $0
Steven C Sjogren Class III Director 2.00
Director
$0 $0 $0
Jennifer Baker Class IV Director 2.00
Director
$0 $0 $0
Jeff Marrs Class IV Director 2.00
Director
$0 $0 $0
Patricia DeWane Treasurer 0.10
Officer
$0 $74,016 $773,994
Julia Zimmerman Vice President 0.10
Officer
$0 $74,916 $400,410
Barbara Aaby Executive Director & Secretary 40.00
Officer
$0 $27,840 $199,186
Patti Meyer Assistant Secretary 2.00
Officer
$0 $24,479 $171,890
Kristina Miller Assistant Secretary 2.00
Officer
$0 $7,024 $91,958
Timothy Flynn MD Former President, SA Medical Group 0.00
$0 $105,468 $711,690
Rosa Jeschke Former VP Human Resources 0.00
$0 $38,329 $462,155
Sal Ababneh Former COO/Pres of UWNI Hospitals 0.00
$0 $109,821 $430,327
Anna Taylor Former VP Patient Svcs/CNO 0.00
$0 $22,062 $288,243
Michael Polizzotto Former CMO/CIO 0.00
$0 $54,049 $478,205
James Cole DO Former VP Medical Affairs/CMO 0.00
$0 $102,591 $517,702
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 $833,306 $854,632 $22,922,689 $-21,326
2024 $1,151,588 $868,741 $21,360,329 $282,847
2023 $615,790 $761,885 $19,689,408 $-146,095
2022 $1,685,622 $1,152,498 $18,457,440 $533,124
2021 $1,521,506 $2,626,245 $22,583,775 $-1,104,739
2020 $1,202,035 $2,343,871 $20,389,989 $-1,141,836
2019 $2,079,349 $2,024,740 $24,415,162 $54,609
2018 $5,653,485 $3,467,825 $25,636,727 $2,185,660
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