Silver Cross Health System

EIN: 363185353 501(c)(3) Health Care

New Lenox, IL

Total Revenue
$14,121,948
Total Expenses
$11,097,963
Total Assets
$149,177,033
Net Assets
$24,524,691
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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
1981
Legal Domicile
IL
Principal Officer
Vincent Pryor
Phone
8153007007
Tax Period
2023-10-01 to 2024-09-30

Silver Cross Health System, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $14.1M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 21% operating margin.

Mission

Improve the health of those we serve and advance wellness in our community.

Program Service Accomplishments

Program 1
Expenses: $10,637,123 Revenue: $10,579,509

Management services provided to affiliated charitable organizations.

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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 $0
Program Service Revenue $10,579,509
Investment Income $3,542,439
Other Revenue $0
TOTAL REVENUE $14,121,948

Expense Breakdown

Grants Paid $43,958
Salaries & Benefits $8,906,455
Fundraising Expenses $252,326
Program Expenses $10,637,123
Other Expenses $2,147,550
TOTAL EXPENSES $11,097,963

Year-over-Year Comparison

2023 2022 Change
Revenue $14,121,948 $11,143,641 +0.3%
Expenses $11,097,963 $9,779,402 +0.1%
Net Income $3,023,985 $1,364,239 +1.2%
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
15
Independent Members
13
Employees
13
Volunteers
13

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
$3,171,358
Total Directors
18
$3,171,358
Key Employees
5
$2,246,658
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ruth Colby President/CEO (until 10/16/23) 40.00
Officer Director
$1,398,739 $64,361 $1,463,100
Vincent Pryor Asst. Treasurer/CFO 40.00
Officer Director
$988,016 $60,950 $1,048,966
Michael Mutterer President/CEO 40.00
Officer Director
$600,516 $58,776 $659,292
Jean Kenol Chair 1.00
Officer Director
$0 $0 $0
Michael Scudder First Vice Chair 1.00
Officer Director
$0 $0 $0
Susan Prock Second Vice Chair & Secretary 1.00
Officer Director
$0 $0 $0
Dr David Mikolajczak Treasurer 1.00
Officer Director
$0 $0 $0
Sid Bala Director 1.00
Director
$0 $0 $0
Vincent Cornelius Director 1.00
Director
$0 $0 $0
Terry D'Arcy Director 1.00
Director
$0 $0 $0
Mark Danielson MD Director 1.00
Director
$0 $0 $0
Jennifer Howard Director 1.00
Director
$0 $0 $0
Douglas Hutchison Jr Director (until 6/3/24) 1.00
Director
$0 $0 $0
Dr David Livingston Director 1.00
Director
$0 $0 $0
Dr Judith Mitchell Director 1.00
Director
$0 $0 $0
John Phelan Director 1.00
Director
$0 $0 $0
Mark Stofan Director (until 6/3/24) 1.00
Director
$0 $0 $0
Denise Winfrey Director 1.00
Director
$0 $0 $0
Chris Udovich Chief Medical Officer 40.00
Key Emp
$509,958 $55,947 $565,905
Mark Jepson VP Human Resources 40.00
Key Emp
$436,291 $57,692 $493,983
Dana Bradley VP Human Resources 40.00
Key Emp
$426,086 $46,186 $472,272
Marybeth Antone VP Clinical Operations 40.00
Key Emp
$366,591 $48,400 $414,991
Matthew Renn VP Finance 40.00
Key Emp
$258,097 $41,410 $299,507
Michelle Bober VP & Chief Strategy Officer 40.00
Highest
$125,678 $9,787 $135,465
Teresa Andrea VP Chief Information Officer 40.00
Highest
$452,211 $58,110 $510,321
Scott Paddock SVP External Affairs 40.00
Highest
$476,238 $26,813 $503,051
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
2024 $14,121,948 $11,097,963 $149,177,033 $3,023,985
2023 $11,143,641 $9,779,402 $124,523,243 $1,364,239
2022 $11,108,323 $9,185,319 $103,355,832 $1,923,004
2021 $11,478,762 $9,750,710 $84,613,247 $1,728,052
2020 $11,359,724 $9,063,780 $76,213,276 $2,295,944
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