ADVENTIST GLENOAKS HOSPITAL

EIN: 363208390 501(c)(3)

GLENDALE HEIGHTS, IL

Total Revenue
$65,430,317
Total Expenses
$67,507,895
Total Assets
$75,177,032
Net Assets
$56,687,255
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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
1982
Legal Domicile
IL
Principal Officer
VLADIMIR RADIVOJEVIC
Phone
6305458000
Tax Period
2023-01-01 to 2023-06-30

ADVENTIST GLENOAKS HOSPITAL, founded in 1982, is a mid-sized nonprofit that reported $65.4M in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

THE PROVISION OF MEDICAL CARE TO THE COMMUNITY THROUGH THE OPERATION OF A 143 BED HOSPITAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,018,582
Program Service Revenue $64,405,977
Investment Income $5,758
Other Revenue $0
TOTAL REVENUE $65,430,317

Expense Breakdown

Grants Paid $38,903
Salaries & Benefits $30,782,446
Fundraising Expenses $0
Program Expenses $64,574,927
Other Expenses $36,686,546
TOTAL EXPENSES $67,507,895

Year-over-Year Comparison

2022 2021 Change
Revenue $65,430,317 $115,059,128 -0.4%
Expenses $67,507,895 $116,059,375 -0.4%
Net Income $-2,077,578 $-1,000,247 +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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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
22
Independent Members
17
Employees
N/A
Volunteers
37

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
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BACON KENNETH DIR/CHAIRMAN 0.30
Director
$0 $0 $0
DENSLOW KENNETH DIRECTOR/VICE CHAIR 0.30
Director
$0 $0 $0
ARQUILLA VENANZIO DIRECTOR 0.30
Director
$0 $0 $0
BUCHANAN HERBERT DIRECTOR 0.30
Director
$0 $0 $0
DAVARAPALLI MD RAMADEVI DIRECTOR 0.30
Director
$0 $0 $0
DIXON SUSAN DIRECTOR 0.30
Director
$0 $0 $0
EASTMAN LINDA DIRECTOR 0.30
Director
$0 $0 $0
GRAY JR MARSHALL DIRECTOR 0.30
Director
$0 $0 $0
GRYS DMIN JOHN DIRECTOR (BEGAN 01/2023) 0.30
Director
$0 $0 $0
HAWKINS RONNIE DIRECTOR 0.30
Director
$0 $0 $0
HOLDER BILL DIRECTOR 0.30
Director
$0 $0 $0
KOHLI MD MANINDER DIRECTOR 0.30
Director
$0 $0 $0
MILNER MD ROSS DIRECTOR (BEGAN 01/2023) 0.30
Director
$0 $0 $0
MURREY MD SUSAN DIRECTOR 0.30
Director
$0 $0 $0
O'CONNOR PETER DIRECTOR 0.30
Director
$0 $0 $0
PATARI MD SANJAY DIRECTOR (BEGAN 01/2023) 0.30
Director
$0 $0 $0
RAMIREZ ELDEN DIRECTOR 0.30
Director
$0 $0 $0
SCOTT GLYNN DIRECTOR 0.30
Director
$0 $0 $0
SNYDER BRENT DIRECTOR 0.30
Director
$0 $0 $0
THORDARSON THOR DIR/PRES/SEC/EVP & COO 7.00
Director
$0 $0 $0
VALAITIS MD SANDRA DIRECTOR (BEGAN 01/2023) 0.30
Director
$0 $0 $0
WRIGHT JONATHAN DIRECTOR 0.30
Director
$0 $0 $0
RADIVOJEVIC VLADIMIR CEO 50.00
Officer
$0 $0 $0
BROWN JARED CFO 25.00
Officer
$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 No data No data No data No data
2023 $65,430,317 $67,507,895 $75,177,032 $-2,077,578
2022 $115,059,128 $116,059,375 $54,319,438 $-1,000,247
2021 $106,388,709 $104,214,762 $76,929,561 $2,173,947
2020 $101,318,832 $99,646,702 $69,099,079 $1,672,130
2019 $99,222,476 $92,767,908 $64,154,017 $6,454,568
2018 $95,968,749 $92,676,181 $63,173,541 $3,292,568
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