Edward Hospital

EIN: 363297173 501(c)(3) Health Care

ARLINGTON HEIGHTS, IL

Total Revenue
$908,340,314
Total Expenses
$711,399,981
Total Assets
$704,568,758
Net Assets
$577,115,433
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IL
Phone
6305273000
Tax Period
2024-01-01 to 2024-12-31

Edward Hospital, founded in 1984, is a major nonprofit in the Health Care sector that reported $908.3M in total revenue in fiscal year 2024. The organization ran a surplus of $196.9M, a strong 22% operating margin.

Mission

Edward Hospital follows the mission of Endeavor Health. The mission of Endeavor Health is to "help everyone in our communities be their best." Central to this mission is a commitment to providing clinical programs and services that meet community health needs, while also pursuing continuous improvement to identify and understand future needs.

Program Service Accomplishments

Program 1
Expenses: $649,682,693 Revenue: $904,538,521

Endeavor Health Edward Hospital, which opened in 1907, is a full-service, regional healthcare provider offering access to complex medical specialties and innovative programming, with more than 80...

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Endeavor Health Edward Hospital, which opened in 1907, is a full-service, regional healthcare provider offering access to complex medical specialties and innovative programming, with more than 80 medical and surgical specialties and subspecialties. Edward Hospital has earned a reputation as a healthcare leader by providing advanced cardiac care, state-of-the-art cancer diagnosis and treatment and world class stroke care. Home to the first heart hospital in Illinois, Edward Hospital was also the first in Illinois to open an Outpatient Cath Lab and perform the world's first minimally invasive cryoballoon procedure to treat atrial fibrillation. Today, Edward Hospital is still the largest non-academic provider of heart care in Illinois. Edward Hospital is a Joint Commission-certified Comprehensive Stroke Center and is home to the first Pediatric Emergency Department in DuPage County and have a Level III Newborn Intensive Care Unit (NICU). Edward serves the residents of Chicago's west and southwest suburbs, including Naperville, Aurora, Bolingbrook, Downers Grove, Homer Glen, Joliet, Lemont, lisle, Lockport, Minooka, Oswego, Plainfield, Romeoville, Shorewood, Warrenville, Wheaton, Woodridge and Yorkville. During 2024, Edward Hospital celebrated its fifth consecutive Magnet designation, a significant milestone that included distinct commendations for their outstanding exemplars in nursing practice and patient outcomes. Edward Hospital's Hyperbaric and Wound Clinic received accreditation from the Undersea and Hyperbaric Medical Society (UHMS). UHMS accreditation means our facility has met or exceeded the highest standards of care and patient safety through rigorous evaluation of our operations, including equipment, staff and training to ensure that the utmost quality is maintained within the specialty of undersea and hyperbaric medicine. Edward is the only hyperbaric program certified in Illinois.

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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 $305,097
Program Service Revenue $903,812,988
Investment Income $53,112
Other Revenue $4,169,117
TOTAL REVENUE $908,340,314

Expense Breakdown

Grants Paid $1,108,619
Salaries & Benefits $298,646,711
Fundraising Expenses $0
Program Expenses $649,682,693
Other Expenses $411,644,651
TOTAL EXPENSES $711,399,981

Year-over-Year Comparison

2024 2023 Change
Revenue $908,340,314 $841,972,514 +0.1%
Expenses $711,399,981 $628,859,678 +0.1%
Net Income $196,940,333 $213,112,836 -0.1%
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
15
Independent Members
10
Employees
4202
Volunteers
524

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
8
$10,901,024
Total Directors
17
$4,139,448
Key Employees
3
$2,153,845
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Dant President, South Region/Trustee 40.0
Officer Director
$1,077,265 $372,142 $1,476,739
Margaret Dixon Harrell Vice Chair 1.0
Officer Director
$0 $0 $0
Sean Chou Chair 1.0
Officer Director
$0 $0 $0
Adam Schriedel Trustee (until 6/30/24) 1.0
Director
$0 $40,269 $546,735
Brad Cutler Trustee 1.0
Director
$0 $53,396 $456,403
David Morrissey Trustee (until 6/30/24) 1.0
Director
$0 $0 $0
Elizabeth Aquino Trustee 1.0
Director
$0 $0 $0
Harry Siavelis Trustee (as of 7/1/24) 1.0
Director
$0 $0 $0
Mark Gomez Trustee 1.0
Director
$0 $48,580 $469,561
Michael T Hoffman Trustee 1.0
Director
$0 $46,889 $577,818
Ram Shivakumar Trustee 1.0
Director
$0 $0 $0
Ravi Nemivant Trustee 1.0
Director
$0 $0 $0
Robert Platt Trustee 1.0
Director
$0 $0 $0
Sasha Demos Trustee (as of 7/1/24) 1.0
Director
$0 $0 $0
Tom S Lee Trustee 1.0
Director
$0 $0 $0
Valerie Cahill Trustee 1.0
Director
$0 $0 $0
Walter Whang Trustee 1.0
Director
$0 $49,268 $612,192
Douglas D Welday System Treasurer and CFO 1.0
Officer
$0 $330,386 $2,184,620
Gerald P Gallagher System President & CEO 1.0
Officer
$0 $1,632,363 $5,191,626
Jason Ogden Assistant Treasurer 1.0
Officer
$0 $46,994 $471,101
Lydia Andrasz Assistant Secretary 1.0
Officer
$0 $49,360 $352,315
Shivani Bautista System Chief Legal Officer/Secretary 1.0
Officer
$0 $421,599 $1,224,623
Patricia Fairbanks CNO, Edward Hospital 40.0
Key Emp
$419,171 $42,685 $461,856
Robert Payton CMO, Edward Hospital 40.0
Key Emp
$677,092 $129,365 $806,457
Yvette Saba President, Edward Hospital 40.0
Key Emp
$0 $119,478 $885,532
Benjamin Garcia Physician 40.0
Highest
$765,781 $48,476 $814,257
Guy Miller Physician 40.0
Highest
$885,471 $56,643 $942,114
Michael Hartmann Physician 40.0
Highest
$908,428 $50,199 $958,627
Saroosh Ahmed Physician 40.0
Highest
$772,354 $49,704 $822,058
Scott Padalik Physician 40.0
Highest
$796,628 $56,004 $852,632
Bradley Hlavacek Former Key Employee 40.0
$221,239 $39,473 $260,712
Catherine Smith Former Key Employee 40.0
$365,466 $39,547 $415,811
Chris J Mollet Former Officer 0.0
$0 $151,925 $828,356
Daniel Sullivan Former Key Employee 0.0
$0 $0 $454,992
Denise Chamberlain Former Officer 0.0
$0 $246,269 $1,127,235
Ellen Turnbull Former Key Employee 0.0
$0 $22,763 $244,204
Kevin Rehder Former Key Employee 40.0
$241,039 $37,591 $278,630
Marianne Spencer Former Key Employee 0.0
$0 $214,045 $744,040
Mary Lou Mastro Former Officer 0.0
$0 $0 $468,372
Michael O'Shea Former Key Employee 40.0
$318,716 $20,417 $339,133
Phillip C Williams Former Key Employee 40.0
$405,127 $42,224 $459,395
Ryan Garland Former Key Employee 40.0
$276,324 $44,855 $321,179
William Wallin Former Key Employee 0.0
$0 $39,044 $226,099
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 $908,340,314 $711,399,981 $704,568,758 $196,940,333
2023 $841,972,514 $628,859,678 $492,345,353 $213,112,836
2022 $784,822,019 $687,515,895 $454,574,179 $97,306,124
2021 $384,445,639 $344,667,593 $472,302,841 $39,778,046
2021 $761,222,693 $642,721,760 $472,054,647 $118,500,933
2020 $665,834,109 $644,597,453 $481,805,669 $21,236,656
2019 $692,139,231 $636,770,657 $533,458,888 $55,368,574
2018 $698,186,271 $644,314,926 $533,814,206 $53,871,345
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