ADVOCATE CHARITABLE FOUNDATION

EIN: 363297360 501(c)(3) Health Care

OAK BROOK, IL

Total Revenue
$40,020,137
Total Expenses
$27,905,170
Total Assets
$206,326,862
Net Assets
$202,929,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IL
Principal Officer
RANDY VARJU
Phone
4142991862
Tax Period
2024-01-01 to 2024-12-31

ADVOCATE CHARITABLE FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $40.0M in total revenue in fiscal year 2024. The organization ran a surplus of $12.1M, a strong 30% operating margin.

Mission

: TO EMBRACE THE MISSION OF ADVOCATE HEALTH CARE (A NON-FOR-PROFIT FAMILY OF HOSPITALS AND CAREGIVERS), CULTIVATE PHILANTHROPIC PARTNERSHIPS, AND INCREASE CHARITABLE SUPPORT OF ADVOCATE HEALTH CARE'S CLINICAL, EDUCATION AND RESEARCH PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $16,474,950 Revenue: $810,910

GENERAL AND CLINICAL SUPPORTDONOR GIFTS WERE USED TO SUPPORT CLINICAL PROGRAMS BY REIMBURSING OPERATING EXPENSES AND BY PROVIDING CAPITAL EXPENDITURES FOR EQUIPMENT AND FACILITIES RENOVATION AND...

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GENERAL AND CLINICAL SUPPORTDONOR GIFTS WERE USED TO SUPPORT CLINICAL PROGRAMS BY REIMBURSING OPERATING EXPENSES AND BY PROVIDING CAPITAL EXPENDITURES FOR EQUIPMENT AND FACILITIES RENOVATION AND CONSTRUCTION. PROGRAMS FOR SPECIAL NEEDS PATIENTS SUPPORT INCLUDED AN ADULT DOWN SYNDROME CLINIC, DENTAL CARE FOR THE DISABLED, CHILDHOOD SEXUAL TRAUMA THERAPY, OLDER ADULT SERVICES, PEDIATRIC DEVELOPMENT EVALUATIONS AND TREATMENTS, AND NEONATAL BEREAVEMENT COUNSELING. CLINIC PROGRAMS WERE ENHANCED THROUGH CAPITAL PURCHASES SUCH AS EQUIPPING EMERGENCY ROOMS, RENOVATIONS OF SURGICAL SUITES, EXPANSIONS OF CARDIAC AND CANCER CARE CENTERS, DIAGNOSTIC IMAGING EQUIPMENT, AND REMODELING OF PEDIATRIC INTENSIVE CARE UNITS. COMMUNITY OUTREACH PROGRAMS SUPPORTED BY GIFTS INCLUDED SCHOOL-BASED HEALTH CLINICS, DENTAL PROGRAMS FOR SPECIAL NEEDS POPULATIONS, FAITH COMMUNITY PARTNERSHIPS INCLUDING PARISH NURSING, CHILDHOOD IMMUNIZATIONS, CHILD DEVELOPMENT EDUCATION, SAFETY PROGRAMS, PATIENT FAMILY SUPPORT, ADDICTION COUNSELING, HEALTH COMMUNICATION FOR THE DEAF, AND ASTHMA MANAGEMENT.

Program 2
Expenses: $776,424

SCHOLARSHIPS AND EDUCATION PROGRAMSDONOR GIFTS WERE USED TO SUPPORT EDUCATION OF MEDICAL STUDENTS, RESIDENTS AND FELLOWS, CONTINUING EDUCATION OF MEDICAL STAFF PHYSICIANS, PASTORAL CARE (HOSPITAL...

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SCHOLARSHIPS AND EDUCATION PROGRAMSDONOR GIFTS WERE USED TO SUPPORT EDUCATION OF MEDICAL STUDENTS, RESIDENTS AND FELLOWS, CONTINUING EDUCATION OF MEDICAL STAFF PHYSICIANS, PASTORAL CARE (HOSPITAL CHAPLAIN) EDUCATION, ADMINISTRATIVE FELLOWSHIPS, ACCREDITATION TRAINING FOR PARAMEDICS, FELLOWSHIPS IN HEALTH CARE ADMINISTRATION, A NURSING RESIDENCY, AND CONTINUING EDUCATION OF ADVOCATE AND COMMUNITY CAREGIVERS ESPECIALLY NURSES AND CLINICAL TECHNICIANS. MEDICAL LIBRARIES AND CLINICAL EDUCATION LEARNING CENTERS WERE ENHANCED BY DONOR GIFTS. THE SYSTEM EDUCATED ABOUT 1,400 MEDICAL STUDENTS, ABOUT 600 MEDICAL RESIDENTS AND FELLOWS, ABOUT 100 PASTORAL CARE STUDENTS, AND MORE THAN 10,000 NURSES AND OTHER CAREGIVERS. SCHOLARSHIPS ARE PROVIDED FOR CONTINUING EDUCATION OF EMPLOYEES AND TO STUDENTS IN HIGH SCHOOL AND COLLEGE INTERESTED IN HEALTH CARE OCCUPATIONS.

Program 3
Expenses: $970,755

MEDICAL RESEARCHDONOR GIFTS WERE USED TO SUPPORT BOTH BASIC RESEARCH IN PEDIATRIC ONCOLOGY AND CLINICAL RESEARCH IN THE AREAS OF ADULT ONCOLOGY, CARDIOLOGY, ADDICTION MEDICINE, RENAL DISEASE...

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MEDICAL RESEARCHDONOR GIFTS WERE USED TO SUPPORT BOTH BASIC RESEARCH IN PEDIATRIC ONCOLOGY AND CLINICAL RESEARCH IN THE AREAS OF ADULT ONCOLOGY, CARDIOLOGY, ADDICTION MEDICINE, RENAL DISEASE, NEONATAL CARE, EMERGENCY MEDICINE, NURSING CLINICAL PROCEDURES, AND PEDIATRIC ONCOLOGY.

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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 $28,552,550
Program Service Revenue $0
Investment Income $11,173,714
Other Revenue $293,873
TOTAL REVENUE $40,020,137

Expense Breakdown

Grants Paid $18,018,337
Salaries & Benefits $7,235,018
Fundraising Expenses $9,155,239
Program Expenses $18,236,687
Other Expenses $2,651,815
TOTAL EXPENSES $27,905,170

Year-over-Year Comparison

2024 2023 Change
Revenue $40,020,137 $38,418,076 +0.0%
Expenses $27,905,170 $32,872,656 -0.2%
Net Income $12,114,967 $5,545,420 +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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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
12
Employees
54
Volunteers
290

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
10
$9,695,998
Total Directors
15
$41,812,687
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY T SMITH DIRECTOR, CHAIRPERSON 1.00
Officer Director
$0 $0 $0
RANDY VARJU DIRECTOR, PRESIDENT 55.00
Officer Director
$522,720 $291,096 $813,816
LESLIE WININGER DIRECTOR, PRESIDENT 1.00
Officer Director
$0 $60,264 $368,747
JAMES SKOGSBERGH DIRECTOR 1.00
Director
$0 $2,012,135 $30,862,679
WILLIAM SANTULLI DIRECTOR 1.00
Director
$0 $674,339 $7,866,221
THOMAS CRAWFORD AKA PAT CRAWFORD DIRECTOR 1.00
Director
$0 $0 $3,000
CAROLINE SMITH DIRECTOR 1.00
Director
$0 $0 $0
ASH LUTHRA DIRECTOR 1.00
Director
$0 $0 $0
FRANK IGLESKI DIRECTOR 1.00
Director
$0 $0 $0
ANDY STAPLETON DIRECTOR 1.00
Director
$0 $0 $0
ROB PERRI DIRECTOR 1.00
Director
$0 $0 $0
FRANCESCA POPPER DIRECTOR 1.00
Director
$0 $18,235 $302,420
REV DR ROBERT DAVIS DIRECTOR 1.00
Director
$0 $0 $0
JP HILLS DIRECTOR 1.00
Director
$0 $0 $0
DIA NICHOLS DIRECTOR 1.00
Director
$0 $252,781 $1,595,804
NAN NELSON TREASURER 1.00
Officer
$0 $272,483 $1,744,966
RACHELLE HART SECRETARY, ASST SECRETARY 1.00
Officer
$0 $224,620 $1,326,374
RACHEL HALVERSON ASSISTANT TREASURER 1.00
Officer
$0 $64,719 $791,532
BRAD CLARK ASSISTANT TREASURER 1.00
Officer
$0 $419,389 $2,933,092
KEVIN FITCH ASSISTANT TREASURER 1.00
Officer
$0 $144,348 $750,474
MICHAEL KERNS ASSISTANT SECRETARY 1.00
Officer
$0 $132,619 $966,997
KATHERINE KETNER ASSISTANT SECRETARY 1.00
Officer
$0 $0 $0
ALLYSON REGNIER VP DEVELOPMENT 55.00
Highest
$236,020 $36,037 $272,057
JOHN HOLMBERG VP PLANNED GIVING 55.00
Highest
$219,995 $25,277 $245,272
JENNIFER COSBY-THANOS VP DEVELOPMENT 55.00
Highest
$216,315 $30,494 $246,809
DAVINA MARTIN VP DEVELOPMENT 55.00
Highest
$236,645 $11,971 $248,616
LESLIE LENZO FORMER OFFICER 0.00
$0 $0 $127,097
JAMES SLINKMAN FORMER OFFICER 0.00
$0 $174,709 $863,992
DOMINICA TALLARICO FORMER OFFICER 0.00
$0 $438,888 $928,597
DOMINIC NAKIS FORMER OFFICER 0.00
$0 $1,231,995 $4,607,851
JAMES DOHENY FORMER OFFICER 0.00
$0 $26,867 $558,789
STEVE HUSER FORMER OFFICER 0.00
$0 $18,835 $580,071
MICHAEL GREBE FORMER OFFICER 0.00
$0 $64,107 $1,140,568
MARY MATTHEWS FORMER OFFICER 0.00
$0 $52,776 $466,787
SUSAN ABDERHOLDEN FORMER HCE 0.00
$174,987 $8,980 $183,967
JO AMICK FORMER HCE 0.00
$176,804 $20,336 $197,140
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 $40,020,137 $27,905,170 $206,326,862 $12,114,967
2023 $38,418,076 $32,872,656 $194,672,075 $5,545,420
2022 $9,771,684 $17,623,807 $195,506,978 $-7,852,123
2021 $44,400,105 $34,478,092 $200,973,412 $9,922,013
2020 $36,265,106 $32,585,414 $194,429,781 $3,679,692
2019 $46,008,290 $32,729,697 $206,813,481 $13,278,593
2018 $22,898,879 $26,295,568 $190,104,071 $-3,396,689
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