Elmhurst Memorial Healthcare

EIN: 364037473 501(c)(3) Health Care

Elmhurst, IL

Total Revenue
$91,949,300
Total Expenses
$127,381,820
Total Assets
$94,118,765
Net Assets
$78,395,059
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
IL
Phone
3312211000
Tax Period
2023-01-01 to 2023-12-31

Elmhurst Memorial Healthcare, founded in 1926, is a mid-sized nonprofit in the Health Care sector that reported $91.9M in total revenue in fiscal year 2023. Expenses of $127.4M exceeded revenue, resulting in a 39% operating deficit.

Mission

ELMHURST MEMORIAL HEALTHCARE FOLLOWS THE MISSION OF ENDEAVOR HEALTH. ON JANUARY 1, 2022, ENDEAVOR HEALTH BECAME THE SOLE CORPORATE MEMBER OF NORTHSHORE AND EDWARD-ELMHURST HEALTHCARE (EEH). 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: $123,871,918 Revenue: $91,949,300

THE ELMHURST CLINIC, LLC AND ELMHURST MEDICAL ASSOCIATES, LLC ARE AFFILIATED WITH ELMHURST MEMORIAL HEALTHCARE AS PART OF ITS COMPREHENSIVE PHYSICIAN PRACTICE DIVISION (THE "PPD"). THESE AFFILIATED...

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THE ELMHURST CLINIC, LLC AND ELMHURST MEDICAL ASSOCIATES, LLC ARE AFFILIATED WITH ELMHURST MEMORIAL HEALTHCARE AS PART OF ITS COMPREHENSIVE PHYSICIAN PRACTICE DIVISION (THE "PPD"). THESE AFFILIATED GROUPS IN THE PPD PROVIDE PHYSICIAN SERVICES TO ELMHURST MEMORIAL HOSPITAL'S OUTPATIENT CLINICS, PURSUANT TO A PROFESSIONAL SERVICES AGREEMENT. FOR MORE THAN 50 YEARS, THE ELMHURST CLINIC HAS WORKED TO PROVIDE MORE THAN JUST GOOD MEDICAL CARE. IT HAS ESTABLISHED ITSELF IN DUPAGE COUNTY AS ONE OF THE PREMIER MULTI-SPECIALTY MEDICAL GROUPS, PROVIDING A RANGE OF CARE FOR THE ENTIRE FAMILY. TODAY, THE CLINIC HAS EXPANDED TO INCLUDE MORE THAN 100 MULTI-SPECIALTY PROVIDERS IN EIGHT LOCATIONS, INCLUDING IN ADDISON, BLOOMINGDALE, ELMHURST, LOMBARD, OAK PARK, OAKBROOK TERRACE AND WOOD DALE. THE GROUP'S MODEL OF CARE IS BUILT AROUND HAVING SMALL PRACTICES WHERE PATIENTS RECEIVE PERSONALIZED, HOLISTIC CARE WITH STATE-OF-THE-ART SERVICES. ELMHURST MEMORIAL ONCOLOGY SERVICES' APPROACH TO CARE BRINGS PATIENTS THE BEST OF BOTH WORLDS - EXCEPTIONAL CARE THAT IS CLOSE TO HOME. AN AFFILIATION WITH THE CANCER CENTER AT ELMHURST MEMORIAL HOSPITAL MEANS PATIENTS WILL RECEIVE A COMPLETE CONTINUUM OF CARE WITH THE SAME LEADING-EDGE PROCEDURES AVAILABLE AT A UNIVERSITY 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $90,349,250
Investment Income $0
Other Revenue $1,600,050
TOTAL REVENUE $91,949,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,820,162
Fundraising Expenses $0
Program Expenses $123,871,918
Other Expenses $24,561,658
TOTAL EXPENSES $127,381,820

Year-over-Year Comparison

2023 2022 Change
Revenue $91,949,300 $86,336,930 +0.1%
Expenses $127,381,820 $132,577,521 0.0%
Net Income $-35,432,520 $-46,240,591 -0.2%
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
16
Independent Members
10
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PER REGULATION 1.6033-2(D)(5), THIS DATA IS FOUND ON THE GROUP RETURN N/A
Director
$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
2024 No data No data No data No data
2023 $91,949,300 $127,381,820 $94,118,765 $-35,432,520
2022 $86,336,930 $132,577,521 $98,051,475 $-46,240,591
2021 $38,132,198 $64,621,643 $90,401,603 $-26,489,445
2021 $75,060,337 $100,990,460 $94,420,633 $-25,930,123
2020 $64,621,247 $79,136,220 $87,108,975 $-14,514,973
2019 $61,754,144 $64,791,017 $86,548,117 $-3,036,873
2018 $58,479,561 $63,989,356 $107,970,824 $-5,509,795
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