Edward Health Ventures

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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

1986

Legal Domicile

Phone

6305273000

Tax Period

2023-01-01 to 2023-12-31

Edward Health Ventures, founded in 1986, is a major nonprofit in the Health Care sector that reported $176.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $241.6M exceeded revenue, resulting in a 37% operating deficit.

Mission

EDWARD HEALTH VENTURES 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: $217,340,056 Revenue: $166,557,876

EDWARD HEALTH VENTURES OFFERS PHYSICIAN SERVICES IN PRIMARY CARE, OBSTETRICS, MEDICAL ONCOLOGY, RHEUMATOLOGY, NEUROSCIENCE, NEPHROLOGY, PSYCHIATRY, HOSPITALISTS AND A VARIETY OF SURGICAL SPECIALTIES. EDWARD MEDICAL GROUP AND ELMHURST MEMORIAL MEDICAL GROUP ARE COMPRISED OF 38 PHYSICIAN PRACTICES IN THE WESTERN SUBURBS OF CHICAGO, INCLUDING NAPERVILLE, AURORA, BOLINGBROOK, PLAINFIELD, CRESTHILL, LISLE, WARRENVILLE, OSWEGO, SANDWICH, YORKVILLE, SYCAMORE, ELMHURST, AND OAK PARK. EDWARD HEALTH VENTURES OPERATES 6 WALK-IN CLINICS IN NAPERVILLE, AURORA, WOODRIDGE, YORKVILLE, PLAINFIELD, AND ELMHURST. EDWARD HEALTH VENTURES OPERATES 5 IMMEDIATE CARES IN ADDISON, OAK PARK, HINSDALE, OSWEGO, AND NAPERVILLE. LINDEN OAKS MEDICAL GROUP, WITH SPECIALISTS IN CHILD AND ADULT PSYCHIATRY, IS COMPRISED OF 8 PHYSICIAN PRACTICE LOCATIONS INCLUDING NAPERVILLE, WOODRIDGE, PLAINFIELD, ST. CHARLES, YORKVILLE, MOKENA, OAK PARK AND ELMHURST.

Program 2

Expenses: $10,326,543 Revenue: $5,008,555

EDWARD HEALTH VENTURES PROVIDES ACCESS TO MEDICAL SERVICES AT CONVENIENT LOCATIONS BY OPERATING MEDICAL OFFICE BUILDINGS IN NAPERVILLE, PLAINFIELD, BOLINGBROOK, OSWEGO AND ELMHURST. IT HAS...

EDWARD HEALTH VENTURES PROVIDES ACCESS TO MEDICAL SERVICES AT CONVENIENT LOCATIONS BY OPERATING MEDICAL OFFICE BUILDINGS IN NAPERVILLE, PLAINFIELD, BOLINGBROOK, OSWEGO AND ELMHURST. IT HAS APPROXIMATELY 30 MEDICAL OFFICE TENANTS INCLUDING A NUMBER OF EDWARD HOSPITAL PROGRAMS. THE EXPANSION OF THE EDWARD PLAINFIELD CAMPUS INCLUDES OFFERING PHYSICIAN AND OTHER RELATED HEALTH CARE SERVICES INCLUDING MEDICAL ONCOLOGY FROM EDWARD CANCER CENTER, EDWARD PERINATOLOGY CENTER, EDWARD HOSPITAL PHYSICAL THERAPISTS AND BEHAVIORAL HEALTH PROFESSIONALS FROM LINDEN OAKS MEDICAL GROUP AND INDEPENDENT SPECIALISTS, INCLUDING PEDIATRICIANS, CARDIOLOGISTS, OBSTETRICIANS, GYNECOLOGISTS, ALLERGISTS, OPTHALOMOLOGISTS, AND PRIMARY CARE PHYSICIANS.

Program 3

Expenses: $0 Revenue: $4,823,575

EDWARD HEALTH VENTURES INVESTS IN JOINT VENTURES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $176,390,006

Investment Income $-28,900

Other Revenue $0

TOTAL REVENUE $176,361,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,452,657

Fundraising Expenses $0

Program Expenses $227,666,599

Other Expenses $53,161,476

TOTAL EXPENSES $241,614,133

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,361,106	$157,125,664	+0.1%
Expenses	$241,614,133	$249,827,544	0.0%
Net Income	$-65,253,027	$-92,701,880	-0.3%

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

Governance

Voting Members

Independent Members

Employees

1704

Volunteers

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

$12,048,888

Total Directors

$3,622,230

Key Employees

$1,623,297

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	Chair	1.0	Officer Director	$0	$0	$0
N/A	Trustee	34.0	Director	$438,288	$34,648	$472,936
N/A	Trustee	35.0	Director	$388,066	$44,610	$432,676
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	CEO, South Region/Trustee	1.0	Director	$0	$156,357	$1,151,360
N/A	Trustee	35.0	Director	$465,103	$45,020	$510,123
N/A	Trustee	40.0	Director	$441,586	$37,629	$479,215
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	35.0	Director	$525,889	$50,031	$575,920
N/A	System Chief Legal Officer/Secretary (until 3/31/23)	1.0	Officer	$0	$156,204	$1,016,097
N/A	CFO, South Region/Treasurer (until 12/15/23)	1.0	Officer	$0	$158,179	$1,494,552
N/A	System Chief Financial Officer	1.0	Officer	$0	$284,165	$2,034,913
N/A	System President & CEO	1.0	Officer	$0	$2,182,996	$6,283,528
N/A	Assistant Treasurer	1.0	Officer	$0	$42,904	$518,034
N/A	System Chief Legal Officer/Secretary	1.0	Officer	$0	$46,582	$701,764
N/A	Director, Medical Group Operations	1.0	Key Emp	$0	$40,585	$213,680
N/A	Co-Chief Physician Exec (left)	1.0	Key Emp	$0	$147,693	$969,208
N/A	SVP, Medical Group Operations, South Region	1.0	Key Emp	$0	$103,294	$440,409
N/A	Physician	40.0	Highest	$1,077,356	$45,607	$1,122,963
N/A	Physician	40.0	Highest	$1,058,754	$25,268	$1,084,022
N/A	Physician	40.0	Highest	$1,130,727	$20,802	$1,151,529
N/A	Physician	40.0	Highest	$1,123,128	$46,598	$1,169,726
N/A	Physician	40.0	Highest	$1,429,738	$38,451	$1,468,189
N/A	Former Key Employee	40.0		$155,709	$35,560	$191,269
N/A	Former Key Employee	40.0		$217,933	$19,112	$237,045
N/A	Former Key Employee	40.0		$188,909	$12,066	$200,975
N/A	Former Officer	0.0		$0	$14,850	$2,993,353
N/A	Former Key Employee	1.0		$0	$42,277	$287,631
N/A	Former Key Employee	1.0		$0	$40,974	$313,387

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	$176,361,106	$241,614,133	$129,745,697	$-65,253,027
2022	$157,125,664	$249,827,544	$131,953,780	$-92,701,880
2021	$72,129,789	$119,604,905	$136,057,032	$-47,475,116
2021	$142,674,210	$221,462,486	$124,858,655	$-78,788,276
2020	$122,829,391	$223,878,680	$101,022,124	$-101,049,289
2019	$118,697,480	$174,243,567	$126,167,699	$-55,546,087
2018	$141,443,819	$167,095,125	$136,770,897	$-25,651,306