ADVENTIST BOLINGBROOK HOSPITAL

EIN: 651219504 501(c)(3)

BOLINGBROOK, IL

Total Revenue
$295,037,104
Total Expenses
$287,993,085
Total Assets
$297,312,225
Net Assets
$259,399,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IL
Principal Officer
ED NOSEWORTHY
Phone
6303125000
Tax Period
2024-07-01 to 2025-06-30

ADVENTIST BOLINGBROOK HOSPITAL, founded in 2003, is a major nonprofit that reported $137.1M in total revenue in fiscal year 2018. Expenses of $132.4M left a modest 3% surplus.

Mission

OPERATION OF A 138-BED ACUTE-CARE HOSPITAL SERVING RESIDENTS IN & AROUND BOLINGBROOK, IL.

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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 $187,851
Program Service Revenue $290,282,138
Investment Income $4,567,115
Other Revenue $0
TOTAL REVENUE $295,037,104

Expense Breakdown

Grants Paid $46,440
Salaries & Benefits $1,721,821
Fundraising Expenses $0
Program Expenses $273,517,929
Other Expenses $286,224,824
TOTAL EXPENSES $287,993,085

Year-over-Year Comparison

2024 2023 Change
Revenue $295,037,104 $255,346,719 +0.2%
Expenses $287,993,085 $244,506,139 +0.2%
Net Income $7,044,019 $10,840,580 -0.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
17
Employees
N/A
Volunteers
89

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
$1,148,415
Total Directors
23
$1,071,608
Key Employees
2
$878,038
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REED MD MONICA DIR/PRES/CEO REG 10.00
Director
$197,028 $34,087 $1,019,230
ROSE KENNETH CEO BOLINGBROOK(CEO AGO END 02/2025) 37.50
Officer
$540,485 $120,856 $841,502
BUCHANAN HERBERT FORMER OFFICER 0.00
$198,930 $27,059 $822,777
KRIKORIAN MD ARMAND CMO BOLINGBROOK/GLENOAKS 25.00
Key Emp
$242,224 $116,011 $600,458
RADIVOJEVIC VLADIMIR FORMER KEY EMPLOYEE (END 01/2025) 0.00
$0 $107,120 $559,480
SHAW TRISTAN CFO BOLINGBROOK 50.00
Officer
$262,117 $44,796 $306,913
GALLAGHER RN KAREN CNO BOLINGBROOK (END 10/2024) 50.00
Key Emp
$256,736 $20,844 $277,580
CHRISTIAN BRUCE FORMER OFFICER 0.00
$76,789 $1,026 $154,604
KOHLI MD MANINDER DIRECTOR 0.20
Director
$0 $0 $50,250
SHAYANI MD VAFA DIRECTOR 0.50
Director
$2,128 $0 $2,128
AHMED MD AZIZ DIRECTOR (BEG 01/2025) 0.20
Director
$0 $0 $0
ARQUILLA VENANZIO DIRECTOR 0.20
Director
$0 $0 $0
BANKS DAVID DIRECTOR/CHAIRMAN 0.20
Director
$0 $0 $0
DENSLOW KENNETH DIRECTOR/VICE CHAIR (END 06/2025) 0.20
Director
$0 $0 $0
DIXON SUSAN DIRECTOR 0.20
Director
$0 $0 $0
EASTMAN LINDA DIRECTOR 0.20
Director
$0 $0 $0
GRAY JR MARSHALL DIRECTOR (END 06/2025) 0.20
Director
$0 $0 $0
GRYS D MIN JOHN DIRECTOR 0.20
Director
$0 $0 $0
HAWKINS RONNIE DIRECTOR 0.20
Director
$0 $0 $0
HOLDER BILL DIRECTOR 0.20
Director
$0 $0 $0
JAHN ANDREW DIRECTOR 0.20
Director
$0 $0 $0
LEVINE MD STACIE DIRECTOR (BEG 07/2024) 0.20
Director
$0 $0 $0
O'CONNOR PETER DIRECTOR 0.20
Director
$0 $0 $0
PATARI MD SANJAY DIRECTOR (END 12/2024) 0.20
Director
$0 $0 $0
RAMIREZ ELDEN DIRECTOR 0.20
Director
$0 $0 $0
RYAN MD PAUL DIRECTOR 0.20
Director
$0 $0 $0
SCOTT GLYNN DIRECTOR 0.20
Director
$0 $0 $0
SNYDER BRENT DIRECTOR 0.20
Director
$0 $0 $0
VALAITIS MD SANDRA DIRECTOR 0.20
Director
$0 $0 $0
WRIGHT JONATHAN DIRECTOR 0.20
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
2025 $295,037,104 $287,993,085 $297,312,225 $7,044,019
2024 $255,346,719 $244,506,139 $285,574,027 $10,840,580
2023 $122,455,051 $124,019,696 $284,808,847 $-1,564,645
2022 $220,111,652 $210,039,693 $142,338,258 $10,071,959
2021 $216,065,202 $194,862,448 $157,968,235 $21,202,754
2020 $179,719,336 $173,689,304 $140,783,483 $6,030,032
2019 $140,985,402 $131,431,944 $112,328,568 $9,553,458
2018 $137,071,095 $132,427,172 $110,340,812 $4,643,923
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