ADVOCATE AURORA HEALTH INC (EIN 824184596) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

JAMES SKOGSBERGH

Phone

4142991576

Tax Period

2024-01-01 to 2024-12-31

ADVOCATE AURORA HEALTH INC, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $71.5M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $424.9M, a strong 595% operating margin.

Mission

ADVOCATE AURORA HEALTH, INC. IS AN INTEGRATED HEALTH CARE PROVIDER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,146,052

Program Service Revenue $27,811,576

Investment Income $22,807,627

Other Revenue $12,697,027

TOTAL REVENUE $71,462,282

Expense Breakdown

Grants Paid $506,000

Salaries & Benefits $1,406,447,741

Fundraising Expenses $0

Program Expenses $-449,536,802

Other Expenses $-1,760,407,037

TOTAL EXPENSES $-353,453,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,462,282	$93,587,373	-0.2%
Expenses	$-353,453,296	$-491,433,541	-0.3%
Net Income	$424,915,578	$585,020,914	-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

15184

Volunteers

N/A

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

$58,003,440

Total Directors

$39,536,266

Key Employees

$23,990,208

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SKOGSBERGH	CHIEF EXECUTIVE OFFICER	55.00	Officer Director	$28,850,544	$2,012,135	$30,862,679
WILLIAM SANTULLI	PRESIDENT	55.00	Officer Director	$7,191,882	$674,339	$7,866,221
MICHELE BAKER RICHARDSON	DIRECTOR, CHAIRPERSON	55.00	Officer Director	$135,767	$0	$135,767
THOMAS BOLGER	DIRECTOR, VICE CHAIRPERSON	55.00	Officer Director	$112,433	$0	$112,433
RICHARD JAKLE	DIRECTOR	1.00	Director	$16,000	$0	$19,000
JOHN TIMMER	DIRECTOR	1.00	Director	$89,100	$0	$89,100
LYNN CRUMP-CAINE	DIRECTOR	1.00	Director	$89,100	$0	$89,100
MARK HARRIS	DIRECTOR	1.00	Director	$97,100	$0	$97,100
CHARLES HARVEY	DIRECTOR	1.00	Director	$112,433	$0	$112,433
JOANNE BAUER	DIRECTOR	1.00	Director	$112,433	$0	$112,433
JOANNE DISCH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DANIELS JR	DIRECTOR	1.00	Director	$40,000	$0	$40,000
GABRIELLE FINLEY-HAZLE	PRESIDENT	55.00	Officer	$1,338,182	$147,878	$1,486,060
JEFFREY BAHR	VICE PRESIDENT	55.00	Officer	$2,480,565	$395,214	$2,875,779
DENNIS POTTS	VICE PRESIDENT	55.00	Officer	$2,731,220	$324,837	$3,056,057
DIA NICHOLS	VICE PRESIDENT	55.00	Officer	$1,343,023	$252,781	$1,595,804
BRAD CLARK	TREASURER	1.00	Officer	$0	$419,389	$2,933,092
BRETT DENTON	SECRETARY	1.00	Officer	$0	$462,832	$4,008,208
NAN NELSON	ASSISTANT TREASURER	55.00	Officer	$1,472,483	$272,483	$1,744,966
RACHELLE HART	ASSISTANT SECRETARY	55.00	Officer	$1,101,754	$224,620	$1,326,374
CRISTY GARCIA-THOMAS	CHIEF EXTERNAL AFFAIRS OFFICER	55.00	Key Emp	$2,251,082	$293,599	$2,544,681
BARBARA BYRNE	CHIEF INFORMATION OFFICER	55.00	Key Emp	$3,178,742	$537,282	$3,716,024
GARY STUCK	CHIEF MEDICAL OFFICER	55.00	Key Emp	$4,546,690	$485,239	$5,031,929
MARY BETH KINGSTON	CHIEF NURSING OFFICER	55.00	Key Emp	$2,497,751	$335,428	$2,833,179
REV KATHIE BENDER SCHWICH	CHIEF SPIRITUAL OFFICER	55.00	Key Emp	$1,025,007	$363,049	$1,388,056
MEGHAN WOLTMAN	CHIEF GOVERNMENT AFFAIRS OFFICER	55.00	Key Emp	$1,252,219	$295,783	$1,548,002
RICHARD KLEIN	CHIEF BUSINESS DEVELOPMENT OFFICER	55.00	Key Emp	$3,362,958	$341,412	$3,704,370
SHOEB SITAFALWALLA	CHIEF STRATEGY OFFICER	55.00	Key Emp	$2,716,754	$507,213	$3,223,967
THOMAS HANSEN	SYSTEM VP, ASSOCIATE GENERAL COUNSEL	55.00	Highest	$970,161	$187,852	$1,158,013
SHARON QUINLAN	ASSOCIATE GENERAL COUNSEL	55.00	Highest	$911,183	$152,718	$1,063,901
TROY DENNHOF	SENIOR VP PEOPLE & BUSINESS PARTNERSHIPS	55.00	Highest	$898,864	$167,954	$1,066,818
LAURA HILL	SENIOR VP CHIEF INVESTMENT OFFICER	55.00	Highest	$896,485	$34,674	$931,159
DAVID ANDERSON	FORMER DIRECTOR	0.00		$48,000	$415	$48,415
ERIC WEISS	FORMER DIRECTOR	0.00		$0	$19,521	$2,683,181
DOMINIC NAKIS	FORMER OFFICER	0.00		$3,375,856	$1,231,995	$4,607,851
MICHAEL GREBE	FORMER OFFICER	0.00		$1,076,461	$64,107	$1,140,568
ANTHONY DEFURIO	FORMER OFFICER	0.00		$0	$0	$4,324,005
MICHAEL KERNS	FORMER OFFICER	0.00		$834,378	$132,619	$966,997
JAMES SLINKMAN	FORMER OFFICER	0.00		$689,283	$174,709	$863,992
KEVIN BRADY	FORMER KE	0.00		$1,455,861	$622,884	$2,078,745
KELLY JO GOLSON	FORMER KE	0.00		$2,805,924	$105,740	$2,911,664
SCOTT POWDER	FORMER KE	0.00		$0	$103,561	$1,512,499
FRITZ VORLOP	FORMER HCE	0.00		$780,632	$181,001	$961,633
MONICA HOCUM	FORMER HCE	0.00		$508,734	$34,951	$543,685
MICHELLE FRAZIER	FORMER HCE	0.00		$880,853	$173,344	$1,054,197

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	$71,462,282	$-353,453,296	$2,178,434,482	$424,915,578
2023	$93,587,373	$-491,433,541	$1,576,373,516	$585,020,914
2022	$175,431,990	$175,431,990	$249,264,522	No data
2021	$73,418,612	$73,418,612	$50,322,454	No data
2020	$56,307,682	$56,307,691	$20,473,111	$-9
2019	$86,484,448	$86,484,448	$146,121,708	No data
2018	$56,950,972	$56,950,972	$57,375,072	No data

ADVOCATE AURORA HEALTH INC