Mcgaw Medical Center of Northwestern University

Overview

Mission

McGaw sponsors, administers and supports Graduate Medical Education programs. Each McGaw institutional member provides a supportive educational environment, routine assessment of quality control, and commitment of presence and financial resources to support these endeavors. These include administering payroll and benefits for over 1,200 fellows, interns and residents at 12 participating institutions.

What it reported doing in 2024

McGaw coordinated and administered rotation schedules, salaries, and benefits for 1,298 FTE house staff members during the current year. For the academic year ending June 30, 2025, these FTE's provided services at 12 institutions in the metropolitan Chicago area.

Operating model

Revenue model
Affiliate-supported. 90% of the money available for current operations came from contributions from related organizations.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
362656113
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Headquarters
Chicago, IL, USA
Phone
3125037975
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 68
  • Accountability: 42
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.1%; rating input score 96
  • Program expense ratio: 95.4%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.5%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 0.3% per year; rating input score 100; 8th percentile among comparable filings

Details

  • Where the money goes: 96.1% of revenue deployed · 95.4% of spending went to programs
  • Governance: 0 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $128.8M in reported program spending
  • Leadership: top reported pay $1.9M · 11 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $698K reported
  • Consistency: 44 of 44 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

11 people listed

Highest reported compensation

  • Eric Neilson MD (Board Chair): $1,893,818 total reported compensation
  • James Adams MD (Vice Chair): $1,489,373 total reported compensation
  • Nancy Paridy JD (Board Member): $1,435,517 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.