Adventist Midwest Health

Nonprofit profile at a glance

EIN
362276984
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Hinsdale, IL, USA
Phone
6308569000
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General
Affiliation
Christianity

Official website

Reported finances

Revenue
$625,357,245
Expenses
$636,881,868
Assets
$560,952,122
Liabilities
$118,627,632

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

45 people listed

Executive titles in this filing

  • REED MONICA (DIRECTOR/REG. CEO)
  • MAYCOCK ADAM (CEO HINSDALE/LA GRANGE (END 12/2024))
  • MACCARROLL-WRIGHT ELISE (CEO HINSDALE (BEG 01/2025))
  • TKACHUCK DAVE (CEO LA GRANGE (BEG 01/2025))

Highest reported compensation

  • REED MONICA (DIRECTOR/REG. CEO): $1,019,230 total reported compensation
  • MATHIS REBECCA (FORMER OFFICER): $948,546 total reported compensation
  • MAYCOCK ADAM (CEO HINSDALE/LA GRANGE (END 12/2024)): $829,764 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Adventist health system sunbelt healthcare corporation and all its subsidiary organizations were established by the seventh-day adventist church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of christ. The taxpayer is owned 49% by adventist health system sunbelt healthcare corporation (adventhealth). Effective january 1, 2023, the taxpayer entered into a master management agreement with adventhealth. Adventhealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With christ as our example, adventhealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.

What it reported doing in 2024

Operation of two hospitals: uchicago medicine adventhealth hinsdale and uchicago medicine adventhealth la grange. For the fiscal year ending june 30, 2024, uchicago medicine adventhealth hinsdale, a 261-bed acute care hospital, reported 11,376 admissions, 48,769 patient days and 287,621 outpatient visits; and uchicago medicine adventhealth la grange, a 177-bed acute care hospital, reported 8,128 admissions, 37,654 patient days and 93,232 outpatient visits.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 76
  • Accountability: 84
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.6%; rating input score 94
  • Program expense ratio: 91.1%; rating input score 91
  • 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; 54th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 88.5%; rating input score 88; 35th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.8%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.88; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 76; 76th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 4.9% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 11th percentile among comparable filings

Details

  • Where the money goes: 93.6% of revenue deployed · 91.1% of spending went to programs
  • Governance: 23 of 26 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $580.1M in reported program spending
  • Leadership: top reported pay $1M · 45 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $284M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 21 filed money-flow records
  • Related organizations: 12 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 19/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.