Copley Ventures Inc Co Rush Copley Medical Center

Nonprofit profile at a glance

EIN
363370216
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Aurora, IL, USA
Phone
6309786200
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$4,890,441
Expenses
$4,581,098
Assets
$42,587,858
Liabilities
$57,141,866

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

Leadership & pay

7 people listed

Executive titles in this filing

  • John Diederich MA MBA FACHE (President & CEO/Director)

Highest reported compensation

  • John Diederich MA MBA FACHE (President & CEO/Director): $1,351,452 total reported compensation
  • Carl T Bergetz JD (Chief Legal Officer, RUSH & Board Secretary, CV (START 11/24)): $1,335,342 total reported compensation
  • Ryan Asmus End 224 (FORMER VP GENERAL COUNSEL/SECRETARY): $829,390 total reported compensation

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

Overview

Mission

To improve the health of the individuals and diverse communities we serve through the integration of outstanding patient care, education, research and community partnerships.

What it reported doing in 2024

Copley ventures, inc. ("cv") holds title to property for rental purposes. Cv leases and operates outpatient clinics and medical office buildings. Cv owns the rush-copley healthplex ("healthplex"), which is a health and fitness center providing preventive medicine and wellness education to the general public. The healthplex offers the latest in exercise equipment and a staff of certified and degreed professionals. The healthplex is equipped with a therapy pool and exercise equipment to rehabilitate patients ranging from cardiac patients to patients who have sports injuries. The healthplex offers a wide variety of activities to members of all ages and all fitness levels. The healthplex has developed wellness programs and support groups to help members adjust both mentally and physically to different health problems. The following is a sample of programs offered at the healthplex: pre and post natal exercise classes are provided to educate the community and make them aware of other services provided by rush copley medical center and affiliated organizations. Wellness programs encourage participants to improve their health through education and activities. Recent offerings include: cpr, arthritis foundation aquatic program, water exercises, exercise for the business & vacation traveler, and injury prevention for the athlete. The healthplex has also established youth programs to help children develop motor skills, while introducing them to nutrition and interdisciplinary studies. These programs encourage development of personal, social, health, and wellness skills that will lead to life-long physical activity. Recent offerings include: kids cardio, kids fitness class, exercise your heart, healthy opportunities together, and kids power.

Operating model

Revenue model
Other-operating. 100% 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

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: 74
  • Transparency & Controls: 67
  • Accountability: 32
  • Sustainability: 56
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.5%; rating input score 81
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd 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: 6.3%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 9.3; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 1.34; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 10.4%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: -6.1% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -0.3% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 2.1% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 81.5% of revenue deployed · 87% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4M in reported program spending
  • Leadership: top reported pay $1.4M · 7 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $311K reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 17 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.