Norwegian American Hospital Foundation
Nonprofit profile at a glance
- EIN
- 363257131
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 7732928200
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,600,499
- Expenses
- $1,466,005
- Assets
- $7,600,372
- Liabilities
- $55,646
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- BRAD VARTAN (VICE PRESIDENT, FOUNDATION (EFF. 7/14/2025))
Highest reported compensation
- KENNETH COE (CFO): $124,941 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Humboldt park health foundation seeks philanthropic support from individuals, businesses, foundations and community groups to help humboldt park health fulfill its mission as a premier health care provider that puts patients first and aspires to deliver consistently high quality, cost-effective, family-centered health services.
What it reported doing in 2024
The foundation established committees to expand awareness and scope of foundation and hospital programs. In addition, medical missions were established to provide free services. For over 100 years, humboldt park health's mission has been to provide high-quality family-centered healthcare to our community. The foundation was established in 1995 as the official fundraising and gift receiving arm of the hospital. The primary purpose of the foundation is to encourage and receive contributions that enhance the delivery of high quality, comprehensive healthcare services to those who live and work in the communities serviced by humboldt park health. Today, former patients, employees, physicians, community residents, business leaders, volunteers, as well as other friends of the hospital continue to have a positive influence on the quality of health care services in the community through their generous support.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 87
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.5%; rating input score 48
- Program expense ratio: 79.4%; rating input score 79
- 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 43.6%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 5.18; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: 9.7% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 11.7% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 12.6% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 47.5% of revenue deployed · 79.4% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $125K · 10 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.