Rush Copley Medical Center

What it reported doing in 2024

Rush copley medical center ("rcmc") is the sole corporate member of copley memorial hospital, inc. ("cmh"), copley ventures, inc. ("cv"), and rush copley foundation ("rcf"). Rcmc is affiliated with rush university medical center ("rumc"), an academic medical center in chicago, Illinois, for the purpose of creating a regional delivery system to improve the medical, capital, and management resources available to cmh and rcmc in their market areas. Rcmc serves as a parent supporting organization for other organizations in the health system, helping to facilitate the provision of healthcare to the community. The purposes for which rcmc is organized are: 1. To establish, acquire, support, erect, maintain, control, own and equip healthcare providers and institutions, including, without limiting the foregoing, hospitals, nursing homes, skilled nursing facilities, intermediate care facilities and ambulatory care centers; to conduct, sponsor, support, promote, develop, own and operate charitable, educational, scientific and scholastic programs and activities; and other activities and programs ancillary to and in support of the foregoing; 2. To foster, promote, support, develop, encourage, maintain, receive and accept funds, gifts, and contributions for and on behalf of such activities; 3. To establish, conduct, sponsor, acquire, own, maintain and operate such other entities and activities which, in the opinion of the board of directors and at its discretion, will support the foregoing; 4. Exclusively for the benefit of and to carry out some or all of the purposes of organizations described in either section 509(a)(1) or 509(a)(2) of the internal revenue code of 1986, as amended, or any subsequent law of the united states. In no instance, however, will rcmc engage in the practice of medicine, psychiatry or psychology.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: 0%; rating input score 0
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90.9%; rating input score 91; 18th 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: Limited

Accountability

• Independent voting board: 90%; rating input score 90; 27th 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: Limited
• Total-asset coverage ratio: 1,059.81; rating input score 99; 99th percentile among comparable filings
• Liabilities to assets ratio: 8.2; rating input score 1; 1st percentile among comparable filings
• Officer compensation ratio: 5,118.8%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: 1.8% per year; rating input score 100; 51st percentile among comparable filings