Rush Medical Group

Nonprofit profile at a glance

EIN
991940690
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Chicago, IL, USA
Phone
3129425000
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$475,026,740
Expenses
$790,555,685
Assets
$146,886,702
Liabilities
$391,427,443

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

Leadership & pay

9 people listed

Executive titles in this filing

  • John Diederich MA MBA FACHE (President & Chief Executive Officer, RCMC)
  • Omar B Lateef DO (President & Chief Executive Officer, RUSH)
  • Robert S D Higgins MD MSHA (President & Chief Academic Officer, Rush University)
  • Luis Garcia MD FACS MBA FACHE (President, Rush Medical Group)

Highest reported compensation

  • Omar B Lateef DO (President & Chief Executive Officer, RUSH): $4,819,778 total reported compensation
  • Matt Walsh MHA (Chief Operating Officer, RUSH): $1,953,598 total reported compensation
  • John Diederich MA MBA FACHE (President & Chief Executive Officer, RCMC): $1,351,452 total reported compensation

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

Overview

Mission

The mission of Rush Medical Group is to improve the health of the individuals and diverse communities it serves through the integration of outstanding patient care, education, research, and community partnerships.

What it reported doing in 2024

Rush Medical Group (RMG) is a tax-exempt corporation within the Rush System for Health (RUSH) to consolidate academic and community-based providers. RUSH is a national leader in outstanding patient care, education, research, community partnerships and empowering a new generation of health care providers, which comprises Rush University Medical Center (RUMC), Rush Copley Medical Center (RCMC), Rush Oak Park Hospital, Inc. (ROPH) and Rush University, as well as an extensive provider network and numerous outpatient care facilities. RMG is comprised of roughly 900 physicians and 350 advanced practice providers in more than 111 specialties and subspecialties spread across the Chicagoland area, which primarily includes clinical locations at the RUMC campus in Chicago, ROPH, and RCMC campus in Aurora. The singular focus of RMG is to provide transformational patient care to deliver the promotion and preservation of the health and well-being across our diverse communities. As part of RUSH, translational research is a core component of patient care. Providers are involved in hundreds of clinical studies to test the effectiveness and safety of new therapies and medical devices, as well as to expand scientific and medical knowledge. RMG has a strong partnership with Rush Medical College (RMC) as well as Graduate Medical Education to enhance the educational opportunity of these trainees. RMC has an acclaimed history as one of the first medical colleges in the Midwest and continues to make major contributions to medical science and education through research and clinical trials. The health centers offer highly selective residency and fellowship programs in medical and surgical specialties and subspecialties. This unique practitioner-teacher model provides students the opportunity to learn from world-renowned instructors who practice what they teach.

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: 88
  • Transparency & Controls: 67
  • Accountability: 32
  • Sustainability: 13
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.5%; rating input score 96
  • 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 4th 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: -66.4%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 2.66; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0.2%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 96.5% of spending went to programs
  • Governance: 0 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $762.9M in reported program spending
  • Leadership: top reported pay $4.8M · 9 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Contacts: How to reach this organization
  • Related organizations: 16 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 — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.