Rush University Medical Center

Nonprofit profile at a glance

EIN
362174823
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Chicago, IL, USA
Phone
3129425000
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$2,758,712,727
Expenses
$2,347,044,424
Assets
$5,230,553,562
Liabilities
$1,934,697,779

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

Leadership & pay

89 people listed

Executive titles in this filing

  • Omar B Lateef DO (President & Chief Executive Officer, RUSH)
  • Robert S D Higgins MD MSHA (President & Chief Academic Officer, Rush University)

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
  • Angelique Richard PhD RN CENP (SVP Hospital Operations, CNO): $1,848,687 total reported compensation

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

Overview

Mission

Improve the health of individuals and diverse communities we serve through the integration of outstanding patient care, education, research and community partnerships. Rush University — with an exclusive focus on the health sciences — shares a campus with Rush University Medical Center, allowing for the unique integration of patient care, research, education and community service. The University comprises four colleges: the Medical College, the College of Nursing, the College of Health Sciences and the Graduate College. In addition to highly ranked College of Health Sciences and College of Nursing programs, the University offers medical training and research graduate programs. Students receive the personal attention of a small, private university with the advantage of training at a world-renowned academic health center. Rush Health.

What it reported doing in 2024

Education: Rush University (RU) is a health sciences university that includes Rush Medical College, the College of Nursing, and the College of Health Sciences. Founded in 1837, Rush Medical College 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 College of Nursing is one of the nation's top-ranked nursing colleges with a national reputation for clinical excellence that helps make our graduates highly sought after by top health care employers around the country. The College of Health Sciences has been responsible for education and research in the allied health professions. The Medical Center also offers many highly selective residency and fellowship programs in medical and surgical specialties and subspecialties. RU's unique practitioner-teacher model for health sciences education and research provides its students the opportunity to learn from world-renowned instructors who practice what they teach. With more than 40 degree and certificate programs and 60 postgraduate training programs, RU educated 2,769 students in FY2025. Rush University provides outstanding health sciences education and conducts major research in a culture of inclusion, focused on the promotion and preservation of the health and well-being of our diverse communities.

Operating model

Revenue model
Other-operating. 93% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 77
  • Accountability: 100
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.5%; rating input score 93
  • Program expense ratio: 91.4%; rating input score 91
  • Fundraising efficiency: $6.28 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 99.5%; rating input score 100; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.9%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 2.23; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 1.8%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 4.9% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: 5.1% per year; rating input score 100; 37th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site
  • Where the money goes: 93.5% of revenue deployed · 91.4% of spending went to programs
  • Governance: 40 of 40 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.1B in reported program spending
  • Leadership: top reported pay $4.8M · 89 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $219.4M reported
  • Consistency: 46 of 46 current checks pass
  • Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 73 filed money-flow records
  • Related organizations: 44 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: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.
  • Review — Sustainability: Officer compensation ratio scored 59/100.