SwedishAmerican Health Foundation

Nonprofit profile at a glance

EIN
363097493
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Rockford, IL, USA
Phone
7796964009
Rating
61
Verdict
SUPPORTED
Rating confidence
Standard

Official website

Reported finances

Revenue
$833,306
Expenses
$854,632
Assets
$22,922,689
Liabilities
$493,554

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

Leadership & pay

23 people listed

Executive titles in this filing

  • Travis Andersen (President & CEO/Class I Director)
  • Julia Zimmerman (Vice President)
  • Barbara Aaby (Executive Director & Secretary)
  • Timothy Flynn MD (Former President, SA Medical Group)

Highest reported compensation

  • Travis Andersen (President & CEO/Class I Director): $1,677,898 total reported compensation
  • Patricia DeWane (Treasurer): $773,994 total reported compensation
  • Timothy Flynn MD (Former President, SA Medical Group): $711,690 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 provide financial and in-kind support for the stated missions of SwedishAmerican Hospital System Corporation, UW Health SwedishAmerican Hospital, and the affiliates operating in the State of Illinois.

What it reported doing in 2024

SwedishAmerican Health Foundation (SAHF) supports UW Health SwedishAmerican Hospital, a 501(c)(3) organization in its mission to provide quality medical healthcare to communities in Northern Illinois and Southern Wisconsin regardless of race, creed, sex, national origin, handicap, age or ability to pay. During the current year, SAHF provided funding grants to specialized departments which helped enhance patient care and patient-visitor comfort.In 1918, UW Health SwedishAmerican Hospital opened its doors to patients in response to the city's need for healthcare services. UW Health SwedishAmerican Hospital recently completed a $126 million investment in our community. This major construction, modernization and expansion project will help us continue to provide the outstanding, top-quality healthcare which residents of Rockford and its surrounding communities expect and deserve. We recognize that improving the health of our community means investing in our community.During FY 2025, SwedishAmerican Health Foundation provided a grant of $175,713 toward UW Health SA Hospital departments for patient care and well-being.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 76
  • Accountability: 86
  • Sustainability: 50
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.3%; rating input score 55
  • Program expense ratio: 36.1%; rating input score 36
  • Fundraising efficiency: $0.8 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

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; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 91.7%; rating input score 92; 24th 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: -2.6%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 26.82; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 98.1%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -12.8% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 1.8% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 55.3% of revenue deployed · 36.1% of spending went to programs
  • Governance: 11 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $309K in reported program spending
  • Leadership: top reported pay $1.7M · 23 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 26 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.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 36/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.