Cause IQ organization profile

Swedish Covenant Health

Swedish Covenant Health is a general hospital based in Chicago, IL that was founded in 1907. As of 2018 they had $288 million in revenue and $486 million in assets.

Swedish Covenant Hospital is Chicago's leading independent, nonprofit teaching hospital, with 500 board-certified doctors and advanced practice providers from some of the top medical schools and residency/fellowship programs in the country.

Previous legal names or variations of their name include: Swedish Covenant Hospital.

EIN:

36-2179813

City:

Chicago

State:

Illinois

Website:

swedishcovenant.org

Phone:

773-878-8200

Facebook:

facebook.com/SwedishCovenantHospital

Twitter:

@swedishcovenant

Founded:

1907

Type:

501(c)(3)

NTEE:

E22: General hospitals

Revenue:

$288,320,374

Assets:

$486,024,601

Employees:

2,321

Fiscal year end:

September

Revenue trends:

Asset trends:

Program areas at Swedish Covenant Health

Since 1886, Swedish Covenant Health has been dedicated to providing healthcare services and healthcare education. As part of its mission as a not-for-profit, church-based community hospital, Swedish Covenant has served as an educational center, health rehabilitation center, illness prevention center, social support services center, and community center. Swedish Covenant Health serves as a solid community structure through employment of over 1,850 individuals.Recognizing its mission to the community, Swedish Covenant Health offers the following quality medical healthcare services regardless of race, creed, sex, national origin, handicap, age or ability to pay:General Medicine, Surgery, ICUSwedish Covenant Health continually offers the latest technology to meet the vast needs of the community. During the fiscal year, Swedish Covenant Health serviced 12,613 inpatients and more than 300,450 outpatients at a total cost of $230,922,267.Physical Medicine/Rehab ServicesSwedish Covenant Health is dedicated to providing a comprehensive Rehab Unit that combines the disciplines of physical therapy, speech therapy, ...

Form 990s for Swedish Covenant Health

Fiscal year ending	Date received by IRS	Form	PDF link
2018-09	Oct 11, 2019	990	View PDF
2017-09	Nov 15, 2018	990	View PDF
2016-09	Oct 23, 2017	990	View PDF
2015-09	Oct 19, 2016	990	View PDF
2014-09	Oct 1, 2015	990	View PDF
...and five more Form 990 PDFs

Financials for Swedish Covenant Health

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$69,000	$97,891	-29.5%
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$69,000	$97,891	-29.5%

Field	2018	2017	% Change
Total grants, contributions, etc.	$69,000	$97,891	-29.5%
Program services	$264,877,052	$250,874,589	5.6%
Investment income and dividends	$2,023,490	$1,954,099	3.6%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$5,911,614	$5,852,045	1.0%
Net gain from sale of non-inventory assets	$4,462,773	$3,733,877	19.5%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$10,976,445	$11,503,974	-4.6%
Total revenues	$288,320,374	$274,016,475	5.2%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$967,425	$965,975	0.2%
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$2,493,165	$2,104,829	18.4%
Compensation not included above, to disqualified persons	$95,553	$104,122	-8.2%
Non-officer salaries and wages	$102,525,998	$98,467,510	4.1%
Pension/retirement accruals and contributions	$1,827,508	$1,969,793	-7.2%
Other employee benefits	$12,370,525	$11,383,319	8.7%
Payroll taxes	$7,341,994	$7,110,776	3.3%
Management fees	$1,085,051	$1,960,000	-44.6%
Legal fees	$262,296	$258,664	1.4%
Accounting fees	$228,206	$193,826	17.7%
Lobbying fees	$175,500	$183,000	-4.1%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$26,331,230	$27,158,382	-3.0%
Advertising and promotion	$688,335	$615,259	11.9%
Office expenses	$203,121	$830,968	-75.6%
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$4,182,145	$4,477,265	-6.6%
Travel	$61,273	$341,057	-82.0%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$6,166,978	$6,509,578	-5.3%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$16,552,113	$17,304,869	-4.3%
Insurance	$9,180,303	$9,037,719	1.6%
All other expenses	$76,412,394	$68,227,147	12.0%
Total expenses	$269,151,113	$259,204,058	3.8%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$3,827,476	$61,885	6084.8%
Savings, short-term investments, etc.	$1,039,859	$1,266,370	-17.9%
Pledges and grants receivable	$1,144,928	$527,281	117.1%
Accounts receivable	$44,071,802	$47,049,380	-6.3%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$4,601,785	$4,750,142	-3.1%
Prepaid expenses and deferred charges	$1,240,232	$3,130,419	-60.4%
Buildings, equipment, etc. post-depreciation	$187,981,155	$186,433,364	0.8%
Investments, publicly traded securities	$0	$0
Investments, other securities	$132,751,093	$139,731,263	-5.0%
Investments, program-related	$0	$0
Intangible assets	$472,610	$472,610
Other assets	$108,893,661	$96,736,030	12.6%
Total assets	$486,024,601	$480,158,744	1.2%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$44,768,226	$56,073,761	-20.2%
Grants payable	$0	$0
Deferred revenue	$0
Tax-exempt bond liabilities	$156,846,858	$171,327,455	-8.5%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$19,340,000	$11,900,000	62.5%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$69,799,628	$65,049,035	7.3%
Total liabilities	$290,754,712	$304,350,251	-4.5%

Field	2018	2017	% Change
Unrestricted net assets	$193,604,385	$174,720,388	10.8%
Temporarily restricted net assets	$1,665,504	$1,088,105	53.1%
Permanently restricted net assets	$0	$0

Vendors for Swedish Covenant Health

Vendor	Services	Amount paid	Date
RSM Us LLP	Tax accounting		2019-10-11
███ ███████ ██ █████ █ ███████ ██	Legal Services	$366,815	2018-09-01
██████████ ██████████	Health Care	$961,133	2018-09-01
███████ ████████ ███ ███	Health Care	$770,018	2018-09-01
████ ████████ ██	Health Care	$1,347,850	2018-09-01
███████ █████████ ██████████ ██	Health Care	$546,082	2018-09-01
████████ ███ ███	Tax accounting		2014-10-08

Personnel at Swedish Covenant Health

Name	Title	Compensation	Most recent data
Anthony Guaccio	President and Chief Executive Officer	$606,521	June 11, 2020
Jonathan Lind	Vice President and Chief Operating Officer	$312,829	June 11, 2020
██████ █ ██████	Senior Vice President and Chief Financial Officer	$463,524	Oct. 11, 2019
███ ██████	Chief Financial Officer	-	June 11, 2020
█████ ███████	Vice President of Information Systems and Chief Information Officer / Senior Vice President and Chief Information Officer	$285,561	June 11, 2020
█████ ███████	Vice President and Chief Medical Officer	$333,974	June 11, 2020
█████ ████████	Vice President and Chief Nursing Officer / V.P of Nursing and Chief Nursing Officer	-	June 11, 2020
██████ ██████	Vice President of Operations and Chief Safety Officer / Vice President Operations	$218,764	June 11, 2020
████████ ████	Vice President of Legal Affairs and General Legal Counsel / General Counsel	$291,011	June 11, 2020
████ ██████████	Vice President and General Legal Counsel	-	July 17, 2019
...and nine more key personnel

Peer general hospitals

	Name	Type	Revenue	Location
1	Central DuPage Hospital	501(c)(3)	$901 million	Winfield, IL
2	St Alexius Medical Center	501(c)(3)	$352 million	Hoffman Estates, IL
3	Saint Anthony Hospital	501(c)(3)	$118 million	Chicago, IL
4	Advocate Condell Medical Center	501(c)(3)	$474 million	Downers Grove, IL
5	Copley Memorial Hospital	501(c)(3)	$317 million	Aurora, IL
6	SwedishAmerican Hospital	501(c)(3)	$601 million	Rockford, IL
7	Presence Saints Mary and Elizabeth Medical Center	501(c)(3)	$320 million	Chicago, IL
8	Norwegian American Hospital (NAH)	501(c)(3)	$120 million	Chicago, IL
9	RML Specialty Hospital	501(c)(3)	$108 million	Hinsdale, IL
10	Rush Oak Park Hospital	501(c)(3)	$136 million	Oak Park, IL
11	Presence Chicago Hospitals Network	501(c)(3)	$1.1 billion	Chicago, IL
12	Trinity Medical Center	501(c)(3)	$410 million	Rock Island, IL
13	Morris Hospital and Healthcare Centers	501(c)(3)	$174 million	Morris, IL
14	Thorek Memorial Hospital	501(c)(3)	$85 million	Chicago, IL
15	St Mary's Hospital Decatur of the Hospital Sisters of the Third Order of St Francis	501(c)(3)	$139 million	Decatur, IL
16	Katherine Shaw Bethea Hospital (KSB)	501(c)(3)	$149 million	Dixon, IL
17	Riverside Medical Center	501(c)(3)	$370 million	Kankakee, IL
18	OSF Saint Elizabeth Medical Center	501(c)(3)	$111 million	Ottawa, IL
19	Adventist Bolingbrook Hospital (ABH)	501(c)(3)	$137 million	Bolingbrook, IL
20	Edward Hospital	501(c)(3)	$698 million	Naperville, IL
21	Rockford Memorial Hospital	501(c)(3)	$415 million	Rockford, IL
22	Alexian Brothers Medical Center (ABMC)	501(c)(3)	$492 million	Elk Grove Village, IL
23	Gottlieb Memorial Hospital	501(c)(3)	$150 million	Melrose Park, IL
24	Adventist Midwest Health	501(c)(3)	$527 million	Hinsdale, IL
25	Loyola University Medical Center (LUMC)	501(c)(3)	$1.3 billion	Maywood, IL

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Cause IQ organization profile

Swedish Covenant Health

Program areas at Swedish Covenant Health

Form 990s for Swedish Covenant Health

Financials for Swedish Covenant Health

Vendors for Swedish Covenant Health

Personnel at Swedish Covenant Health

Peer general hospitals

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