Overview
What is Swedish Covenant Health?
Swedish Covenant Health is a renowned independent, nonprofit teaching hospital located in Chicago. With a team of 500 board-certified doctors and advanced practice providers, they draw from esteemed medical schools and residency/fellowship programs across the country. Swedish Covenant Health adheres to the mission of NorthShore - Edward-Elmhurst Health, aiming to help everyone in their communities thrive. The organization's commitment to excellence in healthcare and education translates to providing top-tier medical services to the community.
Official website here: www.swedishcovenant. org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Swedish Covenant Health has garnered a commendable rating of 81% from Charity Navigator, reflecting a good level of accountability and financial health. The organization exhibits strong governance, with a fully independent board consisting of 13 members, and it has implemented solid policies regarding conflict of interest and whistleblower protections. Financial oversight appears robust, with no material diversion of assets reported and high scores in audit and oversight.
The organization’s program expense ratio is notably high at 91.39%, indicating that a significant portion of its expenses is directed towards program services rather than administrative costs. This emphasizes the nonprofit’s commitment to effectively utilizing funds for its mission. Furthermore, Swedish Covenant Health maintains transparency by listing essential documents and meeting minutes on its website.
While the overall rating is positive, the three-star designation suggests there may still be areas for improvement. Continued focus on enhancing financial management practices and ensuring that all operations align with best practices could elevate the organization’s standing in the nonprofit sector further.
This AI summary has been generated from information found on Charity Navigator.
Is Swedish Covenant Health legitimate?
Swedish Covenant Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swedish Covenant Health submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,783,786
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,390,360
For more financial information, click here
Official website here: www.swedishcovenant. org
What is the mission statement of Swedish Covenant Health?
Swedish Covenant Health adheres to the mission of NorthShore-Edward Elmhurst Health, committing to helping everyone in their communities reach their full potential. As Chicago's leading independent, nonprofit teaching hospital, Swedish Covenant Hospital boasts a team of 500 board-certified doctors and advanced practice providers from renowned medical institutions. They deliver exceptional care, drawing from the expertise of prestigious medical schools and residency programs across the country.
Official website here: www.swedishcovenant. org
Who is the CEO of Swedish Covenant Health?
Unavailable The CEO's salary of Swedish Covenant Health is $576,032 and their total compensation is $815,490.
Official website here: www.swedishcovenant. org
What is the revenue of Swedish Covenant Health?
Swedish Covenant Health's revenue in 2022 was $300,504,779.
Official website here: www.swedishcovenant. org
Who are the executives of Swedish Covenant Health and what are their salaries?
The average compensation at Swedish Covenant Health during 2022 was $40,068. There are 3149 employees and 40 volunteers at Swedish Covenant Health.
Here are 27 key members and their salaries (Swedish Covenant Health's CEO's salary is $576,032 and their total compensation is $815,490):
- Compensation: $576,032
- Related: $0
- Other: $239,458
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $3,655,300
- Other: $1,103,973
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $42,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $742,334
- Other: $320,245
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,175,239
- Other: $396,446
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,217,510
- Other: $425,841
- Compensation: $460,984
- Related: $0
- Other: $161,296
- Compensation: $350,074
- Related: $0
- Other: $134,161
- Compensation: $255,671
- Related: $0
- Other: $34,877
- Compensation: $283,035
- Related: $0
- Other: $44,681
- Compensation: $331,798
- Related: $0
- Other: $47,213
- Compensation: $249,876
- Related: $0
- Other: $19,985
- Compensation: $245,752
- Related: $0
- Other: $44,811
- Compensation: $388,187
- Related: $0
- Other: $58,186
Official website here: www.swedishcovenant. org
Where can I find the form 990 for Swedish Covenant Health?
Swedish Covenant Health's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swedishcovenant. org
Learn more at the official website: www.swedishcovenant. org
Mission Statement of Swedish Covenant Health
Swedish Covenant Health, a leading independent, nonprofit teaching hospital in Chicago, is committed to helping everyone in their communities reach their best. With a mission aligned with NorthShore - Edward-Elmhurst Health, Swedish Covenant Hospital boasts an impressive roster of 500 board-certified doctors and advanced practice providers, hailing from some of the most prestigious medical schools and residency/fellowship programs in the country. These dedicated healthcare professionals work together to provide exceptional care and advanced treatments to their patients.
Swedish Covenant Hospital stands out as a beacon of hope and healing in Chicago. Its reputation as a top-tier teaching hospital attracts some of the brightest minds in medicine, ensuring that the community has access to the latest medical innovations and treatments. The hospital's commitment to education further enhances its mission, as it provides opportunities for the next generation of healthcare professionals to learn and grow under the guidance of experienced mentors. With a team of highly skilled and compassionate doctors and providers, Swedish Covenant Health continues to make a positive impact on the lives of countless individuals in their community.
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Impact
October, 2024
Swedish Covenant Health significantly enhances the wellbeing of the Chicago community by providing access to high-quality medical care and groundbreaking research. As a leading independent teaching hospital, it employs 500 board-certified doctors and advanced practice providers who are trained in prestigious medical schools and residency programs. This expertise ensures that patients receive advanced medical treatment and innovative care options.
The hospital's commitment to community health is reflected in its mission to support individuals in achieving their best health outcomes. Through a wide range of medical services, health education programs, and outreach initiatives, Swedish Covenant Health addresses the diverse needs of the Chicago population. Its focus on education and training not only benefits patients but also cultivates the next generation of healthcare professionals, which contributes to the overall advancement of medical practice in the region.
By prioritizing patient care, community involvement, and medical education, Swedish Covenant Health plays a vital role in fostering a healthier community and enhancing the quality of life for Chicago residents.
This information is meant to be a general summary of Swedish Covenant Health. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50,307
- Program Service Revenue: $288,125,140
- Gross Receipts: $300,504,779
Assets and Liabilities:
- Total Assets: $840,938,672
- Total Liabilities: $653,184,889
- Net Assets: $187,753,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Health Care Services
Revenue
$275,370,805
Physician Office Rental
Revenue
$5,359,022
Medical Fitness Facility
Revenue
$4,208,131
Laboratory Services
Revenue
$1,100,393
CARES Act Funds
Revenue
$1,037,034
Organization Details
Founding Year
1907
Phone
(773) 878-8200Main Address
5145 N California Avenue, Chicago, IL, 60625
Website
www.swedishcovenant. orgNTEE Category
Code: E22 - Health
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