Overview
What is Northwestern Memorial Healthcare?
Northwestern Memorial Healthcare (NMHC) is a not-for-profit organization headquartered in Chicago, Illinois. It serves as the parent company of various hospitals, including Northwestern Memorial Hospital, Lake Forest Hospital, and Central DuPage Hospital, among others. NMHC's mission is to provide comprehensive inpatient care and support to these institutions, working together under the brand "Northwestern Medicine." Northwestern University Feinberg School of Medicine shares a vision with NMHC to advance medical care through clinical innovation, breakthrough research, and academic excellence to positively impact people's lives and the health of their communities. Northwestern Memorial Healthcare's work extends beyond clinical care, collaborating with public health experts to determine the root causes and develop solutions to tackle complex public health issues such as chronic diseases and community violence. As an integrated academic medical health system, NMHC supports some of the nation's most advanced research programs, pushing the boundaries of science and medicine to prevent and cure diseases.
Official website here: www.nm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Northwestern Memorial Healthcare has received an 81% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The rating is based entirely on a single beacon score, reflecting the organization's commitment to good governance and financial practices. Their high marks in areas such as independent board membership and thorough financial oversight suggest a trustworthy and well-managed institution.
The organization boasts an impressive 80% of its board members being independent, which is crucial for maintaining objectivity and integrity in decision-making. Additionally, they have established comprehensive policies on conflict of interest, whistleblower protection, and document retention, which further enhance their accountability. Their program expense ratio is also strong, indicating that a significant portion of their expenditures directly supports their programs.
While the overall score is commendable, stakeholders might want to keep an eye on how Northwestern Memorial Healthcare continues to evolve its programs and services in response to community needs. The rating reflects a commitment to transparency and effective management, but ongoing engagement and responsiveness to feedback will be essential for future accolades.
This AI summary has been generated from information found on Charity Navigator.
Is Northwestern Memorial Healthcare legitimate?
Northwestern Memorial Healthcare is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwestern Memorial Healthcare 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: $13,296,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $462,529,512
For more financial information, click here
Official website here: www.nm.org
What is the mission statement of Northwestern Memorial Healthcare?
Northwestern Memorial Healthcare is a healthcare organization dedicated to delivering high-quality, cost-effective care with a strong focus on patient satisfaction. They strive to enhance the health of the communities they serve by providing a broad range of services, taking into account the unique needs of their patients and their families. The organization is academically affiliated with Feinberg School of Medicine of Northwestern University, allowing for the integration of education and research to further enhance the quality of care. Northwestern Memorial Healthcare's mission is to uphold consistent standards and foster an environment that encourages excellence in practice, critical inquiry, and learning.
Official website here: www.nm.org
Who is the CEO of Northwestern Memorial Healthcare?
Unavailable
Official website here: www.nm.org
What is the revenue of Northwestern Memorial Healthcare?
Northwestern Memorial Healthcare's revenue in 2022 was $2,009,411,319.
Official website here: www.nm.org
Who are the executives of Northwestern Memorial Healthcare and what are their salaries?
The average compensation at Northwestern Memorial Healthcare during 2022 was $94,316. There are 5045 employees at Northwestern Memorial Healthcare.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nm.org
Where can I find the form 990 for Northwestern Memorial Healthcare?
Northwestern Memorial Healthcare's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nm.org
Learn more at the official website: www.nm.org
Mission Statement of Northwestern Memorial Healthcare
Northwestern Memorial Healthcare is a dedicated organization of caregivers committed to delivering high-quality, cost-effective, and patient-satisfying healthcare services. Their mission extends beyond individual patient care, as they aim to improve the health of the communities they serve. This is achieved through a broad range of services tailored to the unique needs of patients and their families.
Northwestern Memorial Healthcare's unwavering dedication to excellence is reflected in its essential academic and service relationship with Feinberg School of Medicine of Northwestern University. This partnership enhances the quality of care provided by Northwestern Memorial Healthcare through the integration of education and research. The environment fosters critical inquiry and learning, encouraging the application of best practices and innovative approaches.
As a leading healthcare provider, Northwestern Memorial Healthcare aspires to consistently meet and exceed the expectations of its patients. Their team of compassionate caregivers is dedicated to providing sensitive, quality care, ensuring that each patient receives the attention and support they need during their time of need. Through their commitment to improving health outcomes, Northwestern Memorial Healthcare continues to make a positive impact on the lives of the individuals and families they serve.
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Impact
October, 2024
Northwestern Memorial Healthcare (NMHC) plays a pivotal role in enhancing the health and well-being of communities in Chicago and its surrounding areas. With a comprehensive network that includes numerous hospitals and physician care practices, NMHC is dedicated to providing high-quality, patient-centered care. By integrating clinical practice with advanced research and education through its partnership with the Feinberg School of Medicine at Northwestern University, NMHC fosters innovation in medical care.
The organization actively addresses pressing public health challenges, such as chronic diseases, obesity, and mental health issues. NMHC collaborates with experts to uncover root causes and develop effective interventions, striving to make a significant impact on the health landscape. Furthermore, it supports leading-edge research initiatives that push the boundaries of science and medicine, contributing to new understandings and treatments for various health conditions.
NMHC's commitment to quality is evident in its aspiration for excellence across all levels of care delivery, emphasizing cost-effectiveness and patient satisfaction. By offering a broad range of services tailored to individual patient and family needs, NMHC not only treats illnesses but also invests in the overall health of the communities it serves, making a profound and positive difference in countless lives.
This information is meant to be a general summary of Northwestern Memorial Healthcare. 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: $471,340,589
- Program Service Revenue: $1,521,064,972
- Gross Receipts: $4,256,763,103
Assets and Liabilities:
- Total Assets: $12,205,294,228
- Total Liabilities: $10,244,022,580
- Net Assets: $1,961,271,648
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Services
Revenue
$1,305,481,000
Underwriting Income
Revenue
$141,570,415
Professional Service Fees
Revenue
$62,008,819
Quality Improvement Program
Revenue
$8,679,462
Registration & Fees
Revenue
$328,050
Organization Details
Founding Year
1982
Phone
(312) 926-4237Main Address
541 N Fairbanks Ct 1630, Chicago, IL, 606113319
Website
www.nm.orgNTEE Category
Code: E22 - Health
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