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Edward Health Ventures

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581672987 ✦ Naperville, IL ✦ Designated as a 501(c)(3)

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Overview

What is Edward Health Ventures?

Edward Health Ventures is a nonprofit organization encompassing three hospitals, namely Edward Hospital, Elmhurst Hospital, and Linden Oaks Behavioral Health. Located in the west and southwest suburbs of Chicago, this organization delivers comprehensive healthcare services to the local community, adhering to the mission of Edward-Elmhurst Health to help everyone be their best.


Official website here: www.eehealth.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

Edward Health Ventures holds a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization's overall score is primarily derived from its strong performance in the Accountability & Finance beacon, reflecting a commitment to transparency and responsible management of funds. With a fiscal year ending in 2022, the charity demonstrates effective oversight with a majority of independent board members and robust financial practices.

Strengths include a well-structured board with 62% independent members and a solid financial statement review process, earning full points across various criteria. The organization has clear policies in place for conflict of interest, whistleblower protections, and document retention, which further enhances its credibility. Additionally, with a program expense ratio of 80.19%, a significant portion of its funds is directed toward programs, underscoring its mission-driven focus.

While the data indicates a strong operational framework, specific areas of impact or programmatic effectiveness are not detailed in the available information. However, the high rating reflects a trustworthy organization with robust governance and financial practices, making it a reliable choice for potential donors looking to contribute to its initiatives.


This AI summary has been generated from information found on Charity Navigator.

Is Edward Health Ventures legitimate?

Edward Health Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edward Health Ventures 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: $2,012,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,894,911

For more financial information, click here


Official website here: www.eehealth.org

What is the mission statement of Edward Health Ventures?

Edward Health Ventures is dedicated to helping everyone in their communities reach their best potential. This mission aligns with that of NorthShore-Edward Elmhurst Health. The organization offers comprehensive healthcare services, encompassing three hospitals: Edward Hospital, Elmhurst Hospital, and Linden Oaks Behavioral Health. By providing a range of healthcare solutions, Edward Health Ventures aims to positively impact the lives of individuals within their care. Through their various offerings, they strive to improve the overall wellbeing of the communities they serve.


Official website here: www.eehealth.org

Who is the CEO of Edward Health Ventures?

Unavailable The CEO's salary of Edward Health Ventures is $0 and their total compensation is $2,090,341.


Official website here: www.eehealth.org

What is the revenue of Edward Health Ventures?

Edward Health Ventures's revenue in 2022 was $157,125,664.


Official website here: www.eehealth.org

Who are the executives of Edward Health Ventures and what are their salaries?

The average compensation at Edward Health Ventures during 2022 was $92,347. There are 1580 employees at Edward Health Ventures.


Here are 39 key members and their salaries (Edward Health Ventures's CEO's salary is $0 and their total compensation is $2,090,341):


Joseph Dant (Pres,Edward Hosp&Sth Institute)
  • Compensation: $0
  • Related: $1,323,340
  • Other: $84,206
Margaret Harrell (Trustee/Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary L Mastro (Ceo, South Region/Trustee)
  • Compensation: $0
  • Related: $2,046,561
  • Other: $43,780
Sean Chou (Trustee/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Schriedel Md (Chief Medical Officer/Trustee)
  • Compensation: $470,265
  • Related: $0
  • Other: $36,953
Christine Jeffries (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Morrissey (Trustee Starting 7/1/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lekshmi Venugopal Md (Physician/Trustee)
  • Compensation: $379,204
  • Related: $0
  • Other: $19,155
Liz Aquino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Gomez Md (Physician/Trustee)
  • Compensation: $429,813
  • Related: $0
  • Other: $47,655
Michael Hoffman Md (Trustee)
  • Compensation: $0
  • Related: $311,134
  • Other: $17,710
Ram Shivakumar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ravi Nemivant (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Platt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Lee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valerie Cahill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Whang Md (Physician/Trustee)
  • Compensation: $584,280
  • Related: $0
  • Other: $45,413
Chris J Mollet (System Chief Legal Officer/Corp Secretary)
  • Compensation: $0
  • Related: $1,045,918
  • Other: $46,129
Denise Chamberlain (Cfo, South Region/Treasurer)
  • Compensation: $0
  • Related: $892,466
  • Other: $147,746
Douglas D Welday (System Chief Financial Officer)
  • Compensation: $0
  • Related: $1,217,510
  • Other: $425,841
Gerald P Gallagher (System President And Ceo)
  • Compensation: $0
  • Related: $3,655,300
  • Other: $1,103,973
Jason Ogden (Avp, Corp Control & Treas Mgmt/Assistant Treasurer)
  • Compensation: $0
  • Related: $387,866
  • Other: $45,572
Jeffrey D Friant (Vp, Finance/ Assistant Treasurer)
  • Compensation: $0
  • Related: $525,623
  • Other: $101,894
Arvind Ramanathan (Svc Line Dir, Medical Group Ops)
  • Compensation: $0
  • Related: $182,478
  • Other: $41,793
Daniel Sullivan (Co-Chief Physician Exec)
  • Compensation: $0
  • Related: $968,535
  • Other: $31,036
Katie G Mcgovern (Vp Medical Group Ops, Sth Regn)
  • Compensation: $0
  • Related: $351,587
  • Other: $71,728
Laura L Eslick (System Vp Ops Through 6/30/2022)
  • Compensation: $0
  • Related: $569,451
  • Other: $101,602
Brian Myre (Physician)
  • Compensation: $1,038,185
  • Related: $0
  • Other: $25,839
Christine Gresik (Physician)
  • Compensation: $1,047,080
  • Related: $0
  • Other: $19,502
George Salti Md (Physician)
  • Compensation: $994,820
  • Related: $0
  • Other: $50,169
Iris Seitz (Physician)
  • Compensation: $984,279
  • Related: $0
  • Other: $23,036
Zahab Ahsan (Physician)
  • Compensation: $1,237,374
  • Related: $0
  • Other: $42,205
Gina M Sharp (Pres, Loh Behav Hlth Institute)
  • Compensation: $0
  • Related: $515,949
  • Other: $50,700
Jean T Lydon (Cne)
  • Compensation: $0
  • Related: $607,542
  • Other: $101,574
John Klosowski (Svc Line Dir, Medical Group Ops)
  • Compensation: $231,318
  • Related: $0
  • Other: $20,355
Kristi Devalk-Caswick (Svc Line Dir, Medical Group Ops)
  • Compensation: $184,377
  • Related: $0
  • Other: $13,382
Laura Jones (Dir, Physician Pract Rev Cycle)
  • Compensation: $0
  • Related: $194,804
  • Other: $11,467
Maureen Kunz (Avp, Cno Loh)
  • Compensation: $0
  • Related: $278,322
  • Other: $44,411
Michael P Mckenna (Svs Line Dir, Onc & Palliative Care, Surg Svs)
  • Compensation: $0
  • Related: $280,045
  • Other: $44,749


Official website here: www.eehealth.org

Where can I find the form 990 for Edward Health Ventures?

Edward Health Ventures's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.eehealth.org

Learn more at the official website: www.eehealth.org

Mission Statement of Edward Health Ventures

Edward Health Ventures, with a mission akin to Northshore-Edward Elmhurst Health, aspires to help everyone in their communities reach their full potential. This nonprofit organization is committed to delivering comprehensive healthcare services to the residents of the west and southwest suburbs of Chicago.

Comprised of three hospitals, including Edward Hospital, Elmhurst Hospital, and Linden Oaks Behavioral Health, Edward Health Ventures offers a wide range of medical facilities to cater to the diverse healthcare needs of its community members. These hospitals work in unison to provide holistic healthcare services, ensuring that every individual receives the care they require to live their best possible life.

Edward Health Ventures goes beyond just offering medical care. Its services extend to encompassing the emotional, mental, and behavioral wellbeing of its patients. Linden Oaks Behavioral Health, a dedicated behavioral health facility, plays a pivotal role in addressing the mental and emotional health needs of the community members. By combining healthcare services with a deep commitment to community wellbeing, Edward Health Ventures sets itself apart, striving to make a positive impact on the lives of those it serves.

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Impact




October, 2024

Edward Health Ventures plays a significant role in enhancing the overall well-being of communities in the west and southwest suburbs of Chicago. By providing comprehensive healthcare through its three hospitals—Edward Hospital, Elmhurst Hospital, and Linden Oaks Behavioral Health—it addresses a wide range of medical needs for local residents. The organization's commitment to the mission of helping everyone achieve their best underscores its focus on accessibility and quality in health services.

Through various health initiatives and programs, Edward Health Ventures actively works to improve health outcomes, promote wellness, and support mental health services. This holistic approach not only addresses immediate medical concerns but also fosters long-term community resilience and health literacy. By aligning its services with community needs, Edward Health Ventures ensures that residents have access to the necessary resources and support for a healthier future.




This information is meant to be a general summary of Edward Health Ventures. 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.

Revenue
$157,125,664 (2022)
Expenses
$249,827,544 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $17,097
  • Program Service Revenue: $157,108,567
  • Gross Receipts: $157,125,664

Assets and Liabilities:

  • Total Assets: $131,953,780
  • Total Liabilities: $66,576,864
  • Net Assets: $65,376,916

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Patient Service Revenue

Revenue

$144,483,044

Medical Building Rent Revenue

Revenue

$4,401,360

Investment in Healthcare Ventures

Revenue

-$247,651

IHP Distributions

Revenue

$4,392,223

MDVIP Revenue

Revenue

$1,157,380

Organization Details

Founding Year

1986

Main Address

801 S Washington Street, Naperville, IL, 60540

NTEE Category

Code: E21 - Health

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