Civic Intelligence

Midwest Health Foundation

EIN 35-2230515 • 501(c)3 • Hinsdale, IL

Profile

Conduct fund-raising and other philanthropic activities in support of and for the benefit of three affiliated tax-exempt hospital organizations and one related tax-exempt foundation organization.

Refreshing map…

120 N Oak StreetHinsdale, IL 60521

www.uchicagomedicineadventhealth.org/FOUNDATIONS

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.02x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

47th percentile

2.7%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

52nd percentile

8.1%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$3,317,081

Up $254,871 (+8.3%) from 2023

Liabilities

Up

$27,606

Up $8,156 (+42%) from 2023

Net Assets

Up

$3,289,475

Up $246,715 (+8.1%) from 2023

Revenue

Down

$1,354,553

Down $288,890 (-18%) from 2023

Expenses

Down

$892,107

Down $295,791 (-25%) from 2023

Net Income

Up

$462,446

Up $6,901 (+1.5%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $0Liabilities 2010: $0Net Assets 2010: $02010Assets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $15,706Liabilities 2015: $0Net Assets 2015: $15,7062015Assets 2016: $106,490Liabilities 2016: $0Net Assets 2016: $106,4902016Assets 2017: $206,435Liabilities 2017: $0Net Assets 2017: $206,4352017Assets 2018: $206,959Liabilities 2018: $0Net Assets 2018: $206,9592018Assets 2019: $1,993,371Liabilities 2019: $1,250Net Assets 2019: $1,992,1212019Assets 2020: $2,516,173Liabilities 2020: $0Net Assets 2020: $2,516,1732020Assets 2021: $2,934,981Liabilities 2021: $20,329Net Assets 2021: $2,914,6522021Assets 2022: $3,145,815Liabilities 2022: $21,536Net Assets 2022: $3,124,2792022Assets 2023: $3,062,210Liabilities 2023: $19,450Net Assets 2023: $3,042,7602023Assets 2024: $3,317,081Liabilities 2024: $27,606Net Assets 2024: $3,289,4752024

Highlighted filing

2024

Assets$3,317,081
Liabilities$27,606
Net Assets$3,289,475

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $02010Expenses 2011: $02011Expenses 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $148,615Expenses 2015: $132,909Net Income 2015: $15,7062015Revenue 2016: $100Expenses 2016: $46Net Income 2016: $542016Revenue 2017: $55Expenses 2017: $55Net Income 2017: $02017Revenue 2018: $97,970Expenses 2018: $97,970Net Income 2018: $02018Revenue 2019: $1,200,145Expenses 2019: $2,326,763Net Income 2019: -$1,126,6182019Revenue 2020: $1,033,952Expenses 2020: $851,076Net Income 2020: $182,8762020Revenue 2021: $659,008Expenses 2021: $668,214Net Income 2021: -$9,2062021Revenue 2022: $1,158,270Expenses 2022: $949,509Net Income 2022: $208,7612022Revenue 2023: $1,643,443Expenses 2023: $1,187,898Net Income 2023: $455,5452023Revenue 2024: $1,354,553Expenses 2024: $892,107Net Income 2024: $462,4462024

Highlighted filing

2024

Revenue$1,354,553
Expenses$892,107
Net Income$462,446

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.03$3.29$1.35$0.89$0.46
2023Detailed filing. Detailed filing data is available for this year.$3.06$0.02$3.04$1.64$1.19$0.46
2022Detailed filing. Detailed filing data is available for this year.$3.15$0.02$3.12$1.16$0.95$0.21
2021Detailed filing. Detailed filing data is available for this year.$2.93$0.02$2.91$0.66$0.67$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.52$0.00$2.52$1.03$0.85$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$1.20$2.33$1.13
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.10$0.10$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.15$0.13$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$1,467,045
Mission and Program Overview

Mission

Support, coordinate, and assist in the development of the financial, fundraising, and other related activities of the four affiliated tax-exempt hospitals and four respective tax-exempt foundations.

Support of three affiliated tax-exempt hospital organizations and one related tax-exempt foundation organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,518,683$3,158,800▲ $640,117
Cash and Non-Interest-Bearing Accounts$255,856$105,101▼ $150,755
Pledges and Grants Receivable$196,046$21,869▼ $174,177
Investments Other Securities$9,455$9,455→ $0
Accounts Receivable$14,226$8,425▼ $5,801
Prepaid Expenses and Deferred Charges$7,000$0▼ $7,000
Total Assets$3,062,210$3,317,081▲ $254,871
Other Assets Total$60,944$13,431▼ $47,513
Liabilities
Other Liabilities$19,450$27,606▲ $8,156
Total Liabilities$19,450$27,606▲ $8,156
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,896,736$3,099,067▲ $202,331
Net Assets Without Donor Restrictions$146,024$190,408▲ $44,384
Total Net Assets Fund Balance$3,042,760$3,289,475▲ $246,715
Total Liabilities and Net Assets / Fund Balance$3,062,210$3,317,081▲ $254,871

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$85,685---$85,685
2023$85,685---$85,685
2022$85,685---$85,685
2021$85,685---$85,685
2020$85,685---$85,685
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Moreno MeghanDirector/VPPT$130,478$64,237$194,715

Board Members and Trustees

NameTitle
Doepke MikeDirector/chairman
Reed Md Monica PDir/president (beg 02/2024)
Buchanan HerbertDir/president (end 02/2024)
Pollitt JayDirector/vice Chair
Fiascone KarenDirector
Glass KyleDirector
Guidotti JohnDirector
Hou LindaDirector
Murphy MaryDirector
Radivojevic VladimirDirector
Waring RandyDirector
Rose KennethDirector (beg 02/2024)
Noseworthy GordonDirector (end 03/2024)
Maycock AdamDirector (end 12/2024)
Edl KenDirector/secretary
Mathis RebeccaDirector/treasurer (end 01/2024)
Revenue and Support

Revenue Composition

Contributions and Grants
$1,230,655
Program Service Revenue
$0
Investment Income
$170,225
Other Revenue
$-46,327
All Other Contributions
$878,758
Change in Net Assets
$462,446

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$255,446Cost
Other Non Cash Contri Table1$6,299Fair Market Value (FMV)
Total Noncash Contributions2$261,745-

Audited Revenue Reconciliation

Revenue per Audited Statements
$722,806
Revenue Not Reported on Financial Statements
$631,747
Revenue Not Reported on Form 990
$1,031,401
Other Revenue Adjustments
$631,747
Total Revenue per Audited Statements
$1,754,207
Total Revenue per Form 990
$1,354,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$610,578
Other Expenses$281,529
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$603,418--$603,418
Office Expenses-$99,705-$99,705
Information Technology-$80,431-$80,431
Fees for Services Accounting-$45,506-$45,506
Other Expenses-$20,585-$20,585
Advertising-$13,243-$13,243
Grants to Domestic Individuals$7,160--$7,160
Total Functional Expenses$610,578$281,529$0$892,107

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,507,492
Expenses per Audited Statements$892,107
Total Expenses per Form 990$892,107
Expenses Not Reported on Form 990$615,385
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Adventist Midwest HealthLa Grange, IL501(c)(3)General Support$362,566
Adventist Glenoaks HospitalGlendale Heights, IL501(c)(3)General Support$218,741
Adventist Bolingbrook HospitalBolingbrook, IL501(c)(3)General Support$17,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$112,492
Fundraising Gross Income$66,165
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event Midwest$379,243$63,555$31,794$31,761
Fall Festival Glenoaks$38,819$2,610$2,326$284
Total Events$418,062$66,165$112,492$-46,327
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$27,606
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The filing organization's current year form 990 was reviewed by the vice president of the filing organization prior to its filing with the irs. The review conducted by the vice president of the foundation did not include the review of any supporting workpapers that were used in preparation of the current year form 990, but did include a review of the entire form 990 and all supporting schedules.

Form 990, Part VI, Section B, Line 12C

The board/officer conflict-of-interest policy of the filing organization applies to members of its board of directors and its principal officers (to be known as interested persons). In connection with any actual or possible conflicts of interest, any member of the board of directors of the filing organization or any principal officer of the filing organization (i.e. Interested persons) must disclose the existence of any financial interest with the filing organization and must be given the opportunity to disclose all material facts concerning the financial interest/arrangement to the board of directors of the filing organization or to any members of a committee with board delegated powers that is considering the proposed transaction or arrangement. Subsequent to any disclosure of any financial interest/arrangement and all material facts, and after any discussion with the relevant board member or principal officer, the remaining members of the board of directors or committee with board delegated powers shall discuss, analyze, and vote upon the potential financial interest/arrangement to determine if a conflict of interest exists. According to the filing organization's conflict of interest policy, an interested person may make a presentation to the board of directors (or committee with board delegated powers), but after such presentation, shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in a conflict of interest. Each interested person, as defined under the filing organization's conflict of interest policy, shall annually sign a statement which affirms that such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the filing organization is a charitable organization that must primarily engage in activities which accomplish one or more of its exempt purposes. The filing organization's conflict of interest policy also requires that periodic reviews shall be conducted to ensure that the filing organization operates in a manner consistent with its charitable purposes.

Form 990, Part VI, Section C, Line 19

The filing organization does not generally makes its governing documents, conflict of interest policy or financial statements available to the public.

FORM 990, PART VIII - STATEMENT OF REVENUE:

In the year ended december 31, 2024, restricted funds of the filing organization were released from those restrictions in the amount of $631,747. These released funds were utilized for the following purposes: grants to the supported hospital organizations $508,997 hardship grants to individual employees of the supported hospital organizations $7,160 special event and other expenditures $115,590 total current year amounts released from restricted $631,747 in the year ended december 31, 2024, unrestricted funds of the filing organization in the amount of $96,020 were utilized for the following purposes: grants to the supported hospital organizations $93,000 other expenditures $3,020 total current year expenditures from unrestricted funds $96,020

Filing and Contact Details

Filer

Filer Name
Midwest Health Foundation
EIN
35-2230515
Phone
6303127504
Address
120 N OAK STREET, HINSDALE, IL 60521

Signing Officer

Name
Meghan Moreno
Title
Vice President
Phone
2242734113
Signed
2025-11-07

Organization Details

Principal Officer
Monica Reed Md
Formed
2004
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
68
Supplemental Narrative

Additional Explanations

FORM 990, PART X, LINE 2:

The amounts shown on line 2 of part x of this return include the filing organization's interest in a central investment pool maintained by adventist health system sunbelt healthcare corporation, the top-tier partial parent of the filing organization's supported hospitals. The investments in the central investment pool are recorded at market value.

FORM 990, PART XI, LINE 9:

Temporarily restricted contributions 221,398. Temporarily restricted investment income 194,618. Transfer of net assets released from restrictions -631,747.

Financial Statement Notes

PART V, LINE 4:

The permanent endowment was transferred from la grange memorial hospital foundation as the result of a legal merger. The filing organization was the sole member of la grange memorial hospital foundation prior to the merger. Effective 6/21/19, la grange memorial hospital foundation was legally merged into the filing organization pursuant to the laws of the state of illinois. The permanent endowment represents a scholarship fund established to support nursing scholarships.

PART X, LINE 2:

The audited financial statments of the filing organization contain the following fin 48 (asc no. 740) statement: midwest and hinsdale have been determined to be exempt from income tax under section 501(c)(3) of the internal revenue code, and accordingly, no provision has been made for either federal or state income taxes. Midwest and hinsdale have evaluated the tax positions taken for all open tax years. Currently, the returns for the prior three fiscal years are open and subject to examination by the internal revenue service; however, midwest and hinsdale are not currently under audit nor has midwest or hinsdale been contacted by this jurisdiction.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 112,492. Restricted contributions 221,398. Net investment income with donor restrictions 194,618.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Transfer of net assets from restricted fund balance 631,747.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense reclassed to revenue 112,492.

Raw XML AppendixShowing 400 of 635 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm15ROSE KENNETH
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (END 12/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR (END 03/2024)
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0CONDUCT FUND-RAISING AND OTHER PHILANTHROPIC ACTIVITIES IN SUPPORT OF AND FOR THE BENEFIT OF THREE AFFILIATED TAX-EXEMPT HOSPITAL ORGANIZATIONS AND ONE RELATED TAX-EXEMPT FOUNDATION ORGANIZATION.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0261745
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt099705
IRS990/OfficeExpensesGrp/TotalAmt099705
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt060944
IRS990/OtherAssetsTotalGrp/EOYAmt013431
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IRS990/OtherExpensesGrp/Desc0PURCHASED SERVICES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120585
IRS990/OtherExpensesGrp/TotalAmt022059
IRS990/OtherExpensesGrp/TotalAmt120585
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt085685
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt085685
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027606
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
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IRS990ScheduleD/OtherRevenuesNotIncludedAmt0631747
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PERMANENT ENDOWMENT WAS TRANSFERRED FROM LA GRANGE MEMORIAL HOSPITAL FOUNDATION AS THE RESULT OF A LEGAL MERGER. THE FILING ORGANIZATION WAS THE SOLE MEMBER OF LA GRANGE MEMORIAL HOSPITAL FOUNDATION PRIOR TO THE MERGER. EFFECTIVE 6/21/19, LA GRANGE MEMORIAL HOSPITAL FOUNDATION WAS LEGALLY MERGED INTO THE FILING ORGANIZATION PURSUANT TO THE LAWS OF THE STATE OF ILLINOIS. THE PERMANENT ENDOWMENT REPRESENTS A SCHOLARSHIP FUND ESTABLISHED TO SUPPORT NURSING SCHOLARSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE AUDITED FINANCIAL STATMENTS OF THE FILING ORGANIZATION CONTAIN THE FOLLOWING FIN 48 (ASC NO. 740) STATEMENT: MIDWEST AND HINSDALE HAVE BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. MIDWEST AND HINSDALE HAVE EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, MIDWEST AND HINSDALE ARE NOT CURRENTLY UNDER AUDIT NOR HAS MIDWEST OR HINSDALE BEEN CONTACTED BY THIS JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 112,492. RESTRICTED CONTRIBUTIONS 221,398. NET INVESTMENT INCOME WITH DONOR RESTRICTIONS 194,618.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3TRANSFER OF NET ASSETS FROM RESTRICTED FUND BALANCE 631,747.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4SPECIAL EVENT EXPENSE RECLASSED TO REVENUE 112,492.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:

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