Civic Intelligence

University of Chicago Medical Ctr

EIN 36-3488183 • 501(c)3 • Chicago, IL

Profile

See Part III Line 1 Schedule O

5841 South Maryland Avenue MC 1086Chicago, IL 60637

www.uchospitals.edu

Siviq Scores

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

Liabilities / Assets

67th percentile

0.45x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.67x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

57th percentile

8.5%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

75th percentile

$3,820,320

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

60th percentile

9.5%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

11%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

$4,767,527,210

No earlier filing loaded for comparison.

Liabilities

$2,156,241,897

No earlier filing loaded for comparison.

Net Assets

$2,611,285,313

No earlier filing loaded for comparison.

Revenue

$3,211,988,766

No earlier filing loaded for comparison.

Expenses

$2,938,267,455

No earlier filing loaded for comparison.

Net Income

$273,721,311

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$6.0B$4.0B$2.0B$0Assets 2010: $1,844,298,844Liabilities 2010: $903,707,108Net Assets 2010: $940,591,7362010Assets 2011: $2,301,309,199Liabilities 2011: $1,136,334,376Net Assets 2011: $1,164,974,8232011Assets 2012: $2,453,848,224Liabilities 2012: $1,324,494,765Net Assets 2012: $1,129,353,4592012Assets 2013: $2,532,650,699Liabilities 2013: $1,294,960,788Net Assets 2013: $1,237,689,9112013Assets 2014: $2,657,042,492Liabilities 2014: $1,315,140,565Net Assets 2014: $1,341,901,9272014Assets 2015: $2,802,567,788Liabilities 2015: $1,441,021,377Net Assets 2015: $1,361,546,4112015Assets 2016: $2,826,657,751Liabilities 2016: $1,511,004,566Net Assets 2016: $1,315,653,1852016Assets 2017: $3,312,944,895Liabilities 2017: $1,554,062,164Net Assets 2017: $1,758,882,7312017Assets 2018: $3,393,264,859Liabilities 2018: $1,550,081,169Net Assets 2018: $1,843,183,6902018Assets 2019: $3,515,079,330Liabilities 2019: $1,627,363,828Net Assets 2019: $1,887,715,5022019Assets 2020: $3,830,593,784Liabilities 2020: $1,950,693,977Net Assets 2020: $1,879,899,8072020Assets 2024: $4,767,527,210Liabilities 2024: $2,156,241,897Net Assets 2024: $2,611,285,3132024

Highlighted filing

2024

Assets$4,767,527,210
Liabilities$2,156,241,897
Net Assets$2,611,285,313

Operations Trend

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

$4.0B$3.0B$2.0B$1.0B$0Expenses 2010: $1,101,353,1822010Expenses 2011: $1,152,587,9412011Expenses 2012: $1,170,540,5872012Expenses 2013: $1,258,408,5342013Revenue 2014: $1,495,659,513Expenses 2014: $1,380,953,577Net Income 2014: $114,705,9362014Revenue 2015: $1,610,586,783Expenses 2015: $1,462,222,877Net Income 2015: $148,363,9062015Revenue 2016: $1,628,646,283Expenses 2016: $1,512,965,995Net Income 2016: $115,680,2882016Revenue 2017: $1,777,882,463Expenses 2017: $1,648,673,312Net Income 2017: $129,209,1512017Revenue 2018: $1,906,204,967Expenses 2018: $1,774,662,015Net Income 2018: $131,542,9522018Revenue 2019: $2,078,533,366Expenses 2019: $1,932,594,122Net Income 2019: $145,939,2442019Revenue 2020: $2,229,814,021Expenses 2020: $2,091,967,757Net Income 2020: $137,846,2642020Revenue 2024: $3,211,988,766Expenses 2024: $2,938,267,455Net Income 2024: $273,721,3112024

Highlighted filing

2024

Revenue$3,211,988,766
Expenses$2,938,267,455
Net Income$273,721,311

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4,768$2,156$2,611$3,212$2,938$274
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,831$1,951$1,880$2,230$2,092$138
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,515$1,627$1,888$2,079$1,933$146
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3,393$1,550$1,843$1,906$1,775$132
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,313$1,554$1,759$1,778$1,649$129
2016Detailed filing. Detailed filing data is available for this year.$2,827$1,511$1,316$1,629$1,513$116
2015Detailed filing. Detailed filing data is available for this year.$2,803$1,441$1,362$1,611$1,462$148
2014Detailed filing. Detailed filing data is available for this year.$2,657$1,315$1,342$1,496$1,381$115
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,533$1,295$1,238$1,258
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,454$1,324$1,129$1,171
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,301$1,136$1,165$1,153
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,844$904$941$1,101
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$1,906,620,719
Mission and Program Overview

Mission

See Part III Line 1 Schedule O

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,436,385,545$1,404,888,548▼ $31,496,997
Investments in Publicly Traded Securities$570,077,119$555,563,133▼ $14,513,986
Investments Other Securities$440,020,704$450,990,390▲ $10,969,686
Investments Program Related$328,567,994$329,351,135▲ $783,141
Accounts Receivable$391,030,810$306,872,029▼ $84,158,781
Savings and Temporary Cash Investments$13,714,660$181,243,101▲ $167,528,441
Inventories for Sale or Use$34,816,174$41,594,825▲ $6,778,651
Prepaid Expenses and Deferred Charges$16,262,849$30,441,171▲ $14,178,322
Pledges and Grants Receivable$3,619,268$2,486,922▼ $1,132,346
Intangible Assets$1,325,765$1,637,421▲ $311,656
Cash and Non-Interest-Bearing Accounts$6,860$245,419▲ $238,559
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,312,944,895$3,393,264,859▲ $80,319,964
Other Assets Total$77,117,147$87,950,765▲ $10,833,618
Liabilities
Tax Exempt Bond Liabilities$900,337,992$881,586,818▼ $18,751,174
Other Liabilities$488,338,411$501,108,609▲ $12,770,198
Accounts Payable and Accrued Expenses$165,385,761$167,385,742▲ $1,999,981
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$1,554,062,164$1,550,081,169▼ $3,980,995
Net Assets / Fund Balance
Unrestricted Net Assets$1,651,285,685$1,732,388,267▲ $81,102,582
Temporarily Rstr Net Assets$90,348,526$93,536,903▲ $3,188,377
Permanently Rstr Net Assets$17,248,520$17,258,520▲ $10,000
Total Net Assets Fund Balance$1,758,882,731$1,843,183,690▲ $84,300,959
Total Liabilities and Net Assets / Fund Balance$3,312,944,895$3,393,264,859▲ $80,319,964

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,129,149,499$539,701,761$1,668,851,260
Equipment$230,209,876$403,190,351$633,400,227
Land$45,131,924-$45,131,924
Other Land Buildings$397,249$24,435,432$24,832,681
Investment Program Related Org$5,481,550--
Other Securities$952,434--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$906,336,000$10,000▲ $54,480,000$42,025,000$918,801,000
2016$879,941,000$15,612,000▲ $81,095,000$70,312,000$906,336,000
2015$996,140,000$10,000▼ $20,784,000$95,425,000$879,941,000
2014$1,004,247,000$32,010,000▲ $29,574,000$68,913,000$996,140,500
2013$782,006,000$156,715,000▲ $110,458,000$44,121,000$1,004,247,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sharon O'KeefePresidentFT$1,087,914$1,206,780$2,294,694
Charlie BrownVP Revenue CycleFT$339,052$725,147$1,064,199
Eric YablonkaVP & Chief Information OfficerFT$374,021$642,364$1,016,385
Krista CurellVP Risk, Pt Safety & CCOFT$323,559$670,025$993,584
Jason KeelerChief Operating OfficerFT$548,861$413,387$962,248
James WatsonVP & Chief Financial OfficerFT$47,376$912,752$960,128
John SatalicVP & General CounselFT$454,356$498,467$952,823
Gary GasbarraVP FinanceFT$355,193$591,474$946,667
Audre G BagnallExec VP, Bus Develop, CSOFT$499,676$431,070$930,746
Debra AlbertSenior VP Pt Care & CNOFT$446,843$409,991$856,834
Robert HanleyVP Chief Human ResourcesFT$424,484$366,353$790,837
Grace SuhPhysicianFT$375,575$371,674$747,249
Brooke PhillipsPhysicianFT$382,000$348,441$730,441
Sunil NarulaPhysicianFT$379,839$338,132$717,971
Daryl WilkersonVP Support ServicesFT$308,734$388,397$697,131
Benjamin GibsonVP Govt AffairsFT$284,397$402,825$687,222
Brenda BattleVP Urban Hlth, Asst Dean DvstyFT$327,088$346,559$673,647
Mayumi FukuiVP Managed Care & Prgrm DvlpmnFT$345,727$323,316$669,043
Mumtaz DarbarVP Clin Prctc & Vice DeanFT$416,835$192,826$609,661
Marco CapicchioniVP Facilities Planning/DevelopFT$350,862$239,951$590,813
Johnathan StegnerVP Supply Chain & LogisticsFT$280,993$254,872$535,865
William HidlayVice President, Chief MarketinFT$322,481$212,773$535,254
Jane BlumenthalPhysicianFT$428,218$96,567$524,785
Vikram V AcharyaVP Clinical ServicesFT$320,276$199,921$520,197
Ann McColganVP Chief Treasury OfficerFT$239,709$265,262$504,971
Ellen FeinsteinVice President, Cancer ServiceFT$293,062$187,882$480,944
Patrick M IdemotoVP Network DevelopmentFT$322,764$157,644$480,408
Richard W SilveriaChief Financial OfficerFT$290,850$178,179$469,029
Kevin ColganVP Chief Pharmacy OfficerFT$270,552$177,955$448,507
Amit JoshiPhysicianFT$322,813$119,067$441,880
Karen StrattonVP, Women/Children's ServicesFT$18,851$315,815$334,666
Jennifer HillBoard Sec/Dean Chief of StaffFT$177,617$45,921$223,538
Cristal ThomasVP, Community Hlth EngagementFT$137,583$141,508$141,508

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
University Of ChicagoPhysician Services6054 S DREXEL AVE SUITE 342, Chicago, IL 60637$241,867,287
Leopardo Companies INCConstruction5200 PRAIRIE STONE PARKWAY, Hoffman Estates, IL 60192$20,214,476
Gilbane Building CompanyConstruction7 JACKSON WALKWAY, Providence, RI 02903$8,935,602
Epic Systems CorpSoftware/consultingBOX 88314, Milwaukee, WI 53288$8,017,322
Amn Healthcare INC NursingPhysician ServicesFILE 56157, Los Angeles, CA 90074$7,956,473
Revenue and Support

Revenue Composition

Contributions and Grants
$3,932,938
Program Service Revenue
$1,851,063,119
Investment Income
$50,731,686
Other Revenue
$477,224
All Other Contributions
$3,565,263
Change in Net Assets
$131,542,952

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,893,370,549
Revenue Not Reported on Financial Statements
$12,834,418
Revenue Not Reported on Form 990
$387,045,690
Other Revenue Adjustments
$9,186,982
Total Revenue per Audited Statements
$2,280,416,239
Total Revenue per Form 990
$1,906,204,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,003,685,333
Salaries, Compensation, and Employee Benefits$770,976,682
Total Fundraising Expense$3,064,119
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$551,936,132$44,752,833$1,886,174$598,575,139
Fees for Services Other$272,459,311$25,239,522-$297,698,833
Depreciation Depletion$108,633,353--$108,633,353
Other Employee Benefits$76,640,043$731,236$395$77,371,674
Payroll Taxes$39,767,157$4,700,529$25,217$44,492,903
All Other Expenses$27,638,562$10,573,564$1,012,380$39,224,506
Interest$34,983,071$3,444,911-$38,427,982
Other Expenses$30,681,965$1,253,314-$31,935,279
Pension Plan Contributions$28,492,801$3,367,886$18,068$31,878,755
Occupancy$18,094,206$1,054,937$27,540$19,176,683
Current Officers, Directors, Trustees, and Key Employees$6,404,065$12,254,146-$18,658,211
Office Expenses$15,410,081$2,478,805$93,653$17,982,539
Information Technology$17,140,802$545,150-$17,685,952
Insurance$10,500,918--$10,500,918
Advertising-$6,536,180-$6,536,180
Fees for Services Management$4,317,469--$4,317,469
Fees for Service Investment Mgmnt Fees-$3,647,436-$3,647,436
Fees for Services Legal-$2,947,466-$2,947,466
Travel$1,169,399$863,396$692$2,033,487
Fees for Services Lobbying-$954,002-$954,002
Fees for Services Accounting-$545,277-$545,277
Total Functional Expenses$1,645,674,048$125,923,848$3,064,119$1,774,662,015

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,179,239,393
Total Expenses per Form 990$1,774,662,015
Expenses per Audited Statements$1,771,014,579
Expenses Not Reported on Form 990$408,224,814
Expenses Not Reported on Financial Statements$3,647,436
International Activity

International Summary

Spending
$431,189

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaProgram ServicesMarketing--$273,284
East Asia and the PacificProgram ServicesMarketing--$138,972
Europe (Including Iceland and Greenland)Program ServicesMarketing--$18,933
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$415,752
Fundraising Gross Income$107,376
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$174,209$62,424$75,791$-13,367
Comer 5K race$231,786$7,566$305,522$-297,956
Total Events$475,050$107,375$415,752$-308,377
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
See Schedule L Part V----

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$200,543,822
Malpractice Liability$103,810,050
Swap Interest$97,298,494
Capital Lease$49,631,900
Due to University of Chicago$34,895,257
Pension Liability$9,147,086
Self Insurance Liability$5,782,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
CIllinois Finance Authority 2016b2016-11-02$178,143,217Redemption of Bonds (2009C and 201
AIllinois Finance Authority 09b2010-04-08$85,785,000Redeem Earlier Bonds (1994 & 1998)
CIllinois Finance Authority 2012a (2001)2012-06-02$80,945,011Redeem Earlier Bonds (2001 Series)
DILLINOIS FINANCE AUTHORITY 13a2013-01-24$75,000,000Construction, Equipment and Capita
BIllinois Finance Authority 09a2010-04-08$69,045,000Redeem Earlier Bonds (1994 & 1998)
CIllinois Finance Authority 09e2009-08-20$60,000,000Construction, Equipment and Capita
AIllinois Finance Authority 11a2011-05-20$46,250,000Construction, Equipment and Capita
BIllinois Finance Authority 11b2011-05-20$46,250,000Construction, Equipment and Capita
CIllinois Finance Authority 10a2010-11-09$46,250,000Construction, Equipment and Captia
DIllinois Finance Authority 10b2010-11-09$46,250,000Construction, Equipment and Capita
AIllinois Finance Authority 09d2009-08-20$35,000,000Construction, Equipment and Capita
BIllinois Finance Authority 2009d2009-08-20$35,000,000Construction, Equipment and Capita
AIllinois Finance Authority 152015-03-12$24,579,646Partial Redemption of Bonds (2009C
BIllinois Finance Authority 2016a2016-11-02$22,641,914Partial Redemption of Bonds (2009B
DIllinois Finance Authority 09e2009-08-20$10,000,000Construction, Equipment and Capita

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$178,143,217$0$0$1,862,421
B$89,965,722$89,119,999$24,194,894$845,723
C$80,945,011$79,674,588$0$1,270,423
A$75,194,738$74,280,000$0$914,738
D$75,000,000$0$0$342,423
C$60,000,000$0$0$486,338
A$46,250,000$0$0$413,179
B$46,250,000$0$0$413,719
C$46,250,000$0$0$470,234
D$46,250,000$0$0$450,333
A$35,000,000$0$0$283,697
B$35,000,000$0$0$283,697
B$27,641,914$0$0$213,091
A$24,579,646$24,194,894$0$384,652
D$10,000,000$0$0$81,057

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990 Part VI Line 6

The sole member of ucmc is the university of chicago, a not-for-profit entity. Ucmc provides healthcare, research, and education primarily on the university campus, and the bulk of its medical staff members are university of chicago faculty. Ucmc is the sole member of ucmc community physicians. Ucmc is also the sole member of university of chicago care network, llc, which in turn is the sole member of both ucm care network medical group, inc. And ucm care network affiliated physicians, llc.

Form 990 Part VI Line 7A & 7B

PURSUANT TO UCMC BYLAWS, EX-OFFICIO MEMBERS OF THE UCMC BOARD OF TRUSTEES ARE THE PRESIDENT OF THE UNIVERSITY, THE CHAIR OF THE UNIVERSITY'S BOARD, THE PROVOST OF THE UNIVERSITY, THE DEAN OF THE BIOLOGICAL SCIENCES DIVISION AND PRITZKER SCHOOL OF MEDICINE, WHO IS ALSO THE EXECUTIVE VICE PRESIDENT FOR MEDICAL AFFAIRS OF THE UNIVERSITY OF CHICAGO. THE UNIVERSITY OF CHICAGO APPOINTS ALL TRuSTEES, APPOINTS ONE MEMBER OF THE AUDIT COMMITTEE, APPROVES THE UCMC BUDGET AND PROPOSALS FOR LARGE EXPENDITURES, AND APPROVES THE UCMC LONG-TERM STRATEGIC PLAN. THE DEAN APPOINTS THE PRESIDENT, SUBJECT TO THE CONSENT OF THE BOARD'S EXECUTIVE COMMITTEE, AND, AFTER CONSULTATION WITH THE UCMC PRESIDENT, APPOINTS THE CHIEF FINANCIAL OFFICER. THE COMPENSATION COMMITTEE INCLUDES THE DEAN, A TRUSTEE APPOINTED BY THE UNIVERSITY OF CHICAGO, AND THE CHAIRMAN OF THE UCMC BOARD, WHO IS ALSO A UNIVERSITY OF CHICAGO TRUSTEE. THE UNIVERSITY OF CHICAGO MAY AMEND OR REPEAL THE UCMC BYLAWS, AND MUST APPROVE UCMC BOARD ACTION. THE BOARD CHAIR IS ELECTED BY THE UNIVERSITY FROM AMONG THE TRUSTEES THAT ARE ALSO UNIVERSITY TRUSTEES. THE UNIVERSITY SELECTS THE TRUSTEES TO REPLACE THOSE TRUSTEES WHOSE TERMS ARE EXPIRING. THE UNIVERSITY PRESIDENT, UNIVERSITY BOARD CHAIR, AND UNIVERSITY PROVOST ARE EX-OFFICIO MEMBERS OF THE UCMC BOARD. THE DEAN OF THE UNIVERSITY'S BIOLOGICAL SCIENCES DIVISION IS THE EXECUTIVE VICE PRESIDENT OF MEDICAL AFFAIRS FOR THE UNIVERSITY OF CHICAGO.

Form 990 Part VI Line 11B

At its regularly scheduled meeting, the compensation committee of the board of trustees was provided a draft copy of portions of the form 990. At its regularly scheduled meeting, the audit committee was provided a draft copy of the entire form. In addition, ucmc provided a copy of the form 990 to all ucmc board members before the form 990 was filed through a secure website, to which all board members have access.

Form 990 Part VI Line 12C

UCMC HAS HAD A ROBUST CONFLICTS OF INTEREST POLICY FOR EMPLOYEES, OFFICERS, AND TRUSTEES FOR MANY YEARS. THE POLICY CONTAINS CERTAIN PROHIBITIONS AS WELL AS DISCLOSURE REQUIREMENTS, AND ENCOURAGES QUESTIONS DIRECTED TO THE COMPLIANCE OFFICE AND LEGAL AFFAIRS. DURING THIS TAX YEAR, UCMC CONTINUED ITS PRACTICE OF SURVEYING TRUSTEES, OFFICERS, MANAGERIAL EMPLOYEES, AND INFLUENTIAL MEDICAL STAFF MEMBERS, SEEKING DISCLOSURES OF VARIOUS RELATIONSHIPS, INCLUDING RELATIONSHIPS DISCLOSED IN THIS FOrM 990. IN ADDITION, CERTAIN CHAIRS OF COMMITTEES, SUCH AS THE PHARMACY AND THERAPEUTICS COMMITTEE OF THE MEDICAL STAFF, AT MONTHLY MEETINGS ASK FOR ORAL DISCLOSURES OF POTENTIAL CONFLICTS. UPON REQUEST, THE COMPLIANCE OFFICER AND THE OFFICE OF LEGAL AFFAIRS PROVIDE EDUCATIONAL SESSIONS. UCMC NOTES THAT RESEARCHER CONFLICTS ARE MANAGED BY THE UNIVERSITY OF CHICAGO.

Form 990 Part VI Line 15A & 15B

The ucmc compensation committee of the board of trustees (the committee) is responsible for the oversight of ucmc's executive compensation decision-making process. Its review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness (under intermediate sanctions regulations) with respect to the total compensation and benefits provided. The committee is comprised of independent members of the board of trustees who are "disinterested" within the meaning of intermediate sanctions regulations. It reviews and approves compensation and employee benefits provided to ucmc's president and vice presidents by following its written executive compensation philosophy statement and written compensation review process, which includes seeking counsel from outside professional advisors and relying in advance on appropriate comparability data (for functionally similar positions at similarly situated healthcare organizations) provided by an independent third-party consultant. The committee reviews and approves all new compensation ranges, as well as current packages for newly hired executives, as needed, but no less frequently than annually. It prepares a timely and thorough written record of its deliberations and conclusions. The compensation of the dean and executive vice president for medical affairs, who is an employee of the university of chicago, is reviewed and approved by the university of chicago board of trustees' compensation committee.

Form 990 Part VI Line 19

Ucmc's bylaws, conflict of interest policies, and financial statements are available to the public upon request. In addition, audited financials are available to the public through the electronic municipal market access website, and the following documents were, as of the time of completion of this question, on ucmc's website: -university of chicago medicine unaudited financial information -utilization statistics -2018 audited financial statements -2017 audited financial statements -2016 audited financial statements -2015 audited financial statements -2014 audited financial statements -2013 audited financial statements -2012 audited financial statements

Form 990 Part VII Line Section B Line 1

The amount listed for four of the top five independent contractors include a combination of payment for services (a significant portion of payment) as well as payment for goods, capital items and other non-service components provided by the contractor.

Filing and Contact Details

Filer

Filer Name
University of Chicago Medical Ctr
EIN
36-3488183
In Care Of
% Justin Kats
Phone
7737021998
Address
5841 South Maryland Avenue MC 1086, Chicago, IL 60637

Signing Officer

Name
Richard Silveria
Title
Evp and CFO
Phone
7737021000
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rich Silveria
Formed
1986
Legal Domicile
Il
Voting Board Members
53
Independent Board Members
46
Employees
9,346
Volunteers
985

Preparer

Firm
Kpmg Llp
Address
191 West Nationwide Blvd Ste 500, Columbus, OH 43215-2568
Preparer
Mollie P Longhouse
Phone
6142492300
Supplemental Narrative

Additional Explanations

Form 990 Part I LINE 1 AND PART III Line 1

Our mission is to provide superior health care in a compassionate manner, ever mindful of each patient's dignity and individuality. To accomplish our mission, we call upon the skills and expertise of all who work together to advance medical innovation, serve the health needs of the community and further the knowledge of those dedicated to caring. Our purposes are to assist and aid the sick, injured and convalescent, to prevent and cure disease and suffering; to provide health care, advice and services; to train and educate, and assist in any manner in the education or training of, persons in or associated with the medical profession or associated with any aspect of health care; to engage in medical and basic biological research; to build, maintain and conduct, and to assist in any manner in building, maintaining and conducting, hospitals, clinics, dispensaries, sanatoria and research and educational institutions; and to provide a setting appropriate for education, training and research activities in medicine and the health sciences.

Form 990 Part III Line 4A

The university of chicago medical center ("ucmc") is a nationally recognized leader in patient care, research and medical education. Renowned for treating some of the most complex medical cases, ucmc brings the very latest medical treatments to patients in chicago's south side community, and throughout the world. In this way, ucmc furthers its commitment to patient care, clinical practice and community health. Ucmc partners with the university of chicago physicians and the pritzker school of medicine to educate the next generation of physicians and other health care professionals. The medical center is a leading provider of complex care in the state of illinois and ucmc is the largest provider of medicaid services (by admissions and patient days) on the south side of chicago and one of the largest in the state of illinois. Ucmc provides a substantial amount of care for which it does not receive payment. For fiscal year 2018, ucmc provided $ 18,192,000 in charity care and incurred losses on government programs of $190,112,000, and incurred uncompensated charges-or bad debt-of $27,243,000. Ucmc also incurred $70,287,000 in unreimbursed education expenses during fy 2018, provided research support of $48,000,000 and $5,452,000 for other programs. Adult patient care in the center for care and discovery ("ccd") and bernard a. Mitchell hospital in february 2013, ucmc opened the center for care and discovery, a new 10-story hospital that serves as the new core of the ucmc campus. The new hospital is 1.2 million square feet and contains 240 single-occupancy inpatient rooms, including 52 intensive care beds, 21 operating rooms with leading-edge technology, and 7 advanced imaging suites for interventional procedures. The ccd provides a home for complex specialty care with a focus on cancer, gastrointestinal disease, neuroscience, advanced surgery, and high-technology medical imaging. The facility is designed for family-centered care and improved communication among all members of the patients' care teams. Bernard a. Mitchell hospital ("mitchell"), which was built in 1983, continues to operate 228 inpatient beds and includes the emergency department and arthur rubloff intensive care tower. Mitchell also houses the university of chicago medical center burn and electrical trauma units and intensive care units for transplantation, neurology and neurosurgery, cardiothoracic care, general surgery, and general medicine patients. Ucmc houses one of only two burn units in chicago, at which ucmc provides care to critically-injured adult and pediatric patients, many of whom spend months in this intensive care facility. In addition, during fy 2018, ucmc began providing level 1 adult trauma care to the south side of chicago, extending trauma care to a community from which approximately 50% of trauma cases in the city originate. In its new state of the art trauma center, ucmc provides trauma surgery, acute care surgery and critical care surgery to treat injuries including burns; blunt trauma, and penetrating trauma typically seen with gunshots and stab wounds. The medical center offers world-class transplantation programs in several areas, including transplantation of the liver, kidney, pancreas, lung, heart, bone marrow and other tissues, multiple-organ transplantation, and research in transplant immunology. Ucmc performed 156 organ transplants in fy 2018 and 166 bone marrow or stem cell transplant procedures for the treatment of various cancers for both adult and pediatric patients. In addition, ucmc is one of a select group of medical centers in the united states who led clinical trials into car t-cell therapies for specific types of blood cancers and ucmc was the first site in the country to be fda-approved for car t-cell therapies for both adult and pediatric patients. In fy 2018, ucmc performed 20 car t-cell therapies. Ucmc admitted or observed almost just under 35,000 adult patients in fiscal year 2018 with over 410,000 adult and pediatric visi

Chicago Comer Childrens Hospital

As a major tertiary referral center, the university of chicago comer children's hospital sees children with medical problems that range from some of the most common to some of the most complex in its 155 bed, seven-story facility, which opened in february 2005. Families of these pediatric patients can stay at the 30,000 square-foot ronald mcdonald house on campus, which ucmc built and opened in december 2007. Over 6,500 children were admitted or observed as patients to comer children's hospital in fiscal year 2018 from the chicago area, the midwest, and around the world. In fy 2018, ucmc's outpatient clinics accommodated over 39,000 specialty pediatric visits in its ambulatory care facility and over 33,000 visits were made to the comer pediatric emergency room. Additionally, in an effort to ensure patients and their families who are receiving care at comer children's hospital do not suffer from hunger or the inability to purchase food, the comer food pantry alleviates food insecurity for patient families at the comer children's hospital. Comer children's hospital is staffed by approximately 140 physicians from the department of pediatrics at the university, as well as specialty nurses and caring support staff. The teams of healthcare professionals-including medical students, residents and fellows-work together to provide general and specialty medical care for newborns to young adults. At comer children's hospital and through its outpatient clinics, children and teens receive advanced therapies in all clinical areas. Comer children's hospital is a pediatric level-i trauma center that treats children with severe injuries for emergency trauma care. Ucmc also cares for critically ill and injured children in its technologically advanced pediatric intensive care unit ("picu"). The 30-bed picu is fully equipped to treat children with multiple traumas, complex medical problems, and conditions requiring major surgery, including cardiac, transplant, and neurosurgery. In addition, 47 designated tertiary care (level iii) beds in the neonatal intensive care unit and 24 convalescent (level ii) beds in the transitional care unit provide premature and critically ill infants with the most advanced medical care and life support systems. At the comer children's hospital, infants who spend time in the nicu receive specialized follow-up care after they are discharged at its center for healthy families ("center"). The center uses a multidisciplinary care approach that includes general pediatricians, neonatologists, nurse educators, pediatric social workers, registered dietitians, occupational therapists, physical therapists, speech therapists and home health nurses. The center also draws on the expertise of other pediatric specialists as needed. The team addresses a host of concerns, including medical and physical needs, development, motor skills, speech, growth, nutrition, and the home environment. Team members are available by pager 24 hours a day and also teach parents how to give medications, monitor symptoms, and take other steps to meet their child's special needs. Sometimes, team members even visit the child's home to help parents and caregivers adapt to the physical and emotional environment to support the child's needs. Comer children's hospital serves as the center of a regional perinatal network that is responsible for the administration and implementation of the illinois department of public health's ("idph") regionalized perinatal health care program. In this role, ucmc provides twelve area hospitals with consultation as well as transport services for babies born in network hospitals, more than one-third of them considered high-risk. The network is committed to reducing fetal and infant mortality throughout the surrounding urban, suburban, and rural communities. Ucmc also provides leadership in the design and implementation of idph's continuous quality improvement program and participates in continuing education for other health profes

Form 990 Part XI Line 9

NET EQUITY TRANSFER TO UNIVERSITY OF CHICAGO: ($71,750,000) CHANGE IN ACCRUED PENSION BENEFITS OTHER THAN NET PERIODIC BENEFIT COSTS: ($7,852,749) HEDGE EFFECTIVENESS: $24,573,378 INCLUSION OF OF UCM CARE NETWORK AFFILIATED PHYSICIANS: $46,417 ------------------- Total: ($54,982,954)

Form 990 Part IX Line 11G

DESCRIPTION:Program support services TOTAL FEES:XXX-XX-XXXX

Form 990 Part IX Line 11G

DESCRIPTION:Physician services TOTAL FEES:71118034

Form 990 Part IX Line 11G

DESCRIPTION:Fee for services TOTAL FEES:20865909

Form 990 Part IX Line 11G

DESCRIPTION:Collection fees TOTAL FEES:6395778

Form 990 Part IX Line 11G

DESCRIPTION:Outside Lab Tests TOTAL FEES:5099314

Form 990 Part IX Line 11G

DESCRIPTION:Claims Expense TOTAL FEES:1409851

Form 990 Part IX Line 11G

DESCRIPTION:Security services TOTAL FEES:3807011

Form 990 Part IX Line 11G

DESCRIPTION:Laundry services TOTAL FEES:2912890

Form 990 Part IX Line 11G

DESCRIPTION:Bank fees TOTAL FEES:1241508

Form 990 Part IX Line 11G

DESCRIPTION:Billing services TOTAL FEES:1185362

Financial Statement Notes

Form Sch D Part X Line 2

UCMC APPLIES ASC NO. 740, INCOME TAXES (ASC 740), WhICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A COMPANY'S FINANCIAL STATEMENTS. ASC 740 PRESCRIBES A MORE-LIKELY THAN-NOT RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR ThE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITION TAKEN OR EXPECTED TO BE TAKEN. UNDER ASC 740, TAX POSITIONS ARE EVALUATED FOR RECOGNITION, DERECOGNITION, AND MEASUREMENT USING CONSISTENT CRITERIA AND PROVIDE MORE INFORMATION ABOUT THE UNCERTAINTY IN INCOME TAX ASSETS AND LIABILITIES. AS OF JUNE 30, 2018 AND 2017, UCMC DOES NOT HAVE AN ASSET OR LIABILITY RECORDED FOR UNRECOGNIZED TAX POSITIONS.

Form Sch D Part XI Line 2D

Restricted income used for operations $6,403,757 consolidated corporation revenue $7,770,264 elimination of title holding corp i & ii $1,583,256 intercompany expense eliminations ($4,953,924) ucm community health & hospital division $368,563,729 hedge effectiveness ($62,353) ------------- total $379,304,729

Form Sch D Part XI LINE 4B

Permanently restricted contributions $10,000 temporarily restricted contributions $3,824,939 investment gains on temporarily restricted contributions $5,767,795 special event expenses ($415,752) --------------- total $9,186,982

Form Sch D Part XII Line 2D

Consolidated corporation expenses $16,757,990 elimination of title holding corps i & ii $1,340,996 intercompany expense eliminations ($4,953,924) ucm community health & hospital division $394,664,000 special event expenses $415,752 ---------------- total $408,224,814

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