Swedish Covenant Health
Swedish Covenant Health reported $607.5 million in revenue and $540.5 million in expenses for calendar year 2024. Of every $100 it spent, $95.77 went to program services, $4.23 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.1% of the total. The highest compensation it reported for one person was $5,191,626 (System President and CEO). 320 people received more than $100,000 in reportable compensation. Revenue rose 96% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $541MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $607MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.8% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.2% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.5% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.5% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $5,191,626 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.96% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 320 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 6.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 10 of 17 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| System President and CEO Director/trustee, officer, 1.0 hrs/week | $0 | $3,559,263 | $1,632,363 | $5,191,626 |
| System Treasurer and CFO Officer, 1.0 hrs/week | $0 | $1,854,234 | $330,386 | $2,184,620 |
| Director Director/trustee, 1.0 hrs/week | $0 | $1,276,588 | $504,066 | $1,780,654 |
| Director Director/trustee, 1.0 hrs/week | $0 | $1,137,477 | $475,927 | $1,613,404 |
| System Chief Legal Officer/Secretary Officer, 1.0 hrs/week | $0 | $803,024 | $421,599 | $1,224,623 |
| Former Officer Former, 0.0 hrs/week | $1,029,884 | $0 | $43,941 | $1,073,825 |
| Director Director/trustee, 1.0 hrs/week | $0 | $919,581 | $40,078 | $959,659 |
| Director and President, Swedish Hospital Director/trustee, officer, 40.0 hrs/week | $587,344 | $0 | $142,895 | $730,239 |
320 people received more than $100,000 in reportable compensation from Swedish Covenant Health (Part VII, line 2). Compensation of current officers, directors and key employees totaled $779K (Part IX, line 5).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 52,479
- Volunteers Part I, line 678
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BEAR CONSTRUCTION COMPANY General contracting services | $4,035,386 |
| OBHG ILLINOIS PC Physician Services | $2,066,181 |
| AYA HEALTHCARE INC Nursing Agency | $1,627,582 |
| Continental Electrical Construction Company Electrical Construction Services | $1,382,321 |
| LANGUAGE LINE SERVICES Translation and Interpretation Service | $1,314,662 |
Individuals listed as contractors are left out. 41 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Swedish Covenant Health totaling $37 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Swedish Covenant Health's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Swedish Covenant Health, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Swedish Covenant Health spent in 2024, $95.77 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- McLaren FlintFlint, MI · revenue $607M · programs 77.7% · FY2025
- Silver Cross Hospital and Medical CentersNew Lenox, IL · revenue $608M · programs 95.2% · FY2025
- UMSJ Health System LLCTowson, MD · revenue $606M · programs 85.6% · FY2025
- Banner Medical GroupPhoenix, AZ · revenue $609M · programs 90.0% · 2024
- Bon Secours Charity Health System Affiliated GroupSuffern, NY · revenue $604M · programs 86.7% · 2024
Questions people ask
How much of Swedish Covenant Health's spending goes to programs?
In calendar year 2024, Swedish Covenant Health reported that 95.8% of its $540.5 million in expenses went to program services, 4.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Swedish Covenant Health pay its top executive?
The largest total compensation Swedish Covenant Health reported for one person in calendar year 2024 was $5,191,626, for the role of System President and CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Swedish Covenant Health get its money?
Of $607.5 million in revenue in calendar year 2024, 1.5% came from contributions and grants (including 1.5% from government grants) and 98.1% from program service revenue (Form 990, Part VIII).
Is Swedish Covenant Health a registered charity?
The IRS lists EIN 36-2179813 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533219349307903 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413199349316246 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313179349302596 · read the filing
- FY2021 (3 mo.): Form 990 for the 3-month short period ending December 31, 2021, object 202203199349323890 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212249349302001 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202142269349300304 · read the filing
All filings for EIN 36-2179813: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.