Edward Health Ventures
Edward Health Ventures reported $187.6 million in revenue and $273.0 million in expenses for calendar year 2024. Of every $100 it spent, $94.41 went to program services, $5.59 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: 99.6% of the total. The highest compensation it reported for one person was $5,191,626 (System President & CEO). 598 people received more than $100,000 in reportable compensation. Revenue rose 53% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $273MFor 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 $188MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.4% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.6% | 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 | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.6% | 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) | 1.90% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 598 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -1.4 | 6.6 |
| Independent voting board members Part VI 1a–1b | 10 of 15 | 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 expenseEdward Health Ventures offers physician services in primary care, obstetrics, medical oncology, rheumatology, neuroscience, nephrology, psychiatry, hospitalists and a variety of surgical specialties. Edward medical group and elmhurst memorial medical group are comprised of 38 physician practices in the western suburbs of chicago, including naperville, aurora, bolingbrook, plainfield, crest hill, lisle, warrenville, oswego, sandwich, yorkville, sycamore, elmhurst, and oak park. Edward Health Ventures operates 6 walk-in clinics in naperville, aurora, woodridge, yorkville, plainfield, and…
Edward Health Ventures provides access to medical services at convenient locations by operating medical office buildings in naperville, plainfield, bolingbrook, oswego and elmhurst. It has approximately 30 medical office tenants including a number of edward hospital programs. The expansion of the edward plainfield campus includes offering physician and other related health care services including medical oncology from edward cancer center, edward perinatology center, edward hospital physical therapists and behavioral health professionals from linden oaks medical group and independent…
Highest 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 & CEO 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 |
| Physician Highest compensated employee, 40.0 hrs/week | $1,866,825 | $0 | $51,372 | $1,918,197 |
| President, South Region/Trustee Director/trustee, officer, 1.0 hrs/week | $0 | $1,104,597 | $372,142 | $1,476,739 |
| Physician Highest compensated employee, 40.0 hrs/week | $1,418,156 | $0 | $25,392 | $1,443,548 |
| Physician Highest compensated employee, 40.0 hrs/week | $1,342,546 | $0 | $53,574 | $1,396,120 |
| Physician Highest compensated employee, 40.0 hrs/week | $1,299,468 | $0 | $23,844 | $1,323,312 |
| Physician Highest compensated employee, 40.0 hrs/week | $1,223,586 | $0 | $39,920 | $1,263,506 |
598 people received more than $100,000 in reportable compensation from Edward Health Ventures (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.1M (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–1b15 · 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 4No
- 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 51,838
- Volunteers Part I, line 610
Correct a figure or respond
Every number above is copied from Edward Health Ventures's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Edward Health Ventures, you can publish a response that is linked from this page.
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Of every $100 Edward Health Ventures spent in 2024, $94.41 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Edward Health Ventures's spending goes to programs?
In calendar year 2024, Edward Health Ventures reported that 94.4% of its $273.0 million in expenses went to program services, 5.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Edward Health Ventures pay its top executive?
The largest total compensation Edward Health Ventures reported for one person in calendar year 2024 was $5,191,626, for the role of System President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Edward Health Ventures get its money?
Of $187.6 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 99.6% from program service revenue (Form 990, Part VIII).
Is Edward Health Ventures a registered charity?
The IRS lists EIN 58-1672987 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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 202523219349314172 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403199349313040 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349318346 · read the filing
- FY2021 (6 mo.): Form 990 for the 6-month short period ending December 31, 2021, object 202243159349305069 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221309349305607 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111309349302906 · read the filing
All filings for EIN 58-1672987: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.