2026-07-13T10:03:33+00:00 2025-08-31 346565596 ERNST & YOUNG US LLP 155 N WACKER DRIVE CHICAGO IL 60606 990 2024-09-01 363152959 Northwestern Memorial HealthCare NORT 3129264237 541 N Fairbanks Ct 1630 Chicago IL 606113319 JOHN ORSINI EVP & CFO 3129264237 2026-07-13 true JESSICA A WAGENER P01622613 3128792000 2026-07-13 2024 2025-03-06 01:10:19Z Howard B Chrisman MD 251 E Huron St Chicago IL 60611 2072709389 false 5878 X www.nm.org X 1982 IL Northwestern Memorial HealthCare's exempt purpose is to provide support to its hospitals, physician care practices, its Foundation and their affiliates. 22 16 5309 0 73010365 6800626 481578 6301532 1686233414 1852434973 553867658 899592829 18488135 14700727 2259070785 2773030061 35993607 39323069 0 787753646 785961438 0 0 977902399 1120688253 1801649652 1945972760 457421133 827057301 15237001285 16786135308 11560565901 12459242410 3676435384 4326892898 WE ARE AN ORGANIZATION OF CAREGIVERS WHO ASPIRE TO CONSISTENT, HIGH STANDARDS OF QUALITY, COST-EFFECTIVENESS AND PATIENT SATISFACTION. WE SEEK TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE BY DELIVERING A BROAD RANGE OF SERVICES WITH SENSITIVITY TO THE INDIVIDUAL NEEDS OF OUR PATIENTS AND THEIR FAMILIES. WE ARE BONDED IN AN ESSENTIAL ACADEMIC AND SERVICE RELATIONSHIP WITH FEINBERG SCHOOL OF MEDICINE OF NORTHWESTERN UNIVERSITY. THE QUALITY OF OUR SERVICES IS ENHANCED THROUGH THEIR INTEGRATION WITH EDUCATION AND RESEARCH IN AN ENVIRONMENT THAT ENCOURAGES EXCELLENCE OF PRACTICE, CRITICAL INQUIRY AND LEARNING. false false 1682110187 39323069 1866944576 NORTHWESTERN MEMORIAL HEALTHCARE (NMHC) IS THE NOT-FOR-PROFIT CORPORATE DIRECT OR INDIRECT PARENT OF NORTHWESTERN MEMORIAL HOSPITAL (NMH), NORTHWESTERN LAKE FOREST HOSPITAL (NLFH), CENTRAL DUPAGE HOSPITAL ASSOCIATION (CDHA), DELNOR-COMMUNITY HOSPITAL (DCH), VALLEY WEST COMMUNITY HOSPITAL (VWCH), KISHWAUKEE COMMUNITY HOSPITAL (KCH), MARIANJOY REHABILITATION HOSPITAL & CLINICS (MJHRH), NORTHERN ILLINOIS MEDICAL CENTER (NIMC), PALOS COMMUNITY HOSPITAL (PCH), NORTHWESTERN MEDICAL FACULTY FOUNDATION, CENTRAL DUPAGE PHYSICIAN GROUP, AND THEIR VARIOUS AFFILIATES AS LISTED IN THIS FORM 990, SCHEDULE R. WORKING TOGETHER UNDER THE BRAND NORTHWESTERN MEDICINE, NMHC AND NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE (FEINBERG) SHARE A VISION TO TRANSFORM MEDICAL CARE THROUGH CLINICAL INNOVATION, BREAKTHROUGH RESEARCH AND ACADEMIC EXCELLENCE TO MAKE A POSITIVE DIFFERENCE IN PEOPLE'S LIVES AND THE HEALTH OF OUR COMMUNITIES. NMHC PROVIDES COMPREHENSIVE INPATIENT CARE AT ELEVEN HOSPITAL FACILITIES. AMONG THESE ELEVEN FACILITY LOCATIONS, THREE HOSPITALS IN THE NORTHWEST SUBURBS OPERATE UNDER A SINGLE LICENSE AS NORTHERN ILLINOIS MEDICAL CENTER. AS THE PARENT OF THE NORTHWESTERN MEMORIAL HEALTH SYSTEM, NMHC PROVIDES GOVERNANCE SUPPORT AND CENTRALIZED SERVICES TO THE SYSTEM AS A WHOLE. NMHC IS POSITIONED TO ADVANCE GROUNDBREAKING WORK THAT CAN ONLY BE ACCOMPLISHED WITH THE RESOURCES OF AN INTEGRATED ACADEMIC MEDICAL HEALTH SYSTEM. AS AN INTEGRATED ACADEMIC MEDICAL HEALTH SYSTEM, NMHC CAN TAKE ACTION BEYOND PROVIDING CLINICAL CARE. WORKING WITH SCIENTISTS AND EXPERTS IN PUBLIC HEALTH, WE ARE STRIVING TO DETERMINE ROOT CAUSES AND DEVELOP SOLUTIONS TO ERADICATE SOME OF THE MOST WIDESPREAD, GROWING AND COMPLEX PUBLIC HEALTH ISSUES FACING THE UNITED STATES TODAY - FROM CHRONIC DISEASES INCLUDING CARDIOVASCULAR DISEASE, CANCER AND DIABETES, TO THE UNDERLYING CAUSES OF OBESITY, POOR MENTAL HEALTH AND PERSISTENT VIOLENCE IN OUR COMMUNITIES. NMHC SUPPORTS SOME OF THE NATION'S MOST ADVANCED RESEARCH PROGRAMS, LED BY PHYSICIAN SCIENTISTS AT FEINBERG, WHO ARE PUSHING THE BOUNDARIES OF SCIENCE AND MEDICINE THROUGH NATIONALLY RECOGNIZED RESEARCH PROGRAMS AS WELL AS ENTIRELY NEW SCIENTIFIC DISCIPLINES THAT ARE PIONEERING DIRECTIONS FOR PREVENTING AND CURING DISEASE. 1682110187 true true false true false false false false false false true true false true true true false true false false true false false false false false false true true false true true true false false false false false true false false false false false false true true true true false false true 576 0 true 5309 true true true false false false false false false false false false true false X 22 16 true false false false false false false true true false false false true true true true true true true true false false IL X Robert Gerecke 3129269495 541 N Fairbanks Ct Rm 1630 Chicago IL 60611 Group Number 5878 Per regulation 1.6033-2(D)(5), This data is found on the group return 0 X 0 0 0 0 0 0 0 false false false Per Regulation 16033-2(D)(5) This information is found on the group return (Group #5878) 541 N Fairbanks Ct Ste 1630 Chicago IL 606113319 0 4646314 1655218 6301532 Registration & Fees 561000 1512042601 1512042601 Underwriting 561000 228909620 228909620 Quality Improvement Programs 561000 13112279 13112279 Professional Service Fees 561000 4780359 4780359 Management Services 561000 88402 88402 93501712 93501712 0 0 1852434973 199272157 73010365 126261792 191124 191124 0 191124 191124 0 -700320672 700320672 0 700320672 700320672 SYSTEM DISCOUNTS AND REBATES 900099 14509603 14509603 0 0 0 0 14509603 2773030061 1866944576 73010365 826773588 X 39293069 39293069 30000 30000 31065790 27083263 3982527 12044644 10500562 1544082 585405101 516457554 68947547 26026444 22689944 3336500 94833818 82676445 12157373 36585641 31895486 4690155 2523500 2523500 2596504 2596504 2556596 2556596 87560 87560 45686061 45686061 395970655 350552711 45417944 0 12556456 631569 11924887 31774573 14039585 17734988 7796101 7001258 794843 40276916 17502082 22774834 3006347 1477606 1528741 4333917 2421102 1912815 44618016 44618016 76518710 76518710 318115922 318115922 RESEARCH & EDUCATION SUPPORT 118264960 113364727 4900233 Bad Debt 163456 98619 64837 Income Taxes 1119683 1119683 Medical Supplies 970392 970392 11751928 4084005 7667923 0 1945972760 1682110187 263862573 0 28097799 74775249 940412596 1176075965 264224 51727 1564356 7855217 0 0 0 0 2302411 1478150 107557940 102982918 1607699337 768529890 815315082 839169447 3905281142 3901045661 6360843673 7121947869 340872703 341971115 2734489359 3218781990 15237001285 16786135308 4489939456 5316169767 61497325 72832342 0 613600 1699274173 1670717026 0 0 181200000 126200000 5128654947 5272709675 11560565901 12459242410 X 3676435384 4326892898 3676435384 4326892898 15237001285 16786135308 X 827057301 382024370 -558624157 X false true true true true X X 9 NORTHWESTERN LAKE FOREST HOSPITAL 362179779 3 true 0 86809389 NORTHWESTERN MEMORIAL HOSPITAL 370960170 3 true 0 410263163 CENTRAL DUPAGE HOSPITAL ASSOCIATION 362513909 3 true 0 179284107 DELNOR-COMMUNITY HOSPITAL 363484281 3 true 0 67653167 KISHWAUKEE COMMUNITY HOSPITAL 237087041 3 true 0 45554123 MARIANJOY REHABILITATION HOSPITAL AND CLINICS INC 362680776 3 true 0 17105012 VALLEY WEST COMMUNITY HOSPITAL 364244337 3 true 0 8187396 NORTHERN ILLINOIS MEDICAL CENTER 362338884 3 true 0 102978317 PALOS COMMUNITY HOSPITAL 362169179 3 true 0 87321383 9 0 1005156057 true false false false false true false false false false false false false false false true true true X true true Schedule A, Part I, Line 12 LINE 12G, COLUMNS V & VI THE ORGANIZATION EXISTS SOLELY TO SUPPORT THE MISSION AND OPERATIONS OF ITS SUPPORTED ORGANIZATIONS AND THEIR AFFILIATES, WHICH ARE ALL PART OF THE SAME INTEGRATED HEALTH CARE SYSTEM. AS A RESULT, ALL OF ITS ACTIVITIES AND EXPENSES DIRECTLY OR INDIRECTLY SUPPORT ITS SUPPORTED ORGANIZATIONS. SUPPORT INCLUDES INFORMATION SERVICES, LEGAL, GOVERNMENT AND COMMUNITY RELATIONS, SUPPLY CHAIN MANAGEMENT AND PURCHASING, HUMAN RESOURCES, FINANCIAL PLANNING, REPORTING AND INTERNAL AUDIT, INVESTMENT MANAGEMENT, REAL ESTATE MANAGEMENT, MARKETING, COMMUNICATIONS AND MEDIA RELATIONS, MANAGED CARE, QUALITY, REVENUE CYCLE MANAGEMENT, MEDICAL AFFAIRS AND RESEARCH, GOVERNANCE AND CORPORATE INTEGRITY, INSURANCE CLAIMS AND RISK MANAGEMENT, ANALYTICS, INNOVATION, INTEGRATION AND PERFORMANCE AMONG OTHER SHARED SERVICES. Schedule A, Part IV, Section D, Line 2 SECTION D, LINE 2 THE CORPORATION SHARES SOME BOARD OVERLAP WITH SOME OF ITS SUPPORTED ORGANIZATIONS. THE CORPORATION ALSO HAS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH ITS SUPPORTED ORGANIZATIONS, AS IT SERVES AS THE DIRECT OR INDIRECT SOLE CORPORATE MEMBER OF ALL OF ITS SUPPORTED ORGANIZATIONS. Schedule A, Part V, Section E Line 3a SECTION E, LINE 3A & 3B AS THE DIRECT OR INDIRECT SOLE CORPORATE MEMBER OF ITS SUPPORTED ORGANIZATIONS, THE CORPORATION HAS ULTIMATE AUTHORITY TO APPOINT ALL MEMBERS OF THEIR RESPECTIVE BOARDS OF DIRECTORS. IN ADDITION, THE CORPORATION AS SOLE MEMBER HAS ULTIMATE AUTHORITY OVER ALL POLICIES, PROGRAMS, AND ACTIVITIES OF EACH OF ITS SUPPORTED ORGANIZATIONS. Schedule A, Part IV, Section A, Line 6 Support to other supported orgs NMHC PROVIDED GRANT FUNDS TO NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE AS INDICATED ON SCHEDULE I. SUPPORT IS ALSO PROVIDED PER SCHEDULE I DETAIL TO ORGANIZATIONS SERVING ANCILLARY NEEDS TO THE HEALTH SYSTEM OR TO THAT OF NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE. Schedule A, Part IV, Section D, Line 3 Supp. Org. Have Significant Voice In Investment Policies THE CORPORATION SERVES AS THE DIRECT OR INDIRECT SOLE CORPORATE MEMBER OF ALL ITS SUPPORTED ORGANIZATIONS, WHICH FURTHERS THE ACCOUNTABILITY WITHIN THE INTEGRATED HEALTH SYSTEM AS A WHOLE. ALL OF THE CORPORATION'S SUPPORTED ORGANIZATIONS HAVE A SIGNIFICANT VOICE IN THE CORPORATION'S OPERATIONS, THROUGH THEIR SHARED COMMON OFFICERS AND MANAGEMENT REPORTING STRUCTURES. AUTHORITY TO APPOINT ALL OF THE OFFICERS AND DIRECTORS OF SUPPORTED ORGANIZATIONS, AND DIRECTION OVER POLICIES, PROGRAMS, AND ACTIVITIES OF SUPPORTED ORGANIZATIONS. Schedule A, Part IV, Section E, Line 3a Organization have the power to regularly appoint or elect a NMHC as sole member of its supported organizations may exercise its reserved powers by taking either of the following actions: (a) The board of directors of the member may act on the members behalf in exercising the members reserved powers over this corporation. The action of the board of directors of the member may be communicated in writing to the chair of the board, the president and chief executive officer, or the secretary of the corporation by any reasonable means. (b) The board of directors of the member may by resolution appoint any two (2) officers of the member to act on the members behalf, and such authorization may be general or limited to specific instances. In the absence of such resolution, the president and chief executive officer and the treasurer of the member may act together on behalf of the member without action by the board of directors of the member. The appropriate officers of the member shall execute and deliver to the chair, the president and chief executive officer or the secretary of the corporation a written instrument or instruments setting forth the action taken and the authorizations or directions from the board of directors of the member to such officers, If applicable The action of the member shall be deemed to have been taken on the dates the written instruments are so delivered unless the instruments provide otherwise. Schedule A, Part IV, Section E, Line 3b Substantial Direction Over Policies/Programs/Activities NMHC APPOINTED OFFICERS WERE INVOLVED IN REVIEWING THE PERFORMANCE OF EACH SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 87560 654835 87560 654835 1945885200 10980944999 1945972760 10981599834 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 597052 646363 615016 654835 2513266 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 48521754 48521754 400595980 87050433 313545547 833507913 650134670 183373243 325073690 31344787 293728903 839169447 7121947869 F 7121947869 INSURANCE RECOVERABLE 157119911 SECTION 457-B PLAN ASSET 111068852 OTHER ASSETS 335048090 I/C RECEIVABLE 2615545137 3218781990 7612385 Federal Income Taxes 7612385 ACCRUED BOND INTEREST 3878442 EST THIRD PARTY PAYOR SETTLEMT 2714085 SELF INSURANCE RESERVES 1219874834 INTEREST RATE SWAPS 28391092 SECTION 457-B AND PENSION PLAN 129208414 OTHER 3725972351 LEASE OBLIGATIONS 100035096 STATE TAX LIABILITY 313132 COMMERCIAL PAPER 54709844 5272709675 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote ASC 740, Income Taxes, requires that realization of an uncertain income tax position is more likely than not (i.e. greater than 50% likelihood of receiving a benefit) before it is recognized in the financial statements as the amount most likely to be realized assuming a review by tax authorities having all relevant information and applying current conventions. This interpretation also clarifies the financial statement classification of tax-related penalties and interest and sets forth new disclosures regarding unrecognized tax benefits. No amount was recorded for the years ended August 31, 2025 or 2024. Europe (Including Iceland and Greenland) 0 0 Program Services SEND AGENTS TO SEMINAR 40907 North America (Canada & Mexico only) 0 0 Program Services SEND AGENTS TO SEMINAR 2046 Central America and the Caribbean 0 0 Investments 4471489857 Europe (Including Iceland and Greenland) 0 0 Investments 247519433 East Asia and the Pacific 0 0 Investments 36933661 Sub-Saharan Africa 0 0 Investments 357586 East Asia and the Pacific 0 0 Program Services SEND AGENTS TO SEMINAR 4062 North America (Canada & Mexico only) 0 0 Investments 3660330 0 0 0 0 0 0 4760007882 0 4760007882 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SUB-SAHARAN AFRICA-Accrual true NORTHWESTERN UNIVERSITY 750 N LAKE SHORE DRIVE CHICAGO IL 60611 362167817 501(c)3 38734681 ACADEMIC SUPPORT NAPLES CHILDREN EDUCATION FND 2590 GOODLETTE FRANK RD NORTH NAPLES FL 34103 651001650 501(c)3 50000 COMMUNITY SUPPORT THE FACIAL PAIN RESEARCH FOUNDATION 2653 SW 87th Dr Gainesville FL 32608 821317992 501(c)3 50000 RESEARCH SUPPORT NATIONAL MULTIPLE SCLEROSIS SOCIETY 733 THIRD AVENUE NEW YORK NY 10017 135661935 501(c)3 45000 RESEARCH AND EDUCATION THE EXECUTIVES CLUB OF CHICAGO 425 S Financial Pl Chicago IL 60605 361054078 501(c)6 45000 COMMUNITY SUPPORT AMERICAN HEART ASSOCIATION INC 7272 GREENVILLE AVE DALLAS TX 75231 135613797 501(c)3 35000 RESEARCH AND EDUCATION BIG SHOULDERS FUND 212 W Van Buren St Chicago IL 60607 363490557 501(c)3 35000 COMMUNITY WELLNESS WORLD BUSINESS CHICAGO 180 N LaSalle St Chicago IL 60601 364313685 501(c)3 35000 COMMUNITY SUPPORT NATIONAL PARKINSON FOUNDATION 5757 Waterford District Dr Miami FL 33126 131866796 501(c)3 30000 RESEARCH AND EDUCATION COMMERCIAL CLUB FOUNDATION PO Box 735168 Chicago IL 60673 363406446 501(c)3 29268 COMMUNITY SUPPORT EPILEPSY FOUNDATION OF GREATER CHICAGO 17 N STATE ST CHICAGO IL 60602 362317619 501(c)3 25000 RESEARCH AND EDUCATION STREETERVILLE ORGANIZATION OF ACTIVE RESIDENTS 835 N MICHIGAN AVE SPACE 8032 CHICAGO IL 60611 363421394 501(c)3 25000 COMMUNITY SUPPORT MAKING KANE COUNTY FIT FOR KIDS 1240 N HIGHLAND AVE AURORA IL 60506 820791501 501(c)3 20000 COMMUNITY HEALTH AND EDUCATION THE CIVIC FEDERATION 10 N Dearborn St Chicago IL 60602 362170124 501(c)3 20000 COMMUNITY SUPPORT CHICAGOFIRST 17 E Monroe CHICAGO IL 60603 202787459 501(c)6 18500 COMMUNITY SUPPORT TRINITY CHRISTIAN COLLEGE ASSOCIATION 6601 W COLLEGE DR PALOS HEIGHTS IL 60463 362387148 501(c)3 15000 EDUCATION SUPPORT CHICAGOLAND CHAMBER OF COMMERCE 410 N Michigan Ave CHICAGO IL 60611 360896000 501(c)6 10120 COMMUNITY SUPPORT DUPAGE BIZ dba CHOOSE DUPAGE 2001 BUTTERFIELD RD DOWNERS GROVE IL 60515 320177792 501(c)6 10000 ECONOMIC DEVELOPMENT UNITED WAY OF METRO 222 MERCHANDISE MART PLAZA CHICAGO IL 60654 300200478 501(c)3 10000 ACCESS TO PROGRAMS FOR THE UNDERSERVED NORTHERN ILLINOIS FOOD BANK 273 Dearborn Ct Geneva IL 60134 363203648 501(c)3 8000 NUTRIONAL FOOD FOR THOSE IN NEED ACTIVE TRANSPORTATION ALLIANCE 35 E Wacker Dr Chicago IL 60601 363385886 501(c)3 7500 COMMUNITY SUPPORT DANNY DID FOUNDATION 3008 Central St Evanston IL 60201 271642251 501(c)3 7500 COMMUNITY HEALTH AND EDUCATION MERCY HOME FOR BOYS & GIRLS 1140 W Jackson Blvd Chicago IL 60607 362171726 501(c)3 7500 COMMUNITY SUPPORT 23 4 SCHOLARSHIPS 12 30000 Schedule I, Part III, Column (b) Estimated Number Of Recipients SCHOLARSHIPS : actual Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds The Northwestern Medicine health system (Northwestern Medicine, or NM) contributes financial support to tax-exempt organizations and other agencies which support our mission to improve the health and quality of life for those within our communities. Northwestern Medicine provides continuing support to Northwestern University in support of the research and education mission of the Feinberg School of Medicine. In addition, grants and donations to other organizations are primarily administered through the NM Community Affairs team, which maintains detailed records and internal control procedures to ensure grant recipients are qualified, award amounts are documented, and selection criteria are clear. For larger donations awarded through the formal application process, the community health need to be addressed is identified and a written grant agreement is created, incorporating a budget, expected measurable outcomes and the time period for spending the grant dollars. Recipients agree to abide by the budget and all relevant policies in effect at Northwestern Medicine. Grant expenditures are monitored for compliance with their respective agreements to ensure that budgets are followed and expenses are appropriate. At the end of each budget period, the grant recipient is required to submit a written narrative and financial report outlining project accomplishments and how the grant dollars were expended. Requests for donations of $10,000 or less are evaluated to ensure that the donations will have a positive impact on the health and well-being of our communities in addressing an identified community health need. In addition, Northwestern Medicine may also provide grants or donations to other organizations which are charitable in nature and provide support to the communities which we serve. A Illinois Finance Authority 861091967 000000000 2011-08-05 127150000 REFUND SERIES 2004A BONDS false false false B Illinois Finance Authority 861091967 45203HZS4 2014-06-11 197757179 DEVELOP A THIRD SYSTEM HOSPITAL true false false C Illinois Finance Authority 861091967 000000000 2015-10-01 232015000 REFINANCE 2015A BONDS AND ADVANCE REFUND SERIES 2007A BONDS true false false D Illinois Finance Authority 861091967 45204EA40 2017-12-19 790239841 CONSTRUCTION OF HEALTH FACILITY, REFUNDS A PORTION OF 2009 BONDS (NMH AND CDH) AND 2009B BONDS (CDH) false false false A 24025000 127150000 127150000 2007 true false true true B 161345000 197943098 13770879 2235438 181936645 136 2016 false false true true C 202970000 233197752 1149829 232047973 2010 true true true true D 106840000 806468849 5352623 185000000 616116226 2018 false true true true A false false true true true true 0.0 0.0 0.0 false false 0 false true B false false true true true true 0.0 0.0 0.0 false false 0 false true C false false true true true true 0.0 0.0 0.0 false false 0 false true D false false true true true true 0.0 0.0 0.0 false false 0 false true A false false true true true false 0 false false false 0 false false true B false false false true true false 0 false false false 0 false false true C false false false true true false 0 false false false 0 false true true D false false false true true false 0 false false false 0 false true true A true B true C true D true Schedule K, Part I, Column (d) Line A THE 2011A BONDS AND THE 2011B BONDS WERE REISSUED FOR FEDERAL INCOME TAX PURPOSES ON AUGUST 29, 2019. THE 2011B BONDS, TOGETHER WITH THE 2014B BONDS AND THE 2017B BONDS, WERE REISSUED FOR FEDERAL INCOME TAX PURPOSES ON DECEMBER 15, 2022. Schedule K, Part I, Column (d) Line B THE 2014B BONDS, TOGETHER WITH THE 2011B BONDS AND THE 2017B BONDS, WERE REISSUED FOR FEDERAL INCOME TAX PURPOSES ON DECEMBER 15, 2022. Schedule K, Part I, Column (d) Line D THE 2017B BONDS, TOGETHER WITH THE 2011B BONDS AND THE 2014B BONDS, WERE REISSUED FOR FEDERAL INCOME TAX PURPOSES ON DECEMBER 15, 2022. Schedule K, Part II, Line 2 Column B $131,055,000 (2014A) defeased in August of 2021. $1,325,000 matured 9/1/2021, $1,385,000 matured 9/1/2022, $1,440,000 matured 09/1/2023 and $2,240,000 matured 09/1/2024 and $124,665,000 was redeemed 09/1/2024. Amounts were moved to Line 1 and are considered "retired". Schedule K, Part II, Line 2 Column C $37,530,000 (2015F) was spent from escrow in October of 2021 Schedule K, Part II, Line 3 Bond Total Proceeds The total proceeds of issues reported at Part II, Line 3, exceed the issue price of Part I due to interest earnings related to the issues Schedule K, Part IV, Line 2c Column C ISSUER NAME: ILLINOIS FINANCE AUTHORITY THE CALCULATION FOR COMPUTING NO REBATE DUE WAS MOST RECENTLY PERFORMED ON 11/20/2025 FOR THE FUTURE REPORTING PERIOD ENDING ON 08/31/2026. Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 10/25/2024 Schedule K, Part IV, Line 2c COLUMN B Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 07/01/2024 Schedule K, Part IV, Line 2c COLUMN C Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 10/12/2020 Schedule K, Part IV, Line 2c COLUMN D Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 02/02/2023 A Illinois Finance Authority 861091967 45204FMD4 2021-08-18 519820648 REDEEM SERIES 2010C,2015B,2015C,2015D,2007A1-4, AND 2008A1-2 BONDS AND DEFEASE 2015F BONDS false false false A 4380000 519820648 4075 519816573 2016 true false true true A false false true true true true 0.0 0.0 0.0 false false 0 false true A false true false false true false 0 false false false 0 false false true A true KELLY FLESCH EMPLOYEE OF THE ORGANIZATION AND DAUGHTER OF WILLIAM P. FLESCH, A DIRECTOR OF NMHC 180151 COMPENSATION false GREG RASOR EMPLOYEE OF THE ORGANIZATION AND SON OF DANAE K. PROUSIS, A FORMER OFFICER OF NMHC 104477 COMPENSATION false Form 990, Part VI, Line 2 Family/business relationships amongst interested persons TIMOTHY P. SULLIVAN AND JOHN A. CANNING, JR - Business relationship, JOHN A. CANNING, JR AND J. CHRISTOPHER REYES - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS GENERATED INTERNALLY BY THE FINANCE DEPARTMENT WITH SUPPORT FROM VARIOUS DEPARTMENTS WITHIN THE ORGANIZATION. VARIOUS SECTIONS OF THE FORM WERE REVIEWED BY SENIOR MANAGEMENT OF NORTHWESTERN MEMORIAL HEALTHCARE ("NMHC"), AS THE PARENT ORGANIZATION, AND VARIOUS COMMITTEES. FOR EXAMPLE, THE CHIEF INTEGRITY EXECUTIVE REVIEWED DISCLOSURES FOR RELATED PARTY TRANSACTIONS, THE TAX AND REGULATORY REVIEW COMMITTEE REVIEWED THE COMMUNITY BENEFIT REPORT THAT DESCRIBES THE EXEMPT PURPOSE ACHIEVEMENTS, AND LOBBYING EXPENDITURES WERE REVIEWED BY THE VP EXTERNAL AFFAIRS. THE EXECUTIVE COMPENSATION SUBCOMMITTEE OF THE BOARD OF DIRECTORS OF NMHC WAS PROVIDED THE COMPENSATION DISCLOSURES. THE ORGANIZATION THEN WORKED WITH A NATIONAL, INDEPENDENT PUBLIC AUDITING AND ACCOUNTING FIRM AS PAID PREPARER OF THE FORM FILING. THE FINAL FORM WAS REVIEWED BY MEMBERS OF THE FINANCE DEPARTMENT PRIOR TO REVIEW BY THE NMHC VICE PRESIDENT, FINANCE AND THE NMHC SENIOR VP AND CHIEF FINANCIAL OFFICER. PRIOR TO FILING, THE COMPLETED FORM WAS PROVIDED TO THE BOARD OF DIRECTORS THROUGH A SECURE WEBSITE. Form 990, Part VI, Line 12c Conflict of interest policy NORTHWESTERN MEMORIAL HEALTHCARE (NMHC) MAINTAINS BOTH A CONFLICT OF INTEREST POLICY AND AN INTERMEDIATE SANCTIONS POLICY. THESE POLICIES HAVE BEEN APPROVED BY ITS BOARD OF DIRECTORS AND APPLY TO ALL ENTITIES, DIRECTORS, OFFICERS, EMPLOYEES AND TRANSACTIONS WHICH TAKE PLACE WITHIN THE NMHC SYSTEM. THE POLICIES WERE WRITTEN TO ASSIST BOARD MEMBERS AND MANAGEMENT WITH THE IDENTIFICATION OF THOSE TRANSACTIONS THAT WARRANT ATTENTION AND CONSIDERATION TO ENSURE PROPER ADHERENCE TO THE TAX LAWS IMPACTING TAX-EXEMPT ORGANIZATIONS. THE CONFLICT OF INTEREST POLICY REQUIRES COMPLETION OF AN ANNUAL CERTIFICATION WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED, READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY, HAS AGREED TO COMPLY, HAS DISCLOSED ANY MATTERS REQUIRED TO BE DISCLOSED UNDER THE POLICY, AND AGREES TO REPORT ANY CHANGES PROMPTLY TO THE CHIEF INTEGRITY EXECUTIVE. ONCE THE ANNUAL CERTIFICATIONS ARE COMPLETE, THE CHIEF INTEGRITY EXECUTIVE REVIEWS THE DISCLOSURES FOR COMPLIANCE WITH THE POLICY. Form 990, Part VI, Line 15a Process to establish compensation of top management official AS A MEMBER OF THE NORTHWESTERN MEMORIAL HEALTHCARE ORGANIZATION, NMHC IS INCLUDED IN THE OVERALL BOARD-LED EXECUTIVE COMPENSATION REVIEW AND APPROVAL PROCESS. THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION AT NORTHWESTERN MEMORIAL COMPLIES WITH IRS GUIDELINES FOR TAX-EXEMPT ORGANIZATIONS; IS DETERMINED BY A SEPARATE COMMITTEE OF THE BOARD OF DIRECTORS WHOSE MEMBERS ARE ALL INDEPENDENT AND UNPAID; AND IS ANNUALLY EVALUATED IN THE CONTEXT OF COMPENSATION DATA GATHERED BY EXTERNAL CONSULTANTS FROM A PEER GROUP COMPRISED OF SIMILARLY SITUATED HEALTHCARE ORGANIZATIONS; AND ALL COMPENSATION DECISIONS AND SUPPORT ARE RECORDED IN THE MINUTES OF THE COMMITTEE'S MEETINGS. IN ADDITION, A SIGNIFICANT PORTION OF COMPENSATION IS AT RISK AND IS PAYABLE ONLY UPON ACHIEVEMENT OF A BROAD ARRAY OF DIFFICULT PERFORMANCE GOALS TIED TO THE STRATEGIC VISION OF NORTHWESTERN MEDICINE AND ACHIEVEMENT OF ITS TAX-EXEMPT PURPOSES. THE BOARD PLACES A HIGH PRIORITY ON ITS ABILITY TO RECRUIT AND RETAIN A STRONG LEADERSHIP TEAM TO ENSURE WE SERVE OUR MISSION AND ACHIEVE OUR GOALS. THE OFFICERS OF NORTHWESTERN MEMORIAL HEALTHCARE ALSO FULFILL OFFICER AND EXECUTIVE FUNCTIONS FOR NMHC'S SUBSIDIARIES. ALL OF THE COMPENSATION DISCLOSED IN THE GROUP RETURN IS ALLOCATED TO THE SUBSIDIARIES. Form 990, Part VI, Line 15b Process to establish compensation of other employees SEE ABOVE RESPONSE TO 15A Form 990, Part VI, Line 19 Required documents available to the public THE CORPORATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE CONSOLIDATED FINANCIAL STATEMENTS OF NORTHWESTERN MEMORIAL HEALTHCARE AND SUBSIDIARIES ARE AVAILABLE ON THE HEALTH SYSTEM WEBSITE, NM.ORG. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE FROM THE ILLINOIS ATTORNEY GENERAL'S OFFICE AS PART OF ITS ANNUAL COMMUNITY BENEFITS REPORT AND THROUGH THE ELECTRONIC MUNICIPAL MARKET ACCESS SYSTEM OF THE MUNICIPAL SECURITIES RULEMAKING BOARD. Form 990, Part VIII, Line 2f Other Program Service Revenue All Other - Total Revenue: 93501712, Related or Exempt Function Revenue: 93501712, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Line 11g Other Fees PURCHASED SERVICES - Total Expense: XXX-XX-XXXX, Program Service Expense: XXX-XX-XXXX, Management and General Expenses: 30097924, Fundraising Expenses: ; PURCHASED MEDICAL SERVICES - Total Expense: 63084541, Program Service Expense: 55850326, Management and General Expenses: 7234215, Fundraising Expenses: ; CONSULTANT FEES - Total Expense: 6811173, Program Service Expense: 6030102, Management and General Expenses: 781071, Fundraising Expenses: ; COLLECTION AGENCY COMMISSION - Total Expense: 9100629, Program Service Expense: 8057015, Management and General Expenses: 1043614, Fundraising Expenses: ; PRECOLLECTION FEES - Total Expense: 5259552, Program Service Expense: 4656413, Management and General Expenses: 603139, Fundraising Expenses: ; AGENCY HANDLING - Total Expense: 4202038, Program Service Expense: 3720170, Management and General Expenses: 481868, Fundraising Expenses: ; COURIER SERVICES - Total Expense: 4914930, Program Service Expense: 4351311, Management and General Expenses: 563619, Fundraising Expenses: ; PROFESSIONAL SERVICES - Total Expense: 27889760, Program Service Expense: 24691504, Management and General Expenses: 3198256, Fundraising Expenses: ; LEADERSHIP EXP - Total Expense: 9245615, Program Service Expense: 8185375, Management and General Expenses: 1060240, Fundraising Expenses: ; ALL OTHER - Total Expense: 2999413, Program Service Expense: 2645415, Management and General Expenses: 353998, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances change in FV of split-interest agreement - 7541970; Change in Investment Pool - -29123518; Change in Pension Obligation - -29188; Transfers from NMHC - -XXX-XX-XXXX; Total - -XXX-XX-XXXX; 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