2026-05-14T17:08:23+00:00 2025-06-30 861065772 Deloitte Tax LLP 50 South Sixth Street Suite 2800 Minneapolis MN 55402 990 2024-07-01 363370216 Copley Ventures Inc co Rush Copley Medical Center COPL 6309786200 2000 Ogden Avenue Aurora IL 605044206 John Diederich President & CEO 6309784941 2026-05-14 true Anna Kolakaluri P01275237 6123974000 2026-05-14 2024 2025-03-06 01:10:19Z John Diederich 2000 Ogden Avenue Aurora IL 605044206 5234993 false X www.rushcopley.com X 1985 IL TO IMPROVE THE HEALTH OF THE INDIVIDUALS AND DIVERSE COMMUNITIES WE SERVE THROUGH THE INTEGRATION OF OUTSTANDING PATIENT CARE, EDUCATION, RESEARCH AND COMMUNITY PARTNERSHIPS. 3 0 152 24 6970 0 0 0 5301426 5179670 75 75 -220197 -289304 5081304 4890441 0 0 0 2274291 2175187 0 0 2441714 2405911 4716005 4581098 365299 309343 41400231 42587858 56263582 57141866 -14863351 -14554008 TO IMPROVE THE HEALTH OF THE INDIVIDUALS AND DIVERSE COMMUNITIES WE SERVE THROUGH THE INTEGRATION OF OUTSTANDING PATIENT CARE, EDUCATION, RESEARCH AND COMMUNITY PARTNERSHIPS. false false 3983690 5172700 COPLEY VENTURES, INC. ("CV") HOLDS TITLE TO PROPERTY FOR RENTAL PURPOSES. CV LEASES AND OPERATES OUTPATIENT CLINICS AND MEDICAL OFFICE BUILDINGS. CV OWNS THE RUSH-COPLEY HEALTHPLEX ("HEALTHPLEX"), WHICH IS A HEALTH AND FITNESS CENTER PROVIDING PREVENTIVE MEDICINE AND WELLNESS EDUCATION TO THE GENERAL PUBLIC. THE HEALTHPLEX OFFERS THE LATEST IN EXERCISE EQUIPMENT AND A STAFF OF CERTIFIED AND DEGREED PROFESSIONALS. THE HEALTHPLEX IS EQUIPPED WITH A THERAPY POOL AND EXERCISE EQUIPMENT TO REHABILITATE PATIENTS RANGING FROM CARDIAC PATIENTS TO PATIENTS WHO HAVE SPORTS INJURIES. THE HEALTHPLEX OFFERS A WIDE VARIETY OF ACTIVITIES TO MEMBERS OF ALL AGES AND ALL FITNESS LEVELS. THE HEALTHPLEX HAS DEVELOPED WELLNESS PROGRAMS AND SUPPORT GROUPS TO HELP MEMBERS ADJUST BOTH MENTALLY AND PHYSICALLY TO DIFFERENT HEALTH PROBLEMS. THE FOLLOWING IS A SAMPLE OF PROGRAMS OFFERED AT THE HEALTHPLEX: PRE AND POST NATAL EXERCISE CLASSES ARE PROVIDED TO EDUCATE THE COMMUNITY AND MAKE THEM AWARE OF OTHER SERVICES PROVIDED BY RUSH COPLEY MEDICAL CENTER AND AFFILIATED ORGANIZATIONS. WELLNESS PROGRAMS ENCOURAGE PARTICIPANTS TO IMPROVE THEIR HEALTH THROUGH EDUCATION AND ACTIVITIES. RECENT OFFERINGS INCLUDE: CPR, ARTHRITIS FOUNDATION AQUATIC PROGRAM, WATER EXERCISES, EXERCISE FOR THE BUSINESS & VACATION TRAVELER, AND INJURY PREVENTION FOR THE ATHLETE. THE HEALTHPLEX HAS ALSO ESTABLISHED YOUTH PROGRAMS TO HELP CHILDREN DEVELOP MOTOR SKILLS, WHILE INTRODUCING THEM TO NUTRITION AND INTERDISCIPLINARY STUDIES. THESE PROGRAMS ENCOURAGE DEVELOPMENT OF PERSONAL, SOCIAL, HEALTH, AND WELLNESS SKILLS THAT WILL LEAD TO LIFE-LONG PHYSICAL ACTIVITY. RECENT OFFERINGS INCLUDE: KIDS CARDIO, KIDS FITNESS CLASS, EXERCISE YOUR HEART, HEALTHY OPPORTUNITIES TOGETHER, AND KIDS POWER. 3983690 true false false false false false false false false false true false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false false false false true true true true false false true 0 0 152 true true true false false false false false false false false false false false X 3 0 true true true false true true true true true false false false true true true true true true false false false false IL X Patricia S O'Neil 3129425647 1725 W Harrison Street Suite 364 Chicago IL 60612 Brenda Van Wyhe END 225 SR. VP FINANCE & CFO/TREASURER 1.0 42.0 X X 0 605795 37262 John Diederich MA MBA FACHE President & CEO/Director 1.0 44.0 X X 0 1303036 48416 Mary F Shilkaitis SR VP Operations & COO 1.0 40.0 X X 0 549785 35080 Carl T Bergetz JD Chief Legal Officer, RUSH & Board Secretary, CV (START 11/24) 1.0 46.0 X 0 1152334 183008 Jeffrey Tack Treasurer, CV (Start 11/24) 1.0 44.0 X 0 394234 26315 Mike Lange MANAGER OF TENNIS 40.0 0 X 117525 0 25570 Ryan Asmus End 224 FORMER VP GENERAL COUNSEL/SECRETARY 1.0 42.0 X 0 827833 1557 117525 4833017 357208 1 true true false Power Maintenance Service Inc 95 Randall Street Elk Grove Village IL 60007 Housekeeping 311441 1 0 HEALTHPLEX REVENUE 713940 4889881 4882911 6970 AFFILIATE RENTAL REVENUE 531120 289789 289789 0 0 0 0 5179670 75 75 55248 344552 -289304 0 -289304 -289304 0 0 0 0 0 0 0 4890441 5172700 6970 -289229 1868315 1524913 343402 306872 224448 82424 0 0 0 0 178180 178180 1002244 999762 2482 533789 531600 2189 -13797 -13797 PURCHASED SERVICES 530697 528521 2176 OTHER OPERATING EXPENSE 174446 174446 EMPLOYEE RELATIONS 352 352 0 0 0 0 4581098 3983690 597408 0 24572 17775 50006 50006 0 0 105634 35962 0 0 0 0 91071 67619 40544366 18177599 22537062 22366767 0 0 18591886 20049729 41400231 42587858 541973 653542 242918 181761 0 0 55478691 56306563 56263582 57141866 -14863351 -14554008 -14863351 -14554008 41400231 42587858 309343 0 X false true true false X Schedule A, Part I, Line 3 PUBLIC CHARITY STATUS COPLEY VENTURES, INC. IS EXEMPT AS A HOSPITAL UNDER INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(III); HOWEVER, IT IS NOT A HOSPITAL AS DEFINED BY FORM 990, SCHEDULE H INSTRUCTIONS. 11296330 11296330 16520893 9398837 7122056 1389254 1064279 324975 1640490 1377410 263080 9697399 6337073 3360326 22366767 RIGHT OF USE ASSET 55138 DUE FROM RELATED PARTIES 19994591 20049729 Federal Income Taxes DUE TO AFFILIATES 56279887 LONG TERM DEFERRED RENT OBLIGATION 26676 56306563 true true false false false false false false false John Diederich MA MBA FACHE President & CEO/Director 0 734550 0 154960 0 413526 0 11500 0 36916 0 1351452 0 0 Mary F Shilkaitis SR VP Operations & COO 0 401762 0 85872 0 62151 0 7068 0 28012 0 584865 0 0 Brenda Van Wyhe END 225 SR. VP FINANCE & CFO/TREASURER 0 452312 0 82399 0 71084 0 11500 0 25762 0 643057 0 0 Ryan Asmus End 224 FORMER VP GENERAL COUNSEL/SECRETARY 0 38925 0 0 0 788908 0 1557 0 0 0 829390 0 388347 Carl T Bergetz JD Chief Legal Officer, RUSH & Board Secretary, CV (START 11/24) 0 703287 0 320381 0 128666 0 162643 0 20365 0 1335342 0 87973 Jeffrey Tack Treasurer, CV (Start 11/24) 0 325651 0 66183 0 2400 0 13595 0 12720 0 420549 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COPLEY MEMORIAL HOSPITAL, A RELATED ORGANIZATION OF COPLEY VENTURES, USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Schedule J, Part I, Line 4a Severance or change-of-control payment RYAN ASMUS, VP GENERAL COUNSEL, SIGNED A $544,433 SEVERANCE AGREEMENT IN 2024 PAYABLE IN 2024 & 2025. STEVE LOWENTHAL, MD, SR. VP MEDICAL STAFF AFFAIRS & CMO, TERMED 6/23, SIGNED A $816,192 SEVERANCE AGREEMENT IN 2023 PAYABLE IN 2023 & 2024. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan CMH OFFERS A SUPPLEMENTAL RETIREMENT PLAN TO CERTAIN EMPLOYEES WHO PARTICIPATE IN THE EXECUTIVE BENEFITS PROGRAM. THERE IS NO CONSTRUCTIVE RECEIPT OF THESE AMOUNTS BY THE INDIVIDUALS UNTIL THEY ARE PAID OUT AS THEY ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL INDIVIDUALS MEET THE REQUIRED VESTING PERIOD. ONCE VESTED, PAYOUTS WOULD BE INCLUDED AS REPORTABLE COMPENSATION ON THE RECIPIENTS ANNUAL FORM W-2. THE AMOUNTS PAID OUT OF THIS PLAN IN 2024 WERE AS FOLLOWS: RYAN ASMUS $533,236, JOHN DIEDERICH - $407,131, BRENDA VAN WYHE - $62,659, MARY SHILKAITIS - $55,697. Form 990, Part VI, Line 15 PART VI, LINE 15 THE CEO/VPS OF THE ORGANIZATION AND KEY SENIOR MANAGEMENT ARE COMPENSATED BY COPLEY MEMORIAL HOSPITAL. COPLEY MEMORIAL HOSPITAL FOLLOWS A COMPENSATION APPROVAL PROCEDURE ANNUALLY THAT INVOLVES APPROVAL OF PROPOSED AND FINAL COMPENSATION ARRANGEMENTS BY ITS COMPENSATION COMMITTEE AND FULL BOARD OF DIRECTORS USING COMPARABILITY DATA, AS WELL AS CONTEMPORANEOUS DOCUMENTATION OF COMPENSATION DECISIONS IN MINUTES. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons MANY OF THE PERSONS LISTED ON PART VII HAVE A "BUSINESS RELATIONSHIP" WITH EACH OTHER BY VIRTUE OF THEIR EMPLOYMENT AND/OR SITTING ON RELATED RUSH COPLEY MEDICAL CENTER ENTITY BOARDS - Business relationship Form 990, Part VI, Line 3 Delegation of management duties RESERVED POWERS OVER CERTAIN MANAGEMENT DUTIES HAVE BEEN DELEGATED TO RUSH UNIVERSITY SYSTEM FOR HEALTH ("RSH") AS THE PARENT ENTITY FOR THE RUSH SYSTEM. THESE DUTIES INCLUDE APPROVING VARIOUS RCMC ACTIONS, INCLUDING RCMC'S OPERATING BUDGET AND CERTAIN TRANSACTIONS, APPOINTMENT OF CERTAIN RCMC EXECUTIVES, APPOINTMENT OF RCMC'S BOARD MEMBERS, ETC. Form 990, Part VI, Line 4 Significant changes to organizational documents The Copley Ventures Board of Directors (the "CV Board") approved changes to the Bylaws that will work to align the CV Board with best practices for governance, increase efficiencies, and streamline procedures. The over-arching goal is to empower the Rush University System for Health Board of Directors (the "System Board") and Subsidiary Boards for success as they continue to evolve to a more integrated Rush University System for Health. The Executive Summary of proposed CV Board Governance changes are as follows: 1. SECTION 2.2 WAS AMENDED TO REMOVE THAT THE RCMC BOARD HAS APPROVAL AUTHORITY OVER MEDICAL STAFF CREDENTIALING AND QUALITY OF CARE POLICIES AND PROCEDURES; THIS IS RESPONSIBILITY OF THE CMH BOARD. 2. SECTION 3.4 WAS AMENDED TO REMOVE REFERENCE TO AN ANNUAL MEETING 3. SECTION 4 WAS AMENDED TO SIMPLIFY THE STRUCTURE OF OFFICERS OF THE CORPORATION. 4. SECTION 4.1 WAS AMENDED TO ADD AN "OFFICERS OF THE BOARD" SECTION AS ARTICLE IV. 5. SECTION 4.1 WAS AMENDED TO CONFIRM WHO SERVES AS CHAIRPERSON AND VICE-CHAIRPERSON. THE RCMC BOARD MUST APPROVE. 6. SECTION 4.2 WAS AMENDED TO CLARIFY THAT THE EXECUTIVE OFFICER OF CV IS A PRESIDENT. THESE BYLAWS NOTE THAT THE PERSON THEN SERVING AS RCMC CEO IS THE CV PRESIDENT. 7. SECTION 5 WAS AMENDED TO REMOVE REFERENCE TO COMMITTEES OF THE BOARD. Form 990, Part VI, Line 6 Classes of members or stockholders RUSH COPLEY MEDICAL CENTER ("RCMC") IS THE SOLE CORPORATE MEMBER OF COPLEY MEMORIAL HOSPITAL, INC. ("CMH"), RUSH COPLEY MEDICAL GROUP, NFP ("RCMG"), COPLEY VENTURES, INC. ("CV"), AND RUSH COPLEY FOUNDATION ("RCF"). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The CV Board shall consist of not less than fifteen (15) nor more than twenty (20) voting CV Directors, selected from among the RUSH System Trustees, as determined from time to time, by majority vote of the RCMC Board, subject to approval by the RUSH System Board. The Corporation's Chief Executive Officer shall serve as an adviser to the CV Board. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The following rights and powers are reserved to the Member (collectively, the "Reserved Powers"), which shall be effectuated through the action of the Member's board of directors on its own action or through its committees as set forth in the Member's amended and restated articles of incorporation or the Member Bylaws: (1) Recommend annual operating and capital budgets and long-term financial plans and capital priorities of the Corporation to the RUSH System Board for approval; (2) Annually review the performance, compensation and terms of employment of the Corporation's Chief Executive Officer; (3) Approve credentialing of medical staff and quality of care policies and procedures applicable to the Corporation; (4) Approve fundraising goals and policies of the Corporation; (5) During the Transitional Period (as defined in the RUSH System Bylaws), nominate three (3) individuals, including the RCMC Chairperson, to the RUSH System Board, subject to approval by the RUSH System Board; (6) Recommend nominees for membership to the RCMC Board, subject to approval by the RUSH System Board, and appoint the members, chairpersons, and vice-chairpersons of the RCMC Committees; (7) Recommend nominees for membership to the RUSH System Committees, RUSH System Trustees Advisory Body, and RUSH Councils, subject to approval by the RUSH System Board; (8) Recommend amendments to the RCMC Bylaws, subject to approval by the RUSH System Board, and to the RCMC committee charters; (9) Review and approve the Corporation's community benefit plans and monitor the same; (10) Monitor the Corporation's Investments; and (11) Monitor the Corporation's strategic plan. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 TAX RETURN IS PREPARED BY OUR ORGANIZATION AND REVIEWED BY OUR EXTERNAL TAX ADVISOR. A DRAFT OF THE FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW AND COMMENT. THE BOARD OF DIRECTORS IS PROVIDED WITH AN APPROVED COPY OF THE FORM 990 BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY, BOARD MEMBERS, DIRECTORS, MANAGEMENT TEAM (ADMINISTRATION, DIRECTORS AND MANAGERS) AND OTHER KEY EMPLOYEES OF RUSH COPLEY MEDICAL CENTER AND SUBSIDIARIES ("RCMC") ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO DISCLOSE ANY PERSONAL OR BUSINESS INTERESTS THAT MAY GIVE RISE TO A CONFLICT WITH THE WORK THEY DO FOR RCMC. THE DISCLOSURES ARE SUBMITTED AND REVIEWED BY THE CORPORATE INTEGRITY OFFICER, WHO IS AN EMPLOYEE OF COPLEY MEMORIAL HOSPITAL BUT REPRESENTS RUSH COPLEY MEDICAL CENTER AND SUBSIDIARIES, AND A REPORT IS SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF RCMC. THOSE KEY PERSONNEL WITH CONFLICTS ARE ADVISED TO RECUSE THEMSELVES FROM PARTICIPATING IN DECISION-MAKING RELATED TO THE CONFLICT. Form 990, Part VI, Line 19 Required documents available to the public FORM 990 IS AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. COPIES OF THE FINANCIAL STATEMENTS (WHETHER OR NOT AUDITED) ARE PROVIDED UPON REASONABLE REQUEST SUCH AS FOR A BANK LOAN OR TO A BOND RATING AGENCY. Rush Copley Healthplex LLC 1900 Ogden Avenue Aurora IL 60504 363275998 Community Health and Fitness IL 705877 14200547 Copley Ventures Inc Rush Copley Medical Center Inc 2000 Ogden Avenue Aurora IL 60504 363193787 Parent Company IL 501(c)(3) Type II Rush System for Health true Copley Memorial Hospital Inc 2000 Ogden Avenue Aurora IL 60504 362170840 Healthcare IL 501(c)(3) 3 Rush Copley Medical Center Inc true Rush Copley Foundation 2000 Ogden Avenue Aurora IL 60504 363093877 Contribution Solicitation IL 501(c)(3) 7 Rush Copley Medical Center Inc true Rush University Medical Center 1700 W Van Buren Street Chicago IL 60612 362174823 Healthcare IL 501(c)(3) 3 Rush System for Health true Rush System for Health 1725 W Harrison Street Chicago IL 60612 364046278 Healthcare IL 501(c)(3) Type III-FI NA false Rush Oak Park Hospital Inc 520 S Maple Avenue Oak Park IL 60304 362183812 Healthcare IL 501(c)(3) 3 Rush System for Health true Rush University System for Health Self-Insurance Trust 1700 W Van Buren Street Chicago IL 60612 366673233 Healthcare Insurance IL 501(c)(3) Type III-FI Rush University Medical Center true Rush Medical Group 1700 W Van Buren Street Suite 301 Chicago IL 60612 991940690 Healthcare IL 501(c)(3) 10 Rush System for Health true Rush Surgicenter at the Professional Building LP 1725 W Harrison Street Chicago IL 60612 363853026 Surgery Center IL NA N/A Rush Copley Surgicenter LLC 2000 Ogden Avenue Aurora IL 60504 384012268 Surgery Center IL NA N/A Rush Copley Orthopedics LLC 2000 Ogden Avenue Aurora IL 60504 611801175 Healthcare IL NA N/A Room Five Hundred 1725 W Harrison Street Chicago IL 60612 237139832 Dining Room IL NA C Corporation true Rush University Medical Center Insurance Co Ltd PO Box 1051 Grand Cayman CJ Insurance CJ NA C Corporation true Rush Copley Medical Group NFP 2000 Ogden Avenue Aurora IL 60504 363235315 Healthcare IL NA C Corporation true Rush University Medical Center Master Retirement Trust 1700 W Van Buren Street Chicago IL 60612 912043520 Pension Trust IL NA Trust true Rush Health 1645 W Jackson Boulevard Suite 501 Chicago IL 606123276 363972171 Clinically Integrated Network IL NA C Corporation true Rush Health ACO Inc 1645 W Jackson Boulevard Suite 501 Chicago IL 606123276 821632136 Accountable Care Organization IL NA C Corporation true true false false false false false false false false true false true false false false false false false false Rush Copley Medical Group NFP A 282779 FMV - Rents Copley Memorial Hospital Inc L 582000 FMV - Healthplex Memberships