Adventist Bolingbrook Hospital
501(c)(3) Donations tax-deductible
98% goes to programs $0 to raise $100 Strong reserves Growing revenue
Adventist Bolingbrook Hospital is a 501(c)(3) organization based in Bolingbrook, Illinois, registered in 2023, with $255,346,719 in FY2023 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
500 Remington Blvd, Bolingbrook, IL, 60440 EIN 65-1219504 Since 2023
Revenue (FY2023)
$255.3M
▲ 108.5% vs prior year
Expenses (FY2023)
$244.5M
Net assets
$252.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating98% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Adventist Bolingbrook Hospital: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Adventist Bolingbrook Hospital: 12 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Adventist Bolingbrook Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Adventist Bolingbrook Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Operation of a 138-bed acute-care hospital serving residents in & around bolingbrook, il.
Contact & location
- Address
- 500 Remington Blvd, Bolingbrook, IL, 60440
- City
- Bolingbrook
- State
- Illinois
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $103.7M (FY2013) to $255.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $33.5MNet assets $252.1M
Operating margin
4.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$285.6M
Total liabilities
$33.5M
Net assets
$252.1M
Salaries & benefits
$1.2M
0% of expenses
Board members
22
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $255,346,719▲109% | $244,506,139▲97.2% | $252,070,541▲4.8% | $285,574,027▲0.3% | 990 |
| 2022 | $122,455,051▼43.3% | $124,019,696▼36.4% | $240,530,628▲580% | $284,808,847▲80.3% | 990 |
| 2021 | $216,065,202▲20.2% | $194,862,448▲12.2% | $35,348,858▲109% | $157,968,235▲12.2% | 990 |
| 2020 | $179,719,336▲27.5% | $173,689,304▲32.2% | $16,898,970▲60.1% | $140,783,483▲25.3% | 990 |
| 2019 | $140,985,402▲2.9% | $131,431,944▼0.8% | $10,553,064▲249% | $112,328,568▲1.8% | 990 |
| 2018 | $137,071,095▲4.6% | $132,427,172▲3.5% | $3,024,852▲643% | $110,340,812▼9.1% | 990 |
| 2017 | $131,018,795▲6.8% | $127,974,396▲1.4% | -$556,552▼104% | $121,331,177▼2.8% | 990 |
| 2016 | $122,622,091▼0.3% | $126,174,451▲6.3% | $13,546,598▼45.4% | $124,765,432▼2.4% | 990 |
| 2015 | $122,952,059▲12.3% | $118,740,854▲4.3% | $24,803,926▲4.1% | $127,821,502▼4.3% | 990 |
| 2014 | $109,531,754▲5.6% | $113,893,988▲5.9% | $23,837,570▼16.0% | $133,561,961▼5.9% | 990 |
| 2013 | $103,690,084 | $107,498,866▲10.2% | $28,390,653▲702% | $141,977,711▲17.9% | 990 |
| 2012 | — | $97,548,909▼6.9% | -$4,712,615▼314% | $120,406,116▲0.6% | 990 |
| 2011 | — | $104,738,644▼5.4% | $2,206,398▼79.5% | $119,737,888▼10.7% | 990 |
| 2010 | — | $110,771,812 | $10,753,939 | $134,083,956 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Thordarson Thor — $241,722 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thordarson Thor | Dir/pres (end 11/23) | 12.5 | $241,722 |
| Krikorian Md Armand | Cmo Boling/glenoaks | 25 | $190,939 |
| Gallagher Rn Karen | Cno Bolingbrook | 50 | $166,892 |
| Buchanan Herbert | Dir End 4/24, Ceo End 2/24 | 12.5 | $162,900 |
| Noseworthy Gordon E | Ceo-interim (12/23-3/24) | 50 | $155,250 |
| Spagnolia Rn Jennifer | Interim Cno Bolingbrook (3/18-4/14/23) | 50 | $153,731 |
| Brown Jared | Cfo (end 8/23) | 25 | $125,570 |
| Carroll Md Richard | Former Cmo Bolingbrook/glenoaks | 0 | $121,440 |
| Shaw Tristan | Cfo Bolingbrook (beg 8/23) | 21 | $86,264 |
| Pawlik Rn Colleen | Cno Boling/glenoaks | 25 | $50,443 |
| Arquilla Venanzio | Director | 0.2 | — |
| Bacon Kenneth | Dir/chairman (end 11/23) | 0.3 | — |
| Banks David | Dir/chairman (beg 11/23-3/24) Beg 5/24 | 0.2 | — |
| Davarapalli Md Ramadevi | Director (end 12/23) | 0.3 | — |
| Denslow Kenneth | Director/vice Chair | 0.2 | — |
| Dixon Susan | Director | 0.2 | — |
| Eastman Linda | Director | 0.2 | — |
| Gray Jr Marshall | Director | 0.2 | — |
| Grys D Min John | Director | 0.2 | — |
| Hawkins Ronnie | Director | 0.2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Pt Solutions Holdings LLC | Therapy Services | $8,493,750 |
| Crothall Healthcare Inc | Evs Services | $4,132,706 |
| Morrison Healthcare | Food Services | $3,678,635 |
| Obhg Illinois Sc | Hospitalists-medical Director Fees | $1,741,927 |
| R1 Rcm Inc | Revenue Cycle Services | $1,542,510 |
Grants made · $41K in FY2023
2 grants totaling $41K in FY2023. All grants made by Adventist Bolingbrook Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Hinsdale Adventist Academy | General support | $25,000 |
| Will County Chamber of Commerce | General support | $16,250 |
Frequently asked questions
- Is Adventist Bolingbrook Hospital a legitimate nonprofit?
- Yes. Adventist Bolingbrook Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 65-1219504, based in Bolingbrook, Illinois. Donations are tax-deductible.
- What is Adventist Bolingbrook Hospital's EIN?
- Adventist Bolingbrook Hospital's Employer Identification Number (EIN) is 65-1219504.
- How much revenue does Adventist Bolingbrook Hospital report?
- Adventist Bolingbrook Hospital reported $255,346,719 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Adventist Bolingbrook Hospital's spending goes to programs?
- Adventist Bolingbrook Hospital spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Adventist Bolingbrook Hospital have?
- CharityIndex grades Adventist Bolingbrook Hospital A+, based on program efficiency and fundraising cost.
- How much does Adventist Bolingbrook Hospital's highest-paid employee make?
- The highest reported compensation on Adventist Bolingbrook Hospital's latest Form 990 is $241,722, paid to Thordarson Thor (Dir/pres (end 11/23)).
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Data for Adventist Bolingbrook Hospital (EIN 65-1219504) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.