Health Research and Educational Trust
Only 56% goes to programs $0 to raise $100 Strong reserves Declining revenue
Health Research and Educational Trust is a 501(c)(3) organization based in Chicago, Illinois, registered in 1960, with $6,636,124 in FY2024 revenue. CharityIndex grades it C+, and it directs about 56% of spending to programs.
155 N Wacker Dr Ste 400, Chicago, IL, 60606 EIN 36-2203931 Since 1960
Revenue (FY2024)
$6.6M
▼ 34.9% vs prior year
Health median: $840K
Expenses (FY2024)
$9.1M
Net assets
$12.8M
Employees
37
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating56% 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 Health Research and Educational Trust: 56% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating17 mo reserves · -37% 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 Health Research and Educational Trust: 17 mo reserves · -37% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Health Research and Educational Trust: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Health Research and Educational Trust: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Assist health care organizations & communities to improve the efficiency, quality & accessibility of health care services.
What they do
Quality/cost/disparities: hret conducts management research to improve quality, reducing costs, and eliminating disparities. numerous research projects worked with hospitals nationally to reduce infections and to improve safety culture scores. in addition, hret provides hospitals with tools and training materials compiled from various surveys conducted to help educate healthcare professionals.
Research and development of resources addressing best practices and models for population health and community partnerships. leadership training in health care transformation for hospital leaders.
Contact & location
- Address
- 155 N Wacker Dr Ste 400, Chicago, IL, 60606
- City
- Chicago
- State
- Illinois
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $64.0M (FY2013) to $6.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.4MNet assets $12.8M
Operating margin
-37.2%
Spent more than it raised in the latest fiscal year.
Total assets
$15.2M
Total liabilities
$2.4M
Net assets
$12.8M
Salaries & benefits
$5.0M
55% of expenses
Board members
3
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,636,124▼34.9% | $9,106,022▼25.2% | $12,848,023▼11.2% | $15,211,006▼4.8% | 990 |
| 2023 | $10,196,871▼10.7% | $12,176,262▼4.6% | $14,471,198▼7.5% | $15,980,943▼19.4% | 990 |
| 2022 | $11,413,974▲6.6% | $12,763,842▲6.6% | $15,644,014▼16.7% | $19,822,762▼11.6% | 990 |
| 2021 | $10,710,852▼0.5% | $11,969,906▼8.3% | $18,783,391▲1.6% | $22,413,132▲6.7% | 990 |
| 2020 | $10,760,012▼69.1% | $13,056,736▼64.3% | $18,482,733▼2.9% | $21,010,178▼17.4% | 990 |
| 2019 | $34,877,975▼29.3% | $36,616,485▼24.5% | $19,032,808▼3.1% | $25,447,440▼16.1% | 990 |
| 2018 | $49,330,480▲2.4% | $48,529,385▲0.2% | $19,633,571▲0.9% | $30,317,445▲7.2% | 990 |
| 2017 | $48,172,316▼6.5% | $48,412,172▲5.2% | $19,452,032▲3.1% | $28,292,295▼7.7% | 990 |
| 2016 | $51,499,687▲60.4% | $46,027,443▲36.2% | $18,874,353▲45.5% | $30,657,696▲15.6% | 990 |
| 2015 | $32,113,431▼42.9% | $33,797,563▼39.6% | $12,974,804▼15.7% | $26,509,062▲0.4% | 990 |
| 2014 | $56,212,827▼12.1% | $55,981,439▲1.3% | $15,389,389▼0.3% | $26,412,180▼7.8% | 990 |
| 2013 | $63,970,437 | $55,278,789▲13.1% | $15,435,344▲140% | $28,661,251▼0.3% | 990 |
| 2012 | — | $48,893,620▲245% | $6,430,748▲44.9% | $28,755,315▲301% | 990 |
| 2011 | — | $14,167,554▲32.0% | $4,437,940▼15.3% | $7,179,517▼3.7% | 990 |
| 2010 | — | $10,733,621 | $5,238,162 | $7,456,932 | 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 (FY2024)
Highest-paid: Nancy A Myers Phd — $272,262 (2.99% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nancy A Myers Phd | Vp Leadership & System Innovation | 40 | $272,262 |
| Marie Cleary-fishman | Vp Clinical Quality | 40 | $266,924 |
| Daniel J Delgado | Senior Director of Finance and Compliance | 40 | $210,954 |
| Andrew J Jager | Sr Director, Pop Health | 40 | $184,018 |
| Kristin L Preihs | Sr Director Clinical Quality | 40 | $169,884 |
| Christopher M Derienzo | President | 1 | — |
| Heidi Duncan | Chair | 5 | — |
| Russell R Gronewold | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Upstream Thinking LLC | Consulting | $201,022 |
| John Wiley & Sons Inc | Research Services | $111,415 |
| Pixel | Event Production | $109,955 |
| Birkdesign Inc | Marketing Services | $102,375 |
Grants received · $8.5M total
24 grants to Health Research and Educational Trust totaling $8.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Chicago Community Trust | To support a "dynamic ventilator reserve" (dvr) | 2019 | $300,000 |
| Ihc Health Services Inc | Support community health | 2019 | $116,870 |
| American Hospital Association Inc | Support payment | 2019 | $20,000 |
| American Hospital Association Inc | Support payment | 2019 | $20,000 |
| American Hospital Association Inc | Support payment | 2018 | $986,580 |
| Ihc Health Services Inc | Support community health | 2018 | $75,000 |
| Institute For Healthcare Improvement | Health care | 2018 | $16,000 |
| Hackensack Meridian Health Inc | Sponsorship | 2018 | $6,000 |
| American Hospital Association Inc | Support payment | 2017 | $1,153,765 |
| Ihc Health Services Inc | Promote community health | 2017 | $116,870 |
| Sentara Health | Assist hospital employees affected by hurricane harvey | 2017 | $50,000 |
| Cedars-sinai Medical Center | General support | 2017 | $25,000 |
| Institute For Healthcare Improvement | Health care | 2017 | $25,000 |
| Communities Foundation of Oklahoma Inc | Operations grant | 2017 | $23,236 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $15,000 |
Grants made · $120K in FY2024
3 grants totaling $120K in FY2024. All grants made by Health Research and Educational Trust →
| Recipient | Purpose | Amount |
|---|---|---|
| Boston Medical Center Corporation | Foster mcgaw prize finalist | $100,000 |
| Englewood Hospital and Medical Center A New Jersey Nonprofit Corp | Foster mcgaw prize finalist | $10,000 |
| The New York and Presbyterian Hospital | Foster mcgaw prize finalist | $10,000 |
Similar organizations in Health
Health
American Orthopaedic Foot & Ankle Society
Schaumburg, IL
$6.6M
Bannual revenue
Health
The Blessing Foundation Inc
Quincy, IL
$6.7M
Bannual revenue
Health
Ucm Home Care
Harvey, IL
$6.8M
Dannual revenue
- Health
Masonic Family Health Foundation
Chicago, IL
$6.3M
C+annual revenue
Uchicago Medicine Network Inc
Harvey, IL
$7.0M
Dannual revenue
Health
St Margarets Health-peru Hygienic Institute For Lasalle Per
Peru, IL
$6.2M
Aannual revenue
Health
American Society For Dermatologic Surgery
Rolling Meadows, IL
$7.1M
Bannual revenue
Health
Deaconess Illinois Clinic Inc
Marion, IL
$7.2M
Dannual revenue
Health
Community Health Partnership of Illinois
Chicago, IL
$7.2M
Bannual revenue
Health
Legacy Medical Care Inc
Arlington Hts, IL
$7.2M
Dannual revenue
Compare Health Research and Educational Trust
Frequently asked questions
- Is Health Research and Educational Trust a legitimate nonprofit?
- Yes. Health Research and Educational Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2203931, based in Chicago, Illinois. Donations are tax-deductible.
- What is Health Research and Educational Trust's EIN?
- Health Research and Educational Trust's Employer Identification Number (EIN) is 36-2203931.
- How much revenue does Health Research and Educational Trust report?
- Health Research and Educational Trust reported $6,636,124 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Health Research and Educational Trust's spending goes to programs?
- Health Research and Educational Trust spends about 56% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Health Research and Educational Trust have?
- CharityIndex grades Health Research and Educational Trust C+, based on program efficiency and fundraising cost.
- How much does Health Research and Educational Trust's highest-paid employee make?
- The highest reported compensation on Health Research and Educational Trust's latest Form 990 is $272,262, paid to Nancy A Myers Phd (Vp Leadership & System Innovation).
More nonprofits in Chicago
Explore more
Data for Health Research and Educational Trust (EIN 36-2203931) 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.