Thorek Memorial Hospital
85% goes to programs $0 to raise $100 Strong reserves Growing revenue
Thorek Memorial Hospital is a 501(c)(3) organization based in Chicago, Illinois, registered in 1939, with $160,965,453 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
850 W Irving Park Road, Chicago, IL, 60613 EIN 36-6000085 Since 1939
Revenue (FY2024)
$161.0M
▲ 18.2% vs prior year
Health median: $840K
Expenses (FY2024)
$114.0M
Net assets
$682.4M
Employees
643
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% 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 Thorek Memorial Hospital: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating72 mo reserves · +29% 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 Thorek Memorial Hospital: 72 mo reserves · +29% margin earns a B+ 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 Thorek Memorial 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 Thorek Memorial Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Providing quality patient care, promoting wellness, and supporting education.
Contact & location
- Address
- 850 W Irving Park Road, Chicago, IL, 60613
- City
- Chicago
- State
- Illinois
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $76.7M (FY2013) to $161.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $22.5MNet assets $682.4M
Operating margin
29.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$704.8M
Total liabilities
$22.5M
Net assets
$682.4M
Salaries & benefits
$44.8M
39% of expenses
Board members
6
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $160,965,453▲18.2% | $114,001,255▲6.3% | $682,377,700▲15.1% | $704,840,098▲13.9% | 990 |
| 2023 | $136,182,905▼4.5% | $107,222,959▲5.7% | $593,080,045▲15.4% | $618,735,363▲14.9% | 990 |
| 2022 | $142,575,807▲14.2% | $101,482,306▲5.2% | $513,891,375▲17.1% | $538,417,547▲16.4% | 990 |
| 2021 | $124,803,046▼2.4% | $96,467,264▲4.1% | $438,937,762▼8.7% | $462,572,422▼9.8% | 990 |
| 2020 | $127,922,496▲32.7% | $92,638,926▲9.1% | $480,649,511▲29.8% | $512,859,760▲27.5% | 990 |
| 2019 | $96,364,280▲24.1% | $84,936,606▲37.1% | $370,440,408▲3.4% | $402,112,917▲5.6% | 990 |
| 2018 | $77,679,627▼9.0% | $61,936,178▼2.8% | $358,374,180▲5.9% | $380,704,896▲5.6% | 990 |
| 2017 | $85,350,875▲8.0% | $63,695,103▲0.9% | $338,391,559▲6.5% | $360,598,750▲4.0% | 990 |
| 2016 | $79,021,187▲11.8% | $63,108,432▼0.2% | $317,851,561▲12.7% | $346,891,093▲11.7% | 990 |
| 2015 | $70,684,865▼18.4% | $63,219,962 | $282,057,076▲0.8% | $310,681,675▲0.8% | 990 |
| 2014 | $86,611,961▲12.9% | $63,234,669▲3.5% | $279,941,927▲4.0% | $308,195,214▲0.5% | 990 |
| 2013 | $76,687,957 | $61,100,061▲7.9% | $269,059,462▲17.5% | $306,779,405▲16.8% | 990 |
| 2012 | — | $56,622,338▲4.8% | $228,962,187▲13.9% | $262,725,084▲13.7% | 990 |
| 2011 | — | $54,005,957▼2.1% | $200,995,055▲5.8% | $231,137,649▼0.9% | 990 |
| 2010 | — | $55,161,206▲1.4% | $189,931,837▲23.7% | $233,276,455▲16.8% | 990 |
| 2009 | — | $54,375,902 | $153,540,979 | $199,729,452 | 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: Steven Sclamberg Md — $778,518 (0.68% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven Sclamberg Md | Physician | 40 | $778,518 |
| Edward Budd | President/ceo | 40 | $646,068 |
| Peter Kamberos | Chairman & Coo | 40 | $642,015 |
| Tim Heinrich | Cfo | 40 | $461,751 |
| John Hunniford Md | Physician | 40 | $461,370 |
| Kenneth Candido Md | Physician | 40 | $415,669 |
| Genevieve Presbitero | Chief Nursing Officer & Marketing Outreach Officer | 40 | $402,309 |
| Yves Piverger Md | Physician | 40 | $360,047 |
| Andrew Albert Md | Physician | 40 | $355,648 |
| James Nugent | Vice Chair | 6 | $37,500 |
| Bhagwan Jain Md | Secretary, Trustee & Medical Staff President | 6 | $35,000 |
| Bonnie Phipps | Treasurer | 6 | $35,000 |
| Robert Baudino | Trustee | 6 | $35,000 |
| Manjeet Chawla Md | Trustee & Physician | 6 | $20,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Epss | Emergency Department Services | $1,823,820 |
| Aramark Chicago Lockbox | Food and Facility Services | $1,399,998 |
| Medical Information Technology Inc | Software Services | $1,192,505 |
| Chicago Institute of Advanced Surgery | Physician Surgical Services | $1,055,781 |
| United Maintenance Company Inc | Housekeeping & Facility Services | $958,808 |
Grants made · $6,000 in FY2022
1 grant totaling $6,000 in FY2022. All grants made by Thorek Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Howard Brown Health Center | Support | $6,000 |
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Frequently asked questions
- Is Thorek Memorial Hospital a legitimate nonprofit?
- Yes. Thorek Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-6000085, based in Chicago, Illinois. Donations are tax-deductible.
- What is Thorek Memorial Hospital's EIN?
- Thorek Memorial Hospital's Employer Identification Number (EIN) is 36-6000085.
- How much revenue does Thorek Memorial Hospital report?
- Thorek Memorial Hospital reported $160,965,453 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Thorek Memorial Hospital's spending goes to programs?
- Thorek Memorial Hospital spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Thorek Memorial Hospital have?
- CharityIndex grades Thorek Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Thorek Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Thorek Memorial Hospital's latest Form 990 is $778,518, paid to Steven Sclamberg Md (Physician).
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Data for Thorek Memorial Hospital (EIN 36-6000085) 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.