Northwestern Memorial Healthcare: $2.1B Revenue, $1.7B Expenses

Northwestern Memorial Healthcare earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 62/100.

On revenue, Northwestern Memorial Healthcare is among the largest U.S. nonprofits: $2.1B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. On the financial-health factor, Northwestern Memorial Healthcare runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Northwestern Memorial Healthcare reported $2.1B in 2023, up notably from the start of the window. Officer compensation is modest relative to organizational size: Northwestern Memorial Healthcare reports $19.8M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $2.1B in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Northwestern Memorial Healthcare is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.