Harrisburg Medical Center Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Phone

6182537671

Tax Period

2024-04-01 to 2025-03-31

Harrisburg Medical Center Inc, founded in 1975, is a mid-sized nonprofit in the Health Care sector that reported $62.2M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

HARRISBURG MEDICAL CENTER AND SOUTHERN ILLINOIS HEALTHCARE IS DEDICATED TO IMPROVING THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $41,382,881 Revenue: $54,802,682

IN SUPPORT OF ITS MISSION, THE HOSPITAL PROVIDES CARE TO PATIENTS AT LESS THAN ITS ESTABLISHED CHARGES FOR PATIENTS THAT MEET THE HOSPITAL'S FINANCIAL ASSISTANCE CRITERIA. BECAUSE THE HOSPITAL DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY FOR FINANCIAL ASSISTANCE, THEY ARE NOT REPORTED IN NET PATIENT SERVICE REVENUE. CHARGES EXCLUDED FROM REVENUE UNDER THE HOSPITAL'S FINANCIAL ASSISTANCE POLICY (FAP) WERE APPROXIMATELY $1,909,000 FOR FISCAL YEAR 2025. IN ADDITION, THE HOSPITAL PROVIDES SERVICES TO OTHER MEDICALLY INDIGENT PATIENTS UNDER CERTAIN GOVERNMENT-REIMBURSED PUBLIC AID PROGRAMS. SUCH PROGRAMS PAY PROVIDERS AMOUNTS WHICH ARE LESS THAN ESTABLISHED CHARGES FOR THE SERVICES PROVIDED TO THE RECIPIENTS AND THE PAYMENTS ARE LESS THAN THE COST OF RENDERING CARE. (continued on schedule O)

Program 2

Expenses: $8,741,971 Revenue: $7,198,686

HARRISBURG MEDICAL CENTER OPERATES PHYSICIAN PRACTICES TO PROVIDE CARE AND TREATMENT OF THE MEDICALLY SICK, INJURED OR afflicted ON A NOT-FOR PROFIT BASIS. THESE PRACTICES ARE LOCATED IN VARIOUS...

HARRISBURG MEDICAL CENTER OPERATES PHYSICIAN PRACTICES TO PROVIDE CARE AND TREATMENT OF THE MEDICALLY SICK, INJURED OR afflicted ON A NOT-FOR PROFIT BASIS. THESE PRACTICES ARE LOCATED IN VARIOUS COMMUNITIES IN OUR SERVICE AREA. BOTH PRIMARY CARE AND SPECIALIZED MEDICAL CARE ARE PROVIDED INCLUDING PEDIATRICS, BEHAVIORAL HEALTH, AND FAMILY MEDICINE. THESE PHYSICIAN PRACTICES PROVIDE QUALITY HEALTH SERVICES THROUGHOUT SOUTHERN ILLINOIS REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. THESE PHYSICIANS PROVIDED UNCOMPENSATED CARE THROUGH PARTICIPATION IN THE GOVERNMENT SPONSORED MEDICARE AND MEDICAID PROGRAMS AND THE HMC INDIGENT FINANCIAL ASSISTANCE PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,259

Program Service Revenue $61,986,234

Investment Income $117,920

Other Revenue $83,149

TOTAL REVENUE $62,192,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,779,867

Fundraising Expenses $0

Program Expenses $50,124,852

Other Expenses $34,626,991

TOTAL EXPENSES $63,406,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,192,562	$48,584,895	+0.3%
Expenses	$63,406,858	$60,512,386	+0.0%
Net Income	$-1,214,296	$-11,927,491	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

508

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,258,252

Total Directors

$2,811,755

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dennis Murphy	Board Chair	2.0	Officer Director	$0	$0	$0
Gina Sirach	Secretary/Treasurer (Partial Year)	1.0	Officer Director	$0	$0	$0
John Antes	President/CEO/Trustee	10.0	Officer Director	$0	$146,166	$1,023,241
John B Millstead	SR VP/COO	10.0	Officer Director	$0	$245,318	$1,052,362
Matt Businaro	Board Vice Chair	2.0	Officer Director	$0	$0	$0
Michael Williams	Secretary/Treasurer (Partial Year)	2.0	Officer Director	$0	$0	$0
Angela Rowe	Trustee	1.0	Director	$0	$0	$0
Benna Daugherty	Trustee	1.0	Director	$0	$0	$0
Dr Jonah Rice	Trustee (Partial Year)	1.0	Director	$0	$0	$0
Jacqueline Scott	Trustee	1.0	Director	$0	$0	$0
Krystina Eubanks	Trustee (Partial Year)	1.0	Director	$0	$0	$0
Matthew Winkleman	Trustee	1.0	Director	$0	$75,774	$735,802
Michael Tison	Trustee (Partial Year)	1.0	Director	$0	$0	$350
Denao Ruttino	VP/Innovation Technology	10.0	Officer	$0	$64,524	$490,499
Jennifer Harre	VP/CNO	10.0	Officer	$0	$82,129	$447,475
John Daly	VP/General Counsel	10.0	Officer	$0	$45,001	$483,972
Marci L Moore-Connelley MD	SR VP/CMO	10.0	Officer	$0	$99,050	$705,463
Molly Hamilton	VP Human Resources	10.0	Officer	$0	$23,867	$336,017
Rodney Smith	VP/Administrator	20.0	Officer	$0	$103,761	$606,216
Shelly Pierce	VP/Quality	10.0	Officer	$0	$74,569	$451,151
Warren Ladner	Sr VP/CFO/Treasurer	10.0	Officer	$0	$109,396	$661,856
Andrea Miller	Physician	40.0	Highest	$345,205	$37,286	$382,491
Deborah Gajewski	RN Supervisor	40.0	Highest	$222,693	$18,306	$240,999
J Cody Sandusky	Pharmacist	40.0	Highest	$177,677	$22,375	$200,052
Kasey Harner	Advanced Practice Provider	40.0	Highest	$0	$0	$0
Mary Ozee	RN Supervisor	40.0	Highest	$194,092	$20,572	$214,664
Stephanie Franklin	Advanced Practice Provider	40.0	Highest	$227,851	$22,707	$250,558
Donald Hutson	FORMER VP/Administrator	0.0		$351,239	$40,902	$392,141
Pam Henderson	Former Officer	0.0		$0	$7,714	$126,726

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$62,192,562	$63,406,858	$47,167,002	$-1,214,296
2024	$48,584,895	$60,512,386	$31,196,981	$-11,927,491
2023	$49,680,364	$55,977,335	$34,937,063	$-6,296,971
2022	$39,197,825	$48,439,582	$43,345,882	$-9,241,757
2021	$64,362,948	$57,714,788	$53,080,348	$6,648,160
2020	$60,360,449	$59,024,548	$60,904,148	$1,335,901
2019	$59,452,180	$62,741,998	$44,928,312	$-3,289,818
2018	$68,811,936	$74,099,167	$51,439,108	$-5,287,231
2018	$68,799,316	$73,892,589	$51,672,675	$-5,093,273