HSHS Medical Group Inc

EIN: 263956318 501(c)(3)

Springfield, IL

Total Revenue
$128,939,203
Total Expenses
$198,588,507
Total Assets
$108,883,749
Net Assets
$62,874,648
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IL
Phone
2173219292
Tax Period
2024-07-01 to 2025-06-30

HSHS Medical Group Inc, founded in 2008, is a major nonprofit that reported $128.9M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $198.6M exceeded revenue, resulting in a 54% operating deficit.

Mission

TO REVEAL AND EMBODY CHRIST'S HEALING LOVE FOR ALL PEOPLE THROUGH A HEALTH CARE MINISTRY BY PROVIDING PRIMARY AND SPECIALTY PHYSICIAN SERVICES TO THE COMMUNITIES HOSPITAL SISTERS HEALTH SYSTEM SERVES.

Program Service Accomplishments

Program 1
Expenses: $176,064,783 Revenue: $128,367,180

HSHS MEDICAL GROUP IS THE PHYSICIAN ORGANIZATION OF HOSPITAL SISTERS HEALTH SYSTEM ("HSHS"), A HEALTH CARE MINISTRY OF THE CATHOLIC CHURCH. AS A MISSION-BASED ORGANIZATION, IT IS OUR DESIRE TO...

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HSHS MEDICAL GROUP IS THE PHYSICIAN ORGANIZATION OF HOSPITAL SISTERS HEALTH SYSTEM ("HSHS"), A HEALTH CARE MINISTRY OF THE CATHOLIC CHURCH. AS A MISSION-BASED ORGANIZATION, IT IS OUR DESIRE TO CONNECT WITH ALL WHO SEEK CARE, HEALING, AND HOPE. PRIMARILY THE MISSION IS FILLED THROUGH PATIENT ACCESS OF PRIMARY CARE PROVIDERS, INCLUDING FAMILY MEDICINE, INTERNAL MEDICINE, AND PEDIATRICS. TO ENSURE ACCESS TO HEALTH CARE FOR ALL, A CHARITY CARE POLICY HAS BEEN IMPLEMENTED FOR ALL PRACTICES OF THE HSHS MEDICAL GROUP. THE CHARITY CARE POLICY HELPS ENSURE THAT ALL WHO COME TO US WILL RECEIVE QUALITY CARE, AND ARE TREATED WITH RESPECT AND COMPASSION. THE HSHS MEDICAL GROUP CHARITY CARE POLICY PROVIDES PATIENTS WITH AN OPPORTUNITY TO QUALIFY FOR FINANCIAL ASSISTANCE WHEN RECEIVING NON-ELECTIVE SERVICES. THE LEVEL OF CHARITY CARE ASSISTANCE FOR WHICH ANY PERSON IS ELIGIBLE IS BASED, IN PART, ON THEIR INCOME COMPARED TO THE CURRENT YEAR FEDERAL POVERTY GUIDELINES. TO QUALIFY FOR CHARITY CARE, A PERSON COMPLETES A TWO-PART INCOME TEST. PART ONE DETERMINES THAT NO OTHER GOVERNMENTAL OR PRIVATE INSURANCE IS AVAILABLE TO THE PERSON. PART TWO FOLLOWS A PROCESS TO DETERMINE THE CHARITY AMOUNT IN RELATIONSHIP TO THE PERSON'S/FAMILY'S INCOME. THE HSHS MEDICAL GROUP CHARITY CARE PROGRAM IS BASED ON THE CURRENT YEAR FEDERAL POVERTY GUIDELINES ("FPG") ISSUED BY THE DEPARTMENT OF HEALTH & HUMAN SERVICES ANNUALLY AND PUBLISHED IN THE FEDERAL REGISTER. AN FPG AND CHARITY ALLOWANCE TABLE IS UPDATED ANNUALLY BY THE HSHS MEDICAL GROUP AND IS USED TO DETERMINE WHETHER THE PERSON QUALIFIES FOR CHARITY CARE AND, IF SO, AT WHAT LEVEL. THE AMOUNT IS DETERMINED BY MULTIPLYING THE ALLOWANCE LEVEL SPECIFIED IN THE TABLE BY TOTAL CHARGES CALCULATED USING THE RATE OF 150% OF THE MEDICARE ALLOWABLE CHARGE FOR EACH ITEM OR SERVICE RENDERED DURING THE VISIT BASED ON THE APPLICABLE MEDICARE LOCALITY.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,544
Program Service Revenue $128,426,410
Investment Income $504,249
Other Revenue $0
TOTAL REVENUE $128,939,203

Expense Breakdown

Grants Paid $56,539
Salaries & Benefits $117,340,719
Fundraising Expenses $0
Program Expenses $176,064,783
Other Expenses $81,191,249
TOTAL EXPENSES $198,588,507

Year-over-Year Comparison

2024 2023 Change
Revenue $128,939,203 $140,192,643 -0.1%
Expenses $198,588,507 $229,547,931 -0.1%
Net Income $-69,649,304 $-89,355,288 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
8
Employees
1126
Volunteers
8

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
4
$2,815,203
Total Directors
11
$2,364,673
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Lewis MD PRESIDENT / HSHS Chief Clinical Officer 48.5
Officer Director
$747,020 $137,374 $884,394
Alejandro Alvarado MD Board Member 1.0
Director
$0 $0 $0
Chris Skorcz Board Member 1.0
Director
$0 $0 $0
David Oligschlaeger DO Board Member / Physician 58.0
Director
$486,998 $56,823 $543,821
FRANK AGUIRRE MD Board Member 1.0
Director
$0 $0 $0
JERRY GAFFNER Board Member 1.0
Director
$0 $0 $0
Kristen Allen Board Member 1.0
Director
$0 $0 $0
LARRY HARDY Board Member 1.0
Director
$0 $0 $0
Lori Kerans Board Member 1.0
Director
$0 $0 $0
Pavan Gupta MD Board Member / Physician 1.0
Director
$0 $30,155 $936,458
RACHEL BROUGHTON Board Member 1.0
Director
$0 $0 $0
Michael Scialdone Treasurer / HSHS SVP & CFO 0.3
Officer
$0 $132,635 $912,947
Paige Toth Secretary 0.3
Officer
$0 $75,167 $368,704
PATRICIA ALLEN CFO - CARE DELIVERY (until 4/30/25) 3.0
Officer
$0 $89,922 $649,158
Danxuan Long MD Physician 60.0
Highest
$1,081,255 $43,197 $1,124,452
Leslie Anewenah MD Physician 60.0
Highest
$1,311,699 $32,557 $1,344,256
Peter Kim MD Physician 60.0
Highest
$1,188,595 $35,942 $1,224,537
Raghav Govindarajan MD Physician 60.0
Highest
$1,161,833 $39,159 $1,200,992
Steven Morton MD Physician 60.0
Highest
$1,175,854 $49,923 $1,225,777
MELINDA CLARK Former CEO MED GROUP 0.0
$74,550 $0 $74,550
TODD Smart Former Treasurer 0.0
$0 $15,590 $132,566
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 $128,939,203 $198,588,507 $108,883,749 $-69,649,304
2024 $140,192,643 $229,547,931 $109,388,720 $-89,355,288
2023 $211,724,672 $230,341,325 $133,263,176 $-18,616,653
2022 $243,195,473 $262,044,837 $123,393,466 $-18,849,364
2021 $219,567,166 $240,425,735 $136,932,585 $-20,858,569
2020 $224,478,561 $252,016,467 $121,258,095 $-27,537,906
2019 $210,744,784 $238,779,210 $52,385,048 $-28,034,426
2018 $192,661,152 $218,824,040 $48,997,804 $-26,162,888
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