ILLINOIS HEALTH AND HOSPITAL ASSOCIATION (EIN 362352486) - Form 990 Financial Analysis & Trantor Score

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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

1940

Legal Domicile

Principal Officer

ARTHUR J WILHELMI

Phone

6302765400

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS HEALTH AND HOSPITAL ASSOCIATION, founded in 1940, is a mid-sized nonprofit that reported $25.8M in total revenue in fiscal year 2024.

Mission

TO ADVOCATE FOR AND SUPPORT HOSPITALS AND HEALTH SYSTEMS AS THEY SERVE THEIR PATIENTS AND COMMUNITIES.

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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 $1,428,530

Program Service Revenue $18,953,712

Investment Income $351,072

Other Revenue $5,111,958

TOTAL REVENUE $25,845,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,979,382

Fundraising Expenses $0

Other Expenses $9,038,886

TOTAL EXPENSES $27,018,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,845,272	$25,477,177	+0.0%
Expenses	$27,018,268	$26,759,703	+0.0%
Net Income	$-1,172,996	$-1,282,526	-0.1%

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

206

Volunteers

312

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

$3,061,196

Total Directors

$1,617,058

Key Employees

$495,867

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR J WILHELMI	PRESIDENT AND TRUSTEE	30.00	Officer Director	$1,348,508	$268,550	$1,617,058
JP GALLAGHER	CHAIRMAN AND TRUSTEE	1.00	Officer Director	$0	$0	$0
SHAWN VINCENT	CHAIR ELECT AND TRUSTEE	1.00	Officer Director	$0	$0	$0
TED ROGALSKI	PAST CHAIRMAN AND TRUSTEE	1.00	Officer Director	$0	$0	$0
DAMOND BOATWRIGHT	TREASURER AND TRUSTEE	1.00	Officer Director	$0	$0	$0
JAMES LEONARD MD	SECRETARY AND TRUSTEE	1.00	Officer Director	$0	$0	$0
STEVEN AIRHART	TRUSTEE	1.00	Director	$0	$0	$0
JOHN ANTES	TRUSTEE	1.00	Director	$0	$0	$0
TRACEY BAUER	TRUSTEE	1.00	Director	$0	$0	$0
NED BUDD	TRUSTEE	1.00	Director	$0	$0	$0
TRINA CASNER	TRUSTEE	1.00	Director	$0	$0	$0
MIKE CRUZ	TRUSTEE	1.00	Director	$0	$0	$0
POLLY DAVENPORT	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM H DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM DORSEY MD	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND GRADY	TRUSTEE	1.00	Director	$0	$0	$0
DAMON HARBISON	TRUSTEE	1.00	Director	$0	$0	$0
TOM JACKIEWICZ	TRUSTEE	1.00	Director	$0	$0	$0
OMAR B LATEEF DO	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS MCAFEE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MCMANUS	TRUSTEE (UNTIL 4/1/24)	1.00	Director	$0	$0	$0
DIA NICHOLS	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE M ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
ROB SCHMITT	TRUSTEE	1.00	Director	$0	$0	$0
TOM SHANLEY MD	TRUSTEE	1.00	Director	$0	$0	$0
KARISSA TURNER	TRUSTEE	1.00	Director	$0	$0	$0
KIM UPHOFF	TRUSTEE	1.00	Director	$0	$0	$0
KAREN HARRIS	ASSIST SEC/SVP/CHIEF COUNSEL	31.25	Officer	$453,477	$45,228	$498,705
TIMOTHY NUDING	SVP MEMBERSHIP AND FINANCE	37.00	Officer	$441,246	$52,434	$493,680
TERRI L ALLEN	ASSISTANT TREAS/CAO/SVP	35.00	Officer	$404,952	$46,801	$451,753
JOANNA FARRERE	SVP HR AND ADMINISTRATION	38.00	Key Emp	$435,711	$60,156	$495,867
EDWARD HOLZHAUER	SENIOR VICE PRESIDENT	4.00	Highest	$487,228	$52,008	$539,236
DAVID GROSS	SENIOR VICE PRESIDENT	40.00	Highest	$451,655	$32,588	$484,243
JORDAN POWELL	SVP HEALTH POLICY & FINANCE	40.00	Highest	$381,469	$34,976	$416,445
PATRICK SONIN	VICE PRESIDENT	40.00	Highest	$313,311	$65,547	$378,858
JOHN BOMHER	SENIOR VICE PRESIDENT (UNTIL 6/30/24)	40.00	Highest	$321,201	$42,899	$364,100

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
2024	$25,845,272	$27,018,268	$58,000,336	$-1,172,996
2023	$25,477,177	$26,759,703	$51,955,033	$-1,282,526
2022	$25,497,949	$27,187,823	$43,905,858	$-1,689,874
2021	$27,831,866	$28,286,041	$47,982,989	$-454,175
2020	$28,567,582	$28,789,105	$52,742,994	$-221,523
2019	$27,332,645	$26,665,487	$45,907,435	$667,158
2018	$27,379,497	$28,186,911	$35,838,716	$-807,414

ILLINOIS HEALTH AND HOSPITAL ASSOCIATION