Riverside Medical Center

EIN: 362414944 501(c)(3) Health Care

KANKAKEE, IL

Total Revenue
$457,510,290
Total Expenses
$425,410,720
Total Assets
$761,541,453
Net Assets
$546,266,245
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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
1958
Legal Domicile
IL
Phone
8159331671
Tax Period
2023-01-01 to 2023-12-31

Riverside Medical Center, founded in 1958, is a major nonprofit in the Health Care sector that reported $370.8M in total revenue in fiscal year 2018. Expenses of $343.1M left a modest 7% surplus.

Mission

To meet the health care needs of our community, by providing a comprehensive array of high value & quality services in a caring & effective manner.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $648,704
Program Service Revenue $434,447,402
Investment Income $14,827,224
Other Revenue $7,586,960
TOTAL REVENUE $457,510,290

Expense Breakdown

Grants Paid $231,297
Salaries & Benefits $215,227,302
Fundraising Expenses $0
Program Expenses $399,923,140
Other Expenses $209,952,121
TOTAL EXPENSES $425,410,720

Year-over-Year Comparison

2023 2022 Change
Revenue $457,510,290 $404,264,598 +0.1%
Expenses $425,410,720 $414,049,817 +0.0%
Net Income $32,099,570 $-9,785,219 -4.3%
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

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Governance

Voting Members
13
Independent Members
9
Employees
3086
Volunteers
121

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
5
$2,142,549
Total Directors
13
$3,264,440
Key Employees
8
$2,204,108
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chariman 1.0
Officer Director
$0 $0 $0
N/A Vice Chairman 1.0
Officer Director
$0 $0 $0
N/A Secretary 1.0
Officer Director
$0 $0 $0
N/A President/CEO 40.0
Officer Director
$1,111,991 $496,640 $1,608,631
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director/Physician 40.0
Director
$420,997 $72,889 $493,886
N/A Director/Physician 40.0
Director
$417,424 $54,894 $472,318
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director/Physician 40.0
Director
$639,141 $50,464 $689,605
N/A Treasurer/CFO 40.0
Officer
$473,551 $60,367 $533,918
N/A VP of Riverside Medical Group 40.0
Key Emp
$264,045 $63,282 $327,327
N/A VP Clinical Services 40.0
Key Emp
$234,493 $19,599 $254,092
N/A VP of Operations 40.0
Key Emp
$391,402 $59,733 $451,135
N/A VP of Nursing 40.0
Key Emp
$227,892 $1,340 $229,232
N/A VP of Clinical Services 40.0
Key Emp
$194,448 $15,600 $210,048
N/A VP of Government Relations 20.0
Key Emp
$178,226 $45,558 $223,784
N/A SVP - General Counsel 40.0
Key Emp
$239,017 $0 $239,017
N/A VP of Post Acute Care 20.0
Key Emp
$221,684 $47,789 $269,473
N/A Physician 40.0
Highest
$998,008 $62,970 $1,060,978
N/A Physician 40.0
Highest
$1,403,622 $106,247 $1,509,869
N/A Physician 40.0
Highest
$1,026,360 $53,867 $1,080,227
N/A Physician 40.0
Highest
$1,051,577 $38,238 $1,089,815
N/A Physician 40.0
Highest
$1,137,735 $66,050 $1,203,785
N/A Strategic Advisor to the President 40.0
$179,452 $55,904 $235,356
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 No data No data No data No data
2023 $457,510,290 $425,410,720 $761,541,453 $32,099,570
2022 $404,264,598 $414,049,817 $749,480,698 $-9,785,219
2021 $469,564,984 $397,237,867 $828,303,809 $72,327,117
2020 $405,401,988 $370,385,405 $787,968,057 $35,016,583
2019 $396,064,913 $366,365,097 $680,719,551 $29,699,816
2018 $370,768,253 $343,060,861 $644,486,885 $27,707,392
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