Alexian Brothers Medical Center

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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

1971

Legal Domicile

Phone

3147338000

Tax Period

2023-07-01 to 2024-06-30

Alexian Brothers Medical Center, founded in 1971, is a major nonprofit in the Health Care sector that reported $482.0M in total revenue in fiscal year 2023. Expenses of $595.1M exceeded revenue, resulting in a 23% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $467,189,465 Revenue: $476,119,845

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. Alexian Brothers Medical Center is a 376-bed hospital campus providing services without regard to patient race, creed, national origin, economic status, or ability to pay. During fiscal year 2024, Alexian Brothers Medical Center treated 15,239 adults and children for a total of 86,585 patient days of service. The hospital also provided services for 91,315 outpatient visits, which included 4,357 outpatient surgeries and 40,624 Emergency Room Visits. See Schedule H for a non-exhaustive list of community benefit programs and descriptions.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,572,728

Program Service Revenue $476,107,797

Investment Income $110,415

Other Revenue $4,217,561

TOTAL REVENUE $482,008,501

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $467,189,465

Other Expenses $594,997,684

TOTAL EXPENSES $595,067,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$482,008,501	$485,414,131	0.0%
Expenses	$595,067,684	$496,872,668	+0.2%
Net Income	$-113,059,183	$-11,458,537	+8.9%

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

N/A

Volunteers

170

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

$2,797,775

Total Directors

$4,135,402

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN DOHERTY	EX-OFFICIO/PRESIDENT, ABMC	0.0	Officer Director	$0	$48,731	$619,709
JUDGE JOHN D TOURTELOT	VICE CHAIR	1.0	Officer Director	$0	$0	$0
THOMAS HUBERTY MD	CHAIR	1.0	Officer Director	$0	$0	$0
CHRISTOPHER A D'AGOSTINO DO	DIRECTOR	0.0	Director	$0	$54,879	$609,058
DAVID J BORDO MD	DIRECTOR	0.0	Director	$0	$55,285	$770,832
GARY R LIPINSKI MD	DIRECTOR	1.0	Director	$0	$0	$0
JAY BERGMAN	DIRECTOR	1.0	Director	$0	$0	$0
MARK HANSON ESQ	DIRECTOR	1.0	Director	$0	$0	$0
POLLY DAVENPORT	DIRECTOR	0.0	Director	$0	$49,673	$2,135,803
THOMAS RUSSE	DIRECTOR	1.0	Director	$0	$0	$0
CARMEN L PHILLIPS	ASSISTANT SECRETARY	0.0	Officer	$0	$19,238	$105,945
FORREST J WHICHARD	TREASURER	0.0	Officer	$0	$29,739	$283,031
JULIE P ROKNICH	SECRETARY	0.0	Officer	$0	$34,898	$362,618
RICHARD DOUGLAS CARTER	CFO, ASCENSION ILLINOIS	0.0	Officer	$0	$56,059	$1,426,472
KEITH A PARROTT	FORMER OFFICER (END 9/2022)	0.0		$0	$5,700	$1,926,318

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	No data	No data	No data	No data
2024	$482,008,501	$595,067,684	$332,501,974	$-113,059,183
2023	$485,414,131	$496,872,668	$421,117,003	$-11,458,537
2022	$500,088,554	$503,180,397	$414,538,591	$-3,091,843
2021	$514,260,264	$480,146,828	$432,842,599	$34,113,436
2020	$468,159,377	$452,734,056	$320,362,597	$15,425,321
2019	$490,211,822	$479,297,395	$329,743,952	$10,914,427
2018	$492,441,076	$457,419,871	$489,548,392	$35,021,205