Centegra Health System (EIN 363196559) - 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

1982

Legal Domicile

Principal Officer

MICHAEL EESLEY

Phone

3129262000

Tax Period

2017-07-01 to 2018-06-30

Centegra Health System, founded in 1982, is a major nonprofit that reported $174.2M in total revenue in fiscal year 2017. Revenue decreased 7% compared to the prior year. Expenses of $218.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

Form 990 Part III Line 1 The primary mission of the Centegra Health System is to inspire and engage our community in their health and wellness. We coordinate the delivery of quality health care services with the innovative and responsible use of resources to promote wellness for the greater McHenry County area in Illinois.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $172,424,962

Investment Income $1,756,160

Other Revenue $0

TOTAL REVENUE $174,181,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,199,807

Fundraising Expenses $0

Program Expenses $177,256,041

Other Expenses $120,931,489

TOTAL EXPENSES $218,131,296

Year-over-Year Comparison

	2017	2016	Change
Revenue	$174,181,122	$186,970,535	-0.1%
Expenses	$218,131,296	$233,415,651	-0.1%
Net Income	$-43,950,174	$-46,445,116	-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

1114

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

$4,316,560

Total Directors

$3,072,355

Key Employees

$4,273,720

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL EESLEY	CHIEF EXECUTIVE OFFICER	40.0	Officer Director	$2,316,338	$46,299	$2,362,637
CHARIE ZANCK	BOARD OF GOVERNORS	2.0	Director	$0	$0	$0
CHARLES RUTH	BOARD OF GOVERNORS	1.0	Director	$0	$0	$0
CHRIS NEWKIRK	BOARD OF GOVERNORS	1.0	Director	$0	$0	$0
DAVE DOMEK	BOARD OF GOVERNORS	1.0	Director	$0	$0	$0
IRFAN HAFIZ	SVP - CMO	40.0	Director	$420,299	$1,976	$422,275
JIM THORPE	BOARD OF GOVERNORS	1.0	Director	$0	$0	$0
LISA GLOSSON MD	BOARD OF GOVERNORS	40.0	Director	$256,745	$30,698	$287,443
MICHAEL LUECHT	BOARD OF GOVERNORS	2.0	Director	$0	$0	$0
MICHAEL CURRAN	BOARD OF GOVERNORS	1.0	Director	$0	$0	$0
PAULA DORION GRAY	BOARD OF GOVERNORS	1.0	Director	$0	$0	$0
TERRANCE BUGNO	BOARD OF GOVERNORS	1.0	Director	$0	$0	$0
TOM CAREY	Board of Governors	2.0	Director	$0	$0	$0
WILLIAM BUSSE	Board of Governors	1.0	Director	$0	$0	$0
DAVID TOMLINSON	EVP - CFO	38.0	Officer	$1,044,771	$63,657	$1,108,428
Jason Sciarro	President/COO- Termed 5/2018	40.0	Officer	$785,924	$59,571	$845,495
AARON SHEPLEY	PRESIDENT CIS AND GEN COUNSEL	40.0	Key Emp	$776,878	$62,983	$839,861
BERNADETTE SZCZEPANSKI	SVP - HUMAN RESOURCES	40.0	Key Emp	$515,542	$21,726	$537,268
CYNTHIA ROONEY-OLSON	VP - CENTEGRA FOUNDATION	0.0	Key Emp	$325,914	$45,497	$371,411
ERIC ZORNOW	VP - FINANCE & TREASURY	30.0	Key Emp	$243,425	$65,906	$309,331
HADLEY STRENG	SVP - STRATEGY & DEVELOPMENT	40.0	Key Emp	$348,833	$63,073	$411,906
KATHLEEN BAYER	SVP - CIO	40.0	Key Emp	$333,385	$32,217	$365,602
KUMAR NATHAN	PRESIDENT - CHH & CLINICAL EFF	40.0	Key Emp	$571,084	$62,277	$633,361
MATTIAS CARLEN	SVP - CHW & AMBULATORY SVC	40.0	Key Emp	$386,270	$36,888	$423,158
PEGGY NORTON-ROSKO	SVP - CNO	40.0	Key Emp	$323,823	$57,999	$381,822
Benjamin Nager	Med Dir Ceuro	40.0	Highest	$1,001,372	$61,107	$1,062,479
Harpreet Basran	Dr Orthopedics	40.0	Highest	$1,387,405	$4,750	$1,392,155
Justin Gent	Dr Orthopedics	40.0	Highest	$1,028,737	$61,039	$1,089,776
Priyesh Patel	Dr Orthopedics	40.0	Highest	$1,127,852	$63,204	$1,191,056
William Cox	Dr Orthopedics	40.0	Highest	$1,504,041	$61,107	$1,565,148

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
2018	$174,181,122	$218,131,296	$107,509,510	$-43,950,174

Centegra Health System