Ingalls Health Ventures

EIN: 363239703 501(c)(3) Health Care

Harvey, IL

Total Revenue
$3,776,086
Total Expenses
$5,738,997
Total Assets
$4,376,969
Net Assets
$-115,451,263
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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
1981
Legal Domicile
IL
Phone
7083332300
Tax Period
2022-07-01 to 2023-06-30

Ingalls Health Ventures, founded in 1981, is a community nonprofit in the Health Care sector that reported $3.8M in total revenue in fiscal year 2022. Revenue surged 4487% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 52% operating deficit.

Mission

THE MISSION OF INGALLS HEATH VENTURES (IHV) IS TO SUPPORT INGALLS MEMORIAL HOSPITAL AND THE PROMOTION OF HEALTH IN THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,776,086
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,776,086

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,662,730
Other Expenses $5,738,997
TOTAL EXPENSES $5,738,997

Year-over-Year Comparison

2022 2021 Change
Revenue $3,776,086 $82,322 +44.9%
Expenses $5,738,997 $697,380 +7.2%
Net Income $-1,962,911 $-615,058 +2.2%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$3,190,980
Total Directors
5
$2,458,172
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A INTERIM PRESIDENT (7/10/22 THRU 3/7/23) 1.0
Officer Director
$0 $143,404 $957,706
N/A INTERIM PRESIDENT, INGALLS (EFF. 3/7/23) 1.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER/IMH PRESIDENT (THRU 7/10/22) 1.0
Officer Director
$0 $36,830 $425,007
N/A SECRETARY/TREASURER 1.0
Officer Director
$0 $61,858 $403,505
N/A BOARD MEMBER/PRESIDENT CARE NETWORK 1.0
Director
$0 $109,194 $671,954
N/A CHIEF FINANCIAL OFFICER 1.0
Officer
$0 $211,348 $1,404,762
N/A FORMER SECRETARY/TREASURER (THRU 9/8/2021) 0.0
$0 $23,612 $276,870
N/A FORMER CHIEF FINANCIAL OFFICER (THRU 4/22/21) 0.0
$0 $0 $251,969
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 No data No data No data No data
2023 $3,776,086 $5,738,997 $4,376,969 $-1,962,911
2022 $82,322 $697,380 $2,734,873 $-615,058
2021 $81,764 $274,004 $3,260,689 $-192,240
2020 $79,512 $589,151 $3,752,955 $-509,639
2019 $79,926 $730,894 $3,810,941 $-650,968
2018 $66,793 $1,199,374 $4,631,488 $-1,132,581
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