Hoopeston Community Memorial Hospital (EIN 363637465) - 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

1956

Legal Domicile

Phone

2173833311

Tax Period

2024-01-01 to 2024-12-31

Hoopeston Community Memorial Hospital, founded in 1956, is a mid-sized nonprofit in the Health Care sector that reported $79.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO BE THE TRUSTED PARTNER IN ALL HEALTHCARE DECISIONS AND TO IMPROVE HEALTH BY PROVIDING HIGHLY ACCESSIBLE, WORLD-CLASS CARE AND SERVICES.

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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 $1,572,918

Program Service Revenue $77,312,494

Investment Income $-54,124

Other Revenue $193,586

TOTAL REVENUE $79,024,874

Expense Breakdown

Grants Paid $15,725

Salaries & Benefits $42,975,496

Fundraising Expenses $0

Program Expenses $74,752,857

Other Expenses $36,198,719

TOTAL EXPENSES $79,189,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,024,874	$72,568,055	+0.1%
Expenses	$79,189,940	$72,018,552	+0.1%
Net Income	$-165,066	$549,503	-1.3%

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

Governance

Voting Members

Independent Members

Employees

392

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

$8,038,658

Total Directors

$827,288

Key Employees

$4,830,464

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karla Coon	Chair	1.4	Officer Director	$0	$0	$0
Sally Salmons MD	VICE CHAIR // ASSOCIATE CHIEF MEDICAL OFFICER, AMBULATORY CARE	8.0	Officer Director	$0	$89,466	$558,595
William Nicholls	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
Allison Slocum	BOARD MEMBER & VP, Corporate Integrity Officer	1.0	Director	$0	$33,981	$268,693
Larry Baughn	BOARD MEMBER	1.0	Director	$0	$0	$0
Laura Williams	BOARD MEMBER	1.0	Director	$0	$0	$0
Rachel Kloth	BOARD MEMBER	1.0	Director	$0	$0	$0
Dennis Hesch	Officer - EVP, Chief Finance & Strategy Officer	1.0	Officer	$0	$332,566	$1,507,676
Elizabeth Angelo DNP RN-BC	Officer - President, Carle Health - East Region // CNO	1.0	Officer	$0	$117,677	$738,827
James C Leonard MD	Officer - President & CEO	0.5	Officer	$0	$50,256	$2,348,482
Matthew Kolb JD MHA	Officer - President, Carle Health Regions // EVP, COO	1.0	Officer	$0	$333,703	$1,752,332
Napoleon Knight MD MBA	Officer - EVP, Chief Medical Officer	1.0	Officer	$0	$41,194	$1,132,746
Brook Fisher	Director, Revenue Cycle Denials	3.0	Key Emp	$0	$43,126	$215,760
Caleb Miller	SVP, Surgical Services & Ambulatory Care	1.0	Key Emp	$0	$87,261	$628,236
David Chan MD	Associate Chief Medical Director, Acute Care & Children's Services	1.0	Key Emp	$0	$48,812	$637,672
Heather Tucker	Ex-Officio, Non-Voting; Hospital Administrator	40.0	Key Emp	$213,509	$45,633	$259,142
Jason Hirschi	VP, Primary Care	10.0	Key Emp	$0	$66,612	$285,506
Lauren Schmid MBA	EVP, Chief Human Resources Officer	1.0	Key Emp	$0	$105,168	$983,756
Luke Sullivan	VP, Specialty Care Services	10.0	Key Emp	$0	$65,580	$455,383
Nicholas Crompton	VP, Construction & Facility Services	1.0	Key Emp	$0	$84,556	$387,765
Scott Hendrie	VP, Finance & Treasury	1.0	Key Emp	$0	$52,727	$469,351
Timothy Meneely DO	Medical Director, Carle at the Riverfront	39.0	Key Emp	$0	$105,380	$507,893
Antony Varghese	Physician	40.0	Highest	$668,194	$60,894	$729,088
Bethany Halloran	Physician	40.0	Highest	$503,318	$58,450	$561,768
Daniel Chase	Physician	40.0	Highest	$495,775	$58,450	$554,225
Ramon Vista	Physician	40.0	Highest	$597,124	$40,068	$637,192
Sean Taheri	Physician	40.0	Highest	$807,090	$45,950	$853,040
Blair Rowitz MD	Former Key Employee	0.0		$0	$58,712	$876,953
Douglas Morton MD	Former Key Employee	0.0		$0	$48,812	$597,671
Ikechukwu Uzoaru MD	Former Key Employee	0.0		$0	$50,792	$841,681
Kayla Banks PhD	Former Key Employee	0.0		$0	$63,991	$428,968
Kenneth Aronson MD	Former Key Employee	0.0		$0	$50,376	$769,148
Lesly Whitlow	Former Key Employee	0.0		$0	$59,427	$398,195

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	$79,024,874	$79,189,940	$25,391,846	$-165,066
2023	$72,568,055	$72,018,552	$26,232,610	$549,503
2022	$70,570,991	$72,241,932	$25,822,835	$-1,670,941
2021	$74,275,254	$71,416,227	$27,922,413	$2,859,027
2020	$66,049,970	$69,283,211	$27,899,266	$-3,233,241
2019	$67,330,434	$68,573,974	$28,873,260	$-1,243,540
2018	$62,118,927	$62,260,627	$28,723,603	$-141,700

Hoopeston Community Memorial Hospital