Rockford Health Physicians

EIN: 363907436 501(c)(3) Health Care

ROCKFORD, IL

Total Revenue
$127,856,094
Total Expenses
$147,222,214
Total Assets
$123,960,049
Net Assets
$72,766,992
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IL
Phone
8159715000
Tax Period
2022-07-01 to 2023-06-30

Rockford Health Physicians, founded in 1993, is a major nonprofit in the Health Care sector that reported $127.9M in total revenue in fiscal year 2022. Expenses of $147.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO IMPROVE AND PROTECT THE HEALTH AND WELFARE OF THE COMMUNITY, WE HAVE 245 PROVIDERS IN 66 SPECIALTIES. OUR PHYSICIANS ALSO PROVIDE STAFF FOR JAVON BEA HOSPITAL PATIENTS' NEEDS. (IE LEVEL I TRAUMA CENTER, BRAIN & SPINE CENTER, LEVEL III REGIONAL PERINATAL CENTER & NEONATAL ICU).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $14,408
Program Service Revenue $80,126,410
Investment Income $-244,455
Other Revenue $47,959,731
TOTAL REVENUE $127,856,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,972,326
Fundraising Expenses $0
Program Expenses $130,998,740
Other Expenses $37,249,888
TOTAL EXPENSES $147,222,214

Year-over-Year Comparison

2022 2021 Change
Revenue $127,856,094 $132,686,757 0.0%
Expenses $147,222,214 $158,524,296 -0.1%
Net Income $-19,366,120 $-25,837,539 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
6
Employees
961
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
6
$13,075,458
Total Directors
8
$12,184,371
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT/CEO (see schedule J, pages 31-32)) 1.0
Officer Director
$0 $430,877 $11,561,020
N/A Chair & Director 1.0
Officer Director
$0 $0 $19,324
N/A secretary & treasurer 1.0
Officer Director
$0 $0 $12,086
N/A Vice Chair & Director 1.0
Officer Director
$0 $0 $13,500
N/A Director 1.0
Director
$0 $0 $17,334
N/A Director 1.0
Director
$0 $0 $13,500
N/A Director/Physician 1.0
Director
$0 $29,529 $533,652
N/A Director 1.0
Director
$0 $0 $13,955
N/A VP - Revenue Cycle 1.0
Officer
$0 $64,924 $564,224
N/A Vice President/CFO 1.0
Officer
$0 $76,813 $905,304
N/A Physician 40.0
Highest
$1,030,092 $46,846 $1,076,938
N/A Physician 40.0
Highest
$1,014,572 $13,311 $1,027,883
N/A Physician 40.0
Highest
$1,281,911 $84,705 $1,366,616
N/A Physician 40.0
Highest
$1,207,979 $52,764 $1,260,743
N/A Physician 40.0
Highest
$998,077 $59,195 $1,057,272
N/A former VICE-PRESIDENT 0.0
$0 $34,294 $248,165
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 $127,856,094 $147,222,214 $123,960,049 $-19,366,120
2022 $132,686,757 $158,524,296 $119,382,238 $-25,837,539
2021 $154,086,081 $174,514,160 $129,644,299 $-20,428,079
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Rockford Health Physicians with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.