Rockford Health Physicians

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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

1993

Legal Domicile

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 IN ACCORDANCE WITH OUR MISSION, THE MISSION OF JAVON BEA HOSPITAL IS "EXCEPTIONAL HEALTH CARE SERVICES WITH A PASSION FOR MAKING LIVES BETTER". WITH A VISION OF QUALITY- EXCELLENCE IN PATIENT CARE, SERVICE - EXCEPTIONAL PATIENT AND CUSTOMER CARE, PARTNERING- BEST PLACE TO WORK AND COST - COST-EFFECTIVE CARE AND A COMMITMENT TO THE VALUES OF: HEALING IN THE BROADEST SENSE, PATIENTS COME FIRST, TREAT EACH OTHER LIKE FAMILY AND ALWAYS SEEK EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $114,889,695 Revenue: $64,808,858

ROCKFORD HEALTH PHYSICIANS (RHPH) IS A MULTI-SPECIALTY PHYSICIAN GROUP OF 224 PHYSICIANS AND 21 ADVANCED PRACTICE PRACTITIONERS THAT HAS 13 SATELLITE AMBULATORY OFFICES AS WELL AS 2 CONVENIENT CARE LOCATIONS THAT PROVIDE FOR NON-LIFE-THREATENING EMERGENCIES AFTER REGULAR OFFICE HOURS. OUR PATIENTS HAVE ACCESS TO BOARD CERTIFIED PRIMARY CARE PHYSICIANS WHO COORDINATE CARE WITHIN OUR PATIENT CENTERED MEDICAL HOME WITH BOARD CERTIFIED SPECIALTY PHYSICIANS. RHPH ALSO OFFERS A COMPREHENSIVE, PATIENT CENTERED, COLLEGE OF SURGEON'S ACCREDITED CANCER TREATMENT CENTER WHICH INCLUDES RADIATION ONCOLOGY, AND IMAGE GUIDED TREATMENTS UTILIZING STATE OF THE ART LINEAR ACCELERATOR TECHNOLOGY. THE WOMEN'S CENTER AT RHPH PROVIDES DIGITAL MAMMOGRAPHY, BREAST ULTRASOUND, STEREOTACTIC BIOPSY, OSTEOPOROSIS TESTING AND UROGYNECOLOGY SERVICES THROUGH OUR FELLOWSHIP TRAINED PHYSICIANS AND NURSE PRACTITIONERS. IN ADDITION, OUR POST ACUTE CARE TEAM PROVIDES SHORT- AND LONG-TERM CARE TO MORE THAN 90 PATIENTS EACH MONTH IN A FACILITY IN NORTHERN ILLINOIS. INPATIENT SERVICES PROVIDED AT Javon Bea Hospital INCLUDE A LEVEL I TRAUMA CENTER, ADULT INTENSIVE CARE UNITS, A DESIGNATED CHILDREN'S MEDICAL CENTER, AND A LEVEL III NEONATAL INTENSIVE CARE UNIT, ACROSS TWO HOSPITAL CAMPUSES. PHYSICIANS ARE AVAILABLE ON CALL 24-7. THERE WERE 380,152 OFFICE VISITS IN FY2023.

Program 2

Expenses: $15,548,282 Revenue: $14,953,733

ANCILLARY MEDICAL SERVICES WERE PERFORMED TO ALLOW PHYSICIANS TO PROVIDE THE PROPER CARE TO ACHIEVE THE BEST OUTCOME FOR EACH PATIENT. THERE WERE 343,368 ANCILLARY TESTS AND PROCEDURES PERFORMED...

ANCILLARY MEDICAL SERVICES WERE PERFORMED TO ALLOW PHYSICIANS TO PROVIDE THE PROPER CARE TO ACHIEVE THE BEST OUTCOME FOR EACH PATIENT. THERE WERE 343,368 ANCILLARY TESTS AND PROCEDURES PERFORMED DURING FY2023. RHPH PROVIDED THESE SERVICES IN CLINICAL AREAS SUCH AS LABORATORY AND RADIOLOGY INCLUDING CT SCANS AND MAMMOGRAPHY. OTHER SUPPORT SERVICES INCLUDED CARDIAC TESTING, GENETIC SERVICES, PULMONARY FUNCTION TESTING, BONE SCANS, PAIN MANAGEMENT, AND PHYSICAL THERAPY.

Program 3

Expenses: $560,763 Revenue: $494,795

RHPH PARTICIPATES IN A MEDICARE PHYSICIAN QUALITY REPORT INCENTIVE PROGRAM TO MEASURE DATA FOR QUALITY EVALUATION. RHPH IS COMMITTED TO PROVIDING SERVICES FOR MATERNAL AND CHILDCARE THROUGH ILLINOIS HEALTH CONNECT, A MEANS-TESTED PROGRAM THAT HELPS KIDS AND FAMILIES GET HEALTH CARE AND STAY HEALTHY BY CHOOSING A MEDICAL HOME. RHPH PARTNERS WITH NEIGHBORING SCHOOLS TO PROVIDE FREE PHYSICALS AND COMMUNITY ORGANIZATIONS TO PROVIDE FREE SCREENINGS. STAFF AND PHYSICIANS PARTICIPATED IN VARIOUS HEALTH FAIRS AND HOSTED EDUCATIONAL FORUMS IN THE COMMUNITIES TO BRING RESIDENTS AN AWARENESS OF HEALTH/WELLNESS RELATED TOPICS- HEART DISEASE AND PREVENTION, HEALTHY EATING, CHILDREN'S HEALTH CONCERNS, AND AGING ISSUES. RHPH ALSO PARTNERS WITH A LOCAL CHURCH IN THE BRIDGE CLINIC TO SERVE UNINSURED AND/OR HOMELESS PEOPLE.

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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 (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

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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

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

$13,075,458

Total Directors

$12,184,371

Key Employees

Highest Compensated

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