MORRIS HOSPITAL FOUNDATION

EIN: 363939156 501(c)(3) Health Care

MORRIS, IL

Total Revenue
$1,507,768
Total Expenses
$922,893
Total Assets
$4,980,869
Net Assets
$4,980,869
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IL
Phone
8159422932
Tax Period
2024-01-01 to 2024-12-31

MORRIS HOSPITAL FOUNDATION, founded in 1994, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $585K, a strong 39% operating margin.

Mission

THE MORRIS HOSPITAL FOUNDATION'S PURPOSE IS TO PROMOTE AND ACCEPT PHILANTHROPIC SUPPORT FOR MORRIS HOSPITAL & HEALTHCARE CENTERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,106,573
Program Service Revenue $0
Investment Income $401,195
Other Revenue $0
TOTAL REVENUE $1,507,768

Expense Breakdown

Grants Paid $762,820
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $837,893
Other Expenses $160,073
TOTAL EXPENSES $922,893

Year-over-Year Comparison

2024 2023 Change
Revenue $1,507,768 $594,661 +1.5%
Expenses $922,893 $945,778 0.0%
Net Income $584,875 $-351,117 -2.7%
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
17
Independent Members
17
Employees
N/A
Volunteers
15

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
$1,380,289
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George McComb President - Foundation 1.0
Officer Director
$0 $0 $0
Grant Whybark Secretary 1.0
Officer Director
$0 $0 $0
Joan Harrop Vice President 1.0
Officer Director
$0 $0 $0
Pete Brummel Treasurer 1.0
Officer Director
$0 $0 $0
Becky DiVincenzo Director 1.0
Director
$0 $0 $0
Carol Havel Director 1.0
Director
$0 $0 $0
Debbie Bols Director thru dec 2024 1.0
Director
$0 $0 $0
Dr Beatriz Setrini Director thru dec 2024 1.0
Director
$0 $0 $0
Gina Hubert Director 1.0
Director
$0 $0 $0
Greg Lyons Director 1.0
Director
$0 $0 $0
Jeff Maierhofer Director 1.0
Director
$0 $0 $0
Judie Roth Director 1.0
Director
$0 $0 $0
Matt Baskerville Director 1.0
Director
$0 $0 $0
Nicole Schaefer Director 1.0
Director
$0 $0 $0
Shawn Hornsby Director 1.0
Director
$0 $0 $0
Sue Szumski Director 1.0
Director
$0 $0 $0
Tania Schwer Director 1.0
Director
$0 $0 $0
Michael Lawrence CFO 1.0
Officer
$0 $37,617 $525,048
Thomas Dohm President/CEO 1.0
Officer
$0 $54,801 $855,241
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 $1,507,768 $922,893 $4,980,869 $584,875
2023 $594,661 $945,778 $4,578,162 $-351,117
2022 $1,666,830 $1,064,672 $4,487,968 $602,158
2021 $488,132 $225,331 $4,611,308 $262,801
2020 $276,748 $127,627 $4,149,490 $149,121
2019 $826,580 $759,156 $3,677,103 $67,424
2018 $497,319 $355,813 $3,441,357 $141,506
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