SIU PHYSICIANS & SURGEONS INC

EIN: 364143823 501(c)(3) Health Care

SPRINGFIELD, IL

Total Revenue
$182,719,252
Total Expenses
$181,848,935
Total Assets
$121,529,591
Net Assets
$106,872,846
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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
1997
Legal Domicile
IL
Principal Officer
JOHN HORVAT
Phone
2175452110
Tax Period
2024-07-01 to 2025-06-30

SIU PHYSICIANS & SURGEONS INC, founded in 1997, is a major nonprofit in the Health Care sector that reported $182.7M in total revenue in fiscal year 2024.

Mission

ASSIST SOUTHERN ILLINOIS UNIVERSITY SCHOOL OF MEDICINE'S MEDICAL EDUCATION ACTIVITIES THROUGH PROVIDING PATIENT CARE.

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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 $0
Program Service Revenue $179,329,534
Investment Income $3,389,718
Other Revenue $0
TOTAL REVENUE $182,719,252

Expense Breakdown

Grants Paid $0
Salaries & Benefits $47,555,233
Fundraising Expenses $0
Program Expenses $160,615,802
Other Expenses $134,293,702
TOTAL EXPENSES $181,848,935

Year-over-Year Comparison

2024 2023 Change
Revenue $182,719,252 $179,374,742 +0.0%
Expenses $181,848,935 $159,154,682 +0.1%
Net Income $870,317 $20,220,060 -1.0%
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
11
Independent Members
3
Employees
338
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
4
$1,855,135
Total Directors
11
$5,209,078
Key Employees
2
$547,789
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLACKWELL ROBERT BOARD MEMBER 2.00
Director
$0 $0 $0
FLACK MD JOHN FACULTY BOARD MEMBER 24.50
Director
$13,508 $5,649 $758,875
KHAN MD AZIZ FACULTY BOARD MEMBER 24.50
Director
$222,405 $42,292 $851,636
KRUSE MD JERRY DEAN AND CEO 24.50
Officer Director
$271,722 $135,686 $1,012,328
LORET DE MOLA MD RICARDO FACULTY BOARD MEMBE 24.50
Director
$401,573 $66,353 $997,016
MCCRADY RYAN BOARD MEMBER 2.00
Director
$0 $0 $0
NIMAVAT DHARMENDRA FACULTY BOARD MEMBER 24.50
Director
$133,760 $35,712 $425,468
RAKINIC JAN FACULTY BOARD MEMBER 24.50
Director
$77,321 $12,963 $320,948
STAFFORD LUCY VICE CHAIR 2.00
Officer Director
$0 $0 $0
UNAL SHEREF TREASURER 24.50
Officer Director
$51,374 $14,007 $211,858
WOLF MD KARI CHAIR 24.50
Officer Director
$26,121 $8,802 $630,949
HORVAT JOHN KEY EMPLOYEE 24.50
Key Emp
$8,333 $2,906 $328,332
LYNN MICHELLE KEY EMPLOYEE 24.50
Key Emp
$0 $0 $219,457
ABRAMS MD ROBERT PHYSICIAN 24.50
Highest
$442,950 $68,272 $1,032,331
FRANKEL BRUCE PHYSICIAN 24.50
Highest
$554,234 $92,268 $1,292,795
HAZELRIGG MD STEPHEN PHYSICIAN 24.50
Highest
$500,654 $58,019 $1,091,239
JONES BRECK PHYSICIAN 24.50
Highest
$658,130 $99,527 $1,203,576
NEUMEISTER MD MICHAEL PHYSICIAN 24.50
Highest
$421,956 $75,409 $1,278,438
BATTON MD BEAU FORMER FACULTY BOARD MEMBER 24.50
$150,789 $24,883 $521,562
MINER MD MICHELLE FORMER FACULTY BOARD MEMBER 24.50
$104,805 $11,587 $226,216
CRABTREE TRAVES FORMER HIGHEST 24.50
$296,978 $46,805 $846,754
CROSBY DANA FORMER HIGHEST 24.50
$229,431 $48,169 $919,920
SCHWARTZ MD BRADLEY FORMER HIGHEST 24.50
$326,041 $62,645 $934,046
SOMMER MD NICOLE FORMER HIGHEST 24.50
$408,156 $64,582 $818,155
STEVENS MD WILLIAM FORMER HIGHEST 24.50
$640,420 $58,382 $995,346
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 $182,719,252 $181,848,935 $121,529,591 $870,317
2024 $179,374,742 $159,154,682 $120,952,813 $20,220,060
2023 $155,600,365 $141,749,199 $95,098,583 $13,851,166
2022 $122,117,938 $126,336,741 $85,083,980 $-4,218,803
2021 $124,533,122 $107,036,376 $86,042,575 $17,496,746
2020 $110,544,572 $103,879,269 $67,550,235 $6,665,303
2019 $116,967,989 $106,165,277 $62,040,034 $10,802,712
2018 $99,496,392 $105,899,864 $49,978,831 $-6,403,472
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