HILLSBORO AREA HEALTH SYSTEM NFP

EIN: 364539688 501(c)(3) Health Care

Hillsboro, IL

Total Revenue
$377,317
Total Expenses
$184,380
Total Assets
$10,254,878
Net Assets
$10,214,570
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IL
Principal Officer
Michael Alexander
Phone
2175326111
Tax Period
2024-07-01 to 2025-06-30

HILLSBORO AREA HEALTH SYSTEM NFP, founded in 2003, is a small nonprofit in the Health Care sector that reported $377K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $193K, a strong 51% operating margin.

Mission

Hillsboro Area Health System is a charitable organization supporting Hillsboro Area Health Foundation, a non-profit foundation, Hillsboro Area Hospital, a non-profit entity operating a critical access hospital, and Hillsboro Area Health Services, Inc., a non-profit entity operating a wellness center.

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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 $92,417
Investment Income $215,776
Other Revenue $69,124
TOTAL REVENUE $377,317

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,623
Fundraising Expenses $0
Program Expenses $123,335
Other Expenses $151,757
TOTAL EXPENSES $184,380

Year-over-Year Comparison

2024 2023 Change
Revenue $377,317 $532,066 -0.3%
Expenses $184,380 $251,497 -0.3%
Net Income $192,937 $280,569 -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

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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
9
Independent Members
9
Employees
N/A
Volunteers
9

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patty Clarke Director 0.10
Director
$0 $0 $0
Todd Dean Director 0.10
Director
$0 $0 $0
Barb Ryan Director 0.10
Director
$0 $0 $0
Michelle Ondrey Director 0.10
Director
$0 $0 $0
Brian Knodle Director 0.10
Director
$0 $0 $0
Brandi Lentz Director 0.10
Director
$0 $0 $0
John Evans Chairman 0.40
Officer
$0 $0 $0
Barbara Hewitt Secretary/Treasurer 0.20
Officer
$0 $0 $0
Leland Storm Vice Chairman 0.10
Officer
$0 $0 $0
Michael Alexander President 0.20
Officer
$0 $0 $0
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 $377,317 $184,380 $10,254,878 $192,937
2024 $532,066 $251,497 $8,357,381 $280,569
2023 $271,821 $299,296 $8,428,241 $-27,475
2022 $218,049 $312,126 $8,332,759 $-94,077
2021 $230,386 $279,802 $8,207,654 $-49,416
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