QUINCY, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BLESSING HOSPITAL, founded in 1873, is a major nonprofit in the Health Care sector that reported $704.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.
BLESSING HOSPITAL'S MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITIES.
SINCE IT WAS FOUNDED IN 1873, BLESSING HOSPITAL HAS PROVIDED QUALITY HEALTH CARE SERVICES TO ALL PATIENTS REGARDLESS OF RACE, SEX, NATIONAL ORIGIN, AGE, OR ABILITY TO PAY. IN SERVING ALL MEMBERS OF...
SINCE IT WAS FOUNDED IN 1873, BLESSING HOSPITAL HAS PROVIDED QUALITY HEALTH CARE SERVICES TO ALL PATIENTS REGARDLESS OF RACE, SEX, NATIONAL ORIGIN, AGE, OR ABILITY TO PAY. IN SERVING ALL MEMBERS OF ITS COMMUNITIES, BLESSING HOSPITAL CONTINUES THIS TRADITION BY PROVIDING FREE/SUBSIDIZED CARE, CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT LESS THAN FULL CHARGES, AND COMMUNITY HEALTH/EDUCATION/WELLNESS PROGRAMS. FOR FISCAL YEAR 2024, THE COST OF CHARITY CARE PROVIDED WAS 7,183,012 AND MEDICARE SHORTFALLS WERE 100,288,631. BLESSING HOSPITAL TREATED PATIENTS THROUGH THE FOLLOWING SERVICES DURING FISCAL YEAR 2024: 40,821 EMERGENCY CENTER VISITS; 575,586 OUTPATIENT VISITS; 15,240 SURGICAL OPERATIONS, INCLUDING 165 OPEN HEART SURGERIES, 14,914 INPATIENT ADMISSIONS, AND 1,157 BABIES. OUTPATIENT SERVICES INCLUDED 91,836 CARDIOPULMONARY/CARDIOLOGY PROCEDURES, 1,108,122 LABORATORY TESTS, 126,256 RADIOLOGY PROCEDURES, AND 140,077 PHYSICAL THERAPY/REHABILITATION VISITS. BLESSING HOSPITAL PROVIDED ADDITIONAL BENEFITS OF 8,191,394 TO THE COMMUNITY DURING FISCAL YEAR 2024 AS FOLLOWS: HEALTH PROFESSIONALS EDUCATION SIU RESIDENCY PROGRAM 2,707,717 BLESSING-RIEMAN COLLEGE OF NURSING 2,826,331 NURSING EDUCATIONAL PRECEPTORS 36,842 SUB TOTAL HEALTH PROFESSIONALS EDUCATION 5,570,890 COMMUNITY HEALTH IMPROVEMENT SERVICES ADAMS COUNTY HEALTH DEPARTMENT DENTAL PROGRAM 100,000 PATIENT TRANSPORTATION AND LODGING 395,163 CHARITY PHARMACY PRESCRIPTIONS 731,535 HEALTH SCREENINGS/TESTS 101,197 MEDICAL SUPPLIES/SERVICES FOR PATIENTS 58,400 BEHAVIORAL HEALTH EDUCATIONAL PROGRAMS 8,753 MEDICAL INTERPRETING SERVICES 37,138 SUB TOTAL COMMUNITY HEALTH IMPROVEMENT SERVICES 1,432,186 SIU CENTER FOR FAMILY MEDICINE - QUINCY, CHADDOCK, AND TRANSITIONS OF WESTERN ILLINOIS SUBSIDIZED HEALTH SERVICES CARE COORDINATION 1,159,948 SUB TOTAL SUBSIDIZED HEALTH SERVICES 1,159,948 IN-KIND CONTRIBUTIONS/DONATIONS DONATIONS/SPONSORSHIPS 28,370 SUB TOTAL IN-KIND CONTRIBUTIONS/DONATIONS 28,370 BLESSING HOSPITAL'S STRATEGIC OBJECTIVES FOR THE UPCOMING YEARS ARE AS FOLLOWS: 1) QUALITY ZERO HARM A) REDUCE PATIENT HARM EVENTS BY 15% PER YEAR 2) BEST PLACE TO WORK A) INCREASE EMPLOYEE SATISFICATION TO >= 8.0 3) PATIENT EXPERIENCE A) INCREASE PATIENT EXPERIENCE (ALWAYS RECOMMEND) TO 82% 4) ACCESS TO CARE A) INCREASE CLINIC VISITS PER DAY BY 5% 5) FISCAL HEALTH A) CONTROL EXPENSES AND INCREASE REVENUE B) ACHIEVE GREATER THAN 200 DAYS CASH ON HAND C) ACHIEVE GREATER THAN 1% OPERATING MARGIN 6) ELECTRONIC HEALTH RECORD CHANGE A) ON TIME/ON BUDGET B) STANDARDIZATION
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $704,735,162 | $625,066,977 | +0.1% |
| Expenses | $687,641,188 | $602,108,120 | +0.1% |
| Net Income | $17,093,974 | $22,958,857 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MAUREEN A KAHN RETIRED 7123 | FORM.BCS/BH | N/A |
|
$0 | $214,544 | $1,613,614 |
| DR HUMAM FARAH | CLINIC PHYSI | 40.00 |
Highest
|
$1,393,498 | $35,797 | $1,429,295 |
| DR HARSHA POLAVARAPU TERMED 124 | TRUSTEE | 40.00 |
Director
|
$1,347,867 | $40,489 | $1,388,356 |
| DR JOHN H ARNOLD | PRES OF MED | 40.00 |
Director
|
$1,345,956 | $36,524 | $1,382,480 |
| DR DARR W LEUTZ | CLINIC PHYSI | 40.00 |
Highest
|
$1,278,641 | $54,094 | $1,332,735 |
| DR WILLIAM C SEVERINO | CLINIC PHYSI | 40.00 |
Highest
|
$1,147,893 | $52,359 | $1,200,252 |
| DR DAVID C LIEBER | CLINIC PHYSI | 40.00 |
Highest
|
$1,145,937 | $52,359 | $1,198,296 |
| DR JOHN P OLSON | CLINIC PHYSI | 40.00 |
Highest
|
$1,101,032 | $25,665 | $1,126,697 |
| BRIAN T CANFIELD | PRES/CEO BCS | 0.00 |
Officer
Director
|
$0 | $142,463 | $1,118,590 |
| STEVEN W KRAUSE | TRUSTEE | 40.00 |
Director
|
$1,071,585 | $40,489 | $1,112,074 |
| PATRICK M GERVELER | TREASURER | 0.00 |
Officer
|
$0 | $136,905 | $968,459 |
| DR JOHN D HAMMOCK TERMED 124 | TRUSTEE | 40.00 |
Director
|
$832,407 | $37,030 | $869,437 |
| DR CHRISTOPHER R SOLARO | CHIEF MEDICA | 40.00 |
Key Emp
|
$772,362 | $32,293 | $804,655 |
| TIMOTHY L TRANOR | CHIEF NURSIN | 40.00 |
Key Emp
|
$408,713 | $37,964 | $446,677 |
| JUSTIN R HALE | SECRETARY | 0.00 |
Officer
|
$0 | $35,066 | $351,772 |
| DR TIMOTHI J BETH | TRUSTEE | 40.00 |
Director
|
$289,964 | $26,994 | $316,958 |
| DR ABBY REICH | TRUSTEE | 40.00 |
Director
|
$217,581 | $25,554 | $243,135 |
| MARK BAUMANN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY BLUHM | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE BRINK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHERINE 'JEANNIE' GOODMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALLISON HALL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY D KOONTZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR THOMAS H MILLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES RINELLA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SAYEED ALI | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEN VAN NESS | BOARD VICE-C | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID BOSTER TERMED 1223 | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER J NIEMANNTERMED 1223 | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $704,735,162 | $687,641,188 | $806,578,528 | $17,093,974 |
| 2023 | $625,066,977 | $602,108,120 | $758,035,073 | $22,958,857 |
| 2022 | $590,268,525 | $536,357,023 | $685,386,611 | $53,911,502 |
| 2021 | $575,471,430 | $468,498,751 | $780,426,354 | $106,972,679 |
| 2020 | $495,453,993 | $399,452,024 | $750,159,833 | $96,001,969 |
| 2019 | $462,478,418 | $372,800,582 | $638,426,630 | $89,677,836 |
| 2018 | $455,409,651 | $365,582,720 | $555,365,606 | $89,826,931 |
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