BLESSING HOSPITAL

EIN: 370661183 501(c)(3) Health Care

QUINCY, IL

Total Revenue
$704,735,162
Total Expenses
$687,641,188
Total Assets
$806,578,528
Net Assets
$525,288,582
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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
1873
Legal Domicile
IL
Principal Officer
TIM TRANOR
Phone
2172231200
Tax Period
2023-10-01 to 2024-09-30

BLESSING HOSPITAL, founded in 1873, is a major nonprofit in the Health Care sector that reported $455.4M in total revenue in fiscal year 2017. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $89.8M, a strong 20% operating margin.

Mission

BLESSING HOSPITAL'S MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,069,653
Program Service Revenue $650,383,762
Investment Income $25,998,789
Other Revenue $23,282,958
TOTAL REVENUE $704,735,162

Expense Breakdown

Grants Paid $4,362,864
Salaries & Benefits $373,537,270
Fundraising Expenses $0
Program Expenses $546,703,307
Other Expenses $309,741,054
TOTAL EXPENSES $687,641,188

Year-over-Year Comparison

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%
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
15
Independent Members
10
Employees
4486
Volunteers
391

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
5
$2,438,821
Total Directors
19
$6,431,030
Key Employees
2
$1,251,332
Highest Compensated
5
reported
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
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 $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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