THOMAS H BOYD MEMORIAL HOSPITAL

EIN: 370673461 501(c)(3) Health Care

CARROLLTON, IL

Total Revenue
$15,972,448
Total Expenses
$17,389,316
Total Assets
$7,970,263
Net Assets
$4,042,048
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
IL
Principal Officer
KATHRYN GARNER
Phone
2179426946
Tax Period
2023-09-01 to 2024-08-31

THOMAS H BOYD MEMORIAL HOSPITAL, founded in 1941, is a mid-sized nonprofit in the Health Care sector that reported $16.0M in total revenue in fiscal year 2023.

Mission

PROVIDE QUALITY HEALTH CARE AND PROMOTES WELLNESS FOR THE RESIDENTS IN OUR REGION THROUGH HEALTH SERVICES, INFORMATION RESOURCES, AND EDUCATION.

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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 $738,999
Program Service Revenue $15,005,016
Investment Income $32,822
Other Revenue $195,611
TOTAL REVENUE $15,972,448

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,287,721
Fundraising Expenses $0
Program Expenses $12,861,597
Other Expenses $6,101,595
TOTAL EXPENSES $17,389,316

Year-over-Year Comparison

2023 2022 Change
Revenue $15,972,448 $16,158,224 0.0%
Expenses $17,389,316 $15,565,164 +0.1%
Net Income $-1,416,868 $593,060 -3.4%
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
7
Independent Members
7
Employees
175
Volunteers
10

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
$500,317
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRBY BALLARD PRESIDENT 2.00
Director
$0 $0 $0
JENNY CLOUGH TRUSTEE 2.00
Director
$0 $0 $0
MARY FRANCIS TUNISON VICE PRESIDENT 2.00
Director
$0 $0 $0
MARY PLUMMER SECRETARY 2.00
Director
$0 $0 $0
DIANE WOLFLEY TRUSTEE 2.00
Director
$0 $0 $0
R SCOTT BEAVERS TREASURER 2.00
Director
$0 $0 $0
CHARLES HELTON TRUSTEE 2.00
Director
$0 $0 $0
STACE HOLLAND CEO 40.00
Officer
$89,964 $10,305 $100,269
KATHRYN GARNER CFO 40.00
Officer
$102,767 $32,990 $135,757
DONNA DEWITT INTERM CEO 40.00
Officer
$100,371 $29,771 $130,142
ERICA RIECHMANN CNO 40.00
Officer
$101,449 $32,700 $134,149
MOHAMMED W SIDDIQUI MD PHYSICIAN 40.00
Highest
$343,612 $48,892 $392,504
GULAM SIDDIQUI MD PHYSICIAN 40.00
Highest
$260,566 $34,517 $295,083
RENAN MAPUE MD PHYSICIAN 40.00
Highest
$341,959 $48,892 $390,851
KRIS TEMPLIN RN 40.00
Highest
$188,146 $23,228 $211,374
MICHAEL MCNEAR MD PHYSICIAN 40.00
Highest
$254,345 $31,722 $286,067
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 No data No data No data No data
2024 $15,972,448 $17,389,316 $7,970,263 $-1,416,868
2023 $16,158,224 $15,565,164 $8,176,844 $593,060
2022 $15,752,335 $14,972,684 $8,394,510 $779,651
2021 $19,119,136 $14,082,920 $8,715,649 $5,036,216
2020 $13,069,291 $12,762,714 $8,138,137 $306,577
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