WATSEKA, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IROQUOIS MEMORIAL HOSPITAL & RESIDENT HOME, founded in 1914, is a mid-sized nonprofit in the Health Care sector that reported $45.5M in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.5M, a strong 17% operating margin.
IROQUOIS MEMORIAL HOSPITAL & RESIDENT HOME IS COMMITTED TO PROVIDING QUALITY HEALTHCARE SERVICES FOR THE REGION IN A CONVENIENT, CARING ENVIRONMENT.
IROQUOIS MEMORIAL HOSPITAL AND RESIDENT HOME PROVIDES HIGH QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR...
IROQUOIS MEMORIAL HOSPITAL AND RESIDENT HOME PROVIDES HIGH QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THE HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH THE HOSPITAL'S COMMITMENT TO SERVE ALL MEMBERS OF OUR COMMUNITY, SOME CARE IS PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST. THE COMMUNITY WILL BE CONSIDERED WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY EXIST. THESE ACTIVITIES INCLUDE PREVENTION AND WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, AND SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, AND THE MEDICAL UNDERSERVED INCLUDING A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES.THE HOSPITAL IS LOCATED IN WATSEKA, ILLINOIS AND SERVES THE SURROUNDING COMMUNITIES IN IROQUOIS COUNTY AND WEST-CENTRAL INDIANA. THERE ARE OUTPATIENT CLINICS MAINTAINED IN GILMAN, MILFORD, ST ANNE, AND WATSEKA, ILLINOIS AS WELL AS KENTLAND, INDIANA. THE HOSPITAL PROVIDES BEDS FOR ACUTE CARE, INTENSIVE CARE, NURSERY, AND LONG-TERM CARE. THE HOSPITAL ALSO PROVIDES AMBULANCE SERVICES TO MOST OF IROQUOIS COUNTY WITH STATIONS IN GILMAN AND WATSEKA. HOME HEALTH AND HOSPICE PROVIDE SERVICES TO WATSEKA AND SURROUNDING COMMUNITIES IN THE HOSPITAL'S SERVICE AREA. THE IROQUOIS REGIONAL HEALTH CENTER HOUSES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPIES. THE HOSPITAL IS CERTIFIED TO PROVIDE CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICE ARE PROVIDED TO BOTH MEDICARE AND MEDICAID PATIENTS. TO THE EXTENT REIMBURSEMENT IS BELOW COST, THE HOSPITAL RECORDS THESE AMOUNTS AS UNCOMPENSATED CARE IN MEETING ITS MISSION TO THE ENTIRE COMMUNITY.IROQUOIS MEMORIAL HOSPITAL PROVIDES NON-TRADITIONAL HOSPITAL BASED SERVICES SUCH AS AMBULANCE COVERAGE TO WATSEKA AND THE SURROUNDING IROQUOIS COUNTY COMMUNITIES. IN ADDITION TO THE COSTS OF UNCOMPENSATED CARE AND OTHER NON-TRADITIONAL SERVICES, IROQUOIS MEMORIAL HOSPITAL & RESIDENT HOME COMMITTED SIGNIFICANT TIME AND RESOURCES TO ENDEAVORS AND OTHER CRITICAL SERVICES WHICH MEET OTHERWISE UNFILLED COMMUNITY NEEDS. SOME OF THOSE PROGRAMS THAT FURTHER THE HOSPITAL'S MISSION INCLUDE: - AMBULANCE SUPPORT FOR SPORTING EVENTS AND SURROUNDING VOLUNTEERS- AMBULANCE DEPARTMENTS- BLOOD DRIVES- BREAST CANCER AWARENESS EVENT- BREAST-FEEDING CLASSES FOR EXPECTANT MOTHERS- CAMP 911 SAFETY PROGRAMS FOR AREA SCHOOL CHILDREN- FARM SAFETY EDUCATION- FIRST AID FOR LOCALLY COMMUNITY EVENTS- FREE AND REDUCED FEE HEALTH SCREENINGS- FREE BLOOD PRESSURE SCREENINGS- FREE CPR TRAINING FOR THE PUBLIC- GO RED HEALTHY HEART EVENT- HEALTH-RELATED ARTICLES IN LOCAL PUBLICATIONS- BIRTHING CLASSES- LIFELINE- MEALS ON WHEELS- SPEAKER'S BUREAU- TOURS FOR AREA SCHOOL CHILDREN
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $45,486,602 | $37,217,727 | +0.2% |
| Expenses | $37,958,969 | $37,984,332 | 0.0% |
| Net Income | $7,527,633 | $-766,605 | -10.8% |
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 |
|---|---|---|---|---|---|---|
| ROGER DITTRICH | CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUG GEIGER | VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| RHONDA PENCE | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHILIP ZUMWALT MD | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARA MIKUTA | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| DAN TINCHER | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| SHAWN BRANSKY | CFO | 40.00 |
Officer
|
$169,991 | $0 | $169,991 |
| MICHAEL TILSTRA | CEO | 40.00 |
Officer
|
$222,054 | $0 | $222,054 |
| THOMAS MCCANN | VP OF ANCILLARY SERVICES | 40.00 |
Officer
|
$121,170 | $32,508 | $153,678 |
| MICHELLE FAIRLEY | CNO | 40.00 |
Officer
|
$120,398 | $41,720 | $162,118 |
| GONZOLO RLORIDO | PHYSICIAN | 40.00 |
Highest
|
$338,666 | $31,661 | $370,327 |
| M HYTHAM BECK | PHYSICIAN | 40.00 |
Highest
|
$330,074 | $43,918 | $373,992 |
| CRISTANTO REYES | PHYSICIAN | 40.00 |
Highest
|
$207,379 | $45,099 | $252,478 |
| RODNEY ALFORD | PHYSICIAN | 40.00 |
Highest
|
$171,777 | $32,017 | $203,794 |
| TERESITA TORRES | PHYSICIAN | 40.00 |
Highest
|
$197,429 | $11,375 | $208,804 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $45,486,602 | $37,958,969 | $27,293,312 | $7,527,633 |
| 2021 | $40,541,760 | $33,660,729 | $26,607,125 | $6,881,031 |
| 2020 | $26,357,941 | $31,431,201 | $25,593,973 | $-5,073,260 |
| 2019 | $28,564,550 | $32,598,688 | $21,987,582 | $-4,034,138 |
| 2018 | $34,691,788 | $35,995,150 | $26,897,364 | $-1,303,362 |
| 2018 | $35,554,096 | $36,012,630 | $27,512,837 | $-458,534 |
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