PEKIN MEMORIAL HOSPITAL

EIN: 370692351 501(c)(3) Health Care

URBANA, IL

Total Revenue
$55,038,850
Total Expenses
$55,546,358
Total Assets
$88,977,449
Net Assets
$78,690,685
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
IL
Phone
2173833311
Tax Period
2023-01-01 to 2023-12-31

PEKIN MEMORIAL HOSPITAL, founded in 1913, is a mid-sized nonprofit in the Health Care sector that reported $55.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY AND TO DO SO WITH LOVE, COMPASSION AND EXTRAORDINARY MEDICAL CARE.

Program Service Accomplishments

Program 1
Expenses: $44,415,048 Revenue: $54,420,903

HEALTH-CARE SERVICES PEKIN MEMORIAL HOSPITAL IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE PEKIN, ILLINOIS, AND SURROUNDING COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO...

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HEALTH-CARE SERVICES PEKIN MEMORIAL HOSPITAL IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE PEKIN, ILLINOIS, AND SURROUNDING COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. PEKIN MEMORIAL HOSPITAL PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO TREAT INDIVIDUALS WITH DISEASES, ILLNESS AND INJURIES WITH VARYING COMPLEXITIES. IT PROVIDES SERVICES TO IMPROVE THE HEALTH OF PATIENTS AND TO BETTER THEIR QUALITY OF LIFE. ALL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO COMPENSATE FOR SERVICES RENDERED. THESE INCLUDE, BUT ARE NOT LIMITED TO, GENERAL ACUTE CARE, SURGERIES, INTENSIVE CARE AND CRITICAL CARE AND EMERGENCY SERVICES. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2023, PEKIN MEMORIAL HOSPITAL ADMITTED 1,826 PATIENTS RESULTING IN A TOTAL OF 7,458 PATIENT DAYS. OUTPATIENT VISITS TOTALED 61,928 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 1,513. THERE WERE ALSO 26,699 EMERGENCY ROOM VISITS.

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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 $345,055
Program Service Revenue $54,156,693
Investment Income $43,654
Other Revenue $493,448
TOTAL REVENUE $55,038,850

Expense Breakdown

Grants Paid $72,490
Salaries & Benefits $20,544,626
Fundraising Expenses $0
Program Expenses $44,415,048
Other Expenses $34,929,242
TOTAL EXPENSES $55,546,358

Year-over-Year Comparison

2023 2022 Change
Revenue $55,038,850 $59,332,218 -0.1%
Expenses $55,546,358 $50,719,915 +0.1%
Net Income $-507,508 $8,612,303 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
15
Employees
485
Volunteers
116

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
11
$13,453,885
Total Directors
17
$2,367,089
Key Employees
6
$4,168,588
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Debbie Simon Secretary/Treasurer 0.0
Officer Director
$0 $0 $0
James Stevenson VICE CHAIR BEG 04/01/2023; TRUSTEE 0.0
Officer Director
$0 $0 $3,625
John Wieland MD Chair 0.0
Officer Director
$0 $33,314 $686,902
Keith Knepp MD Ex Officio Voting Member // Officer - President, Carle Health - West Region 0.0
Officer Director
$0 $44,092 $1,672,937
Rich Kriegsman VICE CHAIR THRU 03/31/2023; TRUSTEE 0.0
Officer Director
$0 $0 $0
Aaron Kilgore Trustee 0.0
Director
$0 $0 $0
Amy Darling Trustee 0.0
Director
$0 $0 $0
David Mueller Trustee 0.0
Director
$0 $0 $0
Dennis Triggs JD Trustee 0.0
Director
$0 $0 $3,625
Dirk Roecker Trustee 0.0
Director
$0 $0 $0
Jenna Cicciarelli-Wiesner Trustee 0.0
Director
$0 $0 $0
Jerry Bell EdD Trustee 0.0
Director
$0 $0 $0
Kevin Barbier Trustee 0.0
Director
$0 $0 $0
Melissa Yoder Trustee 0.0
Director
$0 $0 $0
Peter Johnsen PhD Trustee 0.0
Director
$0 $0 $0
Ronald Champagne MD Trustee 0.0
Director
$0 $0 $0
Rusty Dunn Trustee 0.0
Director
$0 $0 $0
Dennis Hesch Officer - EVP, Chief Finance & Strategy Officer 0.0
Officer
$0 $366,889 $1,762,884
James C Leonard MD Officer - President & CEO 0.0
Officer
$0 $36,885 $5,726,886
John Peters Chief Finance Officer 0.0
Officer
$0 $24,330 $339,225
Ken Dicken MBA VP, Finance - West Region 0.0
Officer
$0 $11,595 $274,455
Matthew Kolb JD MHA Ex Officio, Non-Voting // Officer - President, Carle Health Regions // EVP, COO 0.0
Officer
$0 $363,305 $1,930,637
Napoleon Knight MD MBA Officer - EVP, Chief Medical Officer 0.0
Officer
$0 $115,459 $1,056,334
Anthony Howard VP, Greater Peoria Support Services 0.0
Key Emp
$0 $37,319 $296,927
Caleb Miller SVP, Surgical Services & Ambulatory Care 0.0
Key Emp
$0 $124,899 $778,898
Jeanette Murray VP, Greater Peoria Hospital Operations 0.0
Key Emp
$0 $31,831 $638,546
Jeanine Spain VP, Chief Operating Officer 0.0
Key Emp
$0 $29,089 $866,435
Lauren Schmid MBA EVP, Chief Human Resources Officer 0.0
Key Emp
$0 $209,640 $1,155,351
Nicholas Crompton VP, Construction & Facility Services 0.0
Key Emp
$0 $68,059 $432,431
Ashokkumar Patel Pharmacist 40.0
Highest
$168,924 $18,278 $187,202
Destiny Hart Registered Nurse Supervisor 40.0
Highest
$164,263 $33,331 $197,594
Kaitlyn Szmania Pharmacist 40.0
Highest
$149,373 $13,375 $162,748
Kingsley Akpan Registered Nurse 40.0
Highest
$173,432 $11,377 $184,809
Matthew Reeb Pharmacist 40.0
Highest
$174,433 $29,351 $203,784
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 No data No data No data No data
2023 $55,038,850 $55,546,358 $88,977,449 $-507,508
2023 $55,038,850 $55,546,358 $88,977,449 $-507,508
2022 $59,332,218 $50,719,915 $58,132,827 $8,612,303
2021 $60,677,158 $48,213,459 $70,050,108 $12,463,699
2020 $48,690,478 $48,548,838 $60,873,924 $141,640
2019 $54,134,071 $50,118,668 $51,902,058 $4,015,403
2018 $59,054,082 $57,377,241 $63,999,249 $1,676,841
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