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

Improve health and well-being of community with love, compassion and extraordinary medical care.

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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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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
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
N/A Secretary/Treasurer 0.0
Officer Director
$0 $0 $0
N/A VICE CHAIR BEG 04/01/2023; TRUSTEE 0.0
Officer Director
$0 $0 $3,625
N/A Chair 0.0
Officer Director
$0 $33,314 $686,902
N/A Ex Officio Voting Member // Officer - President, Carle Health - West Region 0.0
Officer Director
$0 $44,092 $1,672,937
N/A VICE CHAIR THRU 03/31/2023; TRUSTEE 0.0
Officer Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $3,625
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Trustee 0.0
Director
$0 $0 $0
N/A Officer - EVP, Chief Finance & Strategy Officer 0.0
Officer
$0 $366,889 $1,762,884
N/A Officer - President & CEO 0.0
Officer
$0 $36,885 $5,726,886
N/A Chief Finance Officer 0.0
Officer
$0 $24,330 $339,225
N/A VP, Finance - West Region 0.0
Officer
$0 $11,595 $274,455
N/A Ex Officio, Non-Voting // Officer - President, Carle Health Regions // EVP, COO 0.0
Officer
$0 $363,305 $1,930,637
N/A Officer - EVP, Chief Medical Officer 0.0
Officer
$0 $115,459 $1,056,334
N/A VP, Greater Peoria Support Services 0.0
Key Emp
$0 $37,319 $296,927
N/A SVP, Surgical Services & Ambulatory Care 0.0
Key Emp
$0 $124,899 $778,898
N/A VP, Greater Peoria Hospital Operations 0.0
Key Emp
$0 $31,831 $638,546
N/A VP, Chief Operating Officer 0.0
Key Emp
$0 $29,089 $866,435
N/A EVP, Chief Human Resources Officer 0.0
Key Emp
$0 $209,640 $1,155,351
N/A VP, Construction & Facility Services 0.0
Key Emp
$0 $68,059 $432,431
N/A Pharmacist 40.0
Highest
$168,924 $18,278 $187,202
N/A Registered Nurse Supervisor 40.0
Highest
$164,263 $33,331 $197,594
N/A Pharmacist 40.0
Highest
$149,373 $13,375 $162,748
N/A Registered Nurse 40.0
Highest
$173,432 $11,377 $184,809
N/A 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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