OSF Healthcare System (EIN 370813229) - Form 990 Financial Analysis & Trantor Score

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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

1880

Legal Domicile

Phone

3096552850

Tax Period

2023-10-01 to 2024-09-30

OSF Healthcare System, founded in 1880, is a large national nonprofit in the Health Care sector that reported $2.2B in total revenue in fiscal year 2016. Expenses of $1.9B left a modest 14% surplus.

Mission

In the spirit of Christ and the example of Francis of Assisi, the Mission of OSF Healthcare is to serve persons with the greatest care and love in a community that celebrates the gift of life.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,518,127

Program Service Revenue $3,631,088,569

Investment Income $181,196,403

Other Revenue $51,380,411

TOTAL REVENUE $3,909,183,510

Expense Breakdown

Grants Paid $8,593,131

Salaries & Benefits $1,601,502,399

Fundraising Expenses $267,276

Program Expenses $2,693,895,129

Other Expenses $1,745,830,000

TOTAL EXPENSES $3,355,925,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,909,183,510	$3,396,822,840	+0.2%
Expenses	$3,355,925,530	$3,012,001,625	+0.1%
Net Income	$553,257,980	$384,821,215	+0.4%

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

Governance

Voting Members

Independent Members

Employees

21137

Volunteers

1001

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

$27,852,676

Total Directors

$3,356,578

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert C Sehring	Vice Chairperson Chief Executive Officer	40.0	Officer Director	$2,987,377	$76,643	$3,064,020
Sister Agnes Joseph Williams OSF	Assistant Secretary and Treasurer	40.0	Officer Director	$0	$0	$0
Sister Diane Marie McGrew OSF	President and Treasurer (Through June 2024)	40.0	Officer Director	$0	$0	$0
Sister Judith Ann Duvall OSF	Chairperson	40.0	Officer Director	$0	$0	$0
Sister Theresa Ann Brazeau OSF	Secretary	40.0	Officer Director	$0	$0	$0
Brian J Silverstein MD	Board Member	40.0	Director	$45,000	$0	$45,000
Gerald J McShane MD	Board Member	40.0	Director	$31,000	$49,806	$247,558
Sister M Angelica Neumann FSGM	Board Member (Beginning March 2024)	40.0	Director	$0	$0	$0
Sister M Beata Ziegler FSGM	Board Member (Beginning March 2024)	40.0	Director	$0	$0	$0
Sister M Mikela Meidl FSGM	Board Member	40.0	Director	$0	$0	$0
Sister Rose Therese Mann OSF	Board Member	40.0	Director	$0	$0	$0
August J Querciagrossa	Chief Executive Officer, Western Region	40.0	Officer	$811,078	$126,207	$937,285
Carol A Friesen	Chief Executive Officer, Eastern Region	40.0	Officer	$971,996	$147,202	$1,119,198
Christopher M Curry	President, OSF Transitional Care Hospital (Beginning Oct 2023)	40.0	Officer	$72,267	$4,640	$76,907
David Fergus	Chief Supply Chain Officer	40.0	Officer	$521,674	$60,030	$581,704
David M Hall	SVP Info Systems/ Chief Information Officer	40.0	Officer	$676,609	$82,060	$758,669
Dawn C Trompeter	President, OSF HealthCare Saint Elizabeth Medical Center/ Saint Paul Medical Center	1.0	Officer	$0	$59,219	$515,844
Derrick Frazier	President, OSF HealthCare Saint James-John W. Albrecht Medical Center	40.0	Officer	$194,795	$11,479	$206,274
Jacqueline D Kernan	President, OSF HealthCare Saint Clare Medical Center and OSF HealthCare Saint Luke Medical Center	40.0	Officer	$370,672	$56,110	$426,782
James J Mormann	Chief Executive Officer, Integrated Solutions	40.0	Officer	$980,082	$76,643	$1,056,725
Jason R Rodeghero	President, OSF Home Care and Rehab Services	40.0	Officer	$407,697	$60,630	$468,327
Jeffry M Tillery	President, OSF Medical Group (Through April 2024)	1.0	Officer	$0	$67,956	$1,185,950
Jennifer L Ulrich	Interim President, OSF HealthCare St. Joseph Medical Center (Beginning Nov 2023)	40.0	Officer	$271,360	$62,616	$333,976
Jerry W Rumph	President, OSF HealthCare Saint Anthony's Health Center (Through August 2024)	40.0	Officer	$367,657	$34,923	$402,580
John R Evancho	SVP Chief Integrity Officer (Through July 2024)	40.0	Officer	$476,763	$76,396	$553,159
John T Barnhart	President, Heart of Mary Medical Center & Sacred Heart Medical Center	40.0	Officer	$424,438	$55,619	$480,057
Kathleen M Kinsella	President, OSF HealthCare Little Company of Mary Medical Center	40.0	Officer	$567,987	$61,608	$629,595
Kelly A Jefferson	President, OSF HealthCare St. Francis Hospital & Medical Group	40.0	Officer	$362,477	$62,121	$424,598
Leon A Yeh MD	VP Chief Medical Officer Emergency Serv	40.0	Officer	$706,234	$53,108	$760,592
Lisa A Schepers	Interim President, OSF HealthCare Saint Anthony's Health Center (Beginning July 2024)	40.0	Officer	$229,369	$44,361	$273,730
Lisa DeKezel	President, OSF HealthCare Holy Family Medical Center and OSF Healthcare St. Mary Medical Center	40.0	Officer	$407,780	$68,486	$476,266
Lori L Wiegand	Chief Nursing Officer	40.0	Officer	$808,509	$56,479	$864,988
Lynn A Fulton	President, OSF HealthCare St. Joseph Medical Center (Through Dec 2023)	40.0	Officer	$425,461	$63,584	$489,045
Megan L Zakrzewski	President, OSF HealthCare Children's Hospital of Illinois (Beginning Sept 2024)	40.0	Officer	$0	$0	$0
Melinda B Cooling	Senior Vice President, Advanced Practice/ Chief Clinician Executive, OSF OnCall Digital Health	40.0	Officer	$467,340	$51,013	$518,353
Michael A Cruz MD	Chief Operating Officer	40.0	Officer	$1,349,009	$76,643	$1,425,652
Michael A Wells	President, OSF HealthCare Saint Francis Medical Center	40.0	Officer	$594,022	$55,265	$649,287
Michael M Allen	Chief Financial Officer	40.0	Officer	$1,205,633	$170,414	$1,376,047
Michelle D Conger	Chief Strategy Officer, OSF Healthcare/ CEO, OSF OnCall Digital Health	40.0	Officer	$1,055,498	$152,007	$1,207,505
Ned Hill	President, OSF HealthCare Sacred Heart Medical Center (Through July 2024)	40.0	Officer	$412,812	$60,886	$473,698
Paula A Carynski	President, OSF HealthCare Saint Anthony Medical Center	40.0	Officer	$649,279	$70,426	$719,705
Ralph Velazquez MD	System Chief Medical Officer	40.0	Officer	$965,234	$76,643	$1,041,877
Robert G Anderson	Chief Executive Officer, Central Region	40.0	Officer	$939,288	$50,888	$990,176
Robert L Brandfass	SVP Chief Legal Officer	40.0	Officer	$830,188	$76,643	$906,831
Shawn E Piers MD	Interim President, OSF Medical Group (Beginning April 2024)	1.0	Officer	$0	$67,484	$503,417
Shelley A Parn	Chief Human Resources Officer	40.0	Officer	$586,816	$88,877	$675,693
Stephanie H Stovall	Chief Quality Officer (Beginning Sept 2024)	40.0	Officer	$0	$0	$0
Thomas G Hammerton	President OSF Healthcare Foundation and Chief Development Officer	1.0	Officer	$615,658	$126,889	$742,547
Tim J Vega	Chief Population Health Officer (Beginning March 2024)	40.0	Officer	$469,009	$66,608	$535,617
Alyssa A Ceilesh MD	Physician	40.0	Highest	$730,986	$41,836	$772,822
Eric D Webb	Vice President of Sales and Admin Officer	40.0	Highest	$968,000	$53,725	$1,021,725
Iftekhar U Ahmad MD	Physician	40.0	Highest	$938,701	$66,046	$1,004,747
James L McGee MD	Physician	40.0	Highest	$1,051,356	$61,184	$1,112,540
Mete Korkmaz MD	Physician	40.0	Highest	$1,126,277	$74,046	$1,200,323
Bradley V Solberg	Former President, OSF HealthCare Saint James- John W. Albrecht Medical Center	0.0		$184,799	$24,533	$209,332
Elizabeth A Davidson	Former Interim President, OSF Healthcare Saint James-John W. Albrecht Medical Center	0.0		$244,392	$48,135	$292,527
Erin N Rogers	Former Interim President, OSF Healthcare Heart of Mary Medical Center	0.0		$176,114	$60,067	$236,181
Ismael Shaukat MD	Former Physician	N/A		$256,085	$35,411	$291,496
Roxanna Crosser	Former Chief Executive Officer, Western Region	0.0		$422,844	$41,674	$464,518
Stephen E Hippler MD	Former Chief Clinical Officer	0.0		$645,610	$0	$645,610

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	$3,909,183,510	$3,355,925,530	$5,787,940,861	$553,257,980
2023	$3,396,822,840	$3,012,001,625	$5,280,991,110	$384,821,215
2022	$3,195,700,977	$2,895,005,409	$5,108,469,746	$300,695,568
2021	$3,233,049,540	$2,635,982,780	$5,560,746,183	$597,066,760
2020	$2,693,493,973	$2,357,324,579	$5,141,287,534	$336,169,394
2019	$2,622,268,279	$2,267,753,617	$3,826,454,610	$354,514,662
2018	$2,480,289,941	$2,163,616,319	$3,759,557,955	$316,673,622
2017	$2,178,016,343	$1,874,056,282	$3,296,088,110	$303,960,061

OSF Healthcare System