CHESTNUT HEALTH SYSTEMS INC

EIN: 370964629 501(c)(3) Health Care

BLOOMINGTON, IL

Total Revenue
$75,772,262
Total Expenses
$73,554,266
Total Assets
$45,720,193
Net Assets
$31,023,008
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
IL
Principal Officer
DAVID A SHARAR
Phone
3098276026
Tax Period
2023-07-01 to 2024-06-30

CHESTNUT HEALTH SYSTEMS INC, founded in 1970, is a mid-sized nonprofit in the Health Care sector that reported $51.3M in total revenue in fiscal year 2017. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $47.0M left a modest 8% surplus.

Mission

TO PROVIDE A BROAD RANGE OF PROGRAMS AND SERVICES DESIGNED TO PROVIDE FOR THE OVERALL HEALTH, VITALITY AND PRODUCTIVITY OF INDIVIDUALS, FAMILIES, AND ORGANIZATIONS.

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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 $33,816,863
Program Service Revenue $40,449,601
Investment Income $644,678
Other Revenue $861,120
TOTAL REVENUE $75,772,262

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,714,367
Fundraising Expenses $0
Program Expenses $69,540,280
Other Expenses $19,839,899
TOTAL EXPENSES $73,554,266

Year-over-Year Comparison

2023 2022 Change
Revenue $75,772,262 $62,262,315 +0.2%
Expenses $73,554,266 $60,533,831 +0.2%
Net Income $2,217,996 $1,728,484 +0.3%
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
9
Independent Members
9
Employees
956
Volunteers
N/A

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
8
$1,553,111
Total Directors
9
$0
Key Employees
1
$425,599
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA HAAS CHAIRPERSON 2.00
Officer Director
$0 $0 $0
PATRICK BUSCH MEMBER 1.00
Director
$0 $0 $0
JAMES FOLEY VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
JUDY NEUBRANDER MEMBER 1.00
Director
$0 $0 $0
ELIAZAR MENDIOLA SECRETARY 1.00
Officer Director
$0 $0 $0
MARY ANN WEBB MEMBER 1.00
Director
$0 $0 $0
GEORGE WOOD TREASURER 1.00
Officer Director
$0 $0 $0
DENNIS WILMSMEYER MEMBER 1.00
Director
$0 $0 $0
ANGELA ALLEN MEMBER 1.00
Director
$0 $0 $0
MATTHEW S MOLLENHAUER CHIEF CLINICAL OFFICER 40.00
Officer
$252,409 $56,005 $308,414
KAREN RETTICK CFO 40.00
Officer
$249,971 $70,865 $320,836
PUNEET LEEKHA CHIEF OPERATING OFFICER 40.00
Officer
$334,005 $87,452 $421,457
DAVID SHARAR CHIEF EXECUTIVE OFFICER 40.00
Officer
$363,716 $138,688 $502,404
MICHAEL LOUIS DENNIS DIRECTOR OF LI 40.00
Key Emp
$386,911 $38,688 $425,599
DENNIS WATSON SR. RESEARCH SCIENTIST 40.00
Highest
$265,746 $24,070 $289,816
JARED ROGERS MEDICAL DIRECTOR OF CFHC 32.00
Highest
$209,769 $22,980 $232,749
BELINDA WILLIS CHICAGO OFFICE EVALUATION PROGRAM DIRECTOR 40.00
Highest
$167,545 $23,006 $190,551
KEVIN GARNER MEDICAL DIRECTOR OF CFHC 40.00
Highest
$286,314 $16,569 $302,883
ORVILLE MERCER VICE PRESIDENT OF STRATEGY AND INNOVATION 40.00
Highest
$169,065 $15,086 $184,151
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 $75,772,262 $73,554,266 $45,720,193 $2,217,996
2023 $62,262,315 $60,533,831 $42,109,489 $1,728,484
2022 $53,099,042 $58,421,077 $37,254,302 $-5,322,035
2021 $49,757,806 $52,294,076 $42,597,505 $-2,536,270
2020 $43,622,271 $48,753,928 $44,322,409 $-5,131,657
2019 $45,235,266 $46,637,265 $50,081,884 $-1,401,999
2018 $51,254,611 $46,986,392 $49,423,149 $4,268,219
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