Carle Health - West Region - Form 990 Financial Data

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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

1981

Legal Domicile

Phone

2173833311

Tax Period

2023-01-01 to 2023-12-31

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A NOT-FOR-PROFIT CORPORATION FOR PURPOSES THAT ARE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE "CODE"). IN FURTHERANCE FO SUCH CHARITABLE PURPOSES, THE CORPORATION SHALL ENGAGE IN ACTIVITIES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE FOLLOWING HEALTHCARE ORGANIZATIONS THAT ARE AFFILIATED WITH THE CORPORATION THROUGH THE PROVISION OF MANAGERIAL ASSISTANCE AND FACILITATION OF FINANCIAL ASSISTANCE THROUGH SUCH ENTITIES: METHODIST MEDICAL CENTER OF ILLINOIS, PEKIN MEMORIAL HOSPITAL, AND PROCTOR HOSPITAL.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

IN 2023, THE CARLE HEALTH SYSTEM IMPLEMENTED A NEW CORPORATE GOVERNANCE STRUCTURE AND CREATED A CARLE HEALTH SYSTEM BOARD OF TRUSTEES. THERE ARE FIVE REGIONAL BOARDS INCLUDING THE WEST REGIONAL BOARD (WRB) UNDER THIS SYSTEM BOARD. THE WRB HAS OVERSIGHT RESPONSIBILITY FOR THE CARLE HEALTH PROVIDER ENTITIES IN THE PEORIA AND PEKIN AREAS. THE HEALTH SYSTEMS IN THIS REGION WERE PURCHASED BY CARLE HEALTH IN 2023. THE BOARD APPROVED TRANSFER OF THE CENTRAL ILLINOIS PENSION PLAN SPONSORSHIP, ADOPTION OF ASSUMED NAMES, AND INTEGRATION OF FINANCIAL AND HEALTHCARE REPORTING SYSTEMS TO ALIGN WITH THOSE USED AT CARLE HEALTH SYSTEM. THE QUALITY COMMITTEE APPROVED CREDENTIALING GUIDELINES AS WELL AS MEDICAL STAFF APPOINTMENTS, REAPPOINTMENTS, AND RESIGNATIONS. THE ADMIN DISCHARGE UNIT WAS ESTABLISHED TO MANAGE PATIENT FLOW AND EVALUATE THE IMPACT ON EMERGENCY ROOM WAIT TIMES. THE COMMUNITY HEALTH INITIATIVE COMMITTEE WORKED TO REVIEW UPDATES ON THE COMMUNITY HEALTH INITIATIVES PLAN. THIS PLAN IS DERIVED FROM THE CARLE HEALTH GREATER PEORIA COMMUNITY HEALTH NEEDS ASSESSMENT AND IS A JOINT PLAN WITH OSF SAINT FRANCIS MEDICAL CENTER. THE PLAN IS CURRENTLY IN YEAR TWO. PLANNING HAS BEGUN FOR THE NEXT THREE-YEAR CYCLE.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $343

TOTAL EXPENSES $343

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$343	N/A	N/A
Net Income	N/A	$0	N/A

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

N/A

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

$12,397,621

Total Directors

$694,152

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Trustee; Vice Chair	1.0	Officer Director	$0	$0	$3,625
N/A	Chair	1.0	Officer Director	$0	$33,314	$686,902
N/A	Vice Chair; Trustee	1.0	Officer Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	0.5	Director	$0	$0	$3,625
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Officer - EVP, Chief Finance & Strategy Officer	0.5	Officer	$0	$366,889	$1,762,884
N/A	Officer - President & CEO	2.0	Officer	$0	$36,885	$5,726,886
N/A	Secretary/Treasurer // CFO // THRU 03/31/2023	1.0	Officer	$0	$24,330	$339,225
N/A	Ex Officio, Non-Voting // Officer - President, Carle Health - West Region	1.0	Officer	$0	$44,092	$1,672,937
N/A	VP, Finance - West Region	1.0	Officer	$0	$11,595	$274,455
N/A	Ex Officio, Non-Voting // Officer - President, Carle Health Regions // EVP, COO	1.0	Officer	$0	$363,375	$1,930,707

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
2023	No data	$343	No data	No data
2022	No data	No data	$19,839,136	No data
2021	No data	$2,230	$21,284,325	No data
2020	No data	No data	$21,291,566	No data
2019	$563,653	$562,552	$2,229,255	$1,101
2018	$654,180	$653,196	$2,228,031	$984

Carle Health - West Region