THE CARLE FOUNDATION HOSPITAL (EIN 371119538) - 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

1982

Legal Domicile

Phone

2173833311

Tax Period

2023-01-01 to 2023-12-31

THE CARLE FOUNDATION HOSPITAL, founded in 1982, is a major nonprofit in the Health Care sector that reported $954.5M in total revenue in fiscal year 2018. The organization ran a surplus of $214.7M, a strong 22% operating margin.

Mission

THE CARLE FOUNDATION HOSPITAL'S MISSION IS TO SERVE PEOPLE THROUGH HIGH QUALITY CARE, MEDICAL RESEARCH, AND EDUCATION. HEALTH CARE SERVICES ARE PROVIDED TO INDIVIDUALS IN THE COMMUNITY REGARDLESS OF ABILITY TO PAY.

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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 $10,213,173

Program Service Revenue $1,398,587,179

Investment Income $261,942

Other Revenue $6,812,122

TOTAL REVENUE $1,415,874,416

Expense Breakdown

Grants Paid $961,102

Salaries & Benefits $361,877,500

Fundraising Expenses $0

Program Expenses $1,098,908,304

Other Expenses $757,375,289

TOTAL EXPENSES $1,120,213,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,415,874,416	$1,253,422,160	+0.1%
Expenses	$1,120,213,891	$1,085,210,294	+0.0%
Net Income	$295,660,525	$168,211,866	+0.8%

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

5371

Volunteers

1091

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

$12,521,263

Total Directors

$2,446,570

Key Employees

$5,774,823

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Immediate Past Chair THRU 03/31/2023	1.0	Officer Director	$0	$0	$0
N/A	Secretary/Treasurer BEG 04/01/2023	39.0	Officer Director	$0	$13,222	$601,023
N/A	Vice Chair THRU 03/31/2023	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair BEG 04/01/2023	1.0	Officer Director	$0	$0	$0
N/A	Chair BEG 04/01/2023	1.0	Officer Director	$0	$0	$0
N/A	Trustee THRU 03/31/2023	1.0	Officer Director	$0	$0	$0
N/A	Chair THRU 03/31/2023	1.0	Officer Director	$0	$0	$0
N/A	Secretary/Treasurer THRU 03/31/2023	1.0	Officer Director	$0	$35,685	$625,566
N/A	Trustee THRU 03/31/2023 - PHYSICIAN	1.0	Director	$0	$34,166	$441,082
N/A	Trustee & SVP, Surgical Services & Ambulatory Care	1.0	Director	$0	$124,899	$778,899
N/A	Officer - EVP, Chief Finance & Strategy Officer	3.0	Officer	$0	$366,889	$1,762,884
N/A	Ex Officio, Non-Voting // Officer - President, CHER // CNO	36.0	Officer	$0	$95,920	$817,933
N/A	Ex-Officio, Officer - President & CEO	0.5	Officer	$0	$36,885	$5,726,886
N/A	Officer - President, Carle Health Regions // EVP, Chief Operating Officer	1.0	Officer	$0	$363,305	$1,930,637
N/A	Officer - EVP, Chief Medical Officer	1.0	Officer	$0	$115,459	$1,056,334
N/A	Associate Chief Medical Officer, Surgical Services	20.0	Key Emp	$0	$37,479	$741,986
N/A	Associate Chief Medical Director, Acute Care & Children's Services	20.0	Key Emp	$0	$25,540	$606,043
N/A	SVP, Chief Revenue Cycle Officer	16.0	Key Emp	$0	$100,293	$668,414
N/A	MEDICAL DIRECTOR	39.0	Key Emp	$0	$6,600	$814,026
N/A	MEDICAL DIRECTOR	1.0	Key Emp	$0	$36,405	$711,286
N/A	EVP, Chief Human Resources Officer	1.0	Key Emp	$0	$209,640	$1,155,351
N/A	VP, Construction & Facility Services	1.0	Key Emp	$0	$68,059	$432,431
N/A	Associate Chief Medical Officer, Ambulatory Care	1.0	Key Emp	$0	$72,879	$645,286
N/A	Pharmacist	40.0	Highest	$279,079	$17,334	$296,413
N/A	Director, Clinical Imaging Research	40.0	Highest	$340,268	$35,450	$375,718
N/A	Registered Nurse - CFH House Supervisor	40.0	Highest	$280,037	$27,962	$307,999
N/A	Executive Director, Perioperative Services	40.0	Highest	$286,930	$39,758	$326,688
N/A	Registered Nurse - CFH CIA	40.0	Highest	$295,333	$33,219	$328,552
N/A	Former - Officer	0.0		$0	$35,014	$318,654
N/A	Former- Key Employee	0.0		$0	$81,018	$495,743
N/A	Former - Key Employee	0.0		$0	$234,361	$1,160,805
N/A	Former - Key Employee	0.0		$0	$38,205	$584,547

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	$1,415,874,416	$1,120,213,891	$648,066,880	$295,660,525
2022	$1,253,422,160	$1,085,210,294	$471,321,883	$168,211,866
2021	$1,220,405,483	$1,002,710,144	$479,153,762	$217,695,339
2020	$1,085,020,210	$903,867,871	$465,988,906	$181,152,339
2019	$1,026,211,585	$854,229,687	$396,914,947	$171,981,898
2018	$954,465,909	$739,780,843	$446,283,408	$214,685,066

THE CARLE FOUNDATION HOSPITAL