QUINCY, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE BLESSING FOUNDATION INC, founded in 1983, is a community nonprofit in the Health Care sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 46% operating margin.
FOUNDED IN 1983, THE BLESSING FOUNDATION RAISES, MAINTAINS, AND DISBURSES CHARITABLY DONATED FUNDS FOR THE BENEFIT OF BLESSING HEALTH SYSTEM.
THE PURPOSES FOR WHICH THE BLESSING FOUNDATION, INC. IS ORGANIZED ARE EXCLUSIVELY CHARITABLE, SCIENTIFIC, OR EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986...
THE PURPOSES FOR WHICH THE BLESSING FOUNDATION, INC. IS ORGANIZED ARE EXCLUSIVELY CHARITABLE, SCIENTIFIC, OR EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION SHALL PROMOTE AND SUPPORT, BY DONATION, LOAN OR OTHERWISE, THE INTERESTS AND PURPOSES OF BLESSING HOSPITAL, BLESSING CORPORATE SERVICES, INC., BLESSINGCARE CORPORATION DBA ILLINI COMMUNITY HOSPITAL, OR OTHER ORGANIZATIONS WHICH PROVIDE HEALTH CARE OR CONDUCT EDUCATION OR RESEARCH, PROVIDED, HOWEVER, THAT ANY SUCH ORGANIZATION SUPPORTED BY THE CORPORATION SHALL IN ALL EVENTS NOT BE A PRIVATE FOUNDATION AND BE AS DEFINED IN SECTION 501(C)(3) AND EITHER SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; AND THE CORPORATION SHALL RAISE FUNDS FOR ANY OR ALL OF THE ORGANIZATIONS DESCRIBED ABOVE FROM THE PUBLIC AND FROM ALL OTHER SOURCES AVAILABLE, AND SHALL RECEIVE, MAINTAIN, AND ADMINISTER SUCH FUNDS AND EXPEND PRINCIPAL AND INCOME THEREFROM IN FURTHERANCE OF THESE PURPOSES. THE FOLLOWING LISTS SPECIFIC EXPENDITURES IN REGARDS TO THE PURPOSE LISTED ABOVE. BLESSING HOSPITAL - FINANCIAL AID FOR STUDENTS OF 1,600,000 BLESSING-RIEMAN COLLEGE OF NURSING AND HEALTH SCIENCES BLESSING HOSPITAL - EMPLOYEE CRISIS/CARING CLUB FUND 146,293 BLESSING HOSPITAL - STUDENT WORKER SUPPORT FOR BLESSING- 95,000 RIEMAN COLLEGE OF NURSING AND HEALTH SCIENCES BLESSING HOSPITAL - EARLY LEARNING CENTER SCHOLARSHIPS 35,000 BLESSING HOSPITAL - ECMO SKILL SETS 30,000 BLESSING HOSPITAL - HOSPICE AND PALLIATIVE CARE 25,000 BLESSING HOSPITAL - PHARMACY INTERN PROGRAM 20,000 BLESSING HOSPITAL - FACULTY AND EMPLOYEE DEVELOPMENT FOR 15,000 BLESSING-RIEMAN COLLEGE OF NURSING AND HEALTH SCIENCES BLESSING HOSPITAL - CLINICAL PASTORAL EDUCATION 15,000 BLESSING HOSPITAL - HOSPICE MUSIC THERAPY 15,000 BLESSING HOSPITAL - ACCUVEIN VEIN FINDERS 11,360 BLESSING HOSPITAL - REHABILITATION INTERN PROGRAM 9,000 BLESSING HOSPITAL - BEHAVIORAL HEALTH INPT/OUTPT CARE 5,902 BLESSING HOSPITAL - VOALTE PHONES FOR STAFF 4,720 BLESSING HOSPITAL - EMS MANIKIN 3,093 BLESSING HOSPITAL - PERITONEAL DIALYSIS SIMULATOR 875 BLESSING HOSPITAL - CARING CUPBOARD FOR BLESSING-RIEMAN 231 COLLEGE OF NURSING AND HEALTH SCIENCES QUINCY UNIVERSITY - FRANCES WATERKOTTE GRANT FOR STUDENTS 10 TOTAL 2,031,484
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,686,929 | $5,029,498 | +0.3% |
| Expenses | $3,628,672 | $3,721,981 | 0.0% |
| Net Income | $3,058,257 | $1,307,517 | +1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRIAN T CANFIELD | TRUSTEE | 0.00 |
Director
|
$0 | $142,463 | $1,118,590 |
| PATRICK M GERVELER | PRESIDENT | 0.00 |
Officer
|
$0 | $136,905 | $968,459 |
| JUSTIN R HALE | VP/TREASURER | 0.00 |
Officer
|
$0 | $35,066 | $351,772 |
| MARY ANN DICKSON | SECRETARY | 0.00 |
Officer
|
$0 | $22,603 | $213,635 |
| TIMOTHY A MOORE | FORMER VP/TR | 0.00 |
|
$0 | $7,047 | $170,374 |
| HAROLD W BO KNAPHEIDE EXIT 124 | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES A RINELLA EXITED 124 | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PHYLLIS J HOFMEISTER EXITED 124 | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA GERDES EHRHART | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA E GRAMKE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA C GRISWOLD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN J FLYNN JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR JASON KVITLE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CYNTHIA A MEYER | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HAROLD B 'HAL' OAKLEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JACOB W SCHOLZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM SPEAR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK STEPHENS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON STRATTON | BOARD VICE-C | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $6,686,929 | $3,628,672 | $88,761,415 | $3,058,257 |
| 2023 | $5,029,498 | $3,721,981 | $80,379,218 | $1,307,517 |
| 2022 | $7,576,833 | $4,416,979 | $76,709,612 | $3,159,854 |
| 2021 | $12,335,361 | $4,493,248 | $63,370,803 | $7,842,113 |
| 2020 | $4,501,009 | $3,138,799 | $51,995,326 | $1,362,210 |
| 2019 | $5,264,041 | $3,230,730 | $50,084,056 | $2,033,311 |
| 2018 | $3,103,602 | $2,802,303 | $49,879,619 | $301,299 |
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