BLESSING CORPORATE SERVICES INC

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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

1983

Legal Domicile

Principal Officer

TIM TRANOR

Phone

2172231200

Tax Period

2023-10-01 to 2024-09-30

BLESSING CORPORATE SERVICES INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $23.3M in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $27.3M exceeded revenue, resulting in a 17% operating deficit.

Mission

BLESSING CORPORATE SERVICES, INC. (BCS) IS THE PARENT COMPANY TO THE FOLLOWING ORGANIZATIONS: BLESSING HOSPITAL - A NOT-FOR-PROFIT ACUTE CARE HOSPITAL LOCATED IN QUINCY, IL. THE BLESSING FOUNDATION, INC. - RAISES, MANAGES, AND DISTRIBUTES CHARITABLE DONATIONS ON BEHALF OF THE BLESSING HEALTH SYSTEM. DENMAN SERVICES, INC. - A TAXABLE CORPORATION THAT IS ENGAGED PRIMARILY IN THE BUSINESS OF SELLING AND RENTING MEDICAL EQUIPMENT AND OPERATING A COMMERCIAL LAUNDRY. THE ENTITY IS A WHOLLY OWNED SUBSIDIARY OF BLESSING CORPORATE SERVICES, INC. BLESSINGCARE CORPORATION - OWNS AND OPERATES ILLINI COMMUNITY HOSPITAL, A NOT-FOR-PROFIT ACUTE CARE HOSPITAL LOCATED IN PITTSFIELD, IL. CHS HOLDING COMPANY - A TAXABLE CORPORATION THAT PROVIDES HEALTH INSURANCE PRODUCTS AND SERVICES. BLESSING PHYSICIAN SERVICES (BPS) - A DIVISION OF BCS THAT OPERATES A PHYSICIAN CLINIC PROVIDING MULTI-SPECIALTY OUTPATIENT SERVICES TO THE REGION. CROSSRIVER QUALITY HEALTH PARTNERS - A CLINICALLY INTEGRATED NETWORK OF REG

Program Service Accomplishments

Program 1

Expenses: $8,590,800 Revenue: $5,010,920

PHYSICIAN SERVICES - THE ORGANIZATION OPERATES A HEALTH CARE PROVIDER PRACTICE DBA BLESSING PHYSICIAN SERVICES (BPS). THIS PROVIDER GROUP SERVES RESIDENTS OF QUINCY AS WELL AS THE SURROUNDING REGIONS IN WHICH MULTIPLE RURAL CLINICS OPERATE. WITHIN THESE PROVIDER PRACTICES, IT IS THE POLICY OF THE ORGANIZATION THAT NO ONE IS TO BE DENIED HEALTH CARE FOR INABILITY TO PAY. THE BLESSING HEALTH SYSTEM'S STRATEGIC OBJECTIVES FOR THE UPCOMING YEARS ARE AS FOLLOWS: 1) QUALITY/ZERO HARM A) REDUCE PATIENT HARM EVENTS BY 15% PER YEAR 2) BEST PLACE TO WORK A) INCREASE EMPLOYEE ENGAGEMENT TO >= 8.0 3) PATIENT EXPERIENCE A) INCREASE PATIENT EXPERIENCE (ALWAYS RECOMMEND) TO 82% 4) ACCESS TO CARE A) INCREASE CLINIC VISITS PER DAY BY 5% 5) FISCAL HEALTH A) CONTROL EXPENSES AND INCREASE REVENUE B) ACHIEVE GREATER THAN 200 DAYS CASH ON HAND C) ACHIEVE GREATER THAN 1% OPERATING MARGIN 6) ELECTRONIC HEALTH RECORD A) ON TIME/ON BUDGET B) STANDARDIZATION

Program 2

Expenses: $14,738,820 Revenue: $18,104,312

MANAGEMENT SERVICES - THE ORGANIZATION PROVIDES MANAGEMENT SERVICES TO ITS FOLLOWING TAX EXEMPT SUBSIDIARIES: BLESSING HOSPITAL, THE BLESSING FOUNDATION, INC., AND BLESSINGCARE CORPORATION DBA ILLINI COMMUNITY HOSPITAL. IT ALSO PROVIDES MANAGEMENT SERVICES TO ITS TAXABLE SUBSIDIARIES: DENMAN SERVICES,INC., CHS HOLDING COMPANY, BLESSING ASSURANCE COMPANY, AND CROSSRIVER QUALITY HEALTH PARTNERS. MANAGEMENT SERVICES PROVIDED INCLUDE STRATEGIC AND BUSINESS DEVELOPMENT, ENGINEERING AND FACILITY DEVELOPMENT, CAPITAL AND INFORMATION TECHNOLOGY DEVELOPMENT, PHYSICIAN PRACTICE OPERATIONS, AND CORPORATE COMPLIANCE.

Program 3

Expenses: $203,561

CROSSRIVER QUALITY HEALTH PARTNERS IS A CLINICALLY INTEGRATED NETWORK OF REGIONAL PHYSICIANS DEDICATED TO ENHANCING CARE QUALITY.

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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 $322,751

Program Service Revenue $23,115,232

Investment Income $-62,755

Other Revenue $-100,059

TOTAL REVENUE $23,275,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,850,568

Fundraising Expenses $0

Program Expenses $23,533,181

Other Expenses $9,413,459

TOTAL EXPENSES $27,264,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,275,169	$58,593,670	-0.6%
Expenses	$27,264,027	$64,561,536	-0.6%
Net Income	$-3,988,858	$-5,967,866	-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

Governance

Voting Members

Independent Members

Employees

348

Volunteers

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

$2,583,606

Total Directors

$1,127,340

Key Employees

$445,226

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN KAHN RETIRED 72023	FORMER PRESI	0.00		$1,399,070	$214,544	$1,613,614
BRIAN T CANFIELD	PRES/CEO BCS	40.00	Officer Director	$976,127	$142,463	$1,118,590
PATRICK M GERVELER	TREASURER &	40.00	Officer	$831,554	$136,905	$968,459
DIANE G JACOBY	SECRETARY	40.00	Officer	$477,039	$19,518	$496,557
MICHELLE ZECH	CHIEF HUMAN	40.00	Key Emp	$420,077	$25,149	$445,226
LEA ANN EICKELSCHULTE	CHF INFORMAT	40.00	Highest	$393,026	$17,483	$410,509
JUSTIN R HALE	VP FINANCE	40.00	Highest	$316,706	$35,066	$351,772
KATHLEEN E HULL RETIRED 122022	CHF RURAL HO	0.00	Highest	$296,257	$0	$296,257
HOLLY A JONES	VP/ADMIN-ILL	40.00	Highest	$259,093	$24,690	$283,783
JULIE A DUKE	CHIEF REV CY	40.00	Highest	$263,205	$15,278	$278,483
DR JERRY D KENNETT TERMED 1023	TRUSTEE	1.00	Director	$8,750	$0	$8,750
SAYEED ALI	TRUSTEE	1.00	Director	$0	$0	$0
MARK BAUMANN	TRUSTEE	1.00	Director	$0	$0	$0
JULIE ANN BRINK	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM DURYEA	TRUSTEE	1.00	Director	$0	$0	$0
GARY E GILLESPIE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
LYNN PROTHRO HOUSE	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY D KOONTZ	CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM BILL METZINGER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER J NIEMANN	FORMER VICE-	1.00	Officer Director	$0	$0	$0
JACK R SHARKEY	TRUSTEE	1.00	Director	$0	$0	$0

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	$23,275,169	$27,264,027	$26,492,120	$-3,988,858
2023	$58,593,670	$64,561,536	$24,921,513	$-5,967,866
2022	$134,447,585	$121,700,443	$58,294,053	$12,747,142
2021	$149,591,976	$137,702,822	$79,435,059	$11,889,154
2020	$127,498,779	$117,421,221	$78,627,980	$10,077,558
2019	$111,625,628	$102,114,333	$72,949,627	$9,511,295
2018	$96,453,128	$89,578,566	$68,452,908	$6,874,562