Carle Health Care Incorporated (EIN 371140016) - 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

1983

Legal Domicile

Phone

2173833311

Tax Period

2023-01-01 to 2023-12-31

CARLE HEALTH CARE INCORPORATED, founded in 1983, is a major nonprofit in the Health Care sector that reported $297.6M in total revenue in fiscal year 2018. Expenses of $378.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE EXCLUSIVELY OPERATED AS A NOT-FOR-PROFIT CORPORATION FOR CHARITABLE BENEVOLENT, SCIENTIFIC AND EDUCATIONAL PURPOSES.

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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 $1,803,203

Program Service Revenue $321,565,470

Investment Income $2,277

Other Revenue $218,878

TOTAL REVENUE $323,589,828

Expense Breakdown

Grants Paid $500

Salaries & Benefits $351,941,886

Fundraising Expenses $0

Program Expenses $442,492,498

Other Expenses $96,706,483

TOTAL EXPENSES $448,648,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,589,828	$314,973,561	+0.0%
Expenses	$448,648,869	$448,024,543	+0.0%
Net Income	$-125,059,041	$-133,050,982	-0.1%

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

1786

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

$11,102,307

Total Directors

$1,066,648

Key Employees

$6,703,241

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Immediate Past Chair	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	Chair	1.0	Officer Director	$0	$0	$0
N/A	Secretary/Treasurer	35.0	Officer Director	$589,881	$35,685	$625,566
N/A	Trustee - Physician	35.0	Director	$406,916	$34,166	$441,082
N/A	Trustee BEG 04/01/2023	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Officer - EVP, Chief Finance & Strategy Officer	2.0	Officer	$0	$366,889	$1,762,884
N/A	Officer - President & CEO	1.5	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	$704,507	$37,479	$741,986
N/A	SVP, Surgical Services & Ambulatory Care	28.0	Key Emp	$0	$124,899	$778,899
N/A	Associate Chief Medical Director, Acute Care & Children's Services	20.0	Key Emp	$580,503	$25,540	$606,043
N/A	President, Carle Health - East Region // Chief Nursing Officer	3.0	Key Emp	$0	$95,920	$817,933
N/A	Physician - Cardiology	1.0	Key Emp	$807,426	$6,600	$814,026
N/A	Physician - Neurology	38.0	Key Emp	$674,881	$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	32.0	Key Emp	$0	$72,879	$645,286
N/A	Physician - Dermatology	40.0	Highest	$1,753,327	$45,566	$1,798,893
N/A	Physician - Orthopedics	40.0	Highest	$1,240,810	$34,166	$1,274,976
N/A	Physician - Cardiothoracic Surgery	40.0	Highest	$1,393,266	$36,350	$1,429,616
N/A	Physician - Radiology/Oncology	40.0	Highest	$1,285,377	$37,243	$1,322,620
N/A	Physician - Dermatology	40.0	Highest	$1,406,487	$34,429	$1,440,916
N/A	Former - Officer	40.0		$283,640	$35,014	$318,654
N/A	Former - Key Employee	0.0		$0	$234,361	$1,160,805
N/A	Former - Key Employee// Physician - Cardiology	40.0		$546,342	$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	$323,589,828	$448,648,869	$82,743,903	$-125,059,041
2022	$314,973,561	$448,024,543	$60,256,326	$-133,050,982
2021	$301,090,091	$422,588,602	$56,725,719	$-121,498,511
2020	$307,892,914	$423,996,201	$51,202,897	$-116,103,287
2019	$299,446,222	$403,874,882	$45,241,513	$-104,428,660
2018	$297,607,331	$378,270,738	$45,340,823	$-80,663,407

Carle Health Care Incorporated