Carle Retirement Centers Inc

EIN: 371160033 501(c)(3) Human Services

URBANA, IL

Total Revenue
$8,658,397
Total Expenses
$8,082,854
Total Assets
$3,570,273
Net Assets
$1,861,179
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IL
Phone
2173833311
Tax Period
2023-01-01 to 2023-12-31

Carle Retirement Centers Inc, founded in 1984, is a community nonprofit in the Human Services sector that reported $8.7M in total revenue in fiscal year 2023. Expenses of $8.1M left a modest 7% surplus.

Mission

TO PROVIDE ELDERLY AND PHYSICALLY CHALLENGED PERSONS WITH AFFORDABLE HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR NEEDS AND PROMOTE THEIR HEALTH AND WELLNESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,566,506
Investment Income $-2,328
Other Revenue $94,219
TOTAL REVENUE $8,658,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,138,562
Fundraising Expenses $0
Program Expenses $6,573,108
Other Expenses $3,944,292
TOTAL EXPENSES $8,082,854

Year-over-Year Comparison

2023 2022 Change
Revenue $8,658,397 $8,222,915 +0.1%
Expenses $8,082,854 $8,452,520 0.0%
Net Income $575,543 $-229,605 -3.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
130
Volunteers
260

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
4
$9,531,568
Total Directors
4
$9,531,568
Key Employees
4
$2,419,845
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary - THRU 10/05/2023 1.0
Officer Director
$0 $22,891 $111,162
N/A Treasurer // Officer - EVP, Chief Finance & Strategy Officer // Secretary 2.0
Officer Director
$0 $366,889 $1,762,884
N/A Chair // Officer - President & CEO 1.0
Officer Director
$0 $36,885 $5,726,886
N/A Vice Chair // Officer - President, Carle Health Regions // EVP, COO 1.0
Officer Director
$0 $363,305 $1,930,636
N/A SVP, Chief Revenue Cycle Officer 1.0
Key Emp
$0 $100,293 $668,414
N/A EVP, Chief Human Resources Officer 1.0
Key Emp
$0 $209,640 $1,155,351
N/A Windsor Administrator 40.0
Key Emp
$159,755 $3,894 $163,649
N/A VP, Construction & Facility Services 1.0
Key Emp
$0 $68,059 $432,431
N/A Registered Nurse 40.0
Highest
$112,838 $3,356 $116,194
N/A Former - Key Employee 0.0
$0 $234,361 $1,160,805
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 $8,658,397 $8,082,854 $3,570,273 $575,543
2022 $8,222,915 $8,452,520 $3,533,944 $-229,605
2021 $7,738,871 $7,441,744 $3,310,172 $297,127
2020 $7,997,688 $7,070,485 $3,671,025 $927,203
2019 $8,284,960 $7,314,635 $3,759,667 $970,325
2018 $8,146,194 $6,724,430 $4,266,586 $1,421,764
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