ALTON MEMORIAL HEALTH SERVICES FOUNDATION

EIN: 371177053 501(c)(3)

ALTON, IL

Total Revenue
$6,422,728
Total Expenses
$1,527,458
Total Assets
$49,838,964
Net Assets
$49,713,197
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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
1984
Legal Domicile
IL
Principal Officer
GEORGE MILNOR
Phone
6184637345
Tax Period
2024-10-01 to 2025-09-30

ALTON MEMORIAL HEALTH SERVICES FOUNDATION, founded in 1984, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 76% operating margin.

Mission

SUPPORT TO ALTON MEMORIAL HOSPITAL

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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 (2024)

Revenue Breakdown

Contributions & Grants $181,991
Program Service Revenue $0
Investment Income $6,160,951
Other Revenue $79,786
TOTAL REVENUE $6,422,728

Expense Breakdown

Grants Paid $1,329,450
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,338,338
Other Expenses $198,008
TOTAL EXPENSES $1,527,458

Year-over-Year Comparison

2024 2023 Change
Revenue $6,422,728 $2,550,400 +1.5%
Expenses $1,527,458 $1,240,305 +0.2%
Net Income $4,895,270 $1,310,095 +2.7%
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

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Governance

Voting Members
15
Independent Members
14
Employees
N/A
Volunteers
35

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
5
$71,144
Total Directors
15
$596,222
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE MILNOR CHAIRMAN 4.81
Officer Director
$0 $0 $0
KENNETH BALSTERS VICE CHAIRMA 1.35
Officer Director
$0 $0 $0
SANDRA LAUSCHKE SECRETARY 4.33
Officer Director
$0 $0 $0
STEVE THOMPSON TREASURER 2.88
Officer Director
$0 $0 $0
MARY K MULREAN ASST SECRETA 5.19
Officer
$0 $9,302 $71,144
DAVE BRAASCH BOARD MEMBER 4.00
Director
$0 $50,191 $596,222
ELLAR DUFF BOARD MEMBER 1.42
Director
$0 $0 $0
DR DAVID RIEDEL BOARD MEMBER 0.40
Director
$0 $0 $0
MICHAEL P TCHOUKALEFF II BOARD MEMBER 2.31
Director
$0 $0 $0
MATT SCHRIMPF BOARD MEMBER 1.92
Director
$0 $0 $0
ROSE LAMMERS BOARD MEMBER 0.19
Director
$0 $0 $0
LISA NIELSEN BOARD MEMBER 0.48
Director
$0 $0 $0
DR CHRISTINE TAYLOR BOARD MEMBER 0.25
Director
$0 $0 $0
JAY TOMERLIN BOARD MEMBER 1.35
Director
$0 $0 $0
JACK HOELSCHER BOARD MEMBER 0.19
Director
$0 $0 $0
GENE RIDOLFI BOARD MEMBER 0.25
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 $6,422,728 $1,527,458 $49,838,964 $4,895,270
2024 $2,550,400 $1,240,305 $45,006,724 $1,310,095
2023 $1,050,224 $1,337,468 $36,237,793 $-287,244
2022 $1,282,438 $1,454,206 $32,154,126 $-171,768
2021 $2,656,618 $1,429,714 $41,129,391 $1,226,904
2020 $2,291,854 $865,163 $34,684,087 $1,426,691
2019 $1,658,240 $1,035,694 $32,233,663 $622,546
2018 $693,298 $1,031,282 $32,061,313 $-337,984
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