PROGRESSIVE HEALTH SYSTEMS

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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

1985

Legal Domicile

Principal Officer

KEITH KNEPP MD

Phone

3093530700

Tax Period

2020-01-01 to 2020-06-30

Mission

PROGRESSIVE HEALTH SYSTEMS IS RESOLUTE TO BOTH PRESERVING AND NURTURING THE FUNDAMENTAL MISSION OF PEKIN HOSPITAL AS A COMMUNITY HOSPITAL, AND OTHER FACILITIES AS NECESSARY PROVIDING INPATIENT AND OUTPATIENT, DIAGNOSTIC, THERAPEUTIC, AND EDUCATIONAL SERVICES. MOREOVER, THIS PARENT ORGANIZATION TO PEKIN HOSPITAL WILL ALWAYS KEEP THE ESSENTIAL WELFARE AND PRIORITY OF THE PATIENTS, WHO ARE SERVED BY PEKIN HOSPITAL, UPPERMOST IN MIND AS IT PLANS, ALLOCATES RESOURCES, AND DEVELOPS PROGRAMS IN THE DELIVERY OF HEALTH SERVICES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

PROVIDE SUPPORT AND MANAGEMENT SERVICES TO NOT-FOR-PROFIT AFFILIATES, INCLUDING PEKIN 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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

N/A

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

$1,418,871

Total Directors

$1,453,483

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY COX MD	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSTY DUNN	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ROSS GOULD	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HONAN MD	BOARD MEMBER	1.00	Director	$0	$31,002	$532,640
MARIA HORNSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH KNEPP MD	PRES & CEO MHSC/BOARD MEMB	1.00	Officer Director	$0	$118,079	$902,129
RONALD MILLER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DIRK ROECKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES STEVENSON	BOARD MEMBER	1.00	Director	$0	$0	$18,714
KAREN STUMPE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT QUIN	VP FINANCE/CFO, MHSC	1.00	Officer	$0	$88,904	$516,742

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
2020	No data	No data	No data	No data
2019	No data	No data	No data	No data
2018	No data	No data	No data	No data