PEKIN MEMORIAL HOSPITAL FOUNDATION

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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

Phone

2173833311

Tax Period

2023-01-01 to 2023-12-31

PEKIN MEMORIAL HOSPITAL FOUNDATION, founded in 1985, is a small nonprofit that reported $123K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 2534% operating deficit.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY AND TO DO SO WITH LOVE, COMPASSION AND EXTRAORDINARY MEDICAL CARE.

Program Service Accomplishments

Program 1

Expenses: $3,177,845 Revenue: $0

PEKIN MEMORIAL HOSPITAL FOUNDATION IS RESOLUTE TO BOTH PRESERVING AND NURTURING THE FUNDAMENTAL MISSION OF PEKIN MEMORIAL HOSPITAL AS A COMMUNITY HOSPITAL, AND OTHER FACILITIES AS NECESSARY PROVIDING INPATIENT AND OUTPATIENT, DIAGNOSTIC, THERAPEUTIC, AND EDUCATIONAL SERVICES. MOREOVER, PEKIN MEMORIAL HOSPITAL FOUNDATION WILL ALWAYS KEEP THE ESSENTIAL WELFARE AND PRIORITY OF THE PATIENTS, WHO ARE SERVED BY PEKIN MEMORIAL HOSPITAL, UPPERMOST IN MIND AS IT PLANS, ALLOCATES RESOURCES, AND DEVELOPS PROGRAMS IN THE DELIVERY OF HEALTH SERVICES. PEKIN MEMORIAL HOSPITAL FOUNDATION IS ORGANIZED TO FOSTER, PROMOTE, SUPPORT, DEVELOP, ENCOURAGE AND ACCEPT FUNDS FOR THE CONSTRUCTION, BUILDING, REMODELING, SUPPORT, ADMINISTRATION, STAFFING AND ANY OTHER LEGITIMATE PURPOSE OR FUNCTION OF PEKIN MEMORIAL HOSPITAL WHICH IS A NOT-FOR-PROFIT CORPORATION IN THE STATE OF ILLINOIS, AND IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986.

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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 $72,490

Program Service Revenue $0

Investment Income $50,908

Other Revenue $0

TOTAL REVENUE $123,398

Expense Breakdown

Grants Paid $3,177,845

Salaries & Benefits $54,000

Fundraising Expenses $72,481

Program Expenses $3,177,845

Other Expenses $18,481

TOTAL EXPENSES $3,250,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,398	$670,186	-0.8%
Expenses	$3,250,326	$1,979,894	+0.6%
Net Income	$-3,126,928	$-1,309,708	+1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary/Treasurer	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	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	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
2023	$123,398	$3,250,326	No data	$-3,126,928
2022	$670,186	$1,979,894	$3,133,957	$-1,309,708
2021	$1,006,643	$96,461	$5,451,146	$910,182
2020	$429,930	$301,080	$4,857,173	$128,850
2019	$518,955	$290,969	$4,312,498	$227,986
2018	$453,510	$155,524	$3,608,112	$297,986