RICHLAND MEMORIAL HOSPITAL

EIN: 371363001 501(c)(3) Health Care

Urbana, IL

Total Revenue
$64,046,753
Total Expenses
$74,023,554
Total Assets
$24,883,089
Net Assets
$12,030,567
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
IL
Phone
2173833311
Tax Period
2023-01-01 to 2023-12-31

RICHLAND MEMORIAL HOSPITAL, founded in 1953, is a mid-sized nonprofit in the Health Care sector that reported $64.0M in total revenue in fiscal year 2023. Expenses of $74.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE EXCELLENT HEALTHCARE, PROMOTE WELLNESS, AND EDUCATE PATIENTS, STAFF, AND THE COMMUNITY.

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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 $160,537
Program Service Revenue $62,991,249
Investment Income $24,892
Other Revenue $870,075
TOTAL REVENUE $64,046,753

Expense Breakdown

Grants Paid $50,396
Salaries & Benefits $41,811,150
Fundraising Expenses $0
Program Expenses $66,039,785
Other Expenses $32,162,008
TOTAL EXPENSES $74,023,554

Year-over-Year Comparison

2023 2022 Change
Revenue $64,046,753 $62,829,384 +0.0%
Expenses $74,023,554 $71,799,739 +0.0%
Net Income $-9,976,801 $-8,970,355 +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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
7
Employees
514
Volunteers
53

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
8
$10,909,078
Total Directors
13
$3,792,037
Key Employees
3
$2,140,281
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary / Treasurer 1.5
Officer Director
$0 $0 $0
N/A Chair 2.0
Officer Director
$0 $0 $0
N/A Ex Officio // President, Carle Health Regions // EVP, COO // TRUSTEE THRU 3/08/2023 1.0
Officer Director
$0 $363,305 $1,930,637
N/A Vice Chair 1.5
Officer Director
$0 $0 $0
N/A Trustee Beg 02/01/2023 // Physician 1.0
Director Key Emp
$0 $34,451 $552,499
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee Beg 02/01/2023 3.0
Director
$0 $0 $0
N/A Trustee Thru 01/31/2023 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee // Physician 1.0
Director
$0 $15,808 $663,615
N/A Trustee Thru 01/31/2023 // CHRH MEDICAL DIRECTOR 1.0
Director
$0 $72,879 $645,286
N/A Trustee 1.5
Director
$0 $0 $0
N/A Trustee 4.0
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 0.5
Officer
$0 $36,885 $5,726,886
N/A Officer - EVP, Chief Medial Officer 1.0
Officer
$0 $115,459 $1,056,334
N/A Ex Officio, Non-Voting // Officer - President, Carle Health - South Region 20.0
Officer
$0 $52,557 $432,337
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 CRNA - CRMH Anesthesiology 40.0
Highest
$347,452 $34,981 $382,433
N/A CRNA - CRMH Anesthesiology 40.0
Highest
$354,422 $34,754 $389,176
N/A CRNA Lead - CRMH Anesthesiology 40.0
Highest
$358,840 $37,074 $395,914
N/A Physician - Urology 40.0
Highest
$458,989 $6,600 $465,589
N/A CRNA - CRMH Anesthesiology 40.0
Highest
$327,398 $37,074 $364,472
N/A Former - Key Employee 0.0
$0 $36,405 $711,286
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 $64,046,753 $74,023,554 $24,883,089 $-9,976,801
2022 $62,829,384 $71,799,739 $26,663,290 $-8,970,355
2021 $54,881,543 $62,686,759 $31,450,471 $-7,805,216
2020 $54,890,414 $60,115,480 $53,443,489 $-5,225,066
2019 $55,522,211 $66,214,518 $29,782,143 $-10,692,307
2018 $52,809,084 $59,563,231 $33,259,131 $-6,754,147
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