BELOIT HEALTH SYSTEM INC

EIN: 391028081 501(c)(3) Health Care

Beloit, WI

Total Revenue
$277,167,593
Total Expenses
$273,155,219
Total Assets
$279,624,208
Net Assets
$173,441,507
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
WI
Principal Officer
James Bird
Phone
6083645011
Tax Period
2023-01-01 to 2023-12-31

BELOIT HEALTH SYSTEM INC, founded in 1965, is a major nonprofit in the Health Care sector that reported $277.2M in total revenue in fiscal year 2023.

Mission

Beloit Health System provides quality medical health care regardless of race, creed, sex, national origin, disability, age or ability to pay. During 2023, the System's Hospital served over 4,300 inpatients including newborns and provided more than 746,000 outpatient services, the NorthPointe facility provided more than 92,000 outpatient services and the Clinics provided more than 208,000 encounters. The Health System is equipped to serve the greater Beloit areas entire spectrum of health needs and strives to continue the long-standing tradition of providing excellent general acute care and to better serve the greater Beloit area.

Program Service Accomplishments

Program 1
Expenses: $52,232,663 Revenue: $60,927,047

Inpatient Revenue: Total adult admissions of 4,187 with an average daily census of 52 and an average length of stay of 4.5 days. This is in comparison to 2022 where admissions were 4,161 with an...

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Inpatient Revenue: Total adult admissions of 4,187 with an average daily census of 52 and an average length of stay of 4.5 days. This is in comparison to 2022 where admissions were 4,161 with an average daily census of 49 and an average length of stay of 4.3 days. Total patient days were 18,939 compared to 17,741 in 2022.

Program 2
Expenses: $178,412,982 Revenue: $208,110,702

Outpatient Revenue: Total Hospital and NorthPointe outpatient procedures for 2023 were just over 838,000 compared to just over 820,000 in 2022. Total Physician Clinic encounters were just over...

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Outpatient Revenue: Total Hospital and NorthPointe outpatient procedures for 2023 were just over 838,000 compared to just over 820,000 in 2022. Total Physician Clinic encounters were just over 208,000, an increase from 191,000 in 2022 due to active physician recruitment and increases in physician RVU's year over year.

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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 $269,037,749
Investment Income $3,183,992
Other Revenue $4,945,852
TOTAL REVENUE $277,167,593

Expense Breakdown

Grants Paid $0
Salaries & Benefits $147,431,833
Fundraising Expenses $0
Program Expenses $230,645,645
Other Expenses $125,723,386
TOTAL EXPENSES $273,155,219

Year-over-Year Comparison

2023 2022 Change
Revenue $277,167,593 $260,441,723 +0.1%
Expenses $273,155,219 $257,059,268 +0.1%
Net Income $4,012,374 $3,382,455 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
7
Employees
1861
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
2
$1,838,278
Total Directors
12
$3,723,189
Key Employees
4
$2,312,511
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Timothy M McKevett Non Voting Board Member & System President & CEO 40
Officer
$1,355,693 $45,801 $1,401,494
Roger Kapoor MD VP of Physician Clinics/Medical Affairs/Physician 40
Key Emp
$1,298,687 $14,850 $1,313,537
Leo Egbujiobi MD Board Member & Physician 40
Director
$1,157,463 $14,850 $1,172,313
Glenn Tan MD Physician 40
Highest
$1,004,409 $14,850 $1,019,259
Paul Segal MD Physician 40
Highest
$900,572 $14,850 $915,422
Tsu-Hon Wang MD Board Secretary & Physician 40
Director
$882,571 $14,850 $897,421
Kevin Tomera MD Physician 40
Highest
$871,968 $14,850 $886,818
Bin Jatta MD Physician 40
Highest
$869,180 $14,850 $884,030
David Yoon MD Physician 40
Highest
$864,224 $14,850 $879,074
Jamie Frantz MD Board Member & Physician 40
Director
$821,281 $14,850 $836,131
Kenneth Klein MD Board Member & Physician 40
Director
$433,780 $6,600 $440,380
James Bird VP of Financial Services 40
Officer
$421,934 $14,850 $436,784
Robert Lisek MD Board Member & Physician 40
Director
$362,094 $14,850 $376,944
Thomas McCawley VP of Human Relations 40
Key Emp
$346,728 $14,850 $361,578
Sharon Cox VP of Nursing Services 40
Key Emp
$332,764 $11,901 $344,665
Nommo Donald Vice President 40.00
Key Emp
$279,827 $12,904 $292,731
James B Fisher Board Chair 0
Director
$0 $0 $0
Mark Gliebe Board Vice Chair 0
Director
$0 $0 $0
David McCoy Board Treasurer 0
Director
$0 $0 $0
Kathy Hendricks Board Member 0
Director
$0 $0 $0
James Packard Board Member 0
Director
$0 $0 $0
William DeLong Board Member 0
Director
$0 $0 $0
John Wong Board Member 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
2024 No data No data No data No data
2023 $277,167,593 $273,155,219 $279,624,208 $4,012,374
2022 $260,441,723 $257,059,268 $278,045,148 $3,382,455
2021 $269,649,311 $255,483,238 $317,607,452 $14,166,073
2020 $250,754,323 $241,545,262 $320,854,728 $9,209,061
2019 $261,988,930 $251,289,175 $283,884,599 $10,699,755
2018 $250,371,769 $240,757,231 $278,513,389 $9,614,538
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