THE ILLINOIS CRITICAL ACCESS HOSPITAL NETWORK (EIN 550809159) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

PATRICIA SCHOU

Phone

8158752999

Tax Period

2023-01-01 to 2023-12-31

THE ILLINOIS CRITICAL ACCESS HOSPITAL NETWORK, founded in 2003, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $4.3M left a modest 7% surplus.

Mission

THE MISSION OF ICAHN IS TO STRENGTHEN CRITICAL ACCESS AND SMALL, RURAL HOSPITALS THROUGH COLLABORATION. BETTER TOGETHER, ICAHN AND ITS 58 MEMBER HOSPITALS MAKE IT THEIR OVERARCHING GOAL TO PRESERVE ACCESS TO RURAL HEALTHCARE WHILE IMPROVING THE VIBRANCY AND VIABILITY OF THE COMMUNITIES SERVED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,072,998

Program Service Revenue $2,365,876

Investment Income $156,499

Other Revenue $0

TOTAL REVENUE $4,595,373

Expense Breakdown

Grants Paid $1,248,810

Salaries & Benefits $1,822,751

Fundraising Expenses $0

Program Expenses $3,342,604

Other Expenses $1,202,634

TOTAL EXPENSES $4,274,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,595,373	$5,565,632	-0.2%
Expenses	$4,274,195	$5,367,908	-0.2%
Net Income	$321,178	$197,724	+0.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

120

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

$450,810

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SKOWRON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
TED ROGALSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
KARISSA TURNER	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
ALISA COLEMAN	PAST PRESIDENT (THRU 02/2023)	1.00	Officer Director	$0	$0	$0
PAM PFISTER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KIM BOURNE	DIRECTOR	1.00	Director	$0	$0	$0
JIM JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DON ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
BOB SELLERS	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA WOODROW	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA SCHOU	EXECUTIVE DIRECTOR	40.00	Officer	$280,855	$25,522	$306,377
WENDY HODGE	DIR OF FINANCE (THRU 03/2023)	40.00	Officer	$24,114	$5,327	$29,441
CRAIG HENKAUS	DIRECTOR OF FINANCE	40.00	Officer	$99,785	$15,207	$114,992
CURT ZIMMERMAN	SR DIRECTOR OF BUSINESS SVCS & DEV	40.00	Highest	$145,378	$28,556	$173,934
RYAN MORGAN	CHIEF INFO SECURITY OFFICER	40.00	Highest	$130,897	$16,971	$147,868
RYAN SIERMAN	IT CONSULTANT/CIO	40.00	Highest	$122,857	$8,153	$131,010

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	$4,595,373	$4,274,195	$4,799,848	$321,178
2022	$5,565,632	$5,367,908	$6,228,606	$197,724
2021	$21,320,830	$21,139,324	$6,536,555	$181,506
2020	$13,041,198	$12,361,337	$7,655,501	$679,861
2019	$5,092,771	$5,084,770	$3,931,481	$8,001
2018	$5,315,126	$4,342,855	$3,815,469	$972,271

THE ILLINOIS CRITICAL ACCESS HOSPITAL NETWORK