THE ILLINOIS CRITICAL ACCESS HOSPI… - Form 990 Financial Data

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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

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

ICAHN IS A NOT-FOR-PROFIT 501(C)(3) CORPORATION ESTABLISHED IN 2003 FOR THE PURPOSES OF SHARING RESOURCES, EDUCATION, PROMOTING EFFICIENCY AND BEST PRACTICE AND IMPROVING HEALTH CARE SERVICES FOR MEMBER CRITICAL ACCESS HOSPITALS AND THEIR RURAL COMMUNITIES. ICAHN, WITH 58 MEMBER HOSPITALS, IS AN INDEPENDENT NETWORK GOVERNED BY A NINE-MEMBER BOARD OF DIRECTORS.

Program Service Accomplishments

Program 1

Expenses: $2,559,148 Revenue: $1,598,587

ICAHN PROVIDES TECHNICAL ASSISTANCE TO SMALL RURAL HOSPITALS:1) TO HELP THEM WITH ADMINISTRATIVE PROCESSES FOR CRITICAL ACCESS HOSPITALS2) TO SHARE RESOURCES WITH MEMBERS3) TO IMPLEMENT PROGRAMS TO IMPROVE QUALITY AND EFFICIENCIES OF MEDICAL SERVICES PROVIDED BY RURAL HEALTH CARE FACILITIES.4) TO PROVIDE CODING SUPPORT WHEN HOSPITALS NEED COVERAGE FOR UNANTICIPATED CERTIFIED CODE ABSENCES, VACANCIES, OR BACKLOG SERVES APPROXIMATELY 58 HOSPITALS.

Program 2

Expenses: $366,710 Revenue: $514,233

ICAHN PROVIDES INFORMATION TECHNOLOGY ASSISTANCE TO SMALL RURAL HOSPITALS ACROSS THE STATE, SERVING APPROXIMATELY 58 HOSPITALS. SERVICES ARE AVAILABLE TO ALL 58 HOSPITALS IF THEY CHOOSE TO UTILIZE...

ICAHN PROVIDES INFORMATION TECHNOLOGY ASSISTANCE TO SMALL RURAL HOSPITALS ACROSS THE STATE, SERVING APPROXIMATELY 58 HOSPITALS. SERVICES ARE AVAILABLE TO ALL 58 HOSPITALS IF THEY CHOOSE TO UTILIZE THEM.

Program 3

Expenses: $232,485 Revenue: $101,500

IN SURVEY SOLUTIONS, ICAHN OFFERS A COMPREHENSIVE SURVEY APPROACH FOR SMALL AND RURAL HOSPITALS AND PRACTICES AT A COST-EFFECTIVE RATE, WHILE PROVIDING A STREAMLINED DATA REPORTING STRUCTURE FOR CMS...

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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 $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

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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

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