CHESTNUT HEALTH QALICB INC

EIN: 825494819 501(c)(3) Health Care

BLOOMINGTON, IL

Total Revenue
$371,800
Total Expenses
$687,777
Total Assets
$5,984,188
Net Assets
$5,938,633
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IL
Principal Officer
DAVID SHARAR
Phone
3098276026
Tax Period
2024-07-01 to 2025-06-30

CHESTNUT HEALTH QALICB INC, founded in 2018, is a small nonprofit in the Health Care sector that reported $372K in total revenue in fiscal year 2024. Expenses of $688K exceeded revenue, resulting in a 85% operating deficit.

Mission

CHESTNUT HEALTH QALICB, INC IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF CHESTNUT HEALTH SYSTEMS, INC. CHESTNUT HEALTH QALICB, INC'S PURPOSE IS TO HOLD, IMPROVE, AND LEASE REAL PROPERTY TO CHESTNUT HEALTH SYSTEMS, INC. IN FURTHERANCE OF ITS EXEMPT PURPOSE.

Program Service Accomplishments

Program 1
Expenses: $682,762 Revenue: $371,800

BUILDING LEASE TO CHESTNUT HEALTH SYSTEMS, INC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $371,800
TOTAL REVENUE $371,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $682,762
Other Expenses $687,777
TOTAL EXPENSES $687,777

Year-over-Year Comparison

2024 2023 Change
Revenue $371,800 $362,950 +0.0%
Expenses $687,777 $619,042 +0.1%
Net Income $-315,977 $-256,092 +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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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
2
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
4
$1,742,321
Total Directors
5
$1,742,321
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SHARAR CHAIR OF THE BOARD 1.00
Officer Director
$0 $55,544 $757,361
PUNEET LEEKHA VICE-CHAIR OF THE BOARD 1.00
Officer Director
$0 $103,315 $482,163
KAREN RETTICK TREASURER 1.00
Officer Director
$0 $82,346 $502,797
ALAN SENDER SECRETARY 1.00
Officer Director
$0 $0 $0
AARON QUICK DIRECTOR 1.00
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
2025 $371,800 $687,777 $5,984,188 $-315,977
2024 $362,950 $619,042 $6,249,522 $-256,092
2023 $352,400 $609,962 $6,500,063 $-257,562
2022 $340,150 $598,027 $6,752,074 $-257,877
2021 $330,200 $597,004 $7,004,401 $-266,804
2020 $226,491 $1,090,779 $7,255,940 $-864,288
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