Carle BroMenn Medical Center

EIN: 850682363 501(c)(3) Health Care

URBANA, IL

Total Revenue
$250,612,613
Total Expenses
$242,806,087
Total Assets
$68,938,847
Net Assets
$62,625,009
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IL
Phone
2173833311
Tax Period
2023-01-01 to 2023-12-31

Carle BroMenn Medical Center, founded in 2020, is a major nonprofit in the Health Care sector that reported $250.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $242.8M left a modest 3% surplus.

Mission

CARLE BROMENN MEDICAL CENTER'S MISSION IS TO BE THE TRUSTED PARTNER IN ALL HEALTHCARE DECISIONS AND IMPROVE HEALTH BY PROVIDING HIGHLY ACCESSIBLE, WORLD-CLASS CARE AND SERVICE.

Program Service Accomplishments

Program 1
Expenses: $209,894,490 Revenue: $245,707,607

CARLE BROMENN MEDICAL CENTER ("CBMC") IS A TAX-EXEMPT ILLINOIS NOT-FOR-PROFIT CORPORATION ESTABLISHED FOR THE PURPOSE OF OPERATING A HOSPITAL AND CONDUCTING PATIENT CARE RELATED ACTIVITIES. THE...

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CARLE BROMENN MEDICAL CENTER ("CBMC") IS A TAX-EXEMPT ILLINOIS NOT-FOR-PROFIT CORPORATION ESTABLISHED FOR THE PURPOSE OF OPERATING A HOSPITAL AND CONDUCTING PATIENT CARE RELATED ACTIVITIES. THE HEALTHCARE LEADER IN MCLEAN COUNTY, ILLINOIS, CBMC PROVIDES WORLD-CLASS CARE IN NEUROLOGY, CARDIOLOGY, ORTHOPEDICS, OBSTETRICS, BEHAVORIAL HEALTH SERVICES, AND MORE. CBMC IS ALSO A TEACHING FACILITY OFFERING RESIDENCY PROGRAMS IN NEUROSURGERY, NEUROLOGY, FAMILY MEDICINE, AND CLINICAL PASTORAL EDUCATION. CBMC IS A 200 BED HOSPITAL LOCATED AT 1304 FRANKLIN AVENUE, NORMAL, IL PROVIDING A RANGE OF ANCILLARY AND SUPPORT SERVICES. CBMC IS ACCREDITED BY DNV GL HEALTHCARE AND HAS ACHIEVED MAGNET DESIGNATION, THE NATION'S HIGHEST DESIGNATION FOR NURSING CARE. CBMC MAINTAINS ACCREDITATIONS AS A LEVEL II TRAUMA CENTER, CHEST PAIN CENTER, PRIMARY STROKE CENTER AND LEVEL II PERINATAL CENTER, AND IS IPDH EMERGENCY DEPARTMENT APPROVED FOR PEDIATRICS. CBMC CONTINUES A NEARLY 125-YEAR HISTORY OF PROVIDING CHARITABLE, NOT-FOR-PROFIT HOSPITAL CARE FOR BLOOMINGTON-NORMAL, AND THEIR SURROUNDING COMMUNITY. THIS HISTORY BEGAN WITH DEACONESS HOSPITAL, WHICH WAS FORMED IN 1896 AND WHICH LATER CHANGED ITS NAME TO BROKAW HOSPITAL, AND THEN TO BROMENN MEDICAL CENTER AFTER A MERGER WITH MENNONITE HEALTH CARE ASSOCIATION. IN 2010, THE HOSPITAL AND ITS SISTER HOSPITAL, EUREKA HOSPITAL, MERGED INTO ADVOCATE HEALTH AND HOSPITAL CORPORATION (ADVOCATE) AND WAS OPERATED AS A DIVISION OF ADVOCATE, UNTIL JULY 1, 2020 WHEN ACQUIRED BY CARLE HEALTH. FOR 2023, CBMC HAD APPROXIMATELY 204,697 INPATIENT AND OUTPATIENT VISITS WITH APPROXIMATELY 29,943 EMERGENCY DEPARTMENT VISITS AND 1,330 BIRTHS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $512,651
Program Service Revenue $243,430,368
Investment Income $0
Other Revenue $6,669,594
TOTAL REVENUE $250,612,613

Expense Breakdown

Grants Paid $108,309
Salaries & Benefits $100,843,960
Fundraising Expenses $0
Program Expenses $209,894,490
Other Expenses $141,853,818
TOTAL EXPENSES $242,806,087

Year-over-Year Comparison

2023 2022 Change
Revenue $250,612,613 $219,409,107 +0.1%
Expenses $242,806,087 $236,446,704 +0.0%
Net Income $7,806,526 $-17,037,597 -1.5%
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
13
Independent Members
10
Employees
1787
Volunteers
609

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
12
$12,492,077
Total Directors
19
$3,316,467
Key Employees
6
$3,346,568
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary/Treasurer BEG 04/01/2023 38.0
Officer Director
$0 $34,429 $538,284
N/A Immediate Past Chair THRU 03/31/2023 1.0
Officer Director
$0 $0 $0
N/A Vice Chair THRU 03/31/2023 1.0
Officer Director
$0 $0 $0
N/A Chair THRU 03/31/2023 1.0
Officer Director
$0 $0 $0
N/A Vice Chair BEG 04/01/2023 1.0
Officer Director
$0 $0 $0
N/A Chair BEG 04/01/2023 1.0
Officer Director
$0 $0 $0
N/A Secretary/Treasurer THRU 03/31/2023 1.0
Officer Director
$0 $35,685 $625,566
N/A Physician// Director THRU 03/31/2023 1.0
Director
$0 $34,166 $441,082
N/A Director BEG 04/01/2023 1.0
Director
$0 $0 $0
N/A Physician//Director BEG 04/01/2023 1.0
Director
$0 $34,166 $476,703
N/A Director BEG 04/01/2023 1.0
Director
$0 $0 $0
N/A Director BEG 04/01/2023 1.0
Director
$0 $0 $0
N/A Physician//Director BEG 04/01/2023 38.0
Director
$0 $35,350 $1,234,832
N/A Director BEG 04/01/2023 1.0
Director
$0 $0 $0
N/A Director BEG 04/01/2023 1.0
Director
$0 $0 $0
N/A Director THRU 03/31/2023 1.0
Director
$0 $0 $0
N/A Director BEG 04/01/2023 1.0
Director
$0 $0 $0
N/A Director BEG 04/01/2023 1.0
Director
$0 $0 $0
N/A Director BEG 04/01/2023 1.0
Director
$0 $0 $0
N/A Officer - President, Carle Health - Central Region 15.0
Officer
$0 $35,766 $851,487
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 - President, Carle Health Regions // EVP, Chief Operating Officer 1.0
Officer
$0 $363,305 $1,930,636
N/A Officer - EVP, Chief Medical Officer 1.0
Officer
$0 $115,459 $1,056,334
N/A VP, BroMenn & Eureka Ambulatory Care 36.0
Key Emp
$0 $21,754 $273,066
N/A Associate Chief Medical Officer, BroMenn & Eureka 30.0
Key Emp
$0 $33,314 $686,903
N/A EVP, Chief Human Resources Officer 1.0
Key Emp
$0 $209,640 $1,155,351
N/A VP, Chief Nursing Officer - BroMenn & Eureka 36.0
Key Emp
$0 $27,741 $363,611
N/A VP, Pharmacy Services 10.0
Key Emp
$0 $58,124 $435,206
N/A VP, Construction & Facility Services 1.0
Key Emp
$0 $68,059 $432,431
N/A Clinical Pharmacist 40.0
Highest
$225,986 $21,612 $247,598
N/A Director, Pharmacy Services 40.0
Highest
$253,936 $6,436 $260,372
N/A Director, Carle Cancer Institute Normal 40.0
Highest
$230,666 $4,195 $234,861
N/A Registered Nurse - BMC CRU 40.0
Highest
$246,741 $4,477 $251,218
N/A Director, Nursing Services 40.0
Highest
$243,971 $24,023 $267,994
N/A Former - Officer 0.0
$0 $35,014 $318,655
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 $250,612,613 $242,806,087 $68,938,847 $7,806,526
2022 $219,409,107 $236,446,704 $61,296,148 $-17,037,597
2021 $210,828,397 $207,580,294 $59,991,964 $3,248,103
2020 $108,794,100 $88,781,179 $29,415,464 $20,012,921
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