Carle West Physician Group Inc

EIN: 850703768 501(c)(3) Health Care

URBANA, IL

Total Revenue
$62,093,261
Total Expenses
$115,069,759
Total Assets
$8,947,797
Net Assets
$-982,684
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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
2020
Legal Domicile
IL
Phone
2173833311
Tax Period
2023-01-01 to 2023-12-31

Carle West Physician Group Inc, founded in 2020, is a mid-sized nonprofit in the Health Care sector that reported $62.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $115.1M exceeded revenue, resulting in a 85% operating deficit.

Mission

Carle West Physician Group's mission is to be the trusted partner in all healthcare decisions and improve health by providing highly accessible, world-class care and service.

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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 $956,119
Program Service Revenue $60,388,916
Investment Income $6
Other Revenue $748,220
TOTAL REVENUE $62,093,261

Expense Breakdown

Grants Paid $7,500
Salaries & Benefits $78,079,542
Fundraising Expenses $0
Program Expenses $104,855,226
Other Expenses $36,982,717
TOTAL EXPENSES $115,069,759

Year-over-Year Comparison

2023 2022 Change
Revenue $62,093,261 $49,382,701 +0.3%
Expenses $115,069,759 $98,832,809 +0.2%
Net Income $-52,976,498 $-49,450,108 +0.1%
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

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Governance

Voting Members
6
Independent Members
4
Employees
548
Volunteers
10

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
8
$11,102,306
Total Directors
6
$1,066,648
Key Employees
6
$3,996,430
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Immediate Past Chair 1.0
Officer Director
$0 $0 $0
N/A Vice Chair 1.0
Officer Director
$0 $0 $0
N/A Chair 1.0
Officer Director
$0 $0 $0
N/A Secretary/Treasurer 1.0
Officer Director
$0 $35,685 $625,566
N/A TRUSTEE 1.0
Director
$0 $34,166 $441,082
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A Officer - EVP, Chief Finance & Strategy Officer 0.5
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, COO 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 Associate Medical Director 40.0
Key Emp
$702,963 $34,429 $737,392
N/A VP, BroMenn & Eureka Ambulatory Care 0.0
Key Emp
$251,312 $21,754 $273,066
N/A Associate Chief Medical Officer, BroMenn & Eureka 1.0
Key Emp
$0 $33,314 $686,903
N/A Physician - Neurology 1.0
Key Emp
$0 $36,405 $711,287
N/A EVP, Chief Human Resources Officer 1.0
Key Emp
$0 $209,640 $1,155,351
N/A VP, Construction & Facility Services 1.0
Key Emp
$0 $68,059 $432,431
N/A Physician - Neurosurgery 40.0
Highest
$2,180,960 $15,415 $2,196,375
N/A Physician - Neurosurgery 40.0
Highest
$1,193,297 $7,452 $1,200,749
N/A Physician - Hand, Orthopedics & Sports Medicine 40.0
Highest
$1,199,482 $35,350 $1,234,832
N/A Physician - Orthopedics & Sports Medicine 40.0
Highest
$1,036,980 $37,216 $1,074,196
N/A Physician - Orthopedics & Sports Medicine 40.0
Highest
$1,245,547 $34,166 $1,279,713
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 $62,093,261 $115,069,759 $8,947,797 $-52,976,498
2022 $49,382,701 $98,832,809 $7,428,847 $-49,450,108
2021 $40,693,056 $82,621,837 $7,904,406 $-41,928,781
2020 $13,651,776 $30,362,009 $3,673,440 $-16,710,233
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