Deaconess Illinois Red Bud Regiona… - 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

2022

Legal Domicile

Principal Officer

William Davis

Phone

6122823831

Tax Period

2023-10-01 to 2024-09-30

Deaconess Illinois Red Bud Regional Hospital Inc, founded in 2022, is a mid-sized nonprofit in the Health Care sector that reported $43.2M in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $38.3M left a modest 11% surplus.

Mission

In keeping with our Christian heritage and tradition of service, the mission of Deaconess is to advance the health and well-being of our community with a compassionate and caring spirit.

Program Service Accomplishments

Program 1

Expenses: $29,095,201 Revenue: $43,058,971

Deaconess Illinois Red Bud Regional Hospital, Inc. (Hospital) is a 25-bed critical access hospital located in Red Bud, Illinois formerly known as Red Bud Regional Hospital. The Hospital provides...

Deaconess Illinois Red Bud Regional Hospital, Inc. (Hospital) is a 25-bed critical access hospital located in Red Bud, Illinois formerly known as Red Bud Regional Hospital. The Hospital provides inpatient, outpatient, and emergency care services for residents of southern Illinois. Effective January 14, 2023, Red Bud Regional Hospital was acquired by Deaconess Regional Healthcare Services Illinois, Inc. (Deaconess) which is organized as a nonprofit corporation to facilitate diversification of services across Southern Illinois and Indiana.Statement continued on Schedule O.The Hospital provides care to patients who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Since the Hospital does not pursue collections of these amounts, they are not reported as patient service revenue. The estimated cost of providing these services was $10,000 for the year ended September 30, 2024, calculated by multiplying the ratio of cost to gross charges for the Hospital by the gross uncompensated charges associated with providing charity care to its patients.

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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 $28,528

Program Service Revenue $43,058,971

Investment Income $5,219

Other Revenue $72,300

TOTAL REVENUE $43,165,018

Expense Breakdown

Grants Paid $1,250

Salaries & Benefits $12,834,730

Fundraising Expenses $0

Program Expenses $29,095,201

Other Expenses $25,415,328

TOTAL EXPENSES $38,251,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,165,018	$23,755,672	+0.8%
Expenses	$38,251,308	$29,121,380	+0.3%
Net Income	$4,913,710	$-5,365,708	-1.9%

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

287

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marc J Florence	President	1.00	Officer Director	$0	$0	$0
Steve Titzer	Chairperson	1.00	Officer Director	$0	$0	$0
Glenn Clarida	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Gene Morris	Secretary	1.00	Officer Director	$0	$0	$0
Tony Wielt	Treasurer	1.00	Officer Director	$0	$0	$0
Jeff Justice	Director	1.00	Director	$0	$0	$0
Lynn C Lingafelter	Director	1.00	Director	$0	$0	$0
William Davis	IL Region President	10.00	Officer	$0	$0	$0
Amber Lipe	CFO	10.00	Officer	$0	$0	$0
Jennifer Gregson	CAO	40.00	Officer	$0	$0	$0
Daniel Bollmann	Director of Pharmacy	40.00	Highest	$115,448	$41,259	$156,707
Donna Erps	RN	43.00	Highest	$113,918	$18,622	$132,540
Julia Schierhoff	RN	44.00	Highest	$104,816	$22,374	$127,190
Lori Brooks	Director of Human Resources	40.00	Highest	$101,556	$25,902	$127,458
Kara Roth	Nurse Practitioner	40.00	Highest	$103,380	$589	$103,969

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	$43,165,018	$38,251,308	$45,316,520	$4,913,710
2023	$23,755,672	$29,121,380	$49,456,265	$-5,365,708

Deaconess Illinois Red Bud Regional Hospital Inc