Carle Health

What it reported doing in 2024

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 over 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 2024, cbmc had approximately 278,982 inpatient and outpatient visits with approximately 31,034 emergency department visits and 1,363 births.

Financial Efficiency

• Mission deployment rate: 72.9%; rating input score 73
• Program expense ratio: 79.5%; rating input score 79
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 85.9%; rating input score 86; 20th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 63.6%; rating input score 64; 18th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 8.6%; rating input score 69; 69th percentile among comparable filings
• Total-asset coverage ratio: 0.27; rating input score 9; 9th percentile among comparable filings
• Liabilities to assets ratio: 0.15; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 1.2%; rating input score 71; 71st percentile among comparable filings

Growth

• Program expense growth: 18.6% per year; rating input score 100; 91st percentile among comparable filings
• Revenue growth: 19.2% per year; rating input score 100; 93rd percentile among comparable filings
• Asset growth: 17.3% per year; rating input score 100; 90th percentile among comparable filings