Carle Health
Legal name: Carle Eureka Hospital
Nonprofit profile at a glance
- EIN
- 850688306
- IRS 990 coverage
- 2020–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Urbana, IL, USA
- Phone
- (217) 383-3311
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals and Related Primary Medical Care Facilities
Reported finances
- Revenue
- $31,252,050
- Expenses
- $29,651,349
- Assets
- $6,636,018
- Liabilities
- $2,934,403
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- COLLEEN KANNADAY (OFFICER - PRESIDENT, CARLE HEALTH - CENTRAL REGION)
- JAMES C LEONARD MD (OFFICER - PRESIDENT & CEO)
- MATTHEW KOLB JD MHA (OFFICER - PRESIDENT, CARLE HEALTH REGIONS // EVP, CHIEF OPERATING OFFICER)
Highest reported compensation
- JAMES C LEONARD MD (OFFICER - PRESIDENT & CEO): $2,348,482 total reported compensation
- MATTHEW KOLB JD MHA (OFFICER - PRESIDENT, CARLE HEALTH REGIONS // EVP, CHIEF OPERATING OFFICER): $1,752,332 total reported compensation
- DENNIS HESCH (OFFICER - EVP, CHIEF FINANCE & STRATEGY OFFICER): $1,507,677 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To be the trusted partner in all healthcare decisions and improve health by providing highly accessible, world-class care and services.
What it reported doing in 2024
Carle Eureka Hospital ("CEH") is a tax-exempt Illinois not-for-profit corporation established for the purpose of operating a hospital and conducting patient care related activities. CEH has served and cared for the people of central Illinois for nearly 120 years. A 25-bed facility located in Eureka, IL, we've set new standards for what a rural hospital can achieve. With many awards for quality and patient satisfaction, our skilled staff provides emergency care, inpatient and outpatient surgeries, rehabilitation, advanced radiology and more. The hospital is fully accredited DNV GL Healthcare and is an Acute Stroke Ready Hospital. CEH continues a century-long tradition of providing charitable, not-for-profit hospital care for Eureka and its surrounding community. The history began in 1914 when a local physician purchased a house and converted it into the original Eureka Hospital. In 1978, Eureka Hospital was purchased by Mennonite Health Care Association ("Mennonite"). Mennonite later merged with another local healthcare organization that operated Brokaw Hospital in Bloomington. In 2010, Eureka Hospital merged into Advocate Health and Hospital Corporation (Advocate). From that time, the hospital was known as Advocate Eureka Hospital and was operated as a division of Advocate, until July 1, 2020 when it was purchased by Carle Health. for 2024, cEH had approximately 58,827 inpatient and outpatient visits, approximately 3,715 emergency department visits, and 3,075 convenient care visits.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 71
- Accountability: 70
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83%; rating input score 83
- Program expense ratio: 87.5%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; 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: Limited
- 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; 11th 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: 5.1%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 15.5%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 23.8% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 22.7% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 14.9% per year; rating input score 100; 81st percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 83% of revenue deployed · 87.5% of spending went to programs
- Governance: 7 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $25.9M in reported program spending
- Leadership: top reported pay $2.3M · 31 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1.2M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 55 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.