Methodist Medical Center Foundation
Nonprofit profile at a glance
- EIN
- 510186460
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Urbana, IL, USA
- Phone
- 2173833311
- Rating confidence
- Limited
- Sector
- Fund Raising and/or Fund Distribution
- Affiliation
- Christianity
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- Keith Knepp MD (Ex Officio, Voting // Officer - President, Carle Health - West 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): $1,507,676 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The methodist medical center foundation (mmcf) d/b/a carle health center for philanthropy - greater peoria is a tax-exempt Illinois not-for-profit corporation established to solicit and manage gifts and bequests on behalf of carle health - west region. The foundation has two primary areas of focus - healthcare and education. As such, it will create and implement strategies that attract, retain, and grow donors with interests and commitments to the hospitals, the college, the clinics, as well as the overall health improvement in the regional community.
What it reported doing in 2024
Grants, allocations and program support methodist medical center foundation's purpose is to raise funds to maintain, develop, increase, and extend the facilities and services of methodist medical center of Illinois, proctor hospital, methodist college, and carle clinics in - and surrounding - peoria, il, and to provide broader hospital, medical and educational service opportunities to its patients, students, staff, faculty, and residents of the geographical area it serves. It supports the missions of methodist medical center of Illinois, proctor hospital, methodist college, and carle clinics by raising financial contributions and investing the proceeds. During 2023, methodist medical center foundation ceased conducting program services and net assets were transferred to the carle development foundation.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 63
- Accountability: 82
- Sustainability: NotEnoughData
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 89.5%; rating input score 89; 11th 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 84.2%; rating input score 84; 26th 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: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: 4.4% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: -0.8% per year; rating input score 0; 56th percentile among comparable filings
- Asset growth: -2.3% per year; rating input score 0; 29th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 16 of 19 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $2.3M · 23 people listed · 1 of 6 pay-setting controls reported
- Consistency: 13 of 15 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- 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.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.