Carle Health
Legal name: Pekin Memorial Hospital
Nonprofit profile at a glance
- EIN
- 370692351
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Peoria, IL, US
- Phone
- (217) 383-3311
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $60,594,136
- Expenses
- $58,360,963
- Assets
- $91,547,218
- Liabilities
- $10,294,652
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 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 (Ex Officio, Non-Voting // Officer - President, Carle Health Regions // EVP, COO)
Highest reported compensation
- James C Leonard MD (Officer - President & CEO): $2,348,482 total reported compensation
- Matthew Kolb JD MHA (Ex Officio, Non-Voting // Officer - President, Carle Health Regions // EVP, COO): $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
To be the trusted partner in all healthcare decisions and to improve health by providing highly accessible, world-class care and services.
What it reported doing in 2024
HEALTH-CARE SERVICES pekin memorial hospital, a magnet-designated 85-bed facility in pekin, illinois, provides healthcare services to pekin, IL and surrounding communities by offering an emergency department, physical rehabilitation services, radiology imaging, women's diagnostic center, and surgery services. pekin memorial hospital also provides several other benefits that assist the community. programs include, but are not limited to, community health improvement and community benefit operations such as prevention and health screenings, continuing education for health professionals, subsidized health services, research, and contributions (both cash and in-kind) to community groups. pekin memorial hospital collaborates with community stakeholders to improve community health and access to healthcare. Pekin Memorial Hospital provides inpatient and outpatient medical services to treat individuals with diseases, ILLNESS, and injuries of varying complexities. It provides services to improve the health of patients and to improve their quality of life. All services are provided regardless of an individual's race, creed, sex, nationality, handicap, age, or ability to compensate for services rendered. services include, but are not limited to, general acute care, surgeries, intensive care, critical care, and emergency. Some services provided do not generate enough income to offset their cost. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2024, PEKIN MEMORIAL HOSPITAL ADMITTED 1,687 PATIENTS RESULTING IN A TOTAL OF 7,606 PATIENT DAYS. OUTPATIENT VISITS TOTALED 62,898 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 2,285. THERE WERE ALSO 25,531 EMERGENCY ROOM VISITS.
Operating model
- Revenue model
- Other-operating. 99% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 76
- Accountability: 79
- Sustainability: 52
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.9%; rating input score 78
- Program expense ratio: 80.8%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: 80%; rating input score 80; 28th 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: 3.7%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 1.57; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 4.3%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: -2.8% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -2.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 8th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 3 operating locations identified
- Where the money goes: 77.9% of revenue deployed · 80.8% of spending went to programs
- Governance: 12 of 15 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $47.2M in reported program spending
- Leadership: top reported pay $2.3M · 34 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Sustainability: Operating margin scored 51/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Officer compensation ratio scored 22/100.