Carle Health

Legal name: Proctor Health Systems

Nonprofit profile at a glance

EIN
364147437
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Peoria, IL, US
Phone
(217) 383-3311
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Health Treatment Facilities, Primarily Outpatient

Official website

Reported finances

Revenue
$38,316,180
Expenses
$72,962,642
Assets
$41,857,415
Liabilities
$4,563,300

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • James C Leonard MD (Officer - President & CEO)
  • Keith Knepp MD (Ex Officio, Non-Voting // Officer - President, Carle Health - West Region)
  • 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 serve by delivering world-class care, conducting impactful medical research and training the providers and caregivers of tomorrow.

What it reported doing in 2024

Proctor Health System Board reviewed and approved the Carle Health Methodist Physician Group (CHMPG) medical staff bylaw requirement and the CHMPG Medical Staff Bylaws and Credentialing policy for the medical staff. The CHMPG Medical Staff Physicians were asked for their review and approval or objection. All who responded voted to approve both governing documents. The Medical Staff presented a list of applicants requesting credentialing or recredentialing as listed in the February 19, 2024, CHMPG Credentials Committee minutes. The board approved as listed in the minutes.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 72
  • Accountability: 91
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.2%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: -90.4%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.57; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 7.6%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 25.8% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 18% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 24.3% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 97.2% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $70.9M in reported program spending
  • Leadership: top reported pay $2.3M · 24 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $654K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes executive pay and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 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 — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.