Carle Health

Legal name: Proctor Hospital

Nonprofit profile at a glance

EIN
370681540
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Peoria, IL, US
Phone
(217) 383-3311
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$172,217,568
Expenses
$143,424,481
Assets
$194,171,137
Liabilities
$22,264,099

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

Leadership & pay

33 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 serve by delivering world-class care, conducting impactful medical research and training the providers and caregivers of tomorrow.

What it reported doing in 2024

Health-care services proctor hospital is an important element of the healthcare delivery system for peoria, il, and surrounding communities. It is committed to providing quality healthcare and to using its resources to the greatest community benefit. Proctor 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, home health, intensive care, critical care, mental health care, cardiology, oncology, rehabilitation, skilled nursing, behavioral disorder programs, maternal/child care, laboratory, palliative care, pharmaceutical drugs, emergency services, outpatient clinics, check-ups, and radiology as well as a nationally unique addiction recovery center. Some services provided do not generate enough income to offset their cost. In the fiscal period ended december 31, 2024, proctor hospital admitted 3,451 patients resulting in a total of 23,163 patient days. Outpatient visits totaled 57,353 and total outpatient surgery registrations for the same period were 8,644. There were also 21,194 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. 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: 68
  • Transparency & Controls: 76
  • Accountability: 79
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.4%; rating input score 71
  • Program expense ratio: 85.7%; rating input score 86
  • 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: 16.7%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 22nd percentile among comparable filings
  • Asset growth: 4.6% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 71.4% of revenue deployed · 85.7% of spending went to programs
  • Governance: 12 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $122.9M in reported program spending
  • Leadership: top reported pay $2.3M · 33 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.6M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 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.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.