Riverside Healthcare

Legal name: Riverside Medical Center

Nonprofit profile at a glance

EIN
362414944
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Kankakee, IL, USA
Phone
8159331671
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General
Affiliation
Christianity

Official website

Reported finances

Revenue
$528,776,786
Expenses
$465,783,470
Assets
$833,522,303
Liabilities
$239,866,129

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

Leadership & pay

29 people listed

Executive titles in this filing

  • PHIL KAMBIC (PRESIDENT/CEO)
  • BILL DOUGLAS (STRATEGIC ADVISOR TO THE PRESIDENT)

Highest reported compensation

  • PHIL KAMBIC (PRESIDENT/CEO): $1,679,403 total reported compensation
  • DR VIKAS PATEL (PHYSICIAN): $1,638,618 total reported compensation
  • DR JUAN JIMENEZ (Physician): $1,599,297 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

At Riverside, our mission is to provide healthcare experiences that are just as remarkable. We do this for each and every person, regardless of their personal or economic circumstances. We offer our highest thinking, our kindest touch, and our strongest commitment to excellence. At Riverside, we follow a strong set of core values while we provide our patients with the utmost care. Our Mission Statement Our Mission Statement. Statement _**Life is a remarkable journey.**_ Health impacts every step - how we connect with others, how we express our potential, how we pursue our dreams.

What it reported doing in 2024

Cardiology - the riverside heart center is recognized as the most advanced cardiac center in the region. Patients are transferred in from surrounding counties and hospitals for the care provided by the nationally ranked cardiac teams at riverside. The society of chest pain centers has awarded accreditation to riverside as an advanced chest pain center for its ability to meet the highest standards for the care of individuals experiencing a heart attack and rapid intervention to stop the heart attack. Services include comprehensive cardiac services such as: open heart surgery, heart valve repair and ventricular remodeling, mitral valve surgery, a trial fibrillation management, heart rhythm disorder diagnostics and management, three advanced cardiac catheterization labs, a full array of cardiac diagnostics and cardiac rehab, women's heart awareness and education program, and heart scan to identify risk for heart attack. In 2024, there were 90 cardiac surgeries performed. Also, there were 1,474 cardiac catheterization procedures performed.

Operating model

Revenue model
Other-operating. 97% 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. Some related-organization disclosures are missing and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 77
  • Accountability: 82
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.7%; rating input score 90
  • Program expense ratio: 94.9%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 60.6%; rating input score 61; 12th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 69.2%; rating input score 69; 20th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.9%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 1.79; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 31st percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 89.7% of revenue deployed · 94.9% of spending went to programs
  • Governance: 9 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $442.2M in reported program spending
  • Leadership: top reported pay $1.7M · 29 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $16.6M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 11 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 24 filed money-flow records
  • Related organizations: 10 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 — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.