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Nonprofiteer
← THE CARLE FOUNDATION

Form 990 for tax year 2024

Filed by THE CARLE FOUNDATION.

Totals

Total revenue
$693,331,990
Total expenses
$641,458,723
Contributions and grants received
$1,269,083
Grants paid
$3,416,880
Program service revenue
$586,728,208
Investment income
$91,600,266
Other revenue
$13,734,433
Total assets, end of year
$3,261,726,458
Total liabilities, end of year
$1,438,572,621
Net assets or fund balances, end of year
$1,823,153,837
Program services expenses (Part IX)
$279,757,509
Management and general expenses
$361,701,214
Fundraising expenses
$0
Program service expenses (Part III)
$279,757,509

Program services were 43.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $795,572

  • 1e · Government grants (contributions)

    $473,511

  • 2a · Program service revenue: Management Fees

    total $514,651,369 · related or exempt $497,290,552 · unrelated business $17,360,817

  • 2b · Program service revenue: Rent from related organizations

    total $67,366,151 · related or exempt $64,690,679 · unrelated business $2,675,472

  • 2c · Program service revenue: Internal Support Services

    total $4,616,993 · related or exempt $3,963,636 · unrelated business $653,357

  • 2d · Program service revenue: Workforce Revenue

    total $92,241 · related or exempt $92,241

  • 2e · Program service revenue: Catering Revenue

    total $1,454 · related or exempt $1,454

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $53,769,716 · unrelated business $584,578 · excluded $53,185,138

  • 4 · Income from investment of tax-exempt bond proceeds

    total $6,011,119 · excluded $6,011,119

  • 6a · Gross rents

    real property $7,571,536

  • 6b · Less rental expenses

    real property $6,504,070

  • 6c · Rental income or loss

    real property $1,067,466 · personal property $0

  • 6d · Net rental income or loss

    total $1,067,466 · unrelated business -$756,530 · excluded $1,823,996

  • 7a · Gross sales of assets other than inventory

    securities $273,285,735 · other assets $4,364,552

  • 7b · Less cost or other basis and sales expenses

    securities $244,665,987 · other assets $1,164,869

  • 7c · Gain or loss

    securities $28,619,748 · other assets $3,199,683

  • 7d · Net gain or loss

    total $31,819,431 · excluded $31,819,431

  • 11a · Other revenue: Dining Services

    total $4,389,481 · excluded $4,389,481

  • 11b · Other revenue: Parking Ramp Revenue

    total $685,763 · excluded $685,763

  • 11c · Other revenue: Conference & Training Revenue

    total $114,067 · related or exempt $114,067

  • 11d · All other revenue

    total $7,477,656 · related or exempt $7,477,656 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $12,666,967

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,416,880 · program services $3,416,880

  • 5 · Compensation of officers, directors and key employees

    total $9,468,124 · program services $4,734,062 · management and general $4,734,062

  • 6 · Compensation of disqualified persons

    total $70,825 · program services $70,825

  • 7 · Other salaries and wages

    total $203,853,166 · program services $91,672,591 · management and general $112,180,575

  • 8 · Pension plan contributions

    total $7,436,583 · program services $2,811,877 · management and general $4,624,706

  • 9 · Other employee benefits

    total $52,671,026 · program services $16,894,319 · management and general $35,776,707

  • 10 · Payroll taxes

    total $15,594,103 · program services $6,843,380 · management and general $8,750,723

  • 11b · Fees: legal

    total $13,267,439 · management and general $13,267,439

  • 11c · Fees: accounting

    total $1,075,351 · management and general $1,075,351

  • 11d · Fees: lobbying

    total $3,734 · management and general $3,734

  • 11f · Fees: investment management

    total $3,428,074 · management and general $3,428,074

  • 11g · Fees: other

    total $65,840,822 · program services $21,088,333 · management and general $44,752,489 · fundraising $0

  • 12 · Advertising and promotion

    total $1,152,597 · management and general $1,152,597

  • 13 · Office expenses

    total $56,608,897 · program services $21,505,051 · management and general $35,103,846

  • 14 · Information technology

    total $57,201,934 · program services $20,552,750 · management and general $36,649,184

  • 16 · Occupancy

    total $14,371,277 · program services $7,304,259 · management and general $7,067,018

  • 17 · Travel

    total $681,222 · program services $188,173 · management and general $493,049

  • 19 · Conferences, conventions and meetings

    total $882,193 · program services $126,213 · management and general $755,980

  • 20 · Interest

    total $39,569,018 · program services $39,057,462 · management and general $511,556

  • 22 · Depreciation, depletion and amortization

    total $74,045,856 · program services $37,665,898 · management and general $36,379,958

  • 23 · Insurance

    total $5,748,233 · program services $605,952 · management and general $5,142,281

  • 24a · Other expenses: Internal Support Services

    total $6,656,475 · program services $1,783,584 · management and general $4,872,891

  • 24b · Other expenses: Non-Physician Recruitment

    total $2,470,801 · program services $231,042 · management and general $2,239,759

  • 24c · Other expenses: Patient Care Supplies

    total $2,201,628 · program services $2,201,628

  • 24d · Other expenses: DUES AND MEMBERSHIPS

    total $1,308,944 · program services $592,088 · management and general $716,856

  • 24e · All other expenses

    total $2,433,521 · program services $411,142 · management and general $2,022,379 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,610 · end of year $142,593

  • 2 · Savings and temporary cash investments

    beginning of year $344,652,532 · end of year $415,001,399

  • 4 · Accounts receivable

    beginning of year $217,906 · end of year $2,908,094

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,064,716 · end of year $1,819,916

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,931,000 · end of year $35,946,101

  • 10a · Land, buildings and equipment: cost or other basis

    $1,805,133,397

  • 10b · Land, buildings and equipment: accumulated depreciation

    $817,441,548

  • 10c · Land, buildings and equipment, net

    beginning of year $998,211,695 · end of year $987,691,849

  • 11 · Investments: publicly traded securities

    beginning of year $1,380,009,783 · end of year $1,576,928,067

  • 12 · Investments: other securities

    beginning of year $183,231,574 · end of year $209,248,782

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $32,906,084 · end of year $32,039,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $133,503,500 · end of year $148,348,927

  • 19 · Deferred revenue

    end of year $55,970

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,204,476,754 · end of year $1,199,083,288

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $55,360,094 · end of year $91,084,436

  • 27 · Net assets without donor restrictions

    beginning of year $1,583,887,552 · end of year $1,812,176,648

  • 28 · Net assets with donor restrictions

    end of year $10,977,189

Mission and programs · 2024

Mission

TO BE THE TRUSTED PARTNER IN ALL HEALTHCARE DECISIONS AND TO IMPROVE HEALTH BY PROVIDING HIGHLY ACCESSIBLE, WORLD-CLASS CARE AND SERVICES.

  • THE CARLE FOUNDATION IS ORGANIZED AND AT ALL TIMES OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE FOLLOWING HEALTHCARE ORGANIZATIONS WHICH ARE AFFILIATED WITH THE CORPORATION THROUGH THE PROVISION OF FINANCIAL AND MANAGEMENT ASSISTANCE: THE CARLE FOUNDATION HOSPITAL, CARLE BROMENN MEDICAL CENTER, CARLE EUREKA HOSPITAL, HOOPESTON COMMUNITY MEMORIAL HOSPITAL D/B/A CARLE HOOPESTON REGIONAL HEALTH CENTER, RICHLAND MEMORIAL HOSPITAL D/B/A CARLE RICHLAND MEMORIAL HOSPITAL, THE METHODIST MEDICAL CENTER OF ILLINOIS D/B/A CARLE HEALTH METHODIST HOSPITAL, PROCTOR HOSPITAL D/B/A CARLE HEALTH PROCTOR HOSPITAL, PEKIN MEMORIAL HOSPITAL D/B/A CARLE HEALTH PEKIN HOSPITAL, CARLE HEALTH CARE INCORPORATED D/B/A CARLE PHYSICIAN GROUP, THE CARLE DEVELOPMENT FOUNDATION D/B/A CARLE HEALTH CENTER FOR PHILANTHROPY, OR ANY OTHER NOT-FOR-PROFIT CORPORATION THAT IS OR BECOMES AFFILIATED WITH THE CORPORATION, OR ANY OF THE HEALTH CARE ORGANIZATIONS DESCRIBED IN THIS SECTION, WHICH QUALIFIES FOR EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND AS A PUBLIC CHARITY UNDER SECTIONS 509(A)(1) OR (2) OF THE CODE. THE CARLE FOUNDATION: (A) SERVES AS THE PARENT CORPORATION FOR AN INTEGRATED HEALTH CARE DELIVERY NETWORK (B) PROVIDES FINANCING AND MANAGEMENT ASSISTANCE TO THE ORGANIZATIONS DESCRIBED ABOVE (C) ACQUIRES, OWNS, USES, LEASES AS LESSOR OR LESSEE, CONVEYS AND OTHERWISE DEALS IN AND WITH REAL PROPERTY AND ANY INTEREST THEREIN, ALL IN SUPPORT OF OR IN FURTHERANCE OF THE CHARITABLE PURPOSES OF THE ORGANIZATIONS DESCRIBED ABOVE (D) CONTRACTS WITH OTHER ORGANIZATIONS (FOR PROFIT AND NOT-FOR-PROFIT), WITH INDIVIDUALS, AND WITH GOVERNMENTAL AGENCIES IN SUPPORT OF, OR IN FURTHERANCE OF, THE CHARITABLE PURPOSES OF THE ORGANIZATIONS DESCRIBED ABOVE AND (E) OWNS OR OPERATES FACILITIES OR OWNS OTHER ASSETS FOR PUBLIC USE AND WELFARE IN FURTHERANCE OF THE CHARITABLE PURPOSES OF THE ORGANIZATIONS DESCRIBED ABOVE.

    Expenses $279,757,509 · Grants $3,416,880 · Revenue $594,319,931

As filed on the 2024 return.

Listed in Part VII

  • Mark Czys

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Paul Tucker PhD

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Uretz Oliphant MD

    SECRETARY/TREASURER

    Total calculated
    $138,666
    From this org
    $0
    From related orgs
    $131,034
    Other
    $7,632
    Hours/week
    1 + 39 related

  • Aja Lystila MD

    BOARD MEMBER // PHYSICIAN

    Total calculated
    $533,549
    From this org
    $0
    From related orgs
    $475,149
    Other
    $58,400
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $423,316 related
    Bonus
    $0 + $48,622 related
    Other
    $0 + $3,211 related
    Deferred
    $0 + $27,678 related
    Nontaxable benefits
    $0 + $30,722 related
    Filer's total
    $0 + $533,549 related

  • Debbie Simon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • Dennis Triggs JD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.8 related

  • Jamel Wright PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • James Stevenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Maryjane Wurth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Devocelle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.2

  • Phyllis Wise PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Porter MD

    BOARD MEMBER // PHYSICIAN

    Total calculated
    $893,616
    From this org
    $0
    From related orgs
    $831,258
    Other
    $62,358
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $768,116 related
    Bonus
    $0 + $36,705 related
    Other
    $0 + $26,437 related
    Deferred
    $0 + $27,678 related
    Nontaxable benefits
    $0 + $34,680 related
    Filer's total
    $0 + $893,616 related

  • Sherfield Dawson MD

    BOARD MEMBER // PHYSICIAN

    Total calculated
    $939,679
    From this org
    $0
    From related orgs
    $893,402
    Other
    $46,277
    Hours/week
    0.1 + 41.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $843,497 related
    Bonus
    $0 + $46,468 related
    Other
    $0 + $3,437 related
    Deferred
    $0 + $27,678 related
    Nontaxable benefits
    $0 + $18,599 related
    Filer's total
    $0 + $939,679 related

  • Dennis Hesch

    OFFICER - EVP, CHIEF FINANCE & STRATEGY OFFICER

    Total calculated
    $1,507,677
    From this org
    $1,175,111
    From related orgs
    $0
    Other
    $332,566
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $1,145,424
    Bonus
    $0
    Other
    $29,687
    Deferred
    $306,265
    Nontaxable benefits
    $26,301
    Filer's total
    $1,507,677

  • James C Leonard MD

    EX-OFFICIO, OFFICER - PRESIDENT & CEO

    Total calculated
    $2,348,482
    From this org
    $2,298,226
    From related orgs
    $0
    Other
    $50,256
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $1,805,832
    Bonus
    $0
    Other
    $492,394
    Deferred
    $27,678
    Nontaxable benefits
    $22,578
    Filer's total
    $2,348,482

  • Lauren Schmid MBA

    OFFICER - EVP, CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $983,756
    From this org
    $878,588
    From related orgs
    $0
    Other
    $105,168
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $711,410
    Bonus
    $0
    Other
    $167,178
    Deferred
    $74,631
    Nontaxable benefits
    $30,537
    Filer's total
    $983,756

  • Laurence Fallon JD

    OFFICER - EVP, CHIEF LEGAL OFFICER

    Total calculated
    $1,017,845
    From this org
    $798,181
    From related orgs
    $0
    Other
    $219,664
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $768,538
    Bonus
    $0
    Other
    $29,643
    Deferred
    $192,758
    Nontaxable benefits
    $26,906
    Filer's total
    $1,017,845

  • Matthew Kolb JD Mha

    OFFICER - PRESIDENT, CARLE HEALTH REGIONS // EVP, CHIEF OPERATING OFFICER

    Total calculated
    $1,752,332
    From this org
    $1,418,629
    From related orgs
    $0
    Other
    $333,703
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $1,119,849
    Bonus
    $0
    Other
    $298,780
    Deferred
    $302,587
    Nontaxable benefits
    $31,116
    Filer's total
    $1,752,332

  • Napoleon Knight MD MBA

    OFFICER - EVP, CHIEF MEDICAL OFFICER

    Total calculated
    $1,132,746
    From this org
    $1,091,552
    From related orgs
    $0
    Other
    $41,194
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $832,803
    Bonus
    $0
    Other
    $258,749
    Deferred
    $27,678
    Nontaxable benefits
    $13,516
    Filer's total
    $1,132,746

  • Mary Treacy-Shiff

    VP, FINANCE & REPORTING

    Total calculated
    $405,963
    From this org
    $348,015
    From related orgs
    $0
    Other
    $57,948
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $334,228
    Bonus
    $0
    Other
    $13,787
    Deferred
    $56,213
    Nontaxable benefits
    $1,735
    Filer's total
    $405,963

  • Nicholas Crompton

    VP, CONSTRUCTION & FACILITY SERVICES

    Total calculated
    $387,765
    From this org
    $303,209
    From related orgs
    $0
    Other
    $84,556
    Hours/week
    21 + 19 related

    Schedule J breakdown matched by us

    Base
    $299,356
    Bonus
    $0
    Other
    $3,853
    Deferred
    $50,322
    Nontaxable benefits
    $34,234
    Filer's total
    $387,765

  • Richard Rinehart

    VP, INFORMATION TECHNOLOGY & CHIEF INFORMATION OFFICER

    Total calculated
    $632,628
    From this org
    $496,973
    From related orgs
    $0
    Other
    $135,655
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $490,461
    Bonus
    $0
    Other
    $6,512
    Deferred
    $110,925
    Nontaxable benefits
    $24,730
    Filer's total
    $632,628

  • Scott Hendrie

    VP, FINANCE & TREASURY

    Total calculated
    $469,351
    From this org
    $416,624
    From related orgs
    $0
    Other
    $52,727
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $340,396
    Bonus
    $0
    Other
    $76,228
    Deferred
    $34,541
    Nontaxable benefits
    $18,186
    Filer's total
    $469,351

  • Caleb Miller

    SVP, SURGICAL SERVICES & AMBULATORY CARE

    Total calculated
    $628,236
    From this org
    $540,975
    From related orgs
    $0
    Other
    $87,261
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $438,377
    Bonus
    $0
    Other
    $102,598
    Deferred
    $56,043
    Nontaxable benefits
    $31,218
    Filer's total
    $628,236

  • Colleen Kannaday

    PRESIDENT, CARLE HEALTH - CENTRAL REGION

    Total calculated
    $862,570
    From this org
    $673,013
    From related orgs
    $0
    Other
    $189,557
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $645,178
    Bonus
    $0
    Other
    $27,835
    Deferred
    $157,235
    Nontaxable benefits
    $32,322
    Filer's total
    $862,570

  • Dawn Walden

    SVP, CHIEF REVENUE CYCLE OFFICER

    Total calculated
    $670,728
    From this org
    $653,053
    From related orgs
    $0
    Other
    $17,675
    Hours/week
    23 + 17 related

    Schedule J breakdown matched by us

    Base
    $125,407
    Bonus
    $38,650
    Other
    $488,996
    Deferred
    $10,350
    Nontaxable benefits
    $7,325
    Filer's total
    $670,728

  • Elizabeth Angelo Dnp RN-Bc

    PRESIDENT, CARLE HEALTH - EAST REGION // CHIEF NURSING OFFICER

    Total calculated
    $738,826
    From this org
    $621,149
    From related orgs
    $0
    Other
    $117,677
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $589,214
    Bonus
    $2,500
    Other
    $29,435
    Deferred
    $82,863
    Nontaxable benefits
    $34,814
    Filer's total
    $738,826

  • John Wieland MD

    ASSOCIATE CHIEF MEDICAL OFFICER, BROMENN & EUREKA

    Total calculated
    $676,705
    From this org
    $619,107
    From related orgs
    $0
    Other
    $57,598
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $568,791
    Bonus
    $25,000
    Other
    $25,316
    Deferred
    $27,678
    Nontaxable benefits
    $29,920
    Filer's total
    $676,705

  • Charles Dennis MD

    FORMER OFFICER

    Total calculated
    $150,716
    From this org
    $0
    From related orgs
    $149,771
    Other
    $945
    Hours/week
    0 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,165 related
    Bonus
    $0
    Other
    $0 + $147,606 related
    Deferred
    $0 + $60 related
    Nontaxable benefits
    $0 + $885 related
    Filer's total
    $0 + $150,716 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE GOVERNING BOARD OF THE CARLE FOUNDATION, THROUGH ITS COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT MEMBERS FREE OF CONFLICT, ANNUALLY REVIEWS EXECUTIVE COMPENSATION LEVELS AND ESTABLISHES APPROPRIATE SALARY RANGES AND OTHER FEATURES OF THE COMPENSATION PLAN IN ACCORDANCE WITH THE ORGANIZATION'S APPROVED COMPENSATION PHILOSOPHY AND STRATEGY. -THE COMMITTEE IS COMPRISED OF MEMBERS OF THE GOVERNING BOARD WHO ARE INDEPENDENT OF THE CARLE FOUNDATION MANAGEMENT, HAVE NO PERSONAL INTEREST IN THE COMPENSATION ARRANGEMENTS, ARE NOT RELATED TO, OR UNDER THE CONTROL OF ANY INDIVIDUAL WHOSE COMPENSATION ARRANGEMENT IS BEING REVIEWED, AND HAVE NO MATERIAL BUSINESS RELATIONSHIP WITH THE CARLE FOUNDATION. -THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE IN RELATION TO APPROPRIATE COMPARABILITY DATA. COMPENSATION FOR OTHER MEMBERS OF THE EXECUTIVE STAFF IS DEVELOPED BY THE CEO, EVALUATED AGAINST MARKET DATA, AND REVIEWED AND APPROVED BY THE COMMITTEE. -THE COMMITTEE APPROVES ALL ANNUAL COMPENSATION DECISIONS IN ADVANCE OF THEIR IMPLEMENTATION AND DOCUMENTS ITS DETERMINATIONS AND DISCUSSIONS. -THE COMPENSATION COMMITTEE RELIES UPON A NUMBER OF EXTERNAL RESOURCES AND COMPARISONS, AND ITS ANALYSIS INCLUDES TOTAL COMPENSATION (CASH COMPENSATION PLUS BENEFITS PROVIDED BY THE CARLE FOUNDATION) IN RELATION TO ORGANIZATIONAL PERFORMANCE AND PREVAILING INDUSTRY PRACTICES FOR LIKE RESPONSIBILITIES AT COMPARABLY SIZED ORGANIZATIONS. THE COMMITTEE HAS ENGAGED THE SERVICES OF A COMPENSATION CONSULTING FIRM SPECIALIZING IN THE NOT-FOR-PROFIT SECTOR, WHICH HAS WORKED WITH THE CARLE FOUNDATION AND MAKES ITS REPORTS DIRECTLY AVAILABLE TO THE COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4a Severance or change-of-control payment
IN 2024 SEVERANCE PAYMENTS WERE PAID TO DAWN WALDEN ($245,707).
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE 2024 PARTICIPANTS IN THE 457(F) PLAN OFFERED BY THE CARLE FOUNDATION, THAT ARE LISTED IN THE 990 PART VII INCLUDE JAMES C. LEONARD, MD, LAURENCE FALLON, JD, DENNIS HESCH, NAPOLEON KNIGHT, MD, MBA, MATTHEW KOLB, JD, MHA, LAUREN SCHMID, MBA, URETZ OLIPHANT, MD, RYAN PORTER, MD, SCOTT HENDRIE, DAWN WALDEN, COLLEEN KANNADAY, ELIZABETH ANGELO, DNP, RN-BC, CALEB MILLER, AND CHARLES DENNIS, MD. THE 2024 PAYMENTS FROM THE 457(F) PLAN WERE MADE TO JAMES C. LEONARD, MD ($462,357), NAPOLEON KNIGHT, MD, MBA ($229,062), MATTHEW KOLB, JD, MHA ($269,019), LAUREN SCHMID, MBA ($137,552), SCOTT HENDRIE ($49,012), DAWN WALDEN ($237,310), CALEB MILLER ($74,056) AND CHARLES DENNIS, MD ($147,321)
Schedule J, Part I, Line 7 Non-fixed payments
PART OF THE CARLE HEALTH SYSTEM'S PAYMENT STRUCTURE INCLUDES NON-FIXED PAYMENTS, SPECIFICALLY THOSE THAT ARE INCENTIVE COMPONENTS WHICH ARE DESIGNED TO ENCOURAGE AND PROMOTE ACHIEVEMENT OF CERTAIN QUALITY, OPERATIONAL AND EFFICIENCY IMPROVEMENTS, AS WELL AS, ENCOURAGE LONGEVITY OF EMPLOYMENT. CERTAIN NON-FIXED PAYMENTS ARE BASED ON THE ORGANIZATION MEETING CERTAIN FINANCIAL PERFORMANCE AND QUALITY METRICS, AND MUST BE APPROVED BY THE BOARD OF DIRECTORS. OTHER NON-FIXED PAYMENTS ARE SET BASED ON LONGEVITY OF SERVICE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CARLE HEALTH DEVELOPMENT LLC

    TEMPORARY LAND HOLDING · IL · income $0 · assets $0

    Directly controlled by TCF

  • FIELDS SOUTH LLC

    PROPERTY & FACILITY MANAGEMENT · IL · income $2,848,636 · assets $25,431,198

    Directly controlled by TCF

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CENTRAL ILLINOIS ENDOSCOPY CENTER LLC

    N/A · Medical Services · IL

    Directly controlled by NA

  • CHAMPAIGN SURGICENTER LLC

    N/A · Surgical Center · IL

    Directly controlled by NA

  • MOUPH LLC

    N/A · Outpatient Orthopedic Services · IL

    Directly controlled by NA

  • RAVEN EVERGREEN CREDIT OFFSHORE FUND II LP

    Related · INVESTMENTS · 98.62% owned

    Directly controlled by NA

  • REHABILITATION THERAPY SERVICES LLC

    N/A · Rehabilitation Therapy · IL

    Directly controlled by NA

  • THE CENTER FOR ORTHOPEDIC MEDICINE LLC RECOVERY CARE CENTER

    Related · Outpatient Orthopedic Services · IL · 91.99% owned

    Directly controlled by TCF

  • THE CENTER FOR ORTHOPEDIC MEDICINE LLC SURGERY CENTER

    Related · Outpatient Orthopedic Services · IL · 70.16% owned

    Directly controlled by TCF

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BELCREST SERVICES LTD

    C Corporation · MEDICAL SERVICES · IL · controlled entity

    Directly controlled by NA

  • CARLE HEALTH JUNCTION MEDICAL LLC

    C Corporation · CARE COORDINATION · IL · controlled entity

    Directly controlled by NA

  • CARLE HEALTH PHYSICIAN PARTNERS INC

    C Corporation · PHYSICIAN SERVICES · IL · 100% owned · controlled entity

    Directly controlled by TCF

  • CARLE HOLDING COMPANY INC

    C Corporation · HOLDING CO. · IL · controlled entity

    Directly controlled by NA

  • CARLE RESEARCH PRODUCTS INC

    C Corporation · MEDICAL RESEARCH - INACTIVE · IL · controlled entity

    Directly controlled by NA

  • CARLE RISK MANAGEMENT COMPANY

    C Corporation · RISK MANAGEMENT · IL · controlled entity

    Directly controlled by NA

  • CARLE VENTURES INC

    C Corporation · HEALTH CARE PARTNERSHIPS · IL · 100% owned · share of assets $6,958,955 · controlled entity

    Directly controlled by TCF

  • CHA HOLDING INC

    C Corporation · HOLDING CO. · IL · 100% owned · share of income $7,896,575 · controlled entity

    Directly controlled by TCF

  • FIRSTCAROLINACARE INSURANCE COMPANY

    C Corporation · INSURANCE · IL · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE CONNECT INC

    C Corporation · HEALTH CARE COORDINATION · IL · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE MEDICAL PLANS INC

    C Corporation · HEALTH COVERAGE · IL · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE MIDWEST INC

    C Corporation · HEALTH COVERAGE · IL · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE NORTHWEST HEALTH PLAN

    C Corporation · HEALTH COVERAGE · WA · controlled entity

    Directly controlled by NA

  • HEALTH ALLIANCE NORTHWEST HOLDING

    C Corporation · HOLDING CO. · WA · controlled entity

    Directly controlled by NA

  • HEALTH PLUS INC

    C Corporation · CONTRACTING · IL · controlled entity

    Directly controlled by NA

  • HEALTH SYSTEMS INSURANCE LIMITED

    C Corporation · INSURANCE · CJ · 100% owned · share of assets $177,904,523 · controlled entity

    Directly controlled by TCF

  • METHODIST HEALTH VENTURES INC

    C Corporation · HOLDING CO. · IL · controlled entity

    Directly controlled by NA

  • OPTIMUM HEALTH SOLUTIONS INC

    C Corporation · CARE COORDINATION - INACTIVE · IL · controlled entity

    Directly controlled by NA

  • PEKIN PROHEALTH INC

    C Corporation · CLINICAL OPERATIONS · IL · controlled entity

    Directly controlled by NA

  • PROVIDER RESOURCE MANAGEMENT INC

    C Corporation · PHYSICIAN SERVICES · IL · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.1
Source object
202533199349302938

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