Charity Search / MEMORIAL HEALTH SYSTEM
Health Care (E21) IRS Verified DX Registered 990 on File

MEMORIAL HEALTH SYSTEM

EIN: 37-1110690 · SPRINGFIELD, IL 62781-0001 · United States · FY 2024 Data
3 out of 5 55 / 100 Based on 2+ years of filings
Financial strength (30%) 86/100
Reliability (20%) 50/100
Effectiveness (25%) 76/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$226.8M
Total Revenue
$225.6M
Total Expenses
$223.2M
Net Assets
10595
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 82.5%
Fundraising Efficiency N/A
Operating Reserve 11.87x
Liability-to-Asset 64.0%
Revenue Diversification 94.6%
Executive Compensation $7.4M
Compared with Peers
FY 2024
Compared with 938 similar organizations (United States, Health Care, $100M and over in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
82.5% 87.7%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
17.5% 12.3%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
11.9 mo 6.1 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
64.0% 44.5%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
94.6% 96.4%
P10P90
Above median
Revenue growth
Year over year revenue growth
38.9% 9.1%
P10P90
Expense growth
Year over year expense growth
28.6% 7.8%
P10P90
Surplus margin
Surplus as a share of revenue
0.5% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $226.8M $225.6M $223.2M 82.5% 10595
2023 $163.3M $175.5M $192.9M 75.2% 10734
2022 $112.8M $118.5M $173.4M 52.2% 11055
2021 $82.6M $100.2M N/A 8332
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Organization Details
EIN
37-1110690
State
IL
City
SPRINGFIELD
ZIP
62781-0001
Classification
E21
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Foundation Code
17
Form 990
On File
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