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Illinois · Nonprofit

MEMORIAL HEALTH SYSTEM

MEMORIAL HEALTH SYSTEM (Illinois) receives grants from 2 organizations whose IRS filings report $77,760 to it, the largest being THE COMMUNITY FOUNDATION OF MACON COUNTY ($40,260). 2 of them have funded it in more than one year, and 52% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$212M
Funders on record
2
Grants received
$78k
Net assets
$281M
2/2 repeat funderspeak grant-dependency 0%
01What it does

What Memorial Health System does

Mission

To improve lives and build stronger communities through better health.

As stated on its FY2025 Form 990.

Programs

  1. Information technology epic electronic health record implementation in november 2024, memorial health's board of directors approved the implementation of epic as the organization's electronic health record (ehr) of choice, with siu participating as a community connect partner. Following this decision, memorial health information services leadership recruited, hired, and onboarded 2 system directors, 10 managers, and 94 colleagues between january and july 2025 to build, support, and sustain the new epic environment. From july through october 2025, these colleagues completed epic certification programs, with the majority achieving certification prior to project kickoff. On october 28, 2025, memorial health officially launched its 18-month epic implementation in partnership with optimum healthcare it and epic systems, beginning one of the largest transformational initiatives in the organization's history to establish a unified ehr across memorial health and its partners while advancing patient care, operational excellence, and long-term innovation. The go-live is targeted for february 27, 2027. Enterprise resource planning (erp) transformation memorial health successfully completed…

    $43,138,724 spent$1,549,670 earned by the program
    29% of program spending
  2. Building and facility expansion and improvements memorial health's mission is to improve lives and build stronger communities through better health. Safe, functional facilities are the foundation of the healthcare services we provide. Clinical projects that began in fy 2025: dmh linear accelerator room 219 - replacement of truebeam linac vault 219 at the cancer center involves equipment replacement, finish upgrades, power conditioner moves, chiller replacement and nelco repairs to the vault door. Dmh plaza west renovations for siu -with 2/3 of the building vacant and siu wanting more space and a presence at dmh, dmh will move out the remaining neuro and gastro groups, leaving behind only the endo suite, letting siu lease the rest of the three-story building for internal medicine, ob/fms, pediatrics, and surgery groups. Smh ed ct replacement - replacement of ed ct and bringing finishes up to date. This will involve physicists' tests, a removal of a wall to bring the equipment in, and some phasing within the corridors surrounding the space. This also includes some work in the control room including setting a ups. Smh baylis alpha ct replacement - replacement of alpha ct in the…

    $10,241,754 spent$8,508,743 earned by the program
    7% of program spending
  3. Senior leadership guided by the values of memorial health, executive leadership is responsible for strategic planning, prioritizing among competing issues and engaging in dialogue and decision-making that will enable memorial health to achieve its mission (to improve lives and build stronger communities through better health), its vision (life at its best), realize its' strategic goals, and execute its' strategic priorities to better serve central illinois and confront the many challenges facing the healthcare industry. All the work is guided by a core value, to put people first, and guiding set of values including serve with kindness, do the right thing, work together, rethink what's possible, and exceed expectations. These values are core ethical principles that guide how every colleague, leader, and physician in the organization should treat patients and manage resources. They shape organizational culture, dictate daily medical decisions, and ensure high standards of care. Memorial engaged an industry leading strategic consultant, kaufman hall, to support them in the effort of developing a new strategic plan, known as future in focus. Memorial health believes the next decade of…

    $6,123,748 spent$60,884,697 earned by the program
    4% of program spending
  4. Other program services through memorial health partners (mhp), memorial health has entered into risk-based contracts to provide in-network medical services via springfield memorial hospital (smh). Under these arrangements, mhp receives capitation payments based on the demographic characteristics of covered members in exchange for providing certain medical services to those members. During fy2024, mhp had more than 10,500 member lives covered in its network and recognized both capitation revenues for that coverage as well as purchased medical service expenses paid to members' providers, including smh.

    $89,245,172 spentof which $43,876 as grants$100,996,806 earned by the program
    60% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $148,749,398.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($71M) Expenses 100 ($72M) Net assets 100 ($118M)2018 Revenue 106 ($75M) Expenses 98 ($71M) Net assets 105 ($124M)2019 Revenue 110 ($78M) Expenses 114 ($82M) Net assets 106 ($125M)2020 Revenue 152 ($108M) Expenses 124 ($90M) Net assets 109 ($129M)2021 Revenue 117 ($83M) Expenses 139 ($100M) Net assets 157 ($185M)2022 Revenue 159 ($113M) Expenses 164 ($119M) Net assets 147 ($173M)2023 Revenue 231 ($163M) Expenses 243 ($175M) Net assets 164 ($193M)2024 Revenue 321 ($227M) Expenses 312 ($226M) Net assets 189 ($223M)2025 Revenue 300 ($212M) Expenses 280 ($202M) Net assets 238 ($281M)
'17'18'19'20'21'22'23'24'25
Revenue (300)Expenses (280)Net assets (238)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $515M to $581M (+13%).

$579M
$530M
$491M
$515M
$581M
$557M
$579M
$620M
$674M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of MEMORIAL HEALTH SYSTEM’s revenue is contributions — about as donation-reliant as the typical peer (1% for the typical peer).

This organization
Typical peer · 2,211 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

−$1.5M
’17
$4.2M
’18
−$4.3M
’19
$18M
’20
−$18M
’21
−$5.7M
’22
−$12M
’23
$1.1M
’24
$10M
’25
1.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Michael Aiello

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed323230403737373741
Joined·+3+3+11+5+4+4+3+8
No longer listed·35184434
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income fell $15k → $8k.

Funder
'17
'18
'21
'23
'24*
'25*
total
funders
1
1
1
1
1
1

1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 52% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $799k from one payer (the payer shares this organization's board, largest Memorial Health System Group). These are real filings, and they are not money MEMORIAL HEALTH SYSTEM raised.

From the IRS filings of MEMORIAL HEALTH SYSTEM’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MEMORIAL HEALTH SYSTEM leans on a few funders — its largest provides 52% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MEMORIAL HEALTH SYSTEM.

52%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2021 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

52% of MEMORIAL HEALTH SYSTEM's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $38k that is directly attributable, 100% of it comes from funders outside Illinois, across 1 state.

GA

In-state vs out-of-state, by year

’21
’23
Illinois out of state home

Funder states come from each funder’s own filing. $40k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

MEMORIAL HEALTH SYSTEM has grown faster than three-quarters of the 1,241 health nonprofits its size.

Operating margin5% · above the median
Months of reserve1.4mo · above the median
Revenue growth (annualized)15% · top quartile

this organization peer median middle 50% of peers· 1,241 health nonprofits over $100M, FY2025

Organizations like MEMORIAL HEALTH SYSTEM

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

74% of spending goes to programs.

Program 74%Management 26%Fundraising 0%

Governance

19
board members
89%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

IL

Part of a family of 18 related entities

  • Memorial Health Partners LLC · disregarded
  • Springfield Memorial Hospital · exempt
  • Lincoln Memorial Hospital · exempt
  • Taylorville Memorial Hospital · exempt
  • Jacksonville Memorial Hospital · exempt

Screen this organization

A dated, signed PDF of the compliance screen for MEMORIAL HEALTH SYSTEM: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MEMORIAL HEALTH SYSTEM?
MEMORIAL HEALTH SYSTEM (Illinois) receives grants from 2 organizations whose IRS filings report $77,760 to it, the largest being THE COMMUNITY FOUNDATION OF MACON COUNTY ($40,260). 2 of them have funded it in more than one year, and 52% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does MEMORIAL HEALTH SYSTEM have?
IRS filings report 2 organizations giving $77,760 in grants to MEMORIAL HEALTH SYSTEM, 2 of which have funded it in more than one year.
Who is the largest funder of MEMORIAL HEALTH SYSTEM?
THE COMMUNITY FOUNDATION OF MACON COUNTY is the largest funder on record, with $40,260 in grants. The full list of funders is on this page.
How can an organization like MEMORIAL HEALTH SYSTEM find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing