Beloit Health System Inc
84% goes to programs Strong reserves
Beloit Health System Inc is a 501(c)(3) organization based in Beloit, Wisconsin, registered in 1965, with $297,175,863 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
1969 W Hart Rd, Beloit, WI, 53511 EIN 39-1028081 Since 1965
Revenue (FY2024)
$297.2M
▲ 7.2% vs prior year
Health median: $840K
Expenses (FY2024)
$293.3M
Net assets
$184.3M
Employees
1,937
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Beloit Health System Inc: 84% to programs earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Beloit Health System Inc: 8 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Beloit Health System Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Beloit Health System Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The mission of beloit health system, inc. is to be the leader in regional health and wellness services that delivers high quality value and satisfaction to our patients and communities we serve.
What they do
Outpatient revenue: total hospital and northpointe outpatient procedures for 2024 were just over 919,000 compared to just over 838,000 in 2023. total physician clinic encounters were just over 217,000, an increase from 208,000 in 2023 due to active physician recruitment and increases in physician rvu's year over year.
Contact & location
- Address
- 1969 W Hart Rd, Beloit, WI, 53511
- City
- Beloit
- State
- Wisconsin
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $198.0M (FY2013) to $297.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $106.7MNet assets $184.3M
Operating margin
1.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$290.9M
Total liabilities
$106.7M
Net assets
$184.3M
Salaries & benefits
$157.8M
54% of expenses
Board members
11
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $297,175,863▲7.2% | $293,286,088▲7.4% | $184,262,256▲6.2% | $290,930,011▲4.0% | 990 |
| 2023 | $277,167,593▲6.4% | $273,155,219▲6.3% | $173,441,507▲4.8% | $279,624,208▲0.6% | 990 |
| 2022 | $260,441,723▼3.4% | $257,059,268▲0.6% | $165,517,487▼4.8% | $278,045,148▼12.5% | 990 |
| 2021 | $269,649,311▲7.5% | $255,483,238▲5.8% | $173,877,819▲14.2% | $317,607,452▼1.0% | 990 |
| 2020 | $250,754,323▼4.3% | $241,545,262▼3.9% | $152,323,673▲5.2% | $320,854,728▲13.0% | 990 |
| 2019 | $261,988,930▲4.6% | $251,289,175▲4.4% | $144,839,029▲4.6% | $283,884,599▲1.9% | 990 |
| 2018 | $250,371,769▲1.4% | $240,757,231▲1.9% | $138,532,951▲0.1% | $278,513,389▼1.1% | 990 |
| 2017 | $246,953,000▲4.3% | $236,336,934▲4.4% | $138,406,176▲11.7% | $281,523,336▲4.3% | 990 |
| 2016 | $236,767,655▲7.9% | $226,410,249▲7.0% | $123,901,360▲13.1% | $269,928,598▲13.3% | 990 |
| 2015 | $219,456,539▲3.9% | $211,519,672▲4.7% | $109,512,161▼2.4% | $238,245,575▲1.8% | 990 |
| 2014 | $211,280,611▲6.7% | $202,016,744▲5.9% | $112,235,420▼3.7% | $233,940,102▲0.8% | 990 |
| 2013 | $198,004,630 | $190,735,578▲2.7% | $116,550,238▲27.6% | $232,164,103▲8.8% | 990 |
| 2012 | — | $185,707,450▲3.5% | $91,318,032▲20.0% | $213,304,066▲4.8% | 990 |
| 2011 | — | $179,359,205▲2.3% | $76,129,581▼2.0% | $203,439,891▲6.2% | 990 |
| 2010 | — | $175,271,241 | $77,681,359 | $191,593,671 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Timothy M Mckevett — $1,161,259 (0.40% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy M Mckevett | Non Voting Board Member & System President & Ceo | 40 | $1,161,259 |
| Roger Kapoor Md | Vp of Physician Clinics/medical Affairs/physician | 40 | $1,113,269 |
| Leo Egbujiobi Md | Board Member & Physician | 40 | $1,110,582 |
| Paul Segal Md | Physician | 40 | $944,950 |
| Kevin Tomera Md | Physician | 40 | $928,052 |
| Charles Laham Md | Physician | 40 | $901,123 |
| Bin Jatta Md | Physician | 40 | $874,723 |
| Zachary Zimmerman Md | Physician | 40 | $864,702 |
| Tsu-hon Wang Md | Board Secretary & Physician | 40 | $815,254 |
| Jamie Frantz Md | Board Member & Physician | 40 | $812,735 |
| James Bird | Vp of Financial Services | 40 | $444,264 |
| Robert Lisek Md | Board Member & Physician | 40 | $433,481 |
| Kenneth Klein Md | Board Member & Physician | 40 | $429,887 |
| Thomas Mccawley | Vp of Human Relations | 40 | $330,091 |
| Sharon Cox | Vp of Nursing Services | 40 | $311,238 |
| Nommo Donald | Vice President | 40 | $282,840 |
| Bonnie Wetter | Board Chair | 0 | — |
| James Packard | Board Member | 0 | — |
| John Wong | Board Vice Chair | 0 | — |
| Kathy Hendricks | Board Member | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Daily Care LLC | Hospitalist Physicians | $1,101,103 |
| Hilton M Hudson PC | Cardiothoracic Surgeon | $870,000 |
| Joseph Kittah Md | Pulmonology | $835,250 |
| Southern Wi Emergency Association | Trauma Physicians | $700,190 |
| Tabassum Nafsi Md | Pulmonology | $367,250 |
Grants received · $166K total
7 grants to Beloit Health System Inc totaling $166K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Health, general | 2024 | $34,500 |
| Bradley Impact Fund Inc | General charitable purposes | 2022 | $5,500 |
| American Endowment Foundation | Health, general | 2021 | $51,000 |
| Bradley Impact Fund Inc | General charitable purposes | 2021 | $5,500 |
| American Endowment Foundation | Programs | 2020 | $51,000 |
| American Endowment Foundation | Programs | 2019 | $12,600 |
| American Endowment Foundation | Programs | 2018 | $6,000 |
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Compare Beloit Health System Inc
Frequently asked questions
- Is Beloit Health System Inc a legitimate nonprofit?
- Yes. Beloit Health System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 39-1028081, based in Beloit, Wisconsin. Donations are tax-deductible.
- What is Beloit Health System Inc's EIN?
- Beloit Health System Inc's Employer Identification Number (EIN) is 39-1028081.
- How much revenue does Beloit Health System Inc report?
- Beloit Health System Inc reported $297,175,863 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Beloit Health System Inc's spending goes to programs?
- Beloit Health System Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Beloit Health System Inc have?
- CharityIndex grades Beloit Health System Inc A, based on program efficiency and fundraising cost.
- How much does Beloit Health System Inc's highest-paid employee make?
- The highest reported compensation on Beloit Health System Inc's latest Form 990 is $1,161,259, paid to Timothy M Mckevett (Non Voting Board Member & System President & Ceo).
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Data for Beloit Health System Inc (EIN 39-1028081) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.