Riverside Medical Center
95% goes to programs $0 to raise $100 Strong reserves
Riverside Medical Center is a 501(c)(3) organization based in Kankakee, Illinois, registered in 1965, with $528,776,786 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
350 N Wall St, Kankakee, IL, 60901 EIN 36-2414944 Since 1965
Revenue (FY2024)
$528.8M
▲ 15.6% vs prior year
Health median: $840K
Expenses (FY2024)
$465.8M
Net assets
$593.7M
Employees
3,145
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% to programs · $0 to raise $100
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 Riverside Medical Center: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +12% 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 Riverside Medical Center: 15 mo reserves · +12% 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 Riverside Medical Center: 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 Riverside Medical Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To meet the health care needs of our community, by providing a comprehensive array of high value & quality services in a caring & effective manner.
What they do
Oncology - the riverside cancer institute provides care to patients originating from the 5 surrounding counties. cancer treatments based on the latest findings in cancer research are provided by board certified medical and radiation oncologists and nationally certified oncology nurses. services include highly individualized treatment plans for surgery, minimally invasive surgery, robotic surgery, chemotherapy, monoclonal antibody therapy, immunotherapy, high precision radiation therapy, blood transfusions, and pain management. teams of oncology physicians and staff meet to specifically tailor plans to the individuals and provide extensive education and support. there were over 18,802 surgical, chemotherapy and radiation procedures performed 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.
Neurosciences - the neurosciences services at riverside have received national awards for the clinical outcomes achieved. riverside's team of neurology experts are dedicated to the diagnosis, evaluation and treatment of disorders of the brain, spine and nerves. using the latest medical advances and technology, highly specialized surgeons develop personalized treatment plans for each patient, ranging from conservative care to highly complex noninvasive surgical techniques.
Contact & location
- Address
- 350 N Wall St, Kankakee, IL, 60901
- City
- Kankakee
- State
- Illinois
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $277.5M (FY2013) to $528.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $239.9MNet assets $593.7M
Operating margin
11.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$833.5M
Total liabilities
$239.9M
Net assets
$593.7M
Salaries & benefits
$235.1M
50% of expenses
Board members
13
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $528,776,786▲15.6% | $465,783,470▲9.5% | $593,656,174▲8.7% | $833,522,303▲9.5% | 990 |
| 2023 | $457,510,290▲13.2% | $425,410,720▲2.7% | $546,266,245▲11.7% | $761,541,453▲1.6% | 990 |
| 2022 | $404,264,598▼13.9% | $414,049,817▲4.2% | $488,961,381▼10.5% | $749,480,698▼9.5% | 990 |
| 2021 | $469,564,984▲15.8% | $397,237,867▲7.2% | $546,086,907▲9.6% | $828,303,809▲5.1% | 990 |
| 2020 | $405,401,988▲2.4% | $370,385,405▲1.1% | $498,052,536▲4.2% | $787,968,057▲15.8% | 990 |
| 2019 | $396,064,913▲6.8% | $366,365,097▲6.8% | $478,188,239▲12.2% | $680,719,551▲5.6% | 990 |
| 2018 | $370,768,253▲4.3% | $343,060,861▲6.4% | $426,284,988 | $644,486,885▼0.7% | 990 |
| 2017 | $355,556,936▲11.6% | $322,568,487▲9.4% | $426,404,172▲11.4% | $648,808,322▲8.1% | 990 |
| 2016 | $318,573,352▲2.3% | $294,868,894▲4.8% | $382,642,760▲8.5% | $600,329,134▲5.3% | 990 |
| 2015 | $311,512,349▲11.6% | $281,441,588▲10.3% | $352,610,530▲3.7% | $570,001,973▲0.9% | 990 |
| 2014 | $279,125,448▲0.6% | $255,126,228▲3.5% | $339,911,822▲6.9% | $565,007,885▲1.7% | 990 |
| 2013 | $277,462,597 | $246,434,155▲6.0% | $317,977,138▲14.2% | $555,793,371▲15.9% | 990 |
| 2012 | — | $232,509,923▲0.7% | $278,441,923▲12.8% | $479,602,305▲5.1% | 990 |
| 2011 | — | $230,889,122▼0.7% | $246,941,832▲6.3% | $456,180,533▲5.4% | 990 |
| 2010 | — | $232,426,987 | $232,253,866 | $432,864,344 | 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: Dr Vikas Patel — $1,572,605 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Vikas Patel | Physician | 40 | $1,572,605 |
| Dr Juan Jimenez | Physician | 40 | $1,491,792 |
| Phil Kambic | President/ceo | 40 | $1,422,347 |
| Dr Abhimanyu Beri | Physician | 40 | $1,340,611 |
| Dr Taruna Madhav Crawford | Physician | 40 | $1,291,127 |
| Dr Vijay Haryani | Physician | 40 | $1,284,637 |
| Patricia K Vilt | Treasurer/cfo | 40 | $579,632 |
| Saroja Yalamanchili | Director/physician | 40 | $572,553 |
| Kyle Benoit | Vp of Operations | 40 | $540,574 |
| Dr Stonewall Mccuiston | Director/physician | 40 | $515,189 |
| Dr Nadeem Ansari | Director/physician | 40 | $450,537 |
| Goldie Willbarger | Vp of Riverside Medical Group | 40 | $350,522 |
| Kathy O'grady | Vp Clinical Services | 40 | $324,317 |
| Rebecca Schilitz | Vp of Post Acute Care | 20 | $291,274 |
| Mary Kohl | Vp of Clinical Services | 40 | $251,580 |
| Paula Jacobi | Svp - General Counsel | 40 | $247,379 |
| Matthew R Mcburnie | Vp of Government Relations | 20 | $233,204 |
| Bill Douglas | Strategic Advisor To the President | 10 | $127,697 |
| Abner Garcia-delgado | Director (begin 4/24) | 1 | — |
| Amber Residori | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Novus Illinois Service Corporation | Medical Services | $7,036,794 |
| Performance Mechanical Contractors Inc | Construction Services | $3,181,683 |
| Morrison Healthcare | Dietary Services | $2,420,891 |
| Cardiothoracic & Vascular Surgical Association | Physician Services | $2,000,000 |
| Power Wellness Mgmt LLC | Mgmt Services | $1,951,966 |
Grants received · $88K total
4 grants to Riverside Medical Center totaling $88K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Aortic stenosis initiative | 2024 | $19,400 |
| American Heart Association Inc | Atrial fibrillation program | 2023 | $41,700 |
| American Cancer Society Inc | Patient support | 2023 | $9,000 |
| American Heart Association Inc | Atrial fibrillation initiative | 2022 | $18,200 |
Grants made · $111K in FY2024
6 grants totaling $111K in FY2024. All grants made by Riverside Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Olivet Nazarene University | Sponsorship | $32,000 |
| Bishop Mcnamara Hs | Sponsorship | $30,000 |
| Kankakee Riverfront Society Inc | Sponsorship | $25,000 |
| American Cancer Society Inc | Sponsorship | $10,000 |
| Kankakee Chamber of Commerce Inc | Sponsorship | $8,475 |
| Kankakee County Health Dept | Sponsorship | $5,500 |
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Frequently asked questions
- Is Riverside Medical Center a legitimate nonprofit?
- Yes. Riverside Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2414944, based in Kankakee, Illinois. Donations are tax-deductible.
- What is Riverside Medical Center's EIN?
- Riverside Medical Center's Employer Identification Number (EIN) is 36-2414944.
- How much revenue does Riverside Medical Center report?
- Riverside Medical Center reported $528,776,786 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Riverside Medical Center's spending goes to programs?
- Riverside Medical Center spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Riverside Medical Center have?
- CharityIndex grades Riverside Medical Center A+, based on program efficiency and fundraising cost.
- How much does Riverside Medical Center's highest-paid employee make?
- The highest reported compensation on Riverside Medical Center's latest Form 990 is $1,572,605, paid to Dr Vikas Patel (Physician).
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Data for Riverside Medical Center (EIN 36-2414944) 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.