Hillsboro Area Hospital Inc
To positively affect the health and welfare of the communities we serve through the operation of a hospital (inpatient, swing bed and outpatient) and an assisted living facility.
Hillsboro Area Hospital Inc at a glance
- Total assets
- $74,311,724
- +17.8% vs 2024
- Revenue (2025)
- $58,473,202
- +39.9% vs 2024
- Net investment income (2025)
- $2,214,137
- +19.9% vs 2024
- Expenses (2025)
- $47,700,549
- +31.2% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Hillsboro Area Hospital Inc funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Hillsboro Area Hospital Inc gives
- Giving held roughly steady from 2020 to 2023 (+19%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $8K (2024) to $147K (2021). In 2024 it reported $8K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Siu School of Medicine Dept of Population Science and Policy Springfield, IL | Assistance with community research projects re. Child brain development, lung cancer and youth assessment. | $95,625 |
| Hillsboro Community School District Hillsboro, IL | Assistance with consulting fees for school's commitment to a culture of excellence. | $31,080 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $74,311,724 | $58,473,202 | $47,700,549 | — | — | $2,214,137 |
| 2024 | $63,095,164 | $41,785,078 | $36,347,315 | $7,520 | Total only | $1,846,737 |
| 2023 | $56,090,682 | $34,924,187 | $33,260,651 | $126,705 | 2 | $890,956 |
| 2022 | $57,293,181 | $35,050,483 | $31,170,413 | $121,189 | 2 | $425,645 |
| 2021 | $55,765,297 | $35,034,595 | $29,505,523 | $146,671 | 3 | $346,169 |
| 2020 | $53,665,107 | $31,431,186 | $25,468,887 | $106,859 | 2 | $704,480 |
| 2019 | $41,262,184 | $26,485,917 | $23,937,673 | — | — | $687,451 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Hillsboro Area Hospital Inc
Based on IRS filings
Hillsboro Area Hospital Inc is a public charity focused on Health, based in Hillsboro, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $74.3M in total assets. Net investment income was $2.2M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Hillsboro Area Hospital Inc is led by Mike Alexander, President & CEO on every filing since 2023; 7 of 19 officers listed in 2025 are compensated.
Officers on the 2025 filing
Mike Alexander
President & CEO
On filings since 2023
40 hrs/week
No compensation reported
Earl Flack
Chairman
Director → Treasurer, 2020
Treasurer → Chairman, 2022
On filings since 2019
1 hr/week
No compensation reported
Abby Bugg
Director of Therapy Services
Teamwork Rehab Director → Director of Therapy Services, 2025
On filings since 2019
40 hrs/week
$110K (2019) → $137K (2025)
Ben Cady
Director
On filings since 2019
1 hr/week
No compensation reported
Jordan Ruppert
Director
On filings since 2019
1 hr/week
No compensation reported
David Hough
Director
On filings since 2020
1 hr/week
No compensation reported
Nathan Kirby
Director
On filings since 2021
1 hr/week
No compensation reported
James Hertel
Director
On filings since 2022
1 hr/week
No compensation reported
Joseph Blaser
Director
On filings since 2023
1 hr/week
No compensation reported
Mary Herschelman
Director
On filings since 2023
1 hr/week
No compensation reported
Terri Carroll
Former CFO
Vice President of Financial Services → Chief Financial Officer, 2023
Chief Financial Officer → Former CFO, 2025
On filings since 2019
40 hrs/week
$172K (2019) → $242K (2025)
Suzanne Tatham
House Supervisor
Inf Prev & Org Development Manager → House Supervisor, 2025
On filings since 2022
40 hrs/week
$126K (2022) → $173K (2025)
Alex Nazarian
Chief Financial Officer
On filings since 2024
40 hrs/week
$33K (2024) → $143K (2025)
Ashley Smith
Vice President Quality & Support Services
New on the 2025 filing
40 hrs/week
$141K (2025)
Kathleen Duncan
Vice President Human Resources
New on the 2025 filing
40 hrs/week
$127K (2025)
Tommi Cline
Cno
New on the 2025 filing
40 hrs/week
$147K (2025)
Julie Jenkins
Secretary
On filings since 2019
1 hr/week
No compensation reported
Lisa White
Vice Chair
Director → Vice Chair, 2020
On filings since 2019
1 hr/week
No compensation reported
Misty Borrowman
Treasurer
Director → Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Former officers (15)
- Former: Theresa Rapp (2019–2024) — Director of Surgical Servi
- Former: Andrew Ott (2020–2024) — Podiatrist
- Former: Barbara Smith (2023–2024) — Nurse Coordinator
- Former: Marta Edwards (2024) — Registered Nurse
- Former: Doug Byers (2019–2023) — Director
- Former: Elvis Harrison (2019–2023) — Vice President of Patient Care Services
- Former: Rex Brown (2019–2023) — President & CEO
- Former: Lindsay Wagahoff (2019–2022) — Chairman
- Former: Brad Young (2020–2022) — Director
- Former: Greg Holcomb (2019–2021) — Director
- Former: Brian Knodle (2019–2020) — Director
- Former: Patricia Clark (2019–2020) — Treasurer
- Former: Angela Legendre (2020) — Occupational Therapist
- Former: Dave Imler (2019) — Chairman
- Former: Michelle Ondrey (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $242K, to Terri Carroll (Former CFO (FEB '24)). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Hillsboro Area Hospital Inc
How large is Hillsboro Area Hospital Inc?
Hillsboro Area Hospital Inc reported $74.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $58.5M.
What is Hillsboro Area Hospital Inc?
Hillsboro Area Hospital Inc is a public charity focused on Health, based in Hillsboro, IL. It holds $74.3M in total assets as of 2025.
Where does Hillsboro Area Hospital Inc operate?
Hillsboro Area Hospital Inc has awarded grants in Illinois.
What is Hillsboro Area Hospital Inc's EIN?
Hillsboro Area Hospital Inc's EIN (Employer Identification Number) is 37-0661208. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS February 9, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 7, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS January 30, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 22, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Hillsboro Area Hospital Inc's focus areas in our free grants database
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Hillsboro Area Hospital Inc down — hundreds of funders to go?