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Filing year 2024

Memorial Hospital Association

Carthage, Illinois·EIN 37-0684691·NTEE E22 · Health Care·3
Total revenue
$54.5M
Total assets
$49.5M
Total expenses
$54.3M
Reported officers
25
Mission

Memorial Hospital is committed to improving health by providing education and wellness programs and innovative services at all the stages of life.

Executive compensation, broken down

Form 990 · Schedule J · 8 reported individuals · Filing year 2024

Surgeon
highest compensated employee
$630k
$678k
Base
$568k
Bonus
$4k
Other
$1k
Benefits
$50k
Surgeon
highest compensated employee
$574k
$617k
Base
$519k
Bonus
Other
$1k
Benefits
$47k
Director
board member
$553k
$595k
Base
$507k
Bonus
$12k
Other
$2k
Benefits
$25k
Ob/gyn
highest compensated employee
$452k
$486k
Base
$404k
Bonus
Other
$774
Benefits
$41k
Pediatrician
highest compensated employee
$417k
$448k
Base
$358k
Bonus
Other
$1k
Benefits
$50k
Ob/gyn
highest compensated employee
$407k
$438k
Base
$359k
Bonus
Other
$774
Benefits
$41k
Base
$266k
Bonus
$20k
Other
$1k
Benefits
$26k
Base
$188k
Bonus
Other
$774
Benefits
$42k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Browse compensation in Health Care

Up 6%
from 2023

From $596k in 2023 to $630k in 2024.

$596k
2023
$630k
2024
In today's dollarsEst.
Up 3% in real terms$659k to $678k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Memorial Hospital Association reported revenue and expenses across 2 filing years.

RevenueExpenses
$50.5M
$48.1M
2023
$54.5M
$54.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Health Care executives earn in Illinois

Comparable health care organizations in Illinois pay their highest-earning executive a median of $216,490.

25th percentile
$70k
Median
$216,490
75th percentile
$434k
90th percentile
$773k

These are health care sector-wide figures, not this organization's reported pay. Based on 152 organizations across 152 filings (2022 – 2023).

See full Health Care pay data for Illinois
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