Beloit Health System INC

Tax-deductible

Beloit, WI501(c)(3)Since 1965HospitalsEIN 39-1028081Revenue $314.0M in FY2025

On file with the IRSbeloithealthsystem.org1969 W Hart Rd, 53511-2230 · Beloit, WITax-exempt since Jun 1965Hospital or medical research org — 170(b)(1)(A)(iii)

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Beloit Health System provides quality medical health care regardless of race, creed, sex, national origin, disability, age or ability to pay. During 2025, the System's Hospital served over 4,500 inpatients including newborns and provided more than 821,000 outpatient services, the NorthPointe facility provided more than 95,000 outpatient services and the Clinics provided more than 221,000 encounters. The Health System is equipped to serve the greater Beloit areas entire spectrum of health needs and strives to continue the long-standing tradition of providing excellent general acute care and to better serve the greater Beloit area.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$11.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $6.9M a year · 2% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11.7M
to officers and key staff · 4% of spending
Top officer’s pay higher than 67% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$114.1M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 11 voting members
Looks good: 7 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$314.0M
+6% vs prior year
Spent
$307.0M
To programs
85%
Net assets
$196.8M
By yearFY2020–FY2025
Revenue
$314.0M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$250.8M
FY2021$269.6M
FY2022$260.4M
FY2023$277.2M
FY2024$297.2M
FY2025$314.0M
Expenses
$307.0M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$241.5M
FY2021$255.5M
FY2022$257.1M
FY2023$273.2M
FY2024$293.3M
FY2025$307.0M
Net assets
$196.8M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$152.3M
FY2021$173.9M
FY2022$165.5M
FY2023$173.4M
FY2024$184.3M
FY2025$196.8M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $259.9M Management & general 15% · $47.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $11.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
$1,360,058Pt VII · Sec A
Non Voting Board Member & System President & CEO
$1,329,221Pt VII · Sec A
$1,135,304Pt VII · Sec A
$1,060,708Pt VII · Sec A
VP of Physician Clinics/Medical Affairs/Physician
$1,044,247Pt VII · Sec A
$941,516Pt VII · Sec A
Physician
$923,649Pt VII · Sec A
Board Member & Physician
$839,940Pt VII · Sec A

Edward Nabrinsky’s $1.4M as Physician is at the 67th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Timothy M McKevett$1,329,221$1,161,259$1,355,693$1,618,088$1,112,435$944,077
Edward Nabrinsky$1,360,058—————
Roger Kapoor MD$1,044,247$1,113,269$1,298,687$939,883$813,765$795,903
Leo Egbujiobi MD$1,135,304$1,110,582$1,157,463$986,019$1,081,396$857,954
Kevin Tomera MD$1,060,708$928,052$871,968———
Glenn Tan MD——$1,004,409$1,015,490$1,054,724$876,087
Vijaya Somaraju MD————$998,123—
Haroon Chughtai MD————$989,845$716,550

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Beloit Health System INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves regional health and wellness through high-quality services and patient satisfaction.

Provided by the organization

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2 programs · $259.9M · in their own filed words · FY2025
01

Outpatient Revenue

Total Hospital and NorthPointe outpatient procedures for 2025 were just over 916,000 compared to just over 919,000 in 2024. Total Physician Clinic encounters were just over 221,000, an increase from 217,000 in 2024 due to active physician recruitment.

$203.9Mprogram expense
02

Inpatient Revenue

Total adult admissions of 4,177 with an average daily census of 50 and an average length of stay of 4.4 days. This is in comparison to 2024 where admissions were 4,336 with an average daily census of 55 and an average length of stay of 4.6 days. Total patient days were 18,270 compared to 20,006 in 2024.

$55.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$314.0M
Ln 12
Fees for servicesLn 2g$297.8M
Investment incomeLn 3$11.3M
Other incomeLn 4–11$4.9M
Money outPt IX
$307.0M
Ln 25
Programscol B$259.9M
Managementcol C$47.1M
Owns and owesPt X
$196.8M
net assets · Ln 32
Cash and savingsLn 1–2$21.8M
Total assetsLn 16$310.9M
LiabilitiesLn 26$114.1M
PeoplePt VI, VII
22
listed · VII A
PaidVII A15
Voting boardVI 1a11
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$297.8M
Investment incomeLn 3$11.3M
Other incomeLn 4–11$4.9M
Gains on assetsLn 7$5.1M
Total revenueLn 12$314.0M
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$21.8M
Cash and savings togetherLn 1–2$21.8M
InvestmentsLn 11–13$66.5M
Land, buildings, equipmentLn 10c$127.1M
Other assetsLn 15$13.5M
Total assetsLn 16$310.9M
LiabilitiesLn 26$114.1M
Net assetsLn 32$196.8M
OperationsPt I, VI
EmployeesI 51,886
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$26.2M$21.8M
InvestmentsLn 11–13$73.0M$66.5M
Land, buildings, equipmentLn 10c$120.7M$127.1M
Total assetsLn 16$290.9M$310.9M
LiabilitiesLn 26$106.7M$114.1M
Net assetsLn 32$184.3M$196.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$6.3M$3.0M$3.3M$0
Other salaries and wagesLn 7$117.3M$99.0M$18.3M$0
Pension plan contributionsLn 8$2.9M$2.4M$498K$0
Other employee benefitsLn 9$26.2M$21.6M$4.7M$0
Payroll taxesLn 10$7.8M$6.4M$1.4M$0
Legal feesLn 11b$509K$5K$504K$0
Accounting feesLn 11c$116K$0$116K$0
Other fees for servicesLn 11g$20.9M$20.1M$778K$0
Advertising and promotionLn 12$1.9M$347K$1.6M$0
Office expensesLn 13$67.0M$63.6M$3.4M$0
Information technologyLn 14$8.3M$6.8M$1.4M$0
OccupancyLn 16$7.7M$5.6M$2.1M$0
TravelLn 17$176K$150K$25K$0
Conferences, conventions and meetingsLn 19$6K$2K$5K$0
InterestLn 20$3.5M$2.6M$937K$0
Depreciation, depletion and amortizationLn 22$9.5M$8.3M$1.2M$0
InsuranceLn 23$2.0M$1.6M$368K$0
Other expenses (24a–d)Ln 24$24.6M$18.4M$6.2M$0
All other expensesLn 24e$282K$36K$247K$0
Total functional expensesLn 25$307.0M$259.9M$47.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $314.0M$307.0M$7.0M$196.8M 990 PDF
FY2024 $297.2M$293.3M$3.9M$184.3M 990 PDF
FY2023 $277.2M$273.2M$4.0M$173.4M 990 PDF
FY2022 $260.4M$257.1M$3.4M$165.5M 990 PDF
FY2021 $269.6M$255.5M$14.2M$173.9M 990 PDF
FY2020 $250.8M$241.5M$9.2M$152.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $314,003,440 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $288,753,391$297,794,199
I-10 Investment incomePrior year $3,628,050$11,308,708
I-11 Other revenuePrior year $4,794,422$4,900,533
I-12 Total revenuePrior year $297,175,863$314,003,440
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $157,768,656$160,441,073
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $135,517,432$146,545,087
I-18 Total expensesPrior year $293,286,088$306,986,160
I-19 Revenue less expensesPrior year $3,889,775$7,017,280
Part VI · Governance 7 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $314,003,440 across 8 lines filed
Lines not itemized here account for $794,470 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $297,794,199 · Unrelated business $0 · Excluded from tax $0$297,794,199
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,223,696$6,223,696
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $551,602$551,602
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,085,012$5,085,012
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $3,554,461$3,554,461
VIII-12 Total revenueRelated to mission $297,794,199 · Unrelated business $0 · Excluded from tax $16,209,241$314,003,440
Part IX · Statement of functional expenses $306,986,160 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,968,169 · Management $3,316,693 · Fundraising $0$6,284,862
IX-7 Other salaries and wagesPrograms $98,996,685 · Management $18,260,700 · Fundraising $0$117,257,385
IX-8 Pension plan contributionsPrograms $2,352,456 · Management $497,817 · Fundraising $0$2,850,273
IX-9 Other employee benefitsPrograms $21,578,061 · Management $4,665,954 · Fundraising $0$26,244,015
IX-10 Payroll taxesPrograms $6,441,429 · Management $1,363,109 · Fundraising $0$7,804,538
IX-11b Legal feesPrograms $5,270 · Management $503,878 · Fundraising $0$509,148
IX-11c Accounting feesPrograms $0 · Management $116,338 · Fundraising $0$116,338
IX-11g Other fees for servicesPrograms $20,118,926 · Management $778,331 · Fundraising $0$20,897,257
IX-12 Advertising and promotionPrograms $346,957 · Management $1,574,922 · Fundraising $0$1,921,879
IX-13 Office expensesPrograms $63,594,851 · Management $3,437,784 · Fundraising $0$67,032,635
IX-14 Information technologyPrograms $6,840,433 · Management $1,447,545 · Fundraising $0$8,287,978
IX-16 OccupancyPrograms $5,566,042 · Management $2,147,328 · Fundraising $0$7,713,370
IX-17 TravelPrograms $150,431 · Management $25,383 · Fundraising $0$175,814
IX-19 Conferences, conventions and meetingsPrograms $1,579 · Management $4,845 · Fundraising $0$6,424
IX-20 InterestPrograms $2,585,420 · Management $936,950 · Fundraising $0$3,522,370
IX-22 Depreciation, depletion and amortizationPrograms $8,277,539 · Management $1,238,115 · Fundraising $0$9,515,654
IX-23 InsurancePrograms $1,630,499 · Management $368,264 · Fundraising $0$1,998,763
IX-24 Other expenses (24a–d)Programs $18,382,838 · Management $6,182,335 · Fundraising $0$24,565,173
IX-24e All other expensesPrograms $35,638 · Management $246,646 · Fundraising $0$282,284
IX-25 Total functional expensesPrograms $259,873,223 · Management $47,112,937 · Fundraising $0$306,986,160
Part X · Balance sheet $310,860,628 assets, 19 lines filed
Asset lines not itemized here account for $5,669,919; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $8,093$7,108
X-2 Savings and temporary cash investmentsStart of year $26,203,507$21,806,841
X-4 Accounts receivableStart of year $46,603,757$62,309,000
X-8 Inventories for sale or useStart of year $7,597,378$8,509,376
X-9 Prepaid expenses and deferred chargesStart of year $1,934,168$2,078,627
X-10c Land, buildings and equipment, netStart of year $120,685,150$127,141,349
X-11 Publicly traded securitiesStart of year $72,994,915$66,493,841
X-14 Intangible assetsStart of year $3,300,000$3,300,000
X-15 Other assetsStart of year $9,109,787$13,544,567
X-16 Total assetsStart of year $290,930,011$310,860,628
X-17 Accounts payable and accrued expensesStart of year $34,069,892$41,277,728
X-19 Deferred revenueStart of year $8,021,703$9,073,293
X-20 Tax-exempt bond liabilitiesStart of year $62,682,698$61,771,981
X-25 Other liabilitiesStart of year $1,871,913$1,930,424
X-26 Total liabilitiesStart of year $106,667,755$114,053,426
X-27 Net assets without donor restrictionsStart of year $184,262,256$196,807,202
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $184,262,256$196,807,202
X-33 Total liabilities and net assetsStart of year $290,930,011$310,860,628
Part XI · Reconciliation of net assets $196,807,202 net assets at year end
XI-1 Total revenue$314,003,440
XI-2 Total expenses$306,986,160
XI-3 Revenue less expenses$7,017,280
XI-4 Net assets at start of year$184,262,256
XI-5 Net unrealized gains (losses) on investments$4,234,889
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$1,292,777
XI-10 Net assets at end of year$196,807,202

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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