Blessing Corporate Services Inc
- Assets
- $24.9m
- Revenue
- $58.6m
- Investments
- $14.2m
- Employees
- 621
- Location
- Quincy, IL
- Founding
- 12/1982
- Data as of
- 09/2023
- EIN
- 37-1128706
Organization Overview
Blessing Corporate Services Inc is located in Quincy, IL. The organization was established in 1982. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2023, Blessing Corporate Services Inc employed 621 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blessing Corporate Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Blessing Corporate Services Inc generated $58.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $64.6m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Blessing Corporate Services Inc has awarded 24 individual grants totaling $1,044,240. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF BLESSING CORPORATE SERVICES, INC. IS TO DEVELOP EXPANDED HEALTH CARE SERVICES TO ITS REGIONAL MARKETPLACE. BLESSING CORPORATE SERVICES, INC. IS THE PARENT COMPANY TO ALL ORGANIZATIONS WITHIN THE BLESSING HEALTH SYSTEM.
Describe the Organization's Program Activity:
PHYSICIAN SERVICES - THE ORGANIZATION OPERATES A HEALTH CARE PROVIDER PRACTICE DBA BLESSING PHYSICIAN SERVICES (BPS). THIS PROVIDER GROUP SERVES RESIDENTS OF QUINCY AS WELL AS THE SURROUNDING REGIONS IN WHICH MULTIPLE RURAL CLINICS OPERATE. WITHIN THESE PROVIDER PRACTICES, IT IS THE POLICY OF THE ORGANIZATION THAT NO ONE IS TO BE DENIED HEALTH CARE FOR INABILITY TO PAY.
CROSSRIVER QUALITY HEALTH PARTNERS IS A CLINICALLY INTEGRATED NETWORK OF REGIONAL PHYSICIANS DEDICATED TO ENHANCING CARE QUALITY.
MANAGEMENT SERVICES - THE ORGANIZATION PROVIDES MANAGEMENT SERVICES TO ITS FOLLOWING TAX EXEMPT SUBSIDIARIES: BLESSING HOSPITAL, THE BLESSING FOUNDATION, INC., BLESSINGCARE CORPORATION DBA ILLINI COMMUNITY HOSPITAL, CROSSRIVER QUALITY HEALTH PARTNERS, KEOKUK AREA HOSPITAL AND BLESSING WALK-IN CLINIC, LLC. IT ALSO PROVIDES MANAGEMENT SERVICES TO ITS TAXABLE SUBSIDIARIES: DENMAN SERVICES,INC., CHS HOLDING COMPANY, THE HANNIBAL CLINIC, INC., BLESSING ASSURANCE COMPANY, AND THE BROWN DRUG COMPANY. MANAGEMENT SERVICES PROVIDED INCLUDE STRATEGIC AND BUSINESS DEVELOPMENT, ENGINEERING AND FACILITY DEVELOPMENT, CAPITAL AND INFORMATION TECHNOLOGY DEVELOPMENT, PHYSICIAN PRACTICE OPERATIONS, AND CORPORATE COMPLIANCE. IN ADDITION, BLESSING CORPORATE SERVICES OVERSEES BLESSING AFFILIATES, INC. AND BLESSINGCARE CORPORATION-MISSOURI, BOTH OF WHICH ARE CURRENTLY INACTIVE. THE BLESSING HEALTH SYSTEM'S STRATEGIC OBJECTIVES FOR THE UPCOMING YEARS ARE AS FOLLOWS: 1) QUALITY OUTCOMES/METRICS AND ZERO HARM GOALS A) REDUCE PATIENT HARM EVENTS BY 15% PER YEAR 2) BEST PLACE TO WORK/EMPLOYEE A) INCREASE EMPLOYEE SATISFACTION TO 80TH PERCENTILE B) REDUCE CONTRACT LABOR BY 80% BY END OF FISCAL YEAR 3) PHYSICIAN/PROVIDER SATISFACTION A) 90TH PERCENTILE 4) ACCESS TO CARE - ALWAYS SAY YES A) INCREASE MARKET SHARE IN MISSOURI BY 15% B) DECREASE OUTMIGRATION C) ENHANCE DIGITAL FRONT DOOR 5) TURNAROUND PLAN EXECUTION 6) FISCAL HEALTH A) CONTROL EXPENSES AND INCREASE REVENUE B) ACHIEVE GREATER THAN 200 DAYS CASH ON HAND C) ACHIEVE GREATER THAN 3.5% OPERATING MARGIN 7) PREPARE FOR ELECTRONIC HEALTH RECORD CHANGE IN 2 YEARS
RIVERCROSS DIAGNOSTICS, LLC. IS A QUALIFED SUBSIDIARY OF BLESSING CORPORATE SERVICES, INC. RIVERCROSS DIAGNOSTICS, LLC. PROVIDES DIAGNOSTIC SERVICES TO MEMBERS OF THE BLESSING HEALTHSYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Kahn Retired 7123 Pres/ceo Bcs | OfficerTrustee | 40 | $1,032,261 |
Ronald S Koelliker Evp/chf Phys | Officer | 40 | $1,024,085 |
Irshad Siddiqui MD Evp Chief It | Officer | 40 | $898,361 |
Patrick M Gerveler Treasurer & | Officer | 40 | $641,872 |
Brian T Canfield Pres/ceo Bcs | OfficerTrustee | 40 | $525,747 |
Diane G Jacoby Vp/chief Leg | Officer | 40 | $361,202 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forvis Llp Consulting Svcs | 9/29/23 | $1,281,607 |
Seyfarth Shaw Llp Legal Services | 9/29/23 | $569,388 |
Advance Physical Therapy Sports Medicine Llc Physical Therap | 9/29/23 | $493,488 |
Specialists In Medical Imaging Radiology Svcs | 9/29/23 | $418,750 |
Arent Fox Llp Legal Services | 9/29/23 | $392,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,564,225 |
| Government grants | $159,223 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,723,448 |
| Total Program Service Revenue | $41,737,391 |
| Investment income | $7,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$644,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,593,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,228 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,785,337 |
| Compensation of current officers, directors, key employees. | $349,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,445,801 |
| Pension plan accruals and contributions | $4,938,667 |
| Other employee benefits | $4,570,369 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,745,222 |
| Fees for services: Legal | $818,152 |
| Fees for services: Accounting | $75,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,921 |
| Office expenses | $46,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,350,808 |
| Travel | $91,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,281 |
| Interest | $451,602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $475,835 |
| Insurance | $371,562 |
| All other expenses | $2,261,498 |
| Total functional expenses | $64,561,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,860,351 |
| Loans from Officers, Directors, or Controlling Persons | $9,213 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,737 |
| Inventories for sale or use | $40,831 |
| Prepaid expenses and deferred charges | $62,658 |
| Net Land, buildings, and equipment | $1,316,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,157,393 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,541,427 |
| Total assets | $24,921,513 |
| Accounts payable and accrued expenses | $2,805,052 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,249,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,075,554 |
| Total liabilities | $27,129,606 |
| Net assets without donor restrictions | -$2,238,970 |
| Net assets with donor restrictions | $30,877 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,921,513 |
Grants Awarded
Over the last fiscal year, Blessing Corporate Services Inc has awarded $150,228 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
QUINCY FAMILY PRACTICE PURPOSE: ACADEMIC GRANT | $140,228 |
CATHOLIC CHARITIES OF THE DIOCESEOF SPRINGFIELD IN ILLINOIS PURPOSE: GENERAL SUPPORT | $10,000 |