Form 990 for tax year 2024
Filed by JMH RESOURCE MANAGEMENT COMPANY INC.
Totals
- Total revenue
- $7,409,613
- Total expenses
- $8,797,414
- Contributions and grants received
- $0
- Grants paid
- $8,618,952
- Program service revenue
- $0
- Investment income
- $7,409,613
- Other revenue
- $0
- Total assets, end of year
- $31,794,341
- Total liabilities, end of year
- $2,156,066
- Net assets or fund balances, end of year
- $29,638,275
- Program services expenses (Part IX)
- $8,621,374
- Management and general expenses
- $176,040
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,621,374
Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $1,747,808 · excluded $1,747,808
-
7a · Gross sales of assets other than inventory
securities $39,043,233
-
7b · Less cost or other basis and sales expenses
securities $33,381,428
-
7c · Gain or loss
securities $5,661,805
-
7d · Net gain or loss
total $5,661,805 · excluded $5,661,806
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,618,952 · program services $8,618,952
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,210 · management and general $1,210
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $162,053 · management and general $162,053
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $22 · program services $22
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $1,000 · program services $800 · management and general $200
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Foreign Taxes Paid on Investments
total $12,177 · management and general $12,177
-
24b · Other expenses: Loan Renewal Fees
total $2,000 · program services $1,600 · management and general $400
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $10 · end of year $10
-
11 · Investments: publicly traded securities
beginning of year $40,358,753 · end of year $31,794,331
-
17 · Accounts payable and accrued expenses
beginning of year $5,365,850 · end of year $138,850
-
25 · Other liabilities
beginning of year $1,547,278 · end of year $2,017,216
-
27 · Net assets without donor restrictions
beginning of year $33,445,635 · end of year $29,638,275
Mission and programs · 2024
Mission
TO OPERATE FOR THE EXCLUSIVE BENEFIT OF JOHNSON MEMORIAL HOSPITAL AND THE HEALTH CARE COMMUNITY SERVED BY JOHNSON MEMORIAL HOSPITAL
-
Develop and oversee a physician recruitment program on behalf of Hospital. Provide support of professional office buildings and health organization memberships. Support provided thru ownership in Johnson Memorial Health Physician Network LLC. 2024 K-1 share of net expenses was 469,938.
Expenses $470,184 · Grants $470,184
-
Develop an educational program for Hospital board members and leadership staff of Hospital.
Expenses $161,022 · Grants $161,000
-
Provide support for obtaining capital assets of Hospital, and additional support to Hospital as needed. In 2024, funds were used to maintain bank line of credit for operating needs. Support for capital assets and operations of Hospital were also provided in 2024.
Expenses $7,990,168 · Grants $7,987,768
As filed on the 2024 return.
Listed in Part VII
-
R MARTIN UMBARGER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.25 + 2 related
-
JERRY ENGLE
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25 + 2 related
-
KEVIN MCGINNIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 2 related
-
DAVID WIESMAN
BOARD VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 0.25 + 2 related
-
SAUNDRA HUDDLESTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 2 related
-
ADAM PUTVIN
TREASURER
- Total calculated
- $0
- Hours/week
- 4 + 40 related
-
DAVID DUNKLE
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$8,618,952
Physician recruit cost Capital assets
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
GOVT · COUNTY HOSPITAL · IN
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
JOHNSON MEMORIAL HEALTH PHYSICIAN NETWORK LLC
Related · MANAGE PHYSICIAN OFFICES · IN · 5% owned · share of income -$469,968
Directly controlled by JOHNSON MEMORIAL HOSPITAL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543189349305539
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