Totals
- Total revenue
- $22,823,614
- Total expenses
- $23,863,010
- Contributions and grants received
- $945,480
- Grants paid
- $15,500
- Program service revenue
- $20,942,115
- Investment income
- $934,035
- Other revenue
- $1,984
- Total assets, end of year
- $30,210,940
- Total liabilities, end of year
- $1,595,687
- Net assets or fund balances, end of year
- $28,615,253
- Program services expenses (Part IX)
- $21,579,470
- Management and general expenses
- $2,283,540
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $21,579,470
Program services were 90.4% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$945,480
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Hospital Services Net of Contractual Adjustment
total $20,942,115 · related or exempt $20,942,115 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $934,035 · related or exempt $934,035 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11d · All other revenue
total $1,984 · related or exempt $1,984 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,984
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $15,500 · program services $15,500
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,035,953 · program services $759,537 · management and general $276,416 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $11,304,389 · program services $10,585,997 · management and general $718,392 · fundraising $0
-
8 · Pension plan contributions
total $178,831 · program services $162,736 · management and general $16,095 · fundraising $0
-
9 · Other employee benefits
total $1,108,318 · program services $1,008,569 · management and general $99,749 · fundraising $0
-
10 · Payroll taxes
total $854,530 · program services $785,222 · management and general $69,308 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $813 · program services $0 · management and general $813 · fundraising $0
-
11c · Fees: accounting
total $37,392 · program services $0 · management and general $37,392 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $807,304 · program services $255,534 · management and general $551,770 · fundraising $0
-
12 · Advertising and promotion
total $21,263 · program services $21,263 · management and general $0 · fundraising $0
-
13 · Office expenses
total $2,645,094 · program services $2,619,318 · management and general $25,776 · fundraising $0
-
14 · Information technology
total $518,924 · program services $415,139 · management and general $103,785 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $448,109 · program services $336,082 · management and general $112,027 · fundraising $0
-
17 · Travel
total $49,805 · program services $47,529 · management and general $2,276 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $12,003 · program services $12,003 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $988,547 · program services $974,707 · management and general $13,840 · fundraising $0
-
23 · Insurance
total $189,097 · program services $189,097 · management and general $0 · fundraising $0
-
24a · Other expenses: Physician Fees
total $2,194,485 · program services $2,194,485 · management and general $0 · fundraising $0
-
24b · Other expenses: Repairs & Maintenance
total $598,215 · program services $586,607 · management and general $11,608 · fundraising $0
-
24c · Other expenses: Kentucky Provider Tax
total $352,791 · program services $352,791 · management and general $0 · fundraising $0
-
24e · All other expenses
total $501,647 · program services $257,354 · management and general $244,293 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $26,895 · end of year $26,985
-
2 · Savings and temporary cash investments
beginning of year $1,684,011 · end of year $1,300,411
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $1,104,743 · end of year $4,346,266
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $340,748 · end of year $424,287
-
9 · Prepaid expenses and deferred charges
beginning of year $208,249 · end of year $270,390
-
10a · Land, buildings and equipment: cost or other basis
$34,984,904
-
10b · Land, buildings and equipment: accumulated depreciation
$28,546,459
-
10c · Land, buildings and equipment, net
beginning of year $6,679,509 · end of year $6,438,445
-
11 · Investments: publicly traded securities
beginning of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0
-
15 · Other assets
beginning of year $20,095,097 · end of year $17,404,156
-
17 · Accounts payable and accrued expenses
beginning of year $1,274,206 · end of year $1,444,887
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,426,256 · end of year $150,800
-
27 · Net assets without donor restrictions
beginning of year $27,076,863 · end of year $28,041,017
-
28 · Net assets with donor restrictions
beginning of year $361,927 · end of year $574,236
Mission and programs · 2024
Mission
ACUTE CARE HOSPITAL - The mission of the Monroe Medical Foundation, Inc. is to be a rural healthcare organization who values compassion, respect and confidentiality, and provides quality, safe, primary and specialty services for the citizens of Monroe County and surrounding area through detection, prevention and treatment of illness. We achieve this by operating a 49 bed acute care hospital, ambulance service, county 911 service, 3 employed physicians and an adult daycare service.
Activities or mission (Part I)
ACUTE CARE HOSPITAL - Our mission is to be a rural healthcare organization who values compassion, respect and confidentiality, and to provide quality, safe, primary and specialty services for the citizens of Monroe County and surrounding area through detection, prevention and treatment of illness. We achieve this by operating a 49 bed acute care hospital, ambulance service, county 911 service, adult daycare service and 2 employed physician offices.
-
Inpatient Care - Monroe Medical Foundation, Inc. operates a 49 bed acute care hospital. The hospital admitted 1,058 patients, treated 5,174 patients in the emergency room, treated 17,631 patients as outpatient referrals and made 2,010 ambulance runs in FYE 2-28-25. The patients admitted to the hospital as regular inpatients consisted of approximately 76% Medicare patients and 15% Medicaid patients. Approximately 1% of patients admitted did not have Medicare or Medicaid, and did not have any type of insurance. The hospital also began providing Swing Bed services in December 2014. We admitted 32 patients to the swing bed status during the fiscal year, and we had 252 swing bed patient days. (Grants included 4 high school graduates' scholarships and 2 individuals in RN school).
Expenses $21,579,470 · Grants $15,500 · Revenue $22,823,615
As filed on the 2024 return.
Listed in Part VII
-
Anthony Carter MD
Board Member/ Physician
- Total calculated
- $675,037
- From this org
- $675,037
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $451,833
- Other
- $0
- Deferred
- $8,425
- Nontaxable benefits
- $0
- Filer's total
- $660,258
-
William Michael Carter MD
Physician
- Total calculated
- $390,144
- From this org
- $390,144
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $385,370
- Bonus
- $0
- Other
- $0
- Deferred
- $9,153
- Nontaxable benefits
- $7,718
- Filer's total
- $402,241
-
Caylan D McPhersonCAYLAN D MCPHERSON
PHYSICIAN
- Total calculated
- $287,075
- From this org
- $287,075
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $287,075
- Bonus
- $0
- Other
- $0
- Deferred
- $1,373
- Nontaxable benefits
- $7,718
- Filer's total
- $296,166
-
Andrea L Rich McLerran
Exec Director/CEO
- Total calculated
- $190,035
- From this org
- $190,035
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,691
- Bonus
- $0
- Other
- $0
- Deferred
- $4,581
- Nontaxable benefits
- $7,718
- Filer's total
- $174,990
-
Ronnie Raines
Nurse Practitioner
- Total calculated
- $163,271
- From this org
- $163,271
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,063
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,718
- Filer's total
- $159,781
-
Andrea McAlpin
Director of Pharmacy
- Total calculated
- $158,307
- From this org
- $158,307
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,218
- Bonus
- $0
- Other
- $0
- Deferred
- $3,843
- Nontaxable benefits
- $7,718
- Filer's total
- $149,779
-
Tracey Page
Physical Therapist
- Total calculated
- $136,203
- From this org
- $136,203
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Penni High
Cardiopulmonary Director
- Total calculated
- $119,476
- From this org
- $119,476
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
L Caitlin Hagan
Chief Financial Officer
- Total calculated
- $86,381
- From this org
- $86,381
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Judy Rowland
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Fowler Ross JR OD
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jimmy Goodman
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Polly Baker
Board President
- Total calculated
- $0
- Hours/week
- 1
-
Kem Coe 2nd Vice President Sec
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Greg Crabtree DMD
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Donnie Peden
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jack Anderson DO
Board Member/Physician
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 6a · Pay contingent on this organization's net earnings
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 6
- The agreements with the physicians state that the Monroe County Medical Center will pay the physician a base salary plus incentive compensation in an amount equal to a certain percentage of the excess of the Medical Center's total collections for physician's personally performed professional medical services over the amount of the Physician's salary.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 January 2026
- IRS schema version
- 2024v5.0
- Source object
- 202610169349301211
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