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Nonprofiteer
← HENRY COUNTY MEMORIAL HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by HENRY COUNTY MEMORIAL HOSPITAL FOUNDATION INC.

Totals

Total revenue
$4,048,554
Total expenses
$1,388,044
Contributions and grants received
$163,960
Grants paid
$102,595
Program service revenue
$168,713
Investment income
$696,691
Other revenue
$3,019,190
Total assets, end of year
$78,567,526
Total liabilities, end of year
$7,339,345
Net assets or fund balances, end of year
$71,228,181
Program services expenses (Part IX)
$768,048
Management and general expenses
$619,996
Fundraising expenses
$0
Program service expenses (Part III)
$768,048

Program services were 55.3% 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.

  • 1f · All other contributions, gifts and grants

    $163,960

  • 2a · Program service revenue: CONTRACT SERVICES

    total $110,000 · related or exempt $110,000

  • 2b · Program service revenue: LIFELINE SERVICES

    total $58,713 · related or exempt $58,713

  • 3 · Investment income

    total $1,198,632 · excluded $1,198,632

  • 6a · Gross rents

    real property $3,849,171 · personal property $1,540,295

  • 6b · Less rental expenses

    real property $2,024,972 · personal property $359,883

  • 6c · Rental income or loss

    real property $1,824,199 · personal property $1,180,412

  • 6d · Net rental income or loss

    total $3,004,611 · related or exempt $3,004,611

  • 7a · Gross sales of assets other than inventory

    securities $16,415

  • 7b · Less cost or other basis and sales expenses

    securities $518,356

  • 7c · Gain or loss

    securities -$501,941

  • 7d · Net gain or loss

    total -$501,941 · related or exempt -$501,941

  • 11a · Other revenue: OTHER INCOME

    total $14,579 · related or exempt $14,579

  • 11e · Other revenue, total

    $14,579

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000 · program services $60,000

  • 2 · Grants to domestic individuals

    total $42,595 · program services $42,595

  • 5 · Compensation of officers, directors and key employees

    total $93,680 · management and general $93,680

  • 7 · Other salaries and wages

    total $43,500 · management and general $43,500

  • 10 · Payroll taxes

    total $10,365 · management and general $10,365

  • 11c · Fees: accounting

    total $34,918 · management and general $34,918

  • 11f · Fees: investment management

    total $155,588 · management and general $155,588

  • 12 · Advertising and promotion

    total $467,473 · program services $467,473

  • 17 · Travel

    total $62 · management and general $62

  • 19 · Conferences, conventions and meetings

    total $15,809 · program services $15,809

  • 24a · Other expenses: OTHER EXPENSES

    total $219,836 · program services $913 · management and general $218,923

  • 24b · Other expenses: PHYSICIAN RECRUITMENT

    total $178,879 · program services $178,879

  • 24c · Other expenses: DONATION EXPENSE

    total $48,251 · management and general $48,251

  • 24d · Other expenses: OTHER OPERATING EXPENSES

    total $14,008 · program services $300 · management and general $13,708

  • 24e · All other expenses

    total $3,080 · program services $2,079 · management and general $1,001

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $504,514 · end of year $710,415

  • 4 · Accounts receivable

    beginning of year $40,853 · end of year $41,333

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,493

  • 10a · Land, buildings and equipment: cost or other basis

    $46,296,955

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,756,086

  • 10c · Land, buildings and equipment, net

    beginning of year $27,354,795 · end of year $30,540,869

  • 11 · Investments: publicly traded securities

    beginning of year $41,655,057 · end of year $47,274,909

  • 15 · Other assets

    beginning of year $48,414

  • 17 · Accounts payable and accrued expenses

    beginning of year $577,972 · end of year $1,928,493

  • 20 · Tax-exempt bond liabilities

    beginning of year $805,752 · end of year $715,236

  • 25 · Other liabilities

    beginning of year $4,010,626 · end of year $4,695,616

  • 27 · Net assets without donor restrictions

    beginning of year $62,917,444 · end of year $69,664,064

  • 28 · Net assets with donor restrictions

    beginning of year $1,301,332 · end of year $1,564,117

Mission and programs · 2023

Mission

CORPORATION HAS BEEN ORGANIZED TO AND OPERATES FOR THE USE AND BENEFIT OF THE HENRY COUNTY HOSPITAL, A COUNTY OWNED HOSPITAL IN NEW CASTLE, IN, AND OTHER FACILITIES AND SERVICES OPERATED AS NON-PROFITS THAT SERVE THE HEALTH CARE NEEDS OF THE CITIZENS OF HENRY COUNTY, IN.

  • LIFE LINE PROGRAM THE FOUNDATION RENTS LIFE LINE PERSONAL CALL UNITS TO RESIDENTS OF HENRY COUNTY. THE UNITS ARE LEASED AND THEN RENTED ON A MONTHLY BASIS TO ELDERLY PERSONS FOR USE IN THEIR HOMES SO THAT THEY ARE ABLE TO QUICKLY CALL AND RECEIVE MEDICAL AND OTHER TYPES OF ASSISTANCE. THIS SYSTEM IS DESIGNED TO KEEP PEOPLE IN THEIR HOMES LONGER RATHER THAN INCUR THE ADDITIONAL COSTS ASSOCIATED WITH AN ASSISTED LIVING FACILITY OR NURSING HOME. THE YEAR WAS STARTED WITH 566 SUBSCRIBERS AND ENDED WITH 0. THE PROGRAM ENDED IN 2022.

    Expenses $300

  • SCHOLARSHIP AWARDS, MEDICAL EDUCATION-GRANT TO IVY TECH NURSING PROGRAM, MEDICATIONS FOR THE NEEDY, HOSPICE, AND OTHER SCHOLARSHIPS WERE AWARDED TO 22 HEALTHCARE PROGRAM UNDERGRADUATE STUDENTS. TO ENCOURAGE AND SUPPORT THE TRAINING OF NURSES WHO WOULD WANT TO PURSUE A CAREER IN THE NEW CASTLE COMMUNITY, THE FOUNDATION COMMITTED ON A LONG TERM BASIS TO SUPPORT THE ESTABLISHMENT OF LOCAL CLASSES. THE TOTAL AMOUNT GIVEN TO IVY TECH COMMUNITY COLLEGE DURING 2023 WAS 60,000 FOR THE SALARY OF AN INSTRUCTOR AND RENT OF OFFICE SPACE FOR THE PROGRAM.

    Expenses $105,587 · Grants $102,595

  • DIRECT SUPPORT FOR HOSPITAL THE FOUNDATION PAYS FOR PHYSICIAN RECRUITMENT EXPENSES AND FOR MARKETING & PUBLIC RELATIONS EXPENSES TO ATTRACT, RECRUIT AND HIRE PHYSICIANS NEEDED TO PROVIDE QUALITY CARE IN THE COMMUNITY AND TO ATTRACT AND ENCOURAGE MEMBERS OF THE COMMUNITY TO USE THE SERVICES PROVIDED BY THE HENRY COUNTY HOSPITAL.

    Expenses $662,161

  • TO PROMOTE PUBLIC RELATIONS AND TO PROVIDE SERVICE EQUIPMENT TO THE HOSPITAL.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Ring

    PRESIDENT

    Total calculated
    $43,500
    From this org
    $43,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

  • Vanessa Tucker

    ASST SEC/TRE

    Total calculated
    $30,180
    From this org
    $30,180
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.85

  • Darin Brown

    TREASURER

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Sarah Bowman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Josh Estelle

    SECRETARY

    Total calculated
    $0
    Hours/week
    3.5

  • Erika Gilman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Duke Hamm

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Joel Harvey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Koontz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Wylie McGlothlin MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kyle Siewert MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Debbie Margison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Trent McCormick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Allen Mills

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Pidgeon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Nathan Rich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dave Weimer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

  • IVY TECH COMMUNITY COLLEGE

    $60,000

    NURSE TRAINING PROGR

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.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HCMH DIVERSIFIED MANAGEMENT CORPORA

    PHYSICIANS · IN

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202421379349301442

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