Form 990 for tax year 2022
Filed by HENRY COUNTY MEMORIAL HOSPITAL FOUNDATION INC.
Totals
- Total revenue
- $2,863,703
- Total expenses
- $1,547,995
- Contributions and grants received
- $39,502
- Grants paid
- $99,931
- Program service revenue
- $267,676
- Investment income
- -$190,306
- Other revenue
- $2,746,831
- Total assets, end of year
- $69,613,126
- Total liabilities, end of year
- $5,394,350
- Net assets or fund balances, end of year
- $64,218,776
- Program services expenses (Part IX)
- $966,362
- Management and general expenses
- $581,633
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $966,362
Program services were 62.4% 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.
-
1f · All other contributions, gifts and grants
$39,502
-
2a · Program service revenue: LIFELINE SERVICES
total $157,676 · related or exempt $157,676
-
2b · Program service revenue: CONTRACT SERVICES
total $110,000 · related or exempt $110,000
-
3 · Investment income
total $1,203,004 · related or exempt $175,552 · excluded $1,027,452
-
6a · Gross rents
real property $3,745,860 · personal property $1,432,515
-
6b · Less rental expenses
real property $2,051,481 · personal property $394,853
-
6c · Rental income or loss
real property $1,694,379 · personal property $1,037,662
-
6d · Net rental income or loss
total $2,732,041 · related or exempt $2,732,041
-
7a · Gross sales of assets other than inventory
securities $12,674,532
-
7b · Less cost or other basis and sales expenses
securities $14,067,842
-
7c · Gain or loss
securities -$1,393,310
-
7d · Net gain or loss
total -$1,393,310 · related or exempt -$1,393,310
-
11a · Other revenue: OTHER INCOME
total $14,790 · related or exempt $14,790
-
11e · Other revenue, total
$14,790
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 $39,931 · program services $39,931
-
5 · Compensation of officers, directors and key employees
total $71,970 · management and general $71,970
-
6 · Compensation of disqualified persons
total $43,500 · management and general $43,500
-
7 · Other salaries and wages
total $18,497 · program services $18,497
-
8 · Pension plan contributions
total $1,376 · program services $1,376
-
9 · Other employee benefits
total $8,251 · program services $8,251
-
10 · Payroll taxes
total $10,851 · program services $2,029 · management and general $8,822
-
11b · Fees: legal
total $27,483 · management and general $27,483
-
11c · Fees: accounting
total $25,093 · management and general $25,093
-
11f · Fees: investment management
total $138,622 · management and general $138,622
-
12 · Advertising and promotion
total $554,246 · program services $518,851 · management and general $35,395
-
19 · Conferences, conventions and meetings
total $5,904 · program services $5,904
-
23 · Insurance
total $1,373 · management and general $1,373
-
24a · Other expenses: OTHER OPERATING EXPENSES
total $288,390 · program services $107,637 · management and general $180,753
-
24b · Other expenses: PHYSICIAN RECRUITMENT
total $195,962 · program services $195,962
-
24c · Other expenses: DONATION EXPENSE
total $47,195 · management and general $47,195
-
24d · Other expenses: NEEDY MEDS
total $6,663 · program services $6,663
-
24e · All other expenses
total $2,688 · program services $1,261 · management and general $1,427
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,176,124 · end of year $504,514
-
4 · Accounts receivable
beginning of year $759,399 · end of year $40,853
-
9 · Prepaid expenses and deferred charges
end of year $9,493
-
10a · Land, buildings and equipment: cost or other basis
$42,130,657
-
10b · Land, buildings and equipment: accumulated depreciation
$14,775,862
-
10c · Land, buildings and equipment, net
beginning of year $27,180,951 · end of year $27,354,795
-
11 · Investments: publicly traded securities
beginning of year $44,295,737 · end of year $41,655,057
-
15 · Other assets
beginning of year $23,109 · end of year $48,414
-
17 · Accounts payable and accrued expenses
beginning of year $925,200 · end of year $577,972
-
20 · Tax-exempt bond liabilities
beginning of year $893,532 · end of year $805,752
-
25 · Other liabilities
beginning of year $3,271,459 · end of year $4,010,626
-
27 · Net assets without donor restrictions
beginning of year $66,887,969 · end of year $62,917,444
-
28 · Net assets with donor restrictions
beginning of year $1,457,160 · end of year $1,301,332
Mission and programs · 2022
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 700 SUBSCRIBERS AND ENDED WITH 566.
Expenses $137,790 · Revenue $119,510
-
SCHOLARSHIP AWARDS, MEDICAL EDUCATION-GRANT TO IVY TECH NURSING PROGRAM, MEDICATIONS FOR THE NEEDY, HOSPICE, AND OTHER SCHOLARSHIPS WERE AWARDED TO 24 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 2021 WAS 80,000 FOR THE SALARY OF AN INSTRUCTOR AND RENT OF OFFICE SPACE FOR THE PROGRAM.
Expenses $107,855 · Grants $99,931
-
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 $720,717
-
TO PROMOTE PUBLIC RELATIONS AND TO PROVIDE SERVICE EQUIPMENT TO THE HOSPITAL.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brian RingBRIAN RING
PRESIDENT
- Total calculated
- $31,750
- From this org
- $31,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7.5
-
Vanessa TuckerVANESSA TUCKER
ASST SEC/TRE
- Total calculated
- $20,220
- From this org
- $20,220
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.85
-
Darin BrownDARIN BROWN
TREASURER
- Total calculated
- $20,000
- From this org
- $20,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.5
-
Sarah BowmanSARAH BOWMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Josh EstelleJOSH ESTELLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 3.5
-
Erika GilmanERIKA GILMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Duke HammDUKE HAMM
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 2
-
Joel HarveyJOEL HARVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Scott KoontzSCOTT KOONTZ
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Wylie McGlothlin MDWYLIE MCGLOTHLIN MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kyle Siewert MDKYLE SIEWERT MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Debbie MargisonDEBBIE MARGISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Todd MyersTODD MYERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John PidgeonJOHN PIDGEON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dr Nathan RichDR NATHAN RICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dave WeimerDAVE WEIMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brenda WilkinsonBRENDA WILKINSON
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.
-
COUNTY GOV · 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 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
- 2022
- Filed
- 15 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321159349300122
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