MCCULLOUGH-HYDE MEMORIAL HOSPITAL ENDOWMENT FUND

EIN: 237374256 501(c)(3) Health Care

OXFORD, OH

Total Revenue
$3,019,508
Total Expenses
$1,170,794
Total Assets
$23,215,935
Net Assets
$23,139,896
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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
OH
Principal Officer
TYLER WASH
Phone
5135245650
Tax Period
2024-07-01 to 2025-06-30

MCCULLOUGH-HYDE MEMORIAL HOSPITAL ENDOWMENT FUND, founded in 1942, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 61% operating margin.

Mission

THE FOUNDATION PROVIDES A VARIETY OF FINANCIAL SUPPORT, THROUGH GRANTS, TO MCCULLOUGH-HYDE MEMORIAL HOSPITAL ('HOSPITAL") AND THE SURROUNDING COMMUNITY. IT FOCUSES ON PROVIDING FINANCIAL SUPPORT TO THE HOSPITAL FOR DEPARTMENTS AND SPECIALTIES, EDUCATION, EMPLOYEES, HEALTHCARE PROGRAMS, PATIENTS AND GENERAL INFRASTRUCTURE. IN ADDITION, IT MAKES INVESTMENTS IN THE SURROUNDING COMMUNITY SERVED BY THE HOSPITAL TO ADDRESS SIGNIFICANT HEALTH NEEDS. EACH YEAR, THE EMPHASIS IS ON PROGRAMS AND PROJECTS THAT FOCUS ON EDUCATION, PREVENTION PROGRAMS, AWARENESS EFFORTS, WELLNESS OPPORTUNITIES AND DIRECT CARE IN THE FOLLOWING AREAS - MENTAL HEALTH, ALCOHOL AND DRUGS ABUSE, ACCESS TO HEALTHCARE, FOOD INSECURITIES AND OBESITY AND HEALTHY BEHAVIORS. THESE FIVE FUNDING PRIORITIES ADDRESS SIGNIFICANT HEALTH NEEDS IDENTIFIED IN THE COMMUNITY HEALTH NEEDS ASSESSMENT, PUBLISHED TRIENNIALLY BY THE HOSPITAL.

Program Service Accomplishments

Program 1
Expenses: $342,284 Revenue: $0

SUPPORT FOR HEALTH PROGRAMS AND HOSPITAL DEPARTMENTS: THE FOUNDATION PROVIDED SUPPORT FOR HOSPITAL STRATEGIC ADVANCEMENTS AND CURRENT NEEDS THAT SUPPORTED THE COMMUNITIES IN BUTLER COUNTY, OHIO...

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SUPPORT FOR HEALTH PROGRAMS AND HOSPITAL DEPARTMENTS: THE FOUNDATION PROVIDED SUPPORT FOR HOSPITAL STRATEGIC ADVANCEMENTS AND CURRENT NEEDS THAT SUPPORTED THE COMMUNITIES IN BUTLER COUNTY, OHIO, FRANKLIN COUNTY, INDIANA, PREBLE COUNTY, OHIO, UNION COUNTY, INDIANA AND OTHER NEARBY COMMUNITIES SERVED BY THE HOSPITAL. DURING THE YEAR, THE FOUNDATION FOCUSED ON PROVIDING HOSPITAL DEPARTMENT SUPPORT (SURGERY, RESPIRATORY, LABORATORY, INPATIENT CARE, IMAGING, CARDIAC, ONCOLOGY, PHARMACY, PHYSICAL THERAPY AND OBSTETRICS), EMPLOYEE ASSISTANCE SUPPORT, PROGRAM SUPPORT (E.G. OXFORD FREE CLINIC), PATIENT SUPPORT (MEDICAL GAP FUNDING, TEMPORARY ASSISTANCE AND EMERGENCY FUNDING) AND HOSPITAL CAPITAL PROJECTS (FACILITY RENOVATIONS, EQUIPMENT PURCHASES AND CLINICAL INNOVATION).

Program 2
Expenses: $229,272 Revenue: $132,794

SUPPORT FOR DEVELOPMENT AND COMMUNITY ENGAGEMENT ACTIVITIES TO SUPPORT THE MCCULLOUGH-HYDE MEMORIAL HOSPITAL: THE FOUNDATION REPRESENTS THE INTERESTS OF THE COMMUNITIES SERVED BY MCCULLOUGH-HYDE...

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SUPPORT FOR DEVELOPMENT AND COMMUNITY ENGAGEMENT ACTIVITIES TO SUPPORT THE MCCULLOUGH-HYDE MEMORIAL HOSPITAL: THE FOUNDATION REPRESENTS THE INTERESTS OF THE COMMUNITIES SERVED BY MCCULLOUGH-HYDE MEMORIAL HOSPITAL AND SERVES AS A CONDUIT BETWEEN COMMUNITY MEMBERS AND DONORS AND THE HOSPITAL AS IT RELATES TO PHILANTHROPY AND ENGAGEMENT. THE EFFORTS OF THE FOUNDATION OVER THE YEARS HAS PRODUCED AN ENDOWMENT OF $23.1 MILLION, WITH $17.5 MILLION UNRESTRICTED AND $5.6 MILLION DESIGNATED.

Program 3
Expenses: $226,573 Revenue: $0

COMMUNITY GRANTING PROGRAM: THE FOUNDATION MADE INVESTMENTS THAT ADDRESS SIGNIFICANT HEALTH NEEDS OF LOCAL COMMUNITIES. IT PARTNERED WITH AND PROVIDED FUNDING TO LOCAL ORGANIZATIONS THAT ARE LEADING...

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COMMUNITY GRANTING PROGRAM: THE FOUNDATION MADE INVESTMENTS THAT ADDRESS SIGNIFICANT HEALTH NEEDS OF LOCAL COMMUNITIES. IT PARTNERED WITH AND PROVIDED FUNDING TO LOCAL ORGANIZATIONS THAT ARE LEADING THE WAY TO BUILD HEALTHIER COMMUNITIES. EACH YEAR, THE EMPHASIS IS ON PROGRAMS AND PROJECTS THAT FOCUS ON EDUCATION, PREVENTION PROGRAMS, AWARENESS EFFORTS, WELLNESS OPPORTUNITIES AND DIRECT CARE IN THE FOLLOWING AREAS - MENTAL HEALTH, ALCOHOL AND DRUGS ABUSE, ACCESS TO HEALTHCARE, FOOD INSECURITIES AND OBESITY AND HEALTHY BEHAVIORS. THESE FIVE FUNDING PRIORITIES ADDRESS SIGNIFICANT HEALTH NEEDS IDENTIFIED IN THE COMMUNITY HEALTH NEEDS ASSESSMENT, PUBLISHED TRIENNIALLY BY MCCULLOUGH-HYDE MEMORIAL HOSPITAL.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,448,950
Program Service Revenue $0
Investment Income $1,441,933
Other Revenue $128,625
TOTAL REVENUE $3,019,508

Expense Breakdown

Grants Paid $593,920
Salaries & Benefits $0
Fundraising Expenses $122,567
Program Expenses $823,192
Other Expenses $576,874
TOTAL EXPENSES $1,170,794

Year-over-Year Comparison

2024 2023 Change
Revenue $3,019,508 $1,399,889 +1.2%
Expenses $1,170,794 $1,018,776 +0.1%
Net Income $1,848,714 $381,113 +3.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
35

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$200,256
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY BUTTERFIELD CHAIR 1.00
Officer Director
$0 $0 $0
AMY LONGCAMP TRUSTEE 1.00
Director
$0 $0 $0
DELORIS ROME HUDSON TRUSTEE 1.00
Director
$0 $0 $0
JULIE JOLLIFF TRUSTEE 1.00
Director
$0 $0 $0
TRAVIS ROBINSON TRUSTEE 1.00
Director
$0 $0 $0
PAT SIDLEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
TIM MCGOWAN TRUSTEE 1.00
Director
$0 $0 $0
SIBYL MILLER TRUSTEE 1.00
Director
$0 $0 $0
JOHN HARLAN MD TRUSTEE 1.00
Director
$0 $0 $0
KAREN BAKER SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
TYLER WASH PRESIDENT & CEO 60.00
Officer
$158,096 $42,160 $200,256
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,019,508 $1,170,794 $23,215,935 $1,848,714
2024 $1,399,889 $1,018,776 $20,727,608 $381,113
2023 $1,180,283 $1,079,838 $19,240,518 $100,445
2022 $2,376,251 $2,259,611 $17,871,148 $116,640
2021 $1,447,394 $751,108 $22,635,043 $696,286
2020 $-4,455,920 $755,957 $18,319,396 $-5,211,877
2019 $958,794 $584,129 $23,667,065 $374,665
2018 $650,874 $624,846 $22,226,206 $26,028
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