MONROE MEDICAL FOUNDATION INC

EIN: 310949874 501(c)(3) Health Care

TOMPKINSVILLE, KY

Total Revenue
$22,823,614
Total Expenses
$23,863,010
Total Assets
$30,210,940
Net Assets
$28,615,253
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
KY
Principal Officer
Caitlin Hagan CFO
Phone
2704879231
Tax Period
2024-03-01 to 2025-02-28

MONROE MEDICAL FOUNDATION INC, founded in 1979, is a mid-sized nonprofit in the Health Care sector that reported $22.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $945,480
Program Service Revenue $20,942,115
Investment Income $934,035
Other Revenue $1,984
TOTAL REVENUE $22,823,614

Expense Breakdown

Grants Paid $15,500
Salaries & Benefits $14,482,021
Fundraising Expenses $0
Program Expenses $21,579,470
Other Expenses $9,365,489
TOTAL EXPENSES $23,863,010

Year-over-Year Comparison

2024 2023 Change
Revenue $22,823,614 $20,859,487 +0.1%
Expenses $23,863,010 $22,676,785 +0.1%
Net Income $-1,039,396 $-1,817,298 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
272
Volunteers
N/A

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
2
$276,416
Total Directors
9
$675,037
Key Employees
0
$0
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Carter MD Board Member/ Physician 40
Director
$675,037 $0 $675,037
William Michael Carter MD Physician 40
Highest
$390,144 $0 $390,144
CAYLAN D MCPHERSON PHYSICIAN 40
Highest
$287,075 $0 $287,075
Andrea L Rich McLerran Exec Director/CEO 40
Officer
$190,035 $0 $190,035
Ronnie Raines Nurse Practitioner 40
Highest
$163,271 $0 $163,271
Andrea McAlpin Director of Pharmacy 40
Highest
$158,307 $0 $158,307
Tracey Page Physical Therapist 40
Highest
$136,203 $0 $136,203
Penni High Cardiopulmonary Director 40
Highest
$119,476 $0 $119,476
L Caitlin Hagan Chief Financial Officer 40
Officer
$86,381 $0 $86,381
Judy Rowland Board Member 1
Director
$0 $0 $0
Fowler Ross JR OD Board Member 1
Director
$0 $0 $0
Jimmy Goodman Board Member 1
Director
$0 $0 $0
Polly Baker Board President 1
Director
$0 $0 $0
Kem Coe 2nd Vice President Sec Board Member 1
Director
$0 $0 $0
Greg Crabtree DMD Board Member 1
Director
$0 $0 $0
Donnie Peden Board Member 1
Director
$0 $0 $0
Jack Anderson DO Board Member/Physician 1
Director
$0 $0 $0
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 $22,823,614 $23,863,010 $30,210,940 $-1,039,396
2024 $20,859,487 $22,676,785 $30,139,252 $-1,817,298
2023 $20,903,121 $21,844,909 $32,054,231 $-941,788
2022 $23,507,917 $21,419,342 $35,516,011 $2,088,575
2021 $22,040,953 $19,943,343 $35,409,882 $2,097,610
2020 $19,647,267 $20,059,954 $27,019,017 $-412,687
2019 $20,150,579 $19,650,801 $27,573,841 $499,778
2018 $19,140,643 $19,217,399 $27,211,545 $-76,756
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