OHIO COUNTY HOSPITAL CORPORATION

EIN: 311131099 501(c)(3) Health Care

HARTFORD, KY

Total Revenue
$84,342,013
Total Expenses
$77,243,418
Total Assets
$60,594,970
Net Assets
$29,838,639
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
KY
Principal Officer
STUART R HIBBS
Phone
2702987411
Tax Period
2022-10-01 to 2023-09-30

OHIO COUNTY HOSPITAL CORPORATION, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $84.3M in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $77.2M left a modest 8% surplus.

Mission

OHIO COUNTY HEALTHCARE EXISTS TO HELP MAKE A DIFFERENCE BY CARING,SERVING AND EDUCATING INDIVIDUALS RELATIVE TO THEIR SPECIFIC HEALTH NEEDS. THROUGH THESE ACTIONS,THE GENERAL HEALTH OF OHIO COUNTY AND SURROUNDING AREAS WILL IMPROVE.

Program Service Accomplishments

Program 1
Expenses: $67,522,091 Revenue: $83,704,677

THE MISSION OF OHIO COUNTY IS TO MAKE A DIFFERENCE IN THE LIVES OF OTHERS BY CARING, SERVING, AND EDUCATING INDIVIDUALS RELATIVE TO THEIR SPECIFIC HEALTH NEEDS. WE BELIEVE THAT THROUGH THESE ACTIONS...

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THE MISSION OF OHIO COUNTY IS TO MAKE A DIFFERENCE IN THE LIVES OF OTHERS BY CARING, SERVING, AND EDUCATING INDIVIDUALS RELATIVE TO THEIR SPECIFIC HEALTH NEEDS. WE BELIEVE THAT THROUGH THESE ACTIONS, THE GENERAL HEALTH OF OHIO COUNTY HOSPITAL IS THE FRONTLINE OF COMMUNITY HEALTHCARE, PROVIDING A SAFETY NET 24 HOURS A DAY THROUGH OUR INPATIENT, OUTPATIENT AND EMERGENCY SERVICES. IN ORDER TO MEET THE CHANGING NEEDS OF THE COMMUNITY AND IMPROVE THE ACCESS TO HEALTH CARE, WE HAVE EXPANDED OUR SERVICES TO INCLUDE PRIMARY CARE AND SPECIALTY PHYSICIAN PRACTICES. AND WHILE PATIENTS BENEFIT FROM OUR BEING CLOSE BY, ULTIMATELY IT IS THE WHOLE COMMUNITY THAT PROSPERS FROM OUR PRESENCE. THE HOSPITAL'S POSITIVE IMPACT ON THE COMMUNITY EXTENDS WELL BEYOND THE FOUR WALLS OF THE FACILITY. OUR COMMUNITY BENEFIT INCLUDES NOT ONLY THE COST OF PROVIDING CARE TO THE UNINSURED AND INDIGENT BUT ALSO BY IDENTIFYING UNMET COMMUNITY OR PUBLIC HEALTH NEEDS AND SEEKING TO ADDRESS THEM. EXAMPLES OF SUCH EFFORTS INCLUDING SUPPLYING CHILDHOOD IMMUNIZATION VACCINES TO OUR LOCAL HEALTH DEPARTMENT AT NO CHARGE. BECOMING A SMOKE-FREE FACILITY, AND OFFERING FREE SMOKING CESSATION COURSES SEVERAL TIMES A YEAR TO ALL COMMUNITY MEMBERS. OHIO COUNTY HOSPITAL WAS THE FOUNDING MEMBER OF A LOCAL HEALTH COALITION WHOSE FOCUS IS TO IMPLEMENT PREVENTATIVE HEALTH ACTIVITIES TO COMBAT THE LACK OF PHYSICAL ACTIVITY AND THE PREVELENCE OF OBESITY IN OUR AREA. WHETHER IT'S THROUGH THE PEOPLE WE EMPLOY, THE LOCAL BUSINESSES WE USE, OR THE CHARITIES AND COMMUNITY ACTIVITIES WE SUPPORT, WE ARE COMMITTED TO MAKING THE OHIO COUNTY AREA A HEALTHIER PLACE TO LIVE AND WORK. DURING THE FISCAL YEAR 2023, THE HOSPITAL PROVIDED HEALTH CARE SERVICES TO OHIO COUNTY KENTUCKY AND SURROUNDING AREAS, INCLUDING INPATIENT, OUTPATIENT, AND EMERGENCY SERVICES. OHIO COUNTY HOSPITAL PROVIDED $218,889 OF CHARITY CARE THROUGH ITS CHARITY CARE PROGRAM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $204,902
Program Service Revenue $77,415,578
Investment Income $432,434
Other Revenue $6,289,099
TOTAL REVENUE $84,342,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,512,430
Fundraising Expenses $0
Program Expenses $67,522,091
Other Expenses $36,730,988
TOTAL EXPENSES $77,243,418

Year-over-Year Comparison

2022 2021 Change
Revenue $84,342,013 $66,374,155 +0.3%
Expenses $77,243,418 $63,407,939 +0.2%
Net Income $7,098,595 $2,966,216 +1.4%
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
9
Independent Members
8
Employees
778
Volunteers
27

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
6
$670,076
Total Directors
9
$258,924
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN SHREWSBURY OD DIRECTOR 2.00
Director
$0 $0 $0
JIM DUKE DIRECTOR 2.00
Director
$0 $0 $0
KELLY ROE PRESIDENT 2.00
Officer Director
$0 $0 $0
CARLA WALLACE DIRECTOR 2.00
Director
$0 $0 $0
EDDIE EMBRY VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
LLOYD SPIVEY DIRECTOR 2.00
Director
$0 $0 $0
AMBER WESTERFIELD MEDICAL STAFF REPRESENTATI 40.00
Director
$237,293 $21,631 $258,924
SUZZETTE TEMPLE DIRECTOR 2.00
Director
$0 $0 $0
BETH LUNSFORD SEC./TREASURER 2.00
Officer Director
$0 $0 $0
JOSHUA SKIBBA CARDIOLOGIST/CMO 40.00
Officer
$377,084 $41,542 $418,626
ATHENA MINOR CHIEF CLINICAL OFFICER 40.00
Officer
$147,933 $12,959 $160,892
SUE WYDICK CCO 40.00
Officer
$88,032 $2,526 $90,558
CHARLES RICCIO GASTROENTEROLOGIST 40.00
Highest
$523,562 $53,480 $577,042
STEVEN MILLS PHYSICIAN 40.00
Highest
$410,495 $20,190 $430,685
ALEX ARGOTTE PHYSICIAN ER 40.00
Highest
$920,863 $31,226 $952,089
DONALD ARM PHYSICIAN 40.00
Highest
$493,354 $58,547 $551,901
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
2023 $84,342,013 $77,243,418 $60,594,970 $7,098,595
2022 $66,374,155 $63,407,939 $38,823,400 $2,966,216
2021 $58,596,257 $50,883,393 $33,656,250 $7,712,864
2020 $50,263,078 $48,344,928 $31,158,222 $1,918,150
2019 $44,899,777 $44,465,267 $19,116,076 $434,510
2018 $42,489,307 $42,096,516 $18,710,091 $392,791
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