Ephraim McDowell Health Resource Inc

EIN: 311545520 501(c)(3) Health Care

DANVILLE, KY

Total Revenue
$10,240,984
Total Expenses
$11,953,197
Total Assets
$2,759,768
Net Assets
$-26,978,455
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
KY
Phone
8592392424
Tax Period
2023-10-01 to 2024-09-30

Ephraim McDowell Health Resource Inc, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $10.2M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $12.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE HIGH QUALITY, COST EFFECTIVE, INTEGRATED HEALTH CARE TO THOSE 124,000 INDIVIDUALS RESIDING WITHIN ITS SERVICE AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,542,202
Investment Income $0
Other Revenue $5,698,782
TOTAL REVENUE $10,240,984

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,420,834
Fundraising Expenses $0
Program Expenses $10,144,968
Other Expenses $2,532,363
TOTAL EXPENSES $11,953,197

Year-over-Year Comparison

2023 2022 Change
Revenue $10,240,984 $7,268,658 +0.4%
Expenses $11,953,197 $8,593,287 +0.4%
Net Income $-1,712,213 $-1,324,629 +0.3%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
17
Employees
446
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
11
$2,255,026
Total Directors
19
$1,496,091
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL MCKAY PRESIDENT & CEO 3.0
Officer Director
$0 $62,774 $909,661
DAVID GRIGSON TREASURER 2.0
Officer Director
$0 $0 $3,300
DAVID MONTGOMERY MD MEDICAL STAFF VICE PRESIDENT 2.0
Officer Director
$0 $0 $750
ERIC GURRANT MD VICE CHAIR 2.0
Officer Director
$0 $0 $7,300
JULIAN GANDER CHAIR 2.0
Officer Director
$0 $0 $3,300
REBECCA CHATHAM MD MEDICAL STAFF PRESIDENT 2.0
Officer Director
$0 $0 $12,800
TIFFANY YEAST SECRETARY 2.0
Officer Director
$0 $0 $3,300
BRIAN ELLIS BOARD MEMBER 33.5
Director
$468,771 $46,259 $515,030
CHRIS WHITWORTH BOARD MEMBER 1.0
Director
$0 $0 $4,500
ERIC CALDWELL BOARD MEMBER 1.0
Director
$0 $0 $4,350
JAMES W DUNN BOARD MEMBER 1.0
Director
$0 $0 $4,800
JEREMY TARTER MD BOARD MEMBER 1.0
Director
$0 $0 $3,300
JOETTA WICKLIFFE BOARD MEMBER 1.0
Director
$0 $0 $4,800
KAY RICHARDSON BOARD MEMBER 1.0
Director
$0 $0 $4,950
LINDA TILLMAN BOARD MEMBER 1.0
Director
$0 $0 $4,050
MIKE W TAYLOR CPA BOARD MEMBER 1.0
Director
$0 $0 $3,300
SCOTT BOTTOMS BOARD MEMBER 1.0
Director
$0 $0 $3,300
SHAWN MARKHAM BOARD MEMBER 1.0
Director
$0 $0 $0
THOMAS HAGER BOARD MEMBER 2.0
Director
$0 $0 $3,300
AMANDA KINMAN CFO 3.0
Officer
$0 $44,044 $386,685
LIBBY MAYES ASST. VP COMMUNITY ENGAGEMENT 3.0
Officer
$0 $38,298 $261,024
NICHOLAS SPOONMORE VP STRATEGIC INITIATIVE 3.0
Officer
$0 $31,331 $291,252
TAMMY ENSSLIN CHIEF LEGAL OFFICER 3.0
Officer
$0 $60,111 $375,654
ASLAM AHMAD MD PHYSICIAN 40.0
Highest
$811,090 $60,142 $871,232
CHARLES GRIGSBY MD PHYSICIAN 40.0
Highest
$1,191,557 $38,297 $1,229,854
EDGAR SALAS MD PHYSICIAN 40.0
Highest
$1,142,713 $59,036 $1,201,749
JARED HAGAMAN MD PHYSICIAN 40.0
Highest
$852,368 $43,174 $895,542
JONATHAN DOTY MD PHYSICIAN 40.0
Highest
$712,942 $62,709 $775,651
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
2024 $10,240,984 $11,953,197 $2,759,768 $-1,712,213
2023 $7,268,658 $8,593,287 $3,035,507 $-1,324,629
2022 $5,840,249 $7,344,626 $3,593,808 $-1,504,377
2021 $6,303,580 $6,734,515 $3,364,594 $-430,935
2020 $5,497,741 $6,737,757 $4,069,784 $-1,240,016
2019 $8,650,223 $9,260,102 $4,792,088 $-609,879
2018 $8,310,727 $9,177,917 $4,901,922 $-867,190
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