SAMARITAN HOSPITAL FOUNDATION

EIN: 341783215 501(c)(3) Philanthropy & Grantmaking

ASHLAND, OH

Total Revenue
$1,247,931
Total Expenses
$5,826,744
Total Assets
$62,061,534
Net Assets
$58,257,060
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
OH
Principal Officer
RICHARD L BEAL
Phone
4192077900
Tax Period
2023-01-01 to 2023-12-31

SAMARITAN HOSPITAL FOUNDATION, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $5.8M exceeded revenue, resulting in a 367% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT TO SAMARITAN REGIONAL HEALTH SYSTEM AND TO PROVIDE HEALTH AND WELLNESS INITIATIVES TO THE ASHLAND COUNTY COMMUNITY.

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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 $89,599
Program Service Revenue $252,600
Investment Income $908,526
Other Revenue $-2,794
TOTAL REVENUE $1,247,931

Expense Breakdown

Grants Paid $4,836,156
Salaries & Benefits $383,088
Fundraising Expenses $79,791
Program Expenses $5,012,729
Other Expenses $607,500
TOTAL EXPENSES $5,826,744

Year-over-Year Comparison

2023 2022 Change
Revenue $1,247,931 $2,410,296 -0.5%
Expenses $5,826,744 $3,263,804 +0.8%
Net Income $-4,578,813 $-853,508 +4.4%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
12
Employees
4
Volunteers
19

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
$254,600
Total Directors
14
$1,519,231
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD L BEAL PRESIDENT 20.00
Officer Director
$254,600 $0 $254,600
PAUL MYERS CHAIR 1.00
Officer Director
$0 $0 $0
JACK VANOSDALL VICE CHAIR 1.00
Officer Director
$0 $0 $0
RONALD LEDDY TREASURER 1.00
Officer Director
$0 $0 $0
DON HAAG SECRETARY 1.00
Officer Director
$0 $0 $0
POLLY CHANDLER BOARD MEMBER 1.00
Director
$0 $0 $0
DENNIS MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
KIP MATTESON BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MICHAEL MARTIN MD BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL MYERS MD BOARD MEMBER 1.00
Director
$0 $0 $0
DALE THOMAE MD BOARD MEMBER 1.00
Director
$0 $40,496 $577,594
MELODY BARNES BOARD MEMBER 1.00
Director
$0 $0 $0
ZANE GROSS BOARD MEMBER 1.00
Director
$0 $0 $0
BRADLEY BOND BOARD MEMBER 1.00
Director
$0 $62,070 $687,037
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 No data No data No data No data
2023 $1,247,931 $5,826,744 $62,061,534 $-4,578,813
2022 $2,410,296 $3,263,804 $65,063,952 $-853,508
2021 $5,391,705 $3,159,172 $73,176,335 $2,232,533
2020 $3,219,869 $3,626,781 $64,846,691 $-406,912
2019 $2,505,507 $3,034,035 $60,625,885 $-528,528
2018 $2,869,398 $3,089,642 $54,458,641 $-220,244
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