MEMORIAL HOSPITAL FOUNDATION INC

EIN: 351359445 501(c)(3) Health Care

JASPER, IN

Total Revenue
$1,041,643
Total Expenses
$1,184,577
Total Assets
$15,109,092
Net Assets
$15,109,092
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
IN
Principal Officer
KEITH MILLER
Phone
8129962345
Tax Period
2023-07-01 to 2024-06-30

MEMORIAL HOSPITAL FOUNDATION INC, founded in 1944, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

MEMORIAL HOSPITAL FOUNDATION OPERATES FOR THE BENEFIT OF MEMORIAL HOSPITAL AND HEALTH CARE CENTER AND FOLLOWS THE MISSION OF THE SISTERS OF THE LITTLE COMPANY OF MARY.VISION STATEMENT: WE STRIVE TO PROVIDE RESOURCES THAT ENHANCE MEMORIAL HOSPITAL'S ABILITY TO TRANSFORM LIVES AND ACHIEVE ITS VISION.

Program Service Accomplishments

Program 1
Expenses: $981,988

THE FOUNDATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF MEMORIAL HOSPITAL & HEALTH CARE CENTER TO SUPPORT VARIOUS PROGRAMS RELATED TO THE HOSPITAL'S PURPOSE BY RECEIVING AND...

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THE FOUNDATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF MEMORIAL HOSPITAL & HEALTH CARE CENTER TO SUPPORT VARIOUS PROGRAMS RELATED TO THE HOSPITAL'S PURPOSE BY RECEIVING AND HOLDING CONTRIBUTIONS FOR THE HOSPITAL.

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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 $1,424,048
Program Service Revenue $0
Investment Income $-185,904
Other Revenue $-196,501
TOTAL REVENUE $1,041,643

Expense Breakdown

Grants Paid $697,596
Salaries & Benefits $0
Fundraising Expenses $35,068
Program Expenses $981,988
Other Expenses $486,981
TOTAL EXPENSES $1,184,577

Year-over-Year Comparison

2023 2022 Change
Revenue $1,041,643 $2,224,754 -0.5%
Expenses $1,184,577 $1,180,730 +0.0%
Net Income $-142,934 $1,044,024 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
30

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
$748,988
Total Directors
15
$646,707
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD HOFFMAN TREASURER 1.00
Officer Director
$0 $0 $0
ABBY SCHMITT SECRETARY 1.00
Officer Director
$0 $0 $0
SISTER RENEE CUNNINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL HULS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL KERN BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH LEONARD BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN MANN BOARD MEMBER 1.00
Director
$0 $0 $0
DR KRISTI NORD BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY SIGLER BOARD MEMBER 1.00
Director
$0 $0 $0
SONYA SEUFERT BOARD MEMBER 1.00
Director
$0 $0 $0
TINA WEISMAN BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE WIGAND BOARD MEMBER 1.00
Director
$0 $0 $0
E KYLE BENNETT PRESIDENT PARTIAL TERM 1.00
Officer Director
$0 $32,902 $646,707
MARK BUECHLEIN TREASURER PARTIAL TERM 1.00
Officer Director
$0 $0 $0
KEITH MILLER PRESIDENT 1.00
Officer Director
$0 $0 $0
DEIDRA CHURCH EXECUTIVE DIRECTOR 40.00
Officer
$0 $10,648 $102,281
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 $1,896,614 $1,318,788 $17,044,375 $577,826
2024 $1,041,643 $1,184,577 $15,109,092 $-142,934
2023 $2,224,754 $1,180,730 $13,860,520 $1,044,024
2022 $1,807,381 $1,624,004 $12,816,496 $183,377
2021 $2,173,179 $2,917,010 $12,633,119 $-743,831
2020 $2,452,088 $863,516 $13,376,950 $1,588,572
2019 $1,258,714 $1,496,815 $11,582,567 $-238,101
2018 $1,023,299 $1,146,335 $11,579,242 $-123,036
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