MEMORIAL HOSPITAL FOUNDATION OF CASS COUNTY INC

EIN: 351631001 501(c)(3)

LOGANSPORT, IN

Total Revenue
$265,969
Total Expenses
$178,384
Total Assets
$3,606,617
Net Assets
$3,594,474
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IN
Principal Officer
SCOTT KRAUD
Phone
5747537541
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL HOSPITAL FOUNDATION OF CASS COUNTY INC, founded in 1984, is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $88K, a strong 33% operating margin.

Mission

GIFTING FOR HEALTH - LOGANSPORT MEMORIAL HOSPITAL FOUNDATION BUILDS CAPITAL, AWARDS GRANTS AND PROMOTES SERVICES TO ENHANCE THE OVERALL HEALTH AND WELLNESS OF OUR 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 $175,763
Program Service Revenue $0
Investment Income $75,351
Other Revenue $14,855
TOTAL REVENUE $265,969

Expense Breakdown

Grants Paid $61,279
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $136,378
Other Expenses $117,105
TOTAL EXPENSES $178,384

Year-over-Year Comparison

2023 2022 Change
Revenue $265,969 $292,791 -0.1%
Expenses $178,384 $207,226 -0.1%
Net Income $87,585 $85,565 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
10
Employees
N/A
Volunteers
41

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
4
$100,610
Total Directors
15
$653,491
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK LADOW PRESIDENT 2.00
Officer Director
$0 $0 $0
CHAD HIGGINS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHRISTINE DANDREA SECRETARY 2.00
Officer Director
$0 $16,725 $100,610
MICHAEL BOWDITCH TREASURER 2.00
Officer Director
$0 $0 $0
KAILIN BAUMAN BOARD MEMBER 2.00
Director
$0 $0 $0
VICKI BYRD BOARD MEMBER 2.00
Director
$0 $31,672 $159,808
AMY CUNNINGHAM BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT KRAUD BOARD MEMBER 2.00
Director
$0 $0 $0
LEEANN MURRAY BOARD MEMBER 2.00
Director
$0 $0 $0
AMY MILLER BOARD MEMBER 2.00
Director
$0 $0 $0
TARA MCVAY BOARD MEMBER 2.00
Director
$0 $0 $0
KRIS COVER BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID AMEEN BOARD MEMBER PARTIAL TERM 2.00
Director
$0 $0 $0
PERRY GAY BOARD MEMBER PARTIAL TERM 2.00
Director
$0 $35,438 $323,324
CARMEN JONES BOARD MEMBER PARTIAL TERM 2.00
Director
$0 $17,971 $69,749
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 $265,969 $178,384 $3,606,617 $87,585
2022 $292,791 $207,226 $3,284,918 $85,565
2021 $268,845 $233,334 $3,430,489 $35,511
2020 $165,115 $335,012 $3,181,561 $-169,897
2019 $271,552 $367,344 $3,299,988 $-95,792
2018 $303,157 $369,765 $3,192,946 $-66,608
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