HENRY COUNTY MEMORIAL HOSPITAL FOU… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

BRIAN RING

Phone

7655211501

Tax Period

2025-01-01 to 2025-12-31

HENRY COUNTY MEMORIAL HOSPITAL FOUNDATION, founded in 1954, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2025. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 79% operating margin.

Mission

CORPORATION HAS BEEN ORGANIZED TO AND OPERATES FOR THE USE AND BENEFIT OF THE HENRY COUNTY HOSPITAL, A COUNTY OWNED HOSPITAL IN NEW CASTLE, IN, AND OTHER FACILITIES AND SERVICES OPERATED AS NON-PROFITS THAT SERVE THE HEALTH CARE NEEDS OF THE CITIZENS OF HENRY COUNTY, IN.

Program Service Accomplishments

Program 1

Expenses: $110,692

AUXILIARY PROGRAM THE FOUNDATION IS INVOLVED IN AUXILIARY PROGRAMS FOR THE BENEFIT OF OTHERS.

Program 2

Expenses: $146,298

SCHOLARSHIP AWARDS, MEDICAL EDUCATION-GRANT TO IVY TECH NURSING PROGRAM, MEDICATIONS FOR THE NEEDY, HOSPICE, AND OTHER SCHOLARSHIPS WERE AWARDED TO 18 HEALTHCARE PROGRAM UNDERGRADUATE STUDENTS. TO...

SCHOLARSHIP AWARDS, MEDICAL EDUCATION-GRANT TO IVY TECH NURSING PROGRAM, MEDICATIONS FOR THE NEEDY, HOSPICE, AND OTHER SCHOLARSHIPS WERE AWARDED TO 18 HEALTHCARE PROGRAM UNDERGRADUATE STUDENTS. TO ENCOURAGE AND SUPPORT THE TRAINING OF NURSES WHO WOULD WANT TO PURSUE A CAREER IN THE NEW CASTLE COMMUNITY, THE FOUNDATION COMMITTED ON A LONG TERM BASIS TO SUPPORT THE ESTABLISHMENT OF LOCAL CLASSES.

Program 3

Expenses: $669,692

DIRECT SUPPORT FOR HOSPITAL THE FOUNDATION PAYS FOR PHYSICIAN RECRUITMENT EXPENSES AND FOR MARKETING & PUBLIC RELATIONS EXPENSES TO ATTRACT, RECRUIT AND HIRE PHYSICIANS NEEDED TO PROVIDE QUALITY CARE IN THE COMMUNITY AND TO ATTRACT AND ENCOURAGE MEMBERS OF THE COMMUNITY TO USE THE SERVICES PROVIDED BY THE HENRY COUNTY 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $51,723

Program Service Revenue $174,464

Investment Income $4,146,437

Other Revenue $1,797,829

TOTAL REVENUE $6,170,453

Expense Breakdown

Grants Paid $76,986

Salaries & Benefits $89,888

Fundraising Expenses $0

Program Expenses $929,448

Other Expenses $1,110,014

TOTAL EXPENSES $1,276,888

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,170,453	$3,332,194	+0.9%
Expenses	$1,276,888	$1,291,262	0.0%
Net Income	$4,893,565	$2,040,932	+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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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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$63,500

Total Directors

$83,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN RING	PRESIDENT	8.00	Officer Director	$43,500	$0	$43,500
DARIN BROWN	TREASURER	5.00	Officer Director	$20,000	$0	$20,000
CORRINE MCBRIDE	TRUSTEE/COO	2.00	Director	$20,000	$0	$20,000
MRS CARRIE BARRETT	TRUSTEE	2.00	Director	$0	$0	$0
MR JACK BASLER	TRUSTEE	2.00	Director	$0	$0	$0
MR JED BEHNY	TRUSTEE	2.00	Director	$0	$0	$0
SARAH BOWMAN	TRUSTEE	2.00	Director	$0	$0	$0
JOSH ESTELLE	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
ERIKA GILMAN	SECRETARY	2.00	Director	$0	$0	$0
DUKE HAMM	CHAIRMAN	2.00	Director	$0	$0	$0
JOEL HARVEY	TRUSTEE	2.00	Director	$0	$0	$0
DAVID BARR MD	TRUSTEE	2.00	Director	$0	$0	$0
MR TERRY MCCALL	TRUSTEE	2.00	Director	$0	$0	$0
JOHN PIDGEON	TRUSTEE	2.00	Director	$0	$0	$0
DR NATHAN RICH	TRUSTEE	2.00	Director	$0	$0	$0
MR MARK TAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
DAVE WEIMER	TRUSTEE	2.00	Director	$0	$0	$0

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
2025	$6,170,453	$1,276,888	$114,528,467	$4,893,565
2024	$3,332,194	$1,291,262	$105,471,979	$2,040,932
2023	$4,048,554	$1,388,044	$78,567,526	$2,660,510
2022	$2,863,703	$1,547,995	$69,613,126	$1,315,708
2021	$9,093,409	$1,203,042	$73,435,320	$7,890,367
2020	$3,612,684	$1,324,617	$66,671,261	$2,288,067

HENRY COUNTY MEMORIAL HOSPITAL FOUNDATION