GOLDEN VALLEY MEMORIAL HOSPITAL FOUNDATION

EIN: 431509160 501(c)(3)

CLINTON, MO

Total Revenue
$3,478,374
Total Expenses
$7,047,036
Total Assets
$3,968,539
Net Assets
$3,968,539
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MO
Phone
6608907108
Tax Period
2023-04-01 to 2024-03-31

GOLDEN VALLEY MEMORIAL HOSPITAL FOUNDATION, founded in 1989, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $7.0M exceeded revenue, resulting in a 103% operating deficit.

Mission

THE FOUNDATION SHALL OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF GOLDEN VALLEY MEMORIAL HOSPITAL DISTRICT.

Program Service Accomplishments

Program 1
Expenses: $6,925,591 Revenue: $0

PRIOR TO FY24 THE GVMH FOUNDATION COMPLETED A CAPITAL CAMPAIGN TO RAISE FUNDS TO ASSIST THE HOSPITAL IN BUILDING A RADIATION ONCOLOGY CENTER. MANY GIFTS WERE PLEDGED BY DONORS TO BE PAID OVER A...

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PRIOR TO FY24 THE GVMH FOUNDATION COMPLETED A CAPITAL CAMPAIGN TO RAISE FUNDS TO ASSIST THE HOSPITAL IN BUILDING A RADIATION ONCOLOGY CENTER. MANY GIFTS WERE PLEDGED BY DONORS TO BE PAID OVER A PERIOD OF YEARS. GIFTS RECEIVED BY THE FOUNDATION ARE PLACED IN A RESTRICTED FUND FOR RADIATION ONCOLOGY. THE HOSPITAL COMPLETED CONSTRUCTION OF THE CENTER IN DECEMBER OF 2023. DURING FY24, THE FOUNDATION BEGAN TRANSFERRING FUNDS RAISED FOR RADIATION ONCOLOGY TO THE HOSPITAL TO HELP OFFSET THEIR COSTS ASSOCIATED WITH THE PROJECT.

Program 2
Expenses: $28,513 Revenue: $0

THE FOUNDATION AWARDED A GRANT TO GVMH HOME HEALTH FOR EQUIPMENT (IPADS, CASES AND KEYBOARDS WITH APPLE CARE+) THAT WORKS WITH THEIR NEW AXXESS WEB BASED SOLUTION IN ORDER TO ALLOW STAFF TO CHART...

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THE FOUNDATION AWARDED A GRANT TO GVMH HOME HEALTH FOR EQUIPMENT (IPADS, CASES AND KEYBOARDS WITH APPLE CARE+) THAT WORKS WITH THEIR NEW AXXESS WEB BASED SOLUTION IN ORDER TO ALLOW STAFF TO CHART WHILE IN PATIENTS HOMES RATHER THAN WAITING UNTIL BACK IN THE OFFICE AT THE END OF THE DAY.

Program 3
Expenses: $17,108 Revenue: $0

THE FOUNDATION AWARDED A GRANT TO GVMH HOSPICE FOR EQUIPMENT (IPADS, CASES AND KEYBOARDS WITH APPLE CARE+) THAT WORKS WITH THEIR NEW AXXESS WEB BASED SOLUTION IN ORDER TO ALLOW STAFF TO CHART WHILE...

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THE FOUNDATION AWARDED A GRANT TO GVMH HOSPICE FOR EQUIPMENT (IPADS, CASES AND KEYBOARDS WITH APPLE CARE+) THAT WORKS WITH THEIR NEW AXXESS WEB BASED SOLUTION IN ORDER TO ALLOW STAFF TO CHART WHILE IN PATIENTS HOMES RATHER THAN WAITING UNTIL BACK IN THE OFFICE AT THE END OF THE DAY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,468,893
Program Service Revenue $0
Investment Income $50,195
Other Revenue $-40,714
TOTAL REVENUE $3,478,374

Expense Breakdown

Grants Paid $6,952,600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,031,833
Other Expenses $94,436
TOTAL EXPENSES $7,047,036

Year-over-Year Comparison

2023 2022 Change
Revenue $3,478,374 $5,098,359 -0.3%
Expenses $7,047,036 $79,307 +87.9%
Net Income $-3,568,662 $5,019,052 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
10
Employees
N/A
Volunteers
44

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
$994,155
Total Directors
12
$893,079
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIR 1.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Officer Director
$0 $16,823 $132,731
N/A BOARD MEMBER 1.0
Officer Director
$0 $40,429 $760,348
N/A Secretary/Treasurer 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A FOUNDATION DIRECTOR 1.0
Officer
$0 $27,555 $101,076
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 No data No data No data No data
2024 $3,478,374 $7,047,036 $3,968,539 $-3,568,662
2023 $5,098,359 $79,307 $8,067,340 $5,019,052
2022 $745,800 $201,837 $2,467,179 $543,963
2021 $199,255 $198,071 $1,842,963 $1,184
2020 $557,264 $129,898 $1,726,857 $427,366
2019 $170,674 $122,621 $1,564,974 $48,053
2018 $107,995 $40,453 $639,415 $67,542
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