McDonough District Hospital Foundation Inc

EIN: 465143822 501(c)(3) Health Care

Macomb, IL

Total Revenue
$533,577
Total Expenses
$398,092
Total Assets
$4,971,552
Net Assets
$4,965,483
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IL
Principal Officer
Bill Murdock
Phone
3098361757
Tax Period
2022-07-01 to 2023-06-30

McDonough District Hospital Foundation Inc, founded in 2014, is a small nonprofit in the Health Care sector that reported $534K in total revenue in fiscal year 2022. Revenue fell 83% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $135K, a strong 25% operating margin.

Mission

The McDonough District Hospital Foundation is a non-profit 501(c)(3) organization dedicated to raising funds to support patient care and comfort at McDonough District Hospital. The mission of the McDonough District Hospital Foundation is to cultivate philanthropic relationships that enhance the hospital's ability to fulfill its mission.

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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 (2022)

Revenue Breakdown

Contributions & Grants $306,425
Program Service Revenue $0
Investment Income $163,955
Other Revenue $63,197
TOTAL REVENUE $533,577

Expense Breakdown

Grants Paid $311,656
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $378,505
Other Expenses $86,436
TOTAL EXPENSES $398,092

Year-over-Year Comparison

2022 2021 Change
Revenue $533,577 $3,099,769 -0.8%
Expenses $398,092 $88,557 +3.5%
Net Income $135,485 $3,011,212 -1.0%
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
8
Independent Members
6
Employees
N/A
Volunteers
158

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
5
$1,183,904
Total Directors
10
$1,020,476
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian E Dietz Board Treasurer/MDH CEO/PR (until 12/23) 0.50
Officer Director
$0 $186,752 $711,394
Julie Bartlow Board Member 0.50
Director
$0 $48,477 $184,697
Sherri Hitchcock Interim CFO 0.50
Director
$0 $20,025 $124,385
Christine Standard Board Chairman/President 0.50
Officer Director
$0 $0 $0
Matthew Glaser Secretary 0.50
Officer Director
$0 $0 $0
Andy Baker Board Member 0.50
Director
$0 $0 $0
J Scott Clauson Board Member 0.50
Director
$0 $0 $0
Marc Coursey Board Member 0.50
Director
$0 $0 $0
Jamie Cumbie Board Member (until 2/23) 0.50
Director
$0 $0 $0
Seth Minter Board Member 0.50
Director
$0 $0 $0
Bill Murdock Interim President/CEO 0.50
Officer
$0 $97,814 $389,912
Rebecca Paulsen Vice President Foundation 40.00
Officer
$0 $1,903 $82,598
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 No data No data No data No data
2023 $533,577 $398,092 $4,971,552 $135,485
2022 $3,099,769 $88,557 $4,798,004 $3,011,212
2021 $733,922 $446,145 $1,963,216 $287,777
2020 $830,673 $772,298 $1,530,214 $58,375
2019 $573,819 $3,733,527 $1,475,275 $-3,159,708
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