ASHLAND HOSPITAL CORPORATION

EIN: 610444716 501(c)(3) Health Care

ASHLAND, KY

Total Revenue
$1,006,610,598
Total Expenses
$873,226,520
Total Assets
$1,411,623,047
Net Assets
$1,022,967,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
KY
Principal Officer
SARA MARKS
Phone
6064084000
Tax Period
2024-07-01 to 2025-06-30

ASHLAND HOSPITAL CORPORATION, founded in 1941, is a large national nonprofit in the Health Care sector that reported $1.0B in total revenue in fiscal year 2024. Expenses of $873.2M left a modest 13% surplus.

Mission

TO PROVIDE COMMUNITY HEALTHCARE SERVICES. TO CARE. TO SERVE. TO HEAL.

Program Service Accomplishments

Program 1
Expenses: $767,239,819 Revenue: $960,409,610

LOCATED IN ASHLAND, KY., KING'S DAUGHTERS MEDICAL CENTER HAS BEEN SERVING THE PEOPLE OF NORTHEASTERN KENTUCKY, SOUTHERN OHIO, AND WESTERN WEST VIRGINIA SINCE 1899. OUR MISSION IS CENTERED ON HEALING...

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LOCATED IN ASHLAND, KY., KING'S DAUGHTERS MEDICAL CENTER HAS BEEN SERVING THE PEOPLE OF NORTHEASTERN KENTUCKY, SOUTHERN OHIO, AND WESTERN WEST VIRGINIA SINCE 1899. OUR MISSION IS CENTERED ON HEALING THE SICK, IMPROVING QUALITY AND LENGTH OF LIFE, BUILDING HEALTHY COMMUNITIES, AND MEETING THE EVOLVING HEALTHCARE NEEDS OF THE REGION.AS ONE OF THE AREA'S LARGEST EMPLOYERS, KING'S DAUGHTERS PLAYS A VITAL ROLE IN THE REGION'S INFRASTRUCTURE BY ENSURING ACCESS TO HIGH-QUALITY HEALTHCARE SERVICES; PROVIDING STABLE EMPLOYMENT; SUPPORTING ECONOMIC DEVELOPMENT; AND INVESTING IN EDUCATION FROM PRE-SCHOOL THROUGH SENIOR CITIZENS.KING'S DAUGHTERS PROVIDES COMPREHENSIVE HEALTHCARE SERVICES ACROSS A BROAD RANGE OF SPECIALTIES, INCLUDING HEART AND VASCULAR CARE; ORTHOPEDICS AND SPORTS MEDICINE; DIGESTIVE HEALTH; SURGICAL SERVICES AND BARIATRICS; BEHAVIORAL MEDICINE AND PSYCHIATRIC CARE; ONCOLOGY; MATERNITY, WOMEN'S CARE AND PEDIATRICS; PULMONOLOGY; AND PRIMARY CARE. KING'S DAUGHTERS IS COMPRISED OF ONE ACUTE-CARE HOSPITAL TOTALING 465 LICENSED BEDS; AN INTEGRATED NETWORK OF MORE THAN 500 PHYSICIANS AND ADVANCED PRACTITIONERS; AND MORE THAN 80 AMBULATORY CENTERS AND PRACTICE LOCATIONS OFFERING BOTH PRIMARY AND SPECIALTY CARE THROUGHOUT EASTERN KENTUCKY AND SOUTHERN OHIO. THIS GEOGRAPHICALLY DISTRIBUTED NETWORK OF PROVIDERS AND DIAGNOSTIC CENTERS HELPS ENSURE ACCESSIBLE, CONVENIENT HEALTHCARE SERVICES FOR INDIVIDUALS WHERE THEY LIVE AND WORK.KING'S DAUGHTERS AND ITS TEAM MEMBERS ARE DEEPLY ENGAGED IN PROGRAMS THAT SUPPORT THE HEALTH, WELL-BEING, AND ECONOMIC VITALITY OF THE COMMUNITIES WE SERVE, INCLUDING:- PROVIDING FREE IN-PERSON HEALTH SCREENINGS ADDRESSING CONDITIONS SUCH AS DIABETES, COLON CANCER, HEART DISEASE, JOINT HEALTH, SLEEP DISORDERS, AND SKIN CANCER.- OFFERING FREE ONLINE HEALTH RISK ASSESSMENTS AND FOLLOW UP.- CONDUCTING EXTENSIVE COMMUNITY EDUCATION AND OUTREACH EFFORTS TO INCREASE AWARENESS OF AND COMPLIANCE WITH SCREENING RECOMMENDATIONS FOR BREAST, SKIN, LUNG, AND COLORECTAL CANCERS; STROKE; HEART DISEASE; DIABETES; AND MENTAL HEALTH AND SUBSTANCE USE DISORDERS.- PARTNERING WITH COMMUNITY ORGANIZATIONS TO PROMOTE EDUCATION, PHYSICAL ACTIVITY, SOCIAL ENGAGEMENT, AND ECONOMIC DEVELOPMENT.- SPONSORING OR PARTICIPATING IN COMMUNITY EVENTS SUCH AS STRIKE-OUT STROKE, COMMUNITY BABY SHOWERS, AND FREE FLU VACCINATION CLINICS.- SPONSORING IN-PERSON SUPPORT GROUPS FOR INDIVIDUALS, THEIR FAMILIES, AND CAREGIVERS.- PROVIDING FREE SPORTS PHYSICALS TO STUDENT ATHLETES THROUGHOUT THE REGION; PLACING CERTIFIED ATHLETIC TRAINERS IN LOCAL SCHOOLS; AND OFFERING WEEKDAY WALK-IN ORTHOPEDIC CLINICS IN ASHLAND, KY., AND PORTSMOUTH, OHIO.- PLACING ADVANCED PRACTICE NURSES IN LOCAL ELEMENTARY, MIDDLE, AND HIGH SCHOOLS TO PROVIDE HEALTH EDUCATION, IMMUNIZATIONS, SCREENINGS, AND CARE FOR ACUTE ILLNESS TO STUDENTS, FACULTY, AND STAFF.- PROVIDING 3D MAMMOGRAPHY SERVICES AT TWO PERMANENT IMAGING LOCATIONS AND TWO MOBILE MAMMOGRAPHY UNITS THAT BRING THIS POTENTIALLY LIFE-SAVING TESTING TO UNDERSERVED AND REMOTE AREAS.- RAISING FUNDS TO ASSIST UNINSURED AND UNDERINSURED PATIENTS RECEIVE DIAGNOSTIC MAMMOGRAMS, BREAST BIOPSIES AND ADVANCED CARE RELATED TO BREAST CANCER DIAGNOSIS AND TREATMENT. - EXPANDING ACCESS TO CARE THROUGH TWO MOBILE HEALTH UNITS OFFERING OCCUPATIONAL MEDICINE, HEARING SCREENINGS, GENERAL HEALTH SCREENINGS, EKGS, AND OTHER SERVICES AS REQUESTED BY LOCAL PROVIDERS.- INCREASING ACCESS TO FRESH, HEALTHY FOOD THROUGH SPONSORSHIP OF FARMERS MARKETS SERVING FIVE COUNTIES IN KENTUCKY AND OHIO.- DONATING FOOD AND SUPPORTING LOCAL FOOD BANKS TO ADDRESS FOOD INSECURITY IN THE REGION.- MANAGING MEALS ON WHEELS PROGRAMS IN BOYD AND GREENUP COUNTIES, PROVIDING FREE AND LOW-COST MEALS TO ELIGIBLE RESIDENTS.- PARTNERING WITH THE AMERICAN RED CROSS TO SPONSOR MONTHLY BLOOD DRIVES ON THE ASHLAND CAMPUS AND UKKD PAVILION IN GREENUP, KY.- PROVIDING FREE TRANSPORTATION TO MEDICAL APPOINTMENTS FOR INDIVIDUALS WITHOUT DEPENDABLE TRANSPORTATION THROUGH THE VAN MINISTRY PROGRAM.- PROVIDING PEER SUPPORT SPECIALIST AND COMMUNITY HEALTH WORKERS TO WORK WITH INDIVIDUALS IN THE COMMUNITY THAT STRUGGLE WITH VARIOUS SOCIAL DETERMINANTS OF HEALTH INCLUDING FOOD INSECURITY AND TRANSPORTATION. THESE PROGRAMS ARE DESIGNED TO ASSIST COMMUNITY MEMBERS WITH BASIC NEEDS THAT SO OFTEN FALL THROUGH THE CRACKS. STAFF ALSO ASSIST INDIVIDUALS THAT ARE DEALING WITH MENTAL HEALTH AND SUBSTANCE USE DISORDERS FIND TREATMENT AND ASSIST WITH ARRANGING TRANSPORTATION TO PROGRAMS OFFERED IN THE COMMUNITY. THROUGH THESE AND OTHER INITIATIVES, KING'S DAUGHTERS REMAINS COMMITTED TO IMPROVING ACCESS TO CARE, ADVANCING COMMUNITY HEALTH, AND MEETING THE EVOLVING NEEDS OF THE REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $772,698
Program Service Revenue $960,409,610
Investment Income $34,508,058
Other Revenue $10,920,232
TOTAL REVENUE $1,006,610,598

Expense Breakdown

Grants Paid $609,933
Salaries & Benefits $416,649,322
Fundraising Expenses $0
Program Expenses $767,239,819
Other Expenses $455,967,265
TOTAL EXPENSES $873,226,520

Year-over-Year Comparison

2024 2023 Change
Revenue $1,006,610,598 $976,812,883 +0.0%
Expenses $873,226,520 $805,676,074 +0.1%
Net Income $133,384,078 $171,136,809 -0.2%
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
10
Independent Members
9
Employees
5852
Volunteers
101

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
$2,641,266
Total Directors
10
$0
Key Employees
5
$4,574,261
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID JONES CHAIRMAN, BOARD OF DIRECTOR 2.00
Officer Director
$0 $0 $0
MARK BIRDWHISTELL BOARD OF DIRECTORS 0.25
Director
$0 $0 $0
CRAIG COLLINS BOARD OF DIRECTORS 0.25
Director
$0 $0 $0
ERIC MONDAY BOARD OF DIRECTORS 0.25
Director
$0 $0 $0
STEPHEN ADDINGTON BOARD OF DIRECTORS 0.25
Director
$0 $0 $0
TOM BURNETTE BOARD OF DIRECTORS 0.25
Director
$0 $0 $0
JOHN STEWART BOARD OF DIRECTORS 0.25
Director
$0 $0 $0
ROBERT DIPAOLA BOARD OF DIRECTORS 0.25
Director
$0 $0 $0
GINA DUGAS BOARD OF DIRECTORS 0.25
Director
$0 $0 $0
PENNY COX BOARD OF DIRECTORS 0.25
Director
$0 $0 $0
STEVEN CLIFTON SECRETARY 2.00
Officer
$0 $0 $0
SARA MARKS PRESIDENT/CEO 51.25
Officer
$1,057,903 $138,206 $1,196,109
AUTUMN MCFANN TEASURER, SENIOR VP/CHIEF FIN. & ADMIN OFFICER 51.25
Officer
$1,017,721 $137,762 $1,155,483
AMY SAUNDERS ASSISTANT SECRETARY 42.00
Officer
$262,208 $27,466 $289,674
JAMES DETHERAGE VP / CMO OF OUTPATIENT & INTEGRATED PRACTICES 0.25
Key Emp
$0 $108,979 $818,789
CHARBEL SALEM VP/CHIEF POPULATION HEALTH OFFICER, PHYSICIAN 0.25
Key Emp
$0 $108,277 $1,044,180
RICHARD FORD VP / CMO OF INPATIENT / PROCEDURAL SERVICES 0.25
Key Emp
$0 $81,681 $788,615
STACY CAUDILL VP/CHIEF INPATIENT CLINICAL OFFICER, PHYSICIAN 0.25
Key Emp
$0 $90,844 $607,702
OMRAN ABUL-KHOUDOUD INTERIM VP, CMO INPATIENT/PROC SERVICES, PHYSICIAN 0.25
Key Emp
$0 $72,802 $1,314,975
PAUL MATHAROO PHYSICIAN 40.00
Highest
$817,201 $45,625 $862,826
BRADLEY WELLS PHYSICIAN 40.00
Highest
$756,960 $38,349 $795,309
GARRICK SHERMAN PHYSICIAN 40.00
Highest
$742,576 $37,325 $779,901
SCOTT MOORE PHYSICIAN 40.00
Highest
$1,102,860 $44,056 $1,146,916
PHO NGUYEN PHYSICIAN 40.00
Highest
$742,783 $62,797 $805,580
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 $1,006,610,598 $873,226,520 $1,411,623,047 $133,384,078
2024 No data No data No data No data
2023 $762,357,164 $566,525,812 $1,184,563,830 $195,831,352
2022 $854,143,689 $691,470,352 $875,286,431 $162,673,337
2021 $734,768,924 $597,796,181 $776,253,929 $136,972,743
2020 $493,862,252 $463,223,600 $810,355,083 $30,638,652
2019 $449,332,256 $428,539,365 $692,505,967 $20,792,891
2018 $434,494,328 $418,069,156 $676,221,177 $16,425,172
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