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.

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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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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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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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