Owensboro Health Medical Group Inc

EIN: 611197638 501(c)(3) Health Care

Owensboro, KY

Total Revenue
$108,261,546
Total Expenses
$202,389,728
Total Assets
$288,993,892
Net Assets
$-705,790,949
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
KY
Phone
2704172000
Tax Period
2023-06-01 to 2024-05-31

Owensboro Health Medical Group Inc, founded in 1993, is a major nonprofit in the Health Care sector that reported $108.3M in total revenue in fiscal year 2023. Expenses of $202.4M exceeded revenue, resulting in a 87% operating deficit.

Mission

OWENSBORO HEALTH MEDICAL GROUP, INC. EXISTS TO HEAL THE SICK AND IMPROVE THE HEALTH OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $186,115,065 Revenue: $109,626,028

OWENSBORO HEALTH MEDICAL GROUP, INC. ('OHMG') EMPLOYS PHYSICIANS WHO PROVIDE DIRECT PATIENT CARE IN SUPPORT OF OWENSBORO HEALTH, INC. ('OH'), OHMG'S SOLE CORPORATE MEMBER AND A TAX-EXEMPT...

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OWENSBORO HEALTH MEDICAL GROUP, INC. ('OHMG') EMPLOYS PHYSICIANS WHO PROVIDE DIRECT PATIENT CARE IN SUPPORT OF OWENSBORO HEALTH, INC. ('OH'), OHMG'S SOLE CORPORATE MEMBER AND A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3). DURING THE REPORTING PERIOD, OHMG HIRED APPROXIMATELY 37 PHYSICIANS AND ADVANCED PRACTICE CLINICIANS WHO PROVIDED CARE IN OVER 36 SPECIALTIES IN MORE THAN 35 LOCATIONS IN WESTERN KENTUCKY AND SOUTHERN INDIANA. OHMG FULFILLS ITS CHARITABLE MISSION THROUGH PATIENT ACCESS TO ITS PHYSICIANS, MANY OF WHICH ARE PRIMARY CARE PROVIDERS. COST OF PARTICIPATING IN GOVERNMENT PROGRAMS: OHMG IS COMMITTED TO SERVING ALL PERSONS IN NEED, REGARDLESS OF RACE, CREED, SEX, NATIONALITY, RELIGION, DISABILITY, AGE OR ABILITY TO PAY. TO PROMOTE ACCESS TO CARE, OHMG PARTICIPATES IN THE FOLLOWING PUBLIC HEALTH PROGRAMS: MEDICAID, MEDICARE, TRICARE AND LOCAL HEALTH DEPARTMENTS. IN GENERAL, PAYMENTS FROM THESE PROGRAMS FREQUENTLY DO NOT COVER THE COSTS OHMG INCURS TO SERVE PROGRAM BENEFICIARIES. UNCOMPENSATED CARE AND FINANCIAL ASSISTANCE: OHMG PROVIDES MEDICAL CARE WITHOUT CHARGE OR AT REDUCED COST TO RESIDENTS OF THE COMMUNITIES THAT IT SERVES. OHMG'S FINANCIAL ASSISTANCE PROGRAM WAS ESTABLISHED TO ASSIST PATIENTS WHO DO NOT QUALIFY FOR MEDICAL ASSISTANCE PROGRAMS, LIKE MEDICAID, AND WHOSE ANNUAL INCOMES ARE AT OR BELOW CERTAIN PERCENTAGES OF THE FEDERAL POVERTY GUIDELINES. OHMG IS COMMITTED TO EXPANDING ITS PROGRAMS TO IMPROVE ACCESS TO HEALTH CARE IN THE AREAS IT SERVES, WHICH INCLUDE RURAL AND ECONOMICALLY DEPRESSED AREAS AND AREAS THAT LACK ADEQUATE NUMBERS OF PRIMARY CARE AND SPECIALTY PROVIDERS.

Program 2
Expenses: $4,524,863 Revenue: $2,794,599

ON BEHALF OF OWENSBORO HEALTH INC (OH), OWENSBORO HEALTH MEDICAL GROUP, INC. (OHMG) OPERATES THE HEALTHPARK, A 115,000 SQUARE FOOT, WORLD CLASS WELLNESS FACILITY OFFERING PROGRAMS THAT FOCUSES ON...

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ON BEHALF OF OWENSBORO HEALTH INC (OH), OWENSBORO HEALTH MEDICAL GROUP, INC. (OHMG) OPERATES THE HEALTHPARK, A 115,000 SQUARE FOOT, WORLD CLASS WELLNESS FACILITY OFFERING PROGRAMS THAT FOCUSES ON KEEPING PEOPLE WELL AND RESTORING HEALTH TO OTHERS. THE HEALTHPARK IS KENTUCKY'S ONLY CERTIFIED CENTER THROUGH THE MEDICAL FITNESS ASSOCIATION WITH A MEMBERSHIP OF OVER 4,800. THE FACILITY HOUSES A MEDICAL BASED FITNESS CENTER, WITH PROGRAMS THAT PROVIDERS CAN MAKE REFERRALS IN THE ELECTRONIC MEDICAL RECORD (EPIC) FOR THOSE NEEDING INCREASED PHYSICAL ACTIVITY (EXERCISE IS MEDICINE AND FALL PREVENTION), COMMUNITY EDUCATION AND SCREENINGS AND MEETING SPACE FOR SUPPORT GROUPS. IN ADDITION, HOSPITAL SERVICES ARE INTEGRATED AT THIS LOCATION (RENT SPACE), INCLUDING OUTPATIENT PHYSICAL THERAPY, DIABETES EDUCATION, OUTPATIENT NUTRITION COUNSELING AND EMPLOYEE ASSISTANCE PROGRAM COUNSELING TO OFFER ADDITIONAL RESOURCES THAT PROMOTE WELLNESS BODY, MIND AND SPIRIT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,760
Program Service Revenue $104,327,595
Investment Income $0
Other Revenue $3,927,191
TOTAL REVENUE $108,261,546

Expense Breakdown

Grants Paid $327,665
Salaries & Benefits $159,717,792
Fundraising Expenses $0
Program Expenses $190,639,928
Other Expenses $42,344,271
TOTAL EXPENSES $202,389,728

Year-over-Year Comparison

2023 2022 Change
Revenue $108,261,546 $107,224,590 +0.0%
Expenses $202,389,728 $193,670,183 +0.0%
Net Income $-94,128,182 $-86,445,593 +0.1%
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
9
Independent Members
4
Employees
1276
Volunteers
4

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
$2,517,059
Total Directors
12
$4,200,044
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD VICE-CHAIRPERSON (ENDED 10/31/2023) 2.0
Officer Director
$0 $0 $0
N/A BOARD VICE-CHAIRPERSON (EFFECTIVE 11/1/2023) 2.0
Officer Director
$0 $0 $0
N/A BOARD CHAIRPERSON (EFFFECTIVE 10/31/23) / COO - OHMG 45.0
Officer Director
$476,056 $52,773 $528,829
N/A BOARD SECRETARY, CFO 8.0
Officer Director
$0 $84,036 $699,464
N/A BOARD VICE-CHAIRPERSON (EFFECTIVE 11/1/2023) 2.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 47.0
Director
$731,658 $16,884 $748,542
N/A BOARD MEMBER (EFFECTIVE 03/27/2023) 45.0
Director
$907,286 $16,884 $924,170
N/A BOARD MEMBER (ENDED 10/31/2023), CHIEF MEDICAL OFFICER 30.0
Director
$44,682 $23,190 $801,881
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 45.0
Director
$462,188 $34,970 $497,158
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A FORMER BOARD MEMBER (ENDED 10/31/2023) 2.0
Director
$0 $0 $0
N/A PRESIDENT AND CEO 8.0
Officer
$0 $54,815 $1,288,766
N/A PHYSICIAN 45.0
Highest
$1,234,045 $45,364 $1,279,409
N/A PHYSICIAN 45.0
Highest
$1,583,844 $35,904 $1,619,748
N/A PHYSICIAN 45.0
Highest
$1,158,806 $45,364 $1,204,170
N/A PHYSICIAN 45.0
Highest
$975,272 $45,364 $1,020,636
N/A PHYSICIAN 45.0
Highest
$1,221,985 $45,364 $1,267,349
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 $108,261,546 $202,389,728 $288,993,892 $-94,128,182
2023 $107,224,590 $193,670,183 $172,921,190 $-86,445,593
2022 $99,252,581 $178,163,630 $99,247,106 $-78,911,049
2021 $79,492,499 $149,786,323 $104,524,061 $-70,293,824
2020 $71,512,576 $137,117,147 $107,646,955 $-65,604,571
2019 $71,675,221 $136,288,875 $114,733,748 $-64,613,654
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