Owensboro Health Inc

EIN: 611286361 501(c)(3) Health Care

Owensboro, KY

Total Revenue
$888,669,741
Total Expenses
$738,597,649
Total Assets
$2,841,051,978
Net Assets
$1,283,786,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
KY
Phone
2704172000
Tax Period
2024-06-01 to 2025-05-31

Owensboro Health Inc, founded in 1995, is a major nonprofit in the Health Care sector that reported $888.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $150.1M, a strong 17% operating margin.

Mission

OWENSBORO HEALTH, INC. EXISTS TO HEAL THE SICK AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

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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 $2,074,256
Program Service Revenue $854,453,270
Investment Income $21,679,688
Other Revenue $10,462,527
TOTAL REVENUE $888,669,741

Expense Breakdown

Grants Paid $2,189,908
Salaries & Benefits $254,344,244
Fundraising Expenses $0
Program Expenses $565,125,523
Other Expenses $482,063,497
TOTAL EXPENSES $738,597,649

Year-over-Year Comparison

2024 2023 Change
Revenue $888,669,741 $822,447,186 +0.1%
Expenses $738,597,649 $692,038,189 +0.1%
Net Income $150,072,092 $130,408,997 +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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
14
Employees
3953
Volunteers
334

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
$2,098,479
Total Directors
19
$1,461,902
Key Employees
19
$9,771,905
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE ROBERTS BOARD VICE-CHAIRPERSON 3.0
Officer Director
$0 $0 $0
GAVIN ROBERTS BOARD CHAIRPERSON 3.0
Officer Director
$0 $0 $0
SUSANNE HARRIS BOARD SECRETARY 3.0
Officer Director
$0 $0 $0
ANDREA MOORE WETHINGTON MD BOARD MEMBER 3.0
Director
$0 $18,977 $594,107
ANTHONY MCBRIDE MD BOARD MEMBER 3.0
Director
$0 $36,089 $867,795
CANDANCE CASTLEN BRAKE BOARD MEMBER 3.0
Director
$0 $0 $0
CHRIS GADDIS BOARD MEMBER (EFFECTIVE 1/7/24) 3.0
Director
$0 $0 $0
CHRIS LOVE BOARD MEMBER (TERMED 10/31/2024) 3.0
Director
$0 $0 $0
DHIREN HARIA MD BOARD MEMBER (EFFECTIVE 11/25/24) 3.0
Director
$0 $0 $0
JASON MILLS MD BOARD MEMBER 3.0
Director
$0 $0 $0
LANIE GARDNER BOARD MEMBER 3.0
Director
$0 $0 $0
LAURA CHAPMAN BOARD MEMBER 3.0
Director
$0 $0 $0
MICHAEL SCHERM MD BOARD MEMBER (EFFECTIVE 10/31/24) 3.0
Director
$0 $0 $0
MICHAEL YEISER MD BOARD MEMBER (TERMED 10/31/2024) 3.0
Director
$0 $0 $0
NATHAN BERRY BOARD MEMBER (TERMED 11/7/2024) 3.0
Director
$0 $0 $0
NICK HETMAN BOARD MEMBER 3.0
Director
$0 $0 $0
PHIL RINEY BOARD MEMBER 3.0
Director
$0 $0 $0
TISH CORREA OSBORNE BOARD MEMBER 3.0
Director
$0 $0 $0
TOM LILLY BOARD MEMBER 3.0
Director
$0 $0 $0
MARK MARSH PRESIDENT AND CEO 38.0
Officer
$1,331,050 $63,070 $1,394,120
RUSSELL S RANALLO CHIEF FINANCIAL OFFICER 38.0
Officer
$609,034 $95,325 $704,359
ASHLEY HERRINGTON CEO - OHTLMC 5.0
Key Emp
$0 $50,802 $420,885
BETH R STEELE CHIEF OPERATING OFFICER-OHRH 40.0
Key Emp
$606,337 $57,079 $663,416
BILL J BRYANT MD VP QUALITY AND PATIENT SAFETY 40.0
Key Emp
$597,794 $43,514 $641,308
CATHERINE CLEMONS VP OF OPERATIONS - OHTLMC 5.0
Key Emp
$0 $23,502 $256,421
CATHY STEWART VP PATIENT CARE SVCS AND CNO - OHTLMC 5.0
Key Emp
$0 $80,714 $323,804
CHRISTOPHER SALE VP OF OPERATIONS 40.0
Key Emp
$297,316 $46,045 $343,361
EDWARD L HEATH JR CEO - OHMCH 45.0
Key Emp
$453,656 $110,313 $563,969
ERNEST E BEGLEY II CHIEF LEGAL OFFICER 40.0
Key Emp
$644,674 $112,391 $757,065
FRANCIS J DUFRAYNE MD CHIEF MEDICAL OFFICER 40.0
Key Emp
$900,892 $16,138 $917,030
GARY CLARK VP ANALYTICS 40.0
Key Emp
$285,854 $35,735 $321,589
JAMES E TIDWELL III MD VP POPULATION HEALTH SERVICES 40.0
Key Emp
$532,847 $57,258 $590,105
JOAN M SIMS VP PATIENT CARE SVCS AND CNO - OHRH 40.0
Key Emp
$317,222 $69,151 $386,373
KATHLEEN MYER VP PATIENT CARE SERVICES AND CNO-OHMCH 45.0
Key Emp
$317,023 $34,142 $351,165
MACK HOWELL COO - OHMG 5.0
Key Emp
$0 $53,608 $520,640
MIA M SUTER CHIEF ADMINISTRATIVE OFFICER 40.0
Key Emp
$700,613 $91,471 $792,084
MICHAEL B KELLEY VP MEDICAL AFFAIRS, OHRH (TERMED 01/02/25) 40.0
Key Emp
$558,277 $55,132 $613,409
PHILIP E SMITH CHIEF BUSINESS DEVELOPMENT OFFICER 40.0
Key Emp
$485,821 $47,554 $533,375
RAMONA C HIENEMAN VP ASSOCIATE GENERAL COUNSEL 40.0
Key Emp
$296,935 $26,565 $323,500
RUBY J JACILDO SVP ACCOUNTING AND CONTROLLER 40.0
Key Emp
$356,155 $96,251 $452,406
EDWINA STAFFORD NURSING SUPERVISOR - OHMCH 50.0
Highest
$229,882 $32,968 $262,850
JASON B COLLINS EXECUTIVE DIRECTOR OF PHARMACY 40.0
Highest
$239,489 $28,356 $267,845
JOE TAYLOR EXECUTIVE DIRECTOR OF FACILITIES 40.0
Highest
$211,931 $68,025 $279,956
JOHN WALKER EXECUTIVE DIRECTOR OF MATERIALS MANAGEMENT 40.0
Highest
$213,690 $52,051 $265,741
TERESA A RASCOE EXECUTIVE DIRECTOR OF HUMAN RESOURCES 40.0
Highest
$233,311 $64,917 $298,228
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 $888,669,741 $738,597,649 $2,841,051,978 $150,072,092
2024 $822,447,186 $692,038,189 $2,454,793,215 $130,408,997
2023 $781,700,525 $681,442,951 $2,035,494,750 $100,257,574
2022 $743,805,012 $635,110,946 $1,736,352,747 $108,694,066
2021 $709,904,993 $559,560,339 $1,685,340,581 $150,344,654
2020 $640,081,683 $566,578,548 $1,531,261,789 $73,503,135
2019 $619,878,640 $542,317,067 $1,369,224,739 $77,561,573
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