Morristown-Hamblen Hospital Foundation

EIN: 621697090 501(c)(3) Health Care

Knoxville, TN

Total Revenue
$239,900
Total Expenses
$609,504
Total Assets
$1,743,578
Net Assets
$1,735,622
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
TN
Principal Officer
Mike Fishman
Phone
8653745329
Tax Period
2023-01-01 to 2023-12-31

Morristown-Hamblen Hospital Foundation, founded in 1997, is a small nonprofit in the Health Care sector that reported $240K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $610K exceeded revenue, resulting in a 154% operating deficit.

Mission

The purpose of the Morristown-Hamblen Hospital Foundation is to support the Morristown-Hamblen Hospital Association in promoting and advancing the well-being of the community by providing quality healthcare and health-related services. The Foundation provides philanthropic support to the Morristown-Hamblen Hospital Association through the generosity of individuals, corporations, and foundations in the community and supports the hospital's mission to serve the community by improving the quality of life through better health.

Program Service Accomplishments

Program 1
Expenses: $466,151

Cancer and Palliative Care:Morristown-Hamblen Hospital Foundation distributed funds to assist with the purchase of a Sentinelle Breast Coil for use with the MRI machine in the Breast Imaging Center...

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Cancer and Palliative Care:Morristown-Hamblen Hospital Foundation distributed funds to assist with the purchase of a Sentinelle Breast Coil for use with the MRI machine in the Breast Imaging Center of Excellence at Morristown West, an 8-channel knee coil for use with the hospital's MRI machine, and a CT simulator in the Morristown Regional Cancer Center.The foundation also distributed funds to provide direct assistance to patients undergoing cancer treatment at Morristown Regional Cancer Center. This financial assistance provided for transportation, food and nutritional supplements, dental care, utilities, medications, and specialized skin creams to aid in healing for radiation patients.

Program 2
Expenses: $44,350

Pathology:Donors to Morristown-Hamblen Hospital Foundation provided funds to purchase a Mobic Slide Scanner used by pathologists to evaluate samples quickly, particularly for cancer patients. The...

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Pathology:Donors to Morristown-Hamblen Hospital Foundation provided funds to purchase a Mobic Slide Scanner used by pathologists to evaluate samples quickly, particularly for cancer patients. The system allows for remote, cooperative work between pathologists, hematologists and other physicians, including time sensitive evaluations for bone marrow samples. The scanner improves turnaround time and diagnostic accuracy.

Program 3
Expenses: $19,086

Employee and Patient Emergency Assistance:Morristown-Hamblen Hospital Foundation's employee emergency assistance fund provided crisis support to 34 employees and 10 patients of Morristown-Hamblen...

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Employee and Patient Emergency Assistance:Morristown-Hamblen Hospital Foundation's employee emergency assistance fund provided crisis support to 34 employees and 10 patients of Morristown-Hamblen Healthcare System who were facing unexpected financial crises due to fires, car accidents, illnesses, deaths, etc. In 2023, assistance was provided for housing, transportation, funerals, utilities, and medical needs.

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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 $266,503
Program Service Revenue $0
Investment Income $41,969
Other Revenue $-68,572
TOTAL REVENUE $239,900

Expense Breakdown

Grants Paid $536,837
Salaries & Benefits $0
Fundraising Expenses $63,664
Program Expenses $536,837
Other Expenses $72,667
TOTAL EXPENSES $609,504

Year-over-Year Comparison

2023 2022 Change
Revenue $239,900 $330,274 -0.3%
Expenses $609,504 $118,812 +4.1%
Net Income $-369,604 $211,462 -2.7%
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
13
Independent Members
13
Employees
N/A
Volunteers
89

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Fishman Director/Chair 1.00
Officer Director
$0 $0 $0
Greg Steisslinger Director/Vice-Chair 1.00
Officer Director
$0 $0 $0
Kay Senter Director/Secretary 1.00
Officer Director
$0 $0 $0
John Anderson MD Director (rolled off during 2023) 1.00
Director
$0 $0 $0
Ritchie Broyles Director (rolled off during 2023) 1.00
Director
$0 $0 $0
Izabela Burja MD Director (rolled off during 2023) 1.00
Director
$0 $0 $0
Justin Cook Director 1.00
Director
$0 $0 $0
Susanne DeNeau Director 1.00
Director
$0 $0 $0
Laura Dickerson Director 1.00
Director
$0 $0 $0
David Helton Director 1.00
Director
$0 $0 $0
Amy Hemminger Director 1.00
Director
$0 $0 $0
Suzanne Mickey Director 1.00
Director
$0 $0 $0
Noel Montepeque Director 1.00
Director
$0 $0 $0
Harold Nichols Director 1.00
Director
$0 $0 $0
Wendy Noe Director 1.00
Director
$0 $0 $0
Joe Spoone Director 1.00
Director
$0 $0 $0
Gordon E Lintz President/CAO - Morristown 1.00
Officer
$0 $0 $0
Patrick J Birmingham IV VP of Philanthrophy 8.00
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $239,900 $609,504 $1,743,578 $-369,604
2022 $330,274 $118,812 $1,966,561 $211,462
2021 $501,006 $128,288 $1,983,870 $372,718
2020 $170,617 $183,953 $1,504,401 $-13,336
2019 $237,333 $120,674 $1,449,799 $116,659
2018 $196,604 $353,233 $1,185,668 $-156,629
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