Madison County Hospital Inc
- Assets
- $40.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- London, OH
- Founding
- 08/1975
- Data as of
- 12/2021
- EIN
- 31-0876202
Organization Overview
Madison County Hospital Inc is located in London, OH. The organization was established in 1975. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison County Hospital Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Madison County Hospital Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE INVESTMENTS AND ASSETS IN FUTHERANCE OF THE EXEMPT PURPOSES OF MADISON CTY COMMUNITY HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEWARDSHIP OF INVESTMENTS AND ASSETS FOR THE FUTHERANCE OF THE EXEMPT PURPOSE OF THE MADISON COUNTY COMMUNITY HOSPITAL (DBA MADISON HEALTH), A 501(C)(3) ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Homewood Chair | OfficerTrustee | 2 | $0 |
Dan Blazer Vice Chair | OfficerTrustee | 2 | $0 |
Marvin Homan Treasurer | OfficerTrustee | 2 | $0 |
Angie Wilderman Secretary | OfficerTrustee | 2 | $0 |
Michael S Browning Mcch CFO | Officer | 2 | $0 |
Dana E Engle Mcch CEO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,298,288 |
| Investment income | $370,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,668,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,109 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,532,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,023,729 |
| Insurance | $0 |
| All other expenses | $200 |
| Total functional expenses | $3,602,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $444,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,239 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,539,695 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $29,411,947 |
| Investments—publicly traded securities | $8,716,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $231,039 |
| Total assets | $40,351,806 |
| Accounts payable and accrued expenses | $136,514 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $35,915,241 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,228,390 |
| Total liabilities | $37,280,145 |
| Net assets without donor restrictions | $3,062,626 |
| Net assets with donor restrictions | $9,035 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,351,806 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Madison County Hospital Inc has recieved totaling $2,800.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: HEALTH | $1,400 |
Columbus Foundation Columbus, OH PURPOSE: HEALTH | $1,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Livingston Hospital And Healthcare Services Inc Salem, KY | $11,764,039 | $22,423,570 |
Barnesville Hospital Association Inc Barnesville, OH | $13,746,955 | $20,495,277 |
Cumberland County Hospital Association Inc Burkesville, KY | $27,206,653 | $23,152,789 |
Grafton City Hospital Inc Grafton, WV | $12,579,232 | $20,111,333 |
Lvhn Scranton Orthopedic Specialists Allentown, PA | $3,870,668 | $16,734,711 |
Guthrie Towanda Memorial Hospital Towanda, PA | $0 | $13,772,403 |
Lehigh Valley Hospital - Coordinated Health Bethlehem Allentown, PA | $0 | $23,779,920 |
Caro Community Hospital Caro, MI | $10,951,457 | $15,571,045 |
Geisinger Jersey Shore Hospital Danville, PA | $29,794,644 | $19,405,127 |
Uofl Health-Shelbyville Inc Louisville, KY | $17,393,919 | $16,689,423 |
Harbor Beach Community Hospital Inc Harbor Beach, MI | $11,834,648 | $18,751,051 |
Wayne County Hospital Inc Monticello, KY | $12,751,716 | $22,596,534 |