Ashland Hospital Corporation, operating under the name King's Daughters Medical Center, is located in Ashland, KY. The organization was established in 1945. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2022, King's Daughters Medical Center employed 4,844 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King's Daughters Medical Center 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 09/2021, King's Daughters Medical Center generated $734.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $597.8m during the year ending 09/2021. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, King's Daughters Medical Center has awarded 91 individual grants totaling $1,926,021. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMMUNITY HEALTHCARE SERVICES. TO CARE. TO SERVE. TO HEAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCATED IN ASHLAND, KY., KING'S DAUGHTERS MEDICAL CENTER HAS BEEN SERVING THE PEOPLE OF NORTHEASTERN KENTUCKY, SOUTHERN OHIO, AND WESTERN WEST VIRGINIA FOR MORE THAN 120 YEARS. OUR FOCUS HAS ALWAYS BEEN ON HEALING THE SICK; IMPROVING QUALITY AND LENGTH OF LIFE; BUILDING HEALTHY COMMUNITIES; AND MEETING THE EVER-CHANGING HEALTHCARE NEEDS OF OUR REGION. AS ONE OF THE AREA'S LARGEST EMPLOYERS, KING'S DAUGHTERS IS AN IMPORTANT PART OF THE REGION'S INFRASTRUCTURE, ENSURING LOCAL ACCESS TO HIGH-QUALITY HEALTHCARE SERVICES; PROVIDING STABLE JOBS; ENCOURAGING ECONOMIC DEVELOPMENT; AND SUPPORTING EDUCATION FROM PRE-SCHOOL TO SENIOR CITIZENS. KING'S DAUGHTERS PROVIDES COMPREHENSIVE HEALTHCARE IN THE FOLLOWING SPECIALTIES: HEART AND VASCULAR; ORTHOPEDICS AND SPORTS MEDICINE; DIGESTIVE HEALTH; SURGICAL SERVICES AND BARIATRICS; BEHAVIORAL MEDICINE/PSYCHIATRIC; ONCOLOGY; MATERNITY, WOMEN'S CARE AND PEDIATRICS; PULMONOLOGY; AND PRIMARY CARE. KING'S DAUGHTERS IS COMPRISED OF TWO ACUTE-CARE HOSPITALS TOTALING 465 LICENSED BEDS; AN INTEGRATED NETWORK OF MORE THAN 400 PHYSICIANS AND ADVANCED PRACTITIONERS; 80 AMBULATORY CENTERS AND PRACTICE LOCATIONS OFFERING BOTH PRIMARY AND SPECIALTY CARE THROUGHOUT EASTERN KENTUCKY AND SOUTHERN OHIO. OUR GEOGRAPHICALLY DISTRIBUTED NETWORK OF PRIMARY CARE AND SPECIALIST PHYSICIANS, ALONG WITH DIAGNOSTIC CENTERS, HELPS ENSURE ACCESSIBLE, CONVENIENT HEALTHCARE SERVICES FOR PEOPLE WHERE THEY LIVE AND WORK. KING'S DAUGHTERS, ALONG WITH ITS TEAM MEMBERS, IS DEEPLY INVOLVED IN SUPPORTING PROGRAMS THAT IMPACTS THE HEALTH, WELL-BEING, AND ECONOMIC DEVELOPMENT OF THE COMMUNITY. - PROVIDING FREE IN-PERSON HEALTH SCREENINGS COVERING TOPICS RANGING FROM HEART DISEASE TO JOINT HEALTH TO SLEEP DISORDERS AND SKIN CANCER.- OFFERING FREE, ONLINE HEALTH RISK ASSESSMENTS AND SUPPORT GROUPS.- SPONSORING OR PARTICIPATING IN COMMUNITY EVENTS SUCH AS STRIKE-OUT STROKE, AND FREE FLU VACCINATIONS.- PROVIDING FREE SPORTS PHYSICALS TO YOUNG ATHLETES AT SCHOOLS THROUGHOUT OUR REGION; PLACING CERTIFIED ATHLETIC TRAINERS AT SCHOOLS; AND OFFERING WALK-IN ORTHOPEDIC AND SATURDAY MORNING SPORTS CLINICS.- PURCHASING AND DONATING AUTOMATED EXTERNAL DEFIBRILLATORS (AEDS) AND ANCILLARY EQUIPMENT (BATTERIES, PADS) TO FIRST-RESPONDERS AND LOCAL ORGANIZATIONS THROUGHOUT OUR SERVICE AREA.- EXTENSIVE EFFORTS TO INCREASE COMMUNITY AWARENESS OF AND/OR COMPLIANCE WITH SCREENING RECOMMENDATIONS FOR COMMON HEALTH ISSUES INCLUDING BREAST, LUNG, AND COLORECTAL CANCERS; STROKE; HEART DISEASE; AND MENTAL HEALTH AND SUBSTANCE ABUSE DISORDERS. - OFFERING 3D MAMMOGRAPHY THROUGHOUT OUR REGION THROUGH STATIONARY LOCATIONS AT KING'S DAUGHTERS MEDICAL CENTER AND KING'S DAUGHTERS OHIO.- PROVIDING MOBILE HEALTH SERVICES ABOARD OUR MOBILE MAMMOGRAPHY OFFERING 3D IMAGES AND TWO ADDITIONAL FLEXIBLE MOBILE UNITS PROVIDING A WIDE RANGE OF SERVICES INCLUDING OCCUPATIONAL MEDICINE SERVICES, HEALTH SCREENINGS, EKG'S, PFTS, AND OTHER SERVICES TRAVELING THROUGHOUT THE REGION. - INCREASING ACCESS TO FRESH, HEALTHY FOODS THROUGH SPONSORSHIP OF THE BOYD, CARTER, GREENUP COUNTIES IN KY AND LAWRENCE COUNTY OH FARMERS MARKETS.- INCREASING BLOOD DONATION THROUGH PARTNERSHIPS WITH THE KENTUCKY BLOOD CENTER AND THE RED CROSS. - DONATING FOOD TO LOCAL FOOD BANKS TO ADDRESS THE FOOD INSECURITY ISSUE IN OUR AREA.- PROVIDING FREE TRANSPORTATION TO HEALTH CARE VISITS FOR INDIVIDUALS THAT LACK DEPENDABLE TRANSPORTATION. - PROVIDING MEALS ON WHEELS SERVICES IN SEVERAL BOYD AND GREENUP COUNTY COMMUNITIES FOR FREE TO INDIVIDUALS LIVING BELOW THE POVERTY LINE AND AT AN AFFORDABLE COST TO INDIVIDUALS THAT CAN AFFORD TO PAY. - SPONSORING AND PARTNERING WITH DOZENS OF OTHER ORGANIZATIONS TO HELP FURTHER EDUCATIONAL OPPORTUNITIES, PHYSICAL ACTIVITY, SOCIAL INTERACTION AND ECONOMIC DEVELOPMENT IN THE COMMUNITIES WE SERVE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Jones Board Chairman | OfficerTrustee | 2 | $0 |
Dr Mark Newman Board Vice-Chairman | OfficerTrustee | 2 | $0 |
John Stewart Director | Trustee | 0.25 | $0 |
Tom Burnette Director | Trustee | 0.25 | $0 |
Stephen Addington Director | Trustee | 0.25 | $0 |
Eric Monday Director | Trustee | 0.25 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Riverside Anesthesia Anesthesia Services | 9/29/22 | $8,847,101 |
Harris Brothers Roofing Co Construction Services | 9/29/22 | $1,323,395 |
Obhg Kentucky Psc Hospitalists | 9/29/22 | $1,281,519 |
Emcare Inc Emergency Room Physicians | 9/29/22 | $842,979 |
Bass Berry & Sims Plc Consultants | 9/29/22 | $738,093 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $9,478,565 |
Investment income | $4,853,979 |
Tax Exempt Bond Proceeds | $5 |
Royalties | $0 |
Net Rental Income | $339,036 |
Net Gain/Loss on Asset Sales | $21,428,774 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $734,768,924 |
Statement of Expenses | |
---|---|
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. | $5,040,354 |
Compensation to disqualified persons | $38,398 |
Other salaries and wages | $205,520,015 |
Pension plan accruals and contributions | $9,680,513 |
Other employee benefits | $36,390,780 |
Payroll taxes | $15,315,471 |
Fees for services: Management | $5,290,019 |
Fees for services: Legal | $2,285,229 |
Fees for services: Accounting | $60,000 |
Fees for services: Lobbying | $28,476 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $576,853 |
Fees for services: Other | $50,478,196 |
Advertising and promotion | $1,787,873 |
Office expenses | $2,771,618 |
Information technology | $3,421,510 |
Royalties | $0 |
Occupancy | $7,666,242 |
Travel | $89,158 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $28,213 |
Interest | $10,551,427 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $23,504,550 |
Insurance | $10,620,122 |
All other expenses | $0 |
Total functional expenses | $597,796,181 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $24,188,762 |
Savings and temporary cash investments | $25,828,434 |
Pledges and grants receivable | $1,160,072 |
Accounts receivable, net | $72,317,227 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,098,276 |
Inventories for sale or use | $14,435,120 |
Prepaid expenses and deferred charges | $5,201,343 |
Investments—publicly traded securities | $325,905,680 |
Investments—other securities | $0 |
Investments—program-related | $5,013,605 |
Intangible assets | $788,715 |
Other assets | $53,058,773 |
Total assets | $776,253,929 |
Accounts payable and accrued expenses | $68,914,028 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $205,876,098 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $3,404,951 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $132,683,740 |
Total liabilities | $410,878,817 |
Net assets without donor restrictions | $365,375,112 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $365,375,112 |
Over the last fiscal year, Ashland Hospital Corporation has awarded $464,169 in support to 18 organizations.
Grant Recipient | Amount |
---|---|
THE COMMUNITY & TECHNICAL COLLEGE FOUNDATION OF ASHLAND INC PURPOSE: SUPPORT OF 2 NURSING AND 1 RADIOLOGY TECH FACULTY POSITIONS | $152,200 |
ASHLAND COMMUNITY KITCHEN PURPOSE: PROVIDE FOOD TO SENIOR CITIZENS IN OUR COMMUNITY THROUGH MEALS ON WHEELS | $27,789 |
RIVER CITIES HARVEST PURPOSE: FOODBANK SUPPORT | $77,457 |
SUMMER MOTION INC PURPOSE: SPONSORSHIP OF COMMUNITY EVENT | $15,000 |
NEIGHBORS HELPING NEIGHBORS PURPOSE: SPONSORSHIP OF FUNDRAISING EVENTS | $6,000 |
PARAMOUNT ARTS CENTER PURPOSE: SPONSORSHIP OF FUNDRAISING EVENTS | $14,000 |