Ashland Hospital Corporation
- Assets
- $776.3m
- Revenue
- $734.8m
- Investments
- $0.0
- Employees
- 4,410
- Location
- Ashland, KY
- Founding
- 06/1945
- Data as of
- 09/2021
- EIN
- 61-0444716
Organization Overview
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 09/2021, King's Daughters Medical Center employed 4,410 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 organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $597.8m during the year ending 09/2021. While expenses have increased by 6.9% per year over the past 6 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 73 individual grants totaling $1,461,852. 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 THROUGH COLLEGE AND BEYOND. CONTINUED ON SCHEDULE O.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. 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 IMPACT 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, KICKOFF CARAVAN 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 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 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 AND TWO ADDITIONAL FLEXIBLE MOBILE UNITS PROVIDING A WIDE RANGE OF SERVICES INCLUDING OCCUPATIONAL MEDICINE SERVICES, HEALTH SCREENINGS, PFTS, AND OTHER SERVICES TRAVELING THROUGHOUT THE REGION. INCREASING ACCESS TO FRESH, HEALTHY FOODS THROUGH SPONSORSHIP OF THE BOYD COUNTY FARMERS MARKET IN DOWNTOWN ASHLAND AND AT KING'S DAUGHTERS MEDICAL CENTER OHIO. INCREASING BLOOD DONATION THROUGH A PARTNERSHIP WITH THE KENTUCKY BLOOD CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristie Whitlatch Non-Voting President/ceo | OfficerTrustee | 51.25 | $935,505 |
Autumn Mcfann Non-Voting Treasurer, Vp/cfo | OfficerTrustee | 51.25 | $488,592 |
Sheryl Mahaney Non-Voting Secretary, Vp/chief Legal | OfficerTrustee | 51.25 | $482,139 |
Sara Marks Vp/coo | Officer | 51.25 | $421,725 |
Patrick Ball DO Physician | 40 | $390,637 | |
Charles Conley DO Physician | 40 | $345,718 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Riverside Anesthesia Anesthesia Services | 9/29/21 | $7,434,218 |
Obhg Kentucky Psc Hospitalists | 9/29/21 | $1,206,684 |
Vanantwerp Attorneys Llp Lawyers | 9/29/21 | $812,102 |
Medical Waste Services Llc Medical Waste Disposal | 9/29/21 | $572,949 |
Emcare Inc Emergency Room Physicians | 9/29/21 | $913,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $32,055 |
| Government grants | $8,586,906 |
| All other contributions, gifts, grants, and similar amounts not included above | $859,604 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,478,565 |
| Total Program Service Revenue | $694,864,019 |
| 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 organizations and domestic governments. | $384,626 |
| 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 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 | $11,936,831 |
| 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 |
| Net Land, buildings, and equipment | $247,257,922 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $776,253,929 |
Grants Awarded
Over the last fiscal year, Ashland Hospital Corporation has awarded $311,118 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COMMONWEALTH OF KENTUCKY ( TEAM KY COVID MEMORIAL FUND) PURPOSE: DONATION TO TEAM KY COVID 19 MEMORIAL FUND | $75,000 |
Ashland, KY PURPOSE: FOODBANK SUPPORT | $66,604 |
Ashland, KY PURPOSE: SUPPORT OF 1 NURSING FACULTY POSITION | $60,000 |
Ashland, KY PURPOSE: PROVIDE FOOD TO SENIOR CITIZENS IN OUR COMMUNITY THROUGH MEALS ON WHEELS. DONATION OF AEDS. | $37,692 |
Ashland, KY PURPOSE: CONTRIBUTION TO ANNUAL FUNDRAISING CAMPAIGN | $27,079 |
Ashland, KY PURPOSE: SPONSORSHIP OF COMMUNITY EVENT | $9,800 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ashland Hospital Corporation has recieved totaling $242,321.
| Awarding Organization | Amount |
|---|---|
Bon Secours Mercy Health Foundation Cincinnati, OH PURPOSE: Program Support | $233,776 |
Covington Scottish Rite Foundation Inc Covington, KY PURPOSE: CHILDREN MEDICAL | $8,545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |