Marshall County Hospital District
TO PROVIDE MEDICAL CARE TO PEOPLE IN MARSHALL AND SURROUNDING COUNTIES
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$30.9M
Total Expenses
$31.0M
Net Assets
$19.3M
Employees
538
Volunteers
24
Program Expense Ratio
88.5%
This nonprofit profile presents IRS Form 990 tax filing data for Marshall County Hospital District (EIN: 61-0601267), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Marshall County Hospital District is a 501(c)(3) nonprofit headquartered in BENTON, KY, founded in 1978. The organization has held tax-exempt status since 1993. In its 2024 filing, the organization reported $30.9M in total revenue, a 7.0% increase from the prior year, and $31.0M in total expenses. The organization employed 538 people and engaged 24 volunteers. DAVID G FUQUA, CEO, is the highest-compensated individual at $332,227. The organization runs 1 program, totaling $27.4M in program expenses. 5 of 6 recommended governance policies are in place.
Marshall County Hospital District is classified under NTEE code E220. Its foundation type is 12.
Programs(Tax Year 2024)
1 record
Marshall County Hospital District operates 1 program, with total program expenses of $27.4M. Marshall County Hospital District's largest program accounts for 100% of total program spending.
MARSHALL COUNTY HOSPITAL DISTRICT PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO PATIENTS IN MARSHALL COUNTY AND SURROUNDING COUNTIES IN KENTUCKY. IN 2024, THE HOSPITAL HAD 762 ACUTE DAYS, 412 ICU DAYS, AND 97 SWING DAYS.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Marshall County Hospital District's revenue has grown from $24.7M to $30.9M, a 24.7% increase. Program expenses represent 88% of total spending.
Revenue increased 7.0% year-over-year, while expenses grew 7.4%. net assets fell to $19.3M, down 4.2% from the prior year. the organization reduced headcount by 13 employees.
Marshall County Hospital District derives 1% from contributions and grants, with 92% from program services, with 2% from investment income.
Revenue is heavily concentrated: 92% comes from program service revenue, indicating limited diversification.
Marshall County Hospital District allocates 88% to programs, 12% to management and general.
Revenue grew by 7.0% and expenses grew by 7.4% year over year.
Over 6 filings from 2019–2024, Marshall County Hospital District grew revenue from $24.7M to $30.9M (+24.7%) while maintaining a program expense ratio of 88%. During this period, the organization grew from 301 to 538 employees.
Marshall County Hospital District holds $36.7M in total assets against $17.4M in liabilities (debt-to-asset ratio of 48%). The organization has 7.5 months of operating reserves. Cash and equivalents of $5.1M cover approximately 2.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $30.9M | $319K | $0 | $28.4M | $691K |
| 2023 | $28.8M | $0 | $0 | $26.9M | $451K |
| 2022 | $25.6M | $1.4M | $1.3M | $22.8M | $194K |
| 2021 | $28.1M | $2.3M | $2.0M | $24.4M | $116K |
| 2020 | $25.9M | $2.2M | $1.9M | $22.3M | $231K |
| 2019 | $24.7M | $0 | $0 | $23.2M | $274K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $31.0M | $27.4M | $3.6M | $0 | $0 |
| 2023 | $28.8M | $25.6M | $3.2M | $0 | $0 |
| 2022 | $27.3M | $22.6M | $4.7M | $0 | $0 |
| 2021 | $26.6M | $23.3M | $3.3M | $0 | $0 |
| 2020 | $25.0M | $22.4M | $2.6M | $0 | $0 |
| 2019 | $24.9M | $22.3M | $2.5M | $0 | $0 |
Program Expense Ratio
88.5%
Admin Expense Ratio
11.5%
Fundraising Efficiency
—
Operating Reserve
7.5 mo
People & Compensation(Tax Year 2024)
13 records
Marshall County Hospital District reported compensation for 13 officers and key employees. Total officer compensation was $1.6M, representing 5.2% of total expenses.
Marshall County Hospital District's highest-compensated individual received $332K in total compensation. Total officer compensation of $1.6M represents 5.2% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| DAVID G FUQUA | CEO | Officer | 40.00 | $286,648 | $0 | $332,227 |
| JULIA T LYLES | PHYSICIAN | Highest Comp | 40.00 | $239,251 | $0 | $267,244 |
| CHRISTINA M BROWN | PHYSICIAN | Highest Comp | 40.00 | $239,385 | $0 | $244,185 |
| KEN RUNCIMAN | PHYSICIAN | Highest Comp | 40.00 | $181,065 | $0 | $192,154 |
| JANICE KELLEY | CFO | Officer | 40.00 | $149,302 | $0 | $159,488 |
| DIANE KOLENICH | APRN | Highest Comp | 40.00 | $136,879 | $0 | $156,384 |
| APRIL JACKSON | PHYSICIAN | Highest Comp | 40.00 | $134,107 | $0 | $138,372 |
| TIFFANY NICHOLE TUBBS | COO | Officer | 40.00 | $104,198 | $0 | $129,334 |
| LAUREN MANN | CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| BLAKE WISEMAN | SECRETARY | OfficerDirector | 1.00 | $0 | $0 | $0 |
| PAM SIRLS | TREASURER | OfficerDirector | 1.00 | $0 | $0 | $0 |
| PEYTON PORTER | MEMBER | Director | 1.00 | $0 | $0 | $0 |
| JERRY SELLS | MEMBER | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
DAVID G FUQUA
Base Salary
$286,148
Bonus
$500
Other Reportable
—
Retirement/Deferred
$15,937
Nontaxable Benefits
$29,642
CHRISTINA M BROWN
Base Salary
$238,885
Bonus
$500
Other Reportable
—
Retirement/Deferred
$4,800
Nontaxable Benefits
—
JULIA T LYLES
Base Salary
$238,751
Bonus
$500
Other Reportable
—
Retirement/Deferred
$4,994
Nontaxable Benefits
$22,999
KEN RUNCIMAN
Base Salary
$180,815
Bonus
$250
Other Reportable
—
Retirement/Deferred
$3,722
Nontaxable Benefits
$7,367
JANICE KELLEY
Base Salary
$148,802
Bonus
$500
Other Reportable
—
Retirement/Deferred
$3,119
Nontaxable Benefits
$7,067
DIANE KOLENICH
Base Salary
$136,379
Bonus
$500
Other Reportable
—
Retirement/Deferred
$2,761
Nontaxable Benefits
$16,744
Top Contractors(Tax Year 2024)
5 records
Marshall County Hospital District reported 5 contractors receiving over $100,000, with total contractor payments of $2.1M.
| Name | Service | Compensation |
|---|---|---|
| MD PARTNERS PLLC | ER PHYSICIANS | $1,308,989 |
| LEONARD HOHLBEIN | ANESTHESIOLOGY | $325,000 |
| PREMIER SPECIALTY NETWORK | RHEUMATOLOGY | $192,000 |
| SANJAY BOSE MD | CARDIOLOGY | $148,900 |
| AMANDA MASSEY | ANESTHESIOLOGY | $101,000 |
Governance & Compliance(Tax Year 2024)
Marshall County Hospital District has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 5 members, 5 of whom are independent.
Marshall County Hospital District's financial statements are audited, an audit committee oversees the process.
Marshall County Hospital District has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 1993–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $30.9M | $31.0M | $19.3M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $28.8M | $28.8M | $20.1M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $25.6M | $27.3M | $19.4M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $28.1M | $26.6M | $18.2M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $25.9M | $25.0M | $16.7M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $24.7M | $24.9M | $15.8M |
| 1993–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Marshall County Hospital District do?
TO PROVIDE MEDICAL CARE TO PEOPLE IN MARSHALL AND SURROUNDING COUNTIES
How much revenue does Marshall County Hospital District have?
Marshall County Hospital District reported $30,858,447 in total revenue for tax year 2024, up 7.0% from the prior year.
Who is the highest-paid executive at Marshall County Hospital District?
DAVID G FUQUA, CEO, received $332,227 in total compensation as of tax year 2024.
Is Marshall County Hospital District a 501(c)(3)?
Yes, Marshall County Hospital District is classified as a 501(c)(3) tax-exempt organization.
Where is Marshall County Hospital District located?
Marshall County Hospital District is headquartered in BENTON, KY 42025.
How many employees does Marshall County Hospital District have?
Marshall County Hospital District has 538 employees and 24 volunteers as of tax year 2024.
Is Marshall County Hospital District audited?
Yes, Marshall County Hospital District's financial statements are audited, and the organization has an audit committee.
Data Source
Prepared by: LBMC PC, BRENTWOOD, TN
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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