Nonprofits/Organizations/61-1157518
Active
501(c)(3)
E22I
Form 990

Marshall County Hospital and Healthcare Foundation Inc

DBA: MARSHALL COUNTY HOSPITAL & HEALTHCARE

EIN 61-1157518BENTON, KY 42025Founded 1990WebsiteIRS Tax Year 2024 · Period ending December 31, 2024
Mission Statement

SOLICIT CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF MARSHALL COUNTY HOSPITAL DISTRICT

IRS Tax Year 2024

Period ending December 31, 2024

Total Revenue

$485K

-24.6%YoY

Total Expenses

$320K

+31317.7%YoY

Net Assets

$3.1M

+5.7%YoY

Employees

0

Grants Paid

$320K

Program Expense Ratio

100.0%

This nonprofit profile presents IRS Form 990 tax filing data for Marshall County Hospital and Healthcare Foundation Inc (EIN: 61-1157518), 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, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.

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RoundPaper IndicatorsTax Year 2024

Financial Health

Revenue declined -24.6% to $485K
Program spending ratio of 100.0% — excellent
115.7 months of operating reserves — strong cushion
Expenses increased +31317.7% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
5-member board, 5 independent

Compensation

Top compensation: $332,227 (CEO)
Top exec pay is 103.7% of total expenses — elevated
Schedule J filed for 2 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
100.0% of spending goes to programs
No programs generate independent revenue
$320K in grants paid to other organizations

Financial Stability

Debt-to-asset ratio of 0.0% — low leverage
0.0 months cash runway — tight liquidity
Revenue diversification: well diversified
Net assets consistently growing over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
Family or business relationships among officers/directors

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

Marshall County Hospital and Healthcare Foundation Inc is a 501(c)(3) nonprofit headquartered in BENTON, KY, founded in 1990. The organization has held tax-exempt status since 1990. In its 2024 filing, the organization reported $485K in total revenue, a 24.6% decrease from the prior year, and $320K in total expenses. DAVID G FUQUA, CEO, is the highest-compensated individual at $332,227. The organization runs 1 program, totaling $320K in program expenses. 3 of 6 recommended governance policies are in place.

Marshall County Hospital and Healthcare Foundation Inc is classified under NTEE code E22I. Its foundation type is 17.

Programs(Tax Year 2024)

1 record

Programs Overview

Marshall County Hospital and Healthcare Foundation Inc operates 1 program, with total program expenses of $320K. Marshall County Hospital and Healthcare Foundation Inc's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $320,461

THE FOUNDATION SOLICITS CHARITABLE CONTRIBUTIONS TO BE USED FOR THE BENEFIT OF MARSHALL COUNTY HOSPITAL DISTRICT, AN EXEMPT HOSPITAL.

Financial Overview(Tax Years 2019–2024)

6 records

Financial Highlights

Over the past 6 years, Marshall County Hospital and Healthcare Foundation Inc's revenue has grown from $70K to $485K, a 598.0% increase. Program expenses represent 100% of total spending.

Revenue decreased 24.6% year-over-year, while expenses grew 31317.7%. net assets rose to $3.1M, up 5.7% from the prior year.

Marshall County Hospital and Healthcare Foundation Inc derives 78% from contributions and grants, with 22% from investment income.

Revenue is primarily driven by contributions and grants (78%), with investment income at 22%.

Revenue declined by 24.6% and expenses grew by 31317.7% year over year.

Marshall County Hospital and Healthcare Foundation Inc distributed $320K in grants to other organizations and individuals, representing 100% of total expenses.

Over 6 filings from 2019–2024, Marshall County Hospital and Healthcare Foundation Inc grew revenue from $70K to $485K (+598.0%) while maintaining a program expense ratio of 100%.

Marshall County Hospital and Healthcare Foundation Inc holds $3.1M in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 115.7 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2024$485K$376K$0$0$109K
2023$644K$547K$0$0$97K
2022$33K$9K$0$0$24K
2021$20K$4K$0$0$17K
2020$55K$7K$0$0$48K
2019$70K$7K$0$0$63K

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2024$320K$320K$0$0$320K
2023$1K$1K$0$0$0
2022$22K$22K$0$0$21K
2021$268K$268K$0$0$268K
2020$275K$275K$0$0$274K
2019$2K$2K$0$0$1K

Program Expense Ratio

100.0%

Admin Expense Ratio

0.0%

Fundraising Efficiency

Operating Reserve

115.7 mo

People & Compensation(Tax Year 2024)

7 records

Compensation Summary

Marshall County Hospital and Healthcare Foundation Inc reported compensation for 7 officers and key employees. Total officer compensation was $492K, representing 153.4% of total expenses.

Marshall County Hospital and Healthcare Foundation Inc's highest-compensated individual received $332K in total compensation. Total officer compensation of $492K represents 153.4% of total expenses.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
DAVID G FUQUACEO
Officer
1.00$0$286,648$332,227
JANICE KELLEYCFO
Officer
1.00$0$149,302$159,488
BLAKE WISEMANSECRETARY
OfficerDirector
1.00$0$0$0
PAM SIRLSTREASURER
OfficerDirector
1.00$0$0$0
LAUREN MANNCHAIR
OfficerDirector
1.00$0$0$0
PEYTON PORTERMEMBER
Director
1.00$0$0$0
JERRY SELLSMEMBER
Director
1.00$0$0$0

Compensation Breakdown

Schedule J detail — base, bonus, benefits, and executive perks

DAVID G FUQUA

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

JANICE KELLEY

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Governance & Compliance(Tax Year 2024)

Governance Snapshot

Marshall County Hospital and Healthcare Foundation Inc has 3 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 and Healthcare Foundation Inc's financial statements are audited, an audit committee oversees the process.

Marshall County Hospital and Healthcare Foundation Inc has family or business relationships among officers, directors, or key employees.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members5
Independent members5

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Grants Awarded(Tax Year 2024)

1 record

Grantmaking Summary

Marshall County Hospital and Healthcare Foundation Inc awarded $319K across 1 grant to organizations. Top recipients include MARSHALL COUNTY HOSPITAL DISTRICT (BENTON, KY) — $319K for support for operations.

Organization Grants

RecipientLocationAmountPurpose
MARSHALL COUNTY HOSPITAL DISTRICT610601267BENTON, KY$319KSUPPORT FOR OPERATIONS

Filing History(Tax Years 1990–2024)

6 records

Showing the 6 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2024
990
2024-01-01 – 2024-12-31$485K$320K$3.1M
2023
990
2023-01-01 – 2023-12-31$644K$1K$2.9M
2022
990
2022-01-01 – 2022-12-31$33K$22K$2.3M
2021
990
2021-01-01 – 2021-12-31$20K$268K$2.3M
2020
990
2020-01-01 – 2020-12-31$55K$275K$2.5M
2019
990
2019-01-01 – 2019-12-31$70K$2K$2.7M
1990–2018No filings acquired yet

Frequently Asked Questions

What does Marshall County Hospital and Healthcare Foundation Inc do?

SOLICIT CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF MARSHALL COUNTY HOSPITAL DISTRICT

How much revenue does Marshall County Hospital and Healthcare Foundation Inc have?

Marshall County Hospital and Healthcare Foundation Inc reported $485,490 in total revenue for tax year 2024, down 24.6% from the prior year.

Who is the highest-paid executive at Marshall County Hospital and Healthcare Foundation Inc?

DAVID G FUQUA, CEO, received $332,227 in total compensation as of tax year 2024.

Is Marshall County Hospital and Healthcare Foundation Inc a 501(c)(3)?

Yes, Marshall County Hospital and Healthcare Foundation Inc is classified as a 501(c)(3) tax-exempt organization.

Where is Marshall County Hospital and Healthcare Foundation Inc located?

Marshall County Hospital and Healthcare Foundation Inc is headquartered in BENTON, KY 42025.

Is Marshall County Hospital and Healthcare Foundation Inc audited?

Yes, Marshall County Hospital and Healthcare Foundation Inc's financial statements are audited, and the organization has an audit committee.

Does Marshall County Hospital and Healthcare Foundation Inc give grants?

Yes, Marshall County Hospital and Healthcare Foundation Inc distributed $320,461 in grants to other organizations and individuals in tax year 2024. Top recipients include MARSHALL COUNTY HOSPITAL DISTRICT.

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.

Publicly available IRS data
Verified filing records
Updated quarterly
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