Ashland Hospital Corporation is a 501(c)(3) organization based in Ashland, Kentucky, registered in 1945, with $976,812,883 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
Revenue (FY2023)
$976.8M
▲ 28.1% vs prior year
Health median: $840K
Expenses (FY2023)
$805.7M
Net assets
$931.3M
Employees
5,676
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ashland Hospital Corporation: 87% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ashland Hospital Corporation: 14 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ashland Hospital Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ashland Hospital Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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To provide community healthcare services. to care. to serve. to heal.
Revenue grew from $427.2M (FY2013) to $976.8M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
17.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$409.7M
Net assets
$931.3M
Salaries & benefits
$392.2M
49% of expenses
Board members
10
9 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $976,812,883▲28.1% | $805,676,074▲42.2% | $931,301,705▲19.9% | $1,341,036,066▲13.2% | 990 |
| 2022 | $762,357,164▼10.7% | $566,525,812▼18.1% | $777,001,303▲68.2% | $1,184,563,830▲35.3% | 990 |
| 2021 | $854,143,689▲16.2% | $691,470,352▲15.7% | $461,885,247▲26.4% | $875,286,431▲12.8% | 990 |
| 2020 | $734,768,924▲48.8% | $597,796,181▲29.1% | $365,375,112▼9.8% | $776,253,929▼4.2% | 990 |
| 2019 | $493,862,252▲9.9% | $463,223,600▲8.1% | $404,969,545▲8.5% | $810,355,083▲17.0% | 990 |
| 2018 | $449,332,256▲3.4% | $428,539,365▲2.5% | $373,104,150▲2.1% | $692,505,967▲2.4% | 990 |
| 2017 | $434,494,328▲2.4% | $418,069,156▼1.8% | $365,541,957▲4.5% | $676,221,177▲0.7% | 990 |
| 2016 | $424,175,528▲2.7% | $425,676,369▲6.2% | $349,765,198▲5.4% | $671,315,108▲0.9% | 990 |
| 2015 | $412,845,282▲1.1% | $400,661,364▲1.1% | $331,929,025▲1.0% | $665,564,914▼1.1% | 990 |
| 2014 | $408,305,175▼4.4% | $396,205,268▼8.8% | $328,796,623▼5.0% | $673,175,591▼5.6% | 990 |
| 2013 | $427,249,604 | $434,348,026▼6.8% | $346,264,478▼17.0% | $713,114,773▼13.3% | 990 |
| 2012 | — | $465,791,174▼9.9% | $417,425,293▼5.2% | $822,243,145▼1.6% | 990 |
| 2011 | — | $517,190,060▲0.7% | $440,136,565▲11.7% | $835,789,288▲5.9% | 990 |
| 2010 | — | $513,761,860▼3.9% | $394,190,905▲5.9% | $789,113,026▲1.3% | 990 |
| 2009 | — | $534,468,619 | $372,237,732 | $778,947,132 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Sara Marks — $979,730 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sara Marks | President/ceo | 51.25 | $979,730 |
| Scott Moore | Physician | 40 | $957,205 |
| Autumn Mcfann | Teasurer, Senior Vp/chief Financial and Administra | 51.25 | $881,584 |
| Pho Nguyen | Physician | 40 | $851,066 |
| Erik Fraley | Physician | 40 | $835,760 |
| Dhirenkumar Desai | Physician | 40 | $780,588 |
| Amanda Romesberg | Physician | 40 | $727,742 |
| Ryan Ison | Vp Integrated Practices | 45 | $414,915 |
| Amy Saunders | Assistant Secretary | 42 | $250,853 |
| Charbel Salem | Vp/chief Population Health Officer, Physician | 0.25 | — |
| Craig Collins | Board of Directors | 0.25 | — |
| David Jones | Chairman, Board of Directors | 2 | — |
| Eric Monday | Board of Directors | 0.25 | — |
| Gina Dugas | Board of Directors | 0.25 | — |
| James Detherage | Vp / Cmo of Outpatient and Integrated Practices, P | 0.25 | — |
| John Stewart | Board of Directors | 0.25 | — |
| Mark Birdwhistell | Board of Directors | 0.25 | — |
| Penny Cox | Board of Directors | 0.25 | — |
| Richard Ford | Vp / Cmo of Inpatient / Procedural Services, Physi | 0.25 | — |
| Robert Dipaola | Baord of Directors | 0.25 | — |
| Contractor | Services | Paid |
|---|---|---|
| The Robins & Morton Group | Construction | $18,698,108 |
| Obhg Kentucky Psc | Hospitalists | $1,622,171 |
| Elevate Pfs Holdings | Consultants | $1,111,875 |
| Banyan Medical Systems LLC | Virtual Care | $1,058,988 |
| Stites & Harbison Pllc | Attorneys | $901,632 |
5 grants to Ashland Hospital Corporation totaling $313K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American College of Cardiology Foundation | — | 2023 | $20,500 |
| American College of Cardiology Foundation | Afc quality initiative award | 2022 | $41,000 |
| Bon Secours Mercy Health Foundation | Program support | 2021 | $233,776 |
| University Physicians & Surge Ons Inc | Donations & sponsorships | 2016 | $12,500 |
| University Physicians & Surge Ons Inc | Donations & sponsorships | 2015 | $5,000 |
17 grants totaling $415K in FY2023 — showing the 15 largest. All grants made by Ashland Hospital Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Community & Technical College Foundation of Ashland Inc | Support of 2 nursing faculty positions and support of a community event | $90,500 |
| Ashland Community Kitchen Inc | Provide food to senior citizens in our community through meals on wheels. food was also donated to a community food drive. the cash donation was in support of a community event. | $53,524 |
| River Cities Harvest Inc | Foodbank support | $51,134 |
| The Ashland Putnam Stadium Restoration Foundation Inc | Support of local restoration of historic site | $50,000 |
| Neighbors Helping Neighbors Inc | Sponsorship of 3 fundraising events. support of salary for security officer to improve safety around facility | $34,669 |
| Community Assistance Referral Services Inc | Support of staff for self sufficiency program to combat homelessness in our community | $30,000 |
| Paramount Arts Center Inc | Sponsorship of 2 community events and a suicide prevention forum | $21,500 |
| United Way of Northeast Kentucky | Development of food program in local school districts to fight hunger. support of annual fundraising drive for agency, | $12,375 |
| Highlands Museum & Discovery Inc | Sponsorhip of a fundraising event. | $11,000 |
| Shaping Our Appalachian Region Inc | Sponsorship of community events | $10,000 |
| American National Red Cross | Support of local communities impacted by severe storms/tornado. support of local blood drives. | $9,338 |
| Safe Harbor of Northeast Kentucky Inc | Sponsorship of community events. | $8,100 |
| Ashland Alliance Corporation | Support of community economic development and youth leadership event | $7,573 |
| Kings Daughters Health Foundation Inc | Support of fundraising events | $7,500 |
| Scioto County Agricultural Society | Sponsorship of county fair & agriculture | $7,000 |
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Data for Ashland Hospital Corporation (EIN 61-0444716) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.