Flaget Healthcare Inc
501(c)(3) Donations tax-deductible
84% goes to programs $0 to raise $100 Strong reserves Growing revenue
Flaget Healthcare Inc is a 501(c)(3) organization based in Bardstown, Kentucky, registered in 1946, with $106,829,568 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
4305 New Shepherdsville Rd, Bardstown, KY, 40004 EIN 61-1345363 Since 1946
Revenue (FY2023)
$106.8M
▲ 19.5% vs prior year
Expenses (FY2023)
$90.1M
Net assets
$76.0M
Employees
575
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $0 to raise $100
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 Flaget Healthcare Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +16% margin
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 Flaget Healthcare Inc: 10 mo reserves · +16% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Flaget Healthcare Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Flaget Healthcare Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The hospital's vision is to be the premier, integrated, comprehensive health system in the community providing high quality care close to home, reducing the incidence of disease and eliminating the inequities in access to healthcare.
Contact & location
Financial trends
Revenue grew from $93.7M (FY2013) to $106.8M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $15.5MNet assets $76.0M
Operating margin
15.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$91.5M
Total liabilities
$15.5M
Net assets
$76.0M
Salaries & benefits
$32.6M
36% of expenses
Board members
15
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $106,829,568▲19.5% | $90,084,295▲6.0% | $76,006,518▲21.8% | $91,533,577▲21.1% | 990 |
| 2022 | $89,413,132▼5.2% | $84,983,233▲6.0% | $62,414,140▼62.3% | $75,565,905▼59.6% | 990 |
| 2021 | $94,332,383▲19.4% | $80,141,140▲8.3% | $165,555,726▲15.4% | $186,894,683▲7.8% | 990 |
| 2020 | $79,013,923▲4.1% | $73,975,634▲14.7% | $143,503,194▼20.1% | $173,311,439▼22.0% | 990 |
| 2018 | $75,928,595▼2.2% | $64,484,540▼4.1% | $179,604,332▲6.8% | $222,327,559▲9.1% | 990 |
| 2017 | $77,638,459▼2.6% | $67,238,762▼2.8% | $168,160,277▲6.6% | $203,765,695▲11.1% | 990 |
| 2016 | $79,685,570▼3.2% | $69,145,057▲2.3% | $157,742,034▲7.2% | $183,396,916▲1.0% | 990 |
| 2015 | $82,290,863▲3.5% | $67,586,640 | $147,201,521▲11.1% | $181,492,782▲9.9% | 990 |
| 2014 | $79,504,598▼15.2% | $67,615,754▼14.3% | $132,497,298▲9.6% | $165,173,780▲12.4% | 990 |
| 2013 | $93,710,501 | $78,921,892▲9.9% | $120,891,918▲7.4% | $147,013,909▲6.9% | 990 |
| 2012 | — | $71,831,993▲3.6% | $112,523,319▲16.2% | $137,547,515▲15.4% | 990 |
| 2011 | — | $69,342,666▲9.3% | $96,832,947▲14.3% | $119,201,969▲9.9% | 990 |
| 2010 | — | $63,445,437▲7.6% | $84,739,473▲28.8% | $108,446,354▲15.9% | 990 |
| 2009 | — | $58,978,521 | $65,782,798 | $93,574,396 | 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.
Leadership & compensation (FY2023)
Highest-paid: Hannah Hall Md — $399,296 (0.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Hannah Hall Md | Physician | 40 | $399,296 |
| Carmen Folmar Md | Physician | 40 | $312,652 |
| Michelle Mattingly | Director, Pharmacy | 40 | $228,951 |
| Elijah Martin | Physicist | 5 | $26,164 |
| Chelangat Chelule | Clinical Flex Rn | 5 | $1,414 |
| Adeline Fehribach | Director | 1 | — |
| Anthony Houston | Director/market President (partial Year) | 1 | — |
| Christy Spitser | Treasurer/market Vp of Finance | 1 | — |
| Daniel Rodrique Md | Director | 1 | — |
| Daryl Love | Director | 1 | — |
| Eric Miller | Former Hce | 0 | — |
| Fr Norman Fischer | Director | 1 | — |
| Granetta Blevins | Director | 1 | — |
| Jennifer Nolan | President Flaget | 50 | — |
| Kevin Smith | Director | 1 | — |
| Kim Potter-blair | Director | 1 | — |
| Larry Schumacher | Director/svp-operations (partial Year) | 1 | — |
| Martha Jones | Director/immediate Past Chair | 1 | — |
| Mary-alicha Weldon | Chair | 5 | — |
| Melissa Moore Murphy | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sound Physicians | Emergency Physician Call Coverage | $1,598,189 |
| Cross Country Staffing Inc | Staffing Services | $732,978 |
| Commonwealth Anesthesia | Anesthesia Services | $568,557 |
| Comphealth | Staffing Services | $537,719 |
| Ballard Wright Md Psc | Medical Services | $433,333 |
Grants received · $1.1M total
4 grants to Flaget Healthcare Inc totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Commonspirit Health | Violence prevention | 2015 | $98,229 |
| Jewish Hospital & St Marys Healthcare Inc | General support | 2014 | $965,585 |
| Commonspirit Health | Violence prevention design | 2014 | $15,600 |
| Commonspirit Health | Bardstown at home | 2014 | $14,730 |
Grants made · $41K in FY2023
3 grants totaling $41K in FY2023. All grants made by Flaget Healthcare Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Isaac W Bernheim Foundation Inc | Program support | $18,500 |
| Nelson County Economic Development Agency Inc | Sponsorship | $12,500 |
| St Vincent De Paul Outreach Ministries | Program support | $10,000 |
Frequently asked questions
- Is Flaget Healthcare Inc a legitimate nonprofit?
- Yes. Flaget Healthcare Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-1345363, based in Bardstown, Kentucky. Donations are tax-deductible.
- What is Flaget Healthcare Inc's EIN?
- Flaget Healthcare Inc's Employer Identification Number (EIN) is 61-1345363.
- How much revenue does Flaget Healthcare Inc report?
- Flaget Healthcare Inc reported $106,829,568 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Flaget Healthcare Inc's spending goes to programs?
- Flaget Healthcare Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Flaget Healthcare Inc have?
- CharityIndex grades Flaget Healthcare Inc A, based on program efficiency and fundraising cost.
- How much does Flaget Healthcare Inc's highest-paid employee make?
- The highest reported compensation on Flaget Healthcare Inc's latest Form 990 is $399,296, paid to Hannah Hall Md (Physician).
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Data for Flaget Healthcare Inc (EIN 61-1345363) 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.