Harrison Memorial Hospital
90% goes to programs $0 to raise $100 Growing revenue
Harrison Memorial Hospital is a 501(c)(3) organization based in Cynthiana, Kentucky, registered in 1929, with $102,428,601 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
1210 Ky Hwy 36 E, Cynthiana, KY, 41031 EIN 61-0420440 Since 1929
Revenue (FY2023)
$102.4M
▲ 17.0% vs prior year
Health median: $840K
Expenses (FY2023)
$101.9M
Net assets
$35.1M
Employees
762
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 rating90% 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 Harrison Memorial Hospital: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +1% 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 Harrison Memorial Hospital: 4 mo reserves · +1% 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 Harrison Memorial Hospital: 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 Harrison Memorial Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Harrison memorial hospital exists for the purpose of providing high quality health and medical care services to the people of harrison and surrounding counties of out region within the capabilities of our resources. in fulfilling this mission, we strive for excellence in: the care we deliver; in patient safety; in the facilities we provide; in the recruitment, retention, and development of dedicated physicians and personnel; in facilitating, coordinating and providing access to general and specialized health services through our own resources and in collaboration with the resources of others.
Contact & location
- Address
- 1210 Ky Hwy 36 E, Cynthiana, KY, 41031
- City
- Cynthiana
- State
- Kentucky
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $37.7M (FY2013) to $102.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $47.6MNet assets $35.1M
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$82.7M
Total liabilities
$47.6M
Net assets
$35.1M
Salaries & benefits
$50.1M
49% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $102,428,601▲17.0% | $101,882,755▲22.3% | $35,067,785▲4.4% | $82,712,482▲2.1% | 990 |
| 2022 | $87,548,131▲18.6% | $83,288,502▲14.0% | $33,600,185▲18.7% | $81,037,572▲9.8% | 990 |
| 2021 | $73,818,873▼4.1% | $73,056,836▲1.4% | $28,298,505▼17.5% | $73,787,957▼12.7% | 990 |
| 2020 | $76,979,418▲9.7% | $72,061,791▲11.9% | $34,303,422▲16.6% | $84,559,836▲3.6% | 990 |
| 2019 | $70,143,142▲10.3% | $64,415,206▲1.0% | $29,424,850▲24.8% | $81,624,287▲21.7% | 990 |
| 2018 | $63,612,785▲3.2% | $63,796,479▲4.2% | $23,575,874▼0.2% | $67,069,140▲0.5% | 990 |
| 2017 | $61,663,118▲7.6% | $61,235,082▲10.7% | $23,615,411▲1.0% | $66,723,791▲1.9% | 990 |
| 2016 | $57,306,916▲16.5% | $55,315,534▲17.3% | $23,387,582▲8.3% | $65,449,580▲11.3% | 990 |
| 2015 | $49,202,625▲16.3% | $47,141,995▲11.8% | $21,592,215▲10.8% | $58,796,216▲47.6% | 990 |
| 2014 | $42,303,200▲12.1% | $42,175,675▲12.2% | $19,485,577▲1.3% | $39,829,042▲2.3% | 990 |
| 2013 | $37,731,141 | $37,598,723▲4.8% | $19,242,409▲1.6% | $38,929,352▼2.0% | 990 |
| 2012 | — | $35,893,021▲3.7% | $18,947,649▼3.0% | $39,723,785▼1.4% | 990 |
| 2011 | — | $34,626,667▼1.3% | $19,538,991▲20.5% | $40,306,782▲5.8% | 990 |
| 2010 | — | $35,088,025▲5.9% | $16,212,649▲15.7% | $38,087,354▲5.7% | 990 |
| 2009 | — | $33,126,261 | $14,008,686 | $36,020,049 | 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: Dr Matthew K Shotwell — $2,096,774 (2.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Matthew K Shotwell | Cardiology Physician | 40 | $2,096,774 |
| Dr Srinadh Annangi | Pulmonology Physician | 40 | $545,018 |
| Dr Jennifer Canan | Ob/gyn Physician | 40 | $457,007 |
| Dr Maria Alejan Pavez | Neurology Physician | 40 | $456,230 |
| Dr Derek Clarke | Ob/gyn Physician | 40 | $431,495 |
| Dr Stephen Toadvine | Ceo/secretary (end 06/2024) | 40 | $358,758 |
| Todd Braden Reid Md | Chief of Staff (end 12/2023) | 40 | $305,011 |
| Kathy Tussey | Ceo (beg 06/2024) | 40 | $182,277 |
| Peggy Lair | Cfo/treasurer | 40 | $179,205 |
| Angela Gray | Director | 1 | — |
| Brett Hines Od | Director (beg 01/2024) | 1 | — |
| David Case | Director (beg 01/2024) | 1 | — |
| Douglas Darbo | Director (beg 01/2024) | 1 | — |
| Gregory Wills | Director (end 12/2023) | 1 | — |
| Harland Hatter | Chairman | 1 | — |
| Jacqueline Burrell | Director | 1 | — |
| James Calder Md | Director/chief of Staff (beg 01/2024) | 40 | — |
| Janelle Gardener-cox | Director | 1 | — |
| Maribeth Midden | Director | 1 | — |
| Nick Wiley | Coo (beg 09/2024) | 40 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Medycus Staffing Pllc | Er Physician Staffing | $1,724,525 |
| Community Anesthesia of the Bluegrass | Nurse Anesthesia Services | $1,505,250 |
| Blue & Co LLC | Consulting Services | $1,330,336 |
| Qualivis | Nurse Staffing Services | $1,199,189 |
| Cogent Healthcare | Hospitalists | $981,981 |
Grants made · $100K in FY2023
1 grant totaling $100K in FY2023. All grants made by Harrison Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Louisville Foundation Inc | Cardiology research support | $100,000 |
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Frequently asked questions
- Is Harrison Memorial Hospital a legitimate nonprofit?
- Yes. Harrison Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-0420440, based in Cynthiana, Kentucky. Donations are tax-deductible.
- What is Harrison Memorial Hospital's EIN?
- Harrison Memorial Hospital's Employer Identification Number (EIN) is 61-0420440.
- How much revenue does Harrison Memorial Hospital report?
- Harrison Memorial Hospital reported $102,428,601 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Harrison Memorial Hospital's spending goes to programs?
- Harrison Memorial Hospital spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Harrison Memorial Hospital have?
- CharityIndex grades Harrison Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Harrison Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Harrison Memorial Hospital's latest Form 990 is $2,096,774, paid to Dr Matthew K Shotwell (Cardiology Physician).
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Data for Harrison Memorial Hospital (EIN 61-0420440) 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.