Memorial Hospital Inc
90% goes to programs $0 to raise $100 Growing revenue
Memorial Hospital Inc is a 501(c)(3) organization based in Manchester, Kentucky, registered in 1969, with $93,689,857 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
210 Marie Langdon Dr, Manchester, KY, 40962 EIN 61-0594620 Since 1969
Revenue (FY2024)
$93.7M
▲ 3.8% vs prior year
Health median: $840K
Expenses (FY2024)
$88.6M
Net assets
$20.4M
Employees
714
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program 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 Memorial Hospital Inc: 90% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · +5% 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 Memorial Hospital Inc: 3 mo reserves · +5% margin earns a B 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 Memorial Hospital 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 Memorial Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The provision of medical care to the community through the operation of a 49 bed hospital.
Contact & location
- Address
- 210 Marie Langdon Dr, Manchester, KY, 40962
- City
- Manchester
- State
- Kentucky
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $54.2M (FY2013) to $93.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $40.7MNet assets $20.4M
Operating margin
5.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$61.1M
Total liabilities
$40.7M
Net assets
$20.4M
Salaries & benefits
$45.8M
52% of expenses
Board members
14
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $93,689,857▲3.8% | $88,559,935▲1.2% | $20,385,941▲33.7% | $61,061,949▼1.1% | 990 |
| 2023 | $90,248,673▲21.1% | $87,531,600▲8.4% | $15,247,619▲22.2% | $61,725,612▲12.3% | 990 |
| 2022 | $74,509,151▼3.7% | $80,763,946▲4.4% | $12,474,146▼35.8% | $54,963,511▼6.3% | 990 |
| 2021 | $77,369,754▲36.9% | $77,338,839▲18.9% | $19,415,747▼3.6% | $58,641,690▲20.1% | 990 |
| 2020 | $56,497,252▲5.1% | $65,046,017▲11.8% | $20,132,542▼30.2% | $48,837,770▲4.2% | 990 |
| 2019 | $53,770,611▼9.0% | $58,162,805▼4.9% | $28,839,787▲69.0% | $46,853,612▲31.1% | 990 |
| 2018 | $59,066,372▲1.6% | $61,139,885▲1.0% | $17,064,277▼13.6% | $35,726,878▼4.9% | 990 |
| 2017 | $58,138,130▼0.3% | $60,518,325▲2.7% | $19,741,482▼10.8% | $37,572,905▼4.1% | 990 |
| 2016 | $58,325,236▲2.1% | $58,901,699▲5.9% | $22,134,032▼1.7% | $39,188,759▼2.9% | 990 |
| 2015 | $57,152,518▲6.1% | $55,617,924▲6.3% | $22,527,025▲7.4% | $40,346,282▼1.8% | 990 |
| 2014 | $53,881,061▼0.6% | $52,315,621▼2.9% | $20,976,023▲7.3% | $41,077,093▲1.6% | 990 |
| 2013 | $54,211,886 | $53,858,226▼1.4% | $19,552,116▲20.6% | $40,426,720▼0.3% | 990 |
| 2012 | — | $54,600,459▼2.4% | $16,214,070▲2.7% | $40,536,674▲3.8% | 990 |
| 2011 | — | $55,915,026▲8.9% | $15,781,383▲11.2% | $39,065,437▲8.3% | 990 |
| 2010 | — | $51,340,016 | $14,191,405 | $36,087,420 | 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 (FY2024)
Highest-paid: Wilkens Md Gregory — $805,155 (0.91% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Wilkens Md Gregory | Director | 88.1 | $805,155 |
| Maxey Md Jackie | Physician -family Practice | 40 | $771,591 |
| Gupta Md Giriraj | Director (end 12/24) | 40.1 | $514,602 |
| Naval Srinivas Md Rajiv | Physician - Internal Medicine | 40 | $394,787 |
| Rice Do Angela | Physician - Family Practice | 40 | $286,427 |
| Nix Md Ashtin | Physician - Pediatrics | 40 | $273,620 |
| Smith Md Khercie | Physician - Pediatrics | 40 | $254,255 |
| Jones Angela | Former Key Employee | 50 | $129,152 |
| Gabbard Shane | Director | 0.1 | $160 |
| Hancock Jennifer | Director | 0.1 | $160 |
| Hewitt Mike | Director | 0.1 | $160 |
| House Marshall | Director | 0.1 | $160 |
| Phillips James | Director | 0.1 | $160 |
| Samples Reecia | Director | 0.1 | $160 |
| Shepherd Luke | Director | 0.1 | $160 |
| Bejarano Nick | Director/ceo (beg 12/24) | 50 | — |
| Bell Karen | Former Key Employee | 0 | — |
| Cornett Md Anita | Director/cmo | 50 | — |
| Couch James | Interim Ceo (beg 8/24 - End 12/24) | 50 | — |
| Guyton Alan | Director/reg. Cfo | 10 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Concord Medical Group Ky Pllc | Physician Services | $1,943,138 |
| South Central Physicians Pllc | Physician Services | $1,648,060 |
| Sweet Dreams Anesthesia | Crna Services | $987,191 |
| Mountain Rehabilitation Services | Physical Therapy | $838,233 |
| Biomerieux Inc | Lab Services | $542,943 |
Grants received · $888K total
5 grants to Memorial Hospital Inc totaling $888K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| World Vision | Family assistance | 2023 | $288,136 |
| World Vision | Development & family assistance | 2022 | $315,557 |
| Save the Children Federation Inc | Humanitrian activity | 2020 | $28,800 |
| Adventist Health System Sunbelt Healthcare Corporation | Creation health-van transport and experience in the pcu | 2015 | $120,267 |
| Adventist Health System Sunbelt Healthcare Corporation | Creation health-van transport and experience in the pcu | 2014 | $135,667 |
Grants made · $207K in FY2024
3 grants totaling $207K in FY2024. All grants made by Memorial Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Adventhealth Foundation Inc | Provision of general administrative support | $165,198 |
| Appalachian Christian Academy | General support | $34,674 |
| Clay County Board of Education | General support | $7,300 |
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Frequently asked questions
- Is Memorial Hospital Inc a legitimate nonprofit?
- Yes. Memorial Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-0594620, based in Manchester, Kentucky. Donations are tax-deductible.
- What is Memorial Hospital Inc's EIN?
- Memorial Hospital Inc's Employer Identification Number (EIN) is 61-0594620.
- How much revenue does Memorial Hospital Inc report?
- Memorial Hospital Inc reported $93,689,857 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Memorial Hospital Inc's spending goes to programs?
- Memorial Hospital Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Memorial Hospital Inc have?
- CharityIndex grades Memorial Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Memorial Hospital Inc's highest-paid employee make?
- The highest reported compensation on Memorial Hospital Inc's latest Form 990 is $805,155, paid to Wilkens Md Gregory (Director).
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Data for Memorial Hospital Inc (EIN 61-0594620) 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.