Owensboro Health Twin Lakes Regional Medical Center Inc
91% goes to programs $0 to raise $100 Strong reserves Growing revenue
Owensboro Health Twin Lakes Regional Medical Center Inc is a 501(c)(3) organization based in Owensboro, Kentucky, registered in 2021, with $72,093,592 in FY2024 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
1201 Pleasant Valley Rd, Owensboro, KY, 42303 EIN 85-3033915 Since 2021
Revenue (FY2024)
$72.1M
▼ 1.6% vs prior year
Health median: $840K
Expenses (FY2024)
$58.7M
Net assets
$49.0M
Employees
456
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 rating91% 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 Owensboro Health Twin Lakes Regional Medical Center Inc: 91% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +19% 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 Owensboro Health Twin Lakes Regional Medical Center Inc: 10 mo reserves · +19% 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 Owensboro Health Twin Lakes Regional Medical Center 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 Owensboro Health Twin Lakes Regional Medical Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Owensboro health twin lakes medical center exists to heal the sick and to improve the health of the communities we serve.
Contact & location
- Address
- 1201 Pleasant Valley Rd, Owensboro, KY, 42303
- City
- Owensboro
- State
- Kentucky
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $21.4M (FY2020) to $72.1M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $96.8MNet assets $49.0M
Operating margin
18.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$145.8M
Total liabilities
$96.8M
Net assets
$49.0M
Salaries & benefits
$24.6M
42% of expenses
Board members
9
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $72,093,592▼1.6% | $58,729,029▲0.2% | $48,984,035▲37.5% | $145,817,446▲3.8% | 990 |
| 2023 | $73,294,481▲16.2% | $58,639,106▲16.5% | $35,619,472▲69.9% | $140,520,348▲67.7% | 990 |
| 2022 | $63,065,522▲12.1% | $50,312,873▲3.9% | $20,964,097▲155% | $83,782,092▲51.0% | 990 |
| 2021 | $56,278,932▲163% | $48,430,350▲131% | $8,213,667▲2150% | $55,501,629▲12.4% | 990 |
| 2020 | $21,369,566 | $21,004,481 | $365,085 | $49,384,321 | 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: Ashley Herrington — $370,083 (0.63% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ashley Herrington | Ceo - Ohtlmc | 45 | $370,083 |
| Cathy Stewart | Vp Patient Care Svcs and Cno - Ohtlmc | 45 | $243,090 |
| Catherine Clemons | Vp of Operations - Ohtlmc | 45 | $232,919 |
| Angela M Gibson | Director of Pharmacy | 50 | $187,247 |
| Todd Bullock | Nurse Practitioner | 50 | $143,976 |
| Chloe Adams | Clinical Pharmacist | 50 | $130,990 |
| Jeremy Newton | Manager of Pharmacy | 50 | $125,301 |
| Linsey Logsdon | Manager of Nursing | 50 | $120,654 |
| Chris Love | Board Member (termed 10/31/2024) | 1 | — |
| Donna Vanmeter | Board Member | 1 | — |
| Glenna Black | Secretary | 1 | — |
| Laura Chapman | Board Chairperson | 1 | — |
| Mark Marsh | President and Ceo | 2 | — |
| Matt Hayes | Board Member | 1 | — |
| Michael Scherm Md | Board Member (effective 11/25/24) | 1 | — |
| Russell S Ranallo | Board Treasurer, Chief Financial Officer | 2 | — |
| Scott Majors | Board Member | 1 | — |
| Tish Correa Osborne | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Optum | Mgmt of Rev Cycle & Inf Tech Srvcs | $2,385,385 |
| Qualivis LLC | Contract Labor For Nursing, Therapy & Radiology | $1,704,438 |
| Concord Company of Tennessee | Er Coverage | $1,292,982 |
| Conoloway Anesthesia Pllc | Anesthesia Services | $986,904 |
| Signet Health Corp | Behavioral Health Services | $862,028 |
Similar organizations in Health
Health
Norton Properties Inc
Louisville, KY
$72.7M
Cannual revenue
Health
Grace Community Health Center Inc
Corbin, KY
$73.9M
Aannual revenue
- Health
American Eagle Lifecare Corporation
Lexington, KY
$82.9M
C+annual revenue
Health
Family Health Center
Louisville, KY
$60.8M
Dannual revenue
- Health
Ohio County Hospital Corporation
Hartford, KY
$84.3M
Aannual revenue
Health
Rockcastle County Hospital Inc
Mount Vernon, KY
$92.7M
B+annual revenue
Health
Southeastern Kentucky Rehabilitation Industries Inc
Corbin, KY
$50.6M
Bannual revenue
Health
Memorial Hospital Inc
Manchester, KY
$93.7M
Aannual revenue
Health
Mountain Comprehensive Health Corporation
Whitesburg, KY
$93.7M
Aannual revenue
- Health
Norton Wlh Real Estate Inc
Louisville, KY
$50.3M
C+annual revenue
Compare Owensboro Health Twin Lakes Regional Medical Center Inc
Frequently asked questions
- Is Owensboro Health Twin Lakes Regional Medical Center Inc a legitimate nonprofit?
- Yes. Owensboro Health Twin Lakes Regional Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-3033915, based in Owensboro, Kentucky. Donations are tax-deductible.
- What is Owensboro Health Twin Lakes Regional Medical Center Inc's EIN?
- Owensboro Health Twin Lakes Regional Medical Center Inc's Employer Identification Number (EIN) is 85-3033915.
- How much revenue does Owensboro Health Twin Lakes Regional Medical Center Inc report?
- Owensboro Health Twin Lakes Regional Medical Center Inc reported $72,093,592 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Owensboro Health Twin Lakes Regional Medical Center Inc's spending goes to programs?
- Owensboro Health Twin Lakes Regional Medical Center Inc spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Owensboro Health Twin Lakes Regional Medical Center Inc have?
- CharityIndex grades Owensboro Health Twin Lakes Regional Medical Center Inc A, based on program efficiency and fundraising cost.
- How much does Owensboro Health Twin Lakes Regional Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Owensboro Health Twin Lakes Regional Medical Center Inc's latest Form 990 is $370,083, paid to Ashley Herrington (Ceo - Ohtlmc).
More nonprofits in Owensboro
Explore more
Data for Owensboro Health Twin Lakes Regional Medical Center Inc (EIN 85-3033915) 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.