Rockcastle County Hospital Inc
80% goes to programs $0 to raise $100 Strong reserves
Rockcastle County Hospital Inc is a 501(c)(3) organization based in Mount Vernon, Kentucky, registered in 1956, with $88,641,505 in FY2022 revenue. CharityIndex grades it B+, and it directs about 80% of spending to programs.
145 Newcomb Ave, Mount Vernon, KY, 40456 EIN 61-0523304 Since 1956
Revenue (FY2022)
$88.6M
▲ 5.6% vs prior year
Health median: $840K
Expenses (FY2022)
$84.7M
Net assets
$81.6M
Employees
1,004
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating80% 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 Rockcastle County Hospital Inc: 80% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +4% 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 Rockcastle County Hospital Inc: 12 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Rockcastle County Hospital Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Rockcastle County Hospital Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Rockcastle hospital is organized to provide medical care to members of its community.
Contact & location
- Address
- 145 Newcomb Ave, Mount Vernon, KY, 40456
- City
- Mount Vernon
- State
- Kentucky
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.6M (FY2013) to $88.6M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $27.0MNet assets $81.6M
Operating margin
4.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$108.7M
Total liabilities
$27.0M
Net assets
$81.6M
Salaries & benefits
$49.8M
59% of expenses
Board members
4
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $88,641,505▲5.6% | $84,661,051▲9.2% | $81,613,764▲4.3% | $108,661,680▲4.1% | 990 |
| 2021 | $83,934,680▲8.8% | $77,551,788▲4.6% | $78,230,810▲7.8% | $104,374,386▲1.0% | 990 |
| 2020 | $77,168,291▼0.7% | $74,115,649▲7.2% | $72,585,683▲4.4% | $103,387,540▼0.7% | 990 |
| 2019 | $77,724,393▲2.5% | $69,123,131▼3.1% | $69,535,819▲21.4% | $104,095,420▲25.9% | 990 |
| 2018 | $75,832,589▲9.4% | $71,368,147▲8.1% | $57,254,805▲8.5% | $82,652,707▼3.0% | 990 |
| 2017 | $69,334,255▲12.4% | $66,001,615▲11.9% | $52,790,363▲6.7% | $85,209,311▲2.1% | 990 |
| 2016 | $61,708,292▲10.3% | $59,005,786▲10.3% | $49,457,723▲5.8% | $83,475,819▲15.5% | 990 |
| 2015 | $55,938,036▲7.3% | $53,513,303▲6.8% | $46,755,217▲5.5% | $72,256,870▲9.7% | 990 |
| 2014 | $52,135,603▼0.9% | $50,115,941▼1.3% | $44,330,484▲4.8% | $65,884,871▲4.4% | 990 |
| 2013 | $52,625,553 | $50,799,769▲11.9% | $42,310,822▲4.5% | $63,102,411▲3.4% | 990 |
| 2012 | — | $45,394,430▲1.4% | $40,485,038▲2.5% | $61,050,246▲2.8% | 990 |
| 2011 | — | $44,750,191▲6.3% | $39,491,462▲1.3% | $59,413,537▲1.9% | 990 |
| 2010 | — | $42,106,441▲4.2% | $38,985,185▲6.3% | $58,310,440▲18.6% | 990 |
| 2009 | — | $40,427,995 | $36,670,173 | $49,156,460 | 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 (FY2022)
Highest-paid: David S Bullock Md — $560,000 (0.66% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David S Bullock Md | Physician | 40 | $560,000 |
| Karen B Saylor Md | Physician | 40 | $560,000 |
| Michael Kevin Rowe Md | Physician | 40 | $540,000 |
| William Bakhos Md | Physician | 40 | $425,000 |
| Mary Joenborg | Physician | 40 | $396,923 |
| Stephen A Estes | Ceo | 40 | $395,789 |
| Christopher Nicholas Bastin | Cfo | 40 | $210,217 |
| Corey Coe | Controller | 40 | $94,038 |
| Bige Towery Jr | Secretary/treasurer | 7 | $24,000 |
| Debra H Lambert | Member | 7 | $24,000 |
| Jeffery T Burdette | Member | 7 | $24,000 |
| Joseph E Lambert | Chair | 7 | $24,000 |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Rockcastle Emergency Group LLC | Physician Group | $759,270 |
| Quest Diagnostics | Laboratory Tests | $349,351 |
| Kmsf Inc | Physician Group | $291,009 |
| Lexar Laboratories and Analysis | Laboratory Tests | $151,229 |
| Mcbrayer | Legal Services | $112,063 |
Grants received · $5,800 total
1 grant to Rockcastle County Hospital Inc totaling $5,800, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| St Claire Medical Center Inc | Mcat project | 2022 | $5,800 |
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Compare Rockcastle County Hospital Inc
Frequently asked questions
- Is Rockcastle County Hospital Inc a legitimate nonprofit?
- Yes. Rockcastle County Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-0523304, based in Mount Vernon, Kentucky. Donations are tax-deductible.
- What is Rockcastle County Hospital Inc's EIN?
- Rockcastle County Hospital Inc's Employer Identification Number (EIN) is 61-0523304.
- How much revenue does Rockcastle County Hospital Inc report?
- Rockcastle County Hospital Inc reported $88,641,505 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of Rockcastle County Hospital Inc's spending goes to programs?
- Rockcastle County Hospital Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Rockcastle County Hospital Inc have?
- CharityIndex grades Rockcastle County Hospital Inc B+, based on program efficiency and fundraising cost.
- How much does Rockcastle County Hospital Inc's highest-paid employee make?
- The highest reported compensation on Rockcastle County Hospital Inc's latest Form 990 is $560,000, paid to David S Bullock Md (Physician).
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Data for Rockcastle County Hospital Inc (EIN 61-0523304) 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.