Marcum and Wallace Memorial Hospital Inc
- Assets
- $0.0
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 273
- Location
- Irvine, KY
- Founding
- Data as of
- 12/2016
- EIN
- 61-0927491
Organization Overview
Marcum and Wallace Memorial Hospital Inc is located in Irvine, KY. As of 12/2016, Marcum and Wallace Memorial Hospital Inc employed 273 individuals. Marcum and Wallace Memorial Hospital Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2016, Marcum and Wallace Memorial Hospital Inc generated $16.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $19.7m during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
MARCUM AND WALLACE MEMORIAL HOSPITAL, INC. EXTENDS THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH OF OUR COMMUNITIES WITH EMPHASIS ON PEOPLE WHO ARE POOR AND UNDER-SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY EXEMPT PURPOSE OF MARCUM AND WALLACE MEMORIAL HOSPITAL, INC. (MWMH) IS TO EXTEND THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH OF OUR COMMUNITIES WITH EMPHASIS ON PEOPLE WHO ARE POOR AND UNDER-SERVED. MWMH ACCOMPLISHES THIS PURPOSE BY DEMONSTRATING BEHAVIORS REFLECTING OUR CORE VALUES OF COMPASSION, EXCELLENCE, HUMAN DIGNITY, JUSTICE, SACREDNESS OF LIFE, AND SERVICE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & CEO | OfficerTrustee | 40 | $199,929 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Vice-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President/ceo Kentucky Region, SVP Mercy Health | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baptist Health Richmond Pharmacy Services | 12/30/15 | $0 |
Marshall Medical Management Llc Er Physician Services | 12/30/15 | $0 |
Richard A Stone Md Pllc Surgery Clinic | 12/30/15 | $0 |
West Central Ohio Hospital Consortium Llc Medical Services | 12/30/15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,949 |
| Government grants | $157,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,692 |
| Total Program Service Revenue | $15,455,856 |
| Investment income | $9,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,987,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $781,344 |
| Compensation of current officers, directors, key employees. | $117,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,833,517 |
| Pension plan accruals and contributions | $405,631 |
| Other employee benefits | $1,330,826 |
| Payroll taxes | $584,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,421 |
| Fees for services: Accounting | $6,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,498,283 |
| Advertising and promotion | $0 |
| Office expenses | $329,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $606,096 |
| Travel | $83,519 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $532,582 |
| Insurance | $83,329 |
| All other expenses | $10,757 |
| Total functional expenses | $19,704,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |