Civic Intelligence

The Jackson County Schneck Memorial Hospital Foundation Inc

EIN 23-7085722 • 501(c)3 • Seymour, IN

Profile

The foundation operates for the benefit of schneck medical center.

411 West Tipton StreetSeymour, IN 47274

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.11x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

57th percentile

8.1%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$375,959

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 57.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

63rd percentile

8.8%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-19%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,041,351

Up $326,161 (+8.8%) from 2023

Liabilities

Up

$75,000

Up $70,000 (+1400%) from 2023

Net Assets

Up

$3,966,351

Up $256,161 (+6.9%) from 2023

Revenue

Down

$657,288

Down $153,320 (-19%) from 2023

Expenses

Down

$604,226

Down $407,283 (-40%) from 2023

Net Income

Up

$53,062

Up $253,963 (+126%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $1,800,593Liabilities 2010: $0Net Assets 2010: $1,800,5932010Assets 2011: $1,875,716Liabilities 2011: $0Net Assets 2011: $1,875,7162011Assets 2012: $1,959,709Liabilities 2012: $13,905Net Assets 2012: $1,945,8042012Assets 2013: $2,770,868Liabilities 2013: $45,447Net Assets 2013: $2,725,4212013Assets 2014: $2,871,459Liabilities 2014: $35,647Net Assets 2014: $2,835,8122014Assets 2015: $2,804,893Liabilities 2015: $20,000Net Assets 2015: $2,784,8932015Assets 2016: $2,289,745Liabilities 2016: $10,000Net Assets 2016: $2,279,7452016Assets 2017: $2,771,504Liabilities 2017: $0Net Assets 2017: $2,771,5042017Assets 2018: $2,849,892Liabilities 2018: $3,860Net Assets 2018: $2,846,0322018Assets 2019: $3,591,462Liabilities 2019: $0Net Assets 2019: $3,591,4622019Assets 2020: $4,173,783Liabilities 2020: $76,289Net Assets 2020: $4,097,4942020Assets 2021: $4,359,436Liabilities 2021: $0Net Assets 2021: $4,359,4362021Assets 2022: $3,681,696Liabilities 2022: $25,000Net Assets 2022: $3,656,6962022Assets 2023: $3,715,190Liabilities 2023: $5,000Net Assets 2023: $3,710,1902023Assets 2024: $4,041,351Liabilities 2024: $75,000Net Assets 2024: $3,966,3512024

Highlighted filing

2024

Assets$4,041,351
Liabilities$75,000
Net Assets$3,966,351

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2010: $537,1492010Expenses 2011: $314,9352011Expenses 2012: $462,0322012Revenue 2013: $981,903Expenses 2013: $285,921Net Income 2013: $695,9822013Revenue 2014: $507,157Expenses 2014: $387,253Net Income 2014: $119,9042014Revenue 2015: $374,157Expenses 2015: $359,827Net Income 2015: $14,3302015Revenue 2016: $390,969Expenses 2016: $939,119Net Income 2016: -$548,1502016Revenue 2017: $588,966Expenses 2017: $339,027Net Income 2017: $249,9392017Revenue 2018: $758,808Expenses 2018: $295,176Net Income 2018: $463,6322018Revenue 2019: $902,506Expenses 2019: $261,306Net Income 2019: $641,2002019Revenue 2020: $364,396Expenses 2020: $317,477Net Income 2020: $46,9192020Revenue 2021: $937,194Expenses 2021: $703,472Net Income 2021: $233,7222021Revenue 2022: $578,502Expenses 2022: $703,284Net Income 2022: -$124,7822022Revenue 2023: $810,608Expenses 2023: $1,011,509Net Income 2023: -$200,9012023Revenue 2024: $657,288Expenses 2024: $604,226Net Income 2024: $53,0622024

Highlighted filing

2024

Revenue$657,288
Expenses$604,226
Net Income$53,062

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.04$0.08$3.97$0.66$0.60$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.72$0.01$3.71$0.81$1.01$0.20
2022Detailed filing. Detailed filing data is available for this year.$3.68$0.03$3.66$0.58$0.70$0.12
2021Detailed filing. Detailed filing data is available for this year.$4.36$0.00$4.36$0.94$0.70$0.23
2020Detailed filing. Detailed filing data is available for this year.$4.17$0.08$4.10$0.36$0.32$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.59$0.90$0.26$0.64
2018Detailed filing. Detailed filing data is available for this year.$2.85$0.00$2.85$0.76$0.30$0.46
2017Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$0.59$0.34$0.25
2016Detailed filing. Detailed filing data is available for this year.$2.29$0.01$2.28$0.39$0.94$0.55
2015Detailed filing. Detailed filing data is available for this year.$2.80$0.02$2.78$0.37$0.36$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.87$0.04$2.84$0.51$0.39$0.12
2013Detailed filing. Detailed filing data is available for this year.$2.77$0.05$2.73$0.98$0.29$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.01$1.95$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.00$1.88$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.00$1.80$0.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.2
Gross Receipts
$3,072,206
Mission and Program Overview

Mission

The foundation operates for the benefit of schneck medical center.

The foundation operates solely for the benefit of schneck medical center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,138,440$1,367,463▲ $229,023
Savings and Temporary Cash Investments$522,884$422,525▼ $100,359
Total Assets$3,715,190$4,041,351▲ $326,161
Other Assets Total$2,053,866$2,251,363▲ $197,497
Liabilities
Accounts Payable and Accrued Expenses$5,000$75,000▲ $70,000
Total Liabilities$5,000$75,000▲ $70,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,510,718$2,490,303▼ $20,415
Net Assets Without Donor Restrictions$1,199,472$1,476,048▲ $276,576
Total Net Assets Fund Balance$3,710,190$3,966,351▲ $256,161
Total Liabilities and Net Assets / Fund Balance$3,715,190$4,041,351▲ $326,161

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$800--
Other Securities$1,367,463--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,510,718$215,208▲ $119,425$355,048$2,490,303
2023$2,818,738$409,688▲ $129,533$847,241$2,510,718
2022$3,050,581$384,109▼ $125,650$490,302$2,818,738
2021$3,008,245$411,041▲ $117,526$486,231$3,050,581
2020$2,078,324$150,493▲ $926,701$147,273$3,008,245
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Stephanie FlinnExecutive Dir/Director of DevelopmentFT$147,791$147,791
Jack MccoryMember-$6,000$6,000

Board Members and Trustees

NameTitle
Laura KirtleyPresident
Rosemary WeirVice President
Dolores OlivarezMember
Joseph BlackMember
Luke NoltingMember
Marvin VeatchMember
Matthew Meyer MdMember
Monica HartungMember
Shawn GerkinMember
Tom TaylorMember
Bob DoriotMember (beg 2024)
Denise ConnellMember (beg 2024)
John DoriotMember (beg 2024)
Lance GentryMember (beg 2024)
Dana BollingerMember (end 2024)
George GraessleMember (end 2024)
Jim PottsMember (end 2024)
Julie StahlMember (end 2024)
Sally LawsonMember (end 2024)
Susan SparksMember (end 2024)
Jim PlumpSecretary
Nate TormoehlenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$405,034
Program Service Revenue
$0
Investment Income
$251,482
Other Revenue
$772
All Other Contributions
$367,688
Change in Net Assets
$53,062

Audited Revenue Reconciliation

Revenue per Audited Statements
$657,288
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$596,889
Total Revenue per Audited Statements
$1,254,177
Total Revenue per Form 990
$657,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$528,661
Professional Fundraising Fees$43,717
Total Fundraising Expense$43,717
Other Expenses$31,848
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$453,726--$453,726
Grants to Domestic Individuals$74,935--$74,935
Fees for Services Professional Fundraising--$43,717$43,717
Fees for Service Investment Mgmnt Fees-$29,279-$29,279
All Other Expenses-$2,089-$2,089
Other Expenses-$480-$480
Total Functional Expenses$528,661$31,848$43,717$604,226

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$998,016
Expenses per Audited Statements$604,226
Total Expenses per Form 990$604,226
Expenses Not Reported on Form 990$393,790
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Schneck Medical CenterSeymour, INJackson CountySupport Towards Equipment$334,413
Reins to Recovery IncSeymour, IN501(c)3Provide Equine Assisted Therapy Sessions to Those With Mental Health Challenges$10,176
Grand Aerie Fraternal Order of EaglesGrove City, OH501(c)8Sponsorship of Annual Convention$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$43,717
Fundraising Gross Income$19,840
Fundraising Direct Expenses$19,068

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$57,186$19,840$4,346$15,494
Total Events$57,186$19,840$19,068$772
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

One board member is selected by the medical staff of jackson county schneck hospital, and one board member is selected by the board of trustees of jackson county schneck hospital.

Form 990, Part VI, Section B, Line 11B

The process of reviewing the form 990 entails a detailed review by the organization's accounting department. The governing body receives a copy of the form 990 including requested schedules, as ultimately filed with the irs, for review prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

The schneck foundation has a separate conflict of interest policy that is signed by all board members annually.

Form 990, Part VI, Section B, Line 15A

The executive director's compensation is determined by the jackson county schneck hospital's policies and procedures.

Form 990, Part VI, Section C, Line 19

The financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104.

Filing and Contact Details

Filer

Filer Name
The Jackson County Schneck Memorial
EIN
23-7085722
Phone
8125234876
Address
411 WEST TIPTON STREET, SEYMOUR, IN 47274
Doing Business As
Schneck Medical Center Foundation

Signing Officer

Name
Stephanie Flinn
Title
Executive Director
Phone
8125222349
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nate Tormoehlen
Formed
1952
Legal Domicile
In
Voting Board Members
18
Independent Board Members
15
Employees
0
Volunteers
87

Preparer

Firm
Blue & Co LLC
Address
2650 EASTPOINT PARKWAY STE 300, LOUISVILLE, KY 40223
Preparer
Emilie M Knieriem CPA
Phone
5029923500
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Donor-restricted gifts are temporarily restricted net asset of 100.00%. The temporarily restricted net assets are donor-restricted for a specific use or by the passage of time. Specific funds include: medical technology- address the rapid changes in medical technology, community service - provide support for variety of community programs, cancer - provide support for the detection/prevention of cancer, hospice - provide support for the hospice program and patient needs, george h. James scholarship - provide scholarships for students enrolled in medical school, epic - receive financial support from its members for special projects and programs recommended by those members, employee humanitarian - provide financial assistant to approved hospital employees for personal hardships or other catastrophic events up to pre-approved funding level, women's center - purchase equipment for and provide support to the family life center, and dr. Bud fund - provide scholarships to area students seeking to pursue careers in healthcare.

PART X, LINE 2:

Footnote to the organization's financial statements reporting the organization's liability for uncertain tax positions under fin 48 superseded by asc 740-10: accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain tax position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the foundation, and has concluded that as of december 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 19,068.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 19,068.

Raw XML AppendixShowing 400 of 721 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIR/DIR OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER (BEG 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER (BEG 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER (BEG 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER (BEG 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER (END 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER (END 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER (END 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEMBER (END 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt22MEMBER (END 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt23MEMBER (END 2024)
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION OPERATES FOR THE BENEFIT OF SCHNECK MEDICAL CENTER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03710190
IRS990/NetAssetsOrFundBalancesEOYAmt03966351
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IRS990/OperateHospitalInd00
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NATE TORMOEHLEN
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDED FUNDS FOR 64 SCHOLARSHIPS TO AREA HIGH SCHOOL GRADUATES PURSUING CAREERS IN HEALTH CARE SERVICES. 2024 SCHOLARSHIPS TOTALED $74,935.
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION OPERATES SOLELY FOR THE BENEFIT OF SCHNECK MEDICAL CENTER - A GOVERNMENTAL HOSPITAL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 1C:
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01

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