Anderson Hospital Foundation: Nonprofit Profile, Financials & Form 990 (EIN 27-4548522)

Revenue by fiscal year
FY2020	$680K
FY2021	$581K
FY2022	$465K
FY2023	$628K
FY2024	$304K

Expenses by fiscal year
FY2020	$142K
FY2021	$176K
FY2022	$541K
FY2023	$301K
FY2024	$354K

Net assets by fiscal year
FY2020	$7.5M
FY2021	$8.7M
FY2022	$7.1M
FY2023	$8.3M
FY2024	$9.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

52 cents of each dollar spent went to programs.

52%

48%

Program services 52% · $183K Fundraising 48% · $170K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation

Keith Page

Director

$0Pt VII · Sec A

Michael Marshall

Director

$0Pt VII · Sec A

Lisa Spencer

Director

$0Pt VII · Sec A

Patrick Garvey

Anderson Healthcare CFO/Treasurer

$0Pt VII · Sec A

Jason Weiss

Co-Chair

$0Pt VII · Sec A

Lendell Phelps

Co-Chair

$0Pt VII · Sec A

Mark Shashek

Secretary

$0Pt VII · Sec A

Max Eakin

Director

$0Pt VII · Sec A

See Anderson Hospital Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Invests donor gifts and planned giving to fund grants and memorials for lasting impact.

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1 program · $183K · in their own filed words · FY2024

01

The organization undertakes various fundraising campaigns and special events to raise funds to support the health care activities of anderson hospital.

$183Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Southwestern Electric Cooperative INCFY2025$10K

Total grants receivedfrom 1 funder$10K

Grants paid · 3 grants · $667K · 2022–2024

Anderson HospitalIL · FY2024$183,333

Anderson HospitalIL · FY2023$150,000

Anderson HospitalIL · FY2022$333,333

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$304K

Ln 12

Gifts and grantsLn 1h$431K

Investment incomeLn 3$224K

Money outPt IX

$354K

Ln 25

Programscol B$183K

Fundraisingcol D$170K

Owns and owesPt X

$9.3M

net assets · Ln 32

Cash and savingsLn 1–2$249K

Total assetsLn 16$9.3M

LiabilitiesLn 26$66K

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a15

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$431K

Fundraising eventsLn 1c$293K

Investment incomeLn 3$224K

Gains on assetsLn 7−$317K

Total revenueLn 12$304K

Assets in detailPt X, end of year

CashLn 1$228K

SavingsLn 2$21K

Cash and savings togetherLn 1–2$249K

InvestmentsLn 11–13$9.1M

Total assetsLn 16$9.3M

LiabilitiesLn 26$66K

Net assetsLn 32$9.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 615

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$174K	$249K
InvestmentsLn 11–13	$8.2M	$9.1M
Total assetsLn 16	$8.3M	$9.3M
LiabilitiesLn 26	$66K	$66K
Net assetsLn 32	$8.3M	$9.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$183K	$183K
Other salaries and wagesLn 7	$94K			$94K
Other employee benefitsLn 9	$21K			$21K
Accounting feesLn 11c	$4K			$4K
Investment management feesLn 11f	$23K			$23K
Other fees for servicesLn 11g	$23K			$23K
Other expenses (24a–d)Ln 24	$5K			$5K
Total functional expensesLn 25	$354K	$183K	$0	$170K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Oct 27, 2025	$304K	$354K	−$50K	$9.3M	990 PDF
FY2023Filed with the IRS Nov 14, 2024	$628K	$301K	$327K	$8.3M	990 PDF
FY2022Filed with the IRS Nov 10, 2023	$465K	$541K	−$76K	$7.1M	990 PDF
FY2021Filed with the IRS Nov 10, 2022	$581K	$176K	$405K	$8.7M	990 PDF
FY2020Filed with the IRS Nov 3, 2021	$680K	$142K	$538K	$7.5M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $303,645 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $483,060$431,342

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $249,468−$92,977

I-11 Other revenuePrior year −$104,061−$34,720

I-12 Total revenuePrior year $628,467$303,645

I-13 Grants and similar amounts paidPrior year $150,000$183,333

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $109,969$115,356

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $41,003$55,007

I-18 Total expensesPrior year $300,972$353,696

I-19 Revenue less expensesPrior year $327,495−$50,051

Part VI · Governance 11 of 15 board members independent, 2 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members11

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $303,645 across 8 lines filed

VIII-1c Fundraising events$293,297

VIII-1f All other contributions, gifts and grants$138,045

VIII-1h Total contributions, gifts and grants$431,342

VIII-3 Investment incomeExcluded from tax $223,924$223,924

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$316,901−$316,901

VIII-8 Net income from fundraising eventsExcluded from tax −$36,474−$36,474

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,754$1,754

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$127,697$303,645

Part IX · Statement of functional expenses $353,696 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $183,333$183,333

IX-7 Other salaries and wagesFundraising $93,968$93,968

IX-9 Other employee benefitsFundraising $21,388$21,388

IX-11c Accounting feesFundraising $3,964$3,964

IX-11f Investment management feesFundraising $23,258$23,258

IX-11g Other fees for servicesFundraising $22,928$22,928

IX-24 Other expenses (24a–d)Fundraising $4,857$4,857

IX-25 Total functional expensesPrograms $183,333 · Management $0 · Fundraising $170,363$353,696

Part X · Balance sheet $9,322,022 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $173,013$228,350

X-2 Savings and temporary cash investmentsStart of year $1,180$21,097

X-11 Publicly traded securitiesStart of year $8,173,483$9,072,575

X-16 Total assetsStart of year $8,347,676$9,322,022

X-17 Accounts payable and accrued expensesStart of year $22,011$1,705

X-25 Other liabilitiesStart of year $44,055$64,683

X-26 Total liabilitiesStart of year $66,066$66,388

X-27 Net assets without donor restrictionsStart of year $8,281,610$9,255,634

X-32 Total net assets or fund balancesStart of year $8,281,610$9,255,634

X-33 Total liabilities and net assetsStart of year $8,347,676$9,322,022

Part XI · Reconciliation of net assets $9,255,634 net assets at year end

XI-1 Total revenue$303,645

XI-2 Total expenses$353,696

XI-3 Revenue less expenses−$50,051

XI-4 Net assets at start of year$8,281,610

XI-5 Net unrealized gains (losses) on investments$1,024,075

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$9,255,634

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Anderson Hospital Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Anderson Hospital Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV