Fairfield Memorial Hospital
Legal name: Fairfield Memorial Hospital Association
Nonprofit profile at a glance
- EIN
- 370661202
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Fairfield, IL, US
- Phone
- (618) 526-8000
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $49,314,974
- Expenses
- $51,012,895
- Assets
- $51,331,074
- Liabilities
- $33,776,082
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- PATRICK MOLT MD (PRESIDENT/CMO)
- JOEY HUNGERFORD (VICE PRESIDENT (END 06/25))
- KATHERINE BUNTING (CEO)
- MICHAEL COOPER (CEO (BEG 07/24))
Highest reported compensation
- KORY BLANK (ORTHOPEDIC SURGEON): $713,931 total reported compensation
- LAUREN WILLIAMS (PHYSICIAN): $426,514 total reported compensation
- KIMBERLY KING (CRNA/PAIN MANAGEMENT PROVIDER): $393,926 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Serving the health care needs of individuals, families and the communities in which they live.
What it reported doing in 2024
As a not-for-profit community hospital, fairfield memorial is a charitable organization that exists to advance the health of the residents of wayne county and surrounding communities. Fairfield memorial hospital operates a rural healthcare facility with 25 acute care beds and 30 skilled care beds. In august 2008, the hospital opened a rural health clinic. Today it operates rural health clinics providing medical and behavioral health services in fairfield, cisne, and carmi, as well as, operating outpatient surgical specialty clinics, to include general surgery, wound care, and pain management. Fairfield memorial hospital provides quality medical healthcare to all persons without regard to and does not discriminate on the basis of race, color, religion (creed), gender, gender sex expression, age, national origin (ancestry), physical or mental disability, marital status, gender identity, sexual orientation, social economic status, ethnicity, culture, language, military status, or ability to pay. Although reimbursement for services rendered is critical to the operation and stability of fairfield memorial hospital, it is recognized that not all individuals possess the ability to purchase essential medical services. Therefore, in keeping with this corporation's commitment to serve all members of the communities we serve. The community, free care and/or subsidized care, care provided to persons covered by governmental programs at below cost, and health activities and programs to support the community will be considered where the need and/or individuals inability to pay coexists. The community benefits can be measured in many ways including: direct patient care, screenings, education, fundraising, and community service efforts of our colleagues. The hospital provides care to persons covered by governmental programs, providing services to both medicare and medicaid patients. Charity care is also provided through the hospital's internal financial assistance policy.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.3%; rating input score 76
- Program expense ratio: 74%; rating input score 74
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 69.8%; rating input score 70; 14th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.4%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.66; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 5.2% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 7.5% per year; rating input score 100; 52nd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 76.3% of revenue deployed · 74% of spending went to programs
- Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $37.7M in reported program spending
- Leadership: top reported pay $714K · 24 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.9M reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 20/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.