The Wallace S Murray and Frances Rabbitts Murray Memorial Trust
TRUST INCOME IS TO BE USED FOR THE CARE OF THE INDIGENT SICK TREATED AT COMMUNITY MERCY HEALTH PARTNERS DBA SPRINGFIELD REGIONAL MEDICAL CENTER.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$72K
Total Expenses
$6K
Net Assets
$1.1M
Employees
0
Volunteers
18
Program Expense Ratio
0.0%
This nonprofit profile presents IRS Form 990 tax filing data for The Wallace S Murray and Frances Rabbitts Murray Memorial Trust (EIN: 34-6827136), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust is a 501(c)(3) nonprofit headquartered in SPRINGFIELD, OH, founded in 1973. The organization has held tax-exempt status since 1985. In its 2024 filing, the organization reported $72K in total revenue, a 44.2% decrease from the prior year, and $6K in total expenses. The organization engaged 18 volunteers. MATTHEW CALDWELL, Former President and CEO - Springfield, is the highest-compensated individual at $1,398,944. 3 of 6 recommended governance policies are in place.
Programs(Tax Year 2024)
1 record
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust operates 1 program.
INCOME FROM THE TRUST IS USED FOR THE CARE OF THE INDIGENT SICK AT COMMUNITY MERCY HEALTH PARTNERS DBA SPRINGFIELD REGIONAL MEDICAL CENTER.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, The Wallace S Murray and Frances Rabbitts Murray Memorial Trust's revenue has grown from $18K to $72K, a 293.0% increase. Program expenses represent 0% of total spending.
Revenue decreased 44.2% year-over-year, while expenses grew 14.8%. net assets rose to $1.1M, up 10.8% from the prior year.
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust derives 100% from investment income.
Revenue declined by 44.2% and expenses grew by 14.8% year over year.
Over 6 filings from 2019–2024, The Wallace S Murray and Frances Rabbitts Murray Memorial Trust grew revenue from $18K to $72K (+293.0%) while maintaining a program expense ratio of 0%.
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust holds $1.1M in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 1000.0 months of operating reserves. Cash and equivalents of $59K cover approximately 109.4 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $72K | $0 | $0 | $0 | $72K |
| 2023 | $130K | $0 | $0 | $0 | $130K |
| 2022 | $87K | $0 | $0 | $0 | $87K |
| 2021 | $110K | $0 | $0 | $0 | $110K |
| 2020 | $30K | $0 | $0 | $0 | $30K |
| 2019 | $18K | $0 | $0 | $0 | $18K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $6K | $0 | $6K | $0 | $0 |
| 2023 | $6K | $0 | $0 | $0 | $0 |
| 2022 | $6K | $0 | $6K | $0 | $0 |
| 2021 | $9K | $3K | $6K | $0 | $3K |
| 2020 | $17K | $12K | $5K | $0 | $12K |
| 2019 | $35K | $31K | $5K | $0 | $31K |
Program Expense Ratio
0.0%
Admin Expense Ratio
100.0%
Fundraising Efficiency
—
Operating Reserve
1000.0 mo
People & Compensation(Tax Year 2024)
26 records
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust reported compensation for 26 officers and key employees. Total officer compensation was $3.9M, representing 60027.6% of total expenses. 2 individuals received total compensation exceeding $500,000.
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust's highest-compensated individual received $1.4M in total compensation. Total officer compensation of $3.9M represents 60027.6% of total expenses. 2 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| MATTHEW CALDWELL | Former President and CEO - Springfield | Former | — | $0 | $1,140,880 | $1,398,944 |
| ADAM GROSHANS | President and CEO - Springfield | Officer | 1.00 | $0 | $915,346 | $1,129,104 |
| DANIEL PERSINGER MD | Board Member, Surgeon | Director | 1.00 | $0 | $439,471 | $478,112 |
| Colleen Alexander MD | Board Member, Surgeon | Director | 1.00 | $0 | $392,601 | $434,842 |
| Kristy Kohl-McCready | President, Executive Director, Community Mercy Foundation | Officer | 1.00 | $0 | $197,598 | $227,939 |
| MICHAEL ADAMSON | Board Member, VP Mission - Springfield | Director | 1.00 | $0 | $214,857 | $226,853 |
| Anthony G Scruse | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Brian Roberts | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Bud Downing | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Chris Meister | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Cortney Porter | Board Member | Director | 1.00 | $0 | $0 | $0 |
| DONALD B JOHNSON MD | Board Member | Director | 1.00 | $0 | $0 | $0 |
| John Maurer | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Cynthia Barnett | Treasurer | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Peter Foreman | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Philip Teusink | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Sandy Chinn | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Wade Smith DO | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Wendy Doolittle | Board Member | Director | 1.00 | $0 | $0 | $0 |
| William H Ray Jr | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Patricia Young | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Dala DeWitt | Secretary | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Rick Finkbine | Board Chair | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Ryan Gillam | Vice Chair | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Adam Russell | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Afsheen Ansari Rizvi MD | Board Member | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
DANIEL PERSINGER MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MICHAEL ADAMSON
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Colleen Alexander MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MATTHEW CALDWELL
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ADAM GROSHANS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Kristy Kohl-McCready
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust has 3 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 21 members, 18 of whom are independent.
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust does not have audited financial statements.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 1985–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $72K | $6K | $1.1M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $130K | $6K | $1.0M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $87K | $6K | $908K |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $110K | $9K | $1.0M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $30K | $17K | $912K |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $18K | $35K | $804K |
| 1985–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Wallace S Murray and Frances Rabbitts Murray Memorial Trust do?
TRUST INCOME IS TO BE USED FOR THE CARE OF THE INDIGENT SICK TREATED AT COMMUNITY MERCY HEALTH PARTNERS DBA SPRINGFIELD REGIONAL MEDICAL CENTER.
How much revenue does The Wallace S Murray and Frances Rabbitts Murray Memorial Trust have?
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust reported $72,446 in total revenue for tax year 2024, down 44.2% from the prior year.
Who is the highest-paid executive at The Wallace S Murray and Frances Rabbitts Murray Memorial Trust?
MATTHEW CALDWELL, Former President and CEO - Springfield, received $1,398,944 in total compensation as of tax year 2024.
Is The Wallace S Murray and Frances Rabbitts Murray Memorial Trust a 501(c)(3)?
Yes, The Wallace S Murray and Frances Rabbitts Murray Memorial Trust is classified as a 501(c)(3) tax-exempt organization.
Where is The Wallace S Murray and Frances Rabbitts Murray Memorial Trust located?
The Wallace S Murray and Frances Rabbitts Murray Memorial Trust is headquartered in SPRINGFIELD, OH 45504.
Is The Wallace S Murray and Frances Rabbitts Murray Memorial Trust audited?
No, The Wallace S Murray and Frances Rabbitts Murray Memorial Trust does not currently have audited financial statements.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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