ACCOUNTABILITY
Financials
The Foundation is a 501(c)(3) public charity funded by community gifts and an investment portfolio built over nearly fifty years. Our audited statements, Form 990s, and annual reports are published here in full.
SIHF completed its disaffiliation from Baptist Health Floyd in 2023 and spent the following two years closing out grant commitments tied to that relationship. Grantmaking in 2025 reflects that transition. Beginning in 2026, the Foundation is deploying $630,000 annually through the Strategic Partnerships Fund.
$422,924
YEAR ENDED DECEMBER 31, 2025
Grants awarded in 2025
Statement of activities
$25.5M
Total net assets at December 31, 2025
20 / 20
BBB Standards for Charity Accountability met
REVENUE, SUPPORT, AND GAINS
Net investment return
Golf outing
Audited financial statements, 2025
Total revenue, support and gains
Contributions and grants
2025 Annual Report
EXPENSES
Form 990, 2024
Grant awards
Other program expenses
Fundraising
OVERSIGHT
General and administrative
An accredited charity
Total revenue, support and gains
Change in net assets
The Foundation meets all 20 BBB Standards for Charity Accountability. Financial statements are audited annually by Harding, Shymanski & Company, P.S.C., an independent firm; the report for the year ended December 31, 2025 is dated July 2, 2026 and expressed an unmodified opinion. Grant awards are recorded as expenses when they are approved by the Board for payment.
DOCUMENTS
2025
$4,282,488
53,693
13,668
Figures are drawn from the audited financial statements of Floyd Memorial Foundation, Inc. d/b/a Southern Indiana Health Foundation for the year ended December 31, 2025, audited by Harding, Shymanski & Company, P.S.C. 2024 amounts are presented as summarized comparative totals.
$4,349,849
$422,924
60,800
119,129
165,757
$768,610
$3,581,239
2024
$3,203,245
60,999
24,177
$3,288,421
$1,012,383
87,393
45,086
123,993
$1,268,855
$2,019,566
Investments
At December 31, 2025
Investments limited as to use
$4,053,264
Cash
$850,698
Total assets
$25,478,988
Total liabilities
$7,703
Total net assets
$25,471,285
Of total net assets, $11,447,766 is a Board-designated endowment fund and $639,195 carries donor restrictions.
$20,505,782
FINANCIAL POSITION