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Nonprofiteer
← H B MAGRUDER MEMORIAL HOSPITAL

Form 990 for tax year 2023

Filed by H B MAGRUDER MEMORIAL HOSPITAL.

Totals

Total revenue
$64,980,123
Total expenses
$64,868,425
Contributions and grants received
$3,285,762
Grants paid
$17,500
Program service revenue
$57,292,703
Investment income
$577,717
Other revenue
$3,823,941
Total assets, end of year
$58,266,157
Total liabilities, end of year
$13,965,937
Net assets or fund balances, end of year
$44,300,220
Program services expenses (Part IX)
$56,644,305
Management and general expenses
$8,203,525
Fundraising expenses
$20,595
Program service expenses (Part III)
$56,644,305

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,174,162

  • 1f · All other contributions, gifts and grants

    $111,600

  • 2a · Program service revenue: HEALTHCARE SERVICES

    total $56,920,387 · related or exempt $56,920,387

  • 2b · Program service revenue: PHYSICIAN OFFICE RENTAL

    total $372,316 · related or exempt $372,316

  • 3 · Investment income

    total $569,948 · excluded $569,948

  • 6a · Gross rents

    real property $21,096

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $21,096

  • 6d · Net rental income or loss

    total $21,096 · excluded $21,096

  • 7a · Gross sales of assets other than inventory

    securities $3,337,436

  • 7b · Less cost or other basis and sales expenses

    securities $3,328,183 · other assets $1,484

  • 7c · Gain or loss

    securities $9,253 · other assets -$1,484

  • 7d · Net gain or loss

    total $7,769 · excluded $7,769

  • 11a · Other revenue: RETAIL PHARMACY

    total $1,987,292 · unrelated business $930,064 · excluded $1,057,228

  • 11b · Other revenue: INSURANCE SETTLEMENT

    total $1,001,913 · excluded $1,001,913

  • 11c · Other revenue: MOBILE MEALS/FOOD SERVICE

    total $381,191 · excluded $381,191

  • 11d · All other revenue

    total $432,449 · related or exempt $336,739 · excluded $95,710

  • 11e · Other revenue, total

    $3,802,845

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,500 · program services $17,500

  • 5 · Compensation of officers, directors and key employees

    total $627,513 · management and general $627,513

  • 7 · Other salaries and wages

    total $18,342,013 · program services $16,040,666 · management and general $2,299,379 · fundraising $1,968

  • 8 · Pension plan contributions

    total $738,330 · program services $683,261 · management and general $54,225 · fundraising $844

  • 9 · Other employee benefits

    total $3,853,605 · program services $3,526,881 · management and general $321,067 · fundraising $5,657

  • 10 · Payroll taxes

    total $1,798,318 · program services $1,625,547 · management and general $170,780 · fundraising $1,991

  • 11b · Fees: legal

    total $22,261 · management and general $22,261

  • 11c · Fees: accounting

    total $129,150 · management and general $129,150

  • 11g · Fees: other

    total $14,800,939 · program services $13,583,747 · management and general $1,216,260 · fundraising $932

  • 12 · Advertising and promotion

    total $126,837 · program services $126,837

  • 13 · Office expenses

    total $923,955 · program services $798,175 · management and general $125,613 · fundraising $167

  • 14 · Information technology

    total $1,696,715 · program services $1,464,782 · management and general $229,134 · fundraising $2,799

  • 16 · Occupancy

    total $2,918,556 · program services $2,566,577 · management and general $349,965 · fundraising $2,014

  • 17 · Travel

    total $19,289 · program services $10,854 · management and general $8,431 · fundraising $4

  • 20 · Interest

    total $210,607 · management and general $210,607

  • 22 · Depreciation, depletion and amortization

    total $3,183,660 · program services $2,716,387 · management and general $463,071 · fundraising $4,202

  • 23 · Insurance

    total $390,256 · program services $120,043 · management and general $270,213

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $10,724,510 · program services $10,724,510

  • 24b · Other expenses: BAD DEBT

    total $2,192,100 · program services $2,192,100

  • 24c · Other expenses: FRANCHISE FEES

    total $1,342,314 · management and general $1,342,314

  • 24d · Other expenses: FOOD

    total $331,860 · program services $326,866 · management and general $4,994

  • 24e · All other expenses

    total $478,137 · program services $119,572 · management and general $358,548 · fundraising $17

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $975,790 · end of year $1,285,259

  • 2 · Savings and temporary cash investments

    beginning of year $10,629,911 · end of year $12,684,299

  • 4 · Accounts receivable

    beginning of year $5,882,382 · end of year $5,689,459

  • 7 · Other notes and loans receivable

    beginning of year $434,539 · end of year $494,503

  • 8 · Inventories for sale or use

    beginning of year $826,841 · end of year $546,832

  • 9 · Prepaid expenses and deferred charges

    beginning of year $569,231 · end of year $452,158

  • 10a · Land, buildings and equipment: cost or other basis

    $87,920,708

  • 10b · Land, buildings and equipment: accumulated depreciation

    $63,096,086

  • 10c · Land, buildings and equipment, net

    beginning of year $28,465,584 · end of year $24,824,622

  • 11 · Investments: publicly traded securities

    beginning of year $5,450,906 · end of year $9,685,737

  • 12 · Investments: other securities

    beginning of year $137,153 · end of year $94,500

  • 15 · Other assets

    beginning of year $4,814,831 · end of year $2,508,788

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,589,495 · end of year $4,616,970

  • 23 · Secured mortgages and notes payable

    beginning of year $7,882,808 · end of year $7,421,588

  • 25 · Other liabilities

    beginning of year $867,928 · end of year $1,927,379

  • 27 · Net assets without donor restrictions

    beginning of year $42,767,269 · end of year $44,213,664

  • 28 · Net assets with donor restrictions

    beginning of year $79,668 · end of year $86,556

Mission and programs · 2023

Mission

IMPROVING LIVES TOGETHER

Activities or mission (Part I)

MAGRUDER HOSPITAL SHALL PROVIDE COMPASSIONATE CARE WITH EXCELLENT OUTCOMES.

  • MAGRUDER CONTINUES ITS COMMITMENT TO SERVING THE PUBLIC HEALTH PREVENTION AND HEALTH EDUCATION NEEDS IN THE COMMUNITIES OF OTTAWA COUNTY. -WE REACHED A TOTAL OF 524 INDIVIDUALS FOR OUR MONTHLY COMMUNITY LAB SCREENING IN 2023.-WE CONTINUE TO OFFER FLU VACCINE FOR THE PUBLIC WITH NO APPOINTMENT DURING BUSINESS HOURS 7 DAYS A WEEK AT THE PHARMACY. -WE DONATE CONFERENCE CENTER SPACE FOR SOCIAL SERVICE AGENCY MEETINGS, BLOOD DRIVES, SUPPORT GROUPS AND WELLNESS CLASSES. THERE WERE 627 INDIVIDUALS IMPACTED BY THIS AND THE VALUE OF THE SPACE WAS $2,389.-OUR NUTRITION NURSE INTERACTED WITH 114 INDIVIDUALS FOR OUR KNOW YOUR NUMBERS PROGRAM HELPING THEM UNDERSTAND THEIR LAB VALUES AND HOW TO MAKE IMPROVEMENTS.-COMMUNITY OUTREACH AND COMMUNITY HEALTH WORKER SPENT OVER 100 HOURS AT COLLABORATIVE MEETINGS FOR HOUSING, PREVENTION, SENIOR TASK FORCE AND I TEAM, COMMUNITY DAY, HOUSING AND CHILDCARE, OSU EXTENSION AND OTHERS. -OUR ONCOLOGY DIRECTOR SPENT 51 HOURS HELPING 47 PATIENTS OBTAIN ASSISTANCE FROM PHARMACEUTICAL COMPANIES AND OTHER ASSISTANCE PROGRAMS.-WE ADMINISTERED 93 FLU SHOTS AT BUSINESSES, AND SCHOOLS FOR EMPLOYEES IN 2023. THIS NUMBER CONTINUES TO GO DOWN DUE TO THE INCREASED AVAILABILITY OF OBTAINING A FLU SHOT AT MANY DIFFERENT LOCATIONS. -WE HELD OUR ANNUAL MEDICARE EDUCATION & COMPARISON EVENT AND HAD 24 ATTENDEES. WE ALSO PROVIDED ONE-ON-ONE COMPARISONS FOR 53 INDIVIDUALS SAVING THEM OVER $80,000. WE ALSO PRESENTED A MEDICARE OVERVIEW TO A LOCAL ROTARY WITH ABOUT 17 IN ATTENDANCE.-MAGRUDER SPONSORED 10 BLOOD DRIVES IN 2023. FOR THESE BLOOD DRIVES, WE NOT ONLY PROVIDE FREE SPACE AND PROMOTION OF THE EVENT, BUT WE ALSO ALLOW EMPLOYEES TO DONATE ON WORK TIME. -WE PROVIDED DISCHARGE MEALS FOR 729 PATIENTS IN 2023. -WE PROVIDED $320 OF FREE TRANSPORTATION FOR PATIENTS WHO HAD NO OTHER WAY HOME. -WE PROVIDED HEALTH EDUCATION PROGRAMS FOR 361 PARTICIPANTS ON THE TOPICS OF NUTRITION, PHYSICAL ACTIVITY, ADVANCE DIRECTIVES, DIABETES AND CANCER. WE DID A FEW GROUP EDUCATION PROGRAMS AT THE HOSPITAL AND CONTINUED TO PROVIDE HEALTH EDUCATION BLOGS ON OUR WEBSITE AND SOCIAL MEDIA AND OFFER HEALTH TIPS IN OUR MONTHLY WELLNESS CALENDAR. -ER AND URGENT CARE INSTALLED FRAMES IN EACH PATIENT ROOM AND WE HUNG FLYERS IN THERE WITH INFORMATION ABOUT MEDICATION DISPOSAL, SUPPORT GROUPS AND MEDICARE OPEN ENROLLMENT WHICH REACHED 5,352 PATIENTS.-MAGRUDER SPONSORED OR PARTICIPATED IN THE FOLLOWING COMMUNITY BUILDING ACTIVITIES: -OTTAWA COUNTY FAIR -COMMUNITY DAY (COMMUNITY RESOURCE FAIR) -4H -OVERDOSE AWARENESS -ELDER ABUSE AWARENESS -SUMMER LUNCH PROGRAMTHESE COMMUNITY BUILDING ACTIVITIES SUPPORT ORGANIZATIONS THAT ASSIST COMMUNITY MEMBERS IN OBTAINING THE RESOURCES AND SERVICES THEY NEED, WHETHER IT'S ADVOCACY, EXERCISE, SAFE AND AFFORDABLE HOUSING, SHELTER, NUTRITION, MEDICAL EQUIPMENT OR SAFE ACTIVITIES FOR TEENS.-MAGRUDER CONTINUED ITS STAFF COMMUNITY INVOLVEMENT PROGRAM WHERE THE HOSPITAL PAYS EMPLOYEES TO VOLUNTEER 4 HOURS IN THE COMMUNITY. IN 2023 MAGRUDER PAID EMPLOYEES TO VOLUNTEER 406 HOURS IN THE COMMUNITY. THESE VOLUNTEERS HOURS INCLUDED: HELPING WITH FREE SPORTS PHYSICALS, UNITED WAY EFFORTS, BLOOD PRESSURE CHECKS FOR HALL WALKERS AT LOCAL SCHOOL, OSU FINANCIAL LITERACY PROGRAM IN COUNTY MIDDLE SCHOOLS, PACKING LUNCHES FOR SUMMER LUNCH PROGRAM, VOLUNTEERING AT AREA LIGHTHOUSE, SUMMER CAMP HELPER, RINGING THE BELL FOR SALVATION ARMY, HELPING WITH FLU SHOTS, SORTING TOYS FOR TOYS FOR TOTS, 4H VOLUNTEER, LITTER PICK UP, LOCAL FOOD BANK, DONATING BLOOD AND MORE. -MAGRUDER'S LEADERSHIP TEAM ALSO CONTINUES TO PARTICIPATE IN A VARIETY OF COMMUNITY BOARDS AND ORGANIZATIONS: 3 AREA CHAMBERS OF COMMERCE, OTTAWA COUNTY COUNCIL OF HEALTH & SOCIAL CONCERNS, OTTAWA COUNTY TASK FORCE ON AGING, PREVENTION COALITION, OSU EXTENSION ADVISORY BOARD, OTTAWA COUNTY IMPROVEMENT CORPORATION, OTTAWA COUNTY BUSINESS ADVISORY COUNCIL AND OTTAWA COUNTY SAFETY COUNCIL. IN 2023 MAGRUDER PARTNERED WITH THE OTTAWA COUNTY HEALTH DEPARTMENT, THE MENTAL HEALTH BOARD OF SANDUSKY, OTTAWA, SENECA AND WYANDOT COUNTIES AND 16 OTHER COUNTY GROUPS AND AGENCIES TO COMPLETE A NEW COMMUNITY HEALTH NEEDS ASSESSMENT. BELOW ARE THE PRIORITIES AND STRATEGIES IDENTIFIED BY THESE OTTAWA COUNTY HEALTH PARTNERS:PRIORITY 1 MENTAL HEALTHSTRATEGIES: EXPAND MENTAL HEALTH AND SUICIDE PREVENTION EDUCATION IN OTTAWA COUNTY SCHOOLS, IMPLEMENT 'HANDLE WITH CARE' PROGRAM, EXPAND PEER SUPPORT SERVICES AND RECOVERY MEETINGS IN OTTAWA COUNTYPARTNERS: OTTAWA CO. HEALTH DEPT., PREVENTION COALITION, NAMI, COUNTY SCHOOLS, OAK HOUSE, JUVENILE COURT, FAMILY & CHILDREN FIRST COUNCIL, HOPE RECOVERY NETWORK, OHIO DEPT. OF PUBLIC SAFETYPRIORITY 2 SUBSTANCE USESTRATEGIES: IMPLEMENT COMMUNITY AWARENESS CAMPAIGN AND SELLER SERVICE TRAININGPARTNERS: OTTAWA CO. HEALTH DEPT., PREVENTION COALITION, RECOVERY COMMUNITY, MENTAL HEALTH & RECOVERY SERVICES BOARD, OHIO INVESTIGATIVE UNITPRIORITY 3 ACCESS TO CARESTRATEGIES: INCLUDE DOCTORS AND CLINICS IN OCTA LOOP, CREATE TELEHEALTH EDUCATION MATERIAL, LOOK AT HIRING PRIMARY CARE AND IMPLEMENTING DENTAL BUS, PROMOTE OSHIIP AND MARKETPLACE NAVIGATORS, EXPAND FIND-A-DOC SERVICES AND PROMOTE COMMUNITY HEALTH WORKER PROGRAMPARTNERS: SENIOR RESOURCES, OCTA, MAGRUDER HOSPITAL, CANCER SERVICES, OTTAWA CO. HEALTH DEPT., LUCAS COUNTY CARENET, OHIO DEPT. OF INSURANCEPRIORITY 4 ECONOMIC STABILITYSTRATEGIES: CREATE LISTING OF AVAILABLE AND AFFORDABLE CHILDCARE PROVIDERS, CREATE AFFORDABLE HOUSING OPTIONS, REDUCE HOMELESSNESS AND PRECARIOUS HOUSINGPARTNERS: OTTAWA COUNTY IMPROVEMENT CORPORATION, CHILDCARE COMMITTEE TASK FORCE, YWCA, RIVERVIEW HEALTHCARE CAMPUS, NORTHERN MANUFACTURING, NELSON MANUFACTURING, HOUSING TASK FORCE, OTTAWA CO. AUDITOR, FIRELANDS FORWARD WORKFORCE DEVELOPMENT, HOMELESSNESS COALITION, SALVATION ARMY, MUNICIPALITY DEVELOPERSPRIORITY 5 CHRONIC DISEASESSTRATEGIES: EXPAND PHYSICAL ACTIVITY OPPORTUNITIES, EXPAND HEALTH EDUCATION OPPORTUNITIES, EXPAND COMMUNITY HEALTH WORKER PROGRAMPARTNERS: OSU EXTENSION OFFICE, SENIOR RESOURCES, AREA OFFICE ON AGING, OTTAWA CO. HEALTH DEPT., MAGRUDER HOSPITAL, OTTAWA CO. BOARD OF DEVELOPMENTAL DISABILITIES, OTTAWA CO. JOB & FAMILY SERVICESPRIORITY 6 ENVIRONMENTAL CONDITIONSSTRATEGIES: INCREASE EDUCATION ON BED BUGS, REDUCE MOLD EXPOSURE, ADDRESS LOCAL EFFECTS OF CLIMATE CHANGE, EXPAND MOSQUITO SURVEY PROGRAM, EXPAND SEWAGE TREATMENT SYSTEM REPLACEMENT ASSISTANCE PROGRAMPARTNERS: OTTAWA CO. HEALTH DEPT., OTTAWA CO. JOB & FAMILY SERVICES, HOME HEALTH AGENCIES, LAW ENFORCEMENT, OCTA, SCHOOLS, LAKE ERIE SHORES & ISLANDS, EMERGENCY MANAGEMENT AGENCY, REGIONAL PLANNING, OHIO DEPT. OF HEALTH, ENVIRONMENTAL PROTECTION AGENCYMAGRUDER AND ALL OF THE OTTAWA COUNTY COMMUNITY HEALTH PARTNERS VIEW THIS ASSESSMENT AND PLAN AS A LIVING, BREATHING DOCUMENT THAT NEEDS TO REPRESENT THE CURRENT STATE OF OUR COMMUNITIES. TO THAT END, WE STRIVE TO ROUTINELY REVIEW THE DOCUMENT TO MAKE SURE THE GOALS AND STRATEGIES THAT WE ARE IMPLEMENTING ARE RELEVANT AND IMPACTFUL. CERTAINLY, THERE IS MUCH WORK TO BE DONE IN THESE AND MANY OTHER AREAS RELATED TO THE HEALTH OF OTTAWA COUNTY. WE ARE COMMITTED TO CONTINUING THAT WORK AS A HOSPITAL AND AS A PARTNER IN THE COMMUNITIES WE SERVE.

    Expenses $56,644,305 · Grants $17,500 · Revenue $57,629,442

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Deerhake

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Druckenmiller

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Soderberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nancy Osborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barry Cover MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Douglas Focht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeff Dornbusch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Sneider Dpm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Alison Falls

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ron Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Hablitzel DDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Maria Sue Crosser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Libben

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Sprenger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chris Singerling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nicholas Marsico

    PRESIDENT & CEO

    Total calculated
    $285,416
    From this org
    $257,339
    From related orgs
    $0
    Other
    $28,077
    Hours/week
    43 + 2 related

    Schedule J breakdown matched by us

    Base
    $257,189
    Bonus
    $150
    Other
    $0
    Deferred
    $9,855
    Nontaxable benefits
    $18,222
    Filer's total
    $285,416

  • Kimberly Schreiner

    VP NURSING & CNO

    Total calculated
    $192,260
    From this org
    $155,951
    From related orgs
    $0
    Other
    $36,309
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,951
    Bonus
    $0
    Other
    $0
    Deferred
    $6,271
    Nontaxable benefits
    $30,038
    Filer's total
    $192,260

  • Robert Goshia

    VP FINANCE & CFO

    Total calculated
    $101,486
    From this org
    $86,229
    From related orgs
    $0
    Other
    $15,257
    Hours/week
    45

  • Julie Georgoff

    VP FINANCE & CFO - PART YEAR

    Total calculated
    $48,350
    From this org
    $47,106
    From related orgs
    $0
    Other
    $1,244
    Hours/week
    43 + 2 related

  • Raymond Fuller

    PHYSICIAN

    Total calculated
    $512,887
    From this org
    $470,334
    From related orgs
    $0
    Other
    $42,553
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $470,334
    Bonus
    $0
    Other
    $0
    Deferred
    $11,761
    Nontaxable benefits
    $30,792
    Filer's total
    $512,887

  • Davie Bodie

    PHYSICIAN

    Total calculated
    $327,017
    From this org
    $286,263
    From related orgs
    $0
    Other
    $40,754
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $194,174
    Bonus
    $92,089
    Other
    $0
    Deferred
    $10,408
    Nontaxable benefits
    $30,346
    Filer's total
    $327,017

  • Sean Callahan

    PHYSICIAN

    Total calculated
    $296,033
    From this org
    $264,647
    From related orgs
    $0
    Other
    $31,386
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $167,935
    Bonus
    $96,712
    Other
    $0
    Deferred
    $9,351
    Nontaxable benefits
    $22,035
    Filer's total
    $296,033

  • Karen Klaege

    PHYSICIAN

    Total calculated
    $288,641
    From this org
    $248,899
    From related orgs
    $0
    Other
    $39,742
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $216,453
    Bonus
    $32,446
    Other
    $0
    Deferred
    $9,443
    Nontaxable benefits
    $30,299
    Filer's total
    $288,641

  • Chad Blunt

    PHYSICIAN

    Total calculated
    $228,356
    From this org
    $204,928
    From related orgs
    $0
    Other
    $23,428
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $198,225
    Bonus
    $6,703
    Other
    $0
    Deferred
    $5,365
    Nontaxable benefits
    $18,063
    Filer's total
    $228,356

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE CEO RECEIVES REIMBURSEMENT FOR SOCIAL CLUB DUES; REIMBURSEMENT IS TREATED AS TAXABLE COMPENSATION TO THE CEO. THE ORGANIZATION USES FACILITY FOR VARIOUS STAFF FUNCTIONS THROUGHOUT THE YEAR. THIS TRANSACTION IS ANNUALLY BOARD APPROVED.
PART I, LINE 7
BONUSES TO THE CEO AND OTHER MEMBERS OF THE LEADERSHIP TEAM ARE DETERMINED AND APPROVED AT THE DISCRETION OF THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MAGRUDER MEDICAL GROUP LTD

    MEDICAL GROUP · OH · income $3,625,409 · assets $0

    Directly controlled by H B MAGRUDER MEMORIAL HOSPITAL

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MAGRUDER PAIN MANAGEMENT LLC

    RELATED · PAIN MANAGEMENT · OH · 51% owned · share of income $336,739 · share of assets $309,085 · general or managing partner

    Directly controlled by H B MAGRUDER MEMORIAL HOSPITAL

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403209349324865

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