Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $355,816

• 1d · Related organizations

  $1,757,978

• 1e · Government grants (contributions)

  $7,500

• 1f · All other contributions, gifts and grants

  $1,057,802

• 1g · Noncash contributions included above

  $164,076

• 3 · Investment income

  total $225,146 · excluded $225,146

• 7a · Gross sales of assets other than inventory

  securities $1,105,820

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

  securities $958,244

• 7c · Gain or loss

  securities $147,576

• 7d · Net gain or loss

  total $147,576 · related or exempt $147,576

• 8a · Fundraising events: gross income

  $55,500

• 8a · Fundraising events: contributions included on line 1c

  $355,816

• 8b · Fundraising events: direct expenses

  $332,375

• 8c · Net income from fundraising events

  total -$276,875 · excluded -$276,875

• 9a · Gaming: gross income

  $96,295

• 9b · Gaming: direct expenses

  $58,306

• 9c · Net income from gaming

  total $37,989 · excluded $37,989

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,301,987 · program services $6,301,987

• 2 · Grants to domestic individuals

  total $116,820 · program services $116,820

• 11f · Fees: investment management

  total $30,706 · management and general $30,706

• 11g · Fees: other

  total $778,462 · program services $371,054 · management and general $171,270 · fundraising $236,138

• 12 · Advertising and promotion

  total $1 · fundraising $1

• 23 · Insurance

  total $7,754 · fundraising $7,754

• 24a · Other expenses: SUPPLIES

  total $21,595 · fundraising $21,595

• 24b · Other expenses: PRESENT VALUE DISCOUNT

  total $10,450 · fundraising $10,450

• 24c · Other expenses: BANK FEES

  total $4,470 · management and general $4,470

• 24d · Other expenses: BAD DEBT

  total $2,250 · fundraising $2,250

• 24e · All other expenses

  total $2,133 · fundraising $2,133

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,739,596 · end of year $1,415,167

• 3 · Pledges and grants receivable

  beginning of year $72,750

• 4 · Accounts receivable

  beginning of year $2,746,980 · end of year $473,538

• 8 · Inventories for sale or use

  beginning of year $5,607

• 12 · Investments: other securities

  end of year $3,014,724

• 17 · Accounts payable and accrued expenses

  beginning of year $245,871 · end of year $2,563,820

• 27 · Net assets without donor restrictions

  beginning of year $1,637,565 · end of year $1,637,565

• 28 · Net assets with donor restrictions

  beginning of year $4,681,497 · end of year $702,044

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE COMPENSATION COMMITTEE SHALL BE COMPOSED OF AT LEAST THREE MEMBERS OF THE BOARD, AND SHALL MEET AT LEAST TWICE EACH YEAR. THE COMPOSITION OF THE EXECUTIVE COMPENSATION COMMITTEE SHALL COMPLY WITH THE REQUIREMENTS OF THE BOARD POLICY ON CONFLICTS OF INTEREST. THE COMMITTEE SHALL HAVE THE FOLLOWING SPECIFIC DUTIES AND RESPONSIBILITIES. A. ANNUAL EVALUATION OF THE PERFORMANCE OF THE PRESIDENT. THE EXECUTIVE COMPENSATION COMMITTEE SHALL MAKE A WRITTEN REPORT OF ITS FINDINGS, TOGETHER WITH RECOMMENDATIONS FOR COMPENSATION TO THE BOARD. B. ANNUAL EVALUATION OF THE PERFORMANCE OF THE CHIEF PHYSICIAN EXECUTIVE, THE CHIEF FINANCIAL OFFICER, AND SUCH OTHER VICE PRESIDENTS AS THE BOARD SHALL DETERMINE TO REQUIRE EVALUATION BY THE EXECUTIVE COMPENSATION COMMITTEE. THE EXECUTIVE COMPENSATION COMMITTEE SHALL MAKE A WRITTEN REPORT OF ITS FINDINGS, TOGETHER WITH RECOMMENDATIONS FOR COMPENSATION, TO THE BOARD. C. ANNUAL SELF-EVALUATION OF THE BOARD AND ITS MEMBERS. D. ENSURE THAT NO PERSONAL LOANS ARE MADE TO THE PRESIDENT OR OTHER MEMBERS OF THE ADMINISTRATION OF THE CORPORATION. IN CARRYING OUT ITS DUTIES, THE EXECUTIVE COMPENSATION COMMITTEE SHALL HAVE THE AUTHORITY TO HIRE COMPENSATION CONSULTANTS AND SHALL OBTAIN DATA ON COMPENSATION RANGES FOR COMPARABLE EXECUTIVE POSITIONS AT LEAST EVERY OTHER YEAR.

PART I, LINE 4B

LINE 4B: THE FOLLOWING PAYMENTS WERE DISTRIBUTED FROM A RELATED ORGANIZATION'S 457(F) PLAN: REGINA CAMPBELL, CHIEF NURSING OFFICER $133,496 HOYT BURDICK, VP CMO $198,063 LARRY DIAL, EX OFFICIO CPE & CHIEF CLINICAL OFFICER $167,645

SCHEDULE J, PAGE 2, PART II

THE FOUNDATION DOES NOT PAY ANY SALARIES, AND NO DONATIONS TO THE FOUNDATION ARE USED FOR COMPENSATION PURPOSES. ALL COMPENSATION IS PAID BY ST. MARY'S MEDICAL CENTER, INC. AND MARSHALL HEALTH NETWORK, INC.