Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,999,022

• 1f · All other contributions, gifts and grants

  $5,500

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $150,296,281 · related or exempt $149,681,689 · unrelated business $614,592

• 2b · Program service revenue: OCCUPATIONAL HEALTH REVENUE

  total $703,168 · related or exempt $703,168

• 3 · Investment income

  total $3,872,637 · excluded $3,872,637

• 6a · Gross rents

  real property $406,987

• 6b · Less rental expenses

  real property $331,891

• 6c · Rental income or loss

  real property $75,096

• 6d · Net rental income or loss

  total $75,096 · excluded $75,096

• 7a · Gross sales of assets other than inventory

  securities $855,604 · other assets $939,200

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

  securities $914,758 · other assets $173,314

• 7c · Gain or loss

  securities -$59,154 · other assets $765,886

• 7d · Net gain or loss

  total $706,732 · excluded $706,732

• 11a · Other revenue: CAFETERIA

  total $373,335 · excluded $373,335

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $347,715 · excluded $347,715

• 11c · Other revenue: VENDOR REBATES

  total $340,699 · excluded $340,699

• 11d · All other revenue

  total $95,096 · excluded $95,096

• 11e · Other revenue, total

  $1,156,845

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,563,421 · management and general $2,563,421

• 7 · Other salaries and wages

  total $66,285,141 · program services $56,724,594 · management and general $9,560,547

• 8 · Pension plan contributions

  total $452,783 · program services $343,571 · management and general $109,212

• 9 · Other employee benefits

  total $5,940,984 · program services $4,292,727 · management and general $1,648,257

• 10 · Payroll taxes

  total $5,101,507 · program services $3,620,213 · management and general $1,481,294

• 11b · Fees: legal

  total $383,421 · program services $210,964 · management and general $172,457

• 11c · Fees: accounting

  total $318,211 · program services $55,000 · management and general $263,211

• 11d · Fees: lobbying

  total $105,888 · management and general $105,888

• 11f · Fees: investment management

  total $1,673 · management and general $1,673

• 11g · Fees: other

  total $30,279,850 · program services $20,549,195 · management and general $9,730,655

• 12 · Advertising and promotion

  total $1,234,489 · program services $50,144 · management and general $1,184,345

• 13 · Office expenses

  total $2,627,518 · program services $2,018,429 · management and general $609,089

• 14 · Information technology

  total $1,226,230 · program services $1,071,944 · management and general $154,286

• 16 · Occupancy

  total $6,047,228 · program services $4,704,130 · management and general $1,343,098

• 17 · Travel

  total $36,574 · program services $30,190 · management and general $6,384

• 20 · Interest

  total $3,509,368 · program services $3,333,900 · management and general $175,468

• 22 · Depreciation, depletion and amortization

  total $5,271,106 · program services $3,798,849 · management and general $1,472,257

• 23 · Insurance

  total $2,890,187 · program services $2,159,299 · management and general $730,888

• 24a · Other expenses: MEDICAL SUPPLIES

  total $13,521,289 · program services $13,516,861 · management and general $4,428

• 24b · Other expenses: DRUGS

  total $10,770,782 · program services $10,770,782

• 24c · Other expenses: FOOD

  total $862,190 · program services $862,190

• 24d · Other expenses: OPERATING LEASE EXPENSE

  total $840,559 · program services $840,559

• 24e · All other expenses

  total $654,787 · program services $412,771 · management and general $242,016

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,389,329 · end of year $47,316

• 2 · Savings and temporary cash investments

  beginning of year $5,690,344 · end of year $108,449

• 4 · Accounts receivable

  beginning of year $21,714,906 · end of year $18,689,822

• 5 · Loans and receivables from officers and key people

  end of year $2,241,375

• 8 · Inventories for sale or use

  beginning of year $1,991,366 · end of year $2,092,070

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,661,960 · end of year $4,796,686

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

  $190,601,156

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

  $142,721,074

• 10c · Land, buildings and equipment, net

  beginning of year $52,161,285 · end of year $47,880,082

• 11 · Investments: publicly traded securities

  beginning of year $5,194,621 · end of year $890,297

• 12 · Investments: other securities

  beginning of year $6,399,573 · end of year $6,886,102

• 13 · Investments: program-related

  beginning of year $6,330,817 · end of year $6,254,535

• 14 · Intangible assets

  end of year $3,898,735

• 15 · Other assets

  beginning of year $8,862,539 · end of year $9,551,560

• 17 · Accounts payable and accrued expenses

  beginning of year $56,430,907 · end of year $64,688,127

• 19 · Deferred revenue

  beginning of year $3,015,148 · end of year $1,487,561

• 20 · Tax-exempt bond liabilities

  beginning of year $33,451,692 · end of year $32,344,477

• 23 · Secured mortgages and notes payable

  beginning of year $27,676,608 · end of year $21,699,501

• 25 · Other liabilities

  beginning of year $882,812 · end of year $7,392,942

• 27 · Net assets without donor restrictions

  beginning of year -$17,432,935 · end of year -$33,665,688

• 28 · Net assets with donor restrictions

  beginning of year $9,372,508 · end of year $9,390,109

The filer's explanations (Part III)

PART I, LINE 4B

BRISTOL HOSPITAL PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO ITS CHIEF EXECUTIVE OFFICER ("CEO") THROUGH AN ALTERNATIVE FUNDING ARRANGEMENT THE IRS CALLS "LOAN-REGIME SPLIT-DOLLAR" ("LRSD"). ALTHOUGH THE IRS REQUIRES LRSD TO COMPLY WITH THE TAX PRINCIPLES OF A LOAN FOR FEDERAL INCOME TAX PURPOSES (IRC 7872), LRSD IS NOT AN ACTUAL LOAN. NO FUNDS ARE TRANSFERRED TO THE EXECUTIVE. RATHER, THE "LOAN" TREATMENT APPLIES BECAUSE AFTER THE EXECUTIVE HAS RECEIVED RETIREMENT BENEFITS (SUBJECT TO VESTING REQUIREMENTS AND POLICY INVESTMENT PERFORMANCE), BRISTOL HOSPITAL RECOVERS ALL ITS OUTLAYS PLUS A MARKET RATE OF INTEREST. AS WITH AN EMPLOYER-EMPLOYEE LOAN, AND CONSISTENT WITH THE 2003 FINAL REGULATIONS AND IRC 7872, THE PLAN IS NON-COMPENSATORY TO THE PARTICIPATING EXECUTIVE, AS THE LOAN IS REPAID PLUS INTEREST UPON THE DEATH OF THE EXECUTIVE. UNDER THE REGULATIONS, THERE IS NO COMPENSATION IMPUTED TO THE EXECUTIVE. THE BRISTOL HOSPITAL LRSD PLAN WORKS AS FOLLOWS. BRISTOL HOSPITAL DEPOSITED FUNDS DIRECTLY INTO CASH VALUE LIFE INSURANCE POLICIES ON THE CEO'S LIFE. DURING LIFE, TO THE EXTENT THE CEO FULFILLS SERVICE AND VESTING REQUIREMENTS, THE CEO CAN BORROW AGAINST VALUES IN THE POLICIES TO SUPPLEMENT RETIREMENT INCOME. POLICY PERFORMANCE IS CLOSELY MONITORED. IF POLICY PERFORMANCE LAGS, THE CEO'S BORROWING RIGHTS COULD BE REDUCED TO PROTECT BRISTOL HOSPITAL'S RECOVERY RIGHTS. AT THE CEO'S DEATH, THE POLICY DEATH PROCEEDS ARE FIRST USED TO REPAY BRISTOL HOSPITAL'S DEPOSITS PLUS COMPOUNDED INTEREST (AT THE IRS LONG-TERM APPLICABLE FEDERAL RATE). THE CEO'S BENEFICIARY THEN RECEIVES ANY PROJECTED RETIREMENT BORROWING NOT ACCESSED DURING LIFE. SEVERAL EXECUTIVES PARTICIPATE IN THE HOSPITAL'S 457(F) DEFINED CONTRIBUTION PLAN, HOWEVER, NO CONTRIBUTIONS WERE MADE BY THE ORGANIZATION DURING THE YEAR. THE FOLLOWING INDIVIDUALS MAY RECEIVE CONTRIBUTIONS BY THE ORGANIZATION UNDER THE PLAN: EDWARD HENRY, CHRIS ANN MEANEY, CHRISTINE LAPRISE, AND TIMOTHY AJAYI.

PART I, LINE 7

CERTAIN EXECUTIVES ARE PAID VARIABLE COMPENSATION BASED ON PRE-APPROVED QUALITY, SAFETY AND FINANCIAL GOALS.

PART I, LINE 8

AMOUNTS WERE PAID TO KURT BARWIS PURSUANT TO A CONTRACT WITH THE HOSPITAL THAT WAS SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGS. SECTION 53.4958-4(A)(3). THE HOSPITAL FOLLOWED THE REBUTTABLE PRESUMPTION PROCEDURE DESCRIBED IN REGS. SECTION 53.4958-6(C).

Disregarded entities

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

• HG PROPERTY HOLDINGS LLC

  REAL ESTATE · CT · income $0 · assets $1,153,265

  Directly controlled by BRISTOL HOSPITAL INC

Related partnerships

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

• BRISTOL MSO LLC

  RELATED · RADIOLOGY SERVICES · CT · 50% owned · share of income -$41,798 · share of assets $407,536 · general or managing partner

  Directly controlled by BRISTOL HOSPITAL INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• BRISTOL HOSPITAL EMS LLC

  C · EMERGENCY MEDICAL SERVICES · CT