Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $682,643

• 2a · Program service revenue: NET PATIENT REVENUE

  total $222,130,769 · related or exempt $222,130,769

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $3,469,631 · excluded $3,469,631

• 6a · Gross rents

  real property $168,295

• 6b · Less rental expenses

  real property $193,009

• 6c · Rental income or loss

  real property -$24,714 · personal property $0

• 6d · Net rental income or loss

  total -$24,714 · excluded -$24,714

• 7a · Gross sales of assets other than inventory

  securities $15,124,822

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

  securities $8,095,841

• 7c · Gain or loss

  securities $7,028,981 · other assets $0

• 7d · Net gain or loss

  total $7,028,981 · excluded $7,028,981

• 11a · Other revenue: MISC REVENUE

  total $644,242 · excluded $644,242

• 11b · Other revenue: CAFETERIA SALES

  total $362,589 · excluded $362,589

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $1,006,831

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $210,444 · program services $210,444

• 5 · Compensation of officers, directors and key employees

  total $1,110,075 · management and general $1,110,075

• 7 · Other salaries and wages

  total $84,086,606 · program services $72,432,568 · management and general $11,654,038

• 8 · Pension plan contributions

  total $961,033 · program services $807,564 · management and general $153,469

• 9 · Other employee benefits

  total $10,013,472 · program services $8,414,408 · management and general $1,599,064

• 10 · Payroll taxes

  total $5,433,278 · program services $4,565,631 · management and general $867,647

• 11a · Fees: management

  total $1,518,161 · management and general $1,518,161

• 11b · Fees: legal

  total $969,191 · program services $35,200 · management and general $933,991

• 11c · Fees: accounting

  total $205,470 · management and general $205,470

• 11g · Fees: other

  total $25,141,035 · program services $16,539,590 · management and general $8,601,445 · fundraising $0

• 12 · Advertising and promotion

  total $446,552 · management and general $446,552

• 13 · Office expenses

  total $3,595,691 · program services $1,759,503 · management and general $1,836,188

• 14 · Information technology

  total $5,253,232 · program services $1,907,450 · management and general $3,345,782

• 16 · Occupancy

  total $2,946,230 · program services $2,937,320 · management and general $8,910

• 17 · Travel

  total $208,913 · program services $177,253 · management and general $31,660

• 19 · Conferences, conventions and meetings

  total $52,245 · program services $52,245

• 20 · Interest

  total $4,266,129 · program services $4,266,129

• 22 · Depreciation, depletion and amortization

  total $10,329,184 · program services $8,807,318 · management and general $1,521,866

• 23 · Insurance

  total $1,932,807 · program services $137,126 · management and general $1,795,681

• 24a · Other expenses: MEDICAL SUPPLIES

  total $47,410,547 · program services $47,410,547

• 24b · Other expenses: PROVIDER TAX

  total $8,491,804 · management and general $8,491,804

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $3,017,687 · program services $2,196,868 · management and general $820,819

• 24d · Other expenses: EMPLOYEE & PHYSICIAN RECRUITMENT

  total $767,692 · program services $53,236 · management and general $714,456

• 24e · All other expenses

  total $2,093,953 · program services $260,253 · management and general $1,833,700 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $18,621,489 · end of year $24,549,443

• 2 · Savings and temporary cash investments

  beginning of year $110,243,339 · end of year $120,824,182

• 4 · Accounts receivable

  beginning of year $22,777,846 · end of year $24,508,504

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $2,506,397 · end of year $2,825,022

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,825,032 · end of year $3,288,174

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

  $231,434,520

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

  $132,111,707

• 10c · Land, buildings and equipment, net

  beginning of year $89,702,037 · end of year $99,322,813

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $1,125,441 · end of year $864,650

• 15 · Other assets

  beginning of year $26,563,988 · end of year $29,252,242

• 17 · Accounts payable and accrued expenses

  beginning of year $18,656,302 · end of year $21,381,150

• 20 · Tax-exempt bond liabilities

  beginning of year $78,245,482 · end of year $87,548,092

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $3,884,409 · end of year $3,483,093

• 25 · Other liabilities

  beginning of year $28,726,317 · end of year $31,641,595

• 27 · Net assets without donor restrictions

  beginning of year $140,581,150 · end of year $157,050,054

• 28 · Net assets with donor restrictions

  beginning of year $4,271,909 · end of year $4,331,046

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

COUNTRY CLUB MEMBERSHIP DUES WERE PAID FOR THE CEO AND WERE EXCLUDED FROM TAXABLE COMPENSATION.

Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization

JSMC'S ANNUAL INCENTIVE PLAN IS BASED ON THE FOLLOWING GUIDING PRINCIPLES: - SUPPORT THE MISSION OF JSMC - RETAIN AND MOTIVATE A HIGH PERFORMANCE EXECUTIVE TEAM - REWARD SUCCESS IN ACHIEVING MEASURABLE FINANCIAL, QUALITY AND STRATEGIC GOALS - ALIGN INCENTIVE COMPENSATION AWARDS WITH THE STRATEGIC PLAN OF JSMC - ENCOURAGE HIGH LEVELS OF TEAM AND INDIVIDUAL PERFORMANCE PLAN PARTICIPANTS INCLUDE SELECT LEADERS AND MANAGERS AT JSMC. THE ANNUAL INCENTIVE AWARD LEVELS ARE: - THRESHOLD = 5% OF BASE SALARY - TARGET = 10% OF BASE SALARY - MAXIMUM = 15% OF BASE SALARY PERFORMANCE MEASURES ARE BASED ON THE PARTICIPANT'S PROGRESS AGAINST THE FOLLOWING METRICS: 1. PATIENT EXPERIENCE - HCAHPS SCORES MEETING AND/OR EXCEEDING TARGET 2. QUALITY - READMISSION RATES MEETING AND/OR EXCEEDING TARGET 3. FINANCIAL - OPERATING MARGIN MEETING AND/OR EXCEEDING VARIOUS TIERS

Schedule J, Part II COMPENSATION FROM UNRELATED ORGANIZATIONS

THE HOSPITAL CONTRACTS THE SERVICES OF ERIC LEE (CEO) AND MARK LARAMEE (CFO) WITH QHR (FORMERLY QUORUM HEALTH RESOURCES, INC.), AN UNRELATED ORGANIZATION. QHR WAS PAID $993,161 FOR SERVICES PROVIDED BY THESE INDIVIDUALS DURING 2024.

Disregarded entities

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

• FAIRVIEW PHYSICIANS NETWORK LLC

  PHYSCIAN SRVS · KY

  Directly controlled by JSMC

• WESTERN KENTUCKY MEDICAL DEVELOPMENTLLC

  RENTAL · KY

  Directly controlled by JSMC

Related partnerships

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

• PHYSICIANS' HOLDINGS LLC

  Excluded · BUILDING RENT · KY · 57% owned · share of income $249,433 · share of assets $1,370,546

  Directly controlled by JSMC

• KENTUCKY HEALTHCARE HOLDINGS I LLC

  Related · REAL ESTATE · TN · 50% owned · share of income $58,126 · share of assets $310,321

  Directly controlled by NA