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Nonprofiteer
← EPHRAIM MCDOWELL HEALTH INC

Form 990 for tax year 2022

Filed by EPHRAIM MCDOWELL HEALTH INC.

Totals

Total revenue
$9,559,300
Total expenses
$7,164,300
Contributions and grants received
$0
Grants paid
$17,603
Program service revenue
$4,275,171
Investment income
$5,237,191
Other revenue
$46,938
Total assets, end of year
$238,402,380
Total liabilities, end of year
$237,587,973
Net assets or fund balances, end of year
$814,407
Program services expenses (Part IX)
$7,164,300
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,164,300

Program services were 100.0% 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.

  • 2a · Program service revenue: SHARED SVCS PROVIDED TO AFFILIATED ORGS

    total $4,275,171 · related or exempt $4,275,171

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $4,253,046 · excluded $4,253,046

  • 6a · Gross rents

    real property $928

  • 6c · Rental income or loss

    real property $928 · personal property $0

  • 6d · Net rental income or loss

    total $928 · excluded $928

  • 7a · Gross sales of assets other than inventory

    securities $2,550,172

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

    securities $1,566,027

  • 7c · Gain or loss

    securities $984,145 · other assets $0

  • 7d · Net gain or loss

    total $984,145 · excluded $984,145

  • 11a · Other revenue: Other Income

    total $46,010 · related or exempt $46,010

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $46,010

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,603 · program services $1,603

  • 2 · Grants to domestic individuals

    total $16,000 · program services $16,000

  • 5 · Compensation of officers, directors and key employees

    total $1,323,720 · program services $1,323,720

  • 7 · Other salaries and wages

    total $1,221,577 · program services $1,221,577

  • 8 · Pension plan contributions

    total $135,443 · program services $135,443

  • 9 · Other employee benefits

    total $474,534 · program services $474,534

  • 10 · Payroll taxes

    total $116,276 · program services $116,276

  • 11b · Fees: legal

    total $757,282 · program services $757,282

  • 11c · Fees: accounting

    total $47,000 · program services $47,000

  • 11f · Fees: investment management

    total $129,251 · program services $129,251

  • 11g · Fees: other

    total $304,104 · program services $304,104 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $490,387 · program services $490,387

  • 13 · Office expenses

    total $956,774 · program services $956,774

  • 14 · Information technology

    total $3,375 · program services $3,375

  • 16 · Occupancy

    total $550,602 · program services $550,602

  • 17 · Travel

    total $16,826 · program services $16,826

  • 19 · Conferences, conventions and meetings

    total $76,245 · program services $76,245

  • 22 · Depreciation, depletion and amortization

    total $3,459 · program services $3,459

  • 23 · Insurance

    total $150,592 · program services $150,592

  • 24a · Other expenses: Physician Recruitment

    total $165,625 · program services $165,625

  • 24b · Other expenses: Employee Recruitment

    total $83,796 · program services $83,796

  • 24c · Other expenses: Dues

    total $57,118 · program services $57,118

  • 24d · Other expenses: Administration Misc

    total $46,937 · program services $46,937

  • 24e · All other expenses

    total $35,774 · program services $35,774 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $907,537 · end of year $935,505

  • 2 · Savings and temporary cash investments

    beginning of year $132,046,803 · end of year $128,963,996

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year -$15,285 · end of year -$16,004

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $963,727 · end of year $1,027,118

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

    $11,776,714

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

    $1,082,739

  • 10c · Land, buildings and equipment, net

    beginning of year $9,218,172 · end of year $10,693,975

  • 11 · Investments: publicly traded securities

    beginning of year $78,632,799 · end of year $94,274,201

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $10,229,053 · end of year $334,363

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,406,592 · end of year $2,189,226

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,223,734 · end of year $10,149,569

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $36,510,856 · end of year $34,880,856

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 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 $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $192,638,394 · end of year $192,557,548

  • 27 · Net assets without donor restrictions

    beginning of year -$4,983,586 · end of year $814,407

  • 28 · Net assets with donor restrictions

    beginning of year $0

Mission and programs · 2022

Mission

EPHRAIM MCDOWELL HEALTH IS COMMITTED TO HELPING PEOPLE LIVE HEALTHIER THROUGH QUALITY HEALTH CARE, TRUSTING RELATIONSHIPS, AND PROVIDING VALUE TO THE PEOPLE WE SERVE.

  • THE EPHRAIM MCDOWELL HEALTH SYSTEM IS A COMPREHENSIVE, INTEGRATED HEALTHCARE DELIVERY SYSTEM THAT SERVICES MORE THAN 119,000 RESIDENTS FROM SIX COUNTIES IN CENTRAL KENTUCKY. OUR COMPREHENSIVE RANGE OF MEDICAL SERVICES INCLUDES THE REGION'S MOST ADVANCED TECHNOLOGY AND SKILLED HEALTH CARE PROVIDERS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

    Expenses $7,164,300 · Revenue $4,321,181

As filed on the 2022 return.

Listed in Part VII

  • Daniel McKay

    PRESIDENT & CFO

    Total calculated
    $852,284
    From this org
    $792,327
    From related orgs
    $0
    Other
    $59,957
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $604,355
    Bonus
    $172,218
    Other
    $15,754
    Deferred
    $24,400
    Nontaxable benefits
    $35,557
    Filer's total
    $852,284

  • Eric Gurrant MD

    VICE CHAIR

    Total calculated
    $7,450
    From this org
    $7,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 15 related

  • Julian Gander

    CHAIR

    Total calculated
    $3,450
    From this org
    $3,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 15 related

  • Sheree Gilliam

    SECRETARY

    Total calculated
    $3,450
    From this org
    $3,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 15 related

  • Thomas Hager

    TREASURER

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 15 related

  • Anne Turcea MD

    BOARD MEMBER

    Total calculated
    $25,150
    From this org
    $25,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • Brian Ellis MD

    BOARD MEMBER

    Total calculated
    $450,201
    From this org
    $0
    From related orgs
    $401,294
    Other
    $48,907
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,779 related
    Bonus
    $0 + $143,794 related
    Other
    $0 + $61,721 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $24,507 related
    Filer's total
    $0 + $450,201 related

  • Chris Whitworth

    BOARD MEMBER

    Total calculated
    $1,950
    From this org
    $1,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • David Grigson

    BOARD MEMBER

    Total calculated
    $3,450
    From this org
    $3,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • Eric Caldwell

    BOARD MEMBER

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • James W Dunn

    BOARD MEMBER

    Total calculated
    $4,950
    From this org
    $4,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5 related

  • Jeremy Tarter MD

    BOARD MEMBER

    Total calculated
    $7,300
    From this org
    $7,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • Joetta Wickliffe

    BOARD MEMBER

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • Kay Richardson

    BOARD MEMBER

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • Linda Tillman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 5.5 related

  • Mike Taylor

    BOARD MEMBER

    Total calculated
    $3,450
    From this org
    $3,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • Rebecca Chatham MD

    BOARD MEMBER

    Total calculated
    $11,450
    From this org
    $11,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • Scott Bottoms

    BOARD MEMBER

    Total calculated
    $3,450
    From this org
    $3,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • Tiffany Yeast

    BOARD MEMBER

    Total calculated
    $3,450
    From this org
    $3,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5.5 related

  • Amanda Kinman

    CFO

    Total calculated
    $383,229
    From this org
    $329,991
    From related orgs
    $0
    Other
    $53,238
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $272,139
    Bonus
    $49,003
    Other
    $8,849
    Deferred
    $20,500
    Nontaxable benefits
    $32,738
    Filer's total
    $383,229

  • Dr Gary Bunch

    CMO

    Total calculated
    $369,921
    From this org
    $338,399
    From related orgs
    $0
    Other
    $31,522
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $270,774
    Bonus
    $27,921
    Other
    $39,704
    Deferred
    $24,400
    Nontaxable benefits
    $7,122
    Filer's total
    $369,921

  • Tammy Ensslin

    GENERAL COUNCIL

    Total calculated
    $367,063
    From this org
    $309,450
    From related orgs
    $0
    Other
    $57,613
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $251,856
    Bonus
    $47,771
    Other
    $9,823
    Deferred
    $24,400
    Nontaxable benefits
    $33,213
    Filer's total
    $367,063

  • Jeremy Cocanougher

    DIRECTOR OF MARKETING

    Total calculated
    $131,816
    From this org
    $93,161
    From related orgs
    $0
    Other
    $38,655
    Hours/week
    40

  • Josh Greeman

    DIRECTOR PRACTICE MGMT

    Total calculated
    $138,077
    From this org
    $113,323
    From related orgs
    $0
    Other
    $24,754
    Hours/week
    40

  • William Snapp III

    VP & CFO UNTIL 6/30/21

    Total calculated
    $315,471
    From this org
    $295,271
    From related orgs
    $0
    Other
    $20,200
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    -$5,847
    Bonus
    $49,457
    Other
    $251,661
    Deferred
    $0
    Nontaxable benefits
    $20,200
    Filer's total
    $315,471

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 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
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
WILLIAM SNAPP, III LEFT EPHRAIM MCDOWELL IN JUNE 2021. HIS SEVERANCE OF $241,786 WAS REPORTED IN HIS W-2.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
EPHRAIM MCDOWELL HEALTH, INC. AND ITS AFFILIATES HAVE MANAGEMENT INCENTIVE PLANS FOR CORPORATE OFFICERS, SENIOR VICE-PRESIDENTS, VICE-PRESIDENTS, AND DIRECTORS. ANNUAL PAYOUTS RELATED TO THESE INCENTIVE PLANS HAVE TWO COMPONENTS. 30% OF THE ANNUAL PAYOUT IS BASED ON NET OPERATING INCOME GOALS COMPARED TO BUDGET. THE OTHER 70% IS BASED ON QUALITY MEASURES, PATIENT SATISFACTION GOALS, ASSOCIATE SATISFACTION GOALS, AND SAFETY MEASURES.

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.

Related partnerships

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

  • CTRL KY SURGERY CTR

    Related · MEDICAL SERVICES · KY · share of income $0 · share of assets $0

    Directly controlled by EM REG MED CTR

Related corporations and trusts

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

  • COOPERATIVECARE INC

    C Corporation · CONTRACTING · KY · 100% owned · share of income $6,000 · share of assets $20,505

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
16 August 2024
IRS schema version
2022v5.0
Source object
202412289349304206

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