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Nonprofiteer
← MARY IMOGENE BASSETT HOSPITAL

Form 990 for tax year 2022

Filed by MARY IMOGENE BASSETT HOSPITAL.

Totals

Total revenue
$641,906,216
Total expenses
$706,407,874
Contributions and grants received
$17,931,405
Grants paid
$0
Program service revenue
$618,917,200
Investment income
$5,057,611
Other revenue
$0
Total assets, end of year
$369,559,635
Total liabilities, end of year
$167,164,699
Net assets or fund balances, end of year
$202,394,936
Program services expenses (Part IX)
$670,062,396
Management and general expenses
$35,981,907
Fundraising expenses
$363,571
Program service expenses (Part III)
$670,062,396

Program services were 94.9% 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.

  • 1d · Related organizations

    $2,127,789

  • 1e · Government grants (contributions)

    $12,603,616

  • 1f · All other contributions, gifts and grants

    $3,200,000

  • 2a · Program service revenue: DIRECT PATIENT SERVICES

    total $533,545,247 · related or exempt $533,545,247

  • 2b · Program service revenue: OTHER PATIENT SERVICE REVENUE

    total $85,371,953 · related or exempt $85,371,953

  • 3 · Investment income

    total $248,967 · unrelated business $97,533 · excluded $151,434

  • 7a · Gross sales of assets other than inventory

    securities $17,288,551 · other assets $4,306,293

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

    securities $12,230,940 · other assets $4,555,260

  • 7c · Gain or loss

    securities $5,057,611 · other assets -$248,967

  • 7d · Net gain or loss

    total $4,808,644 · excluded $4,808,644

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $494,203 · management and general $494,203

  • 7 · Other salaries and wages

    total $325,460,521 · program services $302,798,430 · management and general $22,341,795 · fundraising $320,296

  • 8 · Pension plan contributions

    total $12,921,695 · program services $12,082,449 · management and general $839,246

  • 9 · Other employee benefits

    total $15,096,079 · program services $14,037,425 · management and general $1,058,654

  • 10 · Payroll taxes

    total $19,669,945 · program services $18,268,935 · management and general $1,377,779 · fundraising $23,231

  • 11b · Fees: legal

    total $3,119,181 · management and general $3,119,181

  • 11d · Fees: lobbying

    total $39,697 · management and general $39,697

  • 11g · Fees: other

    total $133,642,507 · program services $129,391,543 · management and general $4,240,651 · fundraising $10,313

  • 13 · Office expenses

    total $1,279,155 · program services $1,216,955 · management and general $57,623 · fundraising $4,577

  • 16 · Occupancy

    total $15,540,042 · program services $14,837,484 · management and general $702,558

  • 20 · Interest

    total $3,547,163 · program services $3,296,378 · management and general $248,510 · fundraising $2,275

  • 22 · Depreciation, depletion and amortization

    total $26,106,319 · program services $24,925,521 · management and general $1,180,229 · fundraising $569

  • 23 · Insurance

    total $4,022,067 · program services $3,737,976 · management and general $281,781 · fundraising $2,310

  • 24a · Other expenses: DRUGS AND REAGENTS

    total $81,287,731 · program services $81,287,731

  • 24b · Other expenses: PATIENT SUPPLIES

    total $51,577,903 · program services $51,577,903

  • 24c · Other expenses: BAD DEBT

    total $9,839,191 · program services $9,839,191

  • 24d · Other expenses: CHARITY CARE

    total $2,764,475 · program services $2,764,475

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,618,231 · end of year $2,933,486

  • 2 · Savings and temporary cash investments

    beginning of year $11,597,623 · end of year $2,827,030

  • 3 · Pledges and grants receivable

    beginning of year $9,003,819 · end of year -$26,792,588

  • 4 · Accounts receivable

    beginning of year $53,114,013 · end of year $48,828,726

  • 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 $1,539,318 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $6,533,135 · end of year $9,262,059

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,619,974 · end of year $7,565,808

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

    $510,752,131

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

    $357,261,438

  • 10c · Land, buildings and equipment, net

    beginning of year $159,635,702 · end of year $153,490,693

  • 11 · Investments: publicly traded securities

    beginning of year $64,278,335 · end of year $58,164,504

  • 12 · Investments: other securities

    beginning of year $63,994,547 · end of year $50,904,166

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $84,881,648 · end of year $62,375,751

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,103,453 · end of year $45,434,468

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $71,098,223 · end of year $64,440,000

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end 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 $5,010,000 · end of year $35,757,128

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,932,240 · end of year $21,533,103

  • 27 · Net assets without donor restrictions

    beginning of year $207,076,916 · end of year $125,810,755

  • 28 · Net assets with donor restrictions

    beginning of year $77,595,513 · end of year $76,584,181

Mission and programs · 2022

Mission

MARY IMOGENE BASSETT HOSPITAL IS A RURAL ACADEMIC MEDICAL CENTER COMMITTED TO PROVIDING EXCELLENCE IN HEALTH CARE SERVICES, EDUCATING PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS, AND PURSUING HEALTH RESEARCH.

  • INPATIENT AND OUTPATIENT SERVICES PROVIDED TO OUR PATIENTS RESULTED IN:10,158 HOSPITALIZATIONS (INCLUSIVE OF OPEN-HEART SURGERIES)52,525 PATIENT DAYS591,931 CLINIC VISITS14,709 EMERGENCY VISITS7,268 SURGICAL CASES

    Expenses $667,297,921 · Revenue $618,917,200

  • COMMUNITY INVOLVEMENT HAS BEEN LINKED TO BASSETT'S MISSION AND VALUES SINCE IT FIRST OPENED IN 1921. WHETHER IT IS STRENGTHENING OUR COMMUNITY RELATIONSHIPS FOR HEALTH AND WELLNESS, COMMUNICATING IDEAS FOR IMPROVING OUR SERVICES TO OUR REGION, OR PROVIDING A FORUM FOR BASSETT TO LEARN AND LISTEN, WE ARE WORKING WITH OUR COMMUNITY TO IMPROVE THE QUALITY OF LIFE OF THE PEOPLE OF OUR REGION. OUR COMMUNITY SERVICES PROGRAM PROVIDES FREE SERVICES TO PERSONS WHO CANNOT AFFORD TO PAY, WHO DO NOT QUALIFY FOR MEDICAID, AND WHO FALL WITHIN THE ESTABLISHED INCOME GUIDELINES. IN 2022 WE PROVIDED $2,764,475 IN FREE CARE. BASSETT'S COMMUNITY HEALTH EDUCATION PROGRAMS INCLUDE LECTURES, PRESENTATIONS, HEALTH FAIRS, AND OTHER GROUP PROGRAMS IN ADDITION TO THE CLINICAL AND DIAGNOSTIC SERVICES OFFERED. CLINICAL SERVICES OFFERED INCLUDES SCREENINGS, HEALTH TESTS AND HEALTH RISK APPRAISALS INCLUDING BLOOD PRESSURE, LIPID PROFILE, CHOLESTEROL SCREENINGS, CARDIOLOGY RISK FACTOR SCREENINGS, AND ALL CANCER SCREENINGS. OUR COMMUNITY BUILDING ACTIVITIES INCLUDE PHILANTHROPIC SUPPORT FOR HEALTH INITIATIVES AND COMMUNITY HEALTH AND WELFARE PROJECTS INCLUDING PROMOTING HEALTHY LIFESTYLES, DISEASE PREVENTION, AND COMMUNITY AWARENESS INITIATIVES. OUR DOORS ARE OPEN 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR. WE ARE PROUD TO PROVIDE CARE TO OUR COMMUNITIES.

    Expenses $2,764,475

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JANE FORBES CLARK

    BOARD CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WALTER A FRANCK

    VICE CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • MAUREEN KILLACKEY

    VICE CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBERT S HANFT

    TREASURER & TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANDREW MARIETTA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DONALD R BORDLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN BULLIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TERRY FULMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PETER HAMILTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • J MICHAEL MOFFAT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • KEVIN MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE NICKERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES K PATRICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONALD QUEST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRUCE VLADECK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS WILLIES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TOMMY IBRAHIM

    PRESIDENT & CEO

    Total calculated
    $1,000,559
    From this org
    $0
    From related orgs
    $970,597
    Other
    $29,962
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $788,007 related
    Bonus
    $0 + $182,590 related
    Other
    $0
    Deferred
    $0 + $18,520 related
    Nontaxable benefits
    $0 + $11,442 related
    Filer's total
    $0 + $1,000,559 related

  • PAUL SWINKO

    CFO

    Total calculated
    $663,125
    From this org
    $0
    From related orgs
    $641,526
    Other
    $21,599
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $510,238 related
    Bonus
    $0 + $131,288 related
    Other
    $0
    Deferred
    $0 + $18,520 related
    Nontaxable benefits
    $0 + $3,079 related
    Filer's total
    $0 + $663,125 related

  • NICHOLAS HELLENTHAL

    ATTENDING PHYSICIAN

    Total calculated
    $781,168
    From this org
    $747,856
    From related orgs
    $0
    Other
    $33,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $740,706
    Bonus
    $7,150
    Other
    $0
    Deferred
    $24,620
    Nontaxable benefits
    $8,692
    Filer's total
    $781,168

  • MUN HONG

    ATTENDING PHYSICIAN

    Total calculated
    $830,759
    From this org
    $803,172
    From related orgs
    $0
    Other
    $27,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $800,022
    Bonus
    $3,150
    Other
    $0
    Deferred
    $18,520
    Nontaxable benefits
    $9,067
    Filer's total
    $830,759

  • DHANAJAI MENZIES

    ATTENDING PHYSICIAN

    Total calculated
    $928,799
    From this org
    $892,593
    From related orgs
    $0
    Other
    $36,206
    Hours/week
    40 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $825,387
    Bonus
    $67,206
    Other
    $0
    Deferred
    $27,670
    Nontaxable benefits
    $8,536
    Filer's total
    $928,799

  • ALFRED TINGER

    ATTENDING PHYSICIAN

    Total calculated
    $802,410
    From this org
    $775,198
    From related orgs
    $0
    Other
    $27,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $774,848
    Bonus
    $350
    Other
    $0
    Deferred
    $18,520
    Nontaxable benefits
    $8,692
    Filer's total
    $802,410

  • TIMOTHY WHITAKER

    ATTENDING PHYSICIAN

    Total calculated
    $748,316
    From this org
    $719,297
    From related orgs
    $0
    Other
    $29,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $701,437
    Bonus
    $17,860
    Other
    $0
    Deferred
    $21,570
    Nontaxable benefits
    $7,449
    Filer's total
    $748,316

  • WILLAM LECATES

    EX-OFFICIO

    Total calculated
    $390,296
    From this org
    $363,030
    From related orgs
    $0
    Other
    $27,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,344
    Bonus
    $99,686
    Other
    $0
    Deferred
    $23,488
    Nontaxable benefits
    $3,778
    Filer's total
    $390,296

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

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
  • 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 7
NON-FIXED PAYMENTS PROVIDED NON-FIXED PAYMENTS ARE MADE BASED ON THE SUCCESS IN MEETING PERFORMANCE CRITERIA THAT ARE PROSPECTIVELY AGREED UPON AS GOALS FOR THE OFFICERS AND OTHER EMPLOYEES.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303189349315650

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