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Nonprofiteer
← MONROE MEDICAL FOUNDATION INC

Form 990 for tax year 2022

Filed by MONROE MEDICAL FOUNDATION INC.

Totals

Total revenue
$20,903,121
Total expenses
$21,844,909
Contributions and grants received
$2,454,749
Grants paid
$12,500
Program service revenue
$18,098,222
Investment income
$343,479
Other revenue
$6,671
Total assets, end of year
$32,054,231
Total liabilities, end of year
$2,798,143
Net assets or fund balances, end of year
$29,256,088
Program services expenses (Part IX)
$19,719,806
Management and general expenses
$2,125,103
Fundraising expenses
$0
Program service expenses (Part III)
$19,719,806

Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Anthony Carter MD

    Board Member/ Physician

    Total calculated
    $712,984
    From this org
    $712,984
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $512,984
    Other
    $0
    Deferred
    $6,456
    Nontaxable benefits
    $0
    Filer's total
    $719,440

  • William Michael Carter MD

    Board Member/Physician

    Total calculated
    $386,930
    From this org
    $386,930
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $386,930
    Bonus
    $0
    Other
    $0
    Deferred
    $7,427
    Nontaxable benefits
    $5,849
    Filer's total
    $400,206

  • Rickie Brown

    Chief Financial Officer

    Total calculated
    $164,394
    From this org
    $164,394
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,394
    Bonus
    $0
    Other
    $0
    Deferred
    $3,705
    Nontaxable benefits
    $5,849
    Filer's total
    $173,948

  • Andrea L Rich McLerran

    Exec Director/CEO

    Total calculated
    $159,338
    From this org
    $159,338
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,338
    Bonus
    $0
    Other
    $0
    Deferred
    $2,563
    Nontaxable benefits
    $5,849
    Filer's total
    $167,750

  • Andrea McAlpin

    Director of Pharmacy

    Total calculated
    $149,066
    From this org
    $149,066
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,066
    Bonus
    $0
    Other
    $0
    Deferred
    $3,381
    Nontaxable benefits
    $5,849
    Filer's total
    $158,296

  • Ronnie Raines

    Nurse Practitioner

    Total calculated
    $146,673
    From this org
    $146,673
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jenny Lynn Bartley

    Pharmacist

    Total calculated
    $112,787
    From this org
    $112,787
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tracey Page

    Physical Therapist

    Total calculated
    $111,377
    From this org
    $111,377
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

  • Judy Rowland

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Fowler Ross JR OD

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Goodman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Polly Baker

    Board President

    Total calculated
    $0
    Hours/week
    2

  • Kem Coe 2nd Vice President Sec

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Greg Crabtree DMD

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Donnie Peden

    Board Member

    Total calculated
    $0
    Hours/week
    1

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 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 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 6
The agreements with the physicians state that the Monroe County Medical Center will pay the physician a base salary plus incentive compensation in an amount equal to a certain percentage of the excess of the Medical Center's total collections for physician's personally performed professional medical services over the amount of the Physician's salary and overhead expense.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 January 2024
IRS schema version
2022v5.0
Source object
202410169349300361

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