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Nonprofiteer
← THE MEDICAL CENTER AT FRANKLIN INC

Form 990 for tax year 2023

Filed by THE MEDICAL CENTER AT FRANKLIN INC.

Totals

Total revenue
$38,862,944
Total expenses
$28,962,503
Contributions and grants received
$27,730
Grants paid
$0
Program service revenue
$38,317,143
Investment income
$407,548
Other revenue
$110,523
Total assets, end of year
$38,464,365
Total liabilities, end of year
$4,225,123
Net assets or fund balances, end of year
$34,239,242
Program services expenses (Part IX)
$24,977,785
Management and general expenses
$3,984,718
Fundraising expenses
$0
Program service expenses (Part III)
$25,008,036

Program services were 86.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR GARY BROADY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MR TOMMY HOLDERFIELD

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • MS BEVERLY BOREN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MS CONNIE D SMITH

    PRESIDENT & CEO

    Total calculated
    $1,436,253
    From this org
    $0
    From related orgs
    $1,317,162
    Other
    $119,091
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,036,405 related
    Bonus
    $0
    Other
    $0 + $280,757 related
    Deferred
    $0 + $98,270 related
    Nontaxable benefits
    $0 + $20,821 related
    Filer's total
    $0 + $1,436,253 related

  • DR BRAD MORRIS

    DIRECTOR

    Total calculated
    $786,027
    From this org
    $0
    From related orgs
    $751,632
    Other
    $34,395
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $750,198 related
    Bonus
    $0
    Other
    $0 + $1,434 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $24,495 related
    Filer's total
    $0 + $786,027 related

  • MR BRAD ODIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MR MICHAEL STEVE THURMOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MS CHERI NATCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • MR DAVID GRAY

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $520,051
    From this org
    $0
    From related orgs
    $427,268
    Other
    $92,783
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,139 related
    Bonus
    $0
    Other
    $0 + $9,129 related
    Deferred
    $0 + $57,983 related
    Nontaxable benefits
    $0 + $34,800 related
    Filer's total
    $0 + $520,051 related

  • MR WADE STONE

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $500,444
    From this org
    $0
    From related orgs
    $438,705
    Other
    $61,739
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,730 related
    Bonus
    $0
    Other
    $0 + $2,975 related
    Deferred
    $0 + $44,704 related
    Nontaxable benefits
    $0 + $17,035 related
    Filer's total
    $0 + $500,444 related

  • MS KATRINA WOOD

    EVP/CHIEF NURSING OFFICER

    Total calculated
    $296,006
    From this org
    $0
    From related orgs
    $258,853
    Other
    $37,153
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,207 related
    Bonus
    $0
    Other
    $0 + $3,646 related
    Deferred
    $0 + $6,499 related
    Nontaxable benefits
    $0 + $30,654 related
    Filer's total
    $0 + $296,006 related

  • MS MICHELE W LAWLESS

    EXECUTIVE VICE PRESIDENT & CFO

    Total calculated
    $529,278
    From this org
    $0
    From related orgs
    $481,930
    Other
    $47,348
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,135 related
    Bonus
    $0
    Other
    $0 + $6,795 related
    Deferred
    $0 + $43,823 related
    Nontaxable benefits
    $0 + $3,525 related
    Filer's total
    $0 + $529,278 related

  • MR ERIC HAGAN

    VP OF RURAL HOSPITALS

    Total calculated
    $329,399
    From this org
    $30,808
    From related orgs
    $277,274
    Other
    $21,317
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $30,099 + $270,890 related
    Bonus
    $0
    Other
    $709 + $6,384 related
    Deferred
    $0
    Nontaxable benefits
    $2,132 + $19,185 related
    Filer's total
    $32,940 + $296,459 related

  • MS ANNETTE RUNYON

    VICE PRESIDENT/ADMINISTRATOR

    Total calculated
    $200,405
    From this org
    $195,179
    From related orgs
    $0
    Other
    $5,226
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,779
    Bonus
    $0
    Other
    $4,400
    Deferred
    $4,781
    Nontaxable benefits
    $445
    Filer's total
    $200,405

  • MR COREY O'NAN

    PHARMACY MANAGER

    Total calculated
    $182,953
    From this org
    $150,072
    From related orgs
    $0
    Other
    $32,881
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,030
    Bonus
    $0
    Other
    $2,042
    Deferred
    $4,581
    Nontaxable benefits
    $28,300
    Filer's total
    $182,953

  • MRS NOMA MOYO-PETERS

    PHYSICIAN

    Total calculated
    $360,810
    From this org
    $336,764
    From related orgs
    $0
    Other
    $24,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $335,677
    Bonus
    $0
    Other
    $1,087
    Deferred
    $6,809
    Nontaxable benefits
    $17,237
    Filer's total
    $360,810

  • MS BRANDICE JERNIGAN

    DIRECTOR OF PATIENT CARE SRVS

    Total calculated
    $151,980
    From this org
    $133,565
    From related orgs
    $0
    Other
    $18,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,587
    Bonus
    $0
    Other
    $1,978
    Deferred
    $3,354
    Nontaxable benefits
    $15,061
    Filer's total
    $151,980

  • MS MARIAN CONSTANT

    MCH AGENCY NURSE

    Total calculated
    $127,440
    From this org
    $127,440
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CERTAIN EXCECUTIVES OF COMMONWEALTH HEALTH CORPORATION PARTICIPATED IN SUPPLEMENTAL RETIREMENT PLAN. THE CURRENT YEAR INCREASE IN THE ACCRUED BENEFIT, AS ACTUARIALLY DETERMINED, IS REPORTED AS COMPENSATION. THE FOLLOWING ARE THE INDIVIDUALS PARTICIPATING IN THE PLAN AND THE CURRENT YEAR INCREASES REPORTED AS COMPENSATION: CONNIE SMITH $262,116.93 WADE STONE $ -0-
Schedule J, Part I, Line 3
THE CEO IS COMPENSATED BY COMMONWEALTH HEALTH CORPORATION (CHC), A RELATED ORGANIZATION. CHC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

  • MEDICAL PLAZA PARTNERS LTD

    N/A · REAL ESTATE · KY · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202520459349301112

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