Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $522,515

• 1e · Government grants (contributions)

  $19,230

• 1f · All other contributions, gifts and grants

  $465,817

• 2a · Program service revenue: NET PATIENT REVENUE

  total $162,153,878 · related or exempt $162,144,831 · unrelated business $9,047

• 2b · Program service revenue: PHARMACY

  total $14,360,581 · related or exempt $11,137,272 · unrelated business $3,223,309

• 2c · Program service revenue: MDPCP REVENUE

  total $2,340,150 · related or exempt $2,340,150

• 3 · Investment income

  total $1,225,870 · excluded $1,225,870

• 6a · Gross rents

  real property $329,697

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $329,697

• 6d · Net rental income or loss

  total $329,697 · excluded $329,697

• 7a · Gross sales of assets other than inventory

  other assets $1,217,744

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

  other assets $157,206

• 7c · Gain or loss

  other assets $1,060,538

• 7d · Net gain or loss

  total $1,060,538 · excluded $1,060,538

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $522,515

• 8b · Fundraising events: direct expenses

  $132,486

• 8c · Net income from fundraising events

  total -$132,486 · excluded -$132,486

• 10a · Gross sales of inventory

  $314,077

• 10b · Cost of goods sold

  $230,181

• 10c · Net income from sales of inventory

  total $83,896 · related or exempt $83,896

• 11a · Other revenue: MISCELLANEOUS

  total $349,099 · excluded $349,099

• 11b · Other revenue: CAFETERIA

  total $325,069 · excluded $325,069

• 11e · Other revenue, total

  $674,168

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,299,270 · program services $628,073 · management and general $1,671,197

• 7 · Other salaries and wages

  total $70,967,528 · program services $65,133,313 · management and general $5,632,917 · fundraising $201,298

• 8 · Pension plan contributions

  total $1,038,134 · management and general $1,038,134

• 9 · Other employee benefits

  total $8,665,976 · program services $3,189,867 · management and general $5,475,121 · fundraising $988

• 10 · Payroll taxes

  total $4,795,257 · program services $4,291,496 · management and general $489,287 · fundraising $14,474

• 11b · Fees: legal

  total $672,382 · program services $36,070 · management and general $636,312

• 11g · Fees: other

  total $15,114,538 · program services $12,129,974 · management and general $2,981,946 · fundraising $2,618

• 12 · Advertising and promotion

  total $730,229 · program services $716,127 · management and general $553 · fundraising $13,549

• 13 · Office expenses

  total $6,626,707 · program services $5,216,377 · management and general $1,366,154 · fundraising $44,176

• 14 · Information technology

  total $6,367,895 · program services $5,343 · management and general $6,362,552

• 16 · Occupancy

  total $1,347,606 · program services $1,298,925 · management and general $46,343 · fundraising $2,338

• 17 · Travel

  total $68,520 · program services $55,372 · management and general $13,148

• 19 · Conferences, conventions and meetings

  total $188,843 · program services $164,451 · management and general $23,197 · fundraising $1,195

• 20 · Interest

  total $1,751,548 · program services $431,567 · management and general $1,319,981

• 22 · Depreciation, depletion and amortization

  total $6,611,480 · program services $890,063 · management and general $5,721,417

• 23 · Insurance

  total $2,170,318 · program services $497,720 · management and general $1,672,598

• 24a · Other expenses: MEDICAL SUPPLIES

  total $42,302,075 · program services $42,302,033 · management and general $39 · fundraising $3

• 24b · Other expenses: BAD DEBT

  total $5,637,295 · program services $5,637,295

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $3,696,146 · program services $3,575,336 · management and general $109,996 · fundraising $10,814

• 24d · Other expenses: LICENSES & TAXES

  total $554,052 · program services $509,343 · management and general $44,709

• 24e · All other expenses

  total $1,084,201 · program services $387,118 · management and general $607,797 · fundraising $89,286

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $34,473,696 · end of year $36,064,593

• 3 · Pledges and grants receivable

  beginning of year $139,555 · end of year $2,000

• 4 · Accounts receivable

  beginning of year $18,269,963 · end of year $15,778,104

• 8 · Inventories for sale or use

  beginning of year $3,019,333 · end of year $2,585,094

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,293,262 · end of year $3,779,888

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

  $57,053,447

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

  $1,116,511

• 10c · Land, buildings and equipment, net

  beginning of year $53,031,666 · end of year $55,936,936

• 11 · Investments: publicly traded securities

  beginning of year $1,795,697 · end of year $2,035,764

• 12 · Investments: other securities

  beginning of year $33,333 · end of year $33,333

• 14 · Intangible assets

  beginning of year $1,106,427

• 15 · Other assets

  beginning of year $28,703,168 · end of year $26,033,135

• 17 · Accounts payable and accrued expenses

  beginning of year $18,859,455 · end of year $17,782,763

• 20 · Tax-exempt bond liabilities

  beginning of year $33,138,000 · end of year $32,154,000

• 23 · Secured mortgages and notes payable

  beginning of year $673,510 · end of year $441,385

• 24 · Unsecured notes and loans payable

  beginning of year $4,587,703 · end of year $4,297,890

• 25 · Other liabilities

  beginning of year $31,327,587 · end of year $28,920,836

• 27 · Net assets without donor restrictions

  beginning of year $54,801,286 · end of year $58,204,359

• 28 · Net assets with donor restrictions

  beginning of year $478,559 · end of year $447,614

The filer's explanations (Part III)

PART I, LINE 4B

SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AGH HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN (UNDER SECTION 457 (F)). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE AGH BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS. THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: DONALD OWREY RABINDRA PAUL ATLANTIC GENERAL HOPITAL PROVIDED THE FOLLOWING FUNDING AMOUNT DURING 2024: DONALD OWREY $23,500 RABINDRA PAUL $25,088

PART I, LINE 7

CONTINGENT COMPENSATION AND NON-FIXED PAYMENTS OFFICERS AND KEY EMPLOYEES OF ATLANTIC GENERAL HOSPITAL ARE PAID COMPENSATION DETERMINED BY A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOALS AS WELL AS ORGANIZATION OPERATIONAL ACHIEVEMENTS IN SERVICE, QUALITY, SAFETY, EMPLOYEE SATISFACTION, AND COST. THE FINAL DETERMINATION OF THE CONTINGENT COMPENSATION AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES.

Related partnerships

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

• DELMARVA ENDOSC CTR

  HEALTH CARE · MD

Related corporations and trusts

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

• PENINSULA HEALTH VENTURES (PHV)

  C · P'SHIP INVESTMENT · MD

• PRLTC INC

  C · LONG TERM CARE · MD

• DELMARVA PENINSULA INSURANCE COMPANY

  C · INSURANCE · CJ