Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $32,583 · excluded $32,583

• 7a · Gross sales of assets other than inventory

  securities $23,314

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

  securities $0

• 7c · Gain or loss

  securities $23,314

• 7d · Net gain or loss

  total $23,314 · related or exempt $23,314

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $15,500 · program services $15,500

• 7 · Other salaries and wages

  total $10,000 · program services $10,000

• 11c · Fees: accounting

  total $2,558 · management and general $2,558

• 11f · Fees: investment management

  total $7,454 · management and general $7,454

• 13 · Office expenses

  total $43 · program services $43

• 19 · Conferences, conventions and meetings

  total $414 · program services $414

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $75,685 · end of year $149,887

• 4 · Accounts receivable

  beginning of year $66,260 · end of year $63,634

• 11 · Investments: publicly traded securities

  beginning of year $1,527,913 · end of year $1,595,536

• 17 · Accounts payable and accrued expenses

  beginning of year $1,357 · end of year $12,908

• 27 · Net assets without donor restrictions

  beginning of year $1,668,501 · end of year $1,796,149

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS OF A RELATED ORGANIZATION HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION POLICY SETTING FORTH THE BOARD PHILOSOPHY WITH RESPECT TO THE COMPENSATION OF ITS EXECUTIVES. AN EXECUTIVE COMPENSATION COMMITTEE COMPRISED OF BOARD MEMBERS HAS BEEN DELEGATED THE RESPONSIBILITY FOR ESTABLISHING COMPENSATION OF THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION IN KEEPING WITH THE PHILOSOPHY ESTABLISHED BY THE BOARD. THE COMPENSATION COMMITTEE HAS ENGAGED THE OUTSIDE CONSULTING FIRM OF YAFFE AND ASSOCIATES, A FIRM WHICH SPECIALIZES IN ANALYZING NON-PROFIT EXECUTIVE COMPENSATION. THE OUTSIDE CONSULTING FIRM PERIODICALLY PROVIDES THE COMMITTEE WITH RELEVANT DATA CONCERNING THE COMPENSATION LEVELS OF EXECUTIVES OF HOSPITALS SIMILAR IN SIZE TO THE ORGANIZATION AND IN COMPARABLE GEOGRAPHIC AREAS. THE COMPENSATION COMMITTEE CONSIDERS THIS DATA TOGETHER WITH THE EXTENT TO WHICH PRE-ESTABLISHED GOALS HAVE BEEN ACCOMPLISHED AND THE FINANCIAL PERFORMANCE OF THE HOSPITALS AND ESTABLISHES THE COMPENSATION LEVEL FOR THE CHIEF EXECUTIVE OFFICER.

PART I, LINE 4

THE CEO OF PLEASANT VALLEY SERVES UNDER A MANAGEMENT CONTRACT GOVERNED BY CABELL HUNTINGTON HOSPITAL. PVH IS NOT PART OF THE PROCESS IN DETERMINING THE CEO'S COMPENSATION, PVH PAYS CHH A MONTHLY FEE. BONUSES WERE PAID TO VPS/OFFICERS BUT NOT EQUITY BASED.

PART I, LINE 6

A BONUS PLAN EXISTS FOR EXECUTIVES OF THE ORGANIZATION. DETAIL OF PAYMENTS MADE ARE DISCLOSED IN SCHEDULE J, PART II, COLUMN II. BONUSES ARE BASED ON MEETING MULTIPLE GOALS SET FORTH FOR EACH EXECUTIVE.

FORM 990, PART VII, SECTION A, LINE 5

PLEASANT VALLEY HOSPITAL IS UNDER A MANAGEMENT CONTRACT WITH CABELL HUNTINGTON HOSPITAL. FOR THE CALENDAR YEAR ENDED, 12/31/22, CABELL-HUNTINGTON HOSPITAL PAID FRED (JEFF) NOBLIN $302,081 IN COMPENSATION AND $37,811 IN NONTAXABLE BENEFITS FOR THE POSITION OF CEO OF PLEASANT VALLEY HOSPITAL, INC.