Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $204,729

• 1f · All other contributions, gifts and grants

  $179,420

• 2a · Program service revenue: Patient Service Revenue

  total $91,406,849 · related or exempt $91,406,849

• 2b · Program service revenue: Miscellaneous Revenue

  total $3,301,928 · related or exempt $3,301,928

• 2c · Program service revenue: Cafeteria Revenue

  total $109,771 · excluded $109,771

• 2d · Program service revenue: Provision for Bad Debts

  total -$661,724 · related or exempt -$661,724

• 2e · Program service revenue: Contractual Allowances/Charity Ca

  total -$53,117,621 · related or exempt -$53,117,621

• 3 · Investment income

  total $227 · excluded $227

• 6b · Less rental expenses

  real property $3,125

• 6c · Rental income or loss

  real property -$3,125

• 6d · Net rental income or loss

  total -$3,125 · excluded -$3,125

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $700 · program services $700

• 7 · Other salaries and wages

  total $11,048,090 · program services $10,887,854 · management and general $160,236

• 8 · Pension plan contributions

  total $190,189 · program services $187,431 · management and general $2,758

• 9 · Other employee benefits

  total $1,722,507 · program services $1,697,525 · management and general $24,982

• 10 · Payroll taxes

  total $836,006 · program services $823,881 · management and general $12,125

• 11b · Fees: legal

  total $2,333 · management and general $2,333

• 11g · Fees: other

  total $13,139,207 · program services $12,924,399 · management and general $168,848 · fundraising $45,960

• 13 · Office expenses

  total $360,110 · program services $258,430 · management and general $101,680

• 16 · Occupancy

  total $2,071,997 · program services $1,728,372 · management and general $343,625

• 17 · Travel

  total $4,138 · program services $4,138

• 19 · Conferences, conventions and meetings

  total $11,718 · program services $11,718

• 20 · Interest

  total $52,683 · program services $52,683

• 22 · Depreciation, depletion and amortization

  total $759,137 · program services $759,137

• 23 · Insurance

  total $97,705 · program services $9,986 · management and general $87,719

• 24a · Other expenses: Allocations

  total $5,423,421 · program services $1,995,721 · management and general $3,326,334 · fundraising $101,366

• 24b · Other expenses: Medical Supplies

  total $4,193,505 · program services $4,193,505

• 24c · Other expenses: Food

  total $298,252 · program services $287,743 · management and general $10,509

• 24d · Other expenses: Miscellaneous

  total $248,246 · program services $248,246

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $280,000 · end of year $1,447,311

• 4 · Accounts receivable

  beginning of year $4,766,398 · end of year $4,199,729

• 7 · Other notes and loans receivable

  beginning of year $11,439,300 · end of year $11,439,300

• 8 · Inventories for sale or use

  beginning of year $360,842 · end of year $343,530

• 9 · Prepaid expenses and deferred charges

  beginning of year $72,030 · end of year $121,915

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

  $19,775,756

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

  $14,356,368

• 10c · Land, buildings and equipment, net

  beginning of year $5,718,790 · end of year $5,419,388

• 11 · Investments: publicly traded securities

  beginning of year $1,770,298 · end of year $1,784,952

• 15 · Other assets

  beginning of year $990,964 · end of year $5,000

• 17 · Accounts payable and accrued expenses

  beginning of year $11,187,989 · end of year $6,226,167

• 19 · Deferred revenue

  beginning of year $1,441,132 · end of year $1,778,895

• 23 · Secured mortgages and notes payable

  beginning of year $548,875

• 25 · Other liabilities

  beginning of year $12,468,281 · end of year $1,560,355

• 27 · Net assets without donor restrictions

  beginning of year -$2,013,364 · end of year $13,412,013

• 28 · Net assets with donor restrictions

  beginning of year $1,765,709 · end of year $1,783,695

The filer's explanations (Part III)

Part I, Line 3

The related organization, Henry Heywood Memorial Hospital, uses the following methods to establish the compensation of the organization's CEO: - Compensation committee - Independent compensation consultant - Form 990 of other ogranizations - Written employment contract - Compensation survey or study - Approval by the board or compensation committee

Form 990, Part VII, line 5:

Craig Napolitano, Trustee/Cardiologist, was contracted and paid through Advanced Cardiovascular Specialists, an unrelated organization, for services rendered to Heywood Medical Group. During calendar year 2022, Heywood Medical Group paid Advanced Cardiovascular Specialists $437,363 for services rendered to Heywood Medical Group by Dr. Napolitano.