Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,061,273

• 1e · Government grants (contributions)

  $329,910

• 1f · All other contributions, gifts and grants

  $9,000

• 2a · Program service revenue: Patient services

  total $29,740,537 · related or exempt $29,740,537

• 2b · Program service revenue: Pharmacies

  total $6,504,475 · related or exempt $6,504,475

• 2c · Program service revenue: GCF administration

  total $423,126 · related or exempt $423,126

• 2d · Program service revenue: Cafeteria

  total $86,444 · related or exempt $86,444

• 2e · Program service revenue: Auxiliary service charges

  total $18,353 · related or exempt $18,353

• 3 · Investment income

  total $1,555 · excluded $1,555

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

  other assets $7,077

• 7c · Gain or loss

  other assets -$7,077

• 7d · Net gain or loss

  total -$7,077 · excluded -$7,077

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,185,855 · program services $274,117 · management and general $911,738

• 7 · Other salaries and wages

  total $17,538,166 · program services $15,993,506 · management and general $1,265,794 · fundraising $278,866

• 8 · Pension plan contributions

  total $442,450 · program services $405,313 · management and general $30,049 · fundraising $7,088

• 9 · Other employee benefits

  total $3,710,243 · program services $3,292,482 · management and general $360,774 · fundraising $56,987

• 10 · Payroll taxes

  total $1,309,825 · program services $1,143,137 · management and general $147,053 · fundraising $19,635

• 11b · Fees: legal

  total $9,832 · management and general $9,832

• 11c · Fees: accounting

  total $91,805 · management and general $91,805

• 11g · Fees: other

  total $2,933,693 · program services $2,905,992 · management and general $27,701

• 12 · Advertising and promotion

  total $76,574 · program services $206 · management and general $76,368

• 13 · Office expenses

  total $1,299,444 · program services $1,122,419 · management and general $157,860 · fundraising $19,165

• 14 · Information technology

  total $981,530 · program services $917,608 · management and general $61,668 · fundraising $2,254

• 16 · Occupancy

  total $303,538 · program services $295,322 · management and general $8,216

• 17 · Travel

  total $162,941 · program services $142,717 · management and general $15,046 · fundraising $5,178

• 19 · Conferences, conventions and meetings

  total $9,463 · program services $9,463

• 20 · Interest

  total $211,553 · program services $211,553

• 22 · Depreciation, depletion and amortization

  total $973,056 · program services $973,056

• 23 · Insurance

  total $382,292 · program services $323,779 · management and general $57,279 · fundraising $1,234

• 24a · Other expenses: Medical supplies/lab

  total $5,416,889 · program services $5,416,889

• 24b · Other expenses: Provision for bad debt

  total $1,281,645 · program services $1,281,645

• 24c · Other expenses: Medicaid Tax

  total $1,054,630 · program services $1,054,630

• 24d · Other expenses: Equipment repairs

  total $357,019 · program services $357,019

• 24e · All other expenses

  total $326,155 · program services $326,155

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $775,632 · end of year $87,146

• 2 · Savings and temporary cash investments

  beginning of year $31,556 · end of year $34,329

• 4 · Accounts receivable

  beginning of year $2,744,968 · end of year $3,235,353

• 8 · Inventories for sale or use

  beginning of year $923,286 · end of year $932,937

• 9 · Prepaid expenses and deferred charges

  beginning of year $270,503 · end of year $293,243

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

  $19,237,358

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

  $13,987,305

• 10c · Land, buildings and equipment, net

  beginning of year $4,804,138 · end of year $5,250,053

• 15 · Other assets

  beginning of year $10,445,425 · end of year $15,071,461

• 17 · Accounts payable and accrued expenses

  beginning of year $2,662,529 · end of year $4,093,606

• 23 · Secured mortgages and notes payable

  beginning of year $1,427,357 · end of year $3,367,450

• 25 · Other liabilities

  beginning of year $1,173,109 · end of year $1,150,000

• 27 · Net assets without donor restrictions

  beginning of year $11,094,939 · end of year $10,299,162

• 28 · Net assets with donor restrictions

  beginning of year $3,637,574 · end of year $5,994,304

The filer's explanations (Part III)

Part I, Line 7

Physician contracts provide the opportunity to receive additional payments for productivity above minimum thresholds. For the period reported, the physicians listed on this Form 990, Part VII, who received incentive compensation under such a contract were as follows: - Wyll Everett, $4,656. - Jeremy Morrison, $8,615. - Marc-Olivier Ratte, $4,632. - Timothy Shafer, $12,064. The CEO's contract provides an opportunity to earn annual incentive compensation of up to a maximum of 10% of annual base salary upon attainment of mutually agreed upon goals. This incentive compensation opportunity may be modified from time to time at the discretion of the Board of Trustees. For the period reported, Douglas DiVello received a payment of $12,614. Additionally, the Hospital's CFO also received bonus and incentive compensation of $12,900 during the 2023 calendar year, and as reported on this Form 990, Schedule J, Part II. $12,500 of this compensation was awarded due to the CFO taking on certain CEO responsibilities and job duties on an interim basis while the CEO was unavailable during this reporting period. In the addition to the incentive and productivity payments detailed above, certain individuals listed on Part VII also received wellness stipends and other non-fixed payments which have also been included in the total reported on this Schedule J, Part II, Column B(ii) as "bonuses."