Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,661,160

• 1e · Government grants (contributions)

  $99,700

• 1f · All other contributions, gifts and grants

  $202,905

• 2a · Program service revenue: PATIENT SERVICE REVENU

  total $134,944,087 · related or exempt $134,944,087

• 3 · Investment income

  total $2,452,476 · excluded $2,452,476

• 6a · Gross rents

  real property $792,520

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $792,520

• 6d · Net rental income or loss

  total $792,520 · excluded $792,520

• 7a · Gross sales of assets other than inventory

  other assets $1,634,652

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

  other assets $0

• 7c · Gain or loss

  other assets $1,634,652

• 7d · Net gain or loss

  total $1,634,652 · excluded $1,634,652

• 10a · Gross sales of inventory

  $12,582

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $12,582 · excluded $12,582

• 11a · Other revenue: LEASED EMPLOYEES

  total $1,712,637 · related or exempt $1,712,637

• 11b · Other revenue: NUTRITION/MEALS/VENDIN

  total $752,344 · related or exempt $752,344

• 11c · Other revenue: PHARMACY REVENUE

  total $639,531 · unrelated business $639,531

• 11d · All other revenue

  total $1,197,873 · related or exempt $1,197,873

• 11e · Other revenue, total

  $4,302,385

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,312,892 · program services $958,411 · management and general $354,481

• 7 · Other salaries and wages

  total $55,464,597 · program services $40,489,155 · management and general $14,975,442

• 8 · Pension plan contributions

  total $3,411,900 · program services $2,490,687 · management and general $921,213

• 9 · Other employee benefits

  total $8,697,472 · program services $6,349,155 · management and general $2,348,317

• 10 · Payroll taxes

  total $3,941,235 · program services $2,877,102 · management and general $1,064,133

• 11b · Fees: legal

  total $147,204 · program services $132,484 · management and general $14,720

• 11g · Fees: other

  total $16,509,067 · program services $14,858,161 · management and general $1,650,906

• 12 · Advertising and promotion

  total $1,448,268 · program services $1,057,236 · management and general $391,032

• 13 · Office expenses

  total $1,016,178 · program services $914,560 · management and general $101,618

• 14 · Information technology

  total $5,110,925 · program services $4,599,832 · management and general $511,093

• 16 · Occupancy

  total $6,442,711 · program services $5,298,806 · management and general $1,143,905

• 17 · Travel

  total $62,519 · program services $45,639 · management and general $16,880

• 19 · Conferences, conventions and meetings

  total $163,248 · program services $119,171 · management and general $44,077

• 20 · Interest

  total $1,427,737 · program services $1,284,963 · management and general $142,774

• 22 · Depreciation, depletion and amortization

  total $6,673,203 · program services $5,004,902 · management and general $1,668,301

• 23 · Insurance

  total $1,259,919 · program services $919,741 · management and general $340,178

• 24a · Other expenses: MEDICAL & OTHER SUPPLIE

  total $30,867,054 · program services $27,780,348 · management and general $3,086,706

• 24b · Other expenses: OHIO FRANCHISE & OTHER

  total $3,059,758 · program services $2,233,624 · management and general $826,134

• 24c · Other expenses: DUES & LICENSES

  total $403,023 · program services $294,207 · management and general $108,816

• 24d · Other expenses: JOURNALS

  total $21,518 · program services $15,708 · management and general $5,810

• 24e · All other expenses

  total $759,234 · program services $662,099 · management and general $97,135

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,859 · end of year $4,201

• 2 · Savings and temporary cash investments

  beginning of year $22,969,324 · end of year $20,725,740

• 4 · Accounts receivable

  beginning of year $18,863,742 · end of year $18,533,600

• 7 · Other notes and loans receivable

  beginning of year $550,000 · end of year $600,000

• 8 · Inventories for sale or use

  beginning of year $3,138,514 · end of year $2,957,836

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,182,223 · end of year $3,512,582

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

  $164,538,190

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

  $119,486,273

• 10c · Land, buildings and equipment, net

  beginning of year $45,927,702 · end of year $45,051,917

• 11 · Investments: publicly traded securities

  beginning of year $71,420,904 · end of year $73,078,491

• 12 · Investments: other securities

  beginning of year $2,084,882 · end of year $2,266,504

• 15 · Other assets

  beginning of year $50,096,947 · end of year $54,292,606

• 17 · Accounts payable and accrued expenses

  beginning of year $8,759,024 · end of year $8,171,446

• 23 · Secured mortgages and notes payable

  beginning of year $52,372,560 · end of year $49,816,372

• 25 · Other liabilities

  beginning of year $2,391,503 · end of year $1,915,700

• 27 · Net assets without donor restrictions

  beginning of year $118,108,662 · end of year $121,558,152

• 28 · Net assets with donor restrictions

  beginning of year $36,606,348 · end of year $39,561,807

The filer's explanations (Part III)

PART I, LINE 1A

FITNESS FACILITY BENEFIT: ACCORDING TO THE ECONOMIC BENEFITS OF REGULAR EXERCISE, RESEARCHERS HAVE FOUND THAT THE RETURN ON INVESTMENT AMONG COMPANIES THAT OFFER WELLNESS BENEFITS RANGES FROM $1.49 TO $13 FOR EVERY DOLLAR INVESTED. WELLNESS-ORIENTED SERVICES IN BOTH A FITNESS FACILITY AND THE WORKPLACE PROGRAMS WE OFFER THROUGH WELLNESS ARE PROVEN TO HELP ADDRESS OUR HEALTH GOALS, REDUCE THE IMPACT OF OBESITY RATES, AND IMPROVE BUSINESS PROFITABILITY. WOOD COUNTY HOSPITAL INVESTS IN EMPLOYEE HEALTH BY PAYING A FIXED AMOUNT OF $62.50 TO ALL EMPLOYEES, INCLUDING EXECUTIVES, WHO JOIN A FITNESS FACILITY WHERE THEY CAN WORK OUT. WOOD COUNTY HOSPITAL, LIKE OTHER EMPLOYERS, ARE AWARE THAT A FITNESS BENEFIT REDUCES EMPLOYEE HEALTH CARE EXPENSES, LOWERS RATES OF ABSENTEEISM, REDUCES DISABILITY AND WORKERS' COMPENSATION CLAIMS AND HELPS TO ATTRACT AND RETAIN TALENTED EMPLOYEES. STUDIES SHOW THAT EMPLOYEES WHO EXERCISE AT LEAST ONCE A WEEK, REGARDLESS OF THEIR WEIGHT, HAVE LOWER HEALTH CARE COSTS THAN THEIR SEDENTARY CO-WORKERS. ONE STUDY, IN FACT, SHOWED THAT ACTIVE EMPLOYEES TAKE 27 PERCENT FEWER SICK DAYS AND REPORT 14 TO 25 PERCENT FEWER DISABILITY DAYS THAN INACTIVE EMPLOYEES. WHILE ONLY 16% OF THE AMERICAN POPULATION CURRENTLY BELONGS TO A HEALTH CLUB, MEMBERSHIP HAS INCREASED MORE THAN 10% OVER THE PAST THREE YEARS TO OVER 50.2 MILLION MEMBERS, DESPITE THE POOR ECONOMY. WITH AN IMPROVED ECONOMIC OUTLOOK, CLUBS ACROSS THE COUNTRY ARE GEARING UP FOR MORE DEMAND THAN THEY'VE SEEN IN YEARS. THESE HEALTH CLUB DUES ARE NOT INCLUDED IN EMPLOYEES' TAXABLE COMPENSATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• WOOD HEALTH COMPANY

  FAMILY HEALTH AND SPECIALIZED CARE · OH · income $17,701,724 · assets $5,124,552

  Directly controlled by WOOD COUNTY HOSPITAL

• WOOD COUNTY WOMEN'S CARE

  WOMEN'S HEALTH CARE · OH · income $2,779,772 · assets $717,189

  Directly controlled by WOOD COUNTY HOSPITAL

• FALCON HEALTH CENTER

  PHYSICIAN OFFICES · OH · income $3,069,826 · assets $4,252,314

  Directly controlled by WOOD COUNTY HOSPITAL