Form 990 for tax year 2023
Filed by MONTICELLO MEDICAL ASSOCIATES INC.
Totals
- Total revenue
- $9,454,257
- Total expenses
- $8,259,696
- Contributions and grants received
- $27,500
- Grants paid
- $0
- Program service revenue
- $9,183,401
- Investment income
- $0
- Other revenue
- $243,356
- Total assets, end of year
- $8,228,582
- Total liabilities, end of year
- $4,647,049
- Net assets or fund balances, end of year
- $3,581,533
- Program services expenses (Part IX)
- $7,747,730
- Management and general expenses
- $511,966
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,747,730
Program services were 93.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$27,500
-
2a · Program service revenue: Patient Revenue
total $9,183,401 · related or exempt $9,183,401
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $104,023
-
6c · Rental income or loss
real property $104,023
-
6d · Net rental income or loss
total $104,023 · excluded $104,023
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Medical Records
total $2,605 · related or exempt $2,605
-
11b · Other revenue: Other Revenues
total $32,882 · related or exempt $32,882
-
11c · Other revenue: Quality Incentives
total $103,846 · related or exempt $103,846
-
11e · Other revenue, total
$139,333
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $170,115 · management and general $170,115
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,847,839 · program services $3,777,655 · management and general $70,184
-
8 · Pension plan contributions
total $132,244 · program services $124,335 · management and general $7,909
-
9 · Other employee benefits
total $343,054 · program services $322,537 · management and general $20,517
-
10 · Payroll taxes
total $243,594 · program services $229,026 · management and general $14,568
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $190,637 · program services $74,950 · management and general $115,687
-
12 · Advertising and promotion
total $5,918 · program services $5,918
-
13 · Office expenses
total $27,539 · program services $7,554 · management and general $19,985
-
14 · Information technology
total $5,605 · program services $1,484 · management and general $4,121
-
15 · Royalties
total $0
-
16 · Occupancy
total $79,152 · program services $71,236 · management and general $7,916
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $198,380 · program services $178,542 · management and general $19,838
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,296 · program services $1,296
-
23 · Insurance
total $63,518 · program services $42,691 · management and general $20,827
-
24a · Other expenses: 340B Pharmacy
total $1,287,206 · program services $1,287,206
-
24b · Other expenses: 340B Fees
total $735,107 · program services $735,107
-
24c · Other expenses: Medical Supplies
total $344,952 · program services $344,952
-
24d · Other expenses: Medical Records
total $216,888 · program services $216,888
-
24e · All other expenses
total $366,652 · program services $326,353 · management and general $40,299
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,413,849 · end of year $3,322,677
-
2 · Savings and temporary cash investments
beginning of year $700,000 · end of year $700,000
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $727,400 · end of year $610,294
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$4,117,980
-
10b · Land, buildings and equipment: accumulated depreciation
$538,666
-
10c · Land, buildings and equipment, net
beginning of year $3,522,495 · end of year $3,579,314
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $16,297 · end of year $16,297
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $310,664 · end of year $359,626
-
23 · Secured mortgages and notes payable
beginning of year $3,387,000 · end of year $3,184,863
-
25 · Other liabilities
beginning of year $1,295,405 · end of year $1,102,560
-
27 · Net assets without donor restrictions
beginning of year $2,386,972 · end of year $3,581,533
Mission and programs · 2023
Mission
To maintain the highest standard of medical care while serving the underserved communities of Wayne County, Kentucky. As specialists in primary care, we seek to provide excellent, comprehensive, patient centered healthcare in order to improve and maintain the quality of life of each member of the family.
-
Provided health care services for Monticello and Wayne County residents on a sliding fee scale where no patient is turned away for inability to pay.
Expenses $7,747,730 · Grants $27,500
As filed on the 2023 return.
Listed in Part VII
-
Robert Parmelee
Administrator
- Total calculated
- $170,115
- From this org
- $170,115
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,115
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $170,115
-
Joyce Bell
President
- Total calculated
- $0
- Hours/week
- 2
-
Sherry Barnes
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Turpin
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Robert Leon Allen
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Diane Sutton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brenda Pryor
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joyce Owens
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia Woods
Director
- Total calculated
- $0
- Hours/week
- 1
-
James Frazer
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349311568
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