Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,244,221

• 1f · All other contributions, gifts and grants

  $9,677

• 2a · Program service revenue: Patient Revenue

  total $330,407,533 · related or exempt $330,407,533

• 2b · Program service revenue: Health Affiliations Contract Serv

  total $27,330,581 · related or exempt $27,330,581

• 2c · Program service revenue: Joint Venture Revenue

  total $3,159,820 · unrelated business $3,159,820

• 2d · Program service revenue: Cafeteria

  total $899,492 · related or exempt $899,492

• 2f · All other program service revenue

  total $3,838,738 · related or exempt $3,838,738

• 3 · Investment income

  total $16,143,028 · excluded $16,143,028

• 6a · Gross rents

  real property $74,018

• 6b · Less rental expenses

  real property $129,478

• 6c · Rental income or loss

  real property -$55,460

• 6d · Net rental income or loss

  total -$55,460 · excluded -$55,460

• 7a · Gross sales of assets other than inventory

  other assets $675,610

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

  other assets $485,527

• 7c · Gain or loss

  other assets $190,083

• 7d · Net gain or loss

  total $190,083 · excluded $190,083

• 8a · Fundraising events: gross income

  $19,261

• 8b · Fundraising events: direct expenses

  $4,398

• 8c · Net income from fundraising events

  total $14,863 · excluded $14,863

• 10a · Gross sales of inventory

  $507,982

• 10b · Cost of goods sold

  $474,600

• 10c · Net income from sales of inventory

  total $33,382 · related or exempt $33,382

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $33,500 · program services $33,500

• 2 · Grants to domestic individuals

  total $2,000 · program services $2,000

• 5 · Compensation of officers, directors and key employees

  total $5,008,567 · program services $2,514,934 · management and general $2,493,633

• 6 · Compensation of disqualified persons

  total $224,539 · program services $224,539

• 7 · Other salaries and wages

  total $155,824,857 · program services $134,801,220 · management and general $21,023,637

• 8 · Pension plan contributions

  total $3,933,696 · program services $3,177,207 · management and general $756,489

• 9 · Other employee benefits

  total $14,495,590 · program services $10,679,105 · management and general $3,816,485

• 10 · Payroll taxes

  total $8,718,431 · program services $7,169,433 · management and general $1,548,998

• 11b · Fees: legal

  total $383,739 · management and general $383,739

• 11c · Fees: accounting

  total $126,097 · program services $3,038 · management and general $123,059

• 11d · Fees: lobbying

  total $67,063 · program services $67,063

• 11g · Fees: other

  total $32,834,058 · program services $25,688,084 · management and general $7,145,974

• 12 · Advertising and promotion

  total $1,013,952 · program services $20,779 · management and general $993,173

• 13 · Office expenses

  total $5,519,193 · program services $3,228,059 · management and general $2,291,134

• 14 · Information technology

  total $9,833,455 · program services $1,794,368 · management and general $8,039,087

• 16 · Occupancy

  total $4,425,509 · program services $2,103,868 · management and general $2,321,641

• 17 · Travel

  total $485,472 · program services $138,424 · management and general $347,048

• 19 · Conferences, conventions and meetings

  total $3,218,863 · program services $332,517 · management and general $2,886,346

• 22 · Depreciation, depletion and amortization

  total $15,805,743 · program services $6,201,409 · management and general $9,604,334

• 23 · Insurance

  total $3,115,996 · program services $735,790 · management and general $2,380,206

• 24a · Other expenses: Medical and Patient Sup

  total $106,943,302 · program services $105,468,129 · management and general $1,475,173

• 24b · Other expenses: Dues, Licenses, and Tax

  total $7,745,923 · program services $805,220 · management and general $6,940,703

• 24c · Other expenses: UBI Taxes

  total $780,000 · program services $780,000

• 24e · All other expenses

  total $3,857,428 · program services $1,203,266 · management and general $2,654,162

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $16,966,717 · end of year $16,664,962

• 4 · Accounts receivable

  beginning of year $37,012,029 · end of year $51,634,760

• 7 · Other notes and loans receivable

  beginning of year $1,969,686 · end of year $1,877,822

• 8 · Inventories for sale or use

  beginning of year $4,852,676 · end of year $4,730,602

• 9 · Prepaid expenses and deferred charges

  beginning of year $15,823,056 · end of year $19,828,068

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

  $358,648,163

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

  $263,516,229

• 10c · Land, buildings and equipment, net

  beginning of year $98,852,278 · end of year $95,131,934

• 11 · Investments: publicly traded securities

  beginning of year $353,335,112 · end of year $400,409,470

• 12 · Investments: other securities

  beginning of year $23,397,595 · end of year $25,972,759

• 14 · Intangible assets

  beginning of year $7,216,238 · end of year $7,216,238

• 15 · Other assets

  beginning of year $414,588 · end of year $627,575

• 17 · Accounts payable and accrued expenses

  beginning of year $32,448,646 · end of year $35,120,142

• 25 · Other liabilities

  beginning of year $16,172,893 · end of year $18,569,961

• 27 · Net assets without donor restrictions

  beginning of year $496,676,628 · end of year $554,077,746

• 28 · Net assets with donor restrictions

  beginning of year $14,541,808 · end of year $16,326,341

The filer's explanations (Part III)

Part I, Line 1a

The CEO and CFO use their membership at the Country Club for business purposes. Expenses are categorized by the CEO and CFO as business or personal. Personal use expenditures are reimbursed to SRHC.

Part I, Line 7

An annual Executive Compensation Review of the Administrative Team compensation and incentives is performed by an outside firm. The results of the report are provided to the CEO, VP of Human Resources and the Board Executive Compensation Committee (Committee). The Committee determines the CEO's bonus based on outcomes of his performance evaluation, the SRHC Administrative Dashboard, and his list of annual accomplishments. The CEO determines the incentives/bonuses for the remaining Administrative Team in alignment with how the Committee determines the CEO's incentive/bonus, and the level of performance and accomplishments for each team member. Physicians receive bonuses related to production as part of their employment agreements.

Disregarded entities

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

• Salina Regional Health Affiliations LLC

  Management organization · KS · income -$30 · assets $3,591,760

  Directly controlled by Salina Regional Health Center Inc

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Salina Surgical Center LLC

  Unrelated · Surgical center · KS · 50% owned · share of income $3,216,986 · share of assets $6,023,466

• Salina Surgery Properties LLC

  Related · Property ownership · KS · 50% owned · share of income $327,034 · share of assets $1,083,463

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Salina Regional Health Enterprises Inc

  C · Management services · KS · 100% owned · share of income -$124,436 · share of assets $246,433 · controlled entity

  Directly controlled by Salina Regional Health Center