Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $58,547

• 1f · All other contributions, gifts and grants

  $228,735

• 2a · Program service revenue: MEDICAL SERVICE REVENUE

  total $85,650,560 · related or exempt $85,650,560

• 3 · Investment income

  total $3,110,365 · excluded $3,110,365

• 6a · Gross rents

  real property $19,825

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $19,825

• 6d · Net rental income or loss

  total $19,825 · excluded $19,825

• 7a · Gross sales of assets other than inventory

  securities $21,188,969 · other assets $6,000

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

  securities $22,972,964 · other assets $3,000

• 7c · Gain or loss

  securities -$1,783,995 · other assets $3,000

• 7d · Net gain or loss

  total -$1,780,995 · excluded -$1,780,995

• 10a · Gross sales of inventory

  $2,308,866

• 10b · Cost of goods sold

  $1,541,266

• 10c · Net income from sales of inventory

  total $767,600 · unrelated business $767,600

• 11a · Other revenue: OTHER REVENUE

  total $944,001 · related or exempt $944,001

• 11b · Other revenue: CAFETERIA

  total $314,828 · related or exempt $314,828

• 11e · Other revenue, total

  $1,258,829

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,230 · program services $3,230

• 5 · Compensation of officers, directors and key employees

  total $494,065 · program services $229,533 · management and general $264,532

• 7 · Other salaries and wages

  total $26,901,568 · program services $25,483,783 · management and general $1,293,239 · fundraising $124,546

• 8 · Pension plan contributions

  total $1,441,173 · program services $1,314,736 · management and general $126,437

• 9 · Other employee benefits

  total $4,140,894 · program services $3,517,841 · management and general $598,690 · fundraising $24,363

• 10 · Payroll taxes

  total $1,843,245 · program services $1,635,991 · management and general $199,652 · fundraising $7,602

• 11c · Fees: accounting

  total $3,424,234 · program services $3,409,004 · management and general $15,230

• 11g · Fees: other

  total $4,507,407 · program services $4,383,211 · management and general $123,281 · fundraising $915

• 12 · Advertising and promotion

  total $39,911 · program services $30,651 · management and general $8,260 · fundraising $1,000

• 13 · Office expenses

  total $201,219 · program services $194,197 · management and general $5,923 · fundraising $1,099

• 16 · Occupancy

  total $2,030,468 · program services $1,975,993 · management and general $53,375 · fundraising $1,100

• 17 · Travel

  total $68,907 · program services $60,682 · management and general $7,413 · fundraising $812

• 20 · Interest

  total $323,698 · program services $82,466 · management and general $241,232

• 22 · Depreciation, depletion and amortization

  total $3,476,513 · program services $3,226,421 · management and general $250,092

• 24a · Other expenses: SUPPLIES

  total $14,438,293 · program services $14,367,865 · management and general $66,620 · fundraising $3,808

• 24b · Other expenses: ALLOCATED EXPENSES

  total $7,894,104 · program services $6,998,631 · management and general $895,473

• 24c · Other expenses: BAD DEBTS

  total $2,342,903 · program services $2,332,785 · fundraising $10,118

• 24d · Other expenses: LICENSES AND TAXES

  total $178,610 · program services $142,002 · management and general $36,608

• 24e · All other expenses

  total $93,546 · program services $19,385 · management and general $74,161

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,473,931 · end of year $18,785,388

• 2 · Savings and temporary cash investments

  beginning of year $65,978,456 · end of year $69,965,463

• 4 · Accounts receivable

  beginning of year $19,469,276 · end of year $18,705,774

• 7 · Other notes and loans receivable

  beginning of year $4,076,609 · end of year $3,939,953

• 8 · Inventories for sale or use

  beginning of year $2,767,585 · end of year $2,568,218

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,735,817 · end of year $1,552,567

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

  $89,487,797

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

  $46,385,091

• 10c · Land, buildings and equipment, net

  beginning of year $44,891,462 · end of year $43,102,706

• 13 · Investments: program-related

  beginning of year $1,176,855 · end of year $1,405,590

• 14 · Intangible assets

  beginning of year $260,341 · end of year $232,448

• 15 · Other assets

  beginning of year $234,228 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $11,012,799 · end of year $9,959,976

• 20 · Tax-exempt bond liabilities

  beginning of year $12,570,611 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $1,129,569 · end of year $12,439,224

• 25 · Other liabilities

  beginning of year $18,916,156 · end of year $10,999,174

• 27 · Net assets without donor restrictions

  beginning of year $107,602,315 · end of year $126,192,806

• 28 · Net assets with donor restrictions

  beginning of year $833,110 · end of year $666,927

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS OR CHARTER TRAVEL. THE ORGANIZATION ONLY PROVIDES FIRST CLASS TRAVEL PAID WITH POINTS. CHARTER TRAVEL IS UTILIZED FOR THESE INDIVIDUALS WHEN A GROUP IS FLYING TOGETHER TO A CONFERENCE OR MEETING AND IT IS LESS EXPENSIVE THAN FLYING COMMERCIAL OR NO COMMERCIAL FLIGHT IS AVAILABLE. THIS WAS NOT INCLUDED AS TAXABLE COMPENSATION AS IT WAS BUSINESS RELATED. THE MEMBERS OF LOGAN HEALTH'S ADMINISTRATIVE TEAM RECEIVE A FREE MEMBERSHIP TO THE SUMMIT MEDICAL FITNESS CENTER, AN AFFILIATED ORGANIZATION.

PART I, LINE 4B

KEVIN ABEL, CRAIG LAMBRECHT, AND COLE TURNER PARTICIPATED IN A SECTION 457(F) DEFERRED COMPENSATION PLAN BUT RECEIVED NO PAYMENTS. A COMMITTEE APPOINTED BY THE BOARD OF TRUSTEES SELECTS THE PLAN'S PARTICIPANTS FROM A SELECT GROUP OF MANAGEMENT AND HIGHLY COMPENSATED EMPLOYEES. THE EMPLOYER WILL CONTRIBUTE TO THE PLAN BASED ON THE TERMS OF THE PARTICIPANT'S INCENTIVE COMPENSATION PLAN. THE FUNDS IN THE PARTICIPANT'S NON-RETIREMENT ACCOUNT ARE DISTRIBUTABLE IN THE THIRD YEAR AFTER THE PARTICIPANT PERFORMS THE SERVICES ATTRIBUTABLE TO THE DEFERRED COMPENSATION. THE PARTICIPANT CAN DEFER DISTRIBUTION. THE FUNDS IN THE PARTICIPANT'S RETIREMENT ACCOUNT ARE DISTRIBUTABLE WHEN THE PARTICIPANT SEPARATES FROM SERVICE. A PARTICIPANT'S NON-RETIREMENT ACCOUNT VESTS AT THE EARLIER OF THE PARTICIPANT'S DEATH, DISABILITY, OR ELECTED DISTRIBUTION DATE. A PARTICIPANT'S RETIREMENT ACCOUNT VESTS UPON THE COMPLETION OF FIVE YEARS OF SERVICE AS A SENIOR EXECUTIVE OR, IF EARLIER, THE PARTICIPANT'S DEATH OR DISABILITY. ANY AMOUNT CREDITED TO THE PARTICIPANT'S ACCOUNT IS TAXABLE ON THE VESTING DATE, REGARDLESS OF WHETHER THE AMOUNT DISTRIBUTABLE AT THAT TIME.

PART I, LINE 7

BONUS PLANS ADMIN AND MGMT-BASED ON A NUMBER OF FACTORS INCLUDING BUT NOT LIMITED TO: QUALITY AND FINANCIAL INDICATORS INCLUDING DEPARTMENT SPECIFIC GOALS AND INITIATIVES, PATIENT SATISFACTION, PRODUCTIVITY, EMPLOYEE SATISFACTION, AND EMPLOYEE EVALUATION TIMELINESS. SUCCESSFUL IMPLEMENTATION OF COMPANY FISCAL YEAR ACTION PLANS AND THE OVERALL FINANCIAL HEALTH AND STABILITY OF THE ORGANIZATION.