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Nonprofiteer
← RUSH MEDICAL FOUNDATION

Form 990 for tax year 2022

Filed by RUSH MEDICAL FOUNDATION.

Totals

Total revenue
$167,156,010
Total expenses
$166,998,369
Contributions and grants received
$7,955,711
Grants paid
$92
Program service revenue
$157,902,875
Investment income
$1,188,895
Other revenue
$108,529
Total assets, end of year
$602,252,649
Total liabilities, end of year
$548,895,076
Net assets or fund balances, end of year
$53,357,573
Program services expenses (Part IX)
$120,030,440
Management and general expenses
$46,538,733
Fundraising expenses
$429,196
Program service expenses (Part III)
$120,030,440

Program services were 71.9% 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)

    $7,955,711

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $147,654,700 · related or exempt $146,542,596 · excluded $1,112,104

  • 2b · Program service revenue: RENTAL FROM AFFILIATE

    total $10,251,732 · excluded $10,251,732

  • 2c · Program service revenue: HEALTHCARE MANGEMENT FEES

    total -$3,557 · related or exempt -$3,557

  • 3 · Investment income

    total $1,188,895 · excluded $1,188,895

  • 6a · Gross rents

    real property $56,031

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $56,031

  • 6d · Net rental income or loss

    total $56,031 · excluded $56,031

  • 11a · Other revenue: ADMIN SERVICES

    total $52,498 · excluded $52,498

  • 11e · Other revenue, total

    $52,498

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $92 · program services $92

  • 6 · Compensation of disqualified persons

    total $54,697,430 · program services $50,679,572 · management and general $3,936,899 · fundraising $80,959

  • 7 · Other salaries and wages

    total $328,959 · management and general $328,959

  • 9 · Other employee benefits

    total $6,534,291 · program services $3,411,842 · management and general $3,114,452 · fundraising $7,997

  • 10 · Payroll taxes

    total $3,859,191 · program services $3,554,351 · management and general $301,498 · fundraising $3,342

  • 11a · Fees: management

    total $17,471,771 · program services $1,325 · management and general $17,470,446

  • 11b · Fees: legal

    total $1,375 · program services $1,375

  • 11f · Fees: investment management

    total $9,230 · management and general $9,230

  • 11g · Fees: other

    total $26,011,133 · program services $15,799,995 · management and general $10,205,899 · fundraising $5,239

  • 12 · Advertising and promotion

    total $635 · program services $68 · management and general $455 · fundraising $112

  • 13 · Office expenses

    total $1,852,899 · program services $1,248,683 · management and general $589,809 · fundraising $14,407

  • 14 · Information technology

    total $154,819 · program services $153,643 · management and general $428 · fundraising $748

  • 16 · Occupancy

    total $7,114,912 · program services $1,786,316 · management and general $5,328,521 · fundraising $75

  • 17 · Travel

    total $100,560 · program services $92,743 · management and general $7,459 · fundraising $358

  • 19 · Conferences, conventions and meetings

    total $653,634 · program services $75,638 · management and general $577,996

  • 20 · Interest

    total $4,083,655 · program services $4,083,655

  • 22 · Depreciation, depletion and amortization

    total $8,668,120 · program services $5,950,165 · management and general $2,717,552 · fundraising $403

  • 23 · Insurance

    total $1,264,525 · program services $1,264,525

  • 24a · Other expenses: MED SUPPL, ORGANS, DRUG

    total $29,817,979 · program services $29,732,257 · management and general $85,722

  • 24b · Other expenses: LICENSES AND TAXES

    total $1,161,198 · program services $1,147,089 · management and general $12,631 · fundraising $1,478

  • 24c · Other expenses: RECRUITING

    total $925,184 · program services $43,411 · management and general $881,773

  • 24d · Other expenses: BLDG EQUIPMENT RPR MAIN

    total $696,516 · program services $273,081 · management and general $423,435

  • 24e · All other expenses

    total $1,590,261 · program services $730,614 · management and general $545,569 · fundraising $314,078

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,918,748 · end of year $5,972,836

  • 2 · Savings and temporary cash investments

    end of year $849,926

  • 4 · Accounts receivable

    beginning of year $16,769,467 · end of year $466,898,024

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $4,837,076 · end of year $3,306,217

  • 9 · Prepaid expenses and deferred charges

    end of year $1,498,709

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

    $79,530,642

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

    $2,819,492

  • 10c · Land, buildings and equipment, net

    beginning of year $51,661,470 · end of year $76,711,150

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $4,851,448

  • 15 · Other assets

    beginning of year $308,367,269 · end of year $47,015,787

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,631,178 · end of year $12,132,189

  • 19 · Deferred revenue

    beginning of year $7,971,260 · end of year $1,778,004

  • 23 · Secured mortgages and notes payable

    beginning of year $128,421,600 · end of year $1,378,185

  • 25 · Other liabilities

    beginning of year $232,055,608 · end of year $533,606,698

  • 27 · Net assets without donor restrictions

    beginning of year $24,325,832 · end of year $53,357,573

Mission and programs · 2022

Mission

TO PROVIDE ACUTE, EMERGENCY AND OUTPATIENT HEALTH CARE TO PERSONS IN LAUDERDALE COUNTY, MISSISSIPI AND THE SURROUNDING AREA.

Activities or mission (Part I)

PROVIDE HEALTH CARE

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $120,030,440 · Grants $92 · Revenue $146,539,039

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • ANN ALEXANDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BILLY PIERCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES K PURVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRED BLACKLEDGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES GRANGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAROL SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FREDERICK DUGGAN MD

    BOARD MEMBER

    Total calculated
    $705,365
    From this org
    $0
    From related orgs
    $651,615
    Other
    $53,750
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $645,589 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $4,526 related
    Deferred
    $0 + $28,500 related
    Nontaxable benefits
    $0 + $25,250 related
    Filer's total
    $0 + $705,365 related

  • D LARKIN KENNEDY PRESIDENT

    CEO - OCHSNER RUSH HEALTH

    Total calculated
    $523,066
    From this org
    $0
    From related orgs
    $500,466
    Other
    $22,600
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $446,426 related
    Bonus
    $0 + $39,988 related
    Other
    $0 + $14,052 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,600 related
    Filer's total
    $0 + $523,066 related

  • J ALLEN TYRA

    CEO - OCHSNER RUSH MEDICAL CENTER

    Total calculated
    $315,310
    From this org
    $0
    From related orgs
    $294,437
    Other
    $20,873
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,488 related
    Bonus
    $0 + $18,365 related
    Other
    $0 + $2,584 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,873 related
    Filer's total
    $0 + $315,310 related

  • DAVID BUTLER

    CFO

    Total calculated
    $298,265
    From this org
    $0
    From related orgs
    $280,801
    Other
    $17,464
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,748 related
    Bonus
    $0 + $16,875 related
    Other
    $0 + $2,178 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,464 related
    Filer's total
    $0 + $298,265 related

  • DARRELL WILDMAN

    BOARD MEMBER AND SECRETARY

    Total calculated
    $305,410
    From this org
    $0
    From related orgs
    $254,032
    Other
    $51,378
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,032 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $43,000 related
    Nontaxable benefits
    $0 + $8,378 related
    Filer's total
    $0 + $305,410 related

  • JAMES M NESTER

    ADMINISTRATOR

    Total calculated
    $160,283
    From this org
    $0
    From related orgs
    $136,843
    Other
    $23,440
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,947 related
    Bonus
    $0
    Other
    $0 + $896 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,440 related
    Filer's total
    $0 + $160,283 related

  • J RICHARD BARRY

    BOARD MEMBER

    Total calculated
    $19,489
    From this org
    $0
    From related orgs
    $9,000
    Other
    $10,489
    Hours/week
    1 + 49 related

  • AMBER BOYD GUNN

    NURSE PRACTITIONER

    Total calculated
    $197,650
    From this org
    $47,290
    From related orgs
    $143,923
    Other
    $6,437
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $47,290 + $129,632 related
    Bonus
    $0 + $14,020 related
    Other
    $0 + $271 related
    Deferred
    $5,627
    Nontaxable benefits
    $345 + $465 related
    Filer's total
    $53,262 + $144,388 related

  • DONNA CAVE PALMER

    NURSE PRACTITIONER

    Total calculated
    $198,552
    From this org
    $100,278
    From related orgs
    $76,502
    Other
    $21,772
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $100,278 + $60,856 related
    Bonus
    $0 + $15,400 related
    Other
    $0 + $246 related
    Deferred
    $0
    Nontaxable benefits
    $15,756 + $6,016 related
    Filer's total
    $116,034 + $82,518 related

  • GARY ADAM MCPHERSON

    NURSE PRACTITIONER

    Total calculated
    $155,134
    From this org
    $93,465
    From related orgs
    $61,279
    Other
    $390
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $93,465 + $57,060 related
    Bonus
    $0 + $4,210 related
    Other
    $0 + $9 related
    Deferred
    $0
    Nontaxable benefits
    $345 + $45 related
    Filer's total
    $93,810 + $61,324 related

  • DONNA R CLARK

    REGISTERED NURSE

    Total calculated
    $154,475
    From this org
    $22,172
    From related orgs
    $132,300
    Other
    $3
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $22,172 + $131,800 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3 related
    Filer's total
    $22,172 + $132,303 related

  • LAURA ELIZABETH PERRY

    NURSE PRACTITIONER

    Total calculated
    $150,310
    From this org
    $73,522
    From related orgs
    $75,936
    Other
    $852
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $73,522 + $59,635 related
    Bonus
    $0 + $16,000 related
    Other
    $0 + $301 related
    Deferred
    $0
    Nontaxable benefits
    $345 + $507 related
    Filer's total
    $73,867 + $76,443 related

  • M CHUCK REECE MD

    FORMER OFFICER

    Total calculated
    $172,605
    From this org
    $0
    From related orgs
    $155,248
    Other
    $17,357
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,248 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,979 related
    Nontaxable benefits
    $0 + $8,378 related
    Filer's total
    $0 + $172,605 related

  • JAMES C MATTHEWS III MD

    FORMER HIGHEST COMPENSATED EMPLOYEE

    Total calculated
    $230,830
    From this org
    $0
    From related orgs
    $194,679
    Other
    $36,151
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,671 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $508 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $36,151 related
    Filer's total
    $0 + $230,830 related

  • ANDREW WATSONMD

    FORMER HIGHEST COMPENSATED EMPLOYEE

    Total calculated
    $211,404
    From this org
    $0
    From related orgs
    $163,143
    Other
    $48,261
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,634 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $11,009 related
    Deferred
    $0 + $15,750 related
    Nontaxable benefits
    $0 + $32,511 related
    Filer's total
    $0 + $211,404 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

SCHEDULE J PART 1 LINES 4A-B
SELECT SENIOR EXECUTIVES AND FORMER EXECUTIVES ARE PROVIDED A LIFE INSURANCE POLICY, WITH PROCEEDS TO BE PAID TO THEIR DESIGNATED BENEFICIARIES. PREMIUMS ARE PAID BY THE ORGANIZATION, AND A LOAN WHOSE BALANCE INCLUDES PREMIUMS AND IMPUTED INTEREST IS MAINTAINED SUCH THAT THE ORGANIZATION WILL RECOVER THE PREMIUMS. TAXATION IS DETERMINED BY THE "LOAN REGIME" UNDER THE FINAL SPLIT DOLLAR REGULATIONS. FOLLOWING IS A LIST OF PARTICIPANTS AND ANY DISTRIBUTIONS MADE IN 2022: DARRELL WILDMAN - NO DISTRIBUTION; M. CHUCK REECE - NO DISTRIBUTION

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202420469349301857

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