Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $40,000

• 1e · Government grants (contributions)

  $455,997

• 1f · All other contributions, gifts and grants

  $773,042

• 2a · Program service revenue: Patient Service Revenue

  total $62,635,552 · related or exempt $62,635,552

• 2b · Program service revenue: Health care Reform Payments

  total $2,717,271 · related or exempt $2,717,271

• 2c · Program service revenue: Program and miscellaneous

  total $1,665,941 · related or exempt $1,665,941

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $584,362 · unrelated business $34,607 · excluded $549,755

• 6a · Gross rents

  real property $45,299

• 6c · Rental income or loss

  real property $45,299 · personal property $0

• 6d · Net rental income or loss

  total $45,299 · excluded $45,299

• 7a · Gross sales of assets other than inventory

  securities $1,500,000 · other assets $21,319

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

  securities $260,101 · other assets $443

• 7c · Gain or loss

  securities $1,239,899 · other assets $20,876

• 7d · Net gain or loss

  total $1,260,775 · excluded $1,260,775

• 11a · Other revenue: Cafeteria

  total $177,761 · excluded $177,761

• 11b · Other revenue: Stimulus Funds

  total $1,270,324 · related or exempt $1,270,324

• 11c · Other revenue: Other Income

  total $181,710 · related or exempt $181,710

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $1,629,795

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,865,925 · program services $1,554,872 · management and general $311,053

• 7 · Other salaries and wages

  total $27,566,564 · program services $22,934,643 · management and general $4,595,399 · fundraising $36,522

• 8 · Pension plan contributions

  total $1,011,209 · program services $841,299 · management and general $168,570 · fundraising $1,340

• 9 · Other employee benefits

  total $4,728,809 · program services $3,930,293 · management and general $788,301 · fundraising $10,215

• 10 · Payroll taxes

  total $2,026,502 · program services $1,685,995 · management and general $337,822 · fundraising $2,685

• 11b · Fees: legal

  total $8,299 · management and general $8,299

• 11g · Fees: other

  total $16,342,091 · program services $13,277,654 · management and general $2,964,083 · fundraising $100,354

• 12 · Advertising and promotion

  total $214,878 · program services $112,994 · management and general $95,913 · fundraising $5,971

• 13 · Office expenses

  total $127,328 · program services $86,079 · management and general $40,985 · fundraising $264

• 14 · Information technology

  total $503,066 · program services $166,551 · management and general $329,111 · fundraising $7,404

• 16 · Occupancy

  total $1,501,249 · program services $780,137 · management and general $721,112

• 17 · Travel

  total $39,949 · program services $23,362 · management and general $16,223 · fundraising $364

• 20 · Interest

  total $483,916 · program services $405,426 · management and general $77,861 · fundraising $629

• 22 · Depreciation, depletion and amortization

  total $2,322,266 · program services $1,941,998 · management and general $377,249 · fundraising $3,019

• 23 · Insurance

  total $804,313 · program services $547,566 · management and general $256,747

• 24a · Other expenses: Medical and other supplies

  total $5,311,757 · program services $4,678,997 · management and general $626,033 · fundraising $6,727

• 24b · Other expenses: Dues, Fees, and Taxes

  total $2,997,514 · program services $2,367,524 · management and general $629,769 · fundraising $221

• 24c · Other expenses: Miscellaneous Expenses

  total $586,188 · program services $267,246 · management and general $301,196 · fundraising $17,746

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,823,030 · end of year $8,263,696

• 2 · Savings and temporary cash investments

  beginning of year $5,838,799 · end of year $6,082,366

• 3 · Pledges and grants receivable

  beginning of year $601,324

• 4 · Accounts receivable

  beginning of year $5,248,907 · end of year $6,500,934

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $450,451 · end of year $444,918

• 9 · Prepaid expenses and deferred charges

  beginning of year $594,853 · end of year $518,433

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

  $49,909,634

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

  $31,932,153

• 10c · Land, buildings and equipment, net

  beginning of year $16,768,379 · end of year $17,977,481

• 12 · Investments: other securities

  beginning of year $32,924,083 · end of year $34,190,955

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $8,198,757 · end of year $8,169,484

• 17 · Accounts payable and accrued expenses

  beginning of year $8,808,223 · end of year $10,444,700

• 19 · Deferred revenue

  beginning of year $4,379,678 · end of year $2,909,991

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0

• 25 · Other liabilities

  beginning of year $23,374,115 · end of year $23,938,097

• 27 · Net assets without donor restrictions

  beginning of year $31,181,984 · end of year $36,693,917

• 28 · Net assets with donor restrictions

  beginning of year $7,704,583 · end of year $8,161,562

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THE CEO'S COMPENSATION AMOUNT IS DETERMINED BY A RELATED ORGANIZATION, WHICH USES A COMPENSATION COMMITTEE, AN INDEPENDENT CONSULTANT, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE MAHHC BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE CEO'S COMPENSATION.

Schedule J, Part I, Line 7 Non-fixed payments

A bonus was paid to several employees during calendar year 2022. These amounts were based on a combination of performance and gross pay.

Schedule J, Part II NOTE REGARDING COMPENSATION

FORM 990, SCHEDULE J, PART II COLUMN B, PARTS I, II, AND III REPRESENT ACTUAL AMOUNTS PAID TO EMPLOYEES BY MAHHC AND RELATED ORGANIZATIONS. THESE AMOUNTS ARE REPORTED TO EMPLOYEES ON THEIR ANNUAL W-2 FORMS AS COMPENSATION. COLUMNS C AND D REPRESENT ITEMS EARNED, HOWEVER, NOT PAID DIRECTLY TO THE EMPLOYEE AS CASH PAYMENTS DURING THE CALENDAR YEAR. COLUMN C INCLUDES RETIREMENT BENEFITS IN A CALENDAR YEAR. COLUMN D REPRESENTS NONTAXABLE BENEFITS SUCH AS THE COST OF HEALTHCARE COVERAGE PROVIDED BY MAHHC ON BEHALF OF ITS EMPLOYEES.

Related corporations and trusts

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

• Mount Ascutney Professional Center Owners Assoc

  C Corporation · Real Estate Management · VT · 100% owned · share of income $104,200 · share of assets $10,339 · controlled entity

  Directly controlled by Windsor Hospital Corporation