Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $332,069

• 1f · All other contributions, gifts and grants

  $20,296

• 1g · Noncash contributions included above

  $19,796

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $115,260,176 · related or exempt $115,260,176

• 2b · Program service revenue: PHARMACY

  total $13,170,379 · related or exempt $10,020,523 · unrelated business $3,149,856

• 2c · Program service revenue: CONTRACT SERVICES

  total $410,784 · related or exempt $410,784

• 2d · Program service revenue: NUTRITIONAL SERVICES

  total $333,207 · related or exempt $333,207

• 3 · Investment income

  total $3,220,695 · excluded $3,220,695

• 6a · Gross rents

  real property $51,055

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $51,055

• 6d · Net rental income or loss

  total $51,055 · excluded $51,055

• 7a · Gross sales of assets other than inventory

  securities $22,116,537

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

  securities $18,361,824 · other assets $19,297

• 7c · Gain or loss

  securities $3,754,713 · other assets -$19,297

• 7d · Net gain or loss

  total $3,735,416 · excluded $3,735,416

• 11a · Other revenue: JOINT VENTURE

  total $935,535 · excluded $935,535

• 11b · Other revenue: DISCOUNTS

  total $391,437 · excluded $391,437

• 11c · Other revenue: STRYKER MAYO

  total $219,648 · excluded $219,648

• 11d · All other revenue

  total $149,673 · excluded $149,673

• 11e · Other revenue, total

  $1,696,293

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $967,348 · program services $967,348

• 5 · Compensation of officers, directors and key employees

  total $1,907,168 · program services $790,984 · management and general $1,116,184

• 7 · Other salaries and wages

  total $46,562,665 · program services $44,187,388 · management and general $2,375,277

• 8 · Pension plan contributions

  total $2,678,445 · program services $2,321,306 · management and general $357,139

• 9 · Other employee benefits

  total $9,124,927 · program services $9,124,927

• 10 · Payroll taxes

  total $3,352,515 · management and general $3,352,515

• 11b · Fees: legal

  total $83,466 · management and general $83,466

• 11c · Fees: accounting

  total $157,356 · management and general $157,356

• 11g · Fees: other

  total $14,098,162 · program services $11,834,340 · management and general $2,263,822

• 12 · Advertising and promotion

  total $555,525 · management and general $555,525

• 13 · Office expenses

  total $2,484,713 · program services $535,997 · management and general $1,948,716

• 14 · Information technology

  total $364,596 · program services $11,888 · management and general $352,708

• 16 · Occupancy

  total $1,898,441 · program services $1,407,214 · management and general $491,227

• 17 · Travel

  total $152,419 · program services $36,704 · management and general $115,715

• 19 · Conferences, conventions and meetings

  total $67,174 · program services $61,070 · management and general $6,104

• 20 · Interest

  total $1,755,985 · management and general $1,755,985

• 22 · Depreciation, depletion and amortization

  total $5,907,736 · program services $1,959,593 · management and general $3,948,143

• 23 · Insurance

  total $661,364 · management and general $661,364

• 24a · Other expenses: UBI TAXES

  total $51,860 · management and general $51,860

• 24b · Other expenses: MEDICAL SUPPLIES

  total $25,416,577 · program services $25,380,550 · management and general $36,027

• 24c · Other expenses: BAD DEBT

  total $5,309,469 · program services $5,309,469

• 24d · Other expenses: MN CARE TAXES PAID

  total $1,844,023 · management and general $1,844,023

• 24e · All other expenses

  total $2,654,179 · program services $1,091,089 · management and general $1,563,090

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $36,917,222 · end of year $23,933,256

• 2 · Savings and temporary cash investments

  beginning of year $74,842,097 · end of year $95,099,731

• 4 · Accounts receivable

  beginning of year $16,975,292 · end of year $19,175,816

• 8 · Inventories for sale or use

  beginning of year $2,565,680 · end of year $2,619,634

• 9 · Prepaid expenses and deferred charges

  beginning of year $923,511 · end of year $721,960

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

  $23,348,864

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

  $14,947,201

• 10c · Land, buildings and equipment, net

  beginning of year $7,334,017 · end of year $8,401,663

• 12 · Investments: other securities

  beginning of year $2,328,840 · end of year $2,500,300

• 15 · Other assets

  beginning of year $50,903,060 · end of year $48,690,339

• 17 · Accounts payable and accrued expenses

  beginning of year $12,290,371 · end of year $12,118,058

• 25 · Other liabilities

  beginning of year $57,988,732 · end of year $55,581,510

• 27 · Net assets without donor restrictions

  beginning of year $122,510,616 · end of year $133,443,131

The filer's explanations (Part III)

PART I, LINE 4B

WELIA HEALTH MAINTAINS A 457(F) PLAN FOR THE CEO. NO AMOUNTS WERE CONTRIBUTED INTO THE PLAN OR DISTRIBUTED OUT OF THE PLAN IN 2024.