Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $2,373,234 · excluded $2,373,234

• 7a · Gross sales of assets other than inventory

  securities $21,462,642

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

  securities $19,717,691

• 7c · Gain or loss

  securities $1,744,951

• 7d · Net gain or loss

  total $1,744,951 · excluded $1,744,951

Functional expenses

Part IX, the statement of functional expenses.

• 11f · Fees: investment management

  total $348,795 · management and general $348,795

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $20,357,508 · end of year $17,894,423

• 2 · Savings and temporary cash investments

  beginning of year $4,444,378 · end of year $6,971,552

• 4 · Accounts receivable

  beginning of year $52,108 · end of year $61,431

• 5 · Loans and receivables from officers and key people

  beginning of year $4,002,057 · end of year $4,884,966

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,372,975 · end of year $1,044,704

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

  $3,325,703

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

  $934,472

• 10c · Land, buildings and equipment, net

  beginning of year $2,901,925 · end of year $2,391,231

• 11 · Investments: publicly traded securities

  beginning of year $56,991,582 · end of year $66,947,134

• 15 · Other assets

  beginning of year $7,417,062 · end of year $8,334,313

• 17 · Accounts payable and accrued expenses

  beginning of year $3,010,000 · end of year $1,318,708

• 25 · Other liabilities

  beginning of year $53,016,578 · end of year $60,173,163

• 27 · Net assets without donor restrictions

  beginning of year $41,513,017 · end of year $47,037,883

The filer's explanations (Part III)

PART I, LINE 1A

MONTHLY DUES WERE PAID TO OBTAIN MEMBERSHIP AT THE BUCKHEAD CLUB FOR THE PURPOSE OF CONDUCTING BUSINESS MEETINGS. THE MEMBERSHIP IS IN THE NAME OF DENNIS WHITE AND WAS NOT TREATED AS TAXABLE BENEFIT DUE TO THE BUSINESS PURPOSE OF THE ARRANGEMENT.

PART I, LINE 4B

ALLIANT HEALTH GROUP INC. MAINTAINS TWO DEFERRED COMPENSATION PLANS, AN IRC SECTION 457(F) PLAN AND SECTION 162 RESTRICTED BONUS PLAN, EFFECTIVE AS OF JULY 1, 2021 FOR CERTAIN EMPLOYEES. THE 457(F) PLAN PROVIDES FOR A RETENTION PAYMENT SHOULD THE PARTICIPANT STILL BE EMPLOYED WITH THE ORGANIZATION ON CERTAIN FUTURE DATES. NO PAYMENTS WERE MADE TO PARTICIPANTS DURING THE TAX YEAR. PLEASE SEE BELOW FOR A SUMMARY OF THE TERMS BY PARTICIPANT. CAROL ALLEN: ELIGIBLE IF STILL EMPLOYED BY THE ORGANIZATION ON DECEMBER 31, 2026 GREG GREENLOW: ELIGIBLE IF STILL EMPLOYED BY THE ORGANIZATION ON DECEMBER 31, 2026 THE SECTION 162 RESTRICTED BONUS PLAN PROVIDES FOR A SPLIT-DOLLAR AGREEMENT WHERE THE ORGANIZATION FUNDS THE PURCHASE OF A LIFE INSURANCE POLICY OWNED BY THE EMPLOYEE AND TAKES BACK A NOTE RECEIVABLE FOR THE AMOUNT OF PREMIUMS PAID PLUS INTEREST. THE EXPECTATION IS THAT THE NOTE RECEIVABLE WOULD BE REPAID FIRST BY THE POLICY PROCEEDS UPON THE DEATH OF THE EMPLOYEE. THE EMPLOYEE WILL VEST IN THE BALANCE OF THE POLICY BASED ON EMPLOYMENT THROUGH 2027. THE ORGANIZATION BEGAN PAYING PREMIUMS UNDER THIS PLAN ON JULY 1, 2022. THE FOLLOWING PREMIUM PAYMENTS WERE MADE FOR PLAN PARTICIPANTS DURING THE CURRENT TAX YEAR: DENNIS WHITE - $550,000 JOHN SLAUGHTER - $60,345 WILLIAM BATTLES - $63,058 MARGOT WILSON TOWNSEND - $55,000 NATASHA AVERY - $156,421

PART I, LINE 7

BONUSES INCLUDE HOLIDAY BONUSES PROVIDED TO ALL EMPLOYEES DURING GOOD FINANCIAL YEARS AND A BONUS POOL FOR THE MANAGEMENT TEAM WHICH IS ALLOCATED BASED ON PERFORMANCE AND THE FINANCIAL RESULTS OF THE PRECEDING FISCAL YEAR. ALL BONUSES ARE APPROVED BY THE EXECUTIVE COMMITTEE.

Related corporations and trusts

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

• MEDQUAL INC

  C · CHART/BILLING REVIEW · GA · 100% owned · controlled entity

  Directly controlled by ALLIANT ASO INC