Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $675,548

• 1d · Related organizations

  $932,600

• 1e · Government grants (contributions)

  $105,000

• 1f · All other contributions, gifts and grants

  $2,153,030

• 2a · Program service revenue: Net Patient Revenue

  total $65,683,007 · related or exempt $65,683,007 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

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

• 3 · Investment income

  total $1,663,801 · related or exempt $0 · unrelated business $0 · excluded $1,663,801

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $20,928,907

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

  securities $19,680,738

• 7c · Gain or loss

  securities $1,248,169 · other assets $0

• 7d · Net gain or loss

  total $1,248,169 · related or exempt $0 · unrelated business $0 · excluded $1,248,169

• 8a · Fundraising events: gross income

  $176,373

• 8a · Fundraising events: contributions included on line 1c

  $675,548

• 8b · Fundraising events: direct expenses

  $304,285

• 8c · Net income from fundraising events

  total -$127,912 · unrelated business $0 · excluded -$127,912

• 11a · Other revenue: Insurance credit

  total $290,154 · related or exempt $290,154 · unrelated business $0 · excluded $0

• 11b · Other revenue: Cafeteria

  total $217,459 · related or exempt $0 · unrelated business $0 · excluded $217,459

• 11c · Other revenue: Other Revenue

  total $52,095 · related or exempt $52,095 · unrelated business $0 · excluded $0

• 11d · All other revenue

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

• 11e · Other revenue, total

  $559,708

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $1,777,113 · program services $1,486,232 · management and general $290,881 · fundraising $0

• 7 · Other salaries and wages

  total $37,542,917 · program services $31,397,823 · management and general $6,145,094 · fundraising $0

• 8 · Pension plan contributions

  total $1,333,855 · program services $1,115,527 · management and general $218,328 · fundraising $0

• 9 · Other employee benefits

  total $5,390,040 · program services $4,507,788 · management and general $882,252 · fundraising $0

• 10 · Payroll taxes

  total $2,712,684 · program services $2,268,667 · management and general $444,017 · fundraising $0

• 11c · Fees: accounting

  total $118,803 · program services $0 · management and general $118,803 · fundraising $0

• 11d · Fees: lobbying

  total $338 · program services $0 · management and general $338 · fundraising $0

• 11f · Fees: investment management

  total $118,119 · program services $0 · management and general $118,119 · fundraising $0

• 11g · Fees: other

  total $6,611,245 · program services $5,529,104 · management and general $1,082,141 · fundraising $0

• 12 · Advertising and promotion

  total $64,797 · program services $54,191 · management and general $10,606 · fundraising $0

• 13 · Office expenses

  total $527,948 · program services $441,533 · management and general $86,415 · fundraising $0

• 14 · Information technology

  total $458,487 · program services $383,441 · management and general $75,046 · fundraising $0

• 16 · Occupancy

  total $1,215,061 · program services $1,016,178 · management and general $198,883 · fundraising $0

• 17 · Travel

  total $19,076 · program services $15,954 · management and general $3,122 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $5,463 · program services $4,569 · management and general $894 · fundraising $0

• 20 · Interest

  total $49,226 · program services $41,169 · management and general $8,057 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $5,726,678 · program services $4,789,325 · management and general $937,353 · fundraising $0

• 23 · Insurance

  total $229,315 · program services $191,780 · management and general $37,535 · fundraising $0

• 24a · Other expenses: Medical Supplies

  total $4,234,286 · program services $4,234,286 · management and general $0 · fundraising $0

• 24b · Other expenses: Other expenses

  total $1,649,076 · program services $1,379,152 · management and general $269,924 · fundraising $0

• 24c · Other expenses: Repairs/Maintenance

  total $1,253,638 · program services $1,048,440 · management and general $205,198 · fundraising $0

• 24d · Other expenses: Bad Debt

  total $613,367 · program services $613,367 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $461,010 · program services $385,551 · management and general $75,459 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $478,934 · end of year $1,024,100

• 2 · Savings and temporary cash investments

  beginning of year $2,675,119 · end of year $5,022,858

• 3 · Pledges and grants receivable

  beginning of year $777,504 · end of year $825,982

• 4 · Accounts receivable

  beginning of year $6,947,515 · end of year $7,196,306

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $152,553 · end of year $172,988

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,731,050 · end of year $11,572,829

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

  $90,493,095

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

  $56,725,541

• 10c · Land, buildings and equipment, net

  beginning of year $37,622,857 · end of year $33,767,554

• 11 · Investments: publicly traded securities

  beginning of year $66,552,585 · end of year $72,048,838

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $31,825,869 · end of year $32,794,812

• 17 · Accounts payable and accrued expenses

  beginning of year $14,017,000 · end of year $9,562,155

• 19 · Deferred revenue

  beginning of year $262,348 · end of year $3,727

• 20 · Tax-exempt bond liabilities

  beginning of year $2,714,821 · end of year $2,290,000

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $4,068,077 · end of year $9,929,442

• 27 · Net assets without donor restrictions

  beginning of year $116,039,737 · end of year $119,217,292

• 28 · Net assets with donor restrictions

  beginning of year $20,662,003 · end of year $23,423,651

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

During the fiscal year ended June 30, 2024, certain officers and key employees participated in the Mt. Washington Pediatric Hospital supplemental nonqualified retirement plan. The individuals listed below have not vested in the plan therefore the accrued contribution to the plan for the fiscal year is reported on schedule J, part II, column C, retirement and other deferred compensation: Scott Klein Justina Starobin Mary Miller Thomas Ellis Jill Feinberg DURING THE FISCAL YEAR ENDED JUNE 30, 2024, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN THE Mt. Washington Pediatric Hospital SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUAL LISTED BELOW HAS VESTED IN THE PLAN IN THE REPORTING TAX YEAR, THEREFORE THE FULL VALUE OF THE PLAN, INCLUDING ANY CONTRIBUTIONS TO THE PLAN FOR THE CURRENT FISCAL YEAR ARE REPORTED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, LINE B(III), OTHER REPORTABLE COMPENSATION. PRIOR YEAR CONTRIBUTIONS TO THE PLAN WERE PREVIOUSLY REPORTED ON FORM 990 AND ARE INDICATED ON SCHEDULE J, PART II, COLUMN (F). Denise Pudinski, $146,049

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

BONUSES PAID ARE BASED ON A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOAL ACHIEVEMENTS AS WELL AS ORGANIZATION OPERATION ACHIEVEMENTS. THE FINAL DETERMINATION OF THE BONUS AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF THE OFFICERS AND KEY EMPLOYEES.

Disregarded entities

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

• MWP COMMUNITY HEALTH SERVICES

  HEALTHCARE · MD · income $163,587 · assets $1,381,545

  Directly controlled by MWPH

• Mt Washington Pediatric Community Behavioral Health Services LLC

  Healthcare · MD · income $28,280 · assets $11,705

  Directly controlled by MWPH