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Nonprofiteer
← SOUTH PENINSULA HOSPITAL INC

Form 990 for tax year 2023

Filed by SOUTH PENINSULA HOSPITAL INC.

Totals

Total revenue
$133,199,966
Total expenses
$129,405,244
Contributions and grants received
$6,921,282
Grants paid
$152,223
Program service revenue
$123,974,590
Investment income
$1,567,300
Other revenue
$736,794
Total assets, end of year
$121,999,892
Total liabilities, end of year
$27,536,867
Net assets or fund balances, end of year
$94,463,025
Program services expenses (Part IX)
$100,603,236
Management and general expenses
$28,802,008
Fundraising expenses
$0
Program service expenses (Part III)
$100,603,236

Program services were 77.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $5,160,918

  • 1e · Government grants (contributions)

    $1,760,364

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $93,172

  • 2a · Program service revenue: Hosspital

    total $93,667,980 · related or exempt $93,667,980 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Physician Offices

    total $16,085,481 · related or exempt $16,085,481 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Long Term Care

    total $12,903,381 · related or exempt $12,903,381 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Home Health Care

    total $1,317,748 · related or exempt $1,317,748 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,558,025 · related or exempt $1,558,025 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $9,275

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $9,275

  • 7d · Net gain or loss

    total $9,275 · related or exempt $9,275 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

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

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 11a · Other revenue: Cafeteria and Other Revenues

    total $696,806 · related or exempt $696,806 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Other Operating Revenues

    total $39,988 · related or exempt $39,988 · unrelated business $0 · excluded $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $736,794

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $152,223 · program services $152,223

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $3,407,745 · program services $1,745,964 · management and general $1,661,781 · fundraising $0

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $56,889,129 · program services $46,059,310 · management and general $10,829,819 · fundraising $0

  • 8 · Pension plan contributions

    total $3,745,105 · program services $2,996,084 · management and general $749,021 · fundraising $0

  • 9 · Other employee benefits

    total $18,804,587 · program services $14,234,863 · management and general $4,569,724 · fundraising $0

  • 10 · Payroll taxes

    total $3,994,930 · program services $3,165,947 · management and general $828,983 · fundraising $0

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $28,089 · program services $0 · management and general $28,089 · fundraising $0

  • 11c · Fees: accounting

    total $142,571 · program services $0 · management and general $142,571 · fundraising $0

  • 11d · Fees: lobbying

    total $10,496 · program services $0 · management and general $10,496 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

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

  • 11g · Fees: other

    total $10,294,113 · program services $9,391,662 · management and general $902,451 · fundraising $0

  • 12 · Advertising and promotion

    total $61,225 · program services $28,242 · management and general $32,983 · fundraising $0

  • 13 · Office expenses

    total $14,944,368 · program services $13,423,575 · management and general $1,520,793 · fundraising $0

  • 14 · Information technology

    total $2,058,701 · program services $853,479 · management and general $1,205,222 · fundraising $0

  • 15 · Royalties

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

  • 16 · Occupancy

    total $2,342,111 · program services $348,479 · management and general $1,993,632 · fundraising $0

  • 17 · Travel

    total $260,385 · program services $178,772 · management and general $81,613 · fundraising $0

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $500,662 · program services $360,029 · management and general $140,633 · fundraising $0

  • 20 · Interest

    total $540,922 · program services $0 · management and general $540,922 · fundraising $0

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

    total $5,057,595 · program services $4,551,835 · management and general $505,760 · fundraising $0

  • 23 · Insurance

    total $1,337,102 · program services $492,398 · management and general $844,704 · fundraising $0

  • 24a · Other expenses: Repairs and Maintenance

    total $2,321,242 · program services $983,237 · management and general $1,338,005 · fundraising $0

  • 24b · Other expenses: Dues and Subscriptions

    total $278,000 · program services $67,838 · management and general $210,162 · fundraising $0

  • 24c · Other expenses: Recruitment

    total $1,923,311 · program services $1,388,070 · management and general $535,241 · fundraising $0

  • 24d · Other expenses: Miscellaneous

    total $310,632 · program services $181,229 · management and general $129,403 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,686 · end of year $2,876

  • 2 · Savings and temporary cash investments

    beginning of year $42,940,215 · end of year $42,730,141

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $15,489,824 · end of year $20,440,376

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $2,130,034 · end of year $2,340,672

  • 9 · Prepaid expenses and deferred charges

    beginning of year $737,230 · end of year $885,529

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

    $111,575,270

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

    $64,784,321

  • 10c · Land, buildings and equipment, net

    beginning of year $43,376,835 · end of year $46,790,949

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $5,000 · end of year $0

  • 15 · Other assets

    beginning of year $9,710,997 · end of year $8,809,349

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,240,037 · end of year $19,087,059

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $630,113 · end of year $1,562,958

  • 20 · Tax-exempt bond liabilities

    beginning of year $8,854,368 · end of year $6,886,850

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $0

  • 24 · Unsecured notes and loans payable

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $90,612,815 · end of year $85,874,223

  • 28 · Net assets with donor restrictions

    beginning of year $55,488 · end of year $8,588,802

Mission and programs · 2023

Mission

South Peninsula Hospital promotes community health and wellness by providing personalized, high-quality, locally coordinated healthcare.

  • Our 22 bed acute care hospital provided inpatient services to 623 patients for total patient days of 3,180 during FY24. Total outpatient visits for the year were 101,153 which includes 5,823 emergency room visits, 1,549 ambulatory surgery visits, and other outpatient services such as imaging, laboratory, physical therapy, infusion, chemotherapy, and sleep lab.

    Expenses $66,029,129 · Revenue $93,667,980

  • The hospital operates several provider based clinics which include family medicine, orthopedics, general surgery, neurology, internal medicine, mental health, OBGYN, and urology. These various outpatient provider based clinics had 43,130 patient visits during FY24.

    Expenses $24,643,680 · Revenue $16,085,481

  • The hospital operates a long term care facility that provides skilled nursing care to an average of 24 patients daily for a total of 8581 resident days during FY24.

    Expenses $7,486,131 · Revenue $12,903,381

  • Our Home Health division caring for patients in the home performed 4,413 home visits during the tax year.

    Expenses $2,444,296 · Revenue $1,317,748

As filed on the 2023 return.

Listed in Part VII

  • Brent Adcox

    Orthopaedic Surgeon

    Total calculated
    $1,514,219
    From this org
    $1,507,619
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,454,653
    Bonus
    $52,696
    Other
    $270
    Deferred
    $6,600
    Nontaxable benefits
    $59,680
    Filer's total
    $1,573,899

  • Edson Knapp

    Director and Radiologist

    Total calculated
    $1,005,929
    From this org
    $999,329
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $987,915
    Bonus
    $1,331
    Other
    $10,082
    Deferred
    $6,600
    Nontaxable benefits
    $60,229
    Filer's total
    $1,066,157

  • Ryan Smith

    CEO

    Total calculated
    $636,379
    From this org
    $629,779
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $445,536
    Bonus
    $173,494
    Other
    $10,749
    Deferred
    $6,600
    Nontaxable benefits
    $45,341
    Filer's total
    $681,720

  • Nathan Kincaid

    Physician

    Total calculated
    $621,835
    From this org
    $615,235
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $554,055
    Bonus
    $34,685
    Other
    $26,495
    Deferred
    $6,600
    Nontaxable benefits
    $56,114
    Filer's total
    $677,949

  • Michael Boling

    Director and General Surgeon

    Total calculated
    $511,651
    From this org
    $511,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $504,939
    Bonus
    $198
    Other
    $6,514
    Deferred
    $0
    Nontaxable benefits
    $46,790
    Filer's total
    $558,441

  • Christopher Landess

    ER Physician

    Total calculated
    $495,825
    From this org
    $489,225
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $468,126
    Bonus
    $1,247
    Other
    $19,852
    Deferred
    $6,600
    Nontaxable benefits
    $60,206
    Filer's total
    $556,031

  • Paula Godfrey

    Physician

    Total calculated
    $465,088
    From this org
    $458,488
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $456,926
    Bonus
    $196
    Other
    $1,366
    Deferred
    $6,600
    Nontaxable benefits
    $22,205
    Filer's total
    $487,293

  • Lucy Fisher

    Physician

    Total calculated
    $443,916
    From this org
    $437,316
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $402,254
    Bonus
    $12,494
    Other
    $22,568
    Deferred
    $6,600
    Nontaxable benefits
    $60,223
    Filer's total
    $504,139

  • Christina Tuomi

    CMO

    Total calculated
    $409,125
    From this org
    $402,525
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $385,363
    Bonus
    $16,394
    Other
    $768
    Deferred
    $6,600
    Nontaxable benefits
    $58,540
    Filer's total
    $467,665

  • Angela Hinnegan

    COO

    Total calculated
    $311,268
    From this org
    $304,668
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,753
    Bonus
    $16,340
    Other
    $575
    Deferred
    $6,600
    Nontaxable benefits
    $34,291
    Filer's total
    $345,559

  • Rachael Kincaid

    CNO

    Total calculated
    $266,003
    From this org
    $259,403
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,532
    Bonus
    $53,595
    Other
    $276
    Deferred
    $6,600
    Nontaxable benefits
    $59,512
    Filer's total
    $325,515

  • Anna Hermanson

    CFO

    Total calculated
    $247,115
    From this org
    $240,515
    From related orgs
    $0
    Other
    $6,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,590
    Bonus
    $23,274
    Other
    $651
    Deferred
    $6,600
    Nontaxable benefits
    $34,123
    Filer's total
    $281,238

  • Aaron Weisser

    President

    Total calculated
    $8,125
    From this org
    $8,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Walter Partridge

    Treasurer

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mary Wythe

    Secretary

    Total calculated
    $6,625
    From this org
    $6,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Melissa Jacobsen

    Vice President

    Total calculated
    $6,625
    From this org
    $6,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Bernadette Wilson

    Director

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Matt Hambrick

    Director

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Julie Woodworth

    Director

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kelly Cooper

    Director

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kari-Ann Calderwood Baker

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Matthew Bullard

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Preston Simmons

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jared Baker

    Director

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Payments for business use of a personal residence
  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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 I, Line 1a
The hospital provides gift cards for special events. The taxes on those gift cards are grossed up and covered by the employer. The hospital also provides a wellness benefit, the use of local health facilities, and pays up to half of gym memberships through the wellness program not to exceed $500 per year. The hospital provides housing as part of recruiting contracts and a stipend for business use of a personal residence. These allowances are included on the employees W-2.
Schedule J, Part I, Line 1b
Although the hospital does not have a written policy governing all fringe benefits, it does closely follow IRS guidelines for the treatment of those benefits and includes all applicable fringe benefits as taxable earnings and reports them on form W-2.
Schedule J, Part I, Line 3
The Board determine the CEO's compensation based on a comparative review of other facility's 990's and wage and compensation surveys done by various agencies including the Alaska Hospital and Healthcare Association.
Schedule J, Part I, Line 4
4a Paula Godfrey severance payment of 76,140. 4b Employees contribute to and participate in a nonqualified 457 compensation plan.

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

  • Elemental Consulting

    $80,577

    Support for community MAPP program, mobilizing action through planning and partnerships, a coalition for health improvement on the peninsula. This program supports All Things Recovery.

  • Hospice of Homer

    $51,540

    Support for the hospice program and community resource for DME and end of life care.

  • Kachemak Bay Family Planning

    $20,106

    Support for private community STD testing.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202501259349302165

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