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Nonprofiteer
← COX-MONETT HOSPITAL INC

Form 990 for tax year 2023

Filed by COX-MONETT HOSPITAL INC.

Totals

Total revenue
$70,965,415
Total expenses
$65,256,357
Contributions and grants received
$153,455
Grants paid
$38,459
Program service revenue
$69,687,575
Investment income
$1,121,457
Other revenue
$2,928
Total assets, end of year
$97,555,229
Total liabilities, end of year
$43,407,445
Net assets or fund balances, end of year
$54,147,784
Program services expenses (Part IX)
$51,710,630
Management and general expenses
$13,545,727
Fundraising expenses
$0
Program service expenses (Part III)
$51,710,630

Program services were 79.2% 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.

  • 1d · Related organizations

    $83,779

  • 1f · All other contributions, gifts and grants

    $69,676

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $67,693,190 · related or exempt $67,693,190

  • 2b · Program service revenue: RETAIL PHARMACY REVENUE

    total $1,588,417 · related or exempt $1,010,893 · unrelated business $577,524

  • 2c · Program service revenue: OTHER REVENUE

    total $405,968 · related or exempt $405,968

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,121,447 · excluded $1,121,447

  • 6a · Gross rents

    real property $2,928

  • 6c · Rental income or loss

    real property $2,928 · personal property $0

  • 6d · Net rental income or loss

    total $2,928 · excluded $2,928

  • 7a · Gross sales of assets other than inventory

    other assets $10

  • 7c · Gain or loss

    securities $0 · other assets $10

  • 7d · Net gain or loss

    total $10 · excluded $10

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,459 · program services $38,459

  • 5 · Compensation of officers, directors and key employees

    total $168,107 · management and general $168,107

  • 6 · Compensation of disqualified persons

    total $145,949 · management and general $145,949

  • 7 · Other salaries and wages

    total $26,995,815 · program services $25,829,512 · management and general $1,166,303

  • 8 · Pension plan contributions

    total $918,870 · program services $883,877 · management and general $34,993

  • 9 · Other employee benefits

    total $2,249,532 · program services $2,138,402 · management and general $111,130

  • 10 · Payroll taxes

    total $1,802,052 · program services $1,705,885 · management and general $96,167

  • 11b · Fees: legal

    total $95 · management and general $95

  • 11c · Fees: accounting

    total $13,991 · management and general $13,991

  • 11g · Fees: other

    total $15,584,599 · program services $7,704,828 · management and general $7,879,771 · fundraising $0

  • 12 · Advertising and promotion

    total $9,917 · program services $4,903 · management and general $5,014

  • 13 · Office expenses

    total $1,207,108 · program services $597,282 · management and general $609,826

  • 14 · Information technology

    total $379,513 · program services $187,626 · management and general $191,887

  • 16 · Occupancy

    total $778,601 · program services $384,930 · management and general $393,671

  • 17 · Travel

    total $221,640 · program services $109,576 · management and general $112,064

  • 19 · Conferences, conventions and meetings

    total $7,533 · program services $3,724 · management and general $3,809

  • 20 · Interest

    total $1,489,424 · program services $736,352 · management and general $753,072

  • 22 · Depreciation, depletion and amortization

    total $3,074,886 · program services $1,520,185 · management and general $1,554,701

  • 23 · Insurance

    total $256,265 · program services $126,694 · management and general $129,571

  • 24a · Other expenses: MEDICAL SUPPLIES & DRUGS

    total $7,741,566 · program services $7,741,566

  • 24b · Other expenses: STATE PROVIDER TAX

    total $1,825,121 · program services $1,825,121

  • 24c · Other expenses: RECRUITING & RETENTION

    total $228,383 · program services $112,910 · management and general $115,473

  • 24d · Other expenses: LICENSES, DUES, SUBSCRIPTION

    total $99,715 · program services $49,298 · management and general $50,417

  • 24e · All other expenses

    total $19,216 · program services $9,500 · management and general $9,716 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $198,897 · end of year $238,745

  • 2 · Savings and temporary cash investments

    beginning of year $17,168,679 · end of year $25,407,133

  • 4 · Accounts receivable

    beginning of year $7,273,168 · end of year $7,271,182

  • 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 $438,094 · end of year $634,788

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,658 · end of year $147,405

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

    $62,806,354

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

    $22,108,571

  • 10c · Land, buildings and equipment, net

    beginning of year $42,631,481 · end of year $40,697,783

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $23,275,726 · end of year $23,158,193

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,985,709 · end of year $2,990,315

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $36,948,311 · end of year $36,796,122

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,676,956 · end of year $3,621,008

  • 27 · Net assets without donor restrictions

    beginning of year $47,439,727 · end of year $54,147,784

Mission and programs · 2023

Mission

TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE THROUGH QUALITY HEALTH CARE, EDUCATION AND RESEARCH.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES QUALITY HEALTHCARE, EDUCATION AND RESEARCH IN ORDER TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES.

  • INPATIENT AND OUTPATIENT SERVICES PROVIDED AT THE MONETT FACILITY MAKE UP THE ORGANIZATION'S LARGEST PROGRAM SERVICE ACTIVITY. USERS ARE ABLE TO SAVE TIME AND MONEY BY SEEING SPECIALISTS IN THEIR COMMUNITY. SERVICES INCLUDE PULMONOLOGY, ENT (EAR, NOSE AND THROAT), ORTHOPEDICS, CARDIOLOGY, OBSTETRICS, RADIOLOGY (CT, MRI, NUCLEAR MEDICINE, ULTRASOUND AND MAMMOGRAPHY), LABORATORY, 24-HOUR EMERGENCY CENTER, GENERAL SURGICAL SERVICES, SAME-DAY SURGERY, DIABETES CENTER, SLEEP CENTER, CARDIOPULMONARY REHAB, MEDICAL-SURGICAL UNIT, PHARMACY AND COMMUNITY WELLNESS.

    Expenses $25,079,908 · Grants $38,459 · Revenue $33,798,814

  • SERVICES PROVIDED AT THE HOSPITAL'S NETWORK OF RURAL HEALTH CLINICS MAKE UP THE SECOND LARGEST PROGRAM SERVICE ACTIVITY. DURING THE YEAR THESE CLINICS SAW 50,764 PATIENT VISITS.

    Expenses $11,026,854 · Revenue $14,860,285

  • REHABILITATION SERVICES PROVIDED THROUGH COX-MONETT CREATE THE THIRD LARGEST PROGRAM SERVICE ACTIVITY. THE TEAM MEMBERS AT THIS FACILITY ARE THE EXPERTS IN HUMAN MOTION. SERVICES INCLUDE PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH PATHOLOGY, ATHLETIC TRAINING AND SPORTS MEDICINE. WHETHER ONE IS SUFFERING FROM BACK PAIN OR RECOVERING FROM A TOTAL JOINT REPLACEMENT, THERE ARE SERVICES TO GET THE PATIENT BACK ON THEIR FEET QUICKLY.

    Expenses $1,904,968 · Revenue $2,567,221

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hal L Higdon

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Brad E Erwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Jefferson M Tynes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Larry W Lipscomb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Robert C Fulp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Sally Hargis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Andrea McKay

    PRESIDENT

    Total calculated
    $336,215
    From this org
    $155,917
    From related orgs
    $155,917
    Other
    $24,381
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $132,170 + $132,169 related
    Bonus
    $23,102 + $23,103 related
    Other
    $645 + $645 related
    Deferred
    $8,003 + $8,004 related
    Nontaxable benefits
    $4,187 + $4,187 related
    Filer's total
    $168,107 + $168,108 related

  • Jacob M McWay

    EVP, COXHEALTH CFO

    Total calculated
    $1,533,041
    From this org
    $0
    From related orgs
    $1,311,928
    Other
    $221,113
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $769,096 related
    Bonus
    $0 + $354,929 related
    Other
    $0 + $187,903 related
    Deferred
    $0 + $200,249 related
    Nontaxable benefits
    $0 + $20,864 related
    Filer's total
    $0 + $1,533,041 related

  • Max D Buetow

    PRESIDENT & CEO

    Total calculated
    $1,922,931
    From this org
    $0
    From related orgs
    $1,617,479
    Other
    $305,452
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,041,070 related
    Bonus
    $0 + $556,570 related
    Other
    $0 + $19,839 related
    Deferred
    $0 + $289,441 related
    Nontaxable benefits
    $0 + $16,011 related
    Filer's total
    $0 + $1,922,931 related

  • Vickie J Nelson

    SECRETARY

    Total calculated
    $91,788
    From this org
    $0
    From related orgs
    $80,046
    Other
    $11,742
    Hours/week
    1 + 45 related

  • Ali H Amro

    Physician

    Total calculated
    $903,527
    From this org
    $870,277
    From related orgs
    $0
    Other
    $33,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $831,450
    Bonus
    $38,587
    Other
    $240
    Deferred
    $16,200
    Nontaxable benefits
    $17,050
    Filer's total
    $903,527

  • David L Matlock

    Physician

    Total calculated
    $384,521
    From this org
    $372,414
    From related orgs
    $0
    Other
    $12,107
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,056
    Bonus
    $0
    Other
    $358
    Deferred
    $0
    Nontaxable benefits
    $12,107
    Filer's total
    $384,521

  • Megan A Carter

    Physician

    Total calculated
    $400,087
    From this org
    $374,572
    From related orgs
    $0
    Other
    $25,515
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,882
    Bonus
    $0
    Other
    $690
    Deferred
    $16,500
    Nontaxable benefits
    $9,015
    Filer's total
    $400,087

  • Stephen Hudson

    Physician

    Total calculated
    $532,395
    From this org
    $498,290
    From related orgs
    $0
    Other
    $34,105
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $497,000
    Bonus
    $0
    Other
    $1,290
    Deferred
    $16,500
    Nontaxable benefits
    $17,605
    Filer's total
    $532,395

  • William W Goodman

    Physician

    Total calculated
    $518,830
    From this org
    $501,225
    From related orgs
    $0
    Other
    $17,605
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $499,272
    Bonus
    $0
    Other
    $1,953
    Deferred
    $0
    Nontaxable benefits
    $17,605
    Filer's total
    $518,830

  • Darren Bass

    FORMER PRESIDENT

    Total calculated
    $145,949
    From this org
    $133,885
    From related orgs
    $0
    Other
    $12,064
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $89,879
    Bonus
    $36,453
    Other
    $7,553
    Deferred
    $6,831
    Nontaxable benefits
    $5,233
    Filer's total
    $145,949

  • Steve Edwards

    FORMER PRESIDENT & CEO

    Total calculated
    $752,528
    From this org
    $0
    From related orgs
    $718,423
    Other
    $34,105
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $218,675 related
    Bonus
    $0 + $205,935 related
    Other
    $0 + $293,813 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $17,605 related
    Filer's total
    $0 + $752,528 related

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

  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 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 4b Supplemental nonqualified retirement plan
STEVE EDWARDS, MAX BEUTOW, AND JACOB MCWAY PARTICIPATE IN A 457(F) NONQUALIFIED RETIREMENT PLAN WITH LESTER E. COX MEDICAL CENTERS: -STEVE EDWARDS RECEIVED AN EXECUTIVE 457(F) DISTRIBUTION OF $292,665, WHICH WAS REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990. - JACOB MCWAY RECEIVED AN EXECUTIVE 457(F) CONTRIBUTION OF $183,749. - JACOB MCWAY RECEIVED A 457(F) DISTRIBUTION OF $153,057, WHICH WAS REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990. - MAX BUETOW RECEIVED AN EXECUTIVE 457(F) CONTRIBUTION OF $273,241.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
KEY EMPLOYEES HAVE NET EARNINGS AS ONE COMPONENT OF A BALANCED SCORECARD METRIC CONTAINED WITHIN A BONUS PROGRAM. EMPLOYED PHYSICIANS ARE PAID BASED ON A SALARY, A FORMULA USING COLLECTIONS AND EXPENSES, AN AMOUNT PER RVU, OR A COMBINATION OF THESE. EXECUTIVE LEVEL STAFF ARE ELIGIBLE FOR ADDITIONAL COMPENSATION BASED ON A VARIETY OF PERFORMANCE INDICATORS IN QUALITY, CUSTOMER AND EMPLOYEE SATISFACTION AND BUSINESS PERFORMANCE MEASURES.
Schedule J, Part I, Line 1a HEALTH AND SOCIAL CLUB DUES
A RELATED ENTITY, COXHEALTH, INCLUDES MONTHLY SOCIAL CLUB DUES IN THE TAXABLE COMPENSATION OF JAKE MCWAY, CFO.
Schedule J, Part I, Line 3 ESTABLISHMENT OF TOP MANAGEMENT OFFICIAL COMPENSATION
LESTER E. COX MEDICAL CENTERS, A RELATED PARTY OF THE ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE COXHEALTH TOP MANAGEMENT OFFICIAL: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part II BOARD MEMBER COMPENSATION
NO COMPENSATION WAS PROVIDED FOR RESPONSIBILITIES ASSOCIATED WITH BEING A BOARD DIRECTOR. COMPENSATION REPORTED FOR SEVERAL BOARD MEMBERS LISTED ON SCHEDULE J REPRESENTS EMPLOYEE OR INDEPENDENT CONTRACTOR COMPENSATION UNRELATED TO SERVICE AS A BOARD MEMBER.
Schedule J, Part II, Column (F) COMPENSATION REPORTED ON PRIOR FORM 990
COMPENSATION IS REPORTED ON THE FORM 990 IN THE YEAR THAT THE COMPENSATION IS EARNED BY OR AWARDED TO AN INDIVIDUAL, EVEN IF THE COMPENSATION IS NOT PAID TO THE INDIVIDUAL, IS NOT FULLY VESTED, OR IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. IF COMPENSATION IS EARNED OR AWARDED IN ONE YEAR BUT PAID IN A LATER YEAR, THEN THE COMPENSATION IS REPORTED A SECOND TIME ON THE FORM 990 IN THE YEAR THE COMPENSATION IS VESTED OR PAID TO THE INDIVIDUAL.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • MEDICAL DEVELOPMENTS INC

    C Corporation · PHARMACY · MO

    Directly controlled by LESTER E COX

  • COXHEALTH RISK SOLUTIONS

    C Corporation · CAPTIVE INSURANCE · CJ

    Directly controlled by LESTER E COX

  • COX TAXABLE CLOSE CORPORATION

    C Corporation · MEDICAL CLINIC · MO

    Directly controlled by COX MED GROP

  • FERRELL-DUNCAN CLINIC INC

    C Corporation · PHYSICIANS · MO

    Directly controlled by COX TAX CLOSE

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202522269349301912

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