Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,974,978

• 1f · All other contributions, gifts and grants

  $816,455

• 2a · Program service revenue: Office of Physicians

  total $6,198,118 · related or exempt $6,198,118

• 2b · Program service revenue: Other Operating Revenue

  total $239,969 · related or exempt $239,969

• 3 · Investment income

  total $28 · excluded $28

• 6a · Gross rents

  real property $26,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $26,000

• 6d · Net rental income or loss

  total $26,000 · excluded $26,000

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $475,353 · management and general $475,353

• 7 · Other salaries and wages

  total $6,050,876 · program services $5,252,686 · management and general $798,190

• 8 · Pension plan contributions

  total $183,603 · program services $157,323 · management and general $26,280

• 9 · Other employee benefits

  total $1,199,978 · program services $986,259 · management and general $213,719

• 10 · Payroll taxes

  total $78,771 · program services $63,998 · management and general $14,773

• 11g · Fees: other

  total $680,432 · program services $497,572 · management and general $182,860

• 12 · Advertising and promotion

  total $21,331 · program services $17,331 · management and general $4,000

• 13 · Office expenses

  total $144,427 · program services $117,342 · management and general $27,085

• 14 · Information technology

  total $663,145 · program services $538,780 · management and general $124,365

• 16 · Occupancy

  total $267,695 · program services $217,492 · management and general $50,203

• 17 · Travel

  total $10,763 · program services $8,745 · management and general $2,018

• 19 · Conferences, conventions and meetings

  total $62,118 · program services $50,468 · management and general $11,650

• 20 · Interest

  total $43,178 · program services $35,080 · management and general $8,098

• 22 · Depreciation, depletion and amortization

  total $242,693 · program services $197,179 · management and general $45,514

• 23 · Insurance

  total $42,357 · program services $34,413 · management and general $7,944

• 24a · Other expenses: Program Supplies

  total $460,321 · program services $460,321

• 24b · Other expenses: Miscellaneous Expenses

  total $279,535 · program services $227,110 · management and general $52,425

• 24c · Other expenses: Equipment Rental & Repa

  total $25,185 · program services $20,462 · management and general $4,723

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,523 · end of year $255,964

• 2 · Savings and temporary cash investments

  beginning of year $1,028,792 · end of year $14,046

• 3 · Pledges and grants receivable

  beginning of year $301,528 · end of year $171,153

• 4 · Accounts receivable

  beginning of year $362,130 · end of year $527,466

• 9 · Prepaid expenses and deferred charges

  beginning of year $29,438 · end of year $56,003

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

  $5,898,233

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

  $1,338,103

• 10c · Land, buildings and equipment, net

  beginning of year $3,212,755 · end of year $4,560,130

• 15 · Other assets

  beginning of year $38,750 · end of year $56,500

• 17 · Accounts payable and accrued expenses

  beginning of year $875,197 · end of year $1,556,690

• 19 · Deferred revenue

  end of year $240,041

• 23 · Secured mortgages and notes payable

  beginning of year $725,877 · end of year $1,184,290

• 25 · Other liabilities

  beginning of year $52,388 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $3,336,454 · end of year $2,383,784

• 28 · Net assets with donor restrictions

  end of year $276,457

The filer's explanations (Part III)

Part I, Line 7

Due to increased exposure to the omicron variant of the COVID-19 pandemic and to receipt of Provider Relief funds, LRHC paid bonuses to all employees for hazard pay and continued service in a high-risk environment.