Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,263

• 1e · Government grants (contributions)

  $13,312

• 2a · Program service revenue: NET PATIENT REVENUE

  total $51,510,931 · related or exempt $51,510,931

• 3 · Investment income

  total $717,109 · excluded $717,109

• 6a · Gross rents

  real property $127,134

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $127,134

• 6d · Net rental income or loss

  total $127,134 · excluded $127,134

• 11a · Other revenue: PHARMACY

  total $3,102,545 · excluded $3,102,545

• 11b · Other revenue: DIETARY

  total $93,540 · excluded $93,540

• 11c · Other revenue: OTHER MISC REVENUES

  total $36,410 · excluded $36,410

• 11e · Other revenue, total

  $3,232,495

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $319,040 · program services $212,878 · management and general $106,162

• 7 · Other salaries and wages

  total $24,291,649 · program services $16,208,430 · management and general $8,083,219

• 8 · Pension plan contributions

  total $593,360 · program services $395,915 · management and general $197,445

• 9 · Other employee benefits

  total $3,101,725 · program services $2,069,604 · management and general $1,032,121

• 10 · Payroll taxes

  total $1,534,179 · program services $1,023,670 · management and general $510,509

• 11a · Fees: management

  total $500,000 · management and general $500,000

• 11b · Fees: legal

  total $15,170 · management and general $15,170

• 11c · Fees: accounting

  total $51,000 · management and general $51,000

• 11d · Fees: lobbying

  total $7,705 · program services $7,705

• 11g · Fees: other

  total $1,540,739 · program services $1,028,047 · management and general $512,692

• 12 · Advertising and promotion

  total $102,393 · program services $68,321 · management and general $34,072

• 13 · Office expenses

  total $78,827 · program services $52,597 · management and general $26,230

• 16 · Occupancy

  total $626,244 · program services $626,244

• 17 · Travel

  total $19,312 · program services $12,886 · management and general $6,426

• 19 · Conferences, conventions and meetings

  total $114,095 · program services $76,129 · management and general $37,966

• 20 · Interest

  total $235,424 · program services $235,424

• 22 · Depreciation, depletion and amortization

  total $2,339,574 · program services $1,561,064 · management and general $778,510

• 23 · Insurance

  total $447,009 · management and general $447,009

• 24a · Other expenses: SUPPLIES

  total $8,681,716 · program services $5,792,813 · management and general $2,888,903

• 24b · Other expenses: PURCHASED SERVICES

  total $4,038,404 · program services $2,694,596 · management and general $1,343,808

• 24c · Other expenses: EQUIPMENT RENTAL AND MA

  total $872,074 · program services $581,885 · management and general $290,189

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $170,569 · program services $113,811 · management and general $56,758

• 24e · All other expenses

  total $247,157 · program services $164,914 · management and general $82,243

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $26,134,868 · end of year $31,293,656

• 4 · Accounts receivable

  beginning of year $11,335,576 · end of year $10,167,318

• 8 · Inventories for sale or use

  beginning of year $792,139 · end of year $934,993

• 9 · Prepaid expenses and deferred charges

  beginning of year $232,194 · end of year $250,841

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

  $70,887,355

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

  $50,485,009

• 10c · Land, buildings and equipment, net

  beginning of year $18,003,842 · end of year $20,402,346

• 11 · Investments: publicly traded securities

  beginning of year $6,344,081 · end of year $6,505,833

• 15 · Other assets

  beginning of year $361,793 · end of year $188,511

• 17 · Accounts payable and accrued expenses

  beginning of year $5,431,440 · end of year $5,798,487

• 20 · Tax-exempt bond liabilities

  beginning of year $5,372,919 · end of year $4,115,004

• 25 · Other liabilities

  beginning of year $744,947 · end of year $2,334,975

• 27 · Net assets without donor restrictions

  beginning of year $51,655,187 · end of year $57,495,032

The filer's explanations (Part III)

PART I, LINE 3

DURING THE CALENDAR YEAR 2024, COMPENSATION FOR THE CEO WAS ESTABLISHED AND PAID BY CHI HEALTH, AN UNRELATED ORGANIZATION. CHI HEALTH USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION: (1) COMPENSATION SURVEYS OR STUDIES AND (2) INDEPENDENT COMPENSATION CONSULTANT.

PART I, LINE 5

ON A QUARTERLY BASIS, PHYSICIANS ARE ELIGIBLE FOR A BONUS IF THEIR OWN PERSONAL GROSS REVENUE PRODUCTION (WITH CERTAIN LIMITS ON WHAT IS INCLUDED) EXCEED A THRESHOLD. THEY THEN GET 40% OF THE AMOUNT OVER THAT GROSS REVENUE THRESHOLD. THEY ARE ALSO ELIGIBLE FOR A KEY PERFORMANCE INDICATOR (KPI) ANNUAL BONUS ONLY IF THE COMBINED EBIDA (MCH AND ITS RELATED ORGANIZATION) TARGET IS ACHIEVED. THE KPI ANNUAL BONUSES ARE NOT BASED ON THE PHYSICIANS' SALARIES BUT BASED ON HOW THEY PERFORM ON THE 6 METRICS OF THE KPI PLAN. MCH PHYSICIANS ARE ELIGIBLE FOR A KEY PERFORMANCE INDICATOR (KPI) ANNUAL BONUS ONLY IF THE COMBINED EBIDA (MCH AND ITS RELATED ORGANIZATION) TARGET IS ACHIEVED. THE KPI ANNUAL BONUSES ARE NOT BASED ON THE PHYSICIANS' SALARIES BUT BASED ON HOW THEY PERFORM ON THE 6 METRICS OF THE KPI PLAN.