Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,164,400

• 1e · Government grants (contributions)

  $1,502,268

• 2a · Program service revenue: PATIENT REVENUE

  total $166,538,172 · related or exempt $166,538,172

• 3 · Investment income

  total $840,331 · excluded $840,331

• 6a · Gross rents

  real property $552,866

• 6b · Less rental expenses

  real property $359,363

• 6c · Rental income or loss

  real property $193,503

• 6d · Net rental income or loss

  total $193,503 · excluded $193,503

• 7a · Gross sales of assets other than inventory

  securities $27,452,771

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

  securities $27,732,928

• 7c · Gain or loss

  securities -$280,157

• 7d · Net gain or loss

  total -$280,157 · excluded -$280,157

• 11a · Other revenue: VENDOR REBATE

  total $1,250,000 · excluded $1,250,000

• 11b · Other revenue: CAFETERIA

  total $780,572 · excluded $780,572

• 11c · Other revenue: MISCELLANEOUS

  total $284,371 · excluded $284,371

• 11e · Other revenue, total

  $2,314,943

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,000 · program services $15,000

• 5 · Compensation of officers, directors and key employees

  total $2,716,596 · management and general $2,716,596

• 7 · Other salaries and wages

  total $56,379,156 · program services $52,607,038 · management and general $3,618,469 · fundraising $153,649

• 8 · Pension plan contributions

  total $2,149,419 · program services $1,913,413 · management and general $230,418 · fundraising $5,588

• 9 · Other employee benefits

  total $7,163,169 · program services $6,376,653 · management and general $767,892 · fundraising $18,624

• 10 · Payroll taxes

  total $4,365,661 · program services $3,886,311 · management and general $467,999 · fundraising $11,351

• 11b · Fees: legal

  total $17,187 · program services $15,300 · management and general $1,842 · fundraising $45

• 11d · Fees: lobbying

  total $75,090 · program services $66,845 · management and general $8,050 · fundraising $195

• 11f · Fees: investment management

  total $205,042 · program services $182,528 · management and general $21,981 · fundraising $533

• 11g · Fees: other

  total $26,331,481 · program services $23,440,284 · management and general $2,822,735 · fundraising $68,462

• 12 · Advertising and promotion

  total $386,139 · program services $343,741 · management and general $41,394 · fundraising $1,004

• 13 · Office expenses

  total $751,804 · program services $669,256 · management and general $80,593 · fundraising $1,955

• 14 · Information technology

  total $4,529,923 · program services $4,032,537 · management and general $485,608 · fundraising $11,778

• 16 · Occupancy

  total $2,170,392 · program services $1,932,083 · management and general $232,666 · fundraising $5,643

• 17 · Travel

  total $42,892 · program services $38,182 · management and general $4,598 · fundraising $112

• 20 · Interest

  total $2,176,934 · program services $1,937,907 · management and general $233,367 · fundraising $5,660

• 22 · Depreciation, depletion and amortization

  total $7,720,589 · program services $6,872,868 · management and general $827,647 · fundraising $20,074

• 23 · Insurance

  total $1,116,769 · program services $994,147 · management and general $119,718 · fundraising $2,904

• 24a · Other expenses: MEDICAL SUPPLIES

  total $22,786,559 · program services $20,284,595 · management and general $2,442,719 · fundraising $59,245

• 24b · Other expenses: DRUGS

  total $16,718,688 · program services $14,882,976 · management and general $1,792,243 · fundraising $43,469

• 24c · Other expenses: BAD DEBT

  total $6,086,543 · program services $5,418,241 · management and general $652,477 · fundraising $15,825

• 24d · Other expenses: EXPENSES FOR ALLOCATION

  total $5,891,164 · program services $5,244,314 · management and general $631,533 · fundraising $15,317

• 24e · All other expenses

  total $1,731,568 · program services $1,541,444 · management and general $185,623 · fundraising $4,501

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $951,269 · end of year $1,171,843

• 4 · Accounts receivable

  beginning of year $17,908,902 · end of year $19,863,751

• 8 · Inventories for sale or use

  beginning of year $4,636,722 · end of year $5,471,739

• 9 · Prepaid expenses and deferred charges

  beginning of year $729,557 · end of year $481,848

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

  $124,198,290

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

  $37,321,788

• 10c · Land, buildings and equipment, net

  beginning of year $80,876,495 · end of year $86,876,502

• 11 · Investments: publicly traded securities

  beginning of year $43,905,106 · end of year $48,559,712

• 15 · Other assets

  beginning of year $472,945 · end of year $1,084,857

• 17 · Accounts payable and accrued expenses

  beginning of year $5,514,202 · end of year $6,277,993

• 23 · Secured mortgages and notes payable

  beginning of year $174,778 · end of year $0

• 25 · Other liabilities

  beginning of year $1,414,910 · end of year $16,098,535

• 27 · Net assets without donor restrictions

  beginning of year $142,377,106 · end of year $141,133,724

The filer's explanations (Part III)

PART I, LINE 3

PROCESS FOR DETERMINING COMPENSATION A COMPENSATION COMMITTEE OF TIDALHEALTH INC. (THI), THE SOLE CORPORATE MEMBER OF THE FILING ORGANIZATION, DETERMINES THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE CEO OF THE ORGANIZATION HAS A WRITTEN EMPLOYMENT CONTRACT. THE COMPENSATION COMMITTEE USES AN INDEPENDENT CONSULTANT, COMPENSATION SURVEYS, AND OTHER ORGANIZATION'S FORM 990 IN THE DETERMINATION PROCESS AND KEEPS CONTEMPORANEOUS RECORDS OF DECISIONS MADE.

PART I, LINE 4B

SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THI HAS A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN (UNDER SECTION 457 (F)). THIS PLAN WAS APPROVED BY THE COMPENSATION COMMITTEE OF THE THI BOARD OF DIRECTORS TO SUPPLEMENT THE EXECUTIVE'S RETIREMENT INCOME. THE SUPPLEMENTAL RETIREMENT PLAN WAS DEVELOPED BASED ON AN INDEPENDENT CONSULTANT REPORT ON MARKET-BASED PRACTICES FOR SUPPLEMENTAL RETIREMENT PLANS. THE PERCENTAGE OF FINAL AVERAGE PAY, THE REQUIREMENTS FOR VESTING, PARTICIPANTS, AND PAY-OUT PROVISIONS WERE ESTABLISHED, REVIEWED, AND APPROVED BY THE COMPENSATION COMMITTEE. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C OR IN SCHEDULE J, PART II, COLUMN B(III) AS PART OF DEFERRED COMPENSATION. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: STEVEN LEONARD BRUCE RITCHIE THE FOLLOWING INDIVIDUAL RECEIVED A DISTRIBUTION DURING 2023 BASED ON THEIR PLAN'S VESTING DATE: BRUCE RITCHIE $217,958

PART I, LINE 7

NON-FIXED PAYMENTS OFFICERS, KEY EMPLOYEES AND CERTAIN PHYSICIAN DIRECTORS OF THE FILING ORGANIZATION ARE PAID BY THI. THE COMPENSATION IS DETERMINED BY A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOALS AS WELL AS ORGANIZATION OPERATIONAL ACHIEVEMENTS IN SERVICE, QUALITY, SAFETY, EMPLOYEE SATISFACTION, AND COST. THE FINAL DETERMINATION OF THE CONTINGENT COMPENSATION AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF THOSE EMPLOYEES.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• DELMARVA ENDOSC CTR

  HEALTHCARE · MD

Related corporations and trusts

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

• PENINSULA HEALTH VENTURES (PHV)

  C · P'SHIP INVESTMENT · MD

• PRLTC INC

  C · LONG TERM CARE · MD