Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: FREDERICK CLINIC REV.

  total $8,399,501 · related or exempt $8,399,501

• 3 · Investment income

  total $258 · excluded $258

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $1,442 · excluded $1,442

• 11e · Other revenue, total

  $1,442

Functional expenses

Part IX, the statement of functional expenses.

• 11b · Fees: legal

  total $3,075 · management and general $3,075

• 11c · Fees: accounting

  total $7,881 · management and general $7,881

• 11g · Fees: other

  total $6,552,744 · program services $6,501,926 · management and general $50,818

• 12 · Advertising and promotion

  total $495 · program services $495

• 13 · Office expenses

  total $15,495 · program services $7,880 · management and general $7,615

• 14 · Information technology

  total $104,113 · program services $104,113

• 16 · Occupancy

  total $203,163 · program services $201,014 · management and general $2,149

• 17 · Travel

  total $7,333 · program services $7,333

• 19 · Conferences, conventions and meetings

  total $380 · program services $380

• 22 · Depreciation, depletion and amortization

  total $11,607 · program services $7,130 · management and general $4,477

• 23 · Insurance

  total $22,523 · program services $22,523

• 24a · Other expenses: INTERCORPORATE CHARGES

  total $1,018,688 · management and general $1,018,688

• 24b · Other expenses: FOOD EXPENSE

  total $186 · program services $186

• 24c · Other expenses: CLIENT SERVICES

  total $139 · program services $139

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,780,953 · end of year $996,743

• 4 · Accounts receivable

  end of year $913,855

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,469 · end of year $14,844

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

  $157,726

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

  $112,990

• 10c · Land, buildings and equipment, net

  beginning of year $31,897 · end of year $44,736

• 15 · Other assets

  beginning of year $166,747 · end of year $330,779

• 17 · Accounts payable and accrued expenses

  beginning of year $109,735 · end of year $132,991

• 25 · Other liabilities

  beginning of year $8,791,896 · end of year $5,626,152

• 27 · Net assets without donor restrictions

  beginning of year -$3,911,565 · end of year -$3,458,186

The filer's explanations (Part III)

PART I, LINE 3

THE TOP MANAGEMENT OFFICIALS ARE UNCOMPENSATED BY THE REPORTING ORGANIZATION. THE REPORTING ORGANIZATION RELIES ON SHEPPARD PRATT HEALTH SYSTEM, INC., A RELATED ORGANIZATION, TO ESTABLISH COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS.

PART I, LINE 4B

DURING CALENDAR YEAR 2023, THE FOLLOWING PARTICIPATED IN SHEPPARD PRATT'S SUPPLEMENTAL EXECUTIVE DEFERRED COMPENSATION PLAN ("SERP"): HARSH TRIVEDI, MD, MBA $ 50,000 JEFFREY RICHARDSON $ 25,000 GREG GATTMAN $ 25,000 KELLY SAVOCA $ 25,000 DURING THE CALENDAR YEAR, THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN SHEPPARD PRATT'S SERP PLAN: JEFFREY RICHARDSON $75,709 KELLY SAVOCA $28,321

PART I, LINE 7

TOP MANAGEMENT COMPENSATION INCLUDES AN ANNUAL INCENTIVE PLAN THAT PROVIDES ADDITIONAL COMPENSATION BASED ON THE ACHIEVEMENT OF ORGANIZATION GOALS AND METRICS INCLUDING FINANCIAL AND NON-FINANCIAL MEASURES. THE PLAN IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF SHEPPARD PRATT HEALTH SYSTEM, INC.

Related corporations and trusts

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

• SHEPPARD PRATT PREFERRED RESOURCES INC

  C · INACTIVE · MD

• SHEPPARD PRATT ASSURANCE COMPANY LLC

  C · INSURANCE · CJ

• OMNI HOUSE INC

  C · RENTAL OF FACILITIES FOR MENTAL HEALTH · MD