Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $259,282

• 1e · Government grants (contributions)

  $77,849,577

• 1f · All other contributions, gifts and grants

  $786,359

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $742,865,245 · related or exempt $742,865,245

• 2b · Program service revenue: RETAIL SALES

  total $136,128 · unrelated business $136,128

• 2c · Program service revenue: REFERENCE LAB

  total $67,362 · unrelated business $67,362

• 3 · Investment income

  total $5,902,886 · excluded $5,902,886

• 6a · Gross rents

  real property $2,900,479

• 6b · Less rental expenses

  real property $1,062,695

• 6c · Rental income or loss

  real property $1,837,784

• 6d · Net rental income or loss

  total $1,837,784 · excluded $1,837,784

• 7a · Gross sales of assets other than inventory

  other assets $70,224

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

  other assets $17,207

• 7c · Gain or loss

  other assets $53,017

• 7d · Net gain or loss

  total $53,017 · excluded $53,017

• 10a · Gross sales of inventory

  $528,407

• 10b · Cost of goods sold

  $485,326

• 10c · Net income from sales of inventory

  total $43,081 · excluded $43,081

• 11a · Other revenue: 340B DRUG PROGRAM

  total $16,574,586 · related or exempt $16,574,586

• 11b · Other revenue: EMPLOYEE PHARMACY REVENUE

  total $4,391,191 · excluded $4,391,191

• 11c · Other revenue: CAFETERIA SALES

  total $2,646,802 · excluded $2,646,802

• 11d · All other revenue

  total $4,092,155 · related or exempt $3,036,236 · excluded $1,055,919

• 11e · Other revenue, total

  $27,704,734

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,229,761 · program services $1,229,761

• 2 · Grants to domestic individuals

  total $290,382 · program services $290,382

• 5 · Compensation of officers, directors and key employees

  total $515,850 · management and general $515,850

• 7 · Other salaries and wages

  total $180,311,947 · program services $147,407,262 · management and general $32,904,685

• 8 · Pension plan contributions

  total $4,729,524 · program services $3,866,386 · management and general $863,138

• 9 · Other employee benefits

  total $30,261,728 · program services $24,538,369 · management and general $5,723,359

• 10 · Payroll taxes

  total $13,198,877 · program services $11,194,025 · management and general $2,004,852

• 11a · Fees: management

  total $4,841,654 · program services $2,089,321 · management and general $2,752,333

• 11b · Fees: legal

  total -$1,500,000 · management and general -$1,500,000

• 11c · Fees: accounting

  total $352,650 · management and general $352,650

• 11g · Fees: other

  total $143,862,474 · program services $104,868,098 · management and general $38,994,376

• 12 · Advertising and promotion

  total $105,975 · program services $45,805 · management and general $60,170

• 13 · Office expenses

  total $17,357,354 · program services $14,246,951 · management and general $3,110,403

• 14 · Information technology

  total $13,857,210 · program services $1,512,928 · management and general $12,344,282

• 16 · Occupancy

  total $9,334,942 · program services $4,402,359 · management and general $4,932,583

• 17 · Travel

  total $1,113,178 · program services $809,602 · management and general $303,576

• 20 · Interest

  total $11,429,723 · program services $5,390,257 · management and general $6,039,466

• 22 · Depreciation, depletion and amortization

  total $30,169,465 · program services $14,227,920 · management and general $15,941,545

• 23 · Insurance

  total $13,373,293 · program services $104,742 · management and general $13,268,551

• 24a · Other expenses: MEDICAL SUPPLIES

  total $158,163,604 · program services $158,159,627 · management and general $3,977

• 24b · Other expenses: CLINIC LOSS (SEE SCH O)

  total $96,257,668 · program services $81,260,723 · management and general $14,996,945

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $10,981,169 · program services $8,542,979 · management and general $2,438,190

• 24d · Other expenses: PROVIDER TAX

  total $8,207,304 · program services $8,207,304

• 24e · All other expenses

  total $2,884,724 · program services $1,424,736 · management and general $1,459,988

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,585 · end of year $15,585

• 2 · Savings and temporary cash investments

  beginning of year $80,957,991 · end of year $126,045,796

• 4 · Accounts receivable

  beginning of year $90,960,542 · end of year $114,230,142

• 7 · Other notes and loans receivable

  beginning of year $982,704 · end of year $21,274,183

• 8 · Inventories for sale or use

  beginning of year $19,518,165 · end of year $20,112,958

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,274,426 · end of year $14,887,625

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

  $1,002,049,075

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

  $581,352,329

• 10c · Land, buildings and equipment, net

  beginning of year $315,452,519 · end of year $420,696,746

• 11 · Investments: publicly traded securities

  beginning of year $78,334,855 · end of year $24,845

• 14 · Intangible assets

  beginning of year $124,777,806 · end of year $124,777,806

• 15 · Other assets

  beginning of year $24,279,132 · end of year $38,117,317

• 17 · Accounts payable and accrued expenses

  beginning of year $64,156,674 · end of year $66,164,707

• 19 · Deferred revenue

  beginning of year $4,171,465 · end of year $8,181,082

• 20 · Tax-exempt bond liabilities

  beginning of year $340,276,902 · end of year $333,267,975

• 23 · Secured mortgages and notes payable

  beginning of year $8,307,687 · end of year $7,029,013

• 25 · Other liabilities

  beginning of year $95,866,844 · end of year $105,621,287

• 27 · Net assets without donor restrictions

  beginning of year $222,215,078 · end of year $345,531,403

• 28 · Net assets with donor restrictions

  beginning of year $12,559,075 · end of year $14,387,536

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3

NONE OF THE INDIVIDUAL BOARD MEMBERS OR OFFICERS ARE COMPENSATED BY THE FILING ORGANIZATION. THE FILING ORGANIZATION, INSTEAD, RELIES ON THE METHODS USED BY PPHS, THE SOLE MEMBER, TO ESTABLISH COMPENSATION OF THE CEO AND EXECUTIVE OFFICERS. COMPENSATION DETERMINATION BY PPHS INCLUDES AN INDEPENDENT COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT AND SURVEYS, AND BOARD APPROVAL. THESE METHODS ARE WELL DOCUMENTED.

SCHEDULE J, PAGE 1, PART I, LINE 4

SCOTT STEINER 0 587,046 0 BRIAN CHURCH 0 134,761 0 DEBORAH ANGERAMI 0 122,909 0 DAWN BENSON 0 135,039 0 JOE AUSTIN 567,757 0 0 JANE GRAY 0 47,392 0 EVELYN M. OLENICK 0 46,447 0 THOMAS SULLIVAN 0 47,136 0

SCHEDULE J, PART III

SCHEDULE J, PART I, LINE 4 - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS: DEFERRED COMPENSATION PLAN 457(B): THE DEFERRED COMPENSATION PLAN IS AN ADDITIONAL RETIREMENT PLAN OFFERED THROUGH PHOEBE PUTNEY. THE 457(B) PLAN IS AN ELIGIBLE DEFERRED COMPENSATION PLAN THAT ALLOWS ONE TO DEFER ADDITIONAL DOLLARS TOWARDS RETIREMENT. HIGHLIGHTS INCLUDE: O NOT LIMITED BY THE AMOUNTS DEFERRED INTO THE PHOEBE 403(B) O PLAN IS SUBJECT TO ANNUAL DEFERRAL LIMITS SET BY THE IRS O PER IRS REGULATIONS, EACH PARTICIPANT IS A GENERAL UNSECURED CREDITOR OF THE PLAN SPONSOR. AN ELIGIBLE EMPLOYEE IS ONE WHO IS DETERMINED BY THE EMPLOYER TO BE A MEMBER OF A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES WITHIN THE MEANING OF SECTIONS 201(2), 301(A)(3), AND 401(A)(1) OF ERISA. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) 457(F): PPHS RELIES ON AN INDEPENDENT COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, SURVEYS, WELL DOCUMENTED METHODS AND BOARD APPROVAL TO ESTABLISH TOTAL COMPENSATION OF THE CEO AND EXECUTIVE OFFICERS. CERTAIN BOARD APPROVED EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN A SERP THAT PROVIDES CERTAIN DEFINED ANNUAL PAY CREDITS THAT ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THE PURPOSE OF THE SERP IS TO PROVIDE A LONG-TERM INCENTIVE AND RETIREMENT BENEFIT FOR AFFECTED EXECUTIVES CONSISTENT WITH THE BENEFIT AVAILABLE TO EMPLOYEES NOT IMPACTED BY IRS COMPENSATION LIMITS ON DEFINED BENEFIT PLANS. THE AMOUNTS REPORTED AS SUPPLEMENTAL EXECUTIVE RETIREMENT COMPENSATION FOR ELIGIBLE EMPLOYEES IN SCHEDULE J REPRESENT CREDITED, BUT NOT VESTED, BENEFITS, AND THE AMOUNTS ARE AVAILABLE IN FUTURE PERIODS TO THE EMPLOYEE SUBJECT TO CONTINUING EMPLOYMENT. PPHS MAINTAINS OWNERSHIP OF THE FUNDS ALLOCATED TO EACH PARTICIPANT UNTIL VESTING AND PAYMENT. FOR A PARTICIPANT IN THE SERP PRIOR TO 1/1/2017 (A "GRANDFATHERED PARTICIPANT"), WITH PAY CREDITS FOR PLAN YEARS BEGINNING PRIOR TO 1/1/2020, THE INITIAL VESTING DATE WILL OCCUR ON THE DATE THE PARTICIPANT ATTAINS FIVE YEARS OF PARTICIPATION UNDER THE PLAN. AFTER THE INITIAL VESTING DATE, A GRANDFATHERED PARTICIPANT SHALL HAVE A NEW VESTING DATE ONCE EVERY 5 YEARS. THESE ADDITIONAL VESTING DATES WILL OCCUR ON THE 5TH ANNIVERSARY OF EACH VESTING DATE AFTER THE INITIAL VESTING DATE. ON EACH VESTING DATE, A GRANDFATHERED PARTICIPANT WILL BECOME 100% VESTED IN AN AMOUNT EQUAL TO THE PARTICIPANT'S ACCOUNT BALANCE REDUCED BY ANY PAY CREDITS CREDITED TO THE ACCOUNT FOR THE 2 MOST RECENT PLAN YEARS. GRANDFATHERED PARTICIPANTS WITH PAY CREDITS FOR PLAN YEARS BEGINNING ON OR AFTER 1/1/2020, EACH YEAR'S ANNUAL PAY CREDIT PLUS SUBSEQUENT EARNINGS AND/OR LOSSES WILL VEST AFTER 5 YEARS OF CONTINUOUS EMPLOYMENT. EACH CONTRIBUTION IS SUBJECT TO A SEPARATE AND INDEPENDENT 5 YEAR CONTINUOUS EMPLOYMENT REQUIREMENT. FOR PARTICIPANTS INITIALLY PARTICIPATING IN THE SERP AFTER 12/31/2016 (A "CONTEMPORARY PARTICIPANT"), EACH YEAR'S ANNUAL PAY CREDIT PLUS SUBSEQUENT EARNINGS AND/OR LOSSES WILL 100% VEST ON THAT PAY CREDITS' 5TH ANNIVERSARY, PROVIDED THAT THE PARTICIPANT REMAINS IN THE CONTINUOUS EMPLOYMENT THROUGHOUT THE 5-YEAR PERIOD FOR EACH ANNUAL PAY CREDIT. IF ANY ELIGIBLE PARTICIPANT ATTAINS NORMAL RETIREMENT AGE PRIOR TO SEPARATION FROM SERVICE, THEY SHALL VEST IN 100% OF THE ACCOUNT BALANCE. ONCE VESTED, EACH PARTICIPANT SHALL RECEIVE A DISTRIBUTION OF THEIR ENTIRE VESTED AMOUNT WITHIN A REASONABLE PERIOD NOT TO EXCEED 2.5 MONTHS. THIS DISTRIBUTION IS TREATED AS REPORTABLE COMPENSATION TO THE PARTICIPANT AND IS INCLUDED IN PART II, COLUMN B(III). THEREFORE, PART II, COLUMN B(III) INCLUDES PRIOR YEAR SERP DEFERRALS PREVIOUSLY REPORTED IN PART II, COLUMN C. ANY DISTRIBUTION AMOUNT INCLUDED IN PART II, COLUMN B(III) THAT WAS PREVIOUSLY REPORTED IN PRIOR PERIODS AS DEFERRED COMPENSATION IN PART II, COLUMN C IS DISCLOSED IN PART II, COLUMN F. SCHEDULE J, PART II, COLUMN B(II) CERTAIN EXECUTIVE OFFICERS AND PHYSICIANS ARE ELIGIBLE FOR BONUS/INCENTIVE PAYMENTS. THESE BONUSES ARE DETERMINED BASED ON THE ACHIEVEMENT OF VARIOUS ORGANIZATIONAL AND PERSONAL PERFORMANCE GOALS ESTABLISHED BY A FORMAL PROCESS IN KEEPING WITH THE ORGANIZATION'S TAX-EXEMPT STATUS. COMPENSATION PROCESS FOR TOP OFFICIAL AS DETERMINED BY PPHS THE ORGANIZATION'S FORMAL PROCESS FOR DETERMINING TOTAL COMPENSATION FOR THE CEO IS INTENDED TO PROVIDE REASONABLE COMPENSATION FOR ACCOMPLISHING THE ORGANIZATION'S MISSION, ACHIEVE ITS STRATEGIC GOALS, TO RECOGNIZE PERFORMANCE, AND TO OPERATE IN KEEPING WITH THE ORGANIZATION'S OBLIGATIONS AS A TAX-EXEMPT CHARITABLE ORGANIZATION. THE EXECUTIVE COMPENSATION COMMITTEE OF THE PPHS'S BOARD OF DIRECTORS CONDUCTS AN ANNUAL REVIEW OF THE COMPENSATION OF THE CEO. THE COMMITTEE RETAINS A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT COMPETITIVE MARKET ANALYSIS OF THE MARKET RANGES OF BASE, INCENTIVE AND TOTAL CASH COMPENSATION. THE INFORMATION THE COMMITTEE MAY CONSIDER CAN INCLUDE BUT IS NOT LIMITED TO THE PERFORMANCE OF AN INDIVIDUAL, THE PERFORMANCE OF THE ORGANIZATION, AN INDIVIDUAL'S LENGTH OF SERVICE, CREDENTIALS AND EXPERIENCE, THE ELEMENTS OF TOTAL COMPENSATION AND SALARY HISTORY, THE ORGANIZATION'S COMPENSATION TARGETS, AND COMPARABILITY DATA, INCLUDING THE DATA PREPARED BY THE INDEPENDENT CONSULTANT AND REVIEWED WITH THE COMMITTEE. THE COMMITTEE INCORPORATES A FORMAL PERFORMANCE APPRAISAL PROCESS IN THE CEO COMPENSATION REVIEW. IT UTILIZES A MULTI-PERSPECTIVE APPROACH AND PERFORMANCE MEASURES WHICH ARE LINKED TO THE ORGANIZATION'S LONG-TERM STRATEGIC PLAN AND ACHIEVEMENT OF ANNUAL SYSTEM OBJECTIVES. THE CEO IS NOT PRESENT WHEN THE COMMITTEE DISCUSSES AND ESTABLISHES HIS COMPENSATION.

Related corporations and trusts

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

• PHOEBE PUTNEY HEALTH VENTURES INC

  HEALTHCARE · GA

• PHOEBE PUTNEY INDEMNITY LTD

  INSURANCE · CJ