Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $289

• 3 · Investment income

  total $1 · excluded $1

• 10a · Gross sales of inventory

  $461,934

• 10b · Cost of goods sold

  $241,678

• 10c · Net income from sales of inventory

  total $220,256 · related or exempt $220,256

• 11a · Other revenue: VENDING MACHINES

  total $1,311 · related or exempt $1,311

• 11e · Other revenue, total

  $1,311

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $126,379 · program services $126,379

• 11a · Fees: management

  total $114,622 · program services $63,042 · management and general $51,580

• 20 · Interest

  total $4,700 · program services $4,700

• 22 · Depreciation, depletion and amortization

  total $1,934 · program services $1,934

• 24a · Other expenses: PAPER SUPPLIES

  total $18,102 · program services $18,102

• 24b · Other expenses: AUXILIARY EXPENSES

  total $1,284 · fundraising $1,284

• 24c · Other expenses: OTHER EXPENSE

  total $828 · program services $828

• 24d · Other expenses: OFFICE SUPPLIES

  total $130 · program services $130

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $169,340 · end of year $204,508

• 4 · Accounts receivable

  beginning of year $27,133 · end of year $23,521

• 8 · Inventories for sale or use

  beginning of year $15,419 · end of year $15,419

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

  $52,127

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

  $40,588

• 10c · Land, buildings and equipment, net

  beginning of year $13,473 · end of year $11,539

• 15 · Other assets

  beginning of year $57,656 · end of year $160,273

• 17 · Accounts payable and accrued expenses

  beginning of year $33,232 · end of year $211,593

• 27 · Net assets without donor restrictions

  beginning of year $248,631 · end of year $202,509

• 28 · Net assets with donor restrictions

  beginning of year $1,158 · end of year $1,158

The filer's explanations (Part III)

PART I, LINE 3

HERITAGE VALLEY HEALTH SYSTEM'S BOARD OF DIRECTORS HAS APPOINTED AN EXECUTIVE COMPENSATION COMMITTEE TO REVIEW THE SALARIES FOR THE ORGANIZATION'S CEO AND OTHER SENIOR MANAGEMENT OFFICIALS. AS PART OF THE REVIEW, THE EXECUTIVE COMPENSATION COMMITTEE ENGAGED AN OUTSIDE CONSULTING FIRM TO REVIEW THE BASE SALARIES OF THE SENIOR MANAGEMENT TEAM INCLUDING THE CEO IN COMPARISON TO THE MARKET TO ENSURE REASONABLENESS OF COMPENSATION. MARKET ADJUSTMENTS ARE MADE ACCORDINGLY IN INSTANCES WHERE DATA SUPPORTED SUCH CHANGES FOR THIS PERIOD. BONUSES ARE PAID IN ACCORDANCE WITH AN INCENTIVE COMPENSATION PLAN WHICH WAS DEVELOPED AND APPROVED BY THE BOARD OF DIRECTORS SEVERAL YEARS AGO.

Related partnerships

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

• CONSOLIDATED SUPPLY CHAIN SERVICES LLC

  GROUP PURCHASING · PA

• EDGEWORTH COMMONS GROUP LLC

  SURGERY CENTER · PA

• BEAVER VALLEY AMBULATORY SURGERY CENTER LLC

  SURGERY CENTER · PA

Related corporations and trusts

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

• TRI-STATE OBSTETRICS & GYNECOLOGY

  C · PHYSICIAN PRACTICE · PA

• HERITAGE VALLEY PEDIATRICS INC

  C · PHYSICIAN PRACTICE · PA

• HERITAGE VALLEY MULTISPECIALTY GROUP INC

  C · PHYSICIAN PRACTICE · PA

• TRI-STATE GYNECOLOGY INC

  C · PHYSICIAN PRACTICE · PA

• HERITAGE VALLEY INSURANCE COMPANY

  C · PROFESSIONAL LIABILITY CAPTIVE · CJ

• EMBROOKE INCORPORATED

  C · AMBULANCE SERVICES · PA

• KBS ANESTHESIA INC

  C · PROVIDES MEDICAL SERVICES · PA